Graham (STU:781) Cyclically Adjusted PB Ratio: 8.30 (As of Aug. 07, 2026) — 309% Above Median

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STU:781 Graham Corp STU:781
58 GF Score
Price €90.50
GF Value €35.76
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Graham Cyclically Adjusted PB Ratio?

Graham STU:781 +0.44% 58 Cyclically Adjusted PB Ratio is 8.30 as of Aug. 07, 2026, which is 309% above its 10-year median of 2.03. GuruFocus rates STU:781 with a GF Score™ of 58/100 and a GF Value™ of €35.76 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,252 Industrial Products companies, Graham ranks worse than 89.79% on this metric.

As of today (2026-08-07), Graham's current share price is €90.50. Graham's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €10.91. Graham's Cyclically Adjusted PB Ratio for today is 8.30.

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

STU:781' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 2.03   Max: 9.85
Current: 8.39

During the past years, Graham's highest Cyclically Adjusted PB Ratio was 9.85. The lowest was 0.55. And the median was 2.03.

STU:781's Cyclically Adjusted PB Ratio is ranked worse than
89.79% of 2252 companies
in the Industrial Products industry
Industry Median: 2.07 vs STU:781: 8.39

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.

Graham's adjusted book value per share data for the three months ended in Jun. 2026 was €14.225. 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 €10.91 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Graham  (STU:781) 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.


Graham Cyclically Adjusted PB Ratio Related Terms


Graham Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Graham'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.

Graham Cyclically Adjusted PB Ratio Chart

Graham 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 0.64 1.05 2.18 2.33 6.39

Graham 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 4.01 4.45 5.27 6.39 9.89

STU:781 vs BW, AMSC, TNC: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Graham'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.


Graham Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


STU:781
58GF Score
Graham Corp STU:781
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Graham 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=90.50/10.91
=8.30

* 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.

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

For example, Graham'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)
=14.225/333.9520*333.9520
=14.225

Current CPI (Jun. 2026) = 333.9520.

Graham Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.045 241.428 13.895
201612 10.810 241.432 14.953
201703 10.954 243.801 15.004
201706 10.408 244.955 14.189
201709 9.779 246.819 13.231
201712 8.818 246.524 11.945
201803 8.577 249.554 11.478
201806 9.057 251.989 12.003
201809 9.173 252.439 12.135
201812 9.370 251.233 12.455
201903 8.898 254.202 11.690
201906 8.772 256.143 11.437
201909 9.049 256.759 11.770
201912 8.927 256.974 11.601
202003 8.859 258.115 11.462
202006 8.388 257.797 10.866
202009 8.218 260.280 10.544
202012 8.020 260.474 10.282
202103 8.260 264.877 10.414
202106 8.012 271.696 9.848
202109 8.138 274.310 9.907
202112 8.114 278.802 9.719
202203 8.238 287.504 9.569
202206 8.660 296.311 9.760
202209 9.230 296.808 10.385
202212 8.709 296.797 9.799
202303 8.513 301.836 9.419
202306 8.622 305.109 9.437
202309 8.824 307.789 9.574
202312 8.787 306.746 9.566
202403 8.951 312.332 9.571
202406 9.245 314.175 9.827
202409 9.306 315.301 9.856
202412 10.035 315.605 10.618
202503 10.145 319.799 10.594
202506 9.746 322.561 10.090
202509 9.893 324.800 10.172
202512 10.206 324.054 10.518
202603 10.961 330.213 11.085
202606 14.225 333.952 14.225

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 8.30 mean?
Graham (STU:781) has a Cyclically Adjusted PB Ratio of 8.30 as of Aug. 07, 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 Graham and its competitors. This is 309% above median its historical median of 2.03. Over the past decade, Graham's Cyclically Adjusted PB Ratio has ranged from 0.55 to 9.85. According to the industry distribution chart, Graham ranks #2022 out of 2252 companies in the Industrial Products industry, placing it in the top 89.8%.
Is Graham's Cyclically Adjusted PB Ratio too high?
Graham's current Cyclically Adjusted PB Ratio of 8.30 is 309% above median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 9.85. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Graham's value of 8.30 is 301% above this industry median. Based on the distribution chart, Graham ranks #2022 out of 2252 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Graham has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Graham's Cyclically Adjusted PB Ratio compare to BW and AMSC?
According to the Industrial Products industry distribution chart, Graham ranks #2022 out of 2252 companies for Cyclically Adjusted PB Ratio. This places Graham in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Graham's value of 8.30 is 301% above this benchmark. Historically, Graham's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 9.85 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 2.07, Graham 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,252 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. Graham's current Cyclically Adjusted PB Ratio of 8.30 is 301% 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 Graham and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Graham's current Cyclically Adjusted PB Ratio is 8.30, which is 309% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Graham stock overvalued right now?
Based on GuruFocus' analysis, Graham (STU:781) is currently considered Significantly Overvalued. The stock's GF Value™ is €35.76, compared to a current price of €90.50 — trading 153.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.30, which is 309% above median its 10-year median of 2.03 and 301% above the Industrial Products industry median of 2.07. Graham's overall GF Score™ is 58/100 with 3 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 Graham (STU:781), the current Cyclically Adjusted PB Ratio is 8.30 as of Aug. 07, 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 Graham (STU:781) Overvalued in 2026?

Based on GuruFocus' analysis, Graham stock appears to be overvalued. The current stock price of €90.50 is trading 153.1% above its estimated GF Value™ of €35.76. GuruFocus considers Graham to be Significantly Overvalued.

Key valuation signals for STU:781:

  • Cyclically Adjusted PB Ratio: 8.30 (309% above median its 10-year median of 2.03)
  • GF Value™: €35.76 vs. price of €90.50 (153.1% above fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 301% above the Industrial Products median (#2022 of 2252)

No single metric tells the full story. See the STU:781 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Graham Business Description

Other Exchanges GHM:USA
Address 20 Florence Avenue, Batavia, NY, USA, 14020
Graham Corp designs and manufactures mission-critical fluid, power, heat transfer, vacuum, and mixing technologies for the Defense, Energy & Process, and Space industries. In Defense, its equipment is used in nuclear and non-nuclear propulsion, power, fluid transfer, thermal management, and mixing systems. In Energy & Process industries, it supplies equipment for vacuum, heat transfer, mixing, and fluid transfer applications used in oil refining, chemical facilities, fertilizers, ethylene, methanol, energetics, food & beverage, medical, and alternative energy applications such as hydrogen and geothermal processes. In the Space industry, its equipment is used in propulsion, power, thermal management, mixing, and life support systems. It operates in the United States and other countries.
58GF Score

Get the complete analysis for STU:781

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

€90.50
Price
€35.76
GF Value