SAF Holland SE (FRA:SFQ) Cyclically Adjusted PB Ratio: 2.16 (As of Jul. 26, 2026) — 23% 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:SFQ SAF Holland SE FRA:SFQ
58 GF Score
Price €20.80
GF Value €11.55
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is SAF Holland SE Cyclically Adjusted PB Ratio?

SAF Holland SE FRA:SFQ +1.71% 58 Cyclically Adjusted PB Ratio is 2.16 as of Jul. 26, 2026, which is 23% above its 10-year median of 1.75. GuruFocus rates FRA:SFQ with a GF Score™ of 58/100 and a GF Value™ of €11.55 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,027 Vehicles & Parts companies, SAF Holland SE ranks worse than 65.82% on this metric.

As of today (2026-07-26), SAF Holland SE's current share price is €20.80. SAF Holland SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €9.62. SAF Holland SE's Cyclically Adjusted PB Ratio for today is 2.16.

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

FRA:SFQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.75   Max: 3.4
Current: 2.16

During the past years, SAF Holland SE's highest Cyclically Adjusted PB Ratio was 3.40. The lowest was 0.59. And the median was 1.75.

FRA:SFQ's Cyclically Adjusted PB Ratio is ranked worse than
65.82% of 1027 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs FRA:SFQ: 2.16

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.

SAF Holland SE's adjusted book value per share data for the three months ended in Mar. 2026 was €11.371. 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 €9.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SAF Holland SE  (FRA:SFQ) 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.


SAF Holland SE Cyclically Adjusted PB Ratio Related Terms


SAF Holland SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SAF Holland SE'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.

SAF Holland SE Cyclically Adjusted PB Ratio Chart

SAF Holland SE 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 1.84 1.16 1.85 1.64 1.60

SAF Holland SE 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 1.81 1.85 1.57 1.60 1.68

FRA:SFQ vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, SAF Holland SE'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.


SAF Holland SE Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SAF Holland SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:SFQ
58GF Score
SAF Holland SE FRA:SFQ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SAF Holland SE 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.

SAF Holland SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.80/9.62
=2.16

* 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.

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

For example, SAF Holland SE'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)
=11.371/131.2583*131.2583
=11.371

Current CPI (Mar. 2026) = 131.2583.

SAF Holland SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.309 100.717 8.222
201609 6.490 101.017 8.433
201612 6.622 101.217 8.587
201703 6.855 101.417 8.872
201706 6.355 102.117 8.169
201709 6.412 102.717 8.194
201712 6.583 102.617 8.420
201803 6.651 102.917 8.483
201806 6.544 104.017 8.258
201809 6.685 104.718 8.379
201812 6.763 104.217 8.518
201903 7.500 104.217 9.446
201906 7.165 105.718 8.896
201909 7.315 106.018 9.057
201912 6.719 105.818 8.334
202003 6.940 105.718 8.617
202006 6.761 106.618 8.324
202009 6.615 105.818 8.205
202012 6.561 105.518 8.162
202103 7.100 107.518 8.668
202106 7.359 108.486 8.904
202109 7.773 109.435 9.323
202112 8.156 110.384 9.698
202203 8.582 113.968 9.884
202206 9.470 115.760 10.738
202209 10.294 118.818 11.372
202212 9.705 119.345 10.674
202303 9.890 122.402 10.606
202306 9.484 123.140 10.109
202309 10.317 124.195 10.904
202312 10.421 123.773 11.051
202403 10.994 125.038 11.541
202406 10.769 125.882 11.229
202409 10.600 126.198 11.025
202412 11.532 127.041 11.915
202503 11.799 127.779 12.120
202506 10.237 128.412 10.464
202509 10.512 129.255 10.675
202512 10.837 129.361 10.996
202603 11.371 131.258 11.371

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 2.16 mean?
SAF Holland SE (FRA:SFQ) has a Cyclically Adjusted PB Ratio of 2.16 as of Jul. 26, 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 SAF Holland SE and its competitors. This is 23% above median its historical median of 1.75. Over the past decade, SAF Holland SE's Cyclically Adjusted PB Ratio has ranged from 0.59 to 3.40. According to the industry distribution chart, SAF Holland SE ranks #676 out of 1027 companies in the Vehicles & Parts industry, placing it in the top 65.8%.
Is SAF Holland SE's Cyclically Adjusted PB Ratio too high?
SAF Holland SE's current Cyclically Adjusted PB Ratio of 2.16 is 23% above median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 3.40. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. SAF Holland SE's value of 2.16 is 71.4% above this industry median. Based on the distribution chart, SAF Holland SE ranks #676 out of 1027 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, SAF Holland SE has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SAF Holland SE's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, SAF Holland SE ranks #676 out of 1027 companies for Cyclically Adjusted PB Ratio. This places SAF Holland SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. SAF Holland SE's value of 2.16 is 71.4% above this benchmark. Historically, SAF Holland SE's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 3.40 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 1.26, SAF Holland SE 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,027 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. SAF Holland SE's current Cyclically Adjusted PB Ratio of 2.16 is 71.4% 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 SAF Holland SE and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAF Holland SE's current Cyclically Adjusted PB Ratio is 2.16, which is 23% above median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAF Holland SE stock overvalued right now?
Based on GuruFocus' analysis, SAF Holland SE (FRA:SFQ) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.55, compared to a current price of €20.80 — trading 80.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.16, which is 23% above median its 10-year median of 1.75 and 71.4% above the Vehicles & Parts industry median of 1.26. SAF Holland SE's overall GF Score™ is 58/100 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 SAF Holland SE (FRA:SFQ), the current Cyclically Adjusted PB Ratio is 2.16 as of Jul. 26, 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 SAF Holland SE (FRA:SFQ) Overvalued in 2026?

Based on GuruFocus' analysis, SAF Holland SE stock appears to be overvalued. The current stock price of €20.80 is trading 80.1% above its estimated GF Value™ of €11.55. GuruFocus considers SAF Holland SE to be Significantly Overvalued.

Key valuation signals for FRA:SFQ:

  • Cyclically Adjusted PB Ratio: 2.16 (23% above median its 10-year median of 1.75)
  • GF Value™: €11.55 vs. price of €20.80 (80.1% above fair value)
  • GF Score™: 58/100 with 9 warning signs
  • Industry Position: 71.4% above the Vehicles & Parts median (#676 of 1027)

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


SAF Holland SE Business Description

Address Hauptstrasse 26, Bessenbach, BY, DEU, D-63856
SAF Holland SE is a manufacturer of chassis-related systems and components for trailers, trucks, and buses. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear, and is marketed under the brands SAF, Holland, V.Orlandi, Neway, KLL, V.ORLANDI, and York. It operates into three regions: EMEA, Americas, and APAC segments. The company generates the majority of its revenue from the EMEA region.
58GF Score

Get the complete analysis for FRA:SFQ

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

€20.80
Price
€11.55
GF Value