Capital (STU:C8D) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:C8D Capital Ltd STU:C8D
71 GF Score
Price €1.31
GF Value €1.09
! 5 Warning Signs
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What is Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital  (STU:C8D) 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.


Capital Cyclically Adjusted PB Ratio Related Terms


Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Capital'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.

Capital Cyclically Adjusted PB Ratio Chart

Capital 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 1.52 1.43 1.17 1.03 1.24

Capital Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 1.34 1.05 1.01 1.28 1.12

Capital Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Capital'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.


Capital Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:C8D
71GF Score
Capital Ltd STU:C8D
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Capital 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.

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

For example, Capital'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)
=1.469/139.9000*139.9000
=1.469

Current CPI (Dec25) = 139.9000.

Capital Annual Data

Book Value per Share CPI Adj_Book
201612 0.469 102.200 0.642
201712 0.431 105.000 0.574
201812 0.498 107.100 0.651
201912 0.569 108.500 0.734
202012 0.641 109.400 0.820
202112 1.032 114.700 1.259
202212 1.173 125.300 1.310
202312 1.277 130.500 1.369
202412 1.386 135.100 1.435
202512 1.469 139.900 1.469

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 Capital (STU:C8D) Overvalued in 2026?

Based on GuruFocus' analysis, Capital stock appears to be overvalued. The current stock price of €1.31 is trading 20.2% above its estimated GF Value™ of €1.09.

Key valuation signals for STU:C8D:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.09 vs. price of €1.31 (20.2% above fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the STU:C8D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Capital Business Description

Other Exchanges CAPFF:USACAPDl:UKCAPD:UK
Address 10/11 Park Place, Ground Floor, London, GBR, SW1A 1LP
Capital Ltd is a drilling services contractor. The company is engaged in providing exploration, grade control, technical, blast hole, and other drilling services and solutions to mining and exploration companies from the exploration phase of the mining cycle through to production. It operates through two geographical segments namely, Africa and the Rest of the world. Africa segment provides drilling services and the Rest of the world provides drilling services and related logistics, equipment rentals, and information technology support services. The company derives the majority of revenue from the African region.
71GF Score

Get the complete analysis for STU:C8D

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

€1.31
Price
€1.09
GF Value