Basf SE (FRA:BASA) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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
Charlie Tian
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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:BASA Basf SE FRA:BASA
73 GF Score
Price €12.60
GF Value €11.22
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Basf SE Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Basf SE  (FRA:BASA) 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.


Basf SE Cyclically Adjusted PB Ratio Related Terms


Basf SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Basf SE'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.

Basf SE Cyclically Adjusted PB Ratio Chart

Basf SE 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 1.54 1.05 1.05 0.89 0.92

Basf SE 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 0.93 0.86 0.91 1.08 0.95

FRA:BASA vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Basf SE'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.


Basf SE Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Basf SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:BASA
73GF Score
Basf SE FRA:BASA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Basf SE 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.

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

For example, Basf SE'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)
=10.859/131.3638*131.3638
=10.859

Current CPI (Jun. 2026) = 131.3638.

Basf SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.094 101.017 10.526
201612 8.865 101.217 11.505
201703 9.408 101.417 12.186
201706 8.830 102.117 11.359
201709 9.075 102.717 11.606
201712 9.460 102.617 12.110
201803 9.904 102.917 12.641
201806 9.609 104.017 12.135
201809 9.973 104.718 12.511
201812 9.828 104.217 12.388
201903 10.293 104.217 12.974
201906 10.981 105.718 13.645
201909 11.124 106.018 13.783
201912 11.527 105.818 14.310
202003 11.805 105.718 14.669
202006 10.447 106.618 12.872
202009 9.426 105.818 11.702
202012 9.363 105.518 11.656
202103 10.625 107.518 12.981
202106 10.367 108.486 12.553
202109 11.055 109.435 13.270
202112 11.454 110.384 13.631
202203 11.583 113.968 13.351
202206 12.882 115.760 14.618
202209 13.639 118.818 15.079
202212 11.446 119.345 12.599
202303 11.448 122.402 12.286
202306 11.016 123.140 11.752
202309 11.280 124.195 11.931
202312 10.264 123.773 10.893
202403 10.800 125.038 11.346
202406 10.286 125.882 10.734
202409 10.096 126.198 10.509
202412 10.331 127.041 10.683
202503 10.462 127.779 10.755
202506 9.385 128.412 9.601
202509 9.499 129.255 9.654
202512 9.707 129.361 9.857
202603 10.028 131.258 10.036
202606 10.859 131.364 10.859

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 Basf SE (FRA:BASA) Overvalued in 2026?

Based on GuruFocus' analysis, Basf SE stock appears to be overvalued. The current stock price of €12.60 is trading 12.3% above its estimated GF Value™ of €11.22. GuruFocus considers Basf SE to be Modestly Overvalued.

Key valuation signals for FRA:BASA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €11.22 vs. price of €12.60 (12.3% above fair value)
  • GF Score™: 73/100 with 9 warning signs

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


Basf SE Business Description

Address Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056
BASF is one of the world's leading chemical companies. It's headquartered in Germany near the Rhine River, which helps with logistics-related savings. Founded in 1865, it produces a vast array of chemicals, plastics, resins, and agricultural solutions. While the company serves multiple industries, it most prominently serves the automotive, agricultural, construction, and pharmaceutical industries. BASF is a first mover in the energy transition and aims to rapidly expand its recycled and bio-based product portfolio.
73GF Score

Get the complete analysis for FRA:BASA

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

€12.60
Price
€11.22
GF Value