CTT-Correios de Portugal (FRA:C7T) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

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FRA:C7T CTT-Correios de Portugal SA FRA:C7T
80 GF Score
Price €5.81
GF Value €6.43
Valuation Modestly Undervalued
! 3 Warning Signs
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What is CTT-Correios de Portugal Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CTT-Correios de Portugal  (FRA:C7T) 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.


CTT-Correios de Portugal Cyclically Adjusted PB Ratio Related Terms


CTT-Correios de Portugal Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CTT-Correios de Portugal'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.

CTT-Correios de Portugal Cyclically Adjusted PB Ratio Chart

CTT-Correios de Portugal 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 3.23 2.01 2.29 3.53 4.82

CTT-Correios de Portugal 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 4.88 4.68 4.82 3.88 0.00

FRA:C7T vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, CTT-Correios de Portugal'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.


CTT-Correios de Portugal Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, CTT-Correios de Portugal's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CTT-Correios de Portugal's Cyclically Adjusted PB Ratio falls into.


FRA:C7T
80GF Score
CTT-Correios de Portugal SA FRA:C7T
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CTT-Correios de Portugal 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.

CTT-Correios de Portugal's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CTT-Correios de Portugal'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)
=2.215/127.9600*127.9600
=2.215

Current CPI (Jun. 2026) = 127.9600.

CTT-Correios de Portugal Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.557 101.122 1.970
201612 1.612 100.998 2.042
201703 1.681 101.924 2.110
201706 1.237 102.240 1.548
201709 1.249 102.527 1.559
201712 1.177 102.479 1.470
201803 1.292 102.626 1.611
201806 0.905 103.790 1.116
201809 0.931 103.960 1.146
201812 1.009 103.159 1.252
201903 0.958 103.495 1.184
201906 0.892 104.192 1.095
201909 0.987 103.844 1.216
201912 0.902 103.592 1.114
202003 0.927 103.544 1.146
202006 0.891 104.323 1.093
202009 0.935 103.699 1.154
202012 1.032 103.354 1.278
202103 1.092 104.014 1.343
202106 1.021 104.852 1.246
202109 1.086 105.232 1.321
202112 1.204 106.191 1.451
202203 1.223 109.559 1.428
202206 1.361 114.003 1.528
202209 1.437 114.999 1.599
202212 1.570 116.377 1.726
202303 1.683 117.701 1.830
202306 1.625 117.872 1.764
202309 1.676 119.111 1.801
202312 1.804 118.032 1.956
202403 1.829 120.396 1.944
202406 1.735 121.165 1.832
202409 1.777 121.574 1.870
202412 1.839 121.585 1.935
202503 1.822 122.624 1.901
202506 1.760 124.042 1.816
202509 1.846 124.490 1.897
202512 1.941 124.240 1.999
202603 1.948 125.940 1.979
202606 2.215 127.960 2.215

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 CTT-Correios de Portugal (FRA:C7T) Overvalued in 2026?

Based on GuruFocus' analysis, CTT-Correios de Portugal stock appears to be undervalued. The current stock price of €5.81 is trading 9.6% below its estimated GF Value™ of €6.43. GuruFocus considers CTT-Correios de Portugal to be Modestly Undervalued.

Key valuation signals for FRA:C7T:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €6.43 vs. price of €5.81 (9.6% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the FRA:C7T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CTT-Correios de Portugal Business Description

Address Avenida dos Combatentes 43, No.1643-001, 4th Floor, Lisbon, PRT, 1999-001
CTT-Correios de Portugal SA operates in the postal and logistics sector, with operations organised into the segments Mail & Services, Express & Parcels, E-commerce Solutions, and Financial Services. The Mail & Services area comprises Mail, Business Solutions, and Financial and Retail Services. Mail is the main business, Business Solutions uses digitalisation to strengthen customer relationships, and Financial and Retail Services are supported by the retail network. Products and services include mail delivery, express and shipping solutions such as Basic Mail, Track Mail, and Express for Tomorrow, digital platforms, document management, business process services, payments, financial intermediation, insurance, and retail services. It operates in Portugal, Spain and the rest of the world.
80GF Score

Get the complete analysis for FRA:C7T

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

€5.81
Price
€6.43
GF Value