MAX Automation SE (LTS:0RK5) Cyclically Adjusted PB Ratio: 1.04 (As of Aug. 12, 2026) — 30% 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:0RK5 MAX Automation SE LTS:0RK5
23 GF Score
Price €3.69
GF Value €5.37
! 2 Warning Signs
View Full Analysis

What is MAX Automation SE Cyclically Adjusted PB Ratio?

MAX Automation SE LTS:0RK5 23 Cyclically Adjusted PB Ratio is 1.04 as of Aug. 12, 2026, which is 30% below its 10-year median of 1.48. GuruFocus rates LTS:0RK5 with a GF Score™ of 23/100 and a GF Value™ of €5.37. The stock has 2 warning signs investors should review. Among 2,234 Industrial Products companies, MAX Automation SE ranks better than 74.71% on this metric.

As of today (2026-08-12), MAX Automation SE's current share price is €3.69. MAX Automation SE's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €3.54. MAX Automation SE's Cyclically Adjusted PB Ratio for today is 1.04.

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

LTS:0RK5' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.48   Max: 2.55
Current: 1.03

During the past 13 years, MAX Automation SE's highest Cyclically Adjusted PB Ratio was 2.55. The lowest was 0.76. And the median was 1.48.

LTS:0RK5's Cyclically Adjusted PB Ratio is ranked better than
74.71% of 2234 companies
in the Industrial Products industry
Industry Median: 2.185 vs LTS:0RK5: 1.03

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.

MAX Automation SE's adjusted book value per share data of for the fiscal year that ended in Dec25 was €4.696. 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 €3.54 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


MAX Automation SE  (LTS:0RK5) 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.


MAX Automation SE Cyclically Adjusted PB Ratio Related Terms


MAX Automation SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MAX Automation SE'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.

MAX Automation SE Cyclically Adjusted PB Ratio Chart

MAX Automation SE 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 1.35 1.43 1.73 1.78 1.16

MAX Automation SE Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 1.75 1.78 1.70 1.16 1.06

LTS:0RK5 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, MAX Automation SE'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.


MAX Automation SE Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

* The bar in red indicates where MAX Automation SE's Cyclically Adjusted PB Ratio falls into.


LTS:0RK5
23GF Score
MAX Automation SE LTS:0RK5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MAX Automation SE 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.

MAX Automation SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.69/3.54
=1.04

* 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.

MAX Automation SE's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, MAX Automation SE'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)
=4.696/129.3606*129.3606
=4.696

Current CPI (Dec25) = 129.3606.

MAX Automation SE Annual Data

Book Value per Share CPI Adj_Book
201612 4.025 101.217 5.144
201712 4.699 102.617 5.924
201812 2.270 104.217 2.818
201912 2.294 105.818 2.804
202012 1.342 105.518 1.645
202112 1.350 110.384 1.582
202212 2.260 119.345 2.450
202312 2.785 123.773 2.911
202412 4.811 127.041 4.899
202512 4.696 129.361 4.696

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 1.04 mean?
MAX Automation SE (LTS:0RK5) has a Cyclically Adjusted PB Ratio of 1.04 as of Aug. 12, 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 MAX Automation SE and its competitors. This is 30% below median its historical median of 1.48. Over the past decade, MAX Automation SE's Cyclically Adjusted PB Ratio has ranged from 0.76 to 2.55. According to the industry distribution chart, MAX Automation SE ranks #565 out of 2234 companies in the Industrial Products industry, placing it in the top 25.3%.
Is MAX Automation SE's Cyclically Adjusted PB Ratio too high?
MAX Automation SE's current Cyclically Adjusted PB Ratio of 1.04 is 30% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.55. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.19. MAX Automation SE's value of 1.04 is 52.4% below this industry median. Based on the distribution chart, MAX Automation SE ranks #565 out of 2234 companies in the Industrial Products industry, which is above the industry midpoint. Overall, MAX Automation SE has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does MAX Automation SE's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, MAX Automation SE ranks #565 out of 2234 companies for Cyclically Adjusted PB Ratio. This puts MAX Automation SE in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.19. MAX Automation SE's value of 1.04 is 52.4% below this benchmark. Historically, MAX Automation SE's own Cyclically Adjusted PB Ratio has ranged from 0.76 to 2.55 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 2.19, MAX Automation SE 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.19, based on 2,234 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. MAX Automation SE's current Cyclically Adjusted PB Ratio of 1.04 is 52.4% 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 MAX Automation SE and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAX Automation SE's current Cyclically Adjusted PB Ratio is 1.04, which is 30% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAX Automation SE stock overvalued right now?
MAX Automation SE (LTS:0RK5) has a current Cyclically Adjusted PB Ratio of 1.04. The stock's GF Value™ is €5.37, compared to a current price of €3.69 — trading 31.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.04, which is 30% below median its 10-year median of 1.48 and 52.4% below the Industrial Products industry median of 2.19. MAX Automation SE's overall GF Score™ is 23/100 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 MAX Automation SE (LTS:0RK5), the current Cyclically Adjusted PB Ratio is 1.04 as of Aug. 12, 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 MAX Automation SE (LTS:0RK5) Overvalued in 2026?

Based on GuruFocus' analysis, MAX Automation SE stock appears to be undervalued. The current stock price of €3.69 is trading 31.3% below its estimated GF Value™ of €5.37.

Key valuation signals for LTS:0RK5:

  • Cyclically Adjusted PB Ratio: 1.04 (30% below median its 10-year median of 1.48)
  • GF Value™: €5.37 vs. price of €3.69 (31.3% below fair value)
  • GF Score™: 23/100 with 2 warning signs
  • Industry Position: 52.4% below the Industrial Products median (#565 of 2234)

No single metric tells the full story. See the LTS:0RK5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MAX Automation SE Business Description

Other Exchanges MXHN:GermanyMXHN:Austria
Address Steinhoft 11, Hamburg, HB, DEU, 20459
MAX Automation SE operates internationally as a high-tech mechanical engineering company and a full-service provider of integrated and complex system and component solutions. The business operations are divided into the segments BDTRONIC Group, Vecoplan Group, AIM Micro, NSM + Jucker, ELWEMA, and the Other segment, which includes the IWM companies. It derives the majority of the revenue from the Vecoplan Group segment that develops, manufactures and installs machines and plants for the shredding, conveying, and processing of primary and secondary raw materials, mainly for customers in the wood and recycling industry, the waste disposal industry, and the paper and plastics industry.
23GF Score

Get the complete analysis for LTS:0RK5

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

€3.69
Price
€5.37
GF Value