TPI Composites (STU:GX6) Cyclically Adjusted PB Ratio: 0.01 (As of Aug. 23, 2026) — 97% Below Median

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STU:GX6 TPI Composites Inc STU:GX6
16 GF Score
Price €0.03
GF Value €16.00
! 7 Warning Signs
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What is TPI Composites Cyclically Adjusted PB Ratio?

TPI Composites STU:GX6 16 Cyclically Adjusted PB Ratio is 0.01 as of Aug. 23, 2026, which is 97% below its 10-year median of 0.32. GuruFocus rates STU:GX6 with a GF Score™ of 16/100 and a GF Value™ of €16.00. The stock has 7 warning signs investors should review. Among 2,159 Industrial Products companies, TPI Composites ranks worse than 46317.69% on this metric.

As of today (2026-08-23), TPI Composites's current share price is €0.032. TPI Composites's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €4.71. TPI Composites's Cyclically Adjusted PB Ratio for today is 0.01.

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

During the past years, TPI Composites's highest Cyclically Adjusted PB Ratio was 1.67. The lowest was 0.01. And the median was 0.32.

STU:GX6's Cyclically Adjusted PB Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 2.14
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

TPI Composites's adjusted book value per share data for the three months ended in Dec. 2025 was €-11.899. 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 €4.71 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


TPI Composites  (STU:GX6) 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.


TPI Composites Cyclically Adjusted PB Ratio Related Terms


TPI Composites Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TPI Composites'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.

TPI Composites Cyclically Adjusted PB Ratio Chart

TPI Composites 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 0.00 0.00 0.00 0.68 0.01

TPI Composites Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.68 0.32 0.39 0.02 0.01

STU:GX6 vs INLF, LBGJ, GEV: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, TPI Composites'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.


TPI Composites Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


STU:GX6
16GF Score
TPI Composites Inc STU:GX6
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TPI Composites 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.

TPI Composites's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.032/4.71
=0.01

* 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.

TPI Composites's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, TPI Composites's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-11.899/324.0540*324.0540
=-11.899

Current CPI (Dec. 2025) = 324.0540.

TPI Composites Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.529 238.132 0.720
201606 -4.985 241.018 -6.702
201609 2.899 241.428 3.891
201612 2.993 241.432 4.017
201703 3.106 243.801 4.128
201706 3.409 244.955 4.510
201709 3.746 246.819 4.918
201712 5.478 246.524 7.201
201803 5.781 249.554 7.507
201806 5.854 251.989 7.528
201809 5.675 252.439 7.285
201812 5.601 251.233 7.224
201903 5.391 254.202 6.872
201906 5.353 256.143 6.772
201909 5.325 256.759 6.721
201912 5.246 256.974 6.615
202003 4.903 258.115 6.156
202006 3.238 257.797 4.070
202009 4.310 260.280 5.366
202012 4.520 260.474 5.623
202103 4.453 264.877 5.448
202106 3.605 271.696 4.300
202109 3.005 274.310 3.550
202112 2.903 278.802 3.374
202203 3.437 287.504 3.874
202206 2.933 296.311 3.208
202209 2.270 296.808 2.478
202212 1.134 296.797 1.238
202303 -0.071 301.836 -0.076
202306 -1.715 305.109 -1.821
202309 -3.254 307.789 -3.426
202312 -2.413 306.746 -2.549
202403 -3.567 312.332 -3.701
202406 -5.358 314.175 -5.526
202409 -6.100 315.301 -6.269
202412 -7.487 315.605 -7.687
202503 -7.999 319.799 -8.105
202506 -8.637 322.561 -8.677
202509 -10.190 324.800 -10.167
202512 -11.899 324.054 -11.899

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 0.01 mean?
TPI Composites (STU:GX6) has a Cyclically Adjusted PB Ratio of 0.01 as of Aug. 23, 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 TPI Composites and its competitors. This is 97% below median its historical median of 0.32. Over the past decade, TPI Composites' Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.67. According to the industry distribution chart, TPI Composites ranks #999999 out of 2159 companies in the Industrial Products industry.
Is TPI Composites' Cyclically Adjusted PB Ratio too high?
TPI Composites' current Cyclically Adjusted PB Ratio of 0.01 is 97% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.67. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. TPI Composites' value of 0.01 is 99.5% below this industry median. Based on the distribution chart, TPI Composites ranks #999999 out of 2159 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, TPI Composites has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does TPI Composites' Cyclically Adjusted PB Ratio compare to INLF and LBGJ?
According to the Industrial Products industry distribution chart, TPI Composites ranks #999999 out of 2159 companies for Cyclically Adjusted PB Ratio. This places TPI Composites in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.14. TPI Composites' value of 0.01 is 99.5% below this benchmark. Historically, TPI Composites' own Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.67 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 2.14, TPI Composites 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 2.14, based on 2,159 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. TPI Composites's current Cyclically Adjusted PB Ratio of 0.01 is 99.5% 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 TPI Composites and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPI Composites's current Cyclically Adjusted PB Ratio is 0.01, which is 97% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPI Composites stock overvalued right now?
TPI Composites (STU:GX6) has a current Cyclically Adjusted PB Ratio of 0.01. The stock's GF Value™ is €16.00, compared to a current price of €0.03 — trading 99.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.01, which is 97% below median its 10-year median of 0.32 and 99.5% below the Industrial Products industry median of 2.14. TPI Composites' overall GF Score™ is 16/100 with 7 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 TPI Composites (STU:GX6), the current Cyclically Adjusted PB Ratio is 0.01 as of Aug. 23, 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 TPI Composites (STU:GX6) Overvalued in 2026?

Based on GuruFocus' analysis, TPI Composites stock appears to be undervalued. The current stock price of €0.03 is trading 99.8% below its estimated GF Value™ of €16.00.

Key valuation signals for STU:GX6:

  • Cyclically Adjusted PB Ratio: 0.01 (97% below median its 10-year median of 0.32)
  • GF Value™: €16.00 vs. price of €0.03 (99.8% below fair value)
  • GF Score™: 16/100 with 7 warning signs
  • Industry Position: 99.5% below the Industrial Products median (#999999 of 2159)

No single metric tells the full story. See the STU:GX6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TPI Composites Business Description

Other Exchanges TPICQ:USA
Address 9200 E Pima Center Parkway, Suite 250, Scottsdale, AZ, USA, 85258
TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.
16GF Score

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

€0.03
Price
€16.00
GF Value