Vestas Wind Systems AS (MEX:VWS N) Cyclically Adjusted PB Ratio: 5.86 (As of Sep. 16, 2026) — 11% Below Median

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MEX:VWS N Vestas Wind Systems AS MEX:VWS N
85 GF Score
Price MXN492.90
GF Value MXN443.54
! 7 Warning Signs
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What is Vestas Wind Systems AS Cyclically Adjusted PB Ratio?

Vestas Wind Systems AS MEX:VWS N 85 Cyclically Adjusted PB Ratio is 5.86 as of Sep. 16, 2026, which is 11% below its 10-year median of 6.55. GuruFocus rates MEX:VWS N with a GF Score™ of 85/100 and a GF Value™ of MXN443.54. The stock has 7 warning signs investors should review. Among 2,099 Industrial Products companies, Vestas Wind Systems AS ranks worse than 89.04% on this metric.

As of today (2026-09-16), Vestas Wind Systems AS's current share price is MXN492.90. Vestas Wind Systems AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN84.08. Vestas Wind Systems AS's Cyclically Adjusted PB Ratio for today is 5.86.

The historical rank and industry rank for Vestas Wind Systems AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:VWS N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.16   Med: 6.55   Max: 15.68
Current: 7.58

During the past years, Vestas Wind Systems AS's highest Cyclically Adjusted PB Ratio was 15.68. The lowest was 3.16. And the median was 6.55.

MEX:VWS N's Cyclically Adjusted PB Ratio is ranked worse than
89.04% of 2099 companies
in the Industrial Products industry
Industry Median: 2.08 vs MEX:VWS N: 7.58

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.

Vestas Wind Systems AS's adjusted book value per share data for the three months ended in Jun. 2026 was MXN80.584. 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 MXN84.08 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vestas Wind Systems AS  (MEX:VWS N) 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.


Vestas Wind Systems AS Cyclically Adjusted PB Ratio Related Terms


Vestas Wind Systems AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vestas Wind Systems AS'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.

Vestas Wind Systems AS Cyclically Adjusted PB Ratio Chart

Vestas Wind Systems AS 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 11.09 7.12 4.75 3.42 5.51

Vestas Wind Systems AS 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 3.56 4.85 5.89 5.75 5.86

MEX:VWS N vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Vestas Wind Systems AS'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.


Vestas Wind Systems AS Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vestas Wind Systems AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vestas Wind Systems AS's Cyclically Adjusted PB Ratio falls into.


MEX:VWS N
85GF Score
Vestas Wind Systems AS MEX:VWS N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vestas Wind Systems AS 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.

Vestas Wind Systems AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=492.90/84.079
=5.86

* 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.

Vestas Wind Systems AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Vestas Wind Systems AS'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)
=80.584/122.9500*122.9500
=80.584

Current CPI (Jun. 2026) = 122.9500.

Vestas Wind Systems AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 60.213 100.200 73.884
201612 64.851 100.300 79.496
201703 60.033 101.200 72.935
201706 60.337 101.200 73.305
201709 63.165 101.800 76.288
201712 71.803 101.300 87.149
201803 68.405 101.700 82.698
201806 66.640 102.300 80.092
201809 63.722 102.400 76.510
201812 70.845 102.100 85.312
201903 67.921 102.900 81.155
201906 65.432 102.900 78.181
201909 72.126 102.900 86.180
201912 72.595 102.900 86.740
202003 90.684 103.300 107.934
202006 83.779 103.200 99.812
202009 89.699 103.500 106.555
202012 114.159 103.400 135.743
202103 111.010 104.300 130.860
202106 104.762 105.000 122.671
202109 110.667 105.800 128.606
202112 108.753 106.600 125.433
202203 85.736 109.900 95.917
202206 76.449 113.600 82.741
202209 72.742 116.400 76.835
202212 63.250 115.900 67.097
202303 58.777 117.300 61.608
202306 52.816 116.400 55.788
202309 54.342 117.400 56.911
202312 56.540 116.700 59.568
202403 54.495 118.400 56.589
202406 56.821 118.500 58.955
202409 63.278 118.900 65.433
202412 75.825 118.900 78.408
202503 73.927 120.200 75.618
202506 68.673 120.700 69.953
202509 75.182 121.600 76.017
202512 82.744 121.180 83.953
202603 82.264 121.670 83.129
202606 80.584 122.950 80.584

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 5.86 mean?
Vestas Wind Systems AS (MEX:VWS N) has a Cyclically Adjusted PB Ratio of 5.86 as of Sep. 16, 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 Vestas Wind Systems AS and its competitors. This is 11% below median its historical median of 6.55. Over the past decade, Vestas Wind Systems AS's Cyclically Adjusted PB Ratio has ranged from 3.16 to 15.68. According to the industry distribution chart, Vestas Wind Systems AS ranks #1869 out of 2099 companies in the Industrial Products industry, placing it in the top 89%.
Is Vestas Wind Systems AS's Cyclically Adjusted PB Ratio too high?
Vestas Wind Systems AS's current Cyclically Adjusted PB Ratio of 5.86 is 11% below median its 10-year median of 6.55. Over the past 10 years, this metric has ranged from a low of 3.16 to a high of 15.68. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. Vestas Wind Systems AS's value of 5.86 is 181.7% above this industry median. Based on the distribution chart, Vestas Wind Systems AS ranks #1869 out of 2099 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Vestas Wind Systems AS has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Vestas Wind Systems AS's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Vestas Wind Systems AS ranks #1869 out of 2099 companies for Cyclically Adjusted PB Ratio. This places Vestas Wind Systems AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.08. Vestas Wind Systems AS's value of 5.86 is 181.7% above this benchmark. Historically, Vestas Wind Systems AS's own Cyclically Adjusted PB Ratio has ranged from 3.16 to 15.68 over the past decade. While the company's 10-year median is 6.55 vs. the industry median of 2.08, Vestas Wind Systems AS 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.08, based on 2,099 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. Vestas Wind Systems AS's current Cyclically Adjusted PB Ratio of 5.86 is 181.7% 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 Vestas Wind Systems AS and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vestas Wind Systems AS's current Cyclically Adjusted PB Ratio is 5.86, which is 11% below median its own 10-year median of 6.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestas Wind Systems AS stock overvalued right now?
Vestas Wind Systems AS (MEX:VWS N) has a current Cyclically Adjusted PB Ratio of 5.86. The stock's GF Value™ is MXN443.54, compared to a current price of MXN492.90 — trading 11.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.86, which is 11% below median its 10-year median of 6.55 and 181.7% above the Industrial Products industry median of 2.08. Vestas Wind Systems AS's overall GF Score™ is 85/100 with 7 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 Vestas Wind Systems AS (MEX:VWS N), the current Cyclically Adjusted PB Ratio is 5.86 as of Sep. 16, 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 Vestas Wind Systems AS (MEX:VWS N) Overvalued in 2026?

Based on GuruFocus' analysis, Vestas Wind Systems AS stock appears to be overvalued. The current stock price of MXN492.90 is trading 11.1% above its estimated GF Value™ of MXN443.54.

Key valuation signals for MEX:VWS N:

  • Cyclically Adjusted PB Ratio: 5.86 (11% below median its 10-year median of 6.55)
  • GF Value™: MXN443.54 vs. price of MXN492.90 (11.1% above fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 181.7% above the Industrial Products median (#1869 of 2099)

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


Vestas Wind Systems AS Business Description

Address Hedeager 42, Aarhus, DNK, 8200
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.
85GF Score

Get the complete analysis for MEX:VWS N

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

MXN492.90
Price
MXN443.54
GF Value