Valmet Oyj (CHIX:VALMTH) Cyclically Adjusted PB Ratio: 2.04 (As of Jul. 09, 2026) — 31% Below Median


CHIX:VALMTH Valmet Oyj CHIX:VALMTH
76 GF Score
Price €21.57
GF Value €25.79
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Valmet Oyj Cyclically Adjusted PB Ratio?

Valmet Oyj CHIX:VALMTH 76 Cyclically Adjusted PB Ratio is 2.04 as of Jul. 09, 2026, which is 31% below its 10-year median of 2.96. GuruFocus rates CHIX:VALMTH with a GF Score™ of 76/100 and a GF Value™ of €25.79 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,295 Industrial Products companies, Valmet Oyj ranks better than 53.29% on this metric.

As of today (2026-07-09), Valmet Oyj's current share price is €21.57. Valmet Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €10.55. Valmet Oyj's Cyclically Adjusted PB Ratio for today is 2.04.

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

CHIX:VALMTh' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.11   Med: 2.96   Max: 4.44
Current: 2.11

During the past years, Valmet Oyj's highest Cyclically Adjusted PB Ratio was 4.44. The lowest was 2.11. And the median was 2.96.

CHIX:VALMTh's Cyclically Adjusted PB Ratio is ranked better than
53.29% of 2295 companies
in the Industrial Products industry
Industry Median: 2.29 vs CHIX:VALMTh: 2.11

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.

Valmet Oyj's adjusted book value per share data for the three months ended in Mar. 2026 was €13.059. 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 €10.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Valmet Oyj  (CHIX:VALMTh) 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.


Valmet Oyj Cyclically Adjusted PB Ratio Related Terms


Valmet Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Valmet Oyj'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.

Valmet Oyj Cyclically Adjusted PB Ratio Chart

Valmet Oyj 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 3.33 3.10 2.54 2.87

Valmet Oyj 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 2.65 2.76 2.91 2.87 2.39

CHIX:VALMTH vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Valmet Oyj'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.


Valmet Oyj Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


CHIX:VALMTH
76GF Score
Valmet Oyj CHIX:VALMTH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Valmet Oyj 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.

Valmet Oyj's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.57/10.55
=2.04

* 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.

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

For example, Valmet Oyj'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)
=13.059/124.6700*124.6700
=13.059

Current CPI (Mar. 2026) = 124.6700.

Valmet Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.585 100.390 6.936
201609 5.685 100.540 7.049
201612 5.879 101.020 7.255
201703 5.605 100.910 6.925
201706 5.819 101.140 7.173
201709 5.952 101.320 7.324
201712 6.092 101.510 7.482
201803 5.521 101.730 6.766
201806 5.634 102.320 6.865
201809 5.828 102.600 7.082
201812 6.309 102.710 7.658
201903 5.821 102.870 7.055
201906 5.962 103.360 7.191
201909 6.136 103.540 7.388
201912 6.951 103.650 8.361
202003 6.716 103.490 8.090
202006 6.428 103.320 7.756
202009 6.816 103.710 8.194
202012 7.606 103.890 9.127
202103 7.179 104.870 8.534
202106 7.613 105.360 9.008
202109 8.102 106.290 9.503
202112 8.871 107.490 10.289
202203 8.340 110.950 9.371
202206 12.775 113.570 14.024
202209 13.226 114.920 14.348
202212 13.541 117.320 14.389
202303 12.501 119.750 13.015
202306 12.934 120.690 13.361
202309 13.488 121.280 13.865
202312 13.928 121.540 14.287
202403 12.934 122.360 13.178
202406 13.211 122.230 13.475
202409 13.417 122.260 13.681
202412 14.156 122.390 14.420
202503 13.137 123.010 13.314
202506 12.871 122.530 13.096
202509 13.369 122.880 13.564
202512 14.026 122.670 14.255
202603 13.059 124.670 13.059

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 2.04 mean?
Valmet Oyj (CHIX:VALMTH) has a Cyclically Adjusted PB Ratio of 2.04 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 Valmet Oyj and its competitors. This is 31% below median its historical median of 2.96. Over the past decade, Valmet Oyj's Cyclically Adjusted PB Ratio has ranged from 2.11 to 4.44. According to the industry distribution chart, Valmet Oyj ranks #1072 out of 2295 companies in the Industrial Products industry, placing it in the top 46.7%.
Is Valmet Oyj's Cyclically Adjusted PB Ratio too high?
Valmet Oyj's current Cyclically Adjusted PB Ratio of 2.04 is 31% below median its 10-year median of 2.96. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 4.44. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.29. Valmet Oyj's value of 2.04 is 10.9% below this industry median. Based on the distribution chart, Valmet Oyj ranks #1072 out of 2295 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Valmet Oyj has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Valmet Oyj's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Valmet Oyj ranks #1072 out of 2295 companies for Cyclically Adjusted PB Ratio. This puts Valmet Oyj in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.29. Valmet Oyj's value of 2.04 is 10.9% below this benchmark. Historically, Valmet Oyj's own Cyclically Adjusted PB Ratio has ranged from 2.11 to 4.44 over the past decade. While the company's 10-year median is 2.96 vs. the industry median of 2.29, Valmet Oyj has consistently been below 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 2.29, based on 2,295 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. Valmet Oyj's current Cyclically Adjusted PB Ratio of 2.04 is 10.9% below 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 Valmet Oyj and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Valmet Oyj's current Cyclically Adjusted PB Ratio is 2.04, which is 31% below median its own 10-year median of 2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valmet Oyj stock overvalued right now?
Based on GuruFocus' analysis, Valmet Oyj (CHIX:VALMTH) is currently considered Modestly Undervalued. The stock's GF Value™ is €25.79, compared to a current price of €21.57 — trading 16.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.04, which is 31% below median its 10-year median of 2.96 and 10.9% below the Industrial Products industry median of 2.29. Valmet Oyj's overall GF Score™ is 76/100 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 Valmet Oyj (CHIX:VALMTH), the current Cyclically Adjusted PB Ratio is 2.04 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 Valmet Oyj (CHIX:VALMTH) Overvalued in 2026?

Based on GuruFocus' analysis, Valmet Oyj stock appears to be undervalued. The current stock price of €21.57 is trading 16.4% below its estimated GF Value™ of €25.79. GuruFocus considers Valmet Oyj to be Modestly Undervalued.

Key valuation signals for CHIX:VALMTH:

  • Cyclically Adjusted PB Ratio: 2.04 (31% below median its 10-year median of 2.96)
  • GF Value™: €25.79 vs. price of €21.57 (16.4% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 10.9% below the Industrial Products median (#1072 of 2295)

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


Valmet Oyj Business Description

Address Keilasatama 5, P.O. Box 11, Espoo, FIN, 02150
Valmet Oyj is a Finland-based company that supplies technologies, automation solutions, and other services to customers in the pulp, paper, packaging, tissue, and energy industries. The company operates in two segments; Biomaterial Solutions and Services, covering pulp, energy, circularity, packaging, paper, and tissue; and Process Performance Solutions, focusing on flow control and automation technologies. The company generates maximum revenue from the Biomaterial Solutions and Services segment.
76GF Score

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

€21.57
Price
€25.79
GF Value