Emak SpA (FRA:EK4) Cyclically Adjusted PB Ratio: 0.51 (As of Aug. 11, 2026) — 36% Below Median

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FRA:EK4 Emak SpA FRA:EK4
44 GF Score
Price €0.78
GF Value €0.84
! 6 Warning Signs
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What is Emak SpA Cyclically Adjusted PB Ratio?

Emak SpA FRA:EK4 -6.12% 44 Cyclically Adjusted PB Ratio is 0.51 as of Aug. 11, 2026, which is 36% below its 10-year median of 0.80. GuruFocus rates FRA:EK4 with a GF Score™ of 44/100 and a GF Value™ of €0.84. The stock has 6 warning signs investors should review. Among 2,242 Industrial Products companies, Emak SpA ranks better than 88.58% on this metric.

As of today (2026-08-11), Emak SpA's current share price is €0.782. Emak SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.54. Emak SpA's Cyclically Adjusted PB Ratio for today is 0.51.

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

FRA:EK4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.8   Max: 1.88
Current: 0.5

During the past years, Emak SpA's highest Cyclically Adjusted PB Ratio was 1.88. The lowest was 0.48. And the median was 0.80.

FRA:EK4's Cyclically Adjusted PB Ratio is ranked better than
88.58% of 2242 companies
in the Industrial Products industry
Industry Median: 2.19 vs FRA:EK4: 0.50

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.

Emak SpA's adjusted book value per share data for the three months ended in Jun. 2026 was €1.810. 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 €1.54 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emak SpA  (FRA:EK4) 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.


Emak SpA Cyclically Adjusted PB Ratio Related Terms


Emak SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Emak SpA'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.

Emak SpA Cyclically Adjusted PB Ratio Chart

Emak SpA 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 1.77 0.83 0.74 0.57 0.57

Emak SpA 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 0.54 0.63 0.57 0.51 0.51

FRA:EK4 vs SNA, RBC, SWK: Cyclically Adjusted PB Ratio Comparison

For the Tools & Accessories subindustry, Emak SpA'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.


Emak SpA Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:EK4
44GF Score
Emak SpA FRA:EK4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emak SpA 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.

Emak SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.782/1.54
=0.51

* 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.

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

For example, Emak SpA'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)
=1.81/126.4000*126.4000
=1.810

Current CPI (Jun. 2026) = 126.4000.

Emak SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.085 100.100 1.370
201612 1.102 100.300 1.389
201703 1.159 101.000 1.450
201706 1.143 101.100 1.429
201709 1.130 101.200 1.411
201712 1.130 101.200 1.411
201803 1.196 101.800 1.485
201806 1.228 102.400 1.516
201809 1.224 102.600 1.508
201812 1.246 102.300 1.540
201903 1.296 102.800 1.594
201906 1.266 103.100 1.552
201909 1.276 102.900 1.567
201912 1.281 102.800 1.575
202003 1.283 102.900 1.576
202006 1.315 102.900 1.615
202009 1.327 102.300 1.640
202012 1.346 102.600 1.658
202103 1.452 103.700 1.770
202106 1.521 104.200 1.845
202109 1.562 104.900 1.882
202112 1.548 106.600 1.836
202203 1.690 110.400 1.935
202206 1.716 112.500 1.928
202209 1.764 114.200 1.952
202212 1.677 119.000 1.781
202303 1.741 118.800 1.852
202306 1.737 119.700 1.834
202309 1.748 120.300 1.837
202312 1.716 119.700 1.812
202403 1.765 120.200 1.856
202406 1.751 120.700 1.834
202409 1.726 121.200 1.800
202412 1.695 121.200 1.768
202503 1.751 122.500 1.807
202506 1.730 122.700 1.782
202509 1.746 123.100 1.793
202512 1.704 122.600 1.757
202603 1.789 124.560 1.815
202606 1.810 126.400 1.810

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 0.51 mean?
Emak SpA (FRA:EK4) has a Cyclically Adjusted PB Ratio of 0.51 as of Aug. 11, 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 Emak SpA and its competitors. This is 36% below median its historical median of 0.80. Over the past decade, Emak SpA's Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.88. According to the industry distribution chart, Emak SpA ranks #256 out of 2242 companies in the Industrial Products industry, placing it in the top 11.4%.
Is Emak SpA's Cyclically Adjusted PB Ratio too high?
Emak SpA's current Cyclically Adjusted PB Ratio of 0.51 is 36% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.88. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.19. Emak SpA's value of 0.51 is 76.7% below this industry median. Based on the distribution chart, Emak SpA ranks #256 out of 2242 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Emak SpA has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Emak SpA's Cyclically Adjusted PB Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Emak SpA ranks #256 out of 2242 companies for Cyclically Adjusted PB Ratio. This places Emak SpA in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.19. Emak SpA's value of 0.51 is 76.7% below this benchmark. Historically, Emak SpA's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.88 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 2.19, Emak SpA 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.19, based on 2,242 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. Emak SpA's current Cyclically Adjusted PB Ratio of 0.51 is 76.7% 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 Emak SpA and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emak SpA's current Cyclically Adjusted PB Ratio is 0.51, which is 36% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emak SpA stock overvalued right now?
Emak SpA (FRA:EK4) has a current Cyclically Adjusted PB Ratio of 0.51. The stock's GF Value™ is €0.84, compared to a current price of €0.78 — trading 6.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is 36% below median its 10-year median of 0.80 and 76.7% below the Industrial Products industry median of 2.19. Emak SpA's overall GF Score™ is 44/100 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 Emak SpA (FRA:EK4), the current Cyclically Adjusted PB Ratio is 0.51 as of Aug. 11, 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 Emak SpA (FRA:EK4) Overvalued in 2026?

Based on GuruFocus' analysis, Emak SpA stock appears to be undervalued. The current stock price of €0.78 is trading 6.9% below its estimated GF Value™ of €0.84.

Key valuation signals for FRA:EK4:

  • Cyclically Adjusted PB Ratio: 0.51 (36% below median its 10-year median of 0.80)
  • GF Value™: €0.84 vs. price of €0.78 (6.9% below fair value)
  • GF Score™: 44/100 with 6 warning signs
  • Industry Position: 76.7% below the Industrial Products median (#256 of 2242)

No single metric tells the full story. See the FRA:EK4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Emak SpA Business Description

Other Exchanges EM:Italy0N9O:UK
Address Via E. Fermi, 4, Reggio Emilia, Bagnolo in Piano, ITA, 42011
Emak SpA is engaged in the manufacturing and distribution of machines, parts, and accessories for gardening, forestry, agriculture, and industry. It operates through the following segments: Outdoor Power Equipment, Pumps and Water Jetting, and Components and Accessories. Maximum revenue is generated from the Pumps and Water Jetting segment, which offers membrane pumps for the agricultural sector, piston pumps for the industrial sector, professional and semi-professional high-pressure washers, hydrodynamic units, and urban cleaning machines. Geographically, the company generates maximum revenue from Europe, followed by the Americas, Asia, Africa, and Oceania.
44GF Score

Get the complete analysis for FRA:EK4

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

€0.78
Price
€0.84
GF Value