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Mikron Holding AGFRA:MH4N +0.55%71 Cyclically Adjusted PB Ratio is 1.52 as of Aug. 06, 2026, which is 77% above its 10-year median of 0.86. GuruFocus rates FRA:MH4N with a GF Score™ of 71/100 and a GF Value™ of €16.70 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,254 Industrial Products companies, Mikron Holding AG ranks better than 61.71% on this metric.
The historical rank and industry rank for Mikron Holding AG's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:MH4N'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.86 Max: 1.96
Current: 1.49
During the past 13 years, Mikron Holding AG's highest Cyclically Adjusted PB Ratio was 1.96. The lowest was 0.47. And the median was 0.86.
FRA:MH4N's Cyclically Adjusted PB Ratio is ranked better than 61.71% of 2254
companies
in the Industrial Products industry
Industry Median: 2.065
vs FRA:MH4N: 1.49
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.
Mikron Holding AG's adjusted book value per share data of for the fiscal year that ended in Dec25 was €15.196. 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 €11.96 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Mikron Holding AG (FRA:MH4N) 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.
Mikron Holding AG Cyclically Adjusted PB Ratio Related Terms
Mikron Holding AG Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Mikron Holding AG'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.
Mikron Holding AG Cyclically Adjusted PB Ratio Chart
FRA:MH4N vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison
For the Specialty Industrial Machinery subindustry, Mikron Holding AG'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.
Mikron Holding AG Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mikron Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Mikron Holding AG's Cyclically Adjusted PB Ratio falls into.
Mikron Holding AG 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.
Mikron Holding AG'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 1.52 mean?
Mikron Holding AG (FRA:MH4N) has a Cyclically Adjusted PB Ratio of 1.52 as of Aug. 06, 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 Mikron Holding AG and its competitors. This is 77% above median its historical median of 0.86. Over the past decade, Mikron Holding AG's Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.96. According to the industry distribution chart, Mikron Holding AG ranks #863 out of 2254 companies in the Industrial Products industry, placing it in the top 38.3%.
Is Mikron Holding AG's Cyclically Adjusted PB Ratio too high?
Mikron Holding AG's current Cyclically Adjusted PB Ratio of 1.52 is 77% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.96. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Mikron Holding AG's value of 1.52 is 26.4% below this industry median. Based on the distribution chart, Mikron Holding AG ranks #863 out of 2254 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mikron Holding AG has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mikron Holding AG's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mikron Holding AG ranks #863 out of 2254 companies for Cyclically Adjusted PB Ratio. This puts Mikron Holding AG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Mikron Holding AG's value of 1.52 is 26.4% below this benchmark. Historically, Mikron Holding AG's own Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.96 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 2.07, Mikron Holding AG 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 2.07, based on 2,254 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. Mikron Holding AG's current Cyclically Adjusted PB Ratio of 1.52 is 26.4% 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 Mikron Holding AG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mikron Holding AG's current Cyclically Adjusted PB Ratio is 1.52, which is 77% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mikron Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Mikron Holding AG (FRA:MH4N) is currently considered Fairly Valued. The stock's GF Value™ is €16.70, compared to a current price of €18.20 — trading 9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is 77% above median its 10-year median of 0.86 and 26.4% below the Industrial Products industry median of 2.07. Mikron Holding AG's overall GF Score™ is 71/100 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 Mikron Holding AG (FRA:MH4N), the current Cyclically Adjusted PB Ratio is 1.52 as of Aug. 06, 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 Mikron Holding AG (FRA:MH4N) Overvalued in 2026?
Based on GuruFocus' analysis, Mikron Holding AG stock appears to be overvalued.
The current stock price of €18.20 is trading 9% above its estimated GF Value™ of €16.70.
GuruFocus considers Mikron Holding AG to be Fairly Valued.
Key valuation signals for FRA:MH4N:
Cyclically Adjusted PB Ratio: 1.52 (77% above median its 10-year median of 0.86)
GF Value™: €16.70 vs. price of €18.20 (9% above fair value)
Industry Position: 26.4% below the Industrial Products median (#863 of 2254)
No single metric tells the full story. See the FRA:MH4N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mikron Holding AG develops and markets automation solutions, machining systems, and cutting tools that are precise, productive, and adaptable. It operates in two segments, Mikron Automation the partner for scalable and customized assembly systems-from the first idea to the highest performance solutions; and Mikron Machining Solutions segment comprises the two divisions Mikron Machining the supplier of customized, productive machining systems for the manufacturing of complex high-precision components made of metal such as turbocharger housings, injection nozzles and ballpoint pen tips, and The Mikron Tool division develops and produces the therefore necessary high-performance cutting tools.
71GF Score
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