Ferro (FRA:0MN) Cyclically Adjusted PB Ratio: 1.48 (As of Sep. 15, 2026) — 19% Below Median

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Director of Data and Quant Analytics at GuruFocus
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FRA:0MN Ferro SA FRA:0MN
85 GF Score
Price €6.90
GF Value €7.25
Valuation Fairly Valued
! 5 Warning Signs
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What is Ferro Cyclically Adjusted PB Ratio?

Ferro FRA:0MN -0.56% 85 Cyclically Adjusted PB Ratio is 1.48 as of Sep. 15, 2026, which is 19% below its 10-year median of 1.82. GuruFocus rates FRA:0MN with a GF Score™ of 85/100 and a GF Value™ of €7.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,239 Construction companies, Ferro ranks worse than 61.18% on this metric.

As of today (2026-09-15), Ferro's current share price is €6.90. Ferro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.67. Ferro's Cyclically Adjusted PB Ratio for today is 1.48.

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

FRA:0MN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.82   Max: 3.63
Current: 1.58

During the past years, Ferro's highest Cyclically Adjusted PB Ratio was 3.63. The lowest was 1.10. And the median was 1.82.

FRA:0MN's Cyclically Adjusted PB Ratio is ranked worse than
61.18% of 1239 companies
in the Construction industry
Industry Median: 1.14 vs FRA:0MN: 1.58

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.

Ferro's adjusted book value per share data for the three months ended in Mar. 2026 was €5.294. 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 €4.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferro  (FRA:0MN) 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.


Ferro Cyclically Adjusted PB Ratio Related Terms


Ferro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ferro'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.

Ferro Cyclically Adjusted PB Ratio Chart

Ferro 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 2.34 1.25 1.75 1.88 1.32

Ferro 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 1.89 1.90 1.55 1.35 1.30

FRA:0MN vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Ferro'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.


Ferro Cyclically Adjusted PB Ratio vs Construction Industry

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

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


FRA:0MN
85GF Score
Ferro SA FRA:0MN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferro 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.90/4.671
=1.48

* 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.

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

For example, Ferro'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)
=5.294/163.0700*163.0700
=5.294

Current CPI (Mar. 2026) = 163.0700.

Ferro Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.133 99.552 3.494
201609 2.246 99.064 3.697
201612 2.285 100.366 3.713
201703 2.418 101.018 3.903
201706 2.302 101.180 3.710
201709 2.441 101.343 3.928
201712 2.237 102.564 3.557
201803 2.398 102.564 3.813
201806 2.338 103.378 3.688
201809 2.493 103.378 3.932
201812 2.556 103.785 4.016
201903 2.694 104.274 4.213
201906 2.580 105.983 3.970
201909 2.689 105.983 4.137
201912 2.772 107.123 4.220
202003 2.742 109.076 4.099
202006 2.945 109.402 4.390
202009 3.049 109.320 4.548
202012 3.234 109.565 4.813
202103 3.601 112.658 5.212
202106 3.808 113.960 5.449
202109 3.951 115.588 5.574
202112 4.111 119.088 5.629
202203 4.351 125.031 5.675
202206 4.147 131.705 5.135
202209 4.274 135.531 5.142
202212 4.478 139.113 5.249
202303 4.714 145.950 5.267
202306 4.611 147.009 5.115
202309 4.662 146.113 5.203
202312 4.941 147.741 5.454
202403 5.092 149.044 5.571
202406 4.565 150.997 4.930
202409 4.856 153.439 5.161
202412 4.988 154.660 5.259
202503 5.295 157.021 5.499
202506 4.658 157.509 4.822
202509 4.904 158.000 5.061
202512 5.149 158.320 5.303
202603 5.294 163.070 5.294

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 1.48 mean?
Ferro (FRA:0MN) has a Cyclically Adjusted PB Ratio of 1.48 as of Sep. 15, 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 Ferro and its competitors. This is 19% below median its historical median of 1.82. Over the past decade, Ferro's Cyclically Adjusted PB Ratio has ranged from 1.10 to 3.63. According to the industry distribution chart, Ferro ranks #758 out of 1239 companies in the Construction industry, placing it in the top 61.2%.
Is Ferro's Cyclically Adjusted PB Ratio too high?
Ferro's current Cyclically Adjusted PB Ratio of 1.48 is 19% below median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 3.63. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Ferro's value of 1.48 is 29.8% above this industry median. Based on the distribution chart, Ferro ranks #758 out of 1239 companies in the Construction industry, which is below the industry midpoint. Overall, Ferro has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ferro's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Ferro ranks #758 out of 1239 companies for Cyclically Adjusted PB Ratio. This places Ferro in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Ferro's value of 1.48 is 29.8% above this benchmark. Historically, Ferro's own Cyclically Adjusted PB Ratio has ranged from 1.10 to 3.63 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 1.14, Ferro 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,239 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. Ferro's current Cyclically Adjusted PB Ratio of 1.48 is 29.8% 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 Ferro and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferro's current Cyclically Adjusted PB Ratio is 1.48, which is 19% below median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferro stock overvalued right now?
Based on GuruFocus' analysis, Ferro (FRA:0MN) is currently considered Fairly Valued. The stock's GF Value™ is €7.25, compared to a current price of €6.90 — trading 4.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.48, which is 19% below median its 10-year median of 1.82 and 29.8% above the Construction industry median of 1.14. Ferro's overall GF Score™ is 85/100 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 Ferro (FRA:0MN), the current Cyclically Adjusted PB Ratio is 1.48 as of Sep. 15, 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 Ferro (FRA:0MN) Overvalued in 2026?

Based on GuruFocus' analysis, Ferro stock appears to be undervalued. The current stock price of €6.90 is trading 4.8% below its estimated GF Value™ of €7.25. GuruFocus considers Ferro to be Fairly Valued.

Key valuation signals for FRA:0MN:

  • Cyclically Adjusted PB Ratio: 1.48 (19% below median its 10-year median of 1.82)
  • GF Value™: €7.25 vs. price of €6.90 (4.8% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 29.8% above the Construction median (#758 of 1239)

No single metric tells the full story. See the FRA:0MN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ferro Business Description

Other Exchanges FRO:Poland
Address ul. Przemyslowa 7, Skawina, POL, 32-050
Ferro SA is a Poland based company involved in manufacturing and selling sanitary installation and heating fittings, and sanitation equipment in Central and Eastern Europe. It offers mixers, showers, sinks, bathroom accessories, shower trays and bathtubs, water valves, measurement fittings and bathroom heaters among other products.
85GF Score

Get the complete analysis for FRA:0MN

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

€6.90
Price
€7.25
GF Value