RS Group (HAM:ECN) Cyclically Adjusted PB Ratio: (As of Sep. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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HAM:ECN RS Group PLC HAM:ECN
66 GF Score
Price €8.45
GF Value €8.60
Valuation Fairly Valued
! 10 Warning Signs
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What is RS Group Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


RS Group  (HAM:ECN) 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.


RS Group Cyclically Adjusted PB Ratio Related Terms


RS Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RS Group'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.

RS Group Cyclically Adjusted PB Ratio Chart

RS Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.92 5.51 3.80 2.61 2.32

RS Group Quarterly Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.80 0.00 2.61 0.00 2.32

HAM:ECN vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, RS Group'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.


RS Group Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, RS Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:ECN
66GF Score
RS Group PLC HAM:ECN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RS Group 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.

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

For example, RS Group'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)
=3.052/330.2130*330.2130
=3.052

Current CPI (Mar. 2026) = 330.2130.

RS Group Quarterly Data

Book Value per Share CPI Adj_Book
200609 0.694 202.900 1.129
200703 0.688 205.352 1.106
200709 0.635 208.490 1.006
200803 0.647 213.528 1.001
200809 0.608 218.783 0.918
200903 0.696 212.709 1.080
200909 0.640 215.969 0.979
201003 0.696 217.631 1.056
201009 0.720 218.439 1.088
201103 0.770 223.467 1.138
201109 0.800 226.889 1.164
201203 0.838 229.392 1.206
201209 0.818 231.407 1.167
201303 0.866 232.773 1.229
201309 0.818 234.149 1.154
201403 0.829 236.293 1.159
201409 0.825 238.031 1.144
201503 0.837 236.119 1.171
201509 0.818 237.945 1.135
201603 0.807 238.132 1.119
201609 0.741 241.428 1.014
201703 0.881 243.801 1.193
201709 0.900 246.819 1.204
201803 1.091 249.554 1.444
201809 1.243 252.439 1.626
201903 1.328 254.202 1.725
201909 1.485 256.759 1.910
202003 1.613 258.115 2.064
202009 1.684 260.280 2.136
202103 1.914 264.877 2.386
202109 2.070 274.310 2.492
202203 2.353 287.504 2.703
202209 2.724 296.808 3.031
202303 2.822 301.836 3.087
202309 2.947 307.789 3.162
202403 2.994 312.332 3.165
202409 2.768 315.301 2.899
202503 2.890 319.799 2.984
202509 3.002 324.800 3.052
202603 3.052 330.213 3.052

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.

Is RS Group (HAM:ECN) Overvalued in 2026?

Based on GuruFocus' analysis, RS Group stock appears to be undervalued. The current stock price of €8.45 is trading 1.7% below its estimated GF Value™ of €8.60. GuruFocus considers RS Group to be Fairly Valued.

Key valuation signals for HAM:ECN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €8.60 vs. price of €8.45 (1.7% below fair value)
  • GF Score™: 66/100 with 10 warning signs

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


RS Group Business Description

Other Exchanges RS1l:UKRS1:UK
Address Two Pancras Square, Fifth Floor, London, GBR, N1C 4AG
RS Group PLC distributes industrial products and provides product and service solutions for maintenance, repair, and operations (MRO) activities. Its product portfolio includes a broad range of industrial products supplied to customers involved in industrial design, manufacturing, and maintenance. The company's operating segments include EMEA, Americas, and Asia Pacific. The majority of revenue is derived from the EMEA segment.
66GF Score

Get the complete analysis for HAM:ECN

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

€8.45
Price
€8.60
GF Value