Avon Technologies (LSE:AVON) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:AVON Avon Technologies PLC LSE:AVON
64 GF Score
Price £17.74
GF Value £16.06
Valuation Fairly Valued
! 3 Warning Signs
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What is Avon Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Avon Technologies  (LSE:AVON) 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.


Avon Technologies Cyclically Adjusted PB Ratio Related Terms


Avon Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Avon Technologies'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.

Avon Technologies Cyclically Adjusted PB Ratio Chart

Avon Technologies Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.08 3.57 1.67 2.98 4.72

Avon Technologies Semi-Annual 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 3.01 3.21 3.58 5.03 3.77

LSE:AVON vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Avon Technologies'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.


Avon Technologies Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Avon Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LSE:AVON
64GF Score
Avon Technologies PLC LSE:AVON
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Avon Technologies 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.

Avon Technologies's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, Avon Technologies's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=4.224/138.9000*138.9000
=4.224

Current CPI (Sep25) = 138.9000.

Avon Technologies Annual Data

Book Value per Share CPI Adj_Book
201609 1.323 101.500 1.810
201709 1.825 104.300 2.430
201809 2.778 106.600 3.620
201909 2.464 108.400 3.157
202009 5.881 109.200 7.481
202109 4.964 112.400 6.134
202209 6.286 122.300 7.139
202309 4.354 130.100 4.649
202409 4.179 133.500 4.348
202509 4.224 138.900 4.224

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 Avon Technologies (LSE:AVON) Overvalued in 2026?

Based on GuruFocus' analysis, Avon Technologies stock appears to be overvalued. The current stock price of £17.74 is trading 10.5% above its estimated GF Value™ of £16.06. GuruFocus considers Avon Technologies to be Fairly Valued.

Key valuation signals for LSE:AVON:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: £16.06 vs. price of £17.74 (10.5% above fair value)
  • GF Score™: 64/100 with 3 warning signs

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


Avon Technologies Business Description

Other Exchanges AVNBF:USAAVONl:UK
Address Semington Road, Hampton Park West, Melksham, Wiltshire, GBR, SN12 6NB
Avon Technologies PLC is engaged in the design and manufacture of protective equipment. Its product portfolio falls into four categories: CBRN respiratory, Non-CBRN respiratory, Integrated CBRN, and underwater respiratory. The company operates through two segments, Avon Protection and Team Wendy, which supply respiratory and head protection products from manufacturing sites in the UK and North America. The majority of revenue is generated from the Avon Protection segment. Geographically, the company operates in Europe and the United States, with the majority of revenue coming from the United States.
64GF Score

Get the complete analysis for LSE:AVON

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

£17.74
Price
£16.06
GF Value