CEWE Stiftung KGaA (STU:CWC) Cyclically Adjusted PB Ratio: 1.88 (As of Jun. 28, 2026) — 44% Below Median


STU:CWC CEWE Stiftung & Co KGaA STU:CWC
76 GF Score
Price €91.60
GF Value €138.22
Valuation Significantly Undervalued
! 3 Warning Signs
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What is CEWE Stiftung KGaA Cyclically Adjusted PB Ratio?

CEWE Stiftung KGaA STU:CWC +0.44% 76 Cyclically Adjusted PB Ratio is 1.88 as of Jun. 28, 2026, which is 44% below its 10-year median of 3.34. GuruFocus rates STU:CWC with a GF Score™ of 76/100 and a GF Value™ of €138.22 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 67 Personal Services companies, CEWE Stiftung KGaA ranks worse than 59.7% on this metric.

As of today (2026-06-28), CEWE Stiftung KGaA's current share price is €91.60. CEWE Stiftung KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €48.76. CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio for today is 1.88.

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

STU:CWC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.88   Med: 3.34   Max: 4.9
Current: 1.88

During the past years, CEWE Stiftung KGaA's highest Cyclically Adjusted PB Ratio was 4.90. The lowest was 1.88. And the median was 3.34.

STU:CWC's Cyclically Adjusted PB Ratio is ranked worse than
59.7% of 67 companies
in the Personal Services industry
Industry Median: 1.52 vs STU:CWC: 1.88

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.

CEWE Stiftung KGaA's adjusted book value per share data for the three months ended in Mar. 2026 was €66.610. 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 €48.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEWE Stiftung KGaA  (STU:CWC) 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.


CEWE Stiftung KGaA Cyclically Adjusted PB Ratio Related Terms


CEWE Stiftung KGaA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CEWE Stiftung KGaA'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.

CEWE Stiftung KGaA Cyclically Adjusted PB Ratio Chart

CEWE Stiftung KGaA 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 4.27 2.52 2.57 2.39 2.20

CEWE Stiftung KGaA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.32 2.17 2.16 2.20 1.92

STU:CWC vs ROL, SCI, HRB: Cyclically Adjusted PB Ratio Comparison

For the Personal Services subindustry, CEWE Stiftung KGaA'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.


CEWE Stiftung KGaA Cyclically Adjusted PB Ratio vs Personal Services Industry

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

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


STU:CWC
76GF Score
CEWE Stiftung & Co KGaA STU:CWC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CEWE Stiftung KGaA 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.

CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=91.60/48.76
=1.88

* 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.

CEWE Stiftung KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, CEWE Stiftung KGaA's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=66.61/131.2583*131.2583
=66.610

Current CPI (Mar. 2026) = 131.2583.

CEWE Stiftung KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201606 24.060 100.717 31.356
201609 24.816 101.017 32.245
201612 28.481 101.217 36.934
201703 28.815 101.417 37.294
201706 26.979 102.117 34.678
201709 27.361 102.717 34.964
201712 31.426 102.617 40.197
201803 32.374 102.917 41.289
201806 29.997 104.017 37.853
201809 30.394 104.718 38.097
201812 35.389 104.217 44.571
201903 35.480 104.217 44.686
201906 32.786 105.718 40.707
201909 32.922 106.018 40.760
201912 37.394 105.818 46.384
202003 36.523 105.718 45.347
202006 36.633 106.618 45.099
202009 36.438 105.818 45.198
202012 41.754 105.518 51.940
202103 42.632 107.518 52.045
202106 40.366 108.486 48.839
202109 39.901 109.435 47.858
202112 46.702 110.384 55.534
202203 44.835 113.968 51.637
202206 43.042 115.760 48.804
202209 43.716 118.818 48.293
202212 51.252 119.345 56.368
202303 51.664 122.402 55.402
202306 48.729 123.140 51.941
202309 48.782 124.195 51.557
202312 55.661 123.773 59.027
202403 55.833 125.038 58.610
202406 53.466 125.882 55.750
202409 53.167 126.198 55.299
202412 61.319 127.041 63.354
202503 61.366 127.779 63.037
202506 58.642 128.412 59.942
202509 58.299 129.255 59.202
202512 66.655 129.361 67.633
202603 66.610 131.258 66.610

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 1.88 mean?
CEWE Stiftung KGaA (STU:CWC) has a Cyclically Adjusted PB Ratio of 1.88 as of Jun. 28, 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 CEWE Stiftung KGaA and its competitors. This is 44% below median its historical median of 3.34. Over the past decade, CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio has ranged from 1.88 to 4.90. According to the industry distribution chart, CEWE Stiftung KGaA ranks #40 out of 67 companies in the Personal Services industry, placing it in the top 59.7%.
Is CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio too high?
CEWE Stiftung KGaA's current Cyclically Adjusted PB Ratio of 1.88 is 44% below median its 10-year median of 3.34. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 4.90. The Personal Services industry median Cyclically Adjusted PB Ratio is 1.52. CEWE Stiftung KGaA's value of 1.88 is 23.7% above this industry median. Based on the distribution chart, CEWE Stiftung KGaA ranks #40 out of 67 companies in the Personal Services industry, which is below the industry midpoint. Overall, CEWE Stiftung KGaA has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio compare to ROL and SCI?
According to the Personal Services industry distribution chart, CEWE Stiftung KGaA ranks #40 out of 67 companies for Cyclically Adjusted PB Ratio. This places CEWE Stiftung KGaA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. CEWE Stiftung KGaA's value of 1.88 is 23.7% above this benchmark. Historically, CEWE Stiftung KGaA's own Cyclically Adjusted PB Ratio has ranged from 1.88 to 4.90 over the past decade. While the company's 10-year median is 3.34 vs. the industry median of 1.52, CEWE Stiftung KGaA 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 Personal Services company?
The median Cyclically Adjusted PB Ratio among Personal Services companies is 1.52, based on 67 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. CEWE Stiftung KGaA's current Cyclically Adjusted PB Ratio of 1.88 is 23.7% 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 CEWE Stiftung KGaA and its competitors. For the Personal Services industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEWE Stiftung KGaA's current Cyclically Adjusted PB Ratio is 1.88, which is 44% below median its own 10-year median of 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEWE Stiftung KGaA stock overvalued right now?
Based on GuruFocus' analysis, CEWE Stiftung KGaA (STU:CWC) is currently considered Significantly Undervalued. The stock's GF Value™ is €138.22, compared to a current price of €91.60 — trading 33.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.88, which is 44% below median its 10-year median of 3.34 and 23.7% above the Personal Services industry median of 1.52. CEWE Stiftung KGaA's overall GF Score™ is 76/100 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 CEWE Stiftung KGaA (STU:CWC), the current Cyclically Adjusted PB Ratio is 1.88 as of Jun. 28, 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 CEWE Stiftung KGaA (STU:CWC) Overvalued in 2026?

Based on GuruFocus' analysis, CEWE Stiftung KGaA stock appears to be undervalued. The current stock price of €91.60 is trading 33.7% below its estimated GF Value™ of €138.22. GuruFocus considers CEWE Stiftung KGaA to be Significantly Undervalued.

Key valuation signals for STU:CWC:

  • Cyclically Adjusted PB Ratio: 1.88 (44% below median its 10-year median of 3.34)
  • GF Value™: €138.22 vs. price of €91.60 (33.7% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 23.7% above the Personal Services median (#40 of 67)

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


CEWE Stiftung KGaA Business Description

Address Meerweg 30 - 32, Oldenburg, NI, DEU, 26133
CEWE Stiftung & Co KGaA is a German-based company which provides photo service, photo retail business, and commercial online printing. The company operates a business through three segments through photofinishing, retail, and commercial online printing. Its Photofinishing segment works on the printing of photos of analogue or digital origin. Retail unit trades photo hardware and photo products to end consumers using various brands such as Fotojoker, Fotolab and Japan Photo, among others. The Online Printing unit operates through online printing portals, such as www.cewe-print.de and others. The company derives it's majority of the revenue from photofinishing activity in Germany.
76GF Score

Get the complete analysis for STU:CWC

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

€91.60
Price
€138.22
GF Value