Matas AS (FRA:1MTA) Cyclically Adjusted PB Ratio: (As of Aug. 13, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:1MTA Matas AS FRA:1MTA
77 GF Score
Price €11.36
GF Value €19.75
! 4 Warning Signs
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What is Matas AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Matas AS  (FRA:1MTA) 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.


Matas AS Cyclically Adjusted PB Ratio Related Terms


Matas AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Matas AS'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.

Matas AS Cyclically Adjusted PB Ratio Chart

Matas AS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.32 1.05 1.42 1.54 1.19

Matas AS 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 1.54 1.49 1.43 1.19 0.00

FRA:1MTA vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Matas AS'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.


Matas AS Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Matas AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:1MTA
77GF Score
Matas AS FRA:1MTA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matas AS 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.

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

For example, Matas AS'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)
=12.599/122.9700*122.9700
=12.599

Current CPI (Jun. 2026) = 122.9700.

Matas AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.626 100.200 10.586
201612 9.040 100.300 11.083
201703 9.189 101.200 11.166
201706 8.609 101.200 10.461
201709 8.755 101.800 10.576
201712 9.241 101.300 11.218
201803 9.350 101.700 11.306
201806 8.759 102.300 10.529
201809 8.883 102.400 10.667
201812 9.299 102.100 11.200
201903 9.414 102.900 11.250
201906 9.155 102.900 10.941
201909 9.261 102.900 11.067
201912 9.675 102.900 11.562
202003 9.683 103.300 11.527
202006 9.855 103.200 11.743
202009 10.063 103.500 11.956
202012 10.610 103.400 12.618
202103 10.675 104.300 12.586
202106 10.513 105.000 12.312
202109 10.627 105.800 12.352
202112 11.094 106.600 12.798
202203 11.252 109.900 12.590
202206 11.145 113.600 12.064
202209 11.318 116.400 11.957
202212 11.852 115.900 12.575
202303 11.907 117.300 12.483
202306 11.758 116.400 12.422
202309 11.833 117.400 12.394
202312 12.481 116.700 13.152
202403 12.244 118.400 12.717
202406 12.144 118.500 12.602
202409 12.293 118.900 12.714
202412 12.977 118.900 13.421
202503 13.116 120.200 13.418
202506 12.928 120.700 13.171
202509 13.004 121.600 13.151
202512 13.613 121.200 13.812
202603 13.509 121.680 13.652
202606 12.599 122.970 12.599

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.

Is Matas AS (FRA:1MTA) Overvalued in 2026?

Based on GuruFocus' analysis, Matas AS stock appears to be undervalued. The current stock price of €11.36 is trading 42.5% below its estimated GF Value™ of €19.75.

Key valuation signals for FRA:1MTA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €19.75 vs. price of €11.36 (42.5% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the FRA:1MTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matas AS Business Description

Address Rormosevej 1, Allerod, DNK, DK-3450
Matas AS is beauty and wellbeing brands. It has three segments Matas, KICKS and Other. It generates majority of revenue from Matas segment. Its product groups are High-end Beauty: Luxury beauty products, including cosmetics, skincare and haircare products and fragrances; Mass Beauty: Everyday beauty products and personal care, including cosmetics and skincare and haircare products; Health and Wellbeing: MediCare Vitamins, minerals, health supplements, specialty foods and herbal medicinal products. Sports, nutrition and exercise. Baby and parent. Sexual wellness, Personal care products and special skincare; Other: Clothing and accessories. It generates majority of revenue from Denmark followed by Sweden, Norway, and Other countries.
77GF Score

Get the complete analysis for FRA:1MTA

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

€11.36
Price
€19.75
GF Value