SHLRF (Schindler Holding AG) Cyclically Adjusted PB Ratio: 6.21 (As of Jul. 23, 2026) — 25% Below Median

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.

SHLRF Schindler Holding AG SHLRF
74 GF Score
Price $288.41
GF Value $295.90
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Schindler Holding AG Cyclically Adjusted PB Ratio?

Schindler Holding AG SHLRF 74 Cyclically Adjusted PB Ratio is 6.21 as of Jul. 23, 2026, which is 25% below its 10-year median of 8.31. GuruFocus rates SHLRF with a GF Score™ of 74/100 and a GF Value™ of $295.90 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,281 Industrial Products companies, Schindler Holding AG ranks worse than 84.17% on this metric.

As of today (2026-07-23), Schindler Holding AG's current share price is $288.405. Schindler Holding AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $46.47. Schindler Holding AG's Cyclically Adjusted PB Ratio for today is 6.21.

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

SHLRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.96   Med: 8.31   Max: 10.89
Current: 6.35

During the past years, Schindler Holding AG's highest Cyclically Adjusted PB Ratio was 10.89. The lowest was 4.96. And the median was 8.31.

SHLRF's Cyclically Adjusted PB Ratio is ranked worse than
84.17% of 2281 companies
in the Industrial Products industry
Industry Median: 2.12 vs SHLRF: 6.35

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.

Schindler Holding AG's adjusted book value per share data for the three months ended in Jun. 2026 was $54.078. 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 $46.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Schindler Holding AG  (OTCPK:SHLRF) 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 6.77

SHLRF 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.


SHLRF
74GF Score
Schindler Holding AG SHLRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=288.405/46.47
=6.21

* 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'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.

What does a Cyclically Adjusted PB Ratio of 6.21 mean?
Schindler Holding AG (SHLRF) has a Cyclically Adjusted PB Ratio of 6.21 as of Jul. 23, 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 Schindler Holding AG and its competitors. This is 25% below median its historical median of 8.31. Over the past decade, Schindler Holding AG's Cyclically Adjusted PB Ratio has ranged from 4.96 to 10.89. According to the industry distribution chart, Schindler Holding AG ranks #1920 out of 2281 companies in the Industrial Products industry, placing it in the top 84.2%.
Is Schindler Holding AG's Cyclically Adjusted PB Ratio too high?
Schindler Holding AG's current Cyclically Adjusted PB Ratio of 6.21 is 25% below median its 10-year median of 8.31. Over the past 10 years, this metric has ranged from a low of 4.96 to a high of 10.89. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Schindler Holding AG's value of 6.21 is 192.9% above this industry median. Based on the distribution chart, Schindler Holding AG ranks #1920 out of 2281 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Schindler Holding AG has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Schindler Holding AG's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Schindler Holding AG ranks #1920 out of 2281 companies for Cyclically Adjusted PB Ratio. This places Schindler Holding AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Schindler Holding AG's value of 6.21 is 192.9% above this benchmark. Historically, Schindler Holding AG's own Cyclically Adjusted PB Ratio has ranged from 4.96 to 10.89 over the past decade. While the company's 10-year median is 8.31 vs. the industry median of 2.12, Schindler Holding AG 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 2.12, based on 2,281 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. Schindler Holding AG's current Cyclically Adjusted PB Ratio of 6.21 is 192.9% 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 Schindler Holding AG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Schindler Holding AG's current Cyclically Adjusted PB Ratio is 6.21, which is 25% below median its own 10-year median of 8.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Schindler Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Schindler Holding AG (SHLRF) is currently considered Fairly Valued. The stock's GF Value™ is $295.90, compared to a current price of $288.41 — trading 2.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.21, which is 25% below median its 10-year median of 8.31 and 192.9% above the Industrial Products industry median of 2.12. Schindler Holding AG's overall GF Score™ is 74/100 with 1 warning sign 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 Schindler Holding AG (SHLRF), the current Cyclically Adjusted PB Ratio is 6.21 as of Jul. 23, 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 Schindler Holding AG (SHLRF) Overvalued in 2026?

Based on GuruFocus' analysis, Schindler Holding AG stock appears to be undervalued. The current stock price of $288.41 is trading 2.5% below its estimated GF Value™ of $295.90. GuruFocus considers Schindler Holding AG to be Fairly Valued.

Key valuation signals for SHLRF:

  • Cyclically Adjusted PB Ratio: 6.21 (25% below median its 10-year median of 8.31)
  • GF Value™: $295.90 vs. price of $288.41 (2.5% below fair value)
  • GF Score™: 74/100 with 1 warning sign
  • Industry Position: 192.9% above the Industrial Products median (#1920 of 2281)

No single metric tells the full story. See the SHLRF 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.
74GF Score

Get the complete analysis for SHLRF

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

$288.41
Price
$295.90
GF Value