Tallinnadam AS (OTSE:TSM1T) Cyclically Adjusted PB Ratio: 0.74 (As of Aug. 21, 2026) — 10% Below Median

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OTSE:TSM1T Tallinna Sadam AS OTSE:TSM1T
87 GF Score
Price €1.23
GF Value €1.20
Valuation Fairly Valued
! 5 Warning Signs
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What is Tallinnadam AS Cyclically Adjusted PB Ratio?

Tallinnadam AS OTSE:TSM1T 87 Cyclically Adjusted PB Ratio is 0.74 as of Aug. 21, 2026, which is 10% below its 10-year median of 0.82. GuruFocus rates OTSE:TSM1T with a GF Score™ of 87/100 and a GF Value™ of €1.20 (Fairly Valued). The stock has 5 warning signs investors should review. Among 713 Transportation companies, Tallinnadam AS ranks better than 74.89% on this metric.

As of today (2026-08-21), Tallinnadam AS's current share price is €1.234. Tallinnadam AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.67. Tallinnadam AS's Cyclically Adjusted PB Ratio for today is 0.74.

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

OTSE:TSM1T' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 0.82   Max: 0.9
Current: 0.74

During the past years, Tallinnadam AS's highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.74. And the median was 0.82.

OTSE:TSM1T's Cyclically Adjusted PB Ratio is ranked better than
74.89% of 713 companies
in the Transportation industry
Industry Median: 1.26 vs OTSE:TSM1T: 0.74

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.

Tallinnadam AS's adjusted book value per share data for the three months ended in Jun. 2026 was €1.398. 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 €1.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tallinnadam AS  (OTSE:TSM1T) 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.


Tallinnadam AS Cyclically Adjusted PB Ratio Related Terms


Tallinnadam AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tallinnadam 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.

Tallinnadam AS Cyclically Adjusted PB Ratio Chart

Tallinnadam 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 0.00 0.00 0.00 0.00 0.79

Tallinnadam 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 0.00 0.00 0.79 0.84 0.76

OTSE:TSM1T vs KEX: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Tallinnadam 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.


Tallinnadam AS Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Tallinnadam AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OTSE:TSM1T
87GF Score
Tallinna Sadam AS OTSE:TSM1T
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tallinnadam 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.

Tallinnadam AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.234/1.67
=0.74

* 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.

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

For example, Tallinnadam 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)
=1.398/333.9520*333.9520
=1.398

Current CPI (Jun. 2026) = 333.9520.

Tallinnadam AS Quarterly Data

Book Value per Share CPI Adj_Book
201512 1.303 236.525 1.840
201612 1.319 241.432 1.824
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 1.239 246.524 1.678
201803 1.284 249.554 1.718
201806 1.296 251.989 1.718
201809 1.365 252.439 1.806
201812 1.398 251.233 1.858
201903 1.440 254.202 1.892
201906 1.333 256.143 1.738
201909 1.401 256.759 1.822
201912 1.434 256.974 1.864
202003 1.472 258.115 1.904
202006 1.354 257.797 1.754
202009 1.406 260.280 1.804
202012 1.427 260.474 1.830
202103 1.454 264.877 1.833
202106 1.383 271.696 1.700
202109 1.423 274.310 1.732
202112 1.448 278.802 1.734
202203 1.476 287.504 1.714
202206 1.398 296.311 1.576
202209 1.442 296.808 1.622
202212 1.449 296.797 1.630
202303 1.470 301.836 1.626
202306 1.402 305.109 1.535
202309 1.425 307.789 1.546
202312 1.436 306.746 1.563
202403 1.456 312.332 1.557
202406 1.398 314.175 1.486
202409 1.420 315.301 1.504
202412 1.436 315.605 1.519
202503 1.462 319.799 1.527
202506 1.402 322.561 1.452
202509 1.435 324.800 1.475
202512 1.448 324.054 1.492
202603 1.466 330.213 1.483
202606 1.398 333.952 1.398

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 0.74 mean?
Tallinnadam AS (OTSE:TSM1T) has a Cyclically Adjusted PB Ratio of 0.74 as of Aug. 21, 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 Tallinnadam AS and its competitors. This is 10% below median its historical median of 0.82. Over the past decade, Tallinnadam AS's Cyclically Adjusted PB Ratio has ranged from 0.74 to 0.90. According to the industry distribution chart, Tallinnadam AS ranks #179 out of 713 companies in the Transportation industry, placing it in the top 25.1%.
Is Tallinnadam AS's Cyclically Adjusted PB Ratio too high?
Tallinnadam AS's current Cyclically Adjusted PB Ratio of 0.74 is 10% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 0.90. The Transportation industry median Cyclically Adjusted PB Ratio is 1.26. Tallinnadam AS's value of 0.74 is 41.3% below this industry median. Based on the distribution chart, Tallinnadam AS ranks #179 out of 713 companies in the Transportation industry, which is above the industry midpoint. Overall, Tallinnadam AS has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tallinnadam AS's Cyclically Adjusted PB Ratio compare to KEX?
According to the Transportation industry distribution chart, Tallinnadam AS ranks #179 out of 713 companies for Cyclically Adjusted PB Ratio. This puts Tallinnadam AS in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Tallinnadam AS's value of 0.74 is 41.3% below this benchmark. Historically, Tallinnadam AS's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 0.90 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 1.26, Tallinnadam AS 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 a Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.26, based on 713 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. Tallinnadam AS's current Cyclically Adjusted PB Ratio of 0.74 is 41.3% 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 Tallinnadam AS and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tallinnadam AS's current Cyclically Adjusted PB Ratio is 0.74, which is 10% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tallinnadam AS stock overvalued right now?
Based on GuruFocus' analysis, Tallinnadam AS (OTSE:TSM1T) is currently considered Fairly Valued. The stock's GF Value™ is €1.20, compared to a current price of €1.23 — trading 2.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.74, which is 10% below median its 10-year median of 0.82 and 41.3% below the Transportation industry median of 1.26. Tallinnadam AS's overall GF Score™ is 87/100 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 Tallinnadam AS (OTSE:TSM1T), the current Cyclically Adjusted PB Ratio is 0.74 as of Aug. 21, 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 Tallinnadam AS (OTSE:TSM1T) Overvalued in 2026?

Based on GuruFocus' analysis, Tallinnadam AS stock appears to be overvalued. The current stock price of €1.23 is trading 2.8% above its estimated GF Value™ of €1.20. GuruFocus considers Tallinnadam AS to be Fairly Valued.

Key valuation signals for OTSE:TSM1T:

  • Cyclically Adjusted PB Ratio: 0.74 (10% below median its 10-year median of 0.82)
  • GF Value™: €1.20 vs. price of €1.23 (2.8% above fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 41.3% below the Transportation median (#179 of 713)

No single metric tells the full story. See the OTSE:TSM1T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tallinnadam AS Business Description

Other Exchanges K9B:Germany
Address Sadama 25, Tallinn, EST, 15051
Tallinna Sadam AS is the owner and operator of the Port of Tallinn. It owns two passenger harbours and two cargo harbours. Through its subsidiary, the company also operates ferries and provides passenger transport services between Estonia's mainland and Saaremaa and Hiiumaa islands. The group's reportable segments are Passenger harbours, Cargo harbours, Ferry and Others. Maximum revenue is derived from the Passenger harbours segment, which represents revenue generated by passenger harbours consisting mainly of vessel dues collected from ferries and cruise ships, and passenger fees charged for using services provided by the harbours. Geographically, the group earns a majority of its revenue in Estonia.
87GF Score

Get the complete analysis for OTSE:TSM1T

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

€1.23
Price
€1.20
GF Value