Alfa Laval AB (FRA:AA9) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:AA9 Alfa Laval AB FRA:AA9
92 GF Score
Price €47.82
GF Value €42.98
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Alfa Laval AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alfa Laval AB  (FRA:AA9) 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.


Alfa Laval AB Cyclically Adjusted PB Ratio Related Terms


Alfa Laval AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alfa Laval 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.

Alfa Laval AB Cyclically Adjusted PB Ratio Chart

Alfa Laval AB 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 6.20 4.06 5.01 5.25 5.35

Alfa Laval AB 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 4.71 4.97 5.50 5.89 6.29

FRA:AA9 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Alfa Laval 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.


Alfa Laval AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:AA9
92GF Score
Alfa Laval AB FRA:AA9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alfa Laval 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.

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

For example, Alfa Laval AB'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)
=10.032/134.6100*134.6100
=10.032

Current CPI (Jun. 2026) = 134.6100.

Alfa Laval AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.980 101.138 6.628
201612 5.045 102.022 6.657
201703 5.213 102.022 6.878
201706 4.691 102.752 6.145
201709 4.839 103.279 6.307
201712 4.971 103.793 6.447
201803 5.194 103.962 6.725
201806 5.085 104.875 6.527
201809 5.260 105.679 6.700
201812 5.551 105.912 7.055
201903 5.910 105.886 7.513
201906 5.695 106.742 7.182
201909 5.953 107.214 7.474
201912 6.295 107.766 7.863
202003 5.944 106.563 7.508
202006 6.395 107.498 8.008
202009 6.554 107.635 8.197
202012 6.897 108.296 8.573
202103 7.260 108.360 9.019
202106 6.917 108.928 8.548
202109 7.122 110.338 8.689
202112 7.562 112.486 9.049
202203 7.896 114.825 9.257
202206 7.286 118.384 8.285
202209 7.597 122.296 8.362
202212 7.768 126.365 8.275
202303 7.659 127.042 8.115
202306 7.245 129.407 7.536
202309 7.833 130.224 8.097
202312 8.123 131.912 8.289
202403 8.357 132.205 8.509
202406 8.276 132.716 8.394
202409 8.500 132.304 8.648
202412 8.941 132.987 9.050
202503 9.532 132.825 9.660
202506 8.796 133.699 8.856
202509 9.334 133.480 9.413
202512 9.777 133.380 9.867
202603 10.411 133.550 10.494
202606 10.032 134.610 10.032

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 Alfa Laval AB (FRA:AA9) Overvalued in 2026?

Based on GuruFocus' analysis, Alfa Laval AB stock appears to be overvalued. The current stock price of €47.82 is trading 11.3% above its estimated GF Value™ of €42.98. GuruFocus considers Alfa Laval AB to be Modestly Overvalued.

Key valuation signals for FRA:AA9:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €42.98 vs. price of €47.82 (11.3% above fair value)
  • GF Score™: 92/100 with 6 warning signs

No single metric tells the full story. See the FRA:AA9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alfa Laval AB Business Description

Address Rudeboksvagen 1, P.O. Box 73, Lund, SWE, SE-221 00
Alfa Laval is a leading manufacturer of highly engineered equipment, primarily in the areas of separation, heat transfer, and fluid handling, used by a diverse range of customers spanning the food, water, energy, and marine industries. These products play a key role in a number of industrial processes, and Alfa Laval enjoys a leading position in all three areas. Alfa Laval's history stretches back 140 years to when its first separator was developed. The company is listed on the Stockholm stock exchange.
92GF Score

Get the complete analysis for FRA:AA9

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

€47.82
Price
€42.98
GF Value