Mastech Digital (FRA:MS4A) Cyclically Adjusted PB Ratio: 1.18 (As of Jul. 29, 2026) — 64% Below Median

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FRA:MS4A Mastech Digital Inc FRA:MS4A
69 GF Score
Price €6.45
GF Value €5.86
! 5 Warning Signs
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What is Mastech Digital Cyclically Adjusted PB Ratio?

Mastech Digital FRA:MS4A -0.77% 69 Cyclically Adjusted PB Ratio is 1.18 as of Jul. 29, 2026, which is 64% below its 10-year median of 3.24. GuruFocus rates FRA:MS4A with a GF Score™ of 69/100 and a GF Value™ of €5.86. The stock has 5 warning signs investors should review. Among 728 Business Services companies, Mastech Digital ranks better than 57.01% on this metric.

As of today (2026-07-29), Mastech Digital's current share price is €6.45. Mastech Digital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.46. Mastech Digital's Cyclically Adjusted PB Ratio for today is 1.18.

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

FRA:MS4A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 3.24   Max: 12.48
Current: 1.29

During the past years, Mastech Digital's highest Cyclically Adjusted PB Ratio was 12.48. The lowest was 0.95. And the median was 3.24.

FRA:MS4A's Cyclically Adjusted PB Ratio is ranked better than
57.01% of 728 companies
in the Business Services industry
Industry Median: 1.56 vs FRA:MS4A: 1.29

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.

Mastech Digital's adjusted book value per share data for the three months ended in Mar. 2026 was €6.566. 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 €5.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mastech Digital  (FRA:MS4A) 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.


Mastech Digital Cyclically Adjusted PB Ratio Related Terms


Mastech Digital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mastech Digital'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.

Mastech Digital Cyclically Adjusted PB Ratio Chart

Mastech Digital 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 5.71 2.95 1.89 2.90 1.20

Mastech Digital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.91 1.30 1.34 1.20 0.94

FRA:MS4A vs CIRC, BGSF, NIXX: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Mastech Digital'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.


Mastech Digital Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Mastech Digital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:MS4A
69GF Score
Mastech Digital Inc FRA:MS4A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mastech Digital 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.

Mastech Digital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.45/5.46
=1.18

* 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.

Mastech Digital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Mastech Digital's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.566/330.2130*330.2130
=6.566

Current CPI (Mar. 2026) = 330.2130.

Mastech Digital Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.728 241.018 2.367
201609 1.823 241.428 2.493
201612 2.010 241.432 2.749
201703 2.015 243.801 2.729
201706 1.963 244.955 2.646
201709 2.008 246.819 2.686
201712 2.101 246.524 2.814
201803 2.130 249.554 2.818
201806 2.468 251.989 3.234
201809 2.588 252.439 3.385
201812 2.741 251.233 3.603
201903 2.851 254.202 3.704
201906 3.347 256.143 4.315
201909 3.606 256.759 4.638
201912 3.768 256.974 4.842
202003 3.945 258.115 5.047
202006 4.156 257.797 5.323
202009 4.242 260.280 5.382
202012 4.295 260.474 5.445
202103 4.516 264.877 5.630
202106 4.792 271.696 5.824
202109 5.215 274.310 6.278
202112 5.745 278.802 6.804
202203 6.115 287.504 7.023
202206 6.640 296.311 7.400
202209 7.343 296.808 8.169
202212 6.985 296.797 7.771
202303 6.983 301.836 7.640
202306 6.793 305.109 7.352
202309 6.963 307.789 7.470
202312 6.439 306.746 6.932
202403 6.469 312.332 6.839
202406 6.683 314.175 7.024
202409 6.660 315.301 6.975
202412 7.124 315.605 7.454
202503 6.836 319.799 7.059
202506 6.468 322.561 6.621
202509 6.429 324.800 6.536
202512 6.523 324.054 6.647
202603 6.566 330.213 6.566

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.

What does a Cyclically Adjusted PB Ratio of 1.18 mean?
Mastech Digital (FRA:MS4A) has a Cyclically Adjusted PB Ratio of 1.18 as of Jul. 29, 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 Mastech Digital and its competitors. This is 64% below median its historical median of 3.24. Over the past decade, Mastech Digital's Cyclically Adjusted PB Ratio has ranged from 0.95 to 12.48. According to the industry distribution chart, Mastech Digital ranks #313 out of 728 companies in the Business Services industry, placing it in the top 43%.
Is Mastech Digital's Cyclically Adjusted PB Ratio too high?
Mastech Digital's current Cyclically Adjusted PB Ratio of 1.18 is 64% below median its 10-year median of 3.24. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 12.48. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Mastech Digital's value of 1.18 is 24.4% below this industry median. Based on the distribution chart, Mastech Digital ranks #313 out of 728 companies in the Business Services industry, which is above the industry midpoint. Overall, Mastech Digital has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Mastech Digital's Cyclically Adjusted PB Ratio compare to CIRC and BGSF?
According to the Business Services industry distribution chart, Mastech Digital ranks #313 out of 728 companies for Cyclically Adjusted PB Ratio. This puts Mastech Digital in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Mastech Digital's value of 1.18 is 24.4% below this benchmark. Historically, Mastech Digital's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 12.48 over the past decade. While the company's 10-year median is 3.24 vs. the industry median of 1.56, Mastech Digital 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. Mastech Digital's current Cyclically Adjusted PB Ratio of 1.18 is 24.4% 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 Mastech Digital 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. Mastech Digital's current Cyclically Adjusted PB Ratio is 1.18, which is 64% below median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mastech Digital stock overvalued right now?
Mastech Digital (FRA:MS4A) has a current Cyclically Adjusted PB Ratio of 1.18. The stock's GF Value™ is €5.86, compared to a current price of €6.45 — trading 10.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.18, which is 64% below median its 10-year median of 3.24 and 24.4% below the Business Services industry median of 1.56. Mastech Digital's overall GF Score™ is 69/100 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 Mastech Digital (FRA:MS4A), the current Cyclically Adjusted PB Ratio is 1.18 as of Jul. 29, 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 Mastech Digital (FRA:MS4A) Overvalued in 2026?

Based on GuruFocus' analysis, Mastech Digital stock appears to be overvalued. The current stock price of €6.45 is trading 10.1% above its estimated GF Value™ of €5.86.

Key valuation signals for FRA:MS4A:

  • Cyclically Adjusted PB Ratio: 1.18 (64% below median its 10-year median of 3.24)
  • GF Value™: €5.86 vs. price of €6.45 (10.1% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 24.4% below the Business Services median (#313 of 728)

No single metric tells the full story. See the FRA:MS4A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mastech Digital Business Description

Other Exchanges MHH:USA
Address 1305 Cherrington Parkway, Building 210, Suite 400, Moon Township, PA, USA, 15108
Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. The IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. The company derives a majority of its revenue from IT staffing services. Geographically, the majority of revenue is generated from the United States.
69GF Score

Get the complete analysis for FRA:MS4A

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

€6.45
Price
€5.86
GF Value