PB Holding NV (LTS:0DM6) Cyclically Adjusted PB Ratio: 0.17 (As of Jul. 20, 2026) — 59% 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.

LTS:0DM6 PB Holding NV LTS:0DM6
37 GF Score
Price €3.48
! 5 Warning Signs
View Full Analysis

What is PB Holding NV Cyclically Adjusted PB Ratio?

PB Holding NV LTS:0DM6 37 Cyclically Adjusted PB Ratio is 0.17 as of Jul. 20, 2026, which is 59% below its 10-year median of 0.41. GuruFocus rates LTS:0DM6 with a GF Score™ of 37/100. The stock has 5 warning signs investors should review. Among 730 Business Services companies, PB Holding NV ranks better than 95.62% on this metric.

As of today (2026-07-20), PB Holding NV's current share price is €3.48. PB Holding NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €20.64. PB Holding NV's Cyclically Adjusted PB Ratio for today is 0.17.

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

LTS:0DM6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.41   Max: 0.91
Current: 0.17

During the past 13 years, PB Holding NV's highest Cyclically Adjusted PB Ratio was 0.91. The lowest was 0.09. And the median was 0.41.

LTS:0DM6's Cyclically Adjusted PB Ratio is ranked better than
95.62% of 730 companies
in the Business Services industry
Industry Median: 1.56 vs LTS:0DM6: 0.17

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.

PB Holding NV's adjusted book value per share data of for the fiscal year that ended in Dec25 was €2.912. 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 €20.64 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


PB Holding NV  (LTS:0DM6) 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.


PB Holding NV Cyclically Adjusted PB Ratio Related Terms


PB Holding NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PB Holding NV'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.

PB Holding NV Cyclically Adjusted PB Ratio Chart

PB Holding NV 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 0.64 0.09 0.12 0.13 0.13

PB Holding NV 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 0.12 0.00 0.13 0.00 0.13

LTS:0DM6 vs CTAS, CPRT, ULS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, PB Holding NV'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.


PB Holding NV Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, PB Holding NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0DM6
37GF Score
PB Holding NV LTS:0DM6
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PB Holding NV 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.

PB Holding NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.48/20.64
=0.17

* 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.

PB Holding NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, PB Holding NV'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)
=2.912/135.2700*135.2700
=2.912

Current CPI (Dec25) = 135.2700.

PB Holding NV Annual Data

Book Value per Share CPI Adj_Book
201612 27.664 100.710 37.157
201712 28.079 101.970 37.249
201812 27.341 103.970 35.572
201912 26.897 106.800 34.067
202012 22.095 107.850 27.712
202112 18.008 114.010 21.366
202212 3.614 124.940 3.913
202312 3.098 126.450 3.314
202412 3.101 131.630 3.187
202512 2.912 135.270 2.912

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 0.17 mean?
PB Holding NV (LTS:0DM6) has a Cyclically Adjusted PB Ratio of 0.17 as of Jul. 20, 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 PB Holding NV and its competitors. This is 59% below median its historical median of 0.41. Over the past decade, PB Holding NV's Cyclically Adjusted PB Ratio has ranged from 0.09 to 0.91. According to the industry distribution chart, PB Holding NV ranks #32 out of 730 companies in the Business Services industry, placing it in the top 4.4%.
Is PB Holding NV's Cyclically Adjusted PB Ratio too high?
PB Holding NV's current Cyclically Adjusted PB Ratio of 0.17 is 59% below median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.91. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. PB Holding NV's value of 0.17 is 89.1% below this industry median. Based on the distribution chart, PB Holding NV ranks #32 out of 730 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, PB Holding NV has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does PB Holding NV's Cyclically Adjusted PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PB Holding NV ranks #32 out of 730 companies for Cyclically Adjusted PB Ratio. This places PB Holding NV in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.56. PB Holding NV's value of 0.17 is 89.1% below this benchmark. Historically, PB Holding NV's own Cyclically Adjusted PB Ratio has ranged from 0.09 to 0.91 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 1.56, PB Holding NV 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 730 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. PB Holding NV's current Cyclically Adjusted PB Ratio of 0.17 is 89.1% 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 PB Holding NV and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PB Holding NV's current Cyclically Adjusted PB Ratio is 0.17, which is 59% below median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PB Holding NV stock overvalued right now?
PB Holding NV (LTS:0DM6) has a current Cyclically Adjusted PB Ratio of 0.17. The current Cyclically Adjusted PB Ratio is 0.17, which is 59% below median its 10-year median of 0.41 and 89.1% below the Business Services industry median of 1.56. PB Holding NV's overall GF Score™ is 37/100 with 5 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 PB Holding NV (LTS:0DM6), the current Cyclically Adjusted PB Ratio is 0.17 as of Jul. 20, 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.

PB Holding NV Business Description

Other Exchanges PBH:Netherlands
Address Westersingel 86, Rotterdam, ZH, NLD, 3015 LC
PB Holding NV is a holding company owning a certain amount of the share certificates in financial services provider Bovemij.
37GF Score

Get the complete analysis for LTS:0DM6

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

€3.48
Price