Glaston Oyj (LTS:0IG1) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

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.

What is Glaston Oyj Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Glaston Oyj  (LTS:0IG1) 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.


Glaston Oyj Cyclically Adjusted PB Ratio Related Terms


Glaston Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Glaston Oyj'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.

Glaston Oyj Cyclically Adjusted PB Ratio Chart

Glaston Oyj 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 1.22 0.96 0.79 0.87 0.64

Glaston Oyj Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.80 0.75 0.63 0.64 0.56

LTS:0IG1 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Glaston Oyj'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.


Glaston Oyj Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glaston Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Glaston Oyj 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.

Glaston Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Glaston Oyj's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.293/124.6700*124.6700
=0.293

Current CPI (Mar. 2026) = 124.6700.

Glaston Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.139 100.390 0.173
201609 0.147 100.540 0.182
201612 0.156 101.020 0.193
201703 0.158 100.910 0.195
201706 0.162 101.140 0.200
201709 0.167 101.320 0.205
201712 0.169 101.510 0.208
201803 0.170 101.730 0.208
201806 0.163 102.320 0.199
201809 0.167 102.600 0.203
201812 0.169 102.710 0.205
201903 0.222 102.870 0.269
201906 0.369 103.360 0.445
201909 0.357 103.540 0.430
201912 0.323 103.650 0.389
202003 0.340 103.490 0.410
202006 0.336 103.320 0.405
202009 0.328 103.710 0.394
202012 0.323 103.890 0.388
202103 0.303 104.870 0.360
202106 0.297 105.360 0.351
202109 0.304 106.290 0.357
202112 0.300 107.490 0.348
202203 0.302 110.950 0.339
202206 0.301 113.570 0.330
202209 0.313 114.920 0.340
202212 0.309 117.320 0.328
202303 0.317 119.750 0.330
202306 0.297 120.690 0.307
202309 0.302 121.280 0.310
202312 0.310 121.540 0.318
202403 0.310 122.360 0.316
202406 0.291 122.230 0.297
202409 0.292 122.260 0.298
202412 0.287 122.390 0.292
202503 0.290 123.010 0.294
202506 0.271 122.530 0.276
202509 0.286 122.880 0.290
202512 0.289 122.670 0.294
202603 0.293 124.670 0.293

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.


Glaston Oyj Business Description

Other Exchanges GLA1V:FinlandKRY:Germany
Address Lonnrotinkatu 11, Helsinki, FIN, 00120
Glaston Oyj is a company engaged in developing and selling glass processing machinery. Its business includes a range of heat treatment machines, maintenance, upgrade, and modernization services, and spare parts for glass flat tempering, bending, bending tempering, and laminating. It also offers digital services, such as glass processing machine remote monitoring and fault analysis services, and consulting and engineering services. The company provides solutions to various industries including Architectural, Appliances, Automotive and Solar.