SHLAF (Schindler Holding AG) Cyclically Adjusted PB Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
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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.

SHLAF Schindler Holding AG SHLAF
78 GF Score
Price $330.50
GF Value $326.29
Valuation Fairly Valued
! 1 Warning Sign
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What is Schindler Holding AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Schindler Holding AG  (OTCPK:SHLAF) 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.


Schindler Holding AG Cyclically Adjusted PB Ratio Related Terms


Schindler Holding AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Schindler Holding 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.

Schindler Holding AG Cyclically Adjusted PB Ratio Chart

Schindler Holding 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 8.74 5.49 6.18 7.20 7.72

Schindler Holding 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 8.08 7.95 7.72 6.68 0.00

SHLAF vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Schindler Holding 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.


Schindler Holding AG Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


SHLAF
78GF Score
Schindler Holding AG SHLAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Schindler Holding 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.

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

For example, Schindler Holding 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)
=54.078/108.5400*108.5400
=54.078

Current CPI (Jun. 2026) = 108.5400.

Schindler Holding AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 24.166 99.604 26.334
201612 25.272 99.380 27.601
201703 22.876 100.040 24.820
201706 25.491 100.285 27.589
201709 27.698 100.254 29.987
201712 29.905 100.213 32.390
201803 28.289 100.836 30.450
201806 30.088 101.435 32.195
201809 33.038 101.246 35.418
201812 34.207 100.906 36.795
201903 35.291 101.571 37.712
201906 33.596 102.044 35.735
201909 36.267 101.396 38.822
201912 35.776 101.063 38.423
202003 31.958 101.048 34.328
202006 34.066 100.743 36.703
202009 37.292 100.585 40.241
202012 40.729 100.241 44.101
202103 38.055 100.800 40.977
202106 42.779 101.352 45.813
202109 44.084 101.533 47.127
202112 43.404 101.776 46.289
202203 40.372 103.205 42.459
202206 38.991 104.783 40.389
202209 39.704 104.835 41.107
202212 43.259 104.666 44.860
202303 41.383 106.245 42.277
202306 44.521 106.576 45.342
202309 0.000 106.570 0.000
202312 49.496 106.461 50.462
202403 46.036 107.355 46.544
202406 47.828 107.991 48.071
202409 52.481 107.468 53.005
202412 51.737 107.128 52.419
202503 47.453 107.722 47.813
202506 52.763 108.075 52.990
202509 56.943 107.710 57.382
202512 59.424 107.200 60.167
202603 53.249 108.060 53.486
202606 54.078 108.540 54.078

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 Schindler Holding AG (SHLAF) Overvalued in 2026?

Based on GuruFocus' analysis, Schindler Holding AG stock appears to be overvalued. The current stock price of $330.50 is trading 1.3% above its estimated GF Value™ of $326.29. GuruFocus considers Schindler Holding AG to be Fairly Valued.

Key valuation signals for SHLAF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $326.29 vs. price of $330.50 (1.3% above fair value)
  • GF Score™: 78/100 with 1 warning sign

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


Schindler Holding AG Business Description

Address Seestrasse 55, Hergiswil, CHE, 6052
Switzerland-based Schindler is a top-four global supplier of elevators and escalators. The business generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing existing installations. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. Ninety percent of its business is in elevators, which are more numerous globally than escalators. Its business model is similar to that of closest competitors Otis, Kone, and TK Elevator.
78GF Score

Get the complete analysis for SHLAF

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

$330.50
Price
$326.29
GF Value