Ernst Russ AG (STU:ERAG) Cyclically Adjusted PB Ratio: 2.55 (As of Aug. 31, 2026) — Near Median

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STU:ERAG Ernst Russ AG STU:ERAG
82 GF Score
Price €8.36
GF Value €4.79
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ernst Russ AG Cyclically Adjusted PB Ratio?

Ernst Russ AG STU:ERAG -1.42% 82 Cyclically Adjusted PB Ratio is 2.55 as of Aug. 31, 2026, which is 2% below its 10-year median of 2.60. GuruFocus rates STU:ERAG with a GF Score™ of 82/100 and a GF Value™ of €4.79 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 699 Transportation companies, Ernst Russ AG ranks worse than 78.68% on this metric.

As of today (2026-08-31), Ernst Russ AG's current share price is €8.36. Ernst Russ AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €3.28. Ernst Russ AG's Cyclically Adjusted PB Ratio for today is 2.55.

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

STU:ERAG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.88   Med: 2.6   Max: 4.31
Current: 2.56

During the past years, Ernst Russ AG's highest Cyclically Adjusted PB Ratio was 4.31. The lowest was 1.88. And the median was 2.60.

STU:ERAG's Cyclically Adjusted PB Ratio is ranked worse than
78.68% of 699 companies
in the Transportation industry
Industry Median: 1.28 vs STU:ERAG: 2.56

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.

Ernst Russ AG's adjusted book value per share data for the three months ended in Jun. 2026 was €7.721. 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 €3.28 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ernst Russ AG  (STU:ERAG) 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.


Ernst Russ AG Cyclically Adjusted PB Ratio Related Terms


Ernst Russ AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ernst Russ AG'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.

Ernst Russ AG Cyclically Adjusted PB Ratio Chart

Ernst Russ AG 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 3.89 2.54 1.95 2.43 2.42

Ernst Russ AG 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 2.82 2.38 2.42 2.35 2.39

Ernst Russ AG Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Ernst Russ AG'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.


Ernst Russ AG Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


STU:ERAG
82GF Score
Ernst Russ AG STU:ERAG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ernst Russ AG 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.

Ernst Russ AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.36/3.28
=2.55

* 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.

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

For example, Ernst Russ AG'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)
=7.721/131.3638*131.3638
=7.721

Current CPI (Jun. 2026) = 131.3638.

Ernst Russ AG Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.446 98.516 0.595
201312 0.520 99.356 0.688
201406 0.411 99.543 0.542
201412 0.524 99.543 0.692
201506 0.549 100.417 0.718
201512 0.771 99.717 1.016
201606 0.924 100.717 1.205
201612 1.110 101.217 1.441
201706 1.201 102.117 1.545
201712 1.272 102.617 1.628
201806 1.332 104.017 1.682
201812 1.453 104.217 1.831
201906 1.436 105.718 1.784
201909 0.000 106.018 0.000
201912 1.504 105.818 1.867
202006 1.554 106.618 1.915
202009 1.651 105.818 2.050
202012 1.681 105.518 2.093
202103 0.000 107.518 0.000
202106 1.790 108.486 2.167
202109 1.987 109.435 2.385
202112 2.110 110.384 2.511
202203 2.457 113.968 2.832
202206 2.852 115.760 3.236
202209 3.415 118.818 3.776
202212 3.451 119.345 3.799
202303 3.849 122.402 4.131
202306 3.794 123.140 4.047
202309 4.408 124.195 4.662
202312 4.856 123.773 5.154
202403 5.255 125.038 5.521
202406 4.822 125.882 5.032
202409 5.107 126.198 5.316
202412 5.368 127.041 5.551
202503 5.900 127.779 6.066
202506 6.200 128.412 6.343
202509 6.785 129.255 6.896
202512 7.369 129.361 7.483
202603 7.695 131.258 7.701
202606 7.721 131.364 7.721

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 2.55 mean?
Ernst Russ AG (STU:ERAG) has a Cyclically Adjusted PB Ratio of 2.55 as of Aug. 31, 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 Ernst Russ AG and its competitors. This is near median its historical median of 2.60. Over the past decade, Ernst Russ AG's Cyclically Adjusted PB Ratio has ranged from 1.88 to 4.31. According to the industry distribution chart, Ernst Russ AG ranks #550 out of 699 companies in the Transportation industry, placing it in the top 78.7%.
Is Ernst Russ AG's Cyclically Adjusted PB Ratio too high?
Ernst Russ AG's current Cyclically Adjusted PB Ratio of 2.55 is near median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 4.31. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. Ernst Russ AG's value of 2.55 is 99.2% above this industry median. Based on the distribution chart, Ernst Russ AG ranks #550 out of 699 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Ernst Russ AG has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ernst Russ AG's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Ernst Russ AG ranks #550 out of 699 companies for Cyclically Adjusted PB Ratio. This places Ernst Russ AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Ernst Russ AG's value of 2.55 is 99.2% above this benchmark. Historically, Ernst Russ AG's own Cyclically Adjusted PB Ratio has ranged from 1.88 to 4.31 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 1.28, Ernst Russ AG 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.28, based on 699 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. Ernst Russ AG's current Cyclically Adjusted PB Ratio of 2.55 is 99.2% 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 Ernst Russ AG and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ernst Russ AG's current Cyclically Adjusted PB Ratio is 2.55, which is near median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ernst Russ AG stock overvalued right now?
Based on GuruFocus' analysis, Ernst Russ AG (STU:ERAG) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.79, compared to a current price of €8.36 — trading 74.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.55, which is near median its 10-year median of 2.60 and 99.2% above the Transportation industry median of 1.28. Ernst Russ AG's overall GF Score™ is 82/100 with 6 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 Ernst Russ AG (STU:ERAG), the current Cyclically Adjusted PB Ratio is 2.55 as of Aug. 31, 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 Ernst Russ AG (STU:ERAG) Overvalued in 2026?

Based on GuruFocus' analysis, Ernst Russ AG stock appears to be overvalued. The current stock price of €8.36 is trading 74.5% above its estimated GF Value™ of €4.79. GuruFocus considers Ernst Russ AG to be Significantly Overvalued.

Key valuation signals for STU:ERAG:

  • Cyclically Adjusted PB Ratio: 2.55 (near median its 10-year median of 2.60)
  • GF Value™: €4.79 vs. price of €8.36 (74.5% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 99.2% above the Transportation median (#550 of 699)

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


Ernst Russ AG Business Description

Other Exchanges ERAG:Germany
Address Elbchaussee 370, Hamburg, DEU, 22609
Ernst Russ AG is a principal investment firm specializing in fund-of-fund investments. It operates in the Shipping and Alternative Investment segment. Within the Shipping segment, it focuses on structuring and asset management of investment vehicles for ships on its behalf and behalf of third parties. The Asset Classes, life insurance, secondary market, and aircraft are managed in the Alternative Investments segment. The firm's majority of revenue comes from Germany through the shipping segment.
82GF Score

Get the complete analysis for STU:ERAG

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

€8.36
Price
€4.79
GF Value