Limbach Holdings (STU:J4B) Cyclically Adjusted PB Ratio: 4.35 (As of Aug. 12, 2026) — 49% Below Median

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STU:J4B Limbach Holdings Inc STU:J4B
54 GF Score
Price €40.00
GF Value €78.03
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Limbach Holdings Cyclically Adjusted PB Ratio?

Limbach Holdings STU:J4B -0.50% 54 Cyclically Adjusted PB Ratio is 4.35 as of Aug. 12, 2026, which is 49% below its 10-year median of 8.60. GuruFocus rates STU:J4B with a GF Score™ of 54/100 and a GF Value™ of €78.03 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,337 Construction companies, Limbach Holdings ranks worse than 87.14% on this metric.

As of today (2026-08-12), Limbach Holdings's current share price is €40.00. Limbach Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €9.19. Limbach Holdings's Cyclically Adjusted PB Ratio for today is 4.35.

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

STU:J4B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.42   Med: 8.6   Max: 16.02
Current: 4.42

During the past years, Limbach Holdings's highest Cyclically Adjusted PB Ratio was 16.02. The lowest was 4.42. And the median was 8.60.

STU:J4B's Cyclically Adjusted PB Ratio is ranked worse than
87.14% of 1337 companies
in the Construction industry
Industry Median: 1.16 vs STU:J4B: 4.42

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.

Limbach Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was €14.646. 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 €9.19 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Limbach Holdings  (STU:J4B) 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.


Limbach Holdings Cyclically Adjusted PB Ratio Related Terms


Limbach Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Limbach Holdings'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.

Limbach Holdings Cyclically Adjusted PB Ratio Chart

Limbach Holdings 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 9.57 7.89

Limbach Holdings 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 15.02 10.20 7.89 7.65 7.35

STU:J4B vs NX, APOG, JBI: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Limbach Holdings'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.


Limbach Holdings Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Limbach Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:J4B
54GF Score
Limbach Holdings Inc STU:J4B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Limbach Holdings 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.

Limbach Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.00/9.19
=4.35

* 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.

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

For example, Limbach Holdings'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)
=14.646/333.9520*333.9520
=14.646

Current CPI (Jun. 2026) = 333.9520.

Limbach Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.941 241.428 6.835
201612 6.034 241.432 8.346
201703 5.770 243.801 7.904
201706 5.542 244.955 7.556
201709 5.231 246.819 7.078
201712 5.423 246.524 7.346
201803 4.742 249.554 6.346
201806 5.160 251.989 6.838
201809 4.798 252.439 6.347
201812 5.368 251.233 7.135
201903 5.660 254.202 7.436
201906 5.545 256.143 7.229
201909 5.311 256.759 6.908
201912 5.486 256.974 7.129
202003 5.470 258.115 7.077
202006 5.677 257.797 7.354
202009 5.714 260.280 7.331
202012 5.573 260.474 7.145
202103 6.295 264.877 7.937
202106 6.328 271.696 7.778
202109 6.865 274.310 8.358
202112 7.544 278.802 9.036
202203 7.568 287.504 8.791
202206 8.015 296.311 9.033
202209 8.978 296.808 10.102
202212 8.754 296.797 9.850
202303 8.783 301.836 9.718
202306 9.057 305.109 9.913
202309 9.719 307.789 10.545
202312 10.077 306.746 10.971
202403 10.249 312.332 10.958
202406 10.960 314.175 11.650
202409 11.365 315.301 12.037
202412 13.003 315.605 13.759
202503 12.821 319.799 13.388
202506 12.719 322.561 13.168
202509 13.304 324.800 13.679
202512 14.371 324.054 14.810
202603 14.246 330.213 14.407
202606 14.646 333.952 14.646

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 4.35 mean?
Limbach Holdings (STU:J4B) has a Cyclically Adjusted PB Ratio of 4.35 as of Aug. 12, 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 Limbach Holdings and its competitors. This is 49% below median its historical median of 8.60. Over the past decade, Limbach Holdings' Cyclically Adjusted PB Ratio has ranged from 4.42 to 16.02. According to the industry distribution chart, Limbach Holdings ranks #1165 out of 1337 companies in the Construction industry, placing it in the top 87.1%.
Is Limbach Holdings' Cyclically Adjusted PB Ratio too high?
Limbach Holdings' current Cyclically Adjusted PB Ratio of 4.35 is 49% below median its 10-year median of 8.60. Over the past 10 years, this metric has ranged from a low of 4.42 to a high of 16.02. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Limbach Holdings' value of 4.35 is 275% above this industry median. Based on the distribution chart, Limbach Holdings ranks #1165 out of 1337 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Limbach Holdings has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Limbach Holdings' Cyclically Adjusted PB Ratio compare to NX and APOG?
According to the Construction industry distribution chart, Limbach Holdings ranks #1165 out of 1337 companies for Cyclically Adjusted PB Ratio. This places Limbach Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Limbach Holdings' value of 4.35 is 275% above this benchmark. Historically, Limbach Holdings' own Cyclically Adjusted PB Ratio has ranged from 4.42 to 16.02 over the past decade. While the company's 10-year median is 8.60 vs. the industry median of 1.16, Limbach Holdings 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,337 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. Limbach Holdings's current Cyclically Adjusted PB Ratio of 4.35 is 275% 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 Limbach Holdings and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Limbach Holdings's current Cyclically Adjusted PB Ratio is 4.35, which is 49% below median its own 10-year median of 8.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Limbach Holdings stock overvalued right now?
Based on GuruFocus' analysis, Limbach Holdings (STU:J4B) is currently considered Significantly Undervalued. The stock's GF Value™ is €78.03, compared to a current price of €40.00 — trading 48.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.35, which is 49% below median its 10-year median of 8.60 and 275% above the Construction industry median of 1.16. Limbach Holdings' overall GF Score™ is 54/100 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 Limbach Holdings (STU:J4B), the current Cyclically Adjusted PB Ratio is 4.35 as of Aug. 12, 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 Limbach Holdings (STU:J4B) Overvalued in 2026?

Based on GuruFocus' analysis, Limbach Holdings stock appears to be undervalued. The current stock price of €40.00 is trading 48.7% below its estimated GF Value™ of €78.03. GuruFocus considers Limbach Holdings to be Significantly Undervalued.

Key valuation signals for STU:J4B:

  • Cyclically Adjusted PB Ratio: 4.35 (49% below median its 10-year median of 8.60)
  • GF Value™: €78.03 vs. price of €40.00 (48.7% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 275% above the Construction median (#1165 of 1337)

No single metric tells the full story. See the STU:J4B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Limbach Holdings Business Description

Other Exchanges LMB:USA
Address 797 Commonwealth Drive, Warrendale, PA, USA, 15086
Limbach Holdings Inc is a building systems solutions firm that designs, delivers, and maintains mechanical (heating, ventilation, and air conditioning), electrical, plumbing, and controls (MEPC) systems. The Company partners with owners and operators of facilities across healthcare, industrial and manufacturing, data centers, life sciences, higher education, and cultural and entertainment markets. It operates through two segments: Owner Direct Relationships (ODR), which generates maximum revenue and includes owner direct projects, maintenance, and service on MEPC systems; and General Contractor Relationships (GCR), which manages new construction or renovation projects involving MEPC systems awarded by general contractors or construction managers.
54GF Score

Get the complete analysis for STU:J4B

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

€40.00
Price
€78.03
GF Value