Armatura (BSE:ARM) Cyclically Adjusted PB Ratio: (As of Sep. 13, 2026)

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.
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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.

BSE:ARM Armatura SA BSE:ARM
43 GF Score
Price lei0.26
GF Value lei0.02
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Armatura Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Armatura  (BSE:ARM) 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.


Armatura Cyclically Adjusted PB Ratio Related Terms


Armatura Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Armatura'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.

Armatura Cyclically Adjusted PB Ratio Chart

Armatura 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 0.00 0.00 0.00 0.00 0.00

Armatura Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00

BSE:ARM vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Armatura'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.


Armatura Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


BSE:ARM
43GF Score
Armatura SA BSE:ARM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Armatura 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.

Armatura's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.164/333.9520*333.9520
=0.164

Current CPI (Jun. 2026) = 333.9520.

Armatura Quarterly Data

Book Value per Share CPI Adj_Book
201609 -0.099 241.428 -0.137
201612 -0.150 241.432 -0.207
201703 -0.172 243.801 -0.236
201706 -0.186 244.955 -0.254
201709 -0.220 246.819 -0.298
201712 -0.277 246.524 -0.375
201803 -0.282 249.554 -0.377
201806 -0.286 251.989 -0.379
201809 -0.297 252.439 -0.393
201812 -0.035 251.233 -0.047
201903 -0.064 254.202 -0.084
201906 -0.069 256.143 -0.090
201909 -0.085 256.759 -0.111
201912 -0.121 256.974 -0.157
202003 -0.146 258.115 -0.189
202006 -0.161 257.797 -0.209
202009 -0.177 260.280 -0.227
202012 -0.181 260.474 -0.232
202103 -0.203 264.877 -0.256
202106 -0.230 271.696 -0.283
202109 -0.224 274.310 -0.273
202112 0.223 278.802 0.267
202203 0.221 287.504 0.257
202206 0.213 296.311 0.240
202209 0.207 296.808 0.233
202212 0.201 296.797 0.226
202303 0.201 301.836 0.222
202306 0.200 305.109 0.219
202309 0.194 307.789 0.210
202312 0.189 306.746 0.206
202403 0.184 312.332 0.197
202406 0.168 314.175 0.179
202409 0.170 315.301 0.180
202412 0.174 315.605 0.184
202503 0.190 319.799 0.198
202506 0.186 322.561 0.193
202509 0.173 324.800 0.178
202512 0.168 324.054 0.173
202603 0.166 330.213 0.168
202606 0.164 333.952 0.164

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.

Is Armatura (BSE:ARM) Overvalued in 2026?

Based on GuruFocus' analysis, Armatura stock appears to be overvalued. The current stock price of lei0.26 is trading 1220% above its estimated GF Value™ of lei0.02. GuruFocus considers Armatura to be Significantly Overvalued.

Key valuation signals for BSE:ARM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: lei0.02 vs. price of lei0.26 (1220% above fair value)
  • GF Score™: 43/100 with 3 warning signs

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


Armatura Business Description

Address 19 Garii Street, Cluj-Napoca, ROU, 400267
Armatura SA operates in the field of metal fittings with experience in the production of fittings for heating and water and gas supply installations. The company sold its product both in national and international markets.
43GF Score

Get the complete analysis for BSE:ARM

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

lei0.26
Price
lei0.02
GF Value