TUI AG (FRA:TUI1) Cyclically Adjusted PB Ratio: 1.10 (As of Jul. 20, 2026) — Near Median

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FRA:TUI1 TUI AG FRA:TUI1
72 GF Score
Price €7.02
GF Value €7.11
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is TUI AG Cyclically Adjusted PB Ratio?

TUI AG FRA:TUI1 -0.96% 72 Cyclically Adjusted PB Ratio is 1.10 as of Jul. 20, 2026, which is 4% below its 10-year median of 1.15. GuruFocus rates FRA:TUI1 with a GF Score™ of 72/100 and a GF Value™ of €7.11 (Fairly Valued). The stock has 4 warning signs investors should review. Among 650 Travel & Leisure companies, TUI AG ranks better than 51.85% on this metric.

As of today (2026-07-20), TUI AG's current share price is €7.022. TUI AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €6.39. TUI AG's Cyclically Adjusted PB Ratio for today is 1.10.

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

FRA:TUI1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1.15   Max: 2.93
Current: 1.13

During the past years, TUI AG's highest Cyclically Adjusted PB Ratio was 2.93. The lowest was 0.47. And the median was 1.15.

FRA:TUI1's Cyclically Adjusted PB Ratio is ranked better than
51.85% of 650 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs FRA:TUI1: 1.13

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.

TUI AG's adjusted book value per share data for the three months ended in Mar. 2026 was €3.983. 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 €6.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TUI AG  (FRA:TUI1) 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.


TUI AG Cyclically Adjusted PB Ratio Related Terms


TUI AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TUI 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.

TUI AG Cyclically Adjusted PB Ratio Chart

TUI AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 0.57 0.57 0.99 1.21

TUI AG 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 0.95 1.13 1.21 1.44 1.06

FRA:TUI1 vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, TUI 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.


TUI AG Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TUI AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:TUI1
72GF Score
TUI AG FRA:TUI1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TUI 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.

TUI AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.022/6.39
=1.10

* 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.

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

For example, TUI AG'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)
=3.983/131.2583*131.2583
=3.983

Current CPI (Mar. 2026) = 131.2583.

TUI AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.584 100.717 9.884
201609 12.855 101.017 16.703
201612 13.541 101.217 17.560
201703 10.616 101.417 13.740
201706 8.920 102.117 11.466
201709 13.870 102.717 17.724
201712 13.836 102.617 17.698
201803 11.207 102.917 14.293
201806 13.705 104.017 17.294
201809 17.469 104.718 21.897
201812 15.256 104.217 19.214
201903 12.408 104.217 15.627
201906 12.283 105.718 15.250
201909 16.543 106.018 20.482
201912 15.160 105.818 18.805
202003 9.917 105.718 12.313
202006 2.235 106.618 2.752
202009 -2.142 105.818 -2.657
202012 -5.686 105.518 -7.073
202103 -1.893 107.518 -2.311
202106 -4.801 108.486 -5.809
202109 -4.436 109.435 -5.321
202112 -1.014 110.384 -1.206
202203 -1.416 113.968 -1.631
202206 -2.759 115.760 -3.128
202209 -0.420 118.818 -0.464
202212 -2.044 119.345 -2.248
202303 -5.221 122.402 -5.599
202306 -0.140 123.140 -0.149
202309 2.213 124.195 2.339
202312 1.213 123.773 1.286
202403 0.800 125.038 0.840
202406 0.825 125.882 0.860
202409 1.885 126.198 1.961
202412 2.427 127.041 2.508
202503 1.474 127.779 1.514
202506 1.403 128.412 1.434
202509 3.473 129.255 3.527
202512 3.358 129.361 3.407
202603 3.983 131.258 3.983

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 1.10 mean?
TUI AG (FRA:TUI1) has a Cyclically Adjusted PB Ratio of 1.10 as of Jul. 20, 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 TUI AG and its competitors. This is near median its historical median of 1.15. Over the past decade, TUI AG's Cyclically Adjusted PB Ratio has ranged from 0.47 to 2.93. According to the industry distribution chart, TUI AG ranks #313 out of 650 companies in the Travel & Leisure industry, placing it in the top 48.2%.
Is TUI AG's Cyclically Adjusted PB Ratio too high?
TUI AG's current Cyclically Adjusted PB Ratio of 1.10 is near median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 2.93. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. TUI AG's value of 1.10 is 8.3% below this industry median. Based on the distribution chart, TUI AG ranks #313 out of 650 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, TUI AG has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TUI AG's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TUI AG ranks #313 out of 650 companies for Cyclically Adjusted PB Ratio. This puts TUI AG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. TUI AG's value of 1.10 is 8.3% below this benchmark. Historically, TUI AG's own Cyclically Adjusted PB Ratio has ranged from 0.47 to 2.93 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.20, TUI 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 a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 650 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. TUI AG's current Cyclically Adjusted PB Ratio of 1.10 is 8.3% 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 TUI AG and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TUI AG's current Cyclically Adjusted PB Ratio is 1.10, which is near median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TUI AG stock overvalued right now?
Based on GuruFocus' analysis, TUI AG (FRA:TUI1) is currently considered Fairly Valued. The stock's GF Value™ is €7.11, compared to a current price of €7.02 — trading 1.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is near median its 10-year median of 1.15 and 8.3% below the Travel & Leisure industry median of 1.20. TUI AG's overall GF Score™ is 72/100 with 4 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 TUI AG (FRA:TUI1), the current Cyclically Adjusted PB Ratio is 1.10 as of Jul. 20, 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 TUI AG (FRA:TUI1) Overvalued in 2026?

Based on GuruFocus' analysis, TUI AG stock appears to be undervalued. The current stock price of €7.02 is trading 1.2% below its estimated GF Value™ of €7.11. GuruFocus considers TUI AG to be Fairly Valued.

Key valuation signals for FRA:TUI1:

  • Cyclically Adjusted PB Ratio: 1.10 (near median its 10-year median of 1.15)
  • GF Value™: €7.11 vs. price of €7.02 (1.2% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 8.3% below the Travel & Leisure median (#313 of 650)

No single metric tells the full story. See the FRA:TUI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TUI AG Business Description

Address Karl-Wiechert-Allee 23, Hannover, SN, DEU, 30625
TUI AG provides integrated leisure travel services, including flights, hotels, cruises, and tour operations. The company offers tourism services, covering the entire customer experience from trip planning and booking to flights, transfers, and accommodations, including stays in hotels or on cruise ships. Its segments include The Hotels & Resorts, The Cruises, The TUI Musement, Markets + Airline, and Holiday Experiences segment, which comprises The Northern Region, The Central Region, and The Western Region. The majority of revenue is derived from the Hotels & Resorts segment, which is a diversified portfolio of the company's hotel brands and hotel companies.
72GF Score

Get the complete analysis for FRA:TUI1

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

€7.02
Price
€7.11
GF Value