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.
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.
dorma+kaba Holding AGLTS:0QMS -0.60%66 Cyclically Adjusted PB Ratio is 8.98 as of Jul. 15, 2026, which is 23% above its 10-year median of 7.32. GuruFocus rates LTS:0QMS with a GF Score™ of 66/100 and a GF Value™ of CHF52.78 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,358 Construction companies, dorma+kaba Holding AG ranks worse than 94.26% on this metric.
The historical rank and industry rank for dorma+kaba Holding AG's Cyclically Adjusted PB Ratio or its related term are showing as below:
LTS:0QMS'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.11 Med: 7.32 Max: 13.24
Current: 8.98
During the past 13 years, dorma+kaba Holding AG's highest Cyclically Adjusted PB Ratio was 13.24. The lowest was 4.11. And the median was 7.32.
LTS:0QMS's Cyclically Adjusted PB Ratio is ranked worse than 94.26% of 1358
companies
in the Construction industry
Industry Median: 1.19
vs LTS:0QMS: 8.98
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.
dorma+kaba Holding AG's adjusted book value per share data of for the fiscal year that ended in Jun25 was CHF6.661. 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 CHF5.95 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
dorma+kaba Holding AG (LTS:0QMS) 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.
dorma+kaba Holding AG Cyclically Adjusted PB Ratio Related Terms
dorma+kaba Holding AG Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for dorma+kaba 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.
dorma+kaba Holding AG Cyclically Adjusted PB Ratio Chart
LTS:0QMS vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison
For the Building Products & Equipment subindustry, dorma+kaba 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.
dorma+kaba Holding AG Cyclically Adjusted PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, dorma+kaba Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where dorma+kaba Holding AG's Cyclically Adjusted PB Ratio falls into.
dorma+kaba 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.
* 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.
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 8.98 mean?
dorma+kaba Holding AG (LTS:0QMS) has a Cyclically Adjusted PB Ratio of 8.98 as of Jul. 15, 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 dorma+kaba Holding AG and its competitors. This is 23% above median its historical median of 7.32. Over the past decade, dorma+kaba Holding AG's Cyclically Adjusted PB Ratio has ranged from 4.11 to 13.24. According to the industry distribution chart, dorma+kaba Holding AG ranks #1280 out of 1358 companies in the Construction industry, placing it in the top 94.3%.
Is dorma+kaba Holding AG's Cyclically Adjusted PB Ratio too high?
dorma+kaba Holding AG's current Cyclically Adjusted PB Ratio of 8.98 is 23% above median its 10-year median of 7.32. Over the past 10 years, this metric has ranged from a low of 4.11 to a high of 13.24. The Construction industry median Cyclically Adjusted PB Ratio is 1.19. dorma+kaba Holding AG's value of 8.98 is 654.6% above this industry median. Based on the distribution chart, dorma+kaba Holding AG ranks #1280 out of 1358 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, dorma+kaba Holding AG has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does dorma+kaba Holding AG's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, dorma+kaba Holding AG ranks #1280 out of 1358 companies for Cyclically Adjusted PB Ratio. This places dorma+kaba Holding AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.19. dorma+kaba Holding AG's value of 8.98 is 654.6% above this benchmark. Historically, dorma+kaba Holding AG's own Cyclically Adjusted PB Ratio has ranged from 4.11 to 13.24 over the past decade. While the company's 10-year median is 7.32 vs. the industry median of 1.19, dorma+kaba Holding AG 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.19, based on 1,358 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. dorma+kaba Holding AG's current Cyclically Adjusted PB Ratio of 8.98 is 654.6% 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 dorma+kaba Holding AG and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. dorma+kaba Holding AG's current Cyclically Adjusted PB Ratio is 8.98, which is 23% above median its own 10-year median of 7.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is dorma+kaba Holding AG stock overvalued right now?
Based on GuruFocus' analysis, dorma+kaba Holding AG (LTS:0QMS) is currently considered Fairly Valued. The stock's GF Value™ is CHF52.78, compared to a current price of CHF53.45 — trading 1.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.98, which is 23% above median its 10-year median of 7.32 and 654.6% above the Construction industry median of 1.19. dorma+kaba Holding AG's overall GF Score™ is 66/100 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 dorma+kaba Holding AG (LTS:0QMS), the current Cyclically Adjusted PB Ratio is 8.98 as of Jul. 15, 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 dorma+kaba Holding AG (LTS:0QMS) Overvalued in 2026?
Based on GuruFocus' analysis, dorma+kaba Holding AG stock appears to be overvalued.
The current stock price of CHF53.45 is trading 1.3% above its estimated GF Value™ of CHF52.78.
GuruFocus considers dorma+kaba Holding AG to be Fairly Valued.
Key valuation signals for LTS:0QMS:
Cyclically Adjusted PB Ratio: 8.98 (23% above median its 10-year median of 7.32)
GF Value™: CHF52.78 vs. price of CHF53.45 (1.3% above fair value)
Industry Position: 654.6% above the Construction median (#1280 of 1358)
No single metric tells the full story. See the LTS:0QMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
dorma+kaba Holding AG is a security group that provides smart and secure access solutions and systems in the security industry. The group offers products such as Door Hardware, Entrance Systems, Electronic Access & Data, Mechanical Key Systems, Lodging Systems, Safe Locks, Movable Walls, Key Systems, and dormakaba digital. Its Services are Maintenance, Emergency Callout & Repair, Genuine Spare Parts, Modernization & Upgrades, Installation, Training & Webinars, Consulting, and Digital Services. The company has two operating segments: Access Solutions and Key & Wall Solutions and OEM. It generates the majority of its revenue from the Access Solutions segment.
66GF Score
Get the complete analysis for LTS:0QMS
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0QMS has been successfully added to your 
