Matas AS (STU:1MTA) Cyclically Adjusted PB Ratio: 0.99 (As of Aug. 23, 2026) — 29% Below Median

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STU:1MTA Matas AS STU:1MTA
72 GF Score
Price €11.96
GF Value €19.58
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Matas AS Cyclically Adjusted PB Ratio?

Matas AS STU:1MTA +1.70% 72 Cyclically Adjusted PB Ratio is 0.99 as of Aug. 23, 2026, which is 29% below its 10-year median of 1.39. GuruFocus rates STU:1MTA with a GF Score™ of 72/100 and a GF Value™ of €19.58 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 780 Retail - Cyclical companies, Matas AS ranks better than 57.31% on this metric.

As of today (2026-08-23), Matas AS's current share price is €11.96. Matas AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €12.03. Matas AS's Cyclically Adjusted PB Ratio for today is 0.99.

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

STU:1MTA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.39   Max: 2.01
Current: 1

During the past years, Matas AS's highest Cyclically Adjusted PB Ratio was 2.01. The lowest was 0.87. And the median was 1.39.

STU:1MTA's Cyclically Adjusted PB Ratio is ranked better than
57.31% of 780 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs STU:1MTA: 1.00

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.

Matas AS's adjusted book value per share data for the three months ended in Jun. 2026 was €13.108. 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 €12.03 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Matas AS  (STU:1MTA) 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.


Matas AS Cyclically Adjusted PB Ratio Related Terms


Matas AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Matas 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.

Matas AS Cyclically Adjusted PB Ratio Chart

Matas AS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.32 1.05 1.42 1.54 1.19

Matas 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 1.54 1.49 1.43 1.19 0.98

STU:1MTA vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Matas 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.


Matas AS Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Matas AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:1MTA
72GF Score
Matas AS STU:1MTA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matas 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.96/12.03
=0.99

* 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.

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

For example, Matas 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)
=13.108/122.9700*122.9700
=13.108

Current CPI (Jun. 2026) = 122.9700.

Matas AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.626 100.200 10.586
201612 9.040 100.300 11.083
201703 9.189 101.200 11.166
201706 8.609 101.200 10.461
201709 8.755 101.800 10.576
201712 9.241 101.300 11.218
201803 9.350 101.700 11.306
201806 8.759 102.300 10.529
201809 8.883 102.400 10.667
201812 9.299 102.100 11.200
201903 9.414 102.900 11.250
201906 9.155 102.900 10.941
201909 9.261 102.900 11.067
201912 9.675 102.900 11.562
202003 9.683 103.300 11.527
202006 9.855 103.200 11.743
202009 10.063 103.500 11.956
202012 10.610 103.400 12.618
202103 10.675 104.300 12.586
202106 10.513 105.000 12.312
202109 10.627 105.800 12.352
202112 11.094 106.600 12.798
202203 11.252 109.900 12.590
202206 11.145 113.600 12.064
202209 11.318 116.400 11.957
202212 11.852 115.900 12.575
202303 11.907 117.300 12.483
202306 11.758 116.400 12.422
202309 11.833 117.400 12.394
202312 12.481 116.700 13.152
202403 12.244 118.400 12.717
202406 12.144 118.500 12.602
202409 12.293 118.900 12.714
202412 12.977 118.900 13.421
202503 13.116 120.200 13.418
202506 12.928 120.700 13.171
202509 13.004 121.600 13.151
202512 13.613 121.200 13.812
202603 13.509 121.680 13.652
202606 13.108 122.970 13.108

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 0.99 mean?
Matas AS (STU:1MTA) has a Cyclically Adjusted PB Ratio of 0.99 as of Aug. 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 Matas AS and its competitors. This is 29% below median its historical median of 1.39. Over the past decade, Matas AS's Cyclically Adjusted PB Ratio has ranged from 0.87 to 2.01. According to the industry distribution chart, Matas AS ranks #333 out of 780 companies in the Retail - Cyclical industry, placing it in the top 42.7%.
Is Matas AS's Cyclically Adjusted PB Ratio too high?
Matas AS's current Cyclically Adjusted PB Ratio of 0.99 is 29% below median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 2.01. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. Matas AS's value of 0.99 is 18.2% below this industry median. Based on the distribution chart, Matas AS ranks #333 out of 780 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Matas AS has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Matas AS's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Matas AS ranks #333 out of 780 companies for Cyclically Adjusted PB Ratio. This puts Matas AS in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Matas AS's value of 0.99 is 18.2% below this benchmark. Historically, Matas AS's own Cyclically Adjusted PB Ratio has ranged from 0.87 to 2.01 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 1.21, Matas 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 780 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. Matas AS's current Cyclically Adjusted PB Ratio of 0.99 is 18.2% 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 Matas AS and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matas AS's current Cyclically Adjusted PB Ratio is 0.99, which is 29% below median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matas AS stock overvalued right now?
Based on GuruFocus' analysis, Matas AS (STU:1MTA) is currently considered Significantly Undervalued. The stock's GF Value™ is €19.58, compared to a current price of €11.96 — trading 38.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.99, which is 29% below median its 10-year median of 1.39 and 18.2% below the Retail - Cyclical industry median of 1.21. Matas AS's overall GF Score™ is 72/100 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 Matas AS (STU:1MTA), the current Cyclically Adjusted PB Ratio is 0.99 as of Aug. 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 Matas AS (STU:1MTA) Overvalued in 2026?

Based on GuruFocus' analysis, Matas AS stock appears to be undervalued. The current stock price of €11.96 is trading 38.9% below its estimated GF Value™ of €19.58. GuruFocus considers Matas AS to be Significantly Undervalued.

Key valuation signals for STU:1MTA:

  • Cyclically Adjusted PB Ratio: 0.99 (29% below median its 10-year median of 1.39)
  • GF Value™: €19.58 vs. price of €11.96 (38.9% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 18.2% below the Retail - Cyclical median (#333 of 780)

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


Matas AS Business Description

Address Rormosevej 1, Allerod, DNK, DK-3450
Matas AS is beauty and wellbeing brands. It has three segments Matas, KICKS and Other. It generates majority of revenue from Matas segment. Its product groups are High-end Beauty: Luxury beauty products, including cosmetics, skincare and haircare products and fragrances; Mass Beauty: Everyday beauty products and personal care, including cosmetics and skincare and haircare products; Health and Wellbeing: MediCare Vitamins, minerals, health supplements, specialty foods and herbal medicinal products. Sports, nutrition and exercise. Baby and parent. Sexual wellness, Personal care products and special skincare; Other: Clothing and accessories. It generates majority of revenue from Denmark followed by Sweden, Norway, and Other countries.
72GF Score

Get the complete analysis for STU:1MTA

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

€11.96
Price
€19.58
GF Value