MSA (MSAfety) Cyclically Adjusted PB Ratio: 7.56 (As of Aug. 10, 2026) — Near Median

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MSA MSA Safety Inc MSA
83 GF Score
Price $194.19
GF Value $188.15
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is MSAfety Cyclically Adjusted PB Ratio?

MSAfety MSA +0.12% 83 Cyclically Adjusted PB Ratio is 7.56 as of Aug. 10, 2026, which is 6% above its 10-year median of 7.10. GuruFocus rates MSA with a GF Score™ of 83/100 and a GF Value™ of $188.15 (Fairly Valued). The stock has 3 warning signs investors should review. Among 724 Business Services companies, MSAfety ranks worse than 92.13% on this metric.

As of today (2026-08-10), MSAfety's current share price is $194.19. MSAfety's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $25.67. MSAfety's Cyclically Adjusted PB Ratio for today is 7.56.

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

MSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.94   Med: 7.1   Max: 10.52
Current: 7.56

During the past years, MSAfety's highest Cyclically Adjusted PB Ratio was 10.52. The lowest was 3.94. And the median was 7.10.

MSA's Cyclically Adjusted PB Ratio is ranked worse than
92.13% of 724 companies
in the Business Services industry
Industry Median: 1.56 vs MSA: 7.56

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.

MSAfety's adjusted book value per share data for the three months ended in Jun. 2026 was $36.216. 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 $25.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSAfety  (NYSE:MSA) 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.


MSAfety Cyclically Adjusted PB Ratio Related Terms


MSAfety Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MSAfety'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.

MSAfety Cyclically Adjusted PB Ratio Chart

MSAfety 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 8.36 7.28 8.08 7.47 6.63

MSAfety 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 7.19 7.23 6.63 6.56 6.80

MSA vs ADT, BCO, BRC: Cyclically Adjusted PB Ratio Comparison

For the Security & Protection Services subindustry, MSAfety'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.


MSAfety Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, MSAfety's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MSA
83GF Score
MSA Safety Inc MSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MSAfety 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.

MSAfety's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=194.19/25.67
=7.56

* 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.

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

For example, MSAfety'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)
=36.216/333.9520*333.9520
=36.216

Current CPI (Jun. 2026) = 333.9520.

MSAfety Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.929 241.428 20.650
201612 14.696 241.432 20.328
201703 15.096 243.801 20.678
201706 15.610 244.955 21.281
201709 16.125 246.819 21.818
201712 15.541 246.524 21.053
201803 16.509 249.554 22.092
201806 16.405 251.989 21.741
201809 16.918 252.439 22.381
201812 16.360 251.233 21.747
201903 16.901 254.202 22.203
201906 17.604 256.143 22.952
201909 18.031 256.759 23.452
201912 18.595 256.974 24.165
202003 18.252 258.115 23.615
202006 18.978 257.797 24.584
202009 19.741 260.280 25.329
202012 21.389 260.474 27.423
202103 20.709 264.877 26.110
202106 21.354 271.696 26.247
202109 20.930 274.310 25.481
202112 21.153 278.802 25.337
202203 21.795 287.504 25.316
202206 21.329 296.311 24.038
202209 21.400 296.808 24.078
202212 23.466 296.797 26.404
202303 19.513 301.836 21.589
202306 21.062 305.109 23.053
202309 22.008 307.789 23.879
202312 24.499 306.746 26.672
202403 25.169 312.332 26.911
202406 26.177 314.175 27.825
202409 27.773 315.301 29.416
202412 29.031 315.605 30.719
202503 30.194 319.799 31.530
202506 31.911 322.561 33.038
202509 33.174 324.800 34.109
202512 35.038 324.054 36.108
202603 34.901 330.213 35.296
202606 36.216 333.952 36.216

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 7.56 mean?
MSAfety (MSA) has a Cyclically Adjusted PB Ratio of 7.56 as of Aug. 10, 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 MSAfety and its competitors. This is near median its historical median of 7.10. Over the past decade, MSAfety's Cyclically Adjusted PB Ratio has ranged from 3.94 to 10.52. According to the industry distribution chart, MSAfety ranks #667 out of 724 companies in the Business Services industry, placing it in the top 92.1%.
Is MSAfety's Cyclically Adjusted PB Ratio too high?
MSAfety's current Cyclically Adjusted PB Ratio of 7.56 is near median its 10-year median of 7.10. Over the past 10 years, this metric has ranged from a low of 3.94 to a high of 10.52. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. MSAfety's value of 7.56 is 384.6% above this industry median. Based on the distribution chart, MSAfety ranks #667 out of 724 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, MSAfety has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MSAfety's Cyclically Adjusted PB Ratio compare to ADT and BCO?
According to the Business Services industry distribution chart, MSAfety ranks #667 out of 724 companies for Cyclically Adjusted PB Ratio. This places MSAfety in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. MSAfety's value of 7.56 is 384.6% above this benchmark. Historically, MSAfety's own Cyclically Adjusted PB Ratio has ranged from 3.94 to 10.52 over the past decade. While the company's 10-year median is 7.10 vs. the industry median of 1.56, MSAfety 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 724 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. MSAfety's current Cyclically Adjusted PB Ratio of 7.56 is 384.6% 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 MSAfety and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSAfety's current Cyclically Adjusted PB Ratio is 7.56, which is near median its own 10-year median of 7.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSAfety stock overvalued right now?
Based on GuruFocus' analysis, MSAfety (MSA) is currently considered Fairly Valued. The stock's GF Value™ is $188.15, compared to a current price of $194.19 — trading 3.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.56, which is near median its 10-year median of 7.10 and 384.6% above the Business Services industry median of 1.56. MSAfety's overall GF Score™ is 83/100 with 3 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 MSAfety (MSA), the current Cyclically Adjusted PB Ratio is 7.56 as of Aug. 10, 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 MSAfety (MSA) Overvalued in 2026?

Based on GuruFocus' analysis, MSAfety stock appears to be overvalued. The current stock price of $194.19 is trading 3.2% above its estimated GF Value™ of $188.15. GuruFocus considers MSAfety to be Fairly Valued.

Key valuation signals for MSA:

  • Cyclically Adjusted PB Ratio: 7.56 (near median its 10-year median of 7.10)
  • GF Value™: $188.15 vs. price of $194.19 (3.2% above fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 384.6% above the Business Services median (#667 of 724)

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


MSAfety Business Description

Other Exchanges M07:Germany
Address 1000 Cranberry Woods Drive, Cranberry Township, PA, USA, 16066-5207
MSA Safety Inc makes safety products that are used to protect workers in the oil and gas and mining industries. The company's product offerings include breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems, among others. The end markets for its products include the fire service, contractor, industrial, mining, oil and gas, and utilities industries. The company has organized its business into four geographical operating segments that are aggregated into two reportable segments: Americas and International. The majority of its revenue is generated from the Americas segment, which is comprised of the company's operations in Northern North America and Latin America geographies.
83GF Score

Get the complete analysis for MSA

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

$194.19
Price
$188.15
GF Value