Carriage Services (STU:C57) Cyclically Adjusted PB Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:C57 Carriage Services Inc STU:C57
27 GF Score
Price €31.00
GF Value €37.64
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Carriage Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Carriage Services  (STU:C57) 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.


Carriage Services Cyclically Adjusted PB Ratio Related Terms


Carriage Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Carriage Services'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.

Carriage Services Cyclically Adjusted PB Ratio Chart

Carriage Services 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 5.40 2.18 1.92 2.96 3.02

Carriage Services 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 3.31 3.19 3.02 3.18 2.63

STU:C57 vs MED, RGS, CLIK: Cyclically Adjusted PB Ratio Comparison

For the Personal Services subindustry, Carriage Services'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.


Carriage Services Cyclically Adjusted PB Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Carriage Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:C57
27GF Score
Carriage Services Inc STU:C57
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Carriage Services 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.

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

For example, Carriage Services'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)
=15.307/333.9520*333.9520
=15.307

Current CPI (Jun. 2026) = 333.9520.

Carriage Services Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.332 241.428 12.908
201612 10.011 241.432 13.847
201703 10.386 243.801 14.226
201706 10.000 244.955 13.633
201709 9.140 246.819 12.367
201712 10.374 246.524 14.053
201803 10.462 249.554 14.000
201806 10.725 251.989 14.213
201809 10.808 252.439 14.298
201812 10.769 251.233 14.315
201903 11.167 254.202 14.670
201906 11.157 256.143 14.546
201909 11.185 256.759 14.548
201912 11.420 256.974 14.841
202003 11.242 258.115 14.545
202006 11.314 257.797 14.656
202009 11.069 260.280 14.202
202012 10.986 260.474 14.085
202103 11.706 264.877 14.759
202106 10.843 271.696 13.328
202109 9.825 274.310 11.961
202112 7.389 278.802 8.851
202203 7.319 287.504 8.501
202206 7.907 296.311 8.911
202209 8.493 296.808 9.556
202212 8.443 296.797 9.500
202303 9.203 301.836 10.182
202306 9.636 305.109 10.547
202309 10.087 307.789 10.944
202312 10.580 306.746 11.518
202403 10.892 312.332 11.646
202406 11.456 314.175 12.177
202409 11.727 315.301 12.421
202412 13.057 315.605 13.816
202503 13.148 319.799 13.730
202506 13.000 322.561 13.459
202509 13.100 324.800 13.469
202512 13.814 324.054 14.236
202603 14.548 330.213 14.713
202606 15.307 333.952 15.307

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 Carriage Services (STU:C57) Overvalued in 2026?

Based on GuruFocus' analysis, Carriage Services stock appears to be undervalued. The current stock price of €31.00 is trading 17.6% below its estimated GF Value™ of €37.64. GuruFocus considers Carriage Services to be Modestly Undervalued.

Key valuation signals for STU:C57:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €37.64 vs. price of €31.00 (17.6% below fair value)
  • GF Score™: 27/100 with 4 warning signs

No single metric tells the full story. See the STU:C57 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carriage Services Business Description

Other Exchanges CSV:USA
Address 3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise. The company enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum spaces and niches, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
27GF Score

Get the complete analysis for STU:C57

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

€31.00
Price
€37.64
GF Value