Piraeus Port Authority (LTS:0FHO) Cyclically Adjusted PB Ratio: 3.19 (As of Jul. 19, 2026) — 31% Above 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:0FHO Piraeus Port Authority SA LTS:0FHO
77 GF Score
Price €44.25
GF Value €34.28
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Piraeus Port Authority Cyclically Adjusted PB Ratio?

Piraeus Port Authority LTS:0FHO 77 Cyclically Adjusted PB Ratio is 3.19 as of Jul. 19, 2026, which is 31% above its 10-year median of 2.44. GuruFocus rates LTS:0FHO with a GF Score™ of 77/100 and a GF Value™ of €34.28 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 738 Transportation companies, Piraeus Port Authority ranks worse than 83.6% on this metric.

As of today (2026-07-19), Piraeus Port Authority's current share price is €44.25. Piraeus Port Authority's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €13.86. Piraeus Port Authority's Cyclically Adjusted PB Ratio for today is 3.19.

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

LTS:0FHO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.68   Med: 2.44   Max: 4.21
Current: 3.45

During the past 13 years, Piraeus Port Authority's highest Cyclically Adjusted PB Ratio was 4.21. The lowest was 1.68. And the median was 2.44.

LTS:0FHO's Cyclically Adjusted PB Ratio is ranked worse than
83.6% of 738 companies
in the Transportation industry
Industry Median: 1.235 vs LTS:0FHO: 3.45

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.

Piraeus Port Authority's adjusted book value per share data of for the fiscal year that ended in Dec25 was €17.889. 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 €13.86 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Piraeus Port Authority  (LTS:0FHO) 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.


Piraeus Port Authority Cyclically Adjusted PB Ratio Related Terms


Piraeus Port Authority Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Piraeus Port Authority'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.

Piraeus Port Authority Cyclically Adjusted PB Ratio Chart

Piraeus Port Authority 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 2.08 1.68 2.22 2.60 3.20

Piraeus Port Authority 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 2.22 0.00 2.60 0.00 3.20

Piraeus Port Authority Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Piraeus Port Authority'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.


Piraeus Port Authority Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's Cyclically Adjusted PB Ratio falls into.


LTS:0FHO
77GF Score
Piraeus Port Authority SA LTS:0FHO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Piraeus Port Authority 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.

Piraeus Port Authority's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.25/13.86
=3.19

* 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.

Piraeus Port Authority's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Piraeus Port Authority'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)
=17.889/122.4500*122.4500
=17.889

Current CPI (Dec25) = 122.4500.

Piraeus Port Authority Annual Data

Book Value per Share CPI Adj_Book
201612 7.104 100.110 8.689
201712 7.436 100.762 9.036
201812 8.358 101.330 10.100
201912 9.464 102.120 11.348
202012 9.977 99.751 12.247
202112 11.047 104.853 12.901
202212 12.580 112.428 13.701
202312 14.203 116.364 14.946
202412 16.363 119.360 16.787
202512 17.889 122.450 17.889

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 3.19 mean?
Piraeus Port Authority (LTS:0FHO) has a Cyclically Adjusted PB Ratio of 3.19 as of Jul. 19, 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 Piraeus Port Authority and its competitors. This is 31% above median its historical median of 2.44. Over the past decade, Piraeus Port Authority's Cyclically Adjusted PB Ratio has ranged from 1.68 to 4.21. According to the industry distribution chart, Piraeus Port Authority ranks #617 out of 738 companies in the Transportation industry, placing it in the top 83.6%.
Is Piraeus Port Authority's Cyclically Adjusted PB Ratio too high?
Piraeus Port Authority's current Cyclically Adjusted PB Ratio of 3.19 is 31% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 4.21. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. Piraeus Port Authority's value of 3.19 is 158.3% above this industry median. Based on the distribution chart, Piraeus Port Authority ranks #617 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Piraeus Port Authority has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piraeus Port Authority's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Piraeus Port Authority ranks #617 out of 738 companies for Cyclically Adjusted PB Ratio. This places Piraeus Port Authority in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Piraeus Port Authority's value of 3.19 is 158.3% above this benchmark. Historically, Piraeus Port Authority's own Cyclically Adjusted PB Ratio has ranged from 1.68 to 4.21 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 1.24, Piraeus Port Authority has consistently been above 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 738 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. Piraeus Port Authority's current Cyclically Adjusted PB Ratio of 3.19 is 158.3% above 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 Piraeus Port Authority and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piraeus Port Authority's current Cyclically Adjusted PB Ratio is 3.19, which is 31% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piraeus Port Authority stock overvalued right now?
Based on GuruFocus' analysis, Piraeus Port Authority (LTS:0FHO) is currently considered Modestly Overvalued. The stock's GF Value™ is €34.28, compared to a current price of €44.25 — trading 29.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.19, which is 31% above median its 10-year median of 2.44 and 158.3% above the Transportation industry median of 1.24. Piraeus Port Authority's overall GF Score™ is 77/100 with 2 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 Piraeus Port Authority (LTS:0FHO), the current Cyclically Adjusted PB Ratio is 3.19 as of Jul. 19, 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 Piraeus Port Authority (LTS:0FHO) Overvalued in 2026?

Based on GuruFocus' analysis, Piraeus Port Authority stock appears to be overvalued. The current stock price of €44.25 is trading 29.1% above its estimated GF Value™ of €34.28. GuruFocus considers Piraeus Port Authority to be Modestly Overvalued.

Key valuation signals for LTS:0FHO:

  • Cyclically Adjusted PB Ratio: 3.19 (31% above median its 10-year median of 2.44)
  • GF Value™: €34.28 vs. price of €44.25 (29.1% above fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 158.3% above the Transportation median (#617 of 738)

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


Piraeus Port Authority Business Description

Other Exchanges PPA:GreecePZE:Germany
Address 10 Akti Miaouli Street, Piraeus, GRC, 18538
Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments of the company include Container Terminal, Car distribution, Coastal shipping, Concession of Piers II & III, Cruise, Ship repairing, and Other segments.
77GF Score

Get the complete analysis for LTS:0FHO

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

€44.25
Price
€34.28
GF Value