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.
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.
A-Smart HoldingsFRA:IOTA Cyclically Adjusted PB Ratio is 0.92 as of Aug. 04, 2026, which is 229% above its 10-year median of 0.28. The stock has 6 warning signs investors should review. Among 728 Business Services companies, A-Smart Holdings ranks better than 65.11% on this metric.
The historical rank and industry rank for A-Smart Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:IOTA'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.28 Max: 2.9
Current: 1.04
During the past 13 years, A-Smart Holdings's highest Cyclically Adjusted PB Ratio was 2.90. The lowest was 0.12. And the median was 0.28.
FRA:IOTA's Cyclically Adjusted PB Ratio is ranked better than 65.11% of 728
companies
in the Business Services industry
Industry Median: 1.555
vs FRA:IOTA: 1.04
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.
A-Smart Holdings's adjusted book value per share data of for the fiscal year that ended in Jul25 was €0.064. 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 €0.06 for the trailing ten years ended in Jul25.
Shiller PE for Stocks: The True Measure of Stock Valuation
A-Smart Holdings (FRA:IOTA) 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.
A-Smart Holdings Cyclically Adjusted PB Ratio Related Terms
A-Smart Holdings Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for A-Smart Holdings'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.
A-Smart Holdings Cyclically Adjusted PB Ratio Chart
FRA:IOTA vs CTAS, CPRT, GPN: Cyclically Adjusted PB Ratio Comparison
For the Specialty Business Services subindustry, A-Smart Holdings'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.
A-Smart Holdings Cyclically Adjusted PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, A-Smart Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where A-Smart Holdings's Cyclically Adjusted PB Ratio falls into.
A-Smart Holdings 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.
A-Smart Holdings's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.92 mean?
A-Smart Holdings (FRA:IOTA) has a Cyclically Adjusted PB Ratio of 0.92 as of Aug. 04, 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 A-Smart Holdings and its competitors. This is 229% above median its historical median of 0.28. Over the past decade, A-Smart Holdings' Cyclically Adjusted PB Ratio has ranged from 0.12 to 2.90. According to the industry distribution chart, A-Smart Holdings ranks #254 out of 728 companies in the Business Services industry, placing it in the top 34.9%.
Is A-Smart Holdings' Cyclically Adjusted PB Ratio too high?
A-Smart Holdings' current Cyclically Adjusted PB Ratio of 0.92 is 229% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 2.90. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. A-Smart Holdings' value of 0.92 is 40.8% below this industry median. Based on the distribution chart, A-Smart Holdings ranks #254 out of 728 companies in the Business Services industry, which is above the industry midpoint.
How does A-Smart Holdings' Cyclically Adjusted PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, A-Smart Holdings ranks #254 out of 728 companies for Cyclically Adjusted PB Ratio. This puts A-Smart Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. A-Smart Holdings' value of 0.92 is 40.8% below this benchmark. Historically, A-Smart Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.12 to 2.90 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 1.56, A-Smart Holdings 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 728 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. A-Smart Holdings's current Cyclically Adjusted PB Ratio of 0.92 is 40.8% 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 A-Smart Holdings and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A-Smart Holdings's current Cyclically Adjusted PB Ratio is 0.92, which is 229% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A-Smart Holdings stock overvalued right now?
Based on GuruFocus' analysis, A-Smart Holdings (FRA:IOTA) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.06 — trading 37.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 229% above median its 10-year median of 0.28 and 40.8% below the Business Services industry median of 1.56. 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 A-Smart Holdings (FRA:IOTA), the current Cyclically Adjusted PB Ratio is 0.92 as of Aug. 04, 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.
A-Smart Holdings Ltd is an investment holding company operating through segments that include Print and media, covering printing of financial and corporate publications such as reports, prospectuses, brochures, magazines, and other commercial materials, along with events management. The Property segment is involved in property development, while Smart Technologies focuses on developing, selling, and redistributing smart IT solutions, gadgets, software, and hardware products. The Corporate and others segment includes corporate office functions, shared services, and long-term investments in non-quoted equities. The majority of its revenue comes from Print and media, and it derives revenue from Singapore.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:IOTA has been successfully added to your 
