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TagMaster ABFRA:2I40 -3.18%89 Cyclically Adjusted PB Ratio is 2.01 as of Aug. 29, 2026, which is 13% below its 10-year median of 2.31. GuruFocus rates FRA:2I40 with a GF Score™ of 89/100 and a GF Value™ of €3.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,931 Hardware companies, TagMaster AB ranks better than 51.37% on this metric.
The historical rank and industry rank for TagMaster AB's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:2I40'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 2.31 Max: 13.02
Current: 1.94
During the past years, TagMaster AB's highest Cyclically Adjusted PB Ratio was 13.02. The lowest was 0.68. And the median was 2.31.
FRA:2I40's Cyclically Adjusted PB Ratio is ranked better than 51.37% of 1931
companies
in the Hardware industry
Industry Median: 2.05
vs FRA:2I40: 1.94
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.
TagMaster AB's adjusted book value per share data for the three months ended in Jun. 2026 was €1.815. 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 €1.36 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
TagMaster AB (FRA:2I40) 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.
TagMaster AB Cyclically Adjusted PB Ratio Related Terms
TagMaster AB Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for TagMaster AB'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.
FRA:2I40 vs CSCO, MSI, HPE: Cyclically Adjusted PB Ratio Comparison
For the Communication Equipment subindustry, TagMaster AB'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.
TagMaster AB Cyclically Adjusted PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, TagMaster AB's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where TagMaster AB's Cyclically Adjusted PB Ratio falls into.
TagMaster AB 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.
TagMaster AB's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 2.01 mean?
TagMaster AB (FRA:2I40) has a Cyclically Adjusted PB Ratio of 2.01 as of Aug. 29, 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 TagMaster AB and its competitors. This is 13% below median its historical median of 2.31. Over the past decade, TagMaster AB's Cyclically Adjusted PB Ratio has ranged from 0.68 to 13.02. According to the industry distribution chart, TagMaster AB ranks #939 out of 1931 companies in the Hardware industry, placing it in the top 48.6%.
Is TagMaster AB's Cyclically Adjusted PB Ratio too high?
TagMaster AB's current Cyclically Adjusted PB Ratio of 2.01 is 13% below median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 13.02. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. TagMaster AB's value of 2.01 is 2% below this industry median. Based on the distribution chart, TagMaster AB ranks #939 out of 1931 companies in the Hardware industry, which is above the industry midpoint. Overall, TagMaster AB has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TagMaster AB's Cyclically Adjusted PB Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, TagMaster AB ranks #939 out of 1931 companies for Cyclically Adjusted PB Ratio. This puts TagMaster AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.05. TagMaster AB's value of 2.01 is 2% below this benchmark. Historically, TagMaster AB's own Cyclically Adjusted PB Ratio has ranged from 0.68 to 13.02 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 2.05, TagMaster AB 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.05, based on 1,931 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. TagMaster AB's current Cyclically Adjusted PB Ratio of 2.01 is 2% 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 TagMaster AB and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TagMaster AB's current Cyclically Adjusted PB Ratio is 2.01, which is 13% below median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TagMaster AB stock overvalued right now?
Based on GuruFocus' analysis, TagMaster AB (FRA:2I40) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.29, compared to a current price of €2.74 — trading 16.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.01, which is 13% below median its 10-year median of 2.31 and 2% below the Hardware industry median of 2.05. TagMaster AB's overall GF Score™ is 89/100 with 2 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 TagMaster AB (FRA:2I40), the current Cyclically Adjusted PB Ratio is 2.01 as of Aug. 29, 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 TagMaster AB (FRA:2I40) Overvalued in 2026?
Based on GuruFocus' analysis, TagMaster AB stock appears to be undervalued.
The current stock price of €2.74 is trading 16.7% below its estimated GF Value™ of €3.29.
GuruFocus considers TagMaster AB to be Modestly Undervalued.
Key valuation signals for FRA:2I40:
Cyclically Adjusted PB Ratio: 2.01 (13% below median its 10-year median of 2.31)
GF Value™: €3.29 vs. price of €2.74 (16.7% below fair value)
Industry Position: 2% below the Hardware median (#939 of 1931)
No single metric tells the full story. See the FRA:2I40 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TagMaster AB is engaged in technology business sector. The company develops and sells advanced sensor systems and solutions based on radio, radar and camera technologies. The company's products are used in the areas of parking, traffic situations, electronic toll systems, and public transport. The company operates through various business segments that are Traffic and Rail. The Traffic segment generates maximum revenue for the company. Geographically, the company offers its services to the America's, EMEA and Asia Pacific.
89GF Score
Get the complete analysis for FRA:2I40
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