Wilson Bayly Holmes-Ovcon (JSE:WBO) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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JSE:WBO Wilson Bayly Holmes-Ovcon Ltd JSE:WBO
88 GF Score
Price R139.52
GF Value R169.42
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Wilson Bayly Holmes-Ovcon Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Wilson Bayly Holmes-Ovcon  (JSE:WBO) 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.


Wilson Bayly Holmes-Ovcon Cyclically Adjusted PB Ratio Related Terms


Wilson Bayly Holmes-Ovcon Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wilson Bayly Holmes-Ovcon'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.

Wilson Bayly Holmes-Ovcon Cyclically Adjusted PB Ratio Chart

Wilson Bayly Holmes-Ovcon Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.87 1.31 1.50 1.41

Wilson Bayly Holmes-Ovcon Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 1.32 1.94 1.52 1.37 1.41

JSE:WBO vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Wilson Bayly Holmes-Ovcon'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.


Wilson Bayly Holmes-Ovcon Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Wilson Bayly Holmes-Ovcon's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Wilson Bayly Holmes-Ovcon's Cyclically Adjusted PB Ratio falls into.


JSE:WBO
88GF Score
Wilson Bayly Holmes-Ovcon Ltd JSE:WBO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wilson Bayly Holmes-Ovcon 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.

Wilson Bayly Holmes-Ovcon's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun26 is calculated as:

For example, Wilson Bayly Holmes-Ovcon's adjusted Book Value per Share data for the fiscal year that ended in Jun26 was:

Adj_Book=Book Value per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=117.223/169.0200*169.0200
=117.223

Current CPI (Jun26) = 169.0200.

Wilson Bayly Holmes-Ovcon Annual Data

Book Value per Share CPI Adj_Book
201706 102.329 112.054 154.351
201806 113.142 116.959 163.504
201906 115.360 122.191 159.571
202006 110.596 124.807 149.775
202106 105.744 131.113 136.316
202206 55.197 140.835 66.244
202306 76.400 148.802 86.781
202406 88.786 156.269 96.031
202506 107.189 160.985 112.539
202606 117.223 169.020 117.223

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 Wilson Bayly Holmes-Ovcon (JSE:WBO) Overvalued in 2026?

Based on GuruFocus' analysis, Wilson Bayly Holmes-Ovcon stock appears to be undervalued. The current stock price of R139.52 is trading 17.6% below its estimated GF Value™ of R169.42. GuruFocus considers Wilson Bayly Holmes-Ovcon to be Modestly Undervalued.

Key valuation signals for JSE:WBO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R169.42 vs. price of R139.52 (17.6% below fair value)
  • GF Score™: 88/100 with 2 warning signs

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


Wilson Bayly Holmes-Ovcon Business Description

Other Exchanges WQ9:Germany
Address 53 Andries Street, Wynberg, Sandton, Johannesburg, GT, ZAF, 2090
Wilson Bayly Holmes-Ovcon Ltd is a South Africa-based construction company. The company's business activities encompass designing, construction, and procurement, as well as civil engineering, works for large-scale public and private projects, roads and earthworks projects, and turnkey projects. The company also provides construction materials, real estate development, and other services. Its customers predominantly come from the retail, residential, hotel and entertainment, infrastructure, mining, energy, and oil and gas sectors. Its segment include: Building and civil Engineering, Roads and earthworks, Property developments, Construction materials, and United Kingdom. It operates in South Africa, United Kingdom and Rest of Africa, of which maximum revenue is generated from South Africa.
88GF Score

Get the complete analysis for JSE:WBO

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

R139.52
Price
R169.42
GF Value