Orion (FRA:0OE) Cyclically Adjusted PB Ratio: 1.11 (As of Aug. 16, 2026) — 75% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:0OE Orion SA FRA:0OE
55 GF Score
Price €5.25
GF Value €11.37
! 6 Warning Signs
View Full Analysis

What is Orion Cyclically Adjusted PB Ratio?

Orion FRA:0OE -1.87% 55 Cyclically Adjusted PB Ratio is 1.11 as of Aug. 16, 2026, which is 75% below its 10-year median of 4.40. GuruFocus rates FRA:0OE with a GF Score™ of 55/100 and a GF Value™ of €11.37. The stock has 6 warning signs investors should review. Among 1,203 Chemicals companies, Orion ranks better than 64.01% on this metric.

As of today (2026-08-16), Orion's current share price is €5.25. Orion's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €4.75. Orion's Cyclically Adjusted PB Ratio for today is 1.11.

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

FRA:0OE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 4.4   Max: 10.03
Current: 1.16

During the past years, Orion's highest Cyclically Adjusted PB Ratio was 10.03. The lowest was 0.94. And the median was 4.40.

FRA:0OE's Cyclically Adjusted PB Ratio is ranked better than
64.01% of 1203 companies
in the Chemicals industry
Industry Median: 1.68 vs FRA:0OE: 1.16

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.

Orion's adjusted book value per share data for the three months ended in Jun. 2026 was €5.840. 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 €4.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orion  (FRA:0OE) 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.


Orion Cyclically Adjusted PB Ratio Related Terms


Orion Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orion'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.

Orion Cyclically Adjusted PB Ratio Chart

Orion 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 6.70 8.13 3.62 1.04

Orion Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.19 1.52 1.04 1.22 1.20

FRA:0OE vs GEVO, ALTO, MATV: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Orion'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.


Orion Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Orion's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:0OE
55GF Score
Orion SA FRA:0OE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orion 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.25/4.75
=1.11

* 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.

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

For example, Orion's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.84/333.9520*333.9520
=5.840

Current CPI (Jun. 2026) = 333.9520.

Orion Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.755 241.428 1.044
201612 0.889 241.432 1.230
201703 1.182 243.801 1.619
201706 1.087 244.955 1.482
201709 1.060 246.819 1.434
201712 1.358 246.524 1.840
201803 1.417 249.554 1.896
201806 1.885 251.989 2.498
201809 2.122 252.439 2.807
201812 2.347 251.233 3.120
201903 2.510 254.202 3.297
201906 2.459 256.143 3.206
201909 2.658 256.759 3.457
201912 2.780 256.974 3.613
202003 2.496 258.115 3.229
202006 2.214 257.797 2.868
202009 2.206 260.280 2.830
202012 2.460 260.474 3.154
202103 2.812 264.877 3.545
202106 4.138 271.696 5.086
202109 4.384 274.310 5.337
202112 4.665 278.802 5.588
202203 5.650 287.504 6.563
202206 6.154 296.311 6.936
202209 7.153 296.808 8.048
202212 7.160 296.797 8.056
202303 7.247 301.836 8.018
202306 7.306 305.109 7.997
202309 7.773 307.789 8.434
202312 7.578 306.746 8.250
202403 7.766 312.332 8.304
202406 8.022 314.175 8.527
202409 7.435 315.301 7.875
202412 7.923 315.605 8.384
202503 7.636 319.799 7.974
202506 7.216 322.561 7.471
202509 6.097 324.800 6.269
202512 5.849 324.054 6.028
202603 5.821 330.213 5.887
202606 5.840 333.952 5.840

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 1.11 mean?
Orion (FRA:0OE) has a Cyclically Adjusted PB Ratio of 1.11 as of Aug. 16, 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 Orion and its competitors. This is 75% below median its historical median of 4.40. Over the past decade, Orion's Cyclically Adjusted PB Ratio has ranged from 0.94 to 10.03. According to the industry distribution chart, Orion ranks #433 out of 1203 companies in the Chemicals industry, placing it in the top 36%.
Is Orion's Cyclically Adjusted PB Ratio too high?
Orion's current Cyclically Adjusted PB Ratio of 1.11 is 75% below median its 10-year median of 4.40. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 10.03. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.68. Orion's value of 1.11 is 33.9% below this industry median. Based on the distribution chart, Orion ranks #433 out of 1203 companies in the Chemicals industry, which is above the industry midpoint. Overall, Orion has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Orion's Cyclically Adjusted PB Ratio compare to GEVO and ALTO?
According to the Chemicals industry distribution chart, Orion ranks #433 out of 1203 companies for Cyclically Adjusted PB Ratio. This puts Orion in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.68. Orion's value of 1.11 is 33.9% below this benchmark. Historically, Orion's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 10.03 over the past decade. While the company's 10-year median is 4.40 vs. the industry median of 1.68, Orion 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 a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.68, based on 1,203 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. Orion's current Cyclically Adjusted PB Ratio of 1.11 is 33.9% 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 Orion and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orion's current Cyclically Adjusted PB Ratio is 1.11, which is 75% below median its own 10-year median of 4.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orion stock overvalued right now?
Orion (FRA:0OE) has a current Cyclically Adjusted PB Ratio of 1.11. The stock's GF Value™ is €11.37, compared to a current price of €5.25 — trading 53.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.11, which is 75% below median its 10-year median of 4.40 and 33.9% below the Chemicals industry median of 1.68. Orion's overall GF Score™ is 55/100 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 Orion (FRA:0OE), the current Cyclically Adjusted PB Ratio is 1.11 as of Aug. 16, 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 Orion (FRA:0OE) Overvalued in 2026?

Based on GuruFocus' analysis, Orion stock appears to be undervalued. The current stock price of €5.25 is trading 53.8% below its estimated GF Value™ of €11.37.

Key valuation signals for FRA:0OE:

  • Cyclically Adjusted PB Ratio: 1.11 (75% below median its 10-year median of 4.40)
  • GF Value™: €11.37 vs. price of €5.25 (53.8% below fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 33.9% below the Chemicals median (#433 of 1203)

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


Orion Business Description

Other Exchanges OEC:USA
Address 1700 City Plaza Drive, Suite 300, Spring, TX, USA, 77389
Orion SA is a manufacturer of carbon black products. Carbon black is a powdered form of carbon used to create the desired physical, electrical, and optical qualities of various materials. The company's operating segments are Specialty Carbon Black and Rubber Carbon Black. It generates maximum revenue from the Rubber Carbon Black segment. The Rubber Carbon Black segment is used in the reinforcement of rubber in tires and mechanical rubber goods. The Specialty Carbon Black segment is used as pigments and performance additives in coatings, polymers, printing, and special applications. Geographically, it derives a majority of its revenue from Germany.
55GF Score

Get the complete analysis for FRA:0OE

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

€5.25
Price
€11.37
GF Value