WestStar Industrial (ASX:WSI) Cyclically Adjusted PB Ratio: 0.58 (As of Jul. 22, 2026) — 66% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is WestStar Industrial Cyclically Adjusted PB Ratio?

WestStar Industrial ASX:WSI +5.45% Cyclically Adjusted PB Ratio is 0.58 as of Jul. 22, 2026, which is 66% above its 10-year median of 0.35. The stock has 4 warning signs investors should review. Among 1,363 Construction companies, WestStar Industrial ranks better than 74.17% on this metric.

As of today (2026-07-22), WestStar Industrial's current share price is A$0.058. WestStar Industrial's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was A$0.10. WestStar Industrial's Cyclically Adjusted PB Ratio for today is 0.58.

The historical rank and industry rank for WestStar Industrial's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASX:WSI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.35   Max: 1.69
Current: 0.59

During the past 13 years, WestStar Industrial's highest Cyclically Adjusted PB Ratio was 1.69. The lowest was 0.11. And the median was 0.35.

ASX:WSI's Cyclically Adjusted PB Ratio is ranked better than
74.17% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs ASX:WSI: 0.59

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

WestStar Industrial's adjusted book value per share data of for the fiscal year that ended in Jun25 was A$0.216. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is A$0.10 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


WestStar Industrial  (ASX:WSI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


WestStar Industrial Cyclically Adjusted PB Ratio Related Terms


WestStar Industrial Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WestStar Industrial's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

WestStar Industrial Cyclically Adjusted PB Ratio Chart

WestStar Industrial Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.62 0.00 1.71 0.59

WestStar Industrial Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.71 0.00 0.59 0.00

ASX:WSI vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, WestStar Industrial's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


WestStar Industrial Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, WestStar Industrial's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where WestStar Industrial's Cyclically Adjusted PB Ratio falls into.



WestStar Industrial Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

WestStar Industrial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.058/0.10
=0.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

WestStar Industrial's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, WestStar Industrial's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=0.216/131.5506*131.5506
=0.216

Current CPI (Jun25) = 131.5506.

WestStar Industrial Annual Data

Book Value per Share CPI Adj_Book
201606 -0.299 0.000
201706 0.021 0.000
201806 -0.001 0.000
201906 0.054 0.000
202006 0.142 0.000
202106 0.158 0.000
202206 0.214 0.000
202306 0.231 0.000
202406 0.255 0.000
202506 0.216 131.551 0.216

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.58 mean?
WestStar Industrial (ASX:WSI) has a Cyclically Adjusted PB Ratio of 0.58 as of Jul. 22, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on WestStar Industrial and its competitors. This is 66% above median its historical median of 0.35. Over the past decade, WestStar Industrial's Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.69. According to the industry distribution chart, WestStar Industrial ranks #352 out of 1363 companies in the Construction industry, placing it in the top 25.8%.
Is WestStar Industrial's Cyclically Adjusted PB Ratio too high?
WestStar Industrial's current Cyclically Adjusted PB Ratio of 0.58 is 66% above median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.69. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. WestStar Industrial's value of 0.58 is 50.4% below this industry median. Based on the distribution chart, WestStar Industrial ranks #352 out of 1363 companies in the Construction industry, which is above the industry midpoint.
How does WestStar Industrial's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, WestStar Industrial ranks #352 out of 1363 companies for Cyclically Adjusted PB Ratio. This puts WestStar Industrial in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. WestStar Industrial's value of 0.58 is 50.4% below this benchmark. Historically, WestStar Industrial's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.69 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 1.17, WestStar Industrial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,363 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WestStar Industrial's current Cyclically Adjusted PB Ratio of 0.58 is 50.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on WestStar Industrial and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WestStar Industrial's current Cyclically Adjusted PB Ratio is 0.58, which is 66% above median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WestStar Industrial stock overvalued right now?
Based on GuruFocus' analysis, WestStar Industrial (ASX:WSI) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.05, compared to a current price of A$0.06 — trading 16% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.58, which is 66% above median its 10-year median of 0.35 and 50.4% below the Construction industry median of 1.17. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For WestStar Industrial (ASX:WSI), the current Cyclically Adjusted PB Ratio is 0.58 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

WestStar Industrial Business Description

Address 52 Hope Valley Road, Naval Base, WA, AUS, 6165
WestStar Industrial Ltd is an Australian company offering industrial project solutions in engineering, fabrication, construction, and maintenance across sectors such as resources, energy, oil and gas, petrochemical, water, marine, defence, and infrastructure. The company operates through three segments: SIMPEC, Alltype Engineering, and Watmar Engineering. SIMPEC specializes in structural, mechanical, piping, electrical, and instrumentation contracting. Alltype Engineering provides workshop services, site installation, construction, and maintenance across various industries. Watmar Engineering focuses on fluid systems engineering for the defence and marine sectors. The majority of the company's revenue is generated from the Alltype segment.