Pangaea Logistics Solutions (STU:PGA) Cyclically Adjusted PB Ratio: (As of Sep. 15, 2026)

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:PGA Pangaea Logistics Solutions Ltd STU:PGA
68 GF Score
Price €6.20
GF Value €4.81
! 5 Warning Signs
View Full Analysis

What is Pangaea Logistics Solutions Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pangaea Logistics Solutions  (STU:PGA) 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.


Pangaea Logistics Solutions Cyclically Adjusted PB Ratio Related Terms


Pangaea Logistics Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pangaea Logistics Solutions'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.

Pangaea Logistics Solutions Cyclically Adjusted PB Ratio Chart

Pangaea Logistics Solutions 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 1.60 1.02 1.22

Pangaea Logistics Solutions 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 0.86 0.91 1.22 1.22 1.10

STU:PGA vs ESEA, CMDB, SHIP: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Pangaea Logistics Solutions'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.


Pangaea Logistics Solutions Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Pangaea Logistics Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pangaea Logistics Solutions's Cyclically Adjusted PB Ratio falls into.


STU:PGA
68GF Score
Pangaea Logistics Solutions Ltd STU:PGA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pangaea Logistics Solutions 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.

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

For example, Pangaea Logistics Solutions'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)
=5.962/333.9520*333.9520
=5.962

Current CPI (Jun. 2026) = 333.9520.

Pangaea Logistics Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.827 241.428 3.910
201612 3.012 241.432 4.166
201703 3.119 243.801 4.272
201706 2.767 244.955 3.772
201709 2.704 246.819 3.659
201712 2.804 246.524 3.798
201803 2.719 249.554 3.639
201806 2.986 251.989 3.957
201809 3.156 252.439 4.175
201812 3.230 251.233 4.293
201903 3.302 254.202 4.338
201906 3.360 256.143 4.381
201909 3.593 256.759 4.673
201912 3.414 256.974 4.437
202003 3.300 258.115 4.270
202006 3.307 257.797 4.284
202009 3.311 260.280 4.248
202012 3.306 260.474 4.239
202103 3.492 264.877 4.403
202106 3.774 271.696 4.639
202109 4.346 274.310 5.291
202112 4.796 278.802 5.745
202203 5.244 287.504 6.091
202206 5.915 296.311 6.666
202209 6.673 296.808 7.508
202212 6.463 296.797 7.272
202303 6.307 301.836 6.978
202306 6.202 305.109 6.788
202309 6.588 307.789 7.148
202312 6.392 306.746 6.959
202403 6.521 312.332 6.972
202406 6.567 314.175 6.980
202409 6.389 315.301 6.767
202412 6.289 315.605 6.655
202503 5.932 319.799 6.195
202506 5.495 322.561 5.689
202509 5.494 324.800 5.649
202512 5.643 324.054 5.815
202603 5.841 330.213 5.907
202606 5.962 333.952 5.962

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.

Is Pangaea Logistics Solutions (STU:PGA) Overvalued in 2026?

Based on GuruFocus' analysis, Pangaea Logistics Solutions stock appears to be overvalued. The current stock price of €6.20 is trading 28.9% above its estimated GF Value™ of €4.81.

Key valuation signals for STU:PGA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €4.81 vs. price of €6.20 (28.9% above fair value)
  • GF Score™: 68/100 with 5 warning signs

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


Pangaea Logistics Solutions Business Description

Other Exchanges PANL:USA
Address C/o Phoenix Bulk Carriers (US) LLC, 109 Long Wharf, Newport, RI, USA, 02840
Pangaea Logistics Solutions Ltd and its subsidiaries collectively, Pangaea or the Company, provide seaborne drybulk logistics and transportation services as well as terminal and stevedoring services. Pangaea utilizes its logistics expertise to service a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company's operating segments include the shipping segment: The Company's operating segments include the shipping segment and six terminal and stevedoring operating segments. The company operates in the USA, Germany, Canada, Singapore, the United Kingdom, and other countries, with maximum from the USA and others.
68GF Score

Get the complete analysis for STU:PGA

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

€6.20
Price
€4.81
GF Value