Arcure (FRA:340) Cyclically Adjusted PB Ratio: 2.34 (As of Jul. 24, 2026) — 12% 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:340 Arcure SA FRA:340
71 GF Score
Price €2.36
GF Value €2.53
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Arcure Cyclically Adjusted PB Ratio?

Arcure FRA:340 -3.67% 71 Cyclically Adjusted PB Ratio is 2.34 as of Jul. 24, 2026, which is 12% below its 10-year median of 2.65. GuruFocus rates FRA:340 with a GF Score™ of 71/100 and a GF Value™ of €2.53 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,281 Industrial Products companies, Arcure ranks worse than 56.16% on this metric.

As of today (2026-07-24), Arcure's current share price is €2.36. Arcure's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €1.01. Arcure's Cyclically Adjusted PB Ratio for today is 2.34.

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

FRA:340' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.42   Med: 2.65   Max: 2.95
Current: 2.54

During the past 10 years, Arcure's highest Cyclically Adjusted PB Ratio was 2.95. The lowest was 2.42. And the median was 2.65.

FRA:340's Cyclically Adjusted PB Ratio is ranked worse than
56.16% of 2281 companies
in the Industrial Products industry
Industry Median: 2.12 vs FRA:340: 2.54

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.

Arcure's adjusted book value per share data of for the fiscal year that ended in Dec25 was €1.042. 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 €1.01 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arcure  (FRA:340) 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.


Arcure Cyclically Adjusted PB Ratio Related Terms


Arcure Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arcure'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.

Arcure Cyclically Adjusted PB Ratio Chart

Arcure 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 0.00 0.00 0.00 2.34

Arcure Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 2.34

FRA:340 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Arcure'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.


Arcure Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:340
71GF Score
Arcure SA FRA:340
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arcure 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.36/1.01
=2.34

* 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.

Arcure's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Arcure's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.042/120.9000*120.9000
=1.042

Current CPI (Dec25) = 120.9000.

Arcure Annual Data

Book Value per Share CPI Adj_Book
201612 0.395 100.650 0.474
201712 0.400 101.850 0.475
201812 0.441 103.470 0.515
201912 1.979 104.980 2.279
202012 1.126 104.960 1.297
202112 0.707 107.850 0.793
202212 0.900 114.160 0.953
202312 1.193 118.390 1.218
202412 1.423 119.950 1.434
202512 1.042 120.900 1.042

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 2.34 mean?
Arcure (FRA:340) has a Cyclically Adjusted PB Ratio of 2.34 as of Jul. 24, 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 Arcure and its competitors. This is 12% below median its historical median of 2.65. Over the past decade, Arcure's Cyclically Adjusted PB Ratio has ranged from 2.42 to 2.95. According to the industry distribution chart, Arcure ranks #1281 out of 2281 companies in the Industrial Products industry, placing it in the top 56.2%.
Is Arcure's Cyclically Adjusted PB Ratio too high?
Arcure's current Cyclically Adjusted PB Ratio of 2.34 is 12% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 2.95. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Arcure's value of 2.34 is 10.4% above this industry median. Based on the distribution chart, Arcure ranks #1281 out of 2281 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Arcure has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Arcure's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Arcure ranks #1281 out of 2281 companies for Cyclically Adjusted PB Ratio. This places Arcure in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Arcure's value of 2.34 is 10.4% above this benchmark. Historically, Arcure's own Cyclically Adjusted PB Ratio has ranged from 2.42 to 2.95 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 2.12, Arcure 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,281 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. Arcure's current Cyclically Adjusted PB Ratio of 2.34 is 10.4% 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 Arcure and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arcure's current Cyclically Adjusted PB Ratio is 2.34, which is 12% below median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcure stock overvalued right now?
Based on GuruFocus' analysis, Arcure (FRA:340) is currently considered Fairly Valued. The stock's GF Value™ is €2.53, compared to a current price of €2.36 — trading 6.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.34, which is 12% below median its 10-year median of 2.65 and 10.4% above the Industrial Products industry median of 2.12. Arcure's overall GF Score™ is 71/100 with 4 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 Arcure (FRA:340), the current Cyclically Adjusted PB Ratio is 2.34 as of Jul. 24, 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 Arcure (FRA:340) Overvalued in 2026?

Based on GuruFocus' analysis, Arcure stock appears to be undervalued. The current stock price of €2.36 is trading 6.7% below its estimated GF Value™ of €2.53. GuruFocus considers Arcure to be Fairly Valued.

Key valuation signals for FRA:340:

  • Cyclically Adjusted PB Ratio: 2.34 (12% below median its 10-year median of 2.65)
  • GF Value™: €2.53 vs. price of €2.36 (6.7% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 10.4% above the Industrial Products median (#1281 of 2281)

No single metric tells the full story. See the FRA:340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arcure Business Description

Other Exchanges ALCUR:France
Address 108 Avenue Roger Salengro, Savigny-sur-Orge, FRA, 91600
Arcure SA specializes in AI-driven image processing solutions. Its products have applications in the autonomous industrial vehicle industry. The company designs and sells a smart solution, Blaxtair, to prevent collisions between pedestrians and vehicles operating in demanding industrial environments. The Blaxtair solution equips off-road industrial vehicles, construction vehicles, and handling equipment operating in an industrial environment with intelligence that reliably detects pedestrians and issues warnings to the driver or automatically stops the vehicle when it identifies a risk of collision with a pedestrian. Geographically, the company generates maximum revenue from Europe (excluding France), followed by North America, France, Asia Pacific, and the Rest of the world.
71GF Score

Get the complete analysis for FRA:340

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

€2.36
Price
€2.53
GF Value