Seanergy Maritime Holdings (FRA:RHS) Cyclically Adjusted PB Ratio: 0.02 (As of Jul. 22, 2026) — Near Median

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FRA:RHS Seanergy Maritime Holdings Corp FRA:RHS
74 GF Score
Price €13.20
GF Value €9.25
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Seanergy Maritime Holdings Cyclically Adjusted PB Ratio?

Seanergy Maritime Holdings FRA:RHS +9.09% 74 Cyclically Adjusted PB Ratio is 0.02 as of Jul. 22, 2026, which is at its 10-year median of 0.02. GuruFocus rates FRA:RHS with a GF Score™ of 74/100 and a GF Value™ of €9.25 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 738 Transportation companies, Seanergy Maritime Holdings ranks better than 99.46% on this metric.

As of today (2026-07-22), Seanergy Maritime Holdings's current share price is €13.20. Seanergy Maritime Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €536.92. Seanergy Maritime Holdings's Cyclically Adjusted PB Ratio for today is 0.02.

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

FRA:RHS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.27
Current: 0.02

During the past years, Seanergy Maritime Holdings's highest Cyclically Adjusted PB Ratio was 0.27. The lowest was 0.01. And the median was 0.02.

FRA:RHS's Cyclically Adjusted PB Ratio is ranked better than
99.46% of 738 companies
in the Transportation industry
Industry Median: 1.245 vs FRA:RHS: 0.02

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.

Seanergy Maritime Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was €11.548. 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 €536.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Seanergy Maritime Holdings  (FRA:RHS) 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.


Seanergy Maritime Holdings Cyclically Adjusted PB Ratio Related Terms


Seanergy Maritime Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Seanergy Maritime 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.

Seanergy Maritime Holdings Cyclically Adjusted PB Ratio Chart

Seanergy Maritime Holdings 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 0.00 0.00 0.01 0.01 0.01

Seanergy Maritime Holdings 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 0.01 0.01 0.01 0.01 0.02

FRA:RHS vs GASS, DSX, SMHI: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Seanergy Maritime 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.


Seanergy Maritime Holdings Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Seanergy Maritime Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:RHS
74GF Score
Seanergy Maritime Holdings Corp FRA:RHS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seanergy Maritime 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.

Seanergy Maritime Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.20/536.92
=0.02

* 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.

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

For example, Seanergy Maritime Holdings'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)
=11.548/124.8200*124.8200
=11.548

Current CPI (Mar. 2026) = 124.8200.

Seanergy Maritime Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 100.121 0.000
201609 1,896.111 99.878 2,369.612
201612 2,087.786 100.110 2,603.124
201703 1,664.733 100.770 2,062.046
201706 0.000 101.138 0.000
201709 2,313.467 100.882 2,862.434
201712 2,327.267 100.762 2,882.915
201803 1,886.375 100.534 2,342.062
201806 1,531.938 102.121 1,872.458
201809 1,251.063 101.982 1,531.234
201812 1,101.471 101.330 1,356.812
201903 662.222 101.482 814.512
201906 0.000 101.837 0.000
201909 143.750 101.906 176.073
201912 159.952 102.120 195.507
202003 107.701 101.479 132.474
202006 17.163 100.239 21.372
202009 11.069 99.886 13.832
202012 11.515 99.751 14.409
202103 10.119 99.817 12.654
202106 9.823 101.270 12.107
202109 10.814 102.095 13.221
202112 12.507 104.853 14.889
202203 11.760 108.651 13.510
202206 12.389 113.517 13.623
202209 12.517 114.371 13.661
202212 11.504 112.428 12.772
202303 10.262 113.620 11.274
202306 10.377 115.515 11.213
202309 10.389 116.234 11.156
202312 10.668 116.364 11.443
202403 10.789 117.285 11.482
202406 11.431 118.129 12.079
202409 11.478 119.650 11.974
202412 12.289 119.360 12.851
202503 11.275 120.133 11.715
202506 10.691 121.399 10.992
202509 10.948 121.950 11.206
202512 11.381 122.450 11.601
202603 11.548 124.820 11.548

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 0.02 mean?
Seanergy Maritime Holdings (FRA:RHS) has a Cyclically Adjusted PB Ratio of 0.02 as of Jul. 22, 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 Seanergy Maritime Holdings and its competitors. This is near median its historical median of 0.02. Over the past decade, Seanergy Maritime Holdings' Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.27. According to the industry distribution chart, Seanergy Maritime Holdings ranks #4 out of 738 companies in the Transportation industry, placing it in the top 0.5%.
Is Seanergy Maritime Holdings' Cyclically Adjusted PB Ratio too high?
Seanergy Maritime Holdings' current Cyclically Adjusted PB Ratio of 0.02 is near median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.27. The Transportation industry median Cyclically Adjusted PB Ratio is 1.25. Seanergy Maritime Holdings' value of 0.02 is 98.4% below this industry median. Based on the distribution chart, Seanergy Maritime Holdings ranks #4 out of 738 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Seanergy Maritime Holdings has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seanergy Maritime Holdings' Cyclically Adjusted PB Ratio compare to GASS and DSX?
According to the Transportation industry distribution chart, Seanergy Maritime Holdings ranks #4 out of 738 companies for Cyclically Adjusted PB Ratio. This places Seanergy Maritime Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Seanergy Maritime Holdings' value of 0.02 is 98.4% below this benchmark. Historically, Seanergy Maritime Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.27 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 1.25, Seanergy Maritime 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.25, based on 738 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. Seanergy Maritime Holdings's current Cyclically Adjusted PB Ratio of 0.02 is 98.4% 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 Seanergy Maritime Holdings and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seanergy Maritime Holdings's current Cyclically Adjusted PB Ratio is 0.02, which is near median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seanergy Maritime Holdings stock overvalued right now?
Based on GuruFocus' analysis, Seanergy Maritime Holdings (FRA:RHS) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.25, compared to a current price of €13.20 — trading 42.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.02, which is near median its 10-year median of 0.02 and 98.4% below the Transportation industry median of 1.25. Seanergy Maritime Holdings' overall GF Score™ is 74/100 with 9 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 Seanergy Maritime Holdings (FRA:RHS), the current Cyclically Adjusted PB Ratio is 0.02 as of Jul. 22, 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 Seanergy Maritime Holdings (FRA:RHS) Overvalued in 2026?

Based on GuruFocus' analysis, Seanergy Maritime Holdings stock appears to be overvalued. The current stock price of €13.20 is trading 42.7% above its estimated GF Value™ of €9.25. GuruFocus considers Seanergy Maritime Holdings to be Significantly Overvalued.

Key valuation signals for FRA:RHS:

  • Cyclically Adjusted PB Ratio: 0.02 (near median its 10-year median of 0.02)
  • GF Value™: €9.25 vs. price of €13.20 (42.7% above fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 98.4% below the Transportation median (#4 of 738)

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


Seanergy Maritime Holdings Business Description

Other Exchanges SHIP:USARHS:Germany
Address 154 Vouliagmenis Avenue, Glyfada, Athens, GRC, 166 74
Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through a modern fleet of Capesize vessels. It generates a majority of its revenue from the vessels. The company's fleet of vessels includes Blueship, Meiship, Kaizenship, Iconship, Titanship, Flagship, Paroship, Worldship, Hellasship, Partnership, Championship, Patriotship, Dukeship, Honorship, Fellowship, Knightship, Lordship, Premiership, Squireship, and Friendship.
74GF Score

Get the complete analysis for FRA:RHS

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

€13.20
Price
€9.25
GF Value