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Altech Advanced Materials AGHAM:AMA0 -20.00%33 Cyclically Adjusted PB Ratio is 0.07 as of Aug. 19, 2026, which is 92% below its 10-year median of 0.86. GuruFocus rates HAM:AMA0 with a GF Score™ of 33/100 and a GF Value™ of €4.67 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,008 Asset Management companies, Altech Advanced Materials AG ranks better than 96.03% on this metric.
The historical rank and industry rank for Altech Advanced Materials AG's Cyclically Adjusted PB Ratio or its related term are showing as below:
HAM:AMA0'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.86 Max: 2.3
Current: 0.1
During the past 13 years, Altech Advanced Materials AG's highest Cyclically Adjusted PB Ratio was 2.30. The lowest was 0.10. And the median was 0.86.
HAM:AMA0's Cyclically Adjusted PB Ratio is ranked better than 96.03% of 1008
companies
in the Asset Management industry
Industry Median: 0.86
vs HAM:AMA0: 0.10
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.
Altech Advanced Materials AG's adjusted book value per share data of for the fiscal year that ended in Dec25 was €1.688. 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 €1.47 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Altech Advanced Materials AG (HAM:AMA0) 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.
Altech Advanced Materials AG Cyclically Adjusted PB Ratio Related Terms
Altech Advanced Materials AG Cyclically Adjusted PB Ratio Historical Data
* 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.
Altech Advanced Materials AG Cyclically Adjusted PB Ratio Chart
HAM:AMA0 vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Altech Advanced Materials 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.
Altech Advanced Materials AG Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Altech Advanced Materials AG's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Altech Advanced Materials AG's Cyclically Adjusted PB Ratio falls into.
Altech Advanced Materials 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.
* 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 0.07 mean?
Altech Advanced Materials AG (HAM:AMA0) has a Cyclically Adjusted PB Ratio of 0.07 as of Aug. 19, 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 Altech Advanced Materials AG and its competitors. This is 92% below median its historical median of 0.86. Over the past decade, Altech Advanced Materials AG's Cyclically Adjusted PB Ratio has ranged from 0.10 to 2.30. According to the industry distribution chart, Altech Advanced Materials AG ranks #40 out of 1008 companies in the Asset Management industry, placing it in the top 4%.
Is Altech Advanced Materials AG's Cyclically Adjusted PB Ratio too high?
Altech Advanced Materials AG's current Cyclically Adjusted PB Ratio of 0.07 is 92% below median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 2.30. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. Altech Advanced Materials AG's value of 0.07 is 91.9% below this industry median. Based on the distribution chart, Altech Advanced Materials AG ranks #40 out of 1008 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Altech Advanced Materials AG has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Altech Advanced Materials AG's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Altech Advanced Materials AG ranks #40 out of 1008 companies for Cyclically Adjusted PB Ratio. This places Altech Advanced Materials AG in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.86. Altech Advanced Materials AG's value of 0.07 is 91.9% below this benchmark. Historically, Altech Advanced Materials AG's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 2.30 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.86, Altech Advanced Materials 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 Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.86, based on 1,008 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. Altech Advanced Materials AG's current Cyclically Adjusted PB Ratio of 0.07 is 91.9% 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 Altech Advanced Materials AG and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altech Advanced Materials AG's current Cyclically Adjusted PB Ratio is 0.07, which is 92% below 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 Altech Advanced Materials AG stock overvalued right now?
Based on GuruFocus' analysis, Altech Advanced Materials AG (HAM:AMA0) is currently considered Possible Value Trap. The stock's GF Value™ is €4.67, compared to a current price of €0.10 — trading 97.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.07, which is 92% below median its 10-year median of 0.86 and 91.9% below the Asset Management industry median of 0.86. Altech Advanced Materials AG's overall GF Score™ is 33/100 with 7 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 Altech Advanced Materials AG (HAM:AMA0), the current Cyclically Adjusted PB Ratio is 0.07 as of Aug. 19, 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 Altech Advanced Materials AG (HAM:AMA0) Overvalued in 2026?
Based on GuruFocus' analysis, Altech Advanced Materials AG stock appears to be undervalued.
The current stock price of €0.10 is trading 97.9% below its estimated GF Value™ of €4.67.
GuruFocus considers Altech Advanced Materials AG to be Possible Value Trap.
Key valuation signals for HAM:AMA0:
Cyclically Adjusted PB Ratio: 0.07 (92% below median its 10-year median of 0.86)
GF Value™: €4.67 vs. price of €0.10 (97.9% below fair value)
Industry Position: 91.9% below the Asset Management median (#40 of 1008)
No single metric tells the full story. See the HAM:AMA0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altech Advanced Materials AG is an investment company that makes investments in corporations and partnerships that represent a good opportunity/risk ratio, particularly in the business areas of raw material extraction and processing, chemistry, manufacture of all types of packaging and paper products, as well as their distribution. The aim of the company, together with its cooperation partner Altech Batteries Limited, is to enter the market for lithium-ion batteries for electromobility with innovative and high-performance anode material based on high-purity aluminum oxide ("HPA) - Silumina Anodes - as well as in the area of solid-state batteries for stationary battery use with - CERENERGY - to participate.
33GF Score
Get the complete analysis for HAM:AMA0
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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