Aurubis AG (CHIX:NDAD) Cyclically Adjusted PB Ratio: 2.19 (As of Jul. 25, 2026) — 83% Above Median

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CHIX:NDAD Aurubis AG CHIX:NDAD
74 GF Score
Price €193.10
GF Value €109.41
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Aurubis AG Cyclically Adjusted PB Ratio?

Aurubis AG CHIX:NDAD 74 Cyclically Adjusted PB Ratio is 2.19 as of Jul. 25, 2026, which is 83% above its 10-year median of 1.20. GuruFocus rates CHIX:NDAD with a GF Score™ of 74/100 and a GF Value™ of €109.41 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,280 Industrial Products companies, Aurubis AG ranks better than 53.68% on this metric.

As of today (2026-07-25), Aurubis AG's current share price is €193.10. Aurubis AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €88.21. Aurubis AG's Cyclically Adjusted PB Ratio for today is 2.19.

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

CHIX:NDAd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.2   Max: 2.46
Current: 2.03

During the past years, Aurubis AG's highest Cyclically Adjusted PB Ratio was 2.46. The lowest was 0.70. And the median was 1.20.

CHIX:NDAd's Cyclically Adjusted PB Ratio is ranked better than
53.68% of 2280 companies
in the Industrial Products industry
Industry Median: 2.12 vs CHIX:NDAd: 2.03

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.

Aurubis AG's adjusted book value per share data for the three months ended in Mar. 2026 was €132.069. 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 €88.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aurubis AG  (CHIX:NDAd) 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.


Aurubis AG Cyclically Adjusted PB Ratio Related Terms


Aurubis AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aurubis AG'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.

Aurubis AG Cyclically Adjusted PB Ratio Chart

Aurubis AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.21 0.87 1.01 0.87 1.28

Aurubis AG 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 1.10 1.09 1.28 1.46 1.70

CHIX:NDAD vs CRS, ATI, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Aurubis AG'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.


Aurubis AG Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


CHIX:NDAD
74GF Score
Aurubis AG CHIX:NDAD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aurubis AG 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.

Aurubis AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=193.10/88.21
=2.19

* 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.

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

For example, Aurubis AG'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)
=132.069/131.2583*131.2583
=132.069

Current CPI (Mar. 2026) = 131.2583.

Aurubis AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 42.925 100.717 55.942
201609 44.228 101.017 57.469
201612 46.636 101.217 60.478
201703 48.421 101.417 62.669
201706 50.482 102.117 64.888
201709 52.554 102.717 67.157
201712 55.319 102.617 70.759
201803 54.940 102.917 70.069
201806 56.553 104.017 71.364
201809 57.072 104.718 71.537
201812 56.820 104.217 71.563
201903 57.162 104.217 71.994
201906 56.799 105.718 70.521
201909 57.772 106.018 71.526
201912 60.623 105.818 75.198
202003 58.153 105.718 72.202
202006 62.576 106.618 77.038
202009 64.812 105.818 80.394
202012 56.230 105.518 69.947
202103 70.861 107.518 86.507
202106 58.453 108.486 70.723
202109 78.842 109.435 94.565
202112 63.342 110.384 75.321
202203 90.563 113.968 104.302
202206 92.283 115.760 104.638
202209 97.518 118.818 107.728
202212 98.949 119.345 108.826
202303 98.693 122.402 105.834
202306 98.815 123.140 105.329
202309 97.213 124.195 102.742
202312 98.129 123.773 104.064
202403 98.071 125.038 102.950
202406 101.791 125.882 106.139
202409 104.331 126.198 108.515
202412 110.813 127.041 114.491
202503 114.501 127.779 117.619
202506 114.203 128.412 116.735
202509 114.822 129.255 116.601
202512 122.060 129.361 123.851
202603 132.069 131.258 132.069

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 2.19 mean?
Aurubis AG (CHIX:NDAD) has a Cyclically Adjusted PB Ratio of 2.19 as of Jul. 25, 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 Aurubis AG and its competitors. This is 83% above median its historical median of 1.20. Over the past decade, Aurubis AG's Cyclically Adjusted PB Ratio has ranged from 0.70 to 2.46. According to the industry distribution chart, Aurubis AG ranks #1056 out of 2280 companies in the Industrial Products industry, placing it in the top 46.3%.
Is Aurubis AG's Cyclically Adjusted PB Ratio too high?
Aurubis AG's current Cyclically Adjusted PB Ratio of 2.19 is 83% above median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 2.46. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Aurubis AG's value of 2.19 is 3.3% above this industry median. Based on the distribution chart, Aurubis AG ranks #1056 out of 2280 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Aurubis AG has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aurubis AG's Cyclically Adjusted PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Aurubis AG ranks #1056 out of 2280 companies for Cyclically Adjusted PB Ratio. This puts Aurubis AG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Aurubis AG's value of 2.19 is 3.3% above this benchmark. Historically, Aurubis AG's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 2.46 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 2.12, Aurubis AG 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 2,280 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. Aurubis AG's current Cyclically Adjusted PB Ratio of 2.19 is 3.3% 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 Aurubis AG 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. Aurubis AG's current Cyclically Adjusted PB Ratio is 2.19, which is 83% above median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aurubis AG stock overvalued right now?
Based on GuruFocus' analysis, Aurubis AG (CHIX:NDAD) is currently considered Significantly Overvalued. The stock's GF Value™ is €109.41, compared to a current price of €193.10 — trading 76.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.19, which is 83% above median its 10-year median of 1.20 and 3.3% above the Industrial Products industry median of 2.12. Aurubis AG's overall GF Score™ is 74/100 with 4 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 Aurubis AG (CHIX:NDAD), the current Cyclically Adjusted PB Ratio is 2.19 as of Jul. 25, 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 Aurubis AG (CHIX:NDAD) Overvalued in 2026?

Based on GuruFocus' analysis, Aurubis AG stock appears to be overvalued. The current stock price of €193.10 is trading 76.5% above its estimated GF Value™ of €109.41. GuruFocus considers Aurubis AG to be Significantly Overvalued.

Key valuation signals for CHIX:NDAD:

  • Cyclically Adjusted PB Ratio: 2.19 (83% above median its 10-year median of 1.20)
  • GF Value™: €109.41 vs. price of €193.10 (76.5% above fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 3.3% above the Industrial Products median (#1056 of 2280)

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


Aurubis AG Business Description

Address Hovestrasse 50, Hamburg, BY, DEU, 20539
Aurubis AG produces copper, using raw materials which include copper concentrates and recycling materials. The company also produces precious metals such as gold and silver and a range of other products, including sulfuric acid and iron silicate, as byproducts of copper production. Revenue is predominantly generated through the sale of continuous cast wire rods, copper cathodes, precious metals, and continuous cast shapes, used in the manufacture of cables and wires, which are used in electrical applications. It has two segments, Multimetal Recycling and Custom Smelting & Products, which is the key revenue-generating segment. The company is based in Germany and has production sites across Europe and the United States.
74GF Score

Get the complete analysis for CHIX:NDAD

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

€193.10
Price
€109.41
GF Value