Munters Group AB (STU:1MS) Cyclically Adjusted PB Ratio: 6.56 (As of Jul. 26, 2026) — Near Median

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STU:1MS Munters Group AB STU:1MS
89 GF Score
Price €16.14
GF Value €15.96
Valuation Fairly Valued
! 5 Warning Signs
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What is Munters Group AB Cyclically Adjusted PB Ratio?

Munters Group AB STU:1MS -0.03% 89 Cyclically Adjusted PB Ratio is 6.56 as of Jul. 26, 2026, which is 6% above its 10-year median of 6.21. GuruFocus rates STU:1MS with a GF Score™ of 89/100 and a GF Value™ of €15.96 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,278 Industrial Products companies, Munters Group AB ranks worse than 85.29% on this metric.

As of today (2026-07-26), Munters Group AB's current share price is €16.14. Munters Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €2.46. Munters Group AB's Cyclically Adjusted PB Ratio for today is 6.56.

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

STU:1MS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.26   Med: 6.21   Max: 7.78
Current: 6.6

During the past years, Munters Group AB's highest Cyclically Adjusted PB Ratio was 7.78. The lowest was 4.26. And the median was 6.21.

STU:1MS's Cyclically Adjusted PB Ratio is ranked worse than
85.29% of 2278 companies
in the Industrial Products industry
Industry Median: 2.11 vs STU:1MS: 6.60

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.

Munters Group AB's adjusted book value per share data for the three months ended in Jun. 2026 was €2.629. 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 €2.46 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Munters Group AB  (STU:1MS) 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.


Munters Group AB Cyclically Adjusted PB Ratio Related Terms


Munters Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Munters Group AB'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.

Munters Group AB Cyclically Adjusted PB Ratio Chart

Munters Group AB 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 6.37

Munters Group AB 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 5.36 4.24 6.37 6.13 6.33

STU:1MS vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Munters Group AB'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.


Munters Group AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


STU:1MS
89GF Score
Munters Group AB STU:1MS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munters Group AB 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.

Munters Group AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.14/2.46
=6.56

* 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.

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

For example, Munters Group AB'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)
=2.629/134.1100*134.1100
=2.629

Current CPI (Jun. 2026) = 134.1100.

Munters Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 101.138 0.000
201612 0.424 102.022 0.557
201703 0.402 102.022 0.528
201706 2.006 102.752 2.618
201709 2.014 103.279 2.615
201712 2.055 103.793 2.655
201803 2.090 103.962 2.696
201806 2.167 104.875 2.771
201809 2.109 105.679 2.676
201812 1.988 105.912 2.517
201903 1.987 105.886 2.517
201906 2.012 106.742 2.528
201909 1.943 107.214 2.430
201912 1.905 107.766 2.371
202003 1.976 106.563 2.487
202006 1.950 107.498 2.433
202009 1.982 107.635 2.470
202012 2.024 108.296 2.506
202103 2.212 108.360 2.738
202106 2.182 108.928 2.686
202109 2.280 110.338 2.771
202112 2.338 112.486 2.787
202203 2.371 114.825 2.769
202206 2.542 118.384 2.880
202209 2.756 122.296 3.022
202212 2.649 126.365 2.811
202303 2.705 127.042 2.855
202306 2.739 129.407 2.839
202309 2.768 130.224 2.851
202312 2.575 131.912 2.618
202403 2.643 132.205 2.681
202406 2.708 132.716 2.736
202409 2.607 132.304 2.643
202412 2.807 132.987 2.831
202503 2.721 132.825 2.747
202506 2.488 133.699 2.496
202509 2.524 133.480 2.536
202512 2.446 133.390 2.459
202603 2.626 133.560 2.637
202606 2.629 134.110 2.629

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 6.56 mean?
Munters Group AB (STU:1MS) has a Cyclically Adjusted PB Ratio of 6.56 as of Jul. 26, 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 Munters Group AB and its competitors. This is near median its historical median of 6.21. Over the past decade, Munters Group AB's Cyclically Adjusted PB Ratio has ranged from 4.26 to 7.78. According to the industry distribution chart, Munters Group AB ranks #1943 out of 2278 companies in the Industrial Products industry, placing it in the top 85.3%.
Is Munters Group AB's Cyclically Adjusted PB Ratio too high?
Munters Group AB's current Cyclically Adjusted PB Ratio of 6.56 is near median its 10-year median of 6.21. Over the past 10 years, this metric has ranged from a low of 4.26 to a high of 7.78. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. Munters Group AB's value of 6.56 is 210.9% above this industry median. Based on the distribution chart, Munters Group AB ranks #1943 out of 2278 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Munters Group AB has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Munters Group AB's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Munters Group AB ranks #1943 out of 2278 companies for Cyclically Adjusted PB Ratio. This places Munters Group AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.11. Munters Group AB's value of 6.56 is 210.9% above this benchmark. Historically, Munters Group AB's own Cyclically Adjusted PB Ratio has ranged from 4.26 to 7.78 over the past decade. While the company's 10-year median is 6.21 vs. the industry median of 2.11, Munters Group AB 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 2.11, based on 2,278 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. Munters Group AB's current Cyclically Adjusted PB Ratio of 6.56 is 210.9% 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 Munters Group AB and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munters Group AB's current Cyclically Adjusted PB Ratio is 6.56, which is near median its own 10-year median of 6.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munters Group AB stock overvalued right now?
Based on GuruFocus' analysis, Munters Group AB (STU:1MS) is currently considered Fairly Valued. The stock's GF Value™ is €15.96, compared to a current price of €16.14 — trading 1.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.56, which is near median its 10-year median of 6.21 and 210.9% above the Industrial Products industry median of 2.11. Munters Group AB's overall GF Score™ is 89/100 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 Munters Group AB (STU:1MS), the current Cyclically Adjusted PB Ratio is 6.56 as of Jul. 26, 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 Munters Group AB (STU:1MS) Overvalued in 2026?

Based on GuruFocus' analysis, Munters Group AB stock appears to be overvalued. The current stock price of €16.14 is trading 1.1% above its estimated GF Value™ of €15.96. GuruFocus considers Munters Group AB to be Fairly Valued.

Key valuation signals for STU:1MS:

  • Cyclically Adjusted PB Ratio: 6.56 (near median its 10-year median of 6.21)
  • GF Value™: €15.96 vs. price of €16.14 (1.1% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 210.9% above the Industrial Products median (#1943 of 2278)

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


Munters Group AB Business Description

Address Borgarfjordsgatan 16, Box 1188, Kista, SWE, SE-164 40
Munters Group AB is a provider of energy-efficient air treatment and climate control solutions predominantly within the food, pharmaceutical and data center and other sectors. The company operates in segments, which are: AirTech, Data Center Technologies, and FoodTech. The majority of the revenue is generated from its AirTech segment, which manufactures and markets products and solutions for controlling humidity and improving the indoor climate. Geographically, a majority of its revenue is generated from the United States and the rest from China, Germany, the United Kingdom, Canada, Sweden, Australia, France, Denmark, Poland, Mexico, and other markets.
89GF Score

Get the complete analysis for STU:1MS

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

€16.14
Price
€15.96
GF Value