Amica (FRA:9R1) Cyclically Adjusted PB Ratio: 0.30 (As of Aug. 26, 2026) — 63% Below Median

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FRA:9R1 Amica SA FRA:9R1
74 GF Score
Price €10.80
GF Value €12.97
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Amica Cyclically Adjusted PB Ratio?

Amica FRA:9R1 +0.93% 74 Cyclically Adjusted PB Ratio is 0.30 as of Aug. 26, 2026, which is 63% below its 10-year median of 0.82. GuruFocus rates FRA:9R1 with a GF Score™ of 74/100 and a GF Value™ of €12.97 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 312 Furnishings, Fixtures & Appliances companies, Amica ranks better than 87.5% on this metric.

As of today (2026-08-26), Amica's current share price is €10.80. Amica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €36.04. Amica's Cyclically Adjusted PB Ratio for today is 0.30.

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

FRA:9R1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.82   Max: 2.29
Current: 0.29

During the past years, Amica's highest Cyclically Adjusted PB Ratio was 2.29. The lowest was 0.28. And the median was 0.82.

FRA:9R1's Cyclically Adjusted PB Ratio is ranked better than
87.5% of 312 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.16 vs FRA:9R1: 0.29

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.

Amica's adjusted book value per share data for the three months ended in Mar. 2026 was €33.003. 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 €36.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amica  (FRA:9R1) 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.


Amica Cyclically Adjusted PB Ratio Related Terms


Amica Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amica'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.

Amica Cyclically Adjusted PB Ratio Chart

Amica 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 1.08 0.58 0.57 0.33 0.39

Amica 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 0.42 0.37 0.37 0.39 0.31

FRA:9R1 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Amica'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.


Amica Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Amica's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:9R1
74GF Score
Amica SA FRA:9R1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amica 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.80/36.04
=0.30

* 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.

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

For example, Amica'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)
=33.003/163.0700*163.0700
=33.003

Current CPI (Mar. 2026) = 163.0700.

Amica Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.742 99.552 30.700
201609 19.794 99.064 32.583
201612 20.633 100.366 33.523
201703 21.510 101.018 34.723
201706 21.508 101.180 34.664
201709 22.235 101.343 35.778
201712 22.722 102.564 36.126
201803 23.311 102.564 37.063
201806 24.255 103.378 38.260
201809 24.492 103.378 38.634
201812 26.209 103.785 41.180
201903 27.712 104.274 43.338
201906 26.570 105.983 40.882
201909 27.854 105.983 42.857
201912 28.914 107.123 44.015
202003 29.772 109.076 44.509
202006 30.331 109.402 45.210
202009 31.553 109.320 47.067
202012 33.280 109.565 49.532
202103 35.097 112.658 50.802
202106 34.098 113.960 48.792
202109 34.599 115.588 48.812
202112 35.355 119.088 48.412
202203 35.126 125.031 45.813
202206 35.200 131.705 43.583
202209 34.913 135.531 42.007
202212 34.106 139.113 39.980
202303 33.773 145.950 37.735
202306 33.086 147.009 36.701
202309 33.653 146.113 37.559
202312 32.833 147.741 36.240
202403 32.889 149.044 35.984
202406 32.318 150.997 34.902
202409 31.714 153.439 33.705
202412 32.355 154.660 34.114
202503 31.878 157.021 33.106
202506 31.175 157.509 32.276
202509 31.480 158.000 32.490
202512 32.053 158.320 33.015
202603 33.003 163.070 33.003

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 0.30 mean?
Amica (FRA:9R1) has a Cyclically Adjusted PB Ratio of 0.30 as of Aug. 26, 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 Amica and its competitors. This is 63% below median its historical median of 0.82. Over the past decade, Amica's Cyclically Adjusted PB Ratio has ranged from 0.28 to 2.29. According to the industry distribution chart, Amica ranks #39 out of 312 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 12.5%.
Is Amica's Cyclically Adjusted PB Ratio too high?
Amica's current Cyclically Adjusted PB Ratio of 0.30 is 63% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 2.29. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.16. Amica's value of 0.30 is 74.1% below this industry median. Based on the distribution chart, Amica ranks #39 out of 312 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Amica has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amica's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Amica ranks #39 out of 312 companies for Cyclically Adjusted PB Ratio. This places Amica in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. Amica's value of 0.30 is 74.1% below this benchmark. Historically, Amica's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 2.29 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 1.16, Amica 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.16, based on 312 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. Amica's current Cyclically Adjusted PB Ratio of 0.30 is 74.1% 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 Amica and its competitors. For the Furnishings, Fixtures & Appliances 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. Amica's current Cyclically Adjusted PB Ratio is 0.30, which is 63% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amica stock overvalued right now?
Based on GuruFocus' analysis, Amica (FRA:9R1) is currently considered Modestly Undervalued. The stock's GF Value™ is €12.97, compared to a current price of €10.80 — trading 16.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.30, which is 63% below median its 10-year median of 0.82 and 74.1% below the Furnishings, Fixtures & Appliances industry median of 1.16. Amica's overall GF Score™ is 74/100 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 Amica (FRA:9R1), the current Cyclically Adjusted PB Ratio is 0.30 as of Aug. 26, 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 Amica (FRA:9R1) Overvalued in 2026?

Based on GuruFocus' analysis, Amica stock appears to be undervalued. The current stock price of €10.80 is trading 16.7% below its estimated GF Value™ of €12.97. GuruFocus considers Amica to be Modestly Undervalued.

Key valuation signals for FRA:9R1:

  • Cyclically Adjusted PB Ratio: 0.30 (63% below median its 10-year median of 0.82)
  • GF Value™: €12.97 vs. price of €10.80 (16.7% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 74.1% below the Furnishings, Fixtures & Appliances median (#39 of 312)

No single metric tells the full story. See the FRA:9R1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amica Business Description

Other Exchanges AMC:Poland
Address Mickiewicza Street 52, Wronki, POL, 64-510
Amica SA is a manufacturer of household appliance products, including cookers, ovens, hobs, refrigerators, dishwashers, washing machines, microwave ovens, and hoods, among others. It sells its products under the brands Amica, Gram, Hansa, Matrix, Curtiss, Caviss, Fagor, CDA, and Le Chai. Additionally, the group offers maintenance, hotel, and catering services. The group's reporting segments are: Freestanding heating equipment, Built-in heating appliances, Other heating appliances, Goods, and Other. The majority of its revenue is generated from the Goods segment, which trades in washing machines, refrigerators, microwave ovens, dishwashers, hoods, and small household appliances. Geographically, the group generates the majority of its revenue from Poland, with rest coming from other markets.
74GF Score

Get the complete analysis for FRA:9R1

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

€10.80
Price
€12.97
GF Value