STEF (CHIX:STFP) Cyclically Adjusted PB Ratio: 1.69 (As of Jul. 09, 2026) — 13% Below Median


CHIX:STFP STEF CHIX:STFP
85 GF Score
Price €123.80
GF Value €125.13
Valuation Fairly Valued
! 6 Warning Signs
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What is STEF Cyclically Adjusted PB Ratio?

STEF CHIX:STFP 85 Cyclically Adjusted PB Ratio is 1.69 as of Jul. 09, 2026, which is 13% below its 10-year median of 1.94. GuruFocus rates CHIX:STFP with a GF Score™ of 85/100 and a GF Value™ of €125.13 (Fairly Valued). The stock has 6 warning signs investors should review. Among 738 Transportation companies, STEF ranks worse than 59.35% on this metric.

As of today (2026-07-09), STEF's current share price is €123.80. STEF's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €73.12. STEF's Cyclically Adjusted PB Ratio for today is 1.69.

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

CHIX:STFp' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 1.94   Max: 3.3
Current: 1.5

During the past 13 years, STEF's highest Cyclically Adjusted PB Ratio was 3.30. The lowest was 1.44. And the median was 1.94.

CHIX:STFp's Cyclically Adjusted PB Ratio is ranked worse than
59.35% of 738 companies
in the Transportation industry
Industry Median: 1.25 vs CHIX:STFp: 1.50

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.

STEF's adjusted book value per share data of for the fiscal year that ended in Dec25 was €103.695. 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 €73.12 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


STEF  (CHIX:STFp) 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.


STEF Cyclically Adjusted PB Ratio Related Terms


STEF Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for STEF'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.

STEF Cyclically Adjusted PB Ratio Chart

STEF 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 1.98 1.52 1.70 1.77 1.64

STEF 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 1.70 0.00 1.77 0.00 1.64

CHIX:STFP vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, STEF'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.


STEF Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, STEF's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:STFP
85GF Score
STEF CHIX:STFP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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STEF 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=123.80/73.12
=1.69

* 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.

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

For example, STEF'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)
=103.695/120.9000*120.9000
=103.695

Current CPI (Dec25) = 120.9000.

STEF Annual Data

Book Value per Share CPI Adj_Book
201612 45.339 100.650 54.461
201712 50.810 101.850 60.313
201812 56.198 103.470 65.665
201912 61.414 104.980 70.727
202012 66.566 104.960 76.675
202112 73.645 107.850 82.556
202212 83.695 114.160 88.636
202312 95.324 118.390 97.345
202412 101.867 119.950 102.674
202512 103.695 120.900 103.695

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 1.69 mean?
STEF (CHIX:STFP) has a Cyclically Adjusted PB Ratio of 1.69 as of Jul. 09, 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 STEF and its competitors. This is 13% below median its historical median of 1.94. Over the past decade, STEF's Cyclically Adjusted PB Ratio has ranged from 1.44 to 3.30. According to the industry distribution chart, STEF ranks #438 out of 738 companies in the Transportation industry, placing it in the top 59.3%.
Is STEF's Cyclically Adjusted PB Ratio too high?
STEF's current Cyclically Adjusted PB Ratio of 1.69 is 13% below median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 3.30. The Transportation industry median Cyclically Adjusted PB Ratio is 1.25. STEF's value of 1.69 is 35.2% above this industry median. Based on the distribution chart, STEF ranks #438 out of 738 companies in the Transportation industry, which is below the industry midpoint. Overall, STEF has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does STEF's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, STEF ranks #438 out of 738 companies for Cyclically Adjusted PB Ratio. This places STEF in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. STEF's value of 1.69 is 35.2% above this benchmark. Historically, STEF's own Cyclically Adjusted PB Ratio has ranged from 1.44 to 3.30 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 1.25, STEF 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.25, based on 738 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. STEF's current Cyclically Adjusted PB Ratio of 1.69 is 35.2% 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 STEF and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. STEF's current Cyclically Adjusted PB Ratio is 1.69, which is 13% below median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is STEF stock overvalued right now?
Based on GuruFocus' analysis, STEF (CHIX:STFP) is currently considered Fairly Valued. The stock's GF Value™ is €125.13, compared to a current price of €123.80 — trading 1.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.69, which is 13% below median its 10-year median of 1.94 and 35.2% above the Transportation industry median of 1.25. STEF's overall GF Score™ is 85/100 with 6 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 STEF (CHIX:STFP), the current Cyclically Adjusted PB Ratio is 1.69 as of Jul. 09, 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 STEF (CHIX:STFP) Overvalued in 2026?

Based on GuruFocus' analysis, STEF stock appears to be undervalued. The current stock price of €123.80 is trading 1.1% below its estimated GF Value™ of €125.13. GuruFocus considers STEF to be Fairly Valued.

Key valuation signals for CHIX:STFP:

  • Cyclically Adjusted PB Ratio: 1.69 (13% below median its 10-year median of 1.94)
  • GF Value™: €125.13 vs. price of €123.80 (1.1% below fair value)
  • GF Score™: 85/100 with 6 warning signs
  • Industry Position: 35.2% above the Transportation median (#438 of 738)

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


STEF Business Description

Address 93, Boulevard Malesherbes, Paris, FRA, 75008
STEF is a transport and logistics company domiciled in France. The company provides temperature-controlled logistics and transport services for fresh, frozen, and thermosensitive products from their production sites to consumption sites under suitable conditions in terms of food safety, time, and quality. The group's operating segments include France, International, and Others. The majority of its revenue is generated from the France segment, which provides transport, logistics, and packaging activities in France and is grouped under the name STEF France. The International segment represents its activities in Italy, Spain, Portugal, Belgium, the Netherlands, Switzerland, and the United Kingdom and is grouped in the STEF International Division, which also covers European consignments.
85GF Score

Get the complete analysis for CHIX:STFP

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

€123.80
Price
€125.13
GF Value