R Stahl AG (HAM:RSL2) Cyclically Adjusted PB Ratio: 1.15 (As of Aug. 01, 2026) — 27% Below Median

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HAM:RSL2 R Stahl AG HAM:RSL2
71 GF Score
Price €13.50
GF Value €16.03
Valuation Modestly Undervalued
! 4 Warning Signs
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What is R Stahl AG Cyclically Adjusted PB Ratio?

R Stahl AG HAM:RSL2 71 Cyclically Adjusted PB Ratio is 1.15 as of Aug. 01, 2026, which is 27% below its 10-year median of 1.57. GuruFocus rates HAM:RSL2 with a GF Score™ of 71/100 and a GF Value™ of €16.03 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,266 Industrial Products companies, R Stahl AG ranks better than 71.09% on this metric.

As of today (2026-08-01), R Stahl AG's current share price is €13.50. R Stahl AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €11.71. R Stahl AG's Cyclically Adjusted PB Ratio for today is 1.15.

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

HAM:RSL2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.57   Max: 2.37
Current: 1.11

During the past years, R Stahl AG's highest Cyclically Adjusted PB Ratio was 2.37. The lowest was 0.79. And the median was 1.57.

HAM:RSL2's Cyclically Adjusted PB Ratio is ranked better than
71.09% of 2266 companies
in the Industrial Products industry
Industry Median: 2.08 vs HAM:RSL2: 1.11

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.

R Stahl AG's adjusted book value per share data for the three months ended in Mar. 2026 was €11.852. 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 €11.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


R Stahl AG  (HAM:RSL2) 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.


R Stahl AG Cyclically Adjusted PB Ratio Related Terms


R Stahl AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for R Stahl 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.

R Stahl AG Cyclically Adjusted PB Ratio Chart

R Stahl AG 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 1.29 1.25 1.57 1.26 1.20

R Stahl 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 1.50 1.50 1.31 1.20 1.10

HAM:RSL2 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, R Stahl 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.


R Stahl AG Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, R Stahl AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:RSL2
71GF Score
R Stahl AG HAM:RSL2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

R Stahl 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.50/11.71
=1.15

* 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.

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

For example, R Stahl 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)
=11.852/131.2583*131.2583
=11.852

Current CPI (Mar. 2026) = 131.2583.

R Stahl AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.871 100.717 18.077
201609 13.516 101.017 17.562
201612 14.679 101.217 19.036
201703 14.479 101.417 18.739
201706 13.405 102.117 17.230
201709 13.081 102.717 16.716
201712 10.709 102.617 13.698
201803 10.295 102.917 13.130
201806 10.014 104.017 12.637
201809 10.455 104.718 13.105
201812 9.647 104.217 12.150
201903 8.967 104.217 11.294
201906 8.336 105.718 10.350
201909 8.275 106.018 10.245
201912 9.005 105.818 11.170
202003 9.240 105.718 11.472
202006 8.510 106.618 10.477
202009 7.764 105.818 9.631
202012 7.439 105.518 9.254
202103 7.939 107.518 9.692
202106 7.714 108.486 9.333
202109 7.604 109.435 9.120
202112 7.695 110.384 9.150
202203 8.092 113.968 9.320
202206 9.441 115.760 10.705
202209 11.027 118.818 12.182
202212 11.048 119.345 12.151
202303 11.209 122.402 12.020
202306 11.278 123.140 12.021
202309 12.741 124.195 13.466
202312 10.490 123.773 11.124
202403 10.862 125.038 11.402
202406 11.701 125.882 12.201
202409 11.457 126.198 11.916
202412 11.201 127.041 11.573
202503 11.143 127.779 11.446
202506 10.450 128.412 10.682
202509 10.704 129.255 10.870
202512 11.720 129.361 11.892
202603 11.852 131.258 11.852

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 1.15 mean?
R Stahl AG (HAM:RSL2) has a Cyclically Adjusted PB Ratio of 1.15 as of Aug. 01, 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 R Stahl AG and its competitors. This is 27% below median its historical median of 1.57. Over the past decade, R Stahl AG's Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.37. According to the industry distribution chart, R Stahl AG ranks #655 out of 2266 companies in the Industrial Products industry, placing it in the top 28.9%.
Is R Stahl AG's Cyclically Adjusted PB Ratio too high?
R Stahl AG's current Cyclically Adjusted PB Ratio of 1.15 is 27% below median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.37. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. R Stahl AG's value of 1.15 is 44.7% below this industry median. Based on the distribution chart, R Stahl AG ranks #655 out of 2266 companies in the Industrial Products industry, which is above the industry midpoint. Overall, R Stahl AG has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does R Stahl AG's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, R Stahl AG ranks #655 out of 2266 companies for Cyclically Adjusted PB Ratio. This puts R Stahl AG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.08. R Stahl AG's value of 1.15 is 44.7% below this benchmark. Historically, R Stahl AG's own Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.37 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 2.08, R Stahl 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.08, based on 2,266 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. R Stahl AG's current Cyclically Adjusted PB Ratio of 1.15 is 44.7% 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 R Stahl AG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. R Stahl AG's current Cyclically Adjusted PB Ratio is 1.15, which is 27% below median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is R Stahl AG stock overvalued right now?
Based on GuruFocus' analysis, R Stahl AG (HAM:RSL2) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.03, compared to a current price of €13.50 — trading 15.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.15, which is 27% below median its 10-year median of 1.57 and 44.7% below the Industrial Products industry median of 2.08. R Stahl AG's overall GF Score™ is 71/100 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 R Stahl AG (HAM:RSL2), the current Cyclically Adjusted PB Ratio is 1.15 as of Aug. 01, 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 R Stahl AG (HAM:RSL2) Overvalued in 2026?

Based on GuruFocus' analysis, R Stahl AG stock appears to be undervalued. The current stock price of €13.50 is trading 15.8% below its estimated GF Value™ of €16.03. GuruFocus considers R Stahl AG to be Modestly Undervalued.

Key valuation signals for HAM:RSL2:

  • Cyclically Adjusted PB Ratio: 1.15 (27% below median its 10-year median of 1.57)
  • GF Value™: €16.03 vs. price of €13.50 (15.8% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 44.7% below the Industrial Products median (#655 of 2266)

No single metric tells the full story. See the HAM:RSL2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


R Stahl AG Business Description

Address Am Bahnhof 30, Waldenburg, BW, DEU, 74638
R Stahl AG provides explosion protection products and system solutions. The company's products are Luminaires, Junction and terminal boxes, Control boxes, Control systems, and distribution boards, Operating and monitoring systems, Automation interfaces and solutions, Cable glands, components and enclosures, Cameras and CCTV equipment, Signalling devices, Plugs, and sockets. Its system solutions include Automation, Container systems, Power distribution, Lighting, and Machine control. The products are used in the oil and gas industries, chemical industries, marine and shipbuilding, Pharma industry, machine building, foods and beverages industry, and other industries.
71GF Score

Get the complete analysis for HAM:RSL2

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

€13.50
Price
€16.03
GF Value