SMCP (CHIX:SMCPP) Cyclically Adjusted PB Ratio: (As of Jul. 24, 2026)

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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.

CHIX:SMCPP SMCP SA CHIX:SMCPP
60 GF Score
Price €5.18
GF Value €3.41
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SMCP Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


SMCP  (CHIX:SMCPp) 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.


SMCP Cyclically Adjusted PB Ratio Related Terms


SMCP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SMCP'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.

SMCP Cyclically Adjusted PB Ratio Chart

SMCP 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 0.28 0.27 0.41

SMCP Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.28 0.00 0.27 0.00 0.41

CHIX:SMCPP vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, SMCP'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.


SMCP Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, SMCP's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:SMCPP
60GF Score
SMCP SA CHIX:SMCPP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SMCP 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.

SMCP's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, SMCP's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=15.055/120.9000*120.9000
=15.055

Current CPI (Dec25) = 120.9000.

SMCP Annual Data

Book Value per Share CPI Adj_Book
201612 1.065 100.650 1.279
201712 14.788 101.850 17.554
201812 15.608 103.470 18.237
201912 16.218 104.980 18.677
202012 14.810 104.960 17.059
202112 15.009 107.850 16.825
202212 15.691 114.160 16.617
202312 15.758 118.390 16.092
202412 15.430 119.950 15.552
202512 15.055 120.900 15.055

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 SMCP (CHIX:SMCPP) Overvalued in 2026?

Based on GuruFocus' analysis, SMCP stock appears to be overvalued. The current stock price of €5.18 is trading 51.8% above its estimated GF Value™ of €3.41. GuruFocus considers SMCP to be Significantly Overvalued.

Key valuation signals for CHIX:SMCPP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.41 vs. price of €5.18 (51.8% above fair value)
  • GF Score™: 60/100 with 3 warning signs

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


SMCP Business Description

Address 49, Rue Etienne Marcel, Paris, FRA, 75001
SMCP SA is an international apparel and accessories retail group. The company's products include womenswear, menswear, and accessories, which are sold through a network of points of sale and websites under four brands: Sandro, Maje, Claudie Pierlot, and Fursac. It generates maximum revenue from the Sandro segment.
60GF Score

Get the complete analysis for CHIX:SMCPP

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

€5.18
Price
€3.41
GF Value