Travis Perkins (LSE:TPK) Cyclically Adjusted PB Ratio: 0.42 (As of Jul. 22, 2026) — 54% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:TPK Travis Perkins PLC LSE:TPK
71 GF Score
Price £5.56
GF Value £7.11
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Travis Perkins Cyclically Adjusted PB Ratio?

Travis Perkins LSE:TPK +1.37% 71 Cyclically Adjusted PB Ratio is 0.42 as of Jul. 22, 2026, which is 54% below its 10-year median of 0.91. GuruFocus rates LSE:TPK with a GF Score™ of 71/100 and a GF Value™ of £7.11 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 127 Industrial Distribution companies, Travis Perkins ranks better than 84.25% on this metric.

As of today (2026-07-22), Travis Perkins's current share price is £5.555. Travis Perkins's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was £13.11. Travis Perkins's Cyclically Adjusted PB Ratio for today is 0.42.

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

LSE:TPK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.91   Max: 1.58
Current: 0.42

During the past 13 years, Travis Perkins's highest Cyclically Adjusted PB Ratio was 1.58. The lowest was 0.38. And the median was 0.91.

LSE:TPK's Cyclically Adjusted PB Ratio is ranked better than
84.25% of 127 companies
in the Industrial Distribution industry
Industry Median: 1.22 vs LSE:TPK: 0.42

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.

Travis Perkins's adjusted book value per share data of for the fiscal year that ended in Dec25 was £8.385. 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 £13.11 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Travis Perkins  (LSE:TPK) 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.


Travis Perkins Cyclically Adjusted PB Ratio Related Terms


Travis Perkins Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Travis Perkins'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.

Travis Perkins Cyclically Adjusted PB Ratio Chart

Travis Perkins 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 1.21 0.65 0.60 0.54 0.48

Travis Perkins Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.00 0.54 0.00 0.48

LSE:TPK vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Travis Perkins'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.


Travis Perkins Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

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

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


LSE:TPK
71GF Score
Travis Perkins PLC LSE:TPK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Travis Perkins 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.

Travis Perkins's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.555/13.11
=0.42

* 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.

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

For example, Travis Perkins'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)
=8.385/139.9000*139.9000
=8.385

Current CPI (Dec25) = 139.9000.

Travis Perkins Annual Data

Book Value per Share CPI Adj_Book
201612 11.831 102.200 16.195
201712 12.666 105.000 16.876
201812 12.024 107.100 15.706
201912 11.477 108.500 14.798
202012 12.199 109.400 15.600
202112 10.103 114.700 12.323
202212 10.015 125.300 11.182
202312 9.677 130.500 10.374
202412 9.342 135.100 9.674
202512 8.385 139.900 8.385

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 0.42 mean?
Travis Perkins (LSE:TPK) has a Cyclically Adjusted PB Ratio of 0.42 as of Jul. 22, 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 Travis Perkins and its competitors. This is 54% below median its historical median of 0.91. Over the past decade, Travis Perkins' Cyclically Adjusted PB Ratio has ranged from 0.38 to 1.58. According to the industry distribution chart, Travis Perkins ranks #20 out of 127 companies in the Industrial Distribution industry, placing it in the top 15.7%.
Is Travis Perkins' Cyclically Adjusted PB Ratio too high?
Travis Perkins' current Cyclically Adjusted PB Ratio of 0.42 is 54% below median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.58. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.22. Travis Perkins' value of 0.42 is 65.6% below this industry median. Based on the distribution chart, Travis Perkins ranks #20 out of 127 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Travis Perkins has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Travis Perkins' Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Travis Perkins ranks #20 out of 127 companies for Cyclically Adjusted PB Ratio. This places Travis Perkins in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.22. Travis Perkins' value of 0.42 is 65.6% below this benchmark. Historically, Travis Perkins' own Cyclically Adjusted PB Ratio has ranged from 0.38 to 1.58 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 1.22, Travis Perkins 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 Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.22, based on 127 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. Travis Perkins's current Cyclically Adjusted PB Ratio of 0.42 is 65.6% 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 Travis Perkins and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Travis Perkins's current Cyclically Adjusted PB Ratio is 0.42, which is 54% below median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Travis Perkins stock overvalued right now?
Based on GuruFocus' analysis, Travis Perkins (LSE:TPK) is currently considered Modestly Undervalued. The stock's GF Value™ is £7.11, compared to a current price of £5.56 — trading 21.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.42, which is 54% below median its 10-year median of 0.91 and 65.6% below the Industrial Distribution industry median of 1.22. Travis Perkins' 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 Travis Perkins (LSE:TPK), the current Cyclically Adjusted PB Ratio is 0.42 as of Jul. 22, 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 Travis Perkins (LSE:TPK) Overvalued in 2026?

Based on GuruFocus' analysis, Travis Perkins stock appears to be undervalued. The current stock price of £5.56 is trading 21.9% below its estimated GF Value™ of £7.11. GuruFocus considers Travis Perkins to be Modestly Undervalued.

Key valuation signals for LSE:TPK:

  • Cyclically Adjusted PB Ratio: 0.42 (54% below median its 10-year median of 0.91)
  • GF Value™: £7.11 vs. price of £5.56 (21.9% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 65.6% below the Industrial Distribution median (#20 of 127)

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


Travis Perkins Business Description

Address Rye Hill Close, Ryehill House, Lodge Farm Industrial Estate, Northampton, GBR, NN5 7UA
Travis Perkins PLC makes and sells products to the construction and home improvement industries in the United Kingdom. It offers commercial and industrial heating and cooling solutions, air conditioning, refrigeration, heat pump equipment and installation materials, and interior building products, among others. The company organizes itself into two segments: Merchanting, which generates maximum revenue, and Toolstation. The Merchanting segment sells building materials at prices specifically negotiated with customers, with variation in the products offered in each branch. The Toolstation segment includes both the UK and Benelux businesses, and sells building materials at a fixed price, with a fixed range in each store. Geographically, the company mainly operates in the United Kingdom.
71GF Score

Get the complete analysis for LSE:TPK

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

£5.56
Price
£7.11
GF Value