Fluidra (CHIX:FDRE) Cyclically Adjusted PB Ratio: 2.95 (As of Jul. 13, 2026) — 22% Below Median


CHIX:FDRE Fluidra SA CHIX:FDRE
77 GF Score
Price €18.74
GF Value €23.05
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Fluidra Cyclically Adjusted PB Ratio?

Fluidra CHIX:FDRE 77 Cyclically Adjusted PB Ratio is 2.95 as of Jul. 13, 2026, which is 22% below its 10-year median of 3.80. GuruFocus rates CHIX:FDRE with a GF Score™ of 77/100 and a GF Value™ of €23.05 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 652 Travel & Leisure companies, Fluidra ranks worse than 76.53% on this metric.

As of today (2026-07-13), Fluidra's current share price is €18.74. Fluidra's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €6.36. Fluidra's Cyclically Adjusted PB Ratio for today is 2.95.

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

CHIX:FDRe' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.92   Med: 3.8   Max: 4.74
Current: 2.95

During the past years, Fluidra's highest Cyclically Adjusted PB Ratio was 4.74. The lowest was 2.92. And the median was 3.80.

CHIX:FDRe's Cyclically Adjusted PB Ratio is ranked worse than
76.53% of 652 companies
in the Travel & Leisure industry
Industry Median: 1.23 vs CHIX:FDRe: 2.95

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.

Fluidra's adjusted book value per share data for the three months ended in Dec. 2025 was €8.383. 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 €6.36 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fluidra  (CHIX:FDRe) 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.


Fluidra Cyclically Adjusted PB Ratio Related Terms


Fluidra Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fluidra'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.

Fluidra Cyclically Adjusted PB Ratio Chart

Fluidra 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 4.16 3.64

Fluidra Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 4.16 3.70 3.50 3.74 3.64

CHIX:FDRE vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Fluidra'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.


Fluidra Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fluidra's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:FDRE
77GF Score
Fluidra SA CHIX:FDRE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fluidra 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.

Fluidra's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.74/6.36
=2.95

* 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.

Fluidra's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Fluidra's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=8.383/128.4000*128.4000
=8.383

Current CPI (Dec. 2025) = 128.4000.

Fluidra Quarterly Data

Book Value per Share CPI Adj_Book
200912 2.615 93.169 3.604
201006 2.794 94.114 3.812
201012 2.808 95.953 3.758
201106 2.930 97.111 3.874
201112 2.899 98.235 3.789
201206 3.059 98.952 3.969
201212 2.866 101.052 3.642
201306 2.874 100.994 3.654
201312 2.582 101.306 3.273
201406 2.760 101.081 3.506
201412 2.719 100.251 3.482
201506 2.902 101.138 3.684
201512 2.829 100.268 3.623
201606 2.917 100.333 3.733
201612 2.934 101.842 3.699
201706 3.075 101.848 3.877
201709 0.000 101.524 0.000
201712 3.006 102.975 3.748
201806 3.288 104.165 4.053
201809 0.000 103.818 0.000
201812 7.403 104.193 9.123
201906 7.446 104.612 9.139
201912 7.419 105.015 9.071
202006 7.670 104.254 9.446
202012 7.329 104.456 9.009
202106 7.789 107.102 9.338
202112 8.503 111.298 9.810
202206 9.171 118.044 9.976
202212 8.961 117.650 9.780
202306 8.318 120.278 8.880
202309 0.000 121.343 0.000
202312 8.258 121.300 8.741
202403 0.000 122.762 0.000
202406 8.477 124.409 8.749
202409 8.256 123.121 8.610
202412 8.677 124.753 8.931
202503 8.704 125.531 8.903
202506 8.140 127.251 8.214
202509 8.288 126.840 8.390
202512 8.383 128.400 8.383

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 2.95 mean?
Fluidra (CHIX:FDRE) has a Cyclically Adjusted PB Ratio of 2.95 as of Jul. 13, 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 Fluidra and its competitors. This is 22% below median its historical median of 3.80. Over the past decade, Fluidra's Cyclically Adjusted PB Ratio has ranged from 2.92 to 4.74. According to the industry distribution chart, Fluidra ranks #499 out of 652 companies in the Travel & Leisure industry, placing it in the top 76.5%.
Is Fluidra's Cyclically Adjusted PB Ratio too high?
Fluidra's current Cyclically Adjusted PB Ratio of 2.95 is 22% below median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 2.92 to a high of 4.74. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Fluidra's value of 2.95 is 139.8% above this industry median. Based on the distribution chart, Fluidra ranks #499 out of 652 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Fluidra has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fluidra's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Fluidra ranks #499 out of 652 companies for Cyclically Adjusted PB Ratio. This places Fluidra in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Fluidra's value of 2.95 is 139.8% above this benchmark. Historically, Fluidra's own Cyclically Adjusted PB Ratio has ranged from 2.92 to 4.74 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 1.23, Fluidra 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.23, based on 652 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. Fluidra's current Cyclically Adjusted PB Ratio of 2.95 is 139.8% 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 Fluidra and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fluidra's current Cyclically Adjusted PB Ratio is 2.95, which is 22% below median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fluidra stock overvalued right now?
Based on GuruFocus' analysis, Fluidra (CHIX:FDRE) is currently considered Modestly Undervalued. The stock's GF Value™ is €23.05, compared to a current price of €18.74 — trading 18.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.95, which is 22% below median its 10-year median of 3.80 and 139.8% above the Travel & Leisure industry median of 1.23. Fluidra's overall GF Score™ is 77/100 with 3 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 Fluidra (CHIX:FDRE), the current Cyclically Adjusted PB Ratio is 2.95 as of Jul. 13, 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 Fluidra (CHIX:FDRE) Overvalued in 2026?

Based on GuruFocus' analysis, Fluidra stock appears to be undervalued. The current stock price of €18.74 is trading 18.7% below its estimated GF Value™ of €23.05. GuruFocus considers Fluidra to be Modestly Undervalued.

Key valuation signals for CHIX:FDRE:

  • Cyclically Adjusted PB Ratio: 2.95 (22% below median its 10-year median of 3.80)
  • GF Value™: €23.05 vs. price of €18.74 (18.7% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 139.8% above the Travel & Leisure median (#499 of 652)

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


Fluidra Business Description

Address Avenida Alcalde Barnils, 69, Sant Cugat del Valles, Barcelona, ESP, 08174
Fluidra SA is engaged in the pool and wellness business, as well as irrigation, industrial, and others. The company is responsible for manufacturing and distributing all the components required for the construction, renovation, improvement, and maintenance of residential and commercial pools. Also, in some southern European countries, the company supplements its core pool and wellness business with irrigation and landscaping accessories for gardens that are often adjacent to pools The Business Divisions of the company are EMEA, North America, and APAC.
77GF Score

Get the complete analysis for CHIX:FDRE

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

€18.74
Price
€23.05
GF Value