Commercial Vehicle Group (FRA:FDU) Cyclically Adjusted PB Ratio: 0.68 (As of Aug. 23, 2026) — 69% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:FDU Commercial Vehicle Group Inc FRA:FDU
58 GF Score
Price €2.62
GF Value €2.30
! 2 Warning Signs
View Full Analysis

What is Commercial Vehicle Group Cyclically Adjusted PB Ratio?

Commercial Vehicle Group FRA:FDU 58 Cyclically Adjusted PB Ratio is 0.68 as of Aug. 23, 2026, which is 69% below its 10-year median of 2.16. GuruFocus rates FRA:FDU with a GF Score™ of 58/100 and a GF Value™ of €2.30. The stock has 2 warning signs investors should review. Among 947 Vehicles & Parts companies, Commercial Vehicle Group ranks better than 68.64% on this metric.

As of today (2026-08-23), Commercial Vehicle Group's current share price is €2.62. Commercial Vehicle Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €3.83. Commercial Vehicle Group's Cyclically Adjusted PB Ratio for today is 0.68.

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

FRA:FDU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 2.16   Max: 5.55
Current: 0.73

During the past years, Commercial Vehicle Group's highest Cyclically Adjusted PB Ratio was 5.55. The lowest was 0.22. And the median was 2.16.

FRA:FDU's Cyclically Adjusted PB Ratio is ranked better than
68.64% of 947 companies
in the Vehicles & Parts industry
Industry Median: 1.23 vs FRA:FDU: 0.73

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.

Commercial Vehicle Group's adjusted book value per share data for the three months ended in Jun. 2026 was €3.138. 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 €3.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Commercial Vehicle Group  (FRA:FDU) 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.


Commercial Vehicle Group Cyclically Adjusted PB Ratio Related Terms


Commercial Vehicle Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Commercial Vehicle Group'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.

Commercial Vehicle Group Cyclically Adjusted PB Ratio Chart

Commercial Vehicle Group 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 2.64 1.99 1.88 0.61 0.34

Commercial Vehicle Group 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 0.39 0.40 0.34 0.78 1.05

FRA:FDU vs INVZ, CAAS, SES: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Commercial Vehicle Group'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.


Commercial Vehicle Group Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Commercial Vehicle Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:FDU
58GF Score
Commercial Vehicle Group Inc FRA:FDU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Commercial Vehicle Group 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.

Commercial Vehicle Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.62/3.83
=0.68

* 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.

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

For example, Commercial Vehicle Group'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)
=3.138/333.9520*333.9520
=3.138

Current CPI (Jun. 2026) = 333.9520.

Commercial Vehicle Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.270 241.428 3.140
201612 2.148 241.432 2.971
201703 2.192 243.801 3.003
201706 2.160 244.955 2.945
201709 2.203 246.819 2.981
201712 2.090 246.524 2.831
201803 2.319 249.554 3.103
201806 2.678 251.989 3.549
201809 2.987 252.439 3.952
201812 3.157 251.233 4.196
201903 3.673 254.202 4.825
201906 3.950 256.143 5.150
201909 4.149 256.759 5.396
201912 3.796 256.974 4.933
202003 2.844 258.115 3.680
202006 2.518 257.797 3.262
202009 2.612 260.280 3.351
202012 2.509 260.474 3.217
202103 2.747 264.877 3.463
202106 2.935 271.696 3.608
202109 3.249 274.310 3.955
202112 3.499 278.802 4.191
202203 3.795 287.504 4.408
202206 3.891 296.311 4.385
202209 4.212 296.808 4.739
202212 3.452 296.797 3.884
202303 3.788 301.836 4.191
202306 4.010 305.109 4.389
202309 4.148 307.789 4.501
202312 4.759 306.746 5.181
202403 4.846 312.332 5.181
202406 4.711 314.175 5.008
202409 4.822 315.301 5.107
202412 3.843 315.605 4.066
202503 3.752 319.799 3.918
202506 3.650 322.561 3.779
202509 3.425 324.800 3.522
202512 3.331 324.054 3.433
202603 3.279 330.213 3.316
202606 3.138 333.952 3.138

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 0.68 mean?
Commercial Vehicle Group (FRA:FDU) has a Cyclically Adjusted PB Ratio of 0.68 as of Aug. 23, 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 Commercial Vehicle Group and its competitors. This is 69% below median its historical median of 2.16. Over the past decade, Commercial Vehicle Group's Cyclically Adjusted PB Ratio has ranged from 0.22 to 5.55. According to the industry distribution chart, Commercial Vehicle Group ranks #297 out of 947 companies in the Vehicles & Parts industry, placing it in the top 31.4%.
Is Commercial Vehicle Group's Cyclically Adjusted PB Ratio too high?
Commercial Vehicle Group's current Cyclically Adjusted PB Ratio of 0.68 is 69% below median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 5.55. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.23. Commercial Vehicle Group's value of 0.68 is 44.7% below this industry median. Based on the distribution chart, Commercial Vehicle Group ranks #297 out of 947 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Commercial Vehicle Group has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Commercial Vehicle Group's Cyclically Adjusted PB Ratio compare to INVZ and CAAS?
According to the Vehicles & Parts industry distribution chart, Commercial Vehicle Group ranks #297 out of 947 companies for Cyclically Adjusted PB Ratio. This puts Commercial Vehicle Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Commercial Vehicle Group's value of 0.68 is 44.7% below this benchmark. Historically, Commercial Vehicle Group's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 5.55 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 1.23, Commercial Vehicle Group 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.23, based on 947 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. Commercial Vehicle Group's current Cyclically Adjusted PB Ratio of 0.68 is 44.7% 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 Commercial Vehicle Group and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commercial Vehicle Group's current Cyclically Adjusted PB Ratio is 0.68, which is 69% below median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commercial Vehicle Group stock overvalued right now?
Commercial Vehicle Group (FRA:FDU) has a current Cyclically Adjusted PB Ratio of 0.68. The stock's GF Value™ is €2.30, compared to a current price of €2.62 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.68, which is 69% below median its 10-year median of 2.16 and 44.7% below the Vehicles & Parts industry median of 1.23. Commercial Vehicle Group's overall GF Score™ is 58/100 with 2 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 Commercial Vehicle Group (FRA:FDU), the current Cyclically Adjusted PB Ratio is 0.68 as of Aug. 23, 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 Commercial Vehicle Group (FRA:FDU) Overvalued in 2026?

Based on GuruFocus' analysis, Commercial Vehicle Group stock appears to be overvalued. The current stock price of €2.62 is trading 13.9% above its estimated GF Value™ of €2.30.

Key valuation signals for FRA:FDU:

  • Cyclically Adjusted PB Ratio: 0.68 (69% below median its 10-year median of 2.16)
  • GF Value™: €2.30 vs. price of €2.62 (13.9% above fair value)
  • GF Score™: 58/100 with 2 warning signs
  • Industry Position: 44.7% below the Vehicles & Parts median (#297 of 947)

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


Commercial Vehicle Group Business Description

Other Exchanges CVGI:USA
Address 7800 Walton Parkway, New Albany, OH, USA, 43054
Commercial Vehicle Group Inc and its subsidiaries are a globalised provider of systems, assemblies, and components to international commercial vehicle markets and electric vehicle markets. It delivers real solutions to complex design, engineering, and manufacturing problems while creating positive change for customers, industries, and communities it serves. The company has its manufacturing operations in the United States, Mexico, China, the United Kingdom, the Czech Republic, Ukraine, Morocco, Thailand, India, and Australia. Organisations' products are mainly sold in North America, Europe, and the Asia-Pacific region. It has three segments: Global Seating Segment, Global Electrical systmem, and Trim Systems and Components Segment, with the majority of revenue from Global Seating Segment.
58GF Score

Get the complete analysis for FRA:FDU

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

€2.62
Price
€2.30
GF Value