Cembre SpA (FRA:J0L) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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.
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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:J0L Cembre SpA FRA:J0L
89 GF Score
Price €87.00
GF Value €49.24
Valuation Significantly Overvalued
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What is Cembre SpA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cembre SpA  (FRA:J0L) 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.


Cembre SpA Cyclically Adjusted PB Ratio Related Terms


Cembre SpA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cembre 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.

Cembre SpA Cyclically Adjusted PB Ratio Chart

Cembre 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 - - 3.50 3.66 5.76

Cembre 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 5.09 4.76 5.93 5.64 7.31

FRA:J0L vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Cembre 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.


Cembre SpA Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:J0L
89GF Score
Cembre SpA FRA:J0L
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cembre 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.

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

For example, Cembre 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)
=13.566/126.4000*126.4000
=13.566

Current CPI (Jun. 2026) = 126.4000.

Cembre SpA Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.840 100.100 9.900
201612 8.127 100.300 10.242
201703 8.369 101.000 10.474
201706 7.924 101.100 9.907
201709 8.028 101.200 10.027
201712 8.560 101.200 10.692
201803 8.934 101.800 11.093
201806 8.476 102.400 10.463
201809 8.776 102.600 10.812
201812 9.143 102.300 11.297
201903 9.558 102.800 11.752
201906 8.986 103.100 11.017
201909 9.270 102.900 11.387
201912 9.595 102.800 11.798
202003 9.887 102.900 12.145
202006 9.112 102.900 11.193
202009 9.355 102.300 11.559
202012 9.771 102.600 12.038
202103 10.188 103.700 12.418
202106 9.819 104.200 11.911
202109 10.164 104.900 12.247
202112 10.508 106.600 12.460
202203 11.006 110.400 12.601
202206 10.423 112.500 11.711
202209 10.798 114.200 11.952
202212 11.208 119.000 11.905
202303 11.856 118.800 12.614
202306 11.258 119.700 11.888
202309 11.764 120.300 12.361
202312 12.247 119.700 12.933
202403 12.854 120.200 13.517
202406 11.731 120.700 12.285
202409 12.221 121.200 12.745
202412 13.068 121.200 13.629
202503 13.733 122.500 14.170
202506 12.431 122.700 12.806
202509 12.983 123.100 13.331
202512 13.862 122.600 14.292
202603 14.721 124.560 14.938
202606 13.566 126.400 13.566

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 Cembre SpA (FRA:J0L) Overvalued in 2026?

Based on GuruFocus' analysis, Cembre SpA stock appears to be overvalued. The current stock price of €87.00 is trading 76.7% above its estimated GF Value™ of €49.24. GuruFocus considers Cembre SpA to be Significantly Overvalued.

Key valuation signals for FRA:J0L:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €49.24 vs. price of €87.00 (76.7% above fair value)
  • GF Score™: 89/100

No single metric tells the full story. See the FRA:J0L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cembre SpA Business Description

Other Exchanges CMB:ItalyCMBm:UK0DXU:UK
Address Via Serenissima 9, Brescia, ITA, 25135
Cembre SpA specializes in the design, manufacture, and marketing of solutions for the connection and termination of electrical conductors, along with wiring tools. The Group mainly operates in the industrial, railway, and power & utilities markets, offering a comprehensive portfolio across six main categories: electrical connectors and cable accessories; hydraulic, mechanical, and pneumatic tools; cable glands and ducts; terminals and terminal blocks; industrial marking products; and railway-specific equipment. Its key product categories include cable lugs, tools, marking systems, cable glands and cable entry systems, and wiring accessories. The company operates in Italy, the rest of Europe (which generates the majority of its revenue), and the rest of the world.
89GF Score

Get the complete analysis for FRA:J0L

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

€87.00
Price
€49.24
GF Value