Matson (STU:68M) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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:68M Matson Inc STU:68M
84 GF Score
Price €185.00
GF Value €120.19
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Matson Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Matson  (STU:68M) 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.


Matson Cyclically Adjusted PB Ratio Related Terms


Matson Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Matson'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.

Matson Cyclically Adjusted PB Ratio Chart

Matson 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 5.58 2.92 3.93 3.85 2.86

Matson 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 2.83 2.38 2.86 3.57 0.00

STU:68M vs KEX, SBLK, ZIM: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Matson'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.


Matson Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Matson's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:68M
84GF Score
Matson Inc STU:68M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Matson 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.

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

For example, Matson'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)
=80.495/333.9520*333.9520
=80.495

Current CPI (Jun. 2026) = 333.9520.

Matson Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.551 241.428 13.211
201612 10.936 241.432 15.127
201703 10.108 243.801 13.846
201706 9.821 244.955 13.389
201709 10.250 246.819 13.868
201712 13.464 246.524 18.239
201803 12.975 249.554 17.363
201806 14.024 251.989 18.586
201809 14.925 252.439 19.744
201812 15.548 251.233 20.667
201903 15.767 254.202 20.714
201906 15.802 256.143 20.602
201909 16.897 256.759 21.977
201912 16.903 256.974 21.966
202003 16.825 258.115 21.768
202006 16.811 257.797 21.777
202009 17.576 260.280 22.551
202012 18.289 260.474 23.448
202103 19.898 264.877 25.087
202106 22.398 271.696 27.530
202109 27.195 274.310 33.108
202112 35.991 278.802 43.110
202203 42.794 287.504 49.708
202206 51.779 296.311 58.357
202209 61.449 296.808 69.139
202212 59.732 296.797 67.210
202303 59.137 301.836 65.429
202306 59.896 305.109 65.558
202309 64.111 307.789 69.561
202312 63.995 306.746 69.671
202403 63.916 312.332 68.340
202406 66.357 314.175 70.534
202409 69.364 315.301 73.467
202412 76.747 315.605 81.209
202503 74.612 319.799 77.914
202506 71.402 322.561 73.924
202509 73.486 324.800 75.557
202512 77.506 324.054 79.873
202603 78.034 330.213 78.918
202606 80.495 333.952 80.495

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 Matson (STU:68M) Overvalued in 2026?

Based on GuruFocus' analysis, Matson stock appears to be overvalued. The current stock price of €185.00 is trading 53.9% above its estimated GF Value™ of €120.19. GuruFocus considers Matson to be Significantly Overvalued.

Key valuation signals for STU:68M:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €120.19 vs. price of €185.00 (53.9% above fair value)
  • GF Score™: 84/100 with 9 warning signs

No single metric tells the full story. See the STU:68M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matson Business Description

Other Exchanges MATX:USA
Address 1411 Sand Island Parkway, Honolulu, HI, USA, 96819
Matson Inc is engaged in providing ocean transportation and logistics services. The company has two reportable business segments: Ocean Transportation and Logistics. The Ocean Transportation segment provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific. The Logistics segment offers long-haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from the Ocean Transportation segment.
84GF Score

Get the complete analysis for STU:68M

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

€185.00
Price
€120.19
GF Value