Caesarstone (FRA:19C) Cyclically Adjusted PB Ratio: 0.15 (As of Jul. 30, 2026) — 53% Below Median

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FRA:19C Caesarstone Ltd FRA:19C
64 GF Score
Price €1.80
GF Value €2.42
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Caesarstone Cyclically Adjusted PB Ratio?

Caesarstone FRA:19C -4.26% 64 Cyclically Adjusted PB Ratio is 0.15 as of Jul. 30, 2026, which is 53% below its 10-year median of 0.32. GuruFocus rates FRA:19C with a GF Score™ of 64/100 and a GF Value™ of €2.42 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,357 Construction companies, Caesarstone ranks better than 95.36% on this metric.

As of today (2026-07-30), Caesarstone's current share price is €1.80. Caesarstone's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €12.07. Caesarstone's Cyclically Adjusted PB Ratio for today is 0.15.

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

FRA:19C' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.32   Max: 1.43
Current: 0.14

During the past years, Caesarstone's highest Cyclically Adjusted PB Ratio was 1.43. The lowest was 0.04. And the median was 0.32.

FRA:19C's Cyclically Adjusted PB Ratio is ranked better than
95.36% of 1357 companies
in the Construction industry
Industry Median: 1.16 vs FRA:19C: 0.14

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.

Caesarstone's adjusted book value per share data for the three months ended in Mar. 2026 was €3.099. 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 €12.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caesarstone  (FRA:19C) 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.


Caesarstone Cyclically Adjusted PB Ratio Related Terms


Caesarstone Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Caesarstone'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.

Caesarstone Cyclically Adjusted PB Ratio Chart

Caesarstone 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 0.88 0.40 0.25 0.28 0.13

Caesarstone 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 0.16 0.13 0.11 0.13 0.07

FRA:19C vs INVE, APT, JELD: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Caesarstone'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.


Caesarstone Cyclically Adjusted PB Ratio vs Construction Industry

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

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


FRA:19C
64GF Score
Caesarstone Ltd FRA:19C
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caesarstone 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.80/12.07
=0.15

* 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.

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

For example, Caesarstone'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)
=3.099/330.2130*330.2130
=3.099

Current CPI (Mar. 2026) = 330.2130.

Caesarstone Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.388 241.018 14.232
201609 11.046 241.428 15.108
201612 12.088 241.432 16.533
201703 12.303 243.801 16.664
201706 12.117 244.955 16.334
201709 11.619 246.819 15.545
201712 11.563 246.524 15.488
201803 10.894 249.554 14.415
201806 11.740 251.989 15.384
201809 11.882 252.439 15.543
201812 12.076 251.233 15.872
201903 12.209 254.202 15.860
201906 12.378 256.143 15.957
201909 12.875 256.759 16.558
201912 12.646 256.974 16.250
202003 12.694 258.115 16.240
202006 12.413 257.797 15.900
202009 12.235 260.280 15.522
202012 11.766 260.474 14.916
202103 12.377 264.877 15.430
202106 12.102 271.696 14.708
202109 12.489 274.310 15.034
202112 12.833 278.802 15.199
202203 13.391 287.504 15.380
202206 14.071 296.311 15.681
202209 14.593 296.808 16.235
202212 11.671 296.797 12.985
202303 11.418 301.836 12.491
202306 9.873 305.109 10.685
202309 9.968 307.789 10.694
202312 8.515 306.746 9.166
202403 8.360 312.332 8.839
202406 8.210 314.175 8.629
202409 7.987 315.301 8.365
202412 7.662 315.605 8.017
202503 7.089 319.799 7.320
202506 6.326 322.561 6.476
202509 5.750 324.800 5.846
202512 3.577 324.054 3.645
202603 3.099 330.213 3.099

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 0.15 mean?
Caesarstone (FRA:19C) has a Cyclically Adjusted PB Ratio of 0.15 as of Jul. 30, 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 Caesarstone and its competitors. This is 53% below median its historical median of 0.32. Over the past decade, Caesarstone's Cyclically Adjusted PB Ratio has ranged from 0.04 to 1.43. According to the industry distribution chart, Caesarstone ranks #63 out of 1357 companies in the Construction industry, placing it in the top 4.6%.
Is Caesarstone's Cyclically Adjusted PB Ratio too high?
Caesarstone's current Cyclically Adjusted PB Ratio of 0.15 is 53% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.43. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Caesarstone's value of 0.15 is 87.1% below this industry median. Based on the distribution chart, Caesarstone ranks #63 out of 1357 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Caesarstone has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caesarstone's Cyclically Adjusted PB Ratio compare to INVE and APT?
According to the Construction industry distribution chart, Caesarstone ranks #63 out of 1357 companies for Cyclically Adjusted PB Ratio. This places Caesarstone in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. Caesarstone's value of 0.15 is 87.1% below this benchmark. Historically, Caesarstone's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 1.43 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 1.16, Caesarstone 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,357 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. Caesarstone's current Cyclically Adjusted PB Ratio of 0.15 is 87.1% 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 Caesarstone and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caesarstone's current Cyclically Adjusted PB Ratio is 0.15, which is 53% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caesarstone stock overvalued right now?
Based on GuruFocus' analysis, Caesarstone (FRA:19C) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.42, compared to a current price of €1.80 — trading 25.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.15, which is 53% below median its 10-year median of 0.32 and 87.1% below the Construction industry median of 1.16. Caesarstone's overall GF Score™ is 64/100 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 Caesarstone (FRA:19C), the current Cyclically Adjusted PB Ratio is 0.15 as of Jul. 30, 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 Caesarstone (FRA:19C) Overvalued in 2026?

Based on GuruFocus' analysis, Caesarstone stock appears to be undervalued. The current stock price of €1.80 is trading 25.6% below its estimated GF Value™ of €2.42. GuruFocus considers Caesarstone to be Modestly Undervalued.

Key valuation signals for FRA:19C:

  • Cyclically Adjusted PB Ratio: 0.15 (53% below median its 10-year median of 0.32)
  • GF Value™: €2.42 vs. price of €1.80 (25.6% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 87.1% below the Construction median (#63 of 1357)

No single metric tells the full story. See the FRA:19C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Caesarstone Business Description

Other Exchanges CSTE:USA
Address Kibbutz Sdot-Yam, MP Menashe, ISR, 3780400
Caesarstone Ltd manufactures engineered quartz surfaces. Its products include engineered quartz and porcelain slabs, which are used as kitchen countertops in renovation and remodeling, and residential construction. It also has other applications, including vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications. The company sells its products under the Caesarstone brand. Caesarstone's geographical segments are the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA(Europe, Middle East, Africa), of which it derives maximum revenue from United States.
64GF Score

Get the complete analysis for FRA:19C

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

€1.80
Price
€2.42
GF Value