Indus Holding AG (LTS:0EUH) 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
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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:0EUH Indus Holding AG LTS:0EUH
70 GF Score
Price €39.18
GF Value €26.33
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Indus Holding AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Indus Holding AG  (LTS:0EUH) 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.


Indus Holding AG Cyclically Adjusted PB Ratio Related Terms


Indus Holding AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indus Holding 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.

Indus Holding AG Cyclically Adjusted PB Ratio Chart

Indus Holding 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 1.20 0.73 0.72 0.62 0.87

Indus Holding AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 0.71 0.68 0.88 0.82 0.79

LTS:0EUH vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Indus Holding 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.


Indus Holding AG Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Indus Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0EUH
70GF Score
Indus Holding AG LTS:0EUH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Indus Holding 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.

Indus Holding AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Indus Holding AG's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=30.718/131.3638*131.3638
=30.718

Current CPI (Jun. 2026) = 131.3638.

Indus Holding AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.185 101.017 32.751
201612 26.362 101.217 34.214
201703 27.146 101.417 35.162
201706 26.494 102.117 34.082
201709 27.217 102.717 34.808
201712 27.558 102.617 35.278
201803 28.403 102.917 36.254
201806 27.863 104.017 35.188
201809 28.793 104.718 36.120
201812 29.031 104.217 36.593
201903 29.810 104.217 37.575
201906 28.922 105.718 35.938
201909 29.496 106.018 36.548
201912 29.763 105.818 36.948
202003 30.096 105.718 37.397
202006 28.030 106.618 34.536
202009 27.328 105.818 33.925
202012 27.662 105.518 34.438
202103 28.824 107.518 35.217
202106 28.273 108.486 34.235
202109 28.743 109.435 34.503
202112 29.279 110.384 34.844
202203 29.826 113.968 34.379
202206 29.815 115.760 33.834
202209 28.298 118.818 31.286
202212 25.834 119.345 28.436
202303 25.994 122.402 27.897
202306 25.355 123.140 27.048
202309 26.267 124.195 27.783
202312 26.758 123.773 28.399
202403 27.279 125.038 28.659
202406 26.936 125.882 28.109
202409 27.456 126.198 28.580
202412 27.954 127.041 28.905
202503 27.231 127.779 27.995
202506 27.523 128.412 28.156
202509 28.722 129.255 29.191
202512 29.351 129.361 29.806
202603 30.134 131.258 30.158
202606 30.718 131.364 30.718

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 Indus Holding AG (LTS:0EUH) Overvalued in 2026?

Based on GuruFocus' analysis, Indus Holding AG stock appears to be overvalued. The current stock price of €39.18 is trading 48.8% above its estimated GF Value™ of €26.33. GuruFocus considers Indus Holding AG to be Significantly Overvalued.

Key valuation signals for LTS:0EUH:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €26.33 vs. price of €39.18 (48.8% above fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the LTS:0EUH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indus Holding AG Business Description

Address Kolner Strasse 32, Bergisch Gladbach, NW, DEU, 51429
Indus Holding AG is a holding company investing in small and midsize enterprises in German-speaking regions. The company has three segments namely: Engineering, Infrastructure and Materials Solutions. It derives maximum revenue from Materials Solutions Segment.
70GF Score

Get the complete analysis for LTS:0EUH

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

€39.18
Price
€26.33
GF Value