Baikowski (STU:3BK) Cyclically Adjusted PB Ratio: (As of Sep. 08, 2026)

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

STU:3BK Baikowski SA STU:3BK
54 GF Score
Price €23.50
GF Value €18.56
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Baikowski Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baikowski  (STU:3BK) 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.


Baikowski Cyclically Adjusted PB Ratio Related Terms


Baikowski Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Baikowski'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.

Baikowski Cyclically Adjusted PB Ratio Chart

Baikowski 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 2.07

Baikowski Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 2.07

STU:3BK vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Baikowski'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.


Baikowski Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Baikowski's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:3BK
54GF Score
Baikowski SA STU:3BK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baikowski 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.

Baikowski's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Baikowski's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=12.609/120.9000*120.9000
=12.609

Current CPI (Dec25) = 120.9000.

Baikowski Annual Data

Book Value per Share CPI Adj_Book
201612 9.354 100.650 11.236
201712 7.852 101.850 9.321
201812 8.127 103.470 9.496
201912 9.069 104.980 10.444
202012 9.116 104.960 10.500
202112 11.115 107.850 12.460
202212 12.037 114.160 12.748
202312 11.378 118.390 11.619
202412 12.475 119.950 12.574
202512 12.609 120.900 12.609

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 Baikowski (STU:3BK) Overvalued in 2026?

Based on GuruFocus' analysis, Baikowski stock appears to be overvalued. The current stock price of €23.50 is trading 26.6% above its estimated GF Value™ of €18.56. GuruFocus considers Baikowski to be Modestly Overvalued.

Key valuation signals for STU:3BK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €18.56 vs. price of €23.50 (26.6% above fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the STU:3BK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Baikowski Business Description

Other Exchanges ALBKK:France3BK:Germany
Address 1046 route de Chaumontet, Poisy, FRA, 74330
Baikowski SA is engaged in the production of high purity alumina powders and formulations as well as other fine oxides and composites such as spinel, ZTA, YAG and ceria for technical ceramics, precision polishing, crystals, additives and coatings applications. Geographically, it operates through France, the United States, and Japan.
54GF Score

Get the complete analysis for STU:3BK

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

€23.50
Price
€18.56
GF Value