Andritz AG (MIL:1ANDR) Cyclically Adjusted PB Ratio: (As of Jul. 31, 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.

MIL:1ANDR Andritz AG MIL:1ANDR
51 GF Score
Price €81.70
GF Value €54.51
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Andritz AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Andritz AG  (MIL:1ANDR) 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.


Andritz AG Cyclically Adjusted PB Ratio Related Terms


Andritz AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Andritz 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.

Andritz AG Cyclically Adjusted PB Ratio Chart

Andritz AG 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 3.71 3.79 3.58 2.87 3.59

Andritz AG 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 3.53 3.29 3.59 3.12 0.00

MIL:1ANDR vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Andritz 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.


Andritz AG Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


MIL:1ANDR
51GF Score
Andritz AG MIL:1ANDR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Andritz 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.

Andritz AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Andritz AG'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)
=24.84/142.1600*142.1600
=24.840

Current CPI (Jun. 2026) = 142.1600.

Andritz AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.656 101.192 16.375
201612 13.007 102.092 18.112
201703 11.853 102.592 16.425
201706 12.290 102.991 16.964
201709 12.468 103.591 17.110
201712 12.872 104.291 17.546
201803 11.542 104.491 15.703
201806 11.978 105.091 16.203
201809 12.341 105.691 16.599
201812 13.026 106.291 17.422
201903 11.778 106.391 15.738
201906 11.758 106.791 15.652
201909 11.220 106.991 14.908
201912 12.082 108.091 15.890
202003 11.881 108.024 15.635
202006 12.076 107.915 15.908
202009 11.888 108.348 15.598
202012 12.670 109.321 16.476
202103 12.434 110.186 16.042
202106 13.510 110.943 17.311
202109 14.255 111.916 18.107
202112 15.874 113.971 19.800
202203 17.320 117.647 20.929
202206 16.926 120.567 19.957
202209 18.731 123.811 21.507
202212 18.691 125.541 21.165
202303 17.768 128.460 19.663
202306 19.074 130.191 20.828
202309 20.320 131.272 22.005
202312 21.950 132.570 23.538
202403 20.541 133.759 21.831
202406 21.616 134.083 22.918
202409 22.340 133.651 23.762
202412 23.345 135.273 24.534
202503 21.710 137.760 22.403
202506 22.237 138.517 22.822
202509 23.342 138.950 23.881
202512 25.018 140.350 25.341
202603 23.652 142.160 23.652
202606 24.840 142.160 24.840

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.

Is Andritz AG (MIL:1ANDR) Overvalued in 2026?

Based on GuruFocus' analysis, Andritz AG stock appears to be overvalued. The current stock price of €81.70 is trading 49.9% above its estimated GF Value™ of €54.51. GuruFocus considers Andritz AG to be Significantly Overvalued.

Key valuation signals for MIL:1ANDR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €54.51 vs. price of €81.70 (49.9% above fair value)
  • GF Score™: 51/100 with 8 warning signs

No single metric tells the full story. See the MIL:1ANDR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Andritz AG Business Description

Address Stattegger Strasse 18, Graz, AUT, 8045
Andritz AG is a producer of high-technology industrial machinery and operates through four operating segments: ANDRITZ Pulp & Paper provides sustainable technology, automation, and service solutions for the production of all types of pulp, paper, and board; ANDRITZ Metals includes suppliers of technologies, plants, and digital solutions in metal forming, and also includes automation and software solutions, process know-how, and service; ANDRITZ Hydropower includes suppliers of electromechanical equipment and services for hydropower stations; and ANDRITZ Environment & Energy provides sustainable technologies for industries, including green hydrogen, carbon capture, solid/liquid separation, and renewable fuels. It generates the maximum of its revenue from the ANDRITZ Pulp & Paper segment.
51GF Score

Get the complete analysis for MIL:1ANDR

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

€81.70
Price
€54.51
GF Value