Metso (FRA:M6QB) Cyclically Adjusted PB Ratio: 5.50 (As of Aug. 12, 2026) — 77% Above 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:M6QB Metso Corp FRA:M6QB
84 GF Score
Price €8.30
GF Value €5.29
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Metso Cyclically Adjusted PB Ratio?

Metso FRA:M6QB +1.22% 84 Cyclically Adjusted PB Ratio is 5.50 as of Aug. 12, 2026, which is 77% above its 10-year median of 3.10. GuruFocus rates FRA:M6QB with a GF Score™ of 84/100 and a GF Value™ of €5.29 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 166 Farm & Heavy Construction Machinery companies, Metso ranks worse than 91.57% on this metric.

As of today (2026-08-12), Metso's current share price is €8.30. Metso's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.51. Metso's Cyclically Adjusted PB Ratio for today is 5.50.

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

FRA:M6QB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 3.1   Max: 5.66
Current: 5.28

During the past years, Metso's highest Cyclically Adjusted PB Ratio was 5.66. The lowest was 1.13. And the median was 3.10.

FRA:M6QB's Cyclically Adjusted PB Ratio is ranked worse than
91.57% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.565 vs FRA:M6QB: 5.28

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.

Metso's adjusted book value per share data for the three months ended in Jun. 2026 was €1.573. 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 €1.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metso  (FRA:M6QB) 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.


Metso Cyclically Adjusted PB Ratio Related Terms


Metso Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Metso'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.

Metso Cyclically Adjusted PB Ratio Chart

Metso 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 3.44 3.23 2.99 2.89 4.78

Metso 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 3.53 3.74 4.78 4.64 4.79

FRA:M6QB vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Metso'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.


Metso Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Metso's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:M6QB
84GF Score
Metso Corp FRA:M6QB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metso 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.

Metso's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.30/1.51
=5.50

* 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.

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

For example, Metso'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)
=1.573/125.0800*125.0800
=1.573

Current CPI (Jun. 2026) = 125.0800.

Metso Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.465 100.540 1.823
201612 1.364 101.020 1.689
201703 1.342 100.910 1.663
201706 1.300 101.140 1.608
201709 1.297 101.320 1.601
201712 1.278 101.510 1.575
201803 1.243 101.730 1.528
201806 1.222 102.320 1.494
201809 1.243 102.600 1.515
201812 1.030 102.710 1.254
201903 1.028 102.870 1.250
201906 1.015 103.360 1.228
201909 1.028 103.540 1.242
201912 3.442 103.650 4.154
202003 0.894 103.490 1.081
202006 1.210 103.320 1.465
202009 1.208 103.710 1.457
202012 1.230 103.890 1.481
202103 1.283 104.870 1.530
202106 1.234 105.360 1.465
202109 1.278 106.290 1.504
202112 1.359 107.490 1.581
202203 1.429 110.950 1.611
202206 1.303 113.570 1.435
202209 1.383 114.920 1.505
202212 1.418 117.320 1.512
202303 1.494 119.750 1.560
202306 1.425 120.690 1.477
202309 1.505 121.280 1.552
202312 1.578 121.540 1.624
202403 1.651 122.360 1.688
202406 1.538 122.230 1.574
202409 1.476 122.260 1.510
202412 1.572 122.390 1.607
202503 1.636 123.010 1.664
202506 1.458 122.530 1.488
202509 1.543 122.880 1.571
202512 1.609 122.670 1.641
202603 1.691 124.670 1.697
202606 1.573 125.080 1.573

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 5.50 mean?
Metso (FRA:M6QB) has a Cyclically Adjusted PB Ratio of 5.50 as of Aug. 12, 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 Metso and its competitors. This is 77% above median its historical median of 3.10. Over the past decade, Metso's Cyclically Adjusted PB Ratio has ranged from 1.13 to 5.66. According to the industry distribution chart, Metso ranks #152 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 91.6%.
Is Metso's Cyclically Adjusted PB Ratio too high?
Metso's current Cyclically Adjusted PB Ratio of 5.50 is 77% above median its 10-year median of 3.10. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 5.66. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.57. Metso's value of 5.50 is 251.4% above this industry median. Based on the distribution chart, Metso ranks #152 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Metso has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metso's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Metso ranks #152 out of 166 companies for Cyclically Adjusted PB Ratio. This places Metso in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. Metso's value of 5.50 is 251.4% above this benchmark. Historically, Metso's own Cyclically Adjusted PB Ratio has ranged from 1.13 to 5.66 over the past decade. While the company's 10-year median is 3.10 vs. the industry median of 1.57, Metso has consistently been above 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.57, based on 166 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. Metso's current Cyclically Adjusted PB Ratio of 5.50 is 251.4% above 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 Metso and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metso's current Cyclically Adjusted PB Ratio is 5.50, which is 77% above median its own 10-year median of 3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metso stock overvalued right now?
Based on GuruFocus' analysis, Metso (FRA:M6QB) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.29, compared to a current price of €8.30 — trading 56.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.50, which is 77% above median its 10-year median of 3.10 and 251.4% above the Farm & Heavy Construction Machinery industry median of 1.57. Metso's overall GF Score™ is 84/100 with 5 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 Metso (FRA:M6QB), the current Cyclically Adjusted PB Ratio is 5.50 as of Aug. 12, 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 Metso (FRA:M6QB) Overvalued in 2026?

Based on GuruFocus' analysis, Metso stock appears to be overvalued. The current stock price of €8.30 is trading 56.9% above its estimated GF Value™ of €5.29. GuruFocus considers Metso to be Significantly Overvalued.

Key valuation signals for FRA:M6QB:

  • Cyclically Adjusted PB Ratio: 5.50 (77% above median its 10-year median of 3.10)
  • GF Value™: €5.29 vs. price of €8.30 (56.9% above fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 251.4% above the Farm & Heavy Construction Machinery median (#152 of 166)

No single metric tells the full story. See the FRA:M6QB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metso Business Description

Address Rauhalanpuisto 9, Helsinki, FIN, 02330
Metso is a Finland-based supplier of equipment, process technologies, services, and consumables for the mining and aggregates industries. Headquartered in Helsinki, the company was created in 2020 through the merger of Metso Minerals and Outotec, combining decades of expertise in minerals processing and metallurgical technologies. Metso operates through two segments: minerals, which provides crushing, grinding, flotation, filtration, tailings, and slurry-handling equipment along with related services for global hard-rock mining customers; and aggregates, which supplies mobile and stationary crushers, screens, and aftermarket wear parts mainly for construction aggregates producers.
84GF Score

Get the complete analysis for FRA:M6QB

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

€8.30
Price
€5.29
GF Value