SHW AG (HAM:SW10) Cyclically Adjusted PB Ratio: 0.30 (As of Jul. 16, 2026) — 50% Below Median

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HAM:SW10 SHW AG HAM:SW10
63 GF Score
Price €6.60
GF Value €12.02
Valuation Significantly Undervalued
! 4 Warning Signs
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What is SHW AG Cyclically Adjusted PB Ratio?

SHW AG HAM:SW10 +1.54% 63 Cyclically Adjusted PB Ratio is 0.30 as of Jul. 16, 2026, which is 50% below its 10-year median of 0.60. GuruFocus rates HAM:SW10 with a GF Score™ of 63/100 and a GF Value™ of €12.02 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,037 Vehicles & Parts companies, SHW AG ranks better than 90.65% on this metric.

As of today (2026-07-16), SHW AG's current share price is €6.60. SHW AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €22.32. SHW AG's Cyclically Adjusted PB Ratio for today is 0.30.

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

HAM:SW10' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.6   Max: 1.16
Current: 0.29

During the past 13 years, SHW AG's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.25. And the median was 0.60.

HAM:SW10's Cyclically Adjusted PB Ratio is ranked better than
90.65% of 1037 companies
in the Vehicles & Parts industry
Industry Median: 1.31 vs HAM:SW10: 0.29

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.

SHW AG's adjusted book value per share data of for the fiscal year that ended in Dec25 was €18.372. 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 €22.32 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


SHW AG  (HAM:SW10) 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.


SHW AG Cyclically Adjusted PB Ratio Related Terms


SHW AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SHW 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.

SHW AG Cyclically Adjusted PB Ratio Chart

SHW 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 0.99 0.67 0.60 0.59 0.26

SHW AG Semi-Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 0.67 0.60 0.59 0.26

HAM:SW10 vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, SHW 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.


SHW AG Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


HAM:SW10
63GF Score
SHW AG HAM:SW10
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SHW 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.60/22.32
=0.30

* 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.

SHW AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, SHW AG's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=18.372/129.3606*129.3606
=18.372

Current CPI (Dec25) = 129.3606.

SHW AG Annual Data

Book Value per Share CPI Adj_Book
201612 18.855 101.217 24.098
201712 19.407 102.617 24.465
201812 19.324 104.217 23.986
201912 20.462 105.818 25.015
202012 19.368 105.518 23.744
202112 19.790 110.384 23.192
202212 19.805 119.345 21.467
202312 19.258 123.773 20.127
202412 18.408 127.041 18.744
202512 18.372 129.361 18.372

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 0.30 mean?
SHW AG (HAM:SW10) has a Cyclically Adjusted PB Ratio of 0.30 as of Jul. 16, 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 SHW AG and its competitors. This is 50% below median its historical median of 0.60. Over the past decade, SHW AG's Cyclically Adjusted PB Ratio has ranged from 0.25 to 1.16. According to the industry distribution chart, SHW AG ranks #97 out of 1037 companies in the Vehicles & Parts industry, placing it in the top 9.4%.
Is SHW AG's Cyclically Adjusted PB Ratio too high?
SHW AG's current Cyclically Adjusted PB Ratio of 0.30 is 50% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.16. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.31. SHW AG's value of 0.30 is 77.1% below this industry median. Based on the distribution chart, SHW AG ranks #97 out of 1037 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, SHW AG has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SHW AG's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, SHW AG ranks #97 out of 1037 companies for Cyclically Adjusted PB Ratio. This places SHW AG in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.31. SHW AG's value of 0.30 is 77.1% below this benchmark. Historically, SHW AG's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 1.16 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.31, SHW 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.31, based on 1,037 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. SHW AG's current Cyclically Adjusted PB Ratio of 0.30 is 77.1% 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 SHW AG and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHW AG's current Cyclically Adjusted PB Ratio is 0.30, which is 50% below median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHW AG stock overvalued right now?
Based on GuruFocus' analysis, SHW AG (HAM:SW10) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.02, compared to a current price of €6.60 — trading 45.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.30, which is 50% below median its 10-year median of 0.60 and 77.1% below the Vehicles & Parts industry median of 1.31. SHW AG's overall GF Score™ is 63/100 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 SHW AG (HAM:SW10), the current Cyclically Adjusted PB Ratio is 0.30 as of Jul. 16, 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 SHW AG (HAM:SW10) Overvalued in 2026?

Based on GuruFocus' analysis, SHW AG stock appears to be undervalued. The current stock price of €6.60 is trading 45.1% below its estimated GF Value™ of €12.02. GuruFocus considers SHW AG to be Significantly Undervalued.

Key valuation signals for HAM:SW10:

  • Cyclically Adjusted PB Ratio: 0.30 (50% below median its 10-year median of 0.60)
  • GF Value™: €12.02 vs. price of €6.60 (45.1% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 77.1% below the Vehicles & Parts median (#97 of 1037)

No single metric tells the full story. See the HAM:SW10 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SHW AG Business Description

Address Wilhelmstrasse 111, Aalen, BW, DEU, 73433
SHW AG is a Germany-based developer and manufacturer of a product that contributes to a reduction of fuel consumption and consequently CO2 emissions in the vehicle industry. The company has two operating segments, Pumps, and Engine Components and Brake Disc segment. In its Pumps and engine components business segment SHW develops and produces engine and transmission components for the various area of application. In the Brake Discs business segment, it develops and produces Monobloc, ventilated, cast iron brake discs as well as lightweight brake discs. The company generates the majority of its revenue from the Pumps and engine components business segment.
63GF Score

Get the complete analysis for HAM:SW10

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

€6.60
Price
€12.02
GF Value