Quest Holdings (ATH:QUEST) Cyclically Adjusted PB Ratio: 3.26 (As of Jul. 05, 2026) — 17% Above Median


ATH:QUEST Quest Holdings SA ATH:QUEST
99 GF Score
Price €7.24
GF Value €7.46
Valuation Fairly Valued
! 2 Warning Signs
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What is Quest Holdings Cyclically Adjusted PB Ratio?

Quest Holdings ATH:QUEST +1.26% 99 Cyclically Adjusted PB Ratio is 3.26 as of Jul. 05, 2026, which is 17% above its 10-year median of 2.79. GuruFocus rates ATH:QUEST with a GF Score™ of 99/100 and a GF Value™ of €7.46 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,979 Hardware companies, Quest Holdings ranks worse than 63.11% on this metric.

As of today (2026-07-05), Quest Holdings's current share price is €7.24. Quest Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.22. Quest Holdings's Cyclically Adjusted PB Ratio for today is 3.26.

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

ATH:QUEST' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 2.79   Max: 4.29
Current: 3.26

During the past years, Quest Holdings's highest Cyclically Adjusted PB Ratio was 4.29. The lowest was 0.55. And the median was 2.79.

ATH:QUEST's Cyclically Adjusted PB Ratio is ranked worse than
63.11% of 1979 companies
in the Hardware industry
Industry Median: 2.16 vs ATH:QUEST: 3.26

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.

Quest Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was €3.377. 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 €2.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quest Holdings  (ATH:QUEST) 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.


Quest Holdings Cyclically Adjusted PB Ratio Related Terms


Quest Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Quest Holdings'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.

Quest Holdings Cyclically Adjusted PB Ratio Chart

Quest Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.08 2.79 3.10 3.07 3.30

Quest Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.10 3.47 3.49 3.30 2.81

ATH:QUEST vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Quest Holdings'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.


Quest Holdings Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Quest Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ATH:QUEST
99GF Score
Quest Holdings SA ATH:QUEST
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Quest Holdings 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.

Quest Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.24/2.22
=3.26

* 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.

Quest Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Quest Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.377/124.8200*124.8200
=3.377

Current CPI (Mar. 2026) = 124.8200.

Quest Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.485 100.121 1.851
201609 1.517 99.878 1.896
201612 1.448 100.110 1.805
201703 1.472 100.770 1.823
201706 1.492 101.138 1.841
201709 1.241 100.882 1.535
201712 1.205 100.762 1.493
201803 1.205 100.534 1.496
201806 1.238 102.121 1.513
201809 1.275 101.982 1.561
201812 1.300 101.330 1.601
201903 1.342 101.482 1.651
201906 1.397 101.837 1.712
201909 1.447 101.906 1.772
201912 1.322 102.120 1.616
202003 1.364 101.479 1.678
202006 1.427 100.239 1.777
202009 1.335 99.886 1.668
202012 1.358 99.751 1.699
202103 1.416 99.817 1.771
202106 1.437 101.270 1.771
202109 2.261 102.095 2.764
202112 2.416 104.853 2.876
202203 2.511 108.651 2.885
202206 2.039 113.517 2.242
202209 2.146 114.371 2.342
202212 2.233 112.428 2.479
202303 2.325 113.620 2.554
202306 2.232 115.515 2.412
202309 2.332 116.234 2.504
202312 2.458 116.364 2.637
202403 2.536 117.285 2.699
202406 2.395 118.129 2.531
202409 2.512 119.650 2.621
202412 3.212 119.360 3.359
202503 3.296 120.133 3.425
202506 3.016 121.399 3.101
202509 3.139 121.950 3.213
202512 3.281 122.450 3.345
202603 3.377 124.820 3.377

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 3.26 mean?
Quest Holdings (ATH:QUEST) has a Cyclically Adjusted PB Ratio of 3.26 as of Jul. 05, 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 Quest Holdings and its competitors. This is 17% above median its historical median of 2.79. Over the past decade, Quest Holdings' Cyclically Adjusted PB Ratio has ranged from 0.55 to 4.29. According to the industry distribution chart, Quest Holdings ranks #1249 out of 1979 companies in the Hardware industry, placing it in the top 63.1%.
Is Quest Holdings' Cyclically Adjusted PB Ratio too high?
Quest Holdings' current Cyclically Adjusted PB Ratio of 3.26 is 17% above median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 4.29. The Hardware industry median Cyclically Adjusted PB Ratio is 2.16. Quest Holdings' value of 3.26 is 50.9% above this industry median. Based on the distribution chart, Quest Holdings ranks #1249 out of 1979 companies in the Hardware industry, which is below the industry midpoint. Overall, Quest Holdings has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Quest Holdings' Cyclically Adjusted PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Quest Holdings ranks #1249 out of 1979 companies for Cyclically Adjusted PB Ratio. This places Quest Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.16. Quest Holdings' value of 3.26 is 50.9% above this benchmark. Historically, Quest Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.55 to 4.29 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 2.16, Quest Holdings has consistently been above 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.16, based on 1,979 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. Quest Holdings's current Cyclically Adjusted PB Ratio of 3.26 is 50.9% above 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 Quest Holdings and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quest Holdings's current Cyclically Adjusted PB Ratio is 3.26, which is 17% above median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quest Holdings stock overvalued right now?
Based on GuruFocus' analysis, Quest Holdings (ATH:QUEST) is currently considered Fairly Valued. The stock's GF Value™ is €7.46, compared to a current price of €7.24 — trading 2.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.26, which is 17% above median its 10-year median of 2.79 and 50.9% above the Hardware industry median of 2.16. Quest Holdings' overall GF Score™ is 99/100 with 2 warning signs to review. 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 Quest Holdings (ATH:QUEST), the current Cyclically Adjusted PB Ratio is 3.26 as of Jul. 05, 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.

Is Quest Holdings (ATH:QUEST) Overvalued in 2026?

Based on GuruFocus' analysis, Quest Holdings stock appears to be undervalued. The current stock price of €7.24 is trading 2.9% below its estimated GF Value™ of €7.46. GuruFocus considers Quest Holdings to be Fairly Valued.

Key valuation signals for ATH:QUEST:

  • Cyclically Adjusted PB Ratio: 3.26 (17% above median its 10-year median of 2.79)
  • GF Value™: €7.46 vs. price of €7.24 (2.9% below fair value)
  • GF Score™: 99/100 with 2 warning signs
  • Industry Position: 50.9% above the Hardware median (#1249 of 1979)

No single metric tells the full story. See the ATH:QUEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Quest Holdings Business Description

Other Exchanges 0QIK:UK9IVA:Germany
Address 2A, Argyroupoleos Street, Kallithea, Athens, GRC, 176 76
Quest Holdings SA, together with its subsidiaries, engages in a diversified business. It operates through four business segments: Commercial activities, Information technology services, Postal services, and Production of electric power from renewable energy sources. The vast majority of its revenue comes from the Commercial activities segment, which includes sales of products, mostly IT-related, such as IT equipment, Apple and Xiaomi mobile phone devices, air conditioning devices, and other home appliances. The company's geographical segments are Greece, the Eurozone, European countries out of the Eurozone, and other countries. Maximum revenue is generated from its business in Greece.
99GF Score

Get the complete analysis for ATH:QUEST

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€7.24
Price
€7.46
GF Value