LiqTech International (STU:39J0) Cyclically Adjusted PB Ratio: 0.15 (As of Aug. 31, 2026) — 56% Below Median

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STU:39J0 LiqTech International Inc STU:39J0
36 GF Score
Price €0.37
GF Value €0.75
! 4 Warning Signs
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What is LiqTech International Cyclically Adjusted PB Ratio?

LiqTech International STU:39J0 36 Cyclically Adjusted PB Ratio is 0.15 as of Aug. 31, 2026, which is 56% below its 10-year median of 0.34. GuruFocus rates STU:39J0 with a GF Score™ of 36/100 and a GF Value™ of €0.75. The stock has 4 warning signs investors should review. Among 2,104 Industrial Products companies, LiqTech International ranks better than 98.53% on this metric.

As of today (2026-08-31), LiqTech International's current share price is €0.374. LiqTech International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €2.50. LiqTech International's Cyclically Adjusted PB Ratio for today is 0.15.

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

STU:39J0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.34   Max: 7.61
Current: 0.1

During the past years, LiqTech International's highest Cyclically Adjusted PB Ratio was 7.61. The lowest was 0.10. And the median was 0.34.

STU:39J0's Cyclically Adjusted PB Ratio is ranked better than
98.53% of 2104 companies
in the Industrial Products industry
Industry Median: 2.15 vs STU:39J0: 0.10

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.

LiqTech International's adjusted book value per share data for the three months ended in Jun. 2026 was €0.683. 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 €2.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LiqTech International  (STU:39J0) 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.


LiqTech International Cyclically Adjusted PB Ratio Related Terms


LiqTech International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LiqTech International'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.

LiqTech International Cyclically Adjusted PB Ratio Chart

LiqTech International 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 3.53 0.25 0.33 0.22 0.22

LiqTech International 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 0.21 0.37 0.22 0.31 0.15

STU:39J0 vs TOMZ, CLWT, RAIN: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, LiqTech International'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.


LiqTech International Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


STU:39J0
36GF Score
LiqTech International Inc STU:39J0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LiqTech International 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.

LiqTech International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.374/2.50
=0.15

* 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.

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

For example, LiqTech International'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)
=0.683/122.9700*122.9700
=0.683

Current CPI (Jun. 2026) = 122.9700.

LiqTech International Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.227 100.200 16.233
201612 5.164 100.300 6.331
201703 4.411 101.200 5.360
201706 4.190 101.200 5.091
201709 3.153 101.800 3.809
201712 4.225 101.300 5.129
201803 3.285 101.700 3.972
201806 3.995 102.300 4.802
201809 3.631 102.400 4.360
201812 3.294 102.100 3.967
201903 3.335 102.900 3.985
201906 8.218 102.900 9.821
201909 8.288 102.900 9.905
201912 8.063 102.900 9.636
202003 8.086 103.300 9.626
202006 8.518 103.200 10.150
202009 8.457 103.500 10.048
202012 7.536 103.400 8.962
202103 6.551 104.300 7.724
202106 5.817 105.000 6.813
202109 5.014 105.800 5.828
202112 4.249 106.600 4.901
202203 3.011 109.900 3.369
202206 4.668 113.600 5.053
202209 4.427 116.400 4.677
202212 4.002 115.900 4.246
202303 3.546 117.300 3.717
202306 3.242 116.400 3.425
202309 3.154 117.400 3.304
202312 2.766 116.700 2.915
202403 2.303 118.400 2.392
202406 1.960 118.500 2.034
202409 1.760 118.900 1.820
202412 1.679 118.900 1.736
202503 1.450 120.200 1.483
202506 1.257 120.700 1.281
202509 1.133 121.600 1.146
202512 0.926 121.200 0.940
202603 0.663 121.680 0.670
202606 0.683 122.970 0.683

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 0.15 mean?
LiqTech International (STU:39J0) has a Cyclically Adjusted PB Ratio of 0.15 as of Aug. 31, 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 LiqTech International and its competitors. This is 56% below median its historical median of 0.34. Over the past decade, LiqTech International's Cyclically Adjusted PB Ratio has ranged from 0.10 to 7.61. According to the industry distribution chart, LiqTech International ranks #31 out of 2104 companies in the Industrial Products industry, placing it in the top 1.5%.
Is LiqTech International's Cyclically Adjusted PB Ratio too high?
LiqTech International's current Cyclically Adjusted PB Ratio of 0.15 is 56% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 7.61. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.15. LiqTech International's value of 0.15 is 93% below this industry median. Based on the distribution chart, LiqTech International ranks #31 out of 2104 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, LiqTech International has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does LiqTech International's Cyclically Adjusted PB Ratio compare to TOMZ and CLWT?
According to the Industrial Products industry distribution chart, LiqTech International ranks #31 out of 2104 companies for Cyclically Adjusted PB Ratio. This places LiqTech International in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.15. LiqTech International's value of 0.15 is 93% below this benchmark. Historically, LiqTech International's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 7.61 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 2.15, LiqTech International 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.15, based on 2,104 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. LiqTech International's current Cyclically Adjusted PB Ratio of 0.15 is 93% 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 LiqTech International and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LiqTech International's current Cyclically Adjusted PB Ratio is 0.15, which is 56% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LiqTech International stock overvalued right now?
LiqTech International (STU:39J0) has a current Cyclically Adjusted PB Ratio of 0.15. The stock's GF Value™ is €0.75, compared to a current price of €0.37 — trading 50.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.15, which is 56% below median its 10-year median of 0.34 and 93% below the Industrial Products industry median of 2.15. LiqTech International's overall GF Score™ is 36/100 with 4 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 LiqTech International (STU:39J0), the current Cyclically Adjusted PB Ratio is 0.15 as of Aug. 31, 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 LiqTech International (STU:39J0) Overvalued in 2026?

Based on GuruFocus' analysis, LiqTech International stock appears to be undervalued. The current stock price of €0.37 is trading 50.1% below its estimated GF Value™ of €0.75.

Key valuation signals for STU:39J0:

  • Cyclically Adjusted PB Ratio: 0.15 (56% below median its 10-year median of 0.34)
  • GF Value™: €0.75 vs. price of €0.37 (50.1% below fair value)
  • GF Score™: 36/100 with 4 warning signs
  • Industry Position: 93% below the Industrial Products median (#31 of 2104)

No single metric tells the full story. See the STU:39J0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LiqTech International Business Description

Other Exchanges LIQT:USA
Address Industriparken 22C, Ballerup, DNK, DK 2750
LiqTech International Inc is a clean technology company which provides technology for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company is renowned in three business areas: ceramic membranes and membrane incorporated liquid filtration systems, ceramic diesel particulate filters (DPFs) to control soot exhaust particles and black carbon emission from diesel engines, and plastic components for usage across various industries. The company's product portfolio consists of ceramic silicon membranes for liquid filtration, diesel particulate filters, Hybrid Technology Membranes and others. The Company operates through three reportable segments: Systems and Aftermarket, Filters and Membranes, and Components.
36GF Score

Get the complete analysis for STU:39J0

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

€0.37
Price
€0.75
GF Value