Gesco SE (STU:GSC1) Cyclically Adjusted PB Ratio: 0.51 (As of Aug. 03, 2026) — 54% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:GSC1 Gesco SE STU:GSC1
77 GF Score
Price €13.20
GF Value €16.21
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Gesco SE Cyclically Adjusted PB Ratio?

Gesco SE STU:GSC1 +0.76% 77 Cyclically Adjusted PB Ratio is 0.51 as of Aug. 03, 2026, which is 54% below its 10-year median of 1.10. GuruFocus rates STU:GSC1 with a GF Score™ of 77/100 and a GF Value™ of €16.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,262 Industrial Products companies, Gesco SE ranks better than 88.59% on this metric.

As of today (2026-08-03), Gesco SE's current share price is €13.20. Gesco SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €25.65. Gesco SE's Cyclically Adjusted PB Ratio for today is 0.51.

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

STU:GSC1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 1.1   Max: 2.43
Current: 0.51

During the past years, Gesco SE's highest Cyclically Adjusted PB Ratio was 2.43. The lowest was 0.51. And the median was 1.10.

STU:GSC1's Cyclically Adjusted PB Ratio is ranked better than
88.59% of 2262 companies
in the Industrial Products industry
Industry Median: 2.075 vs STU:GSC1: 0.51

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.

Gesco SE's adjusted book value per share data for the three months ended in Mar. 2026 was €26.174. 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 €25.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gesco SE  (STU:GSC1) 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.


Gesco SE Cyclically Adjusted PB Ratio Related Terms


Gesco SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gesco SE'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.

Gesco SE Cyclically Adjusted PB Ratio Chart

Gesco SE Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.28 1.09 0.79 0.54 0.56

Gesco SE 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 0.65 0.69 0.61 0.56 0.53

STU:GSC1 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Gesco SE'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.


Gesco SE Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


STU:GSC1
77GF Score
Gesco SE STU:GSC1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gesco SE 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.

Gesco SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.20/25.65
=0.51

* 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.

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

For example, Gesco SE'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)
=26.174/131.2583*131.2583
=26.174

Current CPI (Mar. 2026) = 131.2583.

Gesco SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.226 100.717 23.753
201609 17.511 101.017 22.753
201612 17.969 101.217 23.302
201703 18.353 101.417 23.753
201706 18.861 102.117 24.243
201709 18.868 102.717 24.111
201712 19.362 102.617 24.766
201803 20.183 102.917 25.741
201806 19.974 104.017 25.205
201809 19.900 104.718 24.944
201812 20.557 104.217 25.891
201903 21.719 104.217 27.354
201906 21.639 105.718 26.867
201909 21.426 106.018 26.527
201912 21.761 105.818 26.993
202003 21.801 105.718 27.068
202006 19.881 106.618 24.476
202009 20.286 105.818 25.163
202012 19.895 105.518 24.748
202103 20.361 107.518 24.857
202106 20.722 108.486 25.072
202109 21.325 109.435 25.578
202112 22.444 110.384 26.688
202203 23.094 113.968 26.598
202206 24.018 115.760 27.234
202209 24.002 118.818 26.515
202212 24.412 119.345 26.849
202303 25.124 122.402 26.942
202306 24.459 123.140 26.071
202309 25.080 124.195 26.506
202312 25.094 123.773 26.612
202403 26.507 125.038 27.826
202406 25.263 125.882 26.342
202409 25.521 126.198 26.544
202412 25.162 127.041 25.997
202503 24.973 127.779 25.653
202506 25.065 128.412 25.621
202509 25.694 129.255 26.092
202512 25.895 129.361 26.275
202603 26.174 131.258 26.174

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 0.51 mean?
Gesco SE (STU:GSC1) has a Cyclically Adjusted PB Ratio of 0.51 as of Aug. 03, 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 Gesco SE and its competitors. This is 54% below median its historical median of 1.10. Over the past decade, Gesco SE's Cyclically Adjusted PB Ratio has ranged from 0.51 to 2.43. According to the industry distribution chart, Gesco SE ranks #258 out of 2262 companies in the Industrial Products industry, placing it in the top 11.4%.
Is Gesco SE's Cyclically Adjusted PB Ratio too high?
Gesco SE's current Cyclically Adjusted PB Ratio of 0.51 is 54% below median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 2.43. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. Gesco SE's value of 0.51 is 75.4% below this industry median. Based on the distribution chart, Gesco SE ranks #258 out of 2262 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Gesco SE has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gesco SE's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Gesco SE ranks #258 out of 2262 companies for Cyclically Adjusted PB Ratio. This places Gesco SE in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.08. Gesco SE's value of 0.51 is 75.4% below this benchmark. Historically, Gesco SE's own Cyclically Adjusted PB Ratio has ranged from 0.51 to 2.43 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 2.08, Gesco SE has consistently been below 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 2.08, based on 2,262 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. Gesco SE's current Cyclically Adjusted PB Ratio of 0.51 is 75.4% below 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 Gesco SE and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gesco SE's current Cyclically Adjusted PB Ratio is 0.51, which is 54% below median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gesco SE stock overvalued right now?
Based on GuruFocus' analysis, Gesco SE (STU:GSC1) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.21, compared to a current price of €13.20 — trading 18.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is 54% below median its 10-year median of 1.10 and 75.4% below the Industrial Products industry median of 2.08. Gesco SE's overall GF Score™ is 77/100 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 Gesco SE (STU:GSC1), the current Cyclically Adjusted PB Ratio is 0.51 as of Aug. 03, 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 Gesco SE (STU:GSC1) Overvalued in 2026?

Based on GuruFocus' analysis, Gesco SE stock appears to be undervalued. The current stock price of €13.20 is trading 18.6% below its estimated GF Value™ of €16.21. GuruFocus considers Gesco SE to be Modestly Undervalued.

Key valuation signals for STU:GSC1:

  • Cyclically Adjusted PB Ratio: 0.51 (54% below median its 10-year median of 1.10)
  • GF Value™: €16.21 vs. price of €13.20 (18.6% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 75.4% below the Industrial Products median (#258 of 2262)

No single metric tells the full story. See the STU:GSC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gesco SE Business Description

Other Exchanges 0Q4C:UKGSC1:Germany
Address Johannisberg 7, Wuppertal, DEU, 42103
GESCO SE is a long-term investor that acquires small and medium-sized industrial companies (SMEs) to hold and develop them, with subsidiaries operating independently and integrated into the Group's reporting and risk management system, forming a dynamic group of market and technology leaders and bridging the gap between SMEs and the capital market. Its segments are Materials Refinement & Distribution, focused on production, refinement and distribution of materials; Health Care & Life Science, focused on healthcare, medical, pharmaceutical and food markets; and Industrial Assets & Infrastructure, comprising companies in mechanical and plant engineering for industrial infrastructure markets.
77GF Score

Get the complete analysis for STU:GSC1

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

€13.20
Price
€16.21
GF Value