Cleanspark (STU:3UX) Cyclically Adjusted PB Ratio: 1.70 (As of Aug. 09, 2026) — 25% Below Median

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STU:3UX Cleanspark Inc STU:3UX
64 GF Score
Price €10.70
GF Value €11.63
Valuation Fairly Valued
! 5 Warning Signs
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What is Cleanspark Cyclically Adjusted PB Ratio?

Cleanspark STU:3UX -3.25% 64 Cyclically Adjusted PB Ratio is 1.70 as of Aug. 09, 2026, which is 25% below its 10-year median of 2.27. GuruFocus rates STU:3UX with a GF Score™ of 64/100 and a GF Value™ of €11.63 (Fairly Valued). The stock has 5 warning signs investors should review. Among 607 Capital Markets companies, Cleanspark ranks worse than 57.99% on this metric.

As of today (2026-08-09), Cleanspark's current share price is €10.70. Cleanspark's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €6.29. Cleanspark's Cyclically Adjusted PB Ratio for today is 1.70.

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

STU:3UX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 2.27   Max: 37.11
Current: 1.71

During the past years, Cleanspark's highest Cyclically Adjusted PB Ratio was 37.11. The lowest was 0.42. And the median was 2.27.

STU:3UX's Cyclically Adjusted PB Ratio is ranked worse than
57.99% of 607 companies
in the Capital Markets industry
Industry Median: 1.27 vs STU:3UX: 1.71

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.

Cleanspark's adjusted book value per share data for the three months ended in Jun. 2026 was €2.462. 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 €6.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cleanspark  (STU:3UX) 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.


Cleanspark Cyclically Adjusted PB Ratio Related Terms


Cleanspark Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cleanspark'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.

Cleanspark Cyclically Adjusted PB Ratio Chart

Cleanspark Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.57 0.71 0.74 1.59 2.15

Cleanspark 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 1.69 2.15 1.48 1.21 2.02

STU:3UX vs MIAX, MKTX, GLXY: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Cleanspark'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.


Cleanspark Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cleanspark's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:3UX
64GF Score
Cleanspark Inc STU:3UX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cleanspark 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.

Cleanspark's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.70/6.29
=1.70

* 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.

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

For example, Cleanspark'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)
=2.462/333.9520*333.9520
=2.462

Current CPI (Jun. 2026) = 333.9520.

Cleanspark Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.457 241.428 14.465
201612 9.367 241.432 12.957
201703 8.909 243.801 12.203
201706 8.093 244.955 11.033
201709 5.108 246.819 6.911
201712 4.891 246.524 6.626
201803 4.519 249.554 6.047
201806 0.084 251.989 0.111
201809 3.751 252.439 4.962
201812 4.386 251.233 5.830
201903 4.839 254.202 6.357
201906 5.951 256.143 7.759
201909 3.665 256.759 4.767
201912 3.254 256.974 4.229
202003 1.984 258.115 2.567
202006 1.011 257.797 1.310
202009 0.802 260.280 1.029
202012 2.460 260.474 3.154
202103 7.036 264.877 8.871
202106 6.741 271.696 8.286
202109 6.949 274.310 8.460
202112 8.409 278.802 10.072
202203 8.816 287.504 10.240
202206 8.632 296.311 9.729
202209 7.331 296.808 8.248
202212 5.619 296.797 6.322
202303 4.565 301.836 5.051
202306 4.228 305.109 4.628
202309 3.952 307.789 4.288
202312 4.006 306.746 4.361
202403 5.969 312.332 6.382
202406 5.531 314.175 5.879
202409 5.857 315.301 6.203
202412 6.875 315.605 7.275
202503 6.225 319.799 6.500
202506 6.623 322.561 6.857
202509 6.518 324.800 6.702
202512 4.616 324.054 4.757
202603 3.324 330.213 3.362
202606 2.462 333.952 2.462

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 1.70 mean?
Cleanspark (STU:3UX) has a Cyclically Adjusted PB Ratio of 1.70 as of Aug. 09, 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 Cleanspark and its competitors. This is 25% below median its historical median of 2.27. Over the past decade, Cleanspark's Cyclically Adjusted PB Ratio has ranged from 0.42 to 37.11. According to the industry distribution chart, Cleanspark ranks #352 out of 607 companies in the Capital Markets industry, placing it in the top 58%.
Is Cleanspark's Cyclically Adjusted PB Ratio too high?
Cleanspark's current Cyclically Adjusted PB Ratio of 1.70 is 25% below median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 37.11. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.27. Cleanspark's value of 1.70 is 33.9% above this industry median. Based on the distribution chart, Cleanspark ranks #352 out of 607 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Cleanspark has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cleanspark's Cyclically Adjusted PB Ratio compare to MIAX and MKTX?
According to the Capital Markets industry distribution chart, Cleanspark ranks #352 out of 607 companies for Cyclically Adjusted PB Ratio. This places Cleanspark in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Cleanspark's value of 1.70 is 33.9% above this benchmark. Historically, Cleanspark's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 37.11 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 1.27, Cleanspark 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 a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.27, based on 607 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. Cleanspark's current Cyclically Adjusted PB Ratio of 1.70 is 33.9% 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 Cleanspark and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleanspark's current Cyclically Adjusted PB Ratio is 1.70, which is 25% below median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanspark stock overvalued right now?
Based on GuruFocus' analysis, Cleanspark (STU:3UX) is currently considered Fairly Valued. The stock's GF Value™ is €11.63, compared to a current price of €10.70 — trading 8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.70, which is 25% below median its 10-year median of 2.27 and 33.9% above the Capital Markets industry median of 1.27. Cleanspark's overall GF Score™ is 64/100 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 Cleanspark (STU:3UX), the current Cyclically Adjusted PB Ratio is 1.70 as of Aug. 09, 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 Cleanspark (STU:3UX) Overvalued in 2026?

Based on GuruFocus' analysis, Cleanspark stock appears to be undervalued. The current stock price of €10.70 is trading 8% below its estimated GF Value™ of €11.63. GuruFocus considers Cleanspark to be Fairly Valued.

Key valuation signals for STU:3UX:

  • Cyclically Adjusted PB Ratio: 1.70 (25% below median its 10-year median of 2.27)
  • GF Value™: €11.63 vs. price of €10.70 (8% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 33.9% above the Capital Markets median (#352 of 607)

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


Cleanspark Business Description

Address 10624 South Eastern Avenue, Suite A - 638, Henderson, NV, USA, 89052
Cleanspark Inc. is a data center developer that, until recently, focused exclusively on bitcoin mining. The company provides scalable, energy-efficient digital infrastructure across the United States. The Company has a sole reporting segment, which is the bitcoin mining segment.
64GF Score

Get the complete analysis for STU:3UX

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

€10.70
Price
€11.63
GF Value