Munters Group AB (CHIX:MTRSS) Cyclically Adjusted PB Ratio: 6.42 (As of Jul. 22, 2026) — Near Median

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CHIX:MTRSS Munters Group AB CHIX:MTRSS
89 GF Score
Price kr175.33
GF Value kr176.52
Valuation Fairly Valued
! 5 Warning Signs
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What is Munters Group AB Cyclically Adjusted PB Ratio?

Munters Group AB CHIX:MTRSS 89 Cyclically Adjusted PB Ratio is 6.42 as of Jul. 22, 2026, which is 3% above its 10-year median of 6.21. GuruFocus rates CHIX:MTRSS with a GF Score™ of 89/100 and a GF Value™ of kr176.52 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,285 Industrial Products companies, Munters Group AB ranks worse than 84.68% on this metric.

As of today (2026-07-22), Munters Group AB's current share price is kr175.325. Munters Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr27.29. Munters Group AB's Cyclically Adjusted PB Ratio for today is 6.42.

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

CHIX:MTRSs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.26   Med: 6.21   Max: 7.78
Current: 6.65

During the past years, Munters Group AB's highest Cyclically Adjusted PB Ratio was 7.78. The lowest was 4.26. And the median was 6.21.

CHIX:MTRSs's Cyclically Adjusted PB Ratio is ranked worse than
84.68% of 2285 companies
in the Industrial Products industry
Industry Median: 2.12 vs CHIX:MTRSs: 6.65

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.

Munters Group AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr28.815. 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 kr27.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Munters Group AB  (CHIX:MTRSs) 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.


Munters Group AB Cyclically Adjusted PB Ratio Related Terms


Munters Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Munters Group AB'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.

Munters Group AB Cyclically Adjusted PB Ratio Chart

Munters Group AB 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 6.37

Munters Group AB 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 5.36 4.24 6.37 6.13 6.33

CHIX:MTRSS vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Munters Group AB'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.


Munters Group AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


CHIX:MTRSS
89GF Score
Munters Group AB CHIX:MTRSS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munters Group AB 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.

Munters Group AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=175.325/27.29
=6.42

* 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.

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

For example, Munters Group AB'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)
=28.815/134.1100*134.1100
=28.815

Current CPI (Jun. 2026) = 134.1100.

Munters Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 101.138 0.000
201612 4.118 102.022 5.413
201703 3.834 102.022 5.040
201706 19.559 102.752 25.528
201709 19.227 103.279 24.967
201712 20.414 103.793 26.377
201803 21.237 103.962 27.396
201806 22.282 104.875 28.493
201809 21.999 105.679 27.917
201812 20.419 105.912 25.855
201903 20.870 105.886 26.433
201906 21.391 106.742 26.876
201909 20.771 107.214 25.982
201912 19.962 107.766 24.842
202003 21.492 106.563 27.048
202006 20.441 107.498 25.501
202009 20.678 107.635 25.764
202012 20.591 108.296 25.499
202103 22.499 108.360 27.846
202106 22.077 108.928 27.181
202109 23.187 110.338 28.183
202112 24.012 112.486 28.628
202203 24.977 114.825 29.172
202206 26.963 118.384 30.545
202209 29.765 122.296 32.640
202212 29.126 126.365 30.911
202303 30.343 127.042 32.031
202306 31.956 129.407 33.117
202309 32.747 130.224 33.724
202312 28.802 131.912 29.282
202403 29.912 132.205 30.343
202406 30.574 132.716 30.895
202409 29.593 132.304 29.997
202412 32.289 132.987 32.562
202503 29.802 132.825 30.090
202506 27.397 133.699 27.481
202509 27.769 133.480 27.900
202512 26.613 133.390 26.757
202603 28.290 133.560 28.406
202606 28.815 134.110 28.815

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 6.42 mean?
Munters Group AB (CHIX:MTRSS) has a Cyclically Adjusted PB Ratio of 6.42 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 Munters Group AB and its competitors. This is near median its historical median of 6.21. Over the past decade, Munters Group AB's Cyclically Adjusted PB Ratio has ranged from 4.26 to 7.78. According to the industry distribution chart, Munters Group AB ranks #1935 out of 2285 companies in the Industrial Products industry, placing it in the top 84.7%.
Is Munters Group AB's Cyclically Adjusted PB Ratio too high?
Munters Group AB's current Cyclically Adjusted PB Ratio of 6.42 is near median its 10-year median of 6.21. Over the past 10 years, this metric has ranged from a low of 4.26 to a high of 7.78. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Munters Group AB's value of 6.42 is 202.8% above this industry median. Based on the distribution chart, Munters Group AB ranks #1935 out of 2285 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Munters Group AB has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Munters Group AB's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Munters Group AB ranks #1935 out of 2285 companies for Cyclically Adjusted PB Ratio. This places Munters Group AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Munters Group AB's value of 6.42 is 202.8% above this benchmark. Historically, Munters Group AB's own Cyclically Adjusted PB Ratio has ranged from 4.26 to 7.78 over the past decade. While the company's 10-year median is 6.21 vs. the industry median of 2.12, Munters Group AB 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,285 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. Munters Group AB's current Cyclically Adjusted PB Ratio of 6.42 is 202.8% 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 Munters Group AB and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munters Group AB's current Cyclically Adjusted PB Ratio is 6.42, which is near median its own 10-year median of 6.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munters Group AB stock overvalued right now?
Based on GuruFocus' analysis, Munters Group AB (CHIX:MTRSS) is currently considered Fairly Valued. The stock's GF Value™ is kr176.52, compared to a current price of kr175.33 — trading 0.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.42, which is near median its 10-year median of 6.21 and 202.8% above the Industrial Products industry median of 2.12. Munters Group AB's overall GF Score™ is 89/100 with 5 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 Munters Group AB (CHIX:MTRSS), the current Cyclically Adjusted PB Ratio is 6.42 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.

Is Munters Group AB (CHIX:MTRSS) Overvalued in 2026?

Based on GuruFocus' analysis, Munters Group AB stock appears to be undervalued. The current stock price of kr175.33 is trading 0.7% below its estimated GF Value™ of kr176.52. GuruFocus considers Munters Group AB to be Fairly Valued.

Key valuation signals for CHIX:MTRSS:

  • Cyclically Adjusted PB Ratio: 6.42 (near median its 10-year median of 6.21)
  • GF Value™: kr176.52 vs. price of kr175.33 (0.7% below fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 202.8% above the Industrial Products median (#1935 of 2285)

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


Munters Group AB Business Description

Address Borgarfjordsgatan 16, Box 1188, Kista, SWE, SE-164 40
Munters Group AB is a provider of energy-efficient air treatment and climate control solutions predominantly within the food, pharmaceutical and data center and other sectors. The company operates in segments, which are: AirTech, Data Center Technologies, and FoodTech. The majority of the revenue is generated from its AirTech segment, which manufactures and markets products and solutions for controlling humidity and improving the indoor climate. Geographically, a majority of its revenue is generated from the United States and the rest from China, Germany, the United Kingdom, Canada, Sweden, Australia, France, Denmark, Poland, Mexico, and other markets.
89GF Score

Get the complete analysis for CHIX:MTRSS

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

kr175.33
Price
kr176.52
GF Value