POSCO Holdings (BSP:P1KX34) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.

BSP:P1KX34 POSCO Holdings Inc BSP:P1KX34
70 GF Score
Price R$74.48
GF Value R$71.99
Valuation Fairly Valued
! 6 Warning Signs
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What is POSCO Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


POSCO Holdings  (BSP:P1KX34) 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.


POSCO Holdings Cyclically Adjusted PB Ratio Related Terms


POSCO Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for POSCO 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.

POSCO Holdings Cyclically Adjusted PB Ratio Chart

POSCO 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 0.16 0.12 0.17 0.10 0.10

POSCO Holdings 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 0.09 0.09 0.10 0.10 0.09

BSP:P1KX34 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, POSCO 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.


POSCO Holdings Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, POSCO Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:P1KX34
70GF Score
POSCO Holdings Inc BSP:P1KX34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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POSCO 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.

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

For example, POSCO Holdings'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)
=708.77/126.4904*126.4904
=708.770

Current CPI (Jun. 2026) = 126.4904.

POSCO Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 407.753 101.461 508.341
201612 377.746 101.561 470.467
201703 400.338 102.851 492.354
201706 415.442 102.611 512.121
201709 402.045 103.491 491.396
201712 449.957 102.991 552.625
201803 457.607 104.101 556.027
201806 512.101 104.130 622.065
201809 538.642 105.651 644.891
201812 505.498 104.351 612.748
201903 503.398 104.491 609.383
201906 493.812 104.881 595.556
201909 520.871 105.200 626.283
201912 516.721 105.121 621.760
202003 627.770 105.354 753.713
202006 678.276 105.112 816.230
202009 731.032 106.198 870.721
202012 746.719 105.765 893.040
202103 807.992 107.357 951.992
202106 746.281 107.579 877.474
202109 811.283 108.759 943.548
202112 845.892 109.676 975.572
202203 738.729 111.848 835.439
202206 780.053 114.072 864.971
202209 750.213 114.715 827.220
202212 800.907 115.179 879.560
202303 763.749 116.507 829.191
202306 722.379 117.182 779.761
202309 737.468 118.964 784.127
202312 740.753 118.837 788.459
202403 739.920 120.123 779.140
202406 813.924 120.007 857.894
202409 842.826 120.861 882.081
202412 852.675 121.135 890.370
202503 793.109 122.590 818.343
202506 810.121 122.611 835.752
202509 778.762 123.402 798.254
202512 784.637 123.939 800.788
202603 714.713 125.236 721.872
202606 708.770 126.490 708.770

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 POSCO Holdings (BSP:P1KX34) Overvalued in 2026?

Based on GuruFocus' analysis, POSCO Holdings stock appears to be overvalued. The current stock price of R$74.48 is trading 3.5% above its estimated GF Value™ of R$71.99. GuruFocus considers POSCO Holdings to be Fairly Valued.

Key valuation signals for BSP:P1KX34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$71.99 vs. price of R$74.48 (3.5% above fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the BSP:P1KX34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


POSCO Holdings Business Description

Address POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, KOR, 06194
POSCO Holdings Inc is a holding company operating through its subsidiaries. Its business is divided into segments, with the Steel segment generating the majority of revenue from the manufacture and sale of steel products. The Infrastructure segment includes trading, construction, and logistics and system integration activities. The Rechargeable Battery Materials segment focuses on EV battery materials such as lithium, nickel, and cathode and anode materials. The Others segment includes the controlling company and investment business. Geographically, the Group generates majority of its revenue from Asia (excluding China and Japan).
70GF Score

Get the complete analysis for BSP:P1KX34

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

R$74.48
Price
R$71.99
GF Value