Arcelik AS (STU:RCAA) Cyclically Adjusted PB Ratio: 1.91 (As of Aug. 03, 2026) — 41% Below Median

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STU:RCAA Arcelik AS STU:RCAA
72 GF Score
Price €8.30
GF Value €5.83
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Arcelik AS Cyclically Adjusted PB Ratio?

Arcelik AS STU:RCAA 72 Cyclically Adjusted PB Ratio is 1.91 as of Aug. 03, 2026, which is 41% below its 10-year median of 3.22. GuruFocus rates STU:RCAA with a GF Score™ of 72/100 and a GF Value™ of €5.83 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 334 Furnishings, Fixtures & Appliances companies, Arcelik AS ranks worse than 65.87% on this metric.

As of today (2026-08-03), Arcelik AS's current share price is €8.30. Arcelik AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.35. Arcelik AS's Cyclically Adjusted PB Ratio for today is 1.91.

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

STU:RCAA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.64   Med: 3.22   Max: 8.55
Current: 1.96

During the past years, Arcelik AS's highest Cyclically Adjusted PB Ratio was 8.55. The lowest was 1.64. And the median was 3.22.

STU:RCAA's Cyclically Adjusted PB Ratio is ranked worse than
65.87% of 334 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.195 vs STU:RCAA: 1.96

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.

Arcelik AS's adjusted book value per share data for the three months ended in Mar. 2026 was €10.947. 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 €4.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arcelik AS  (STU:RCAA) 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.


Arcelik AS Cyclically Adjusted PB Ratio Related Terms


Arcelik AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arcelik AS'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.

Arcelik AS Cyclically Adjusted PB Ratio Chart

Arcelik AS 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 4.10 6.71 5.47 3.98 2.15

Arcelik AS 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 3.52 2.93 2.83 2.15 2.15

STU:RCAA vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS'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.


Arcelik AS Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:RCAA
72GF Score
Arcelik AS STU:RCAA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arcelik AS 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.

Arcelik AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.30/4.35
=1.91

* 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.

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

For example, Arcelik AS'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)
=10.947/330.2130*330.2130
=10.947

Current CPI (Mar. 2026) = 330.2130.

Arcelik AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.977 241.018 15.039
201609 11.707 241.428 16.012
201612 11.992 241.432 16.402
201703 11.353 243.801 15.377
201706 11.587 244.955 15.620
201709 11.640 246.819 15.573
201712 11.195 246.524 14.995
201803 10.398 249.554 13.759
201806 9.817 251.989 12.864
201809 8.957 252.439 11.717
201812 10.011 251.233 13.158
201903 10.502 254.202 13.642
201906 10.185 256.143 13.130
201909 10.599 256.759 13.631
201912 10.991 256.974 14.123
202003 10.386 258.115 13.287
202006 10.334 257.797 13.237
202009 10.589 260.280 13.434
202012 10.900 260.474 13.818
202103 11.542 264.877 14.389
202106 10.875 271.696 13.217
202109 10.902 274.310 13.124
202112 9.362 278.802 11.088
202203 10.330 287.504 11.865
202206 10.034 296.311 11.182
202209 10.301 296.808 11.460
202212 21.570 296.797 23.999
202303 9.456 301.836 10.345
202306 9.811 305.109 10.618
202309 9.419 307.789 10.105
202312 21.107 306.746 22.722
202403 13.970 312.332 14.770
202406 18.130 314.175 19.055
202409 16.433 315.301 17.210
202412 19.785 315.605 20.701
202503 14.630 319.799 15.106
202506 12.513 322.561 12.810
202509 11.559 324.800 11.752
202512 10.741 324.054 10.945
202603 10.947 330.213 10.947

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 1.91 mean?
Arcelik AS (STU:RCAA) has a Cyclically Adjusted PB Ratio of 1.91 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 Arcelik AS and its competitors. This is 41% below median its historical median of 3.22. Over the past decade, Arcelik AS's Cyclically Adjusted PB Ratio has ranged from 1.64 to 8.55. According to the industry distribution chart, Arcelik AS ranks #220 out of 334 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 65.9%.
Is Arcelik AS's Cyclically Adjusted PB Ratio too high?
Arcelik AS's current Cyclically Adjusted PB Ratio of 1.91 is 41% below median its 10-year median of 3.22. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 8.55. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.20. Arcelik AS's value of 1.91 is 59.8% above this industry median. Based on the distribution chart, Arcelik AS ranks #220 out of 334 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Arcelik AS has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcelik AS's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Arcelik AS ranks #220 out of 334 companies for Cyclically Adjusted PB Ratio. This places Arcelik AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Arcelik AS's value of 1.91 is 59.8% above this benchmark. Historically, Arcelik AS's own Cyclically Adjusted PB Ratio has ranged from 1.64 to 8.55 over the past decade. While the company's 10-year median is 3.22 vs. the industry median of 1.20, Arcelik AS 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.20, based on 334 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. Arcelik AS's current Cyclically Adjusted PB Ratio of 1.91 is 59.8% 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 Arcelik AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arcelik AS's current Cyclically Adjusted PB Ratio is 1.91, which is 41% below median its own 10-year median of 3.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcelik AS stock overvalued right now?
Based on GuruFocus' analysis, Arcelik AS (STU:RCAA) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.83, compared to a current price of €8.30 — trading 42.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.91, which is 41% below median its 10-year median of 3.22 and 59.8% above the Furnishings, Fixtures & Appliances industry median of 1.20. Arcelik AS's overall GF Score™ is 72/100 with 8 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 Arcelik AS (STU:RCAA), the current Cyclically Adjusted PB Ratio is 1.91 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 Arcelik AS (STU:RCAA) Overvalued in 2026?

Based on GuruFocus' analysis, Arcelik AS stock appears to be overvalued. The current stock price of €8.30 is trading 42.4% above its estimated GF Value™ of €5.83. GuruFocus considers Arcelik AS to be Significantly Overvalued.

Key valuation signals for STU:RCAA:

  • Cyclically Adjusted PB Ratio: 1.91 (41% below median its 10-year median of 3.22)
  • GF Value™: €5.83 vs. price of €8.30 (42.4% above fair value)
  • GF Score™: 72/100 with 8 warning signs
  • Industry Position: 59.8% above the Furnishings, Fixtures & Appliances median (#220 of 334)

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


Arcelik AS Business Description

Address Karaagac Caddesi No 2-6, Sutluce, Beyoglu, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. It supplies products and services under the brands of Altus, Arctic, Arcelik, Beko, Blomberg, Dawlance, Defy, Elektrabregenz, Flavel, Grundig, Leisure, and VoltasBeko among others. The company's reportable segments are White goods and Consumer Electronics. The majority of its revenue is derived from the White goods segment which comprises washing machines, dryers, dishwashers, refrigerators, ovens, cookers, and the services provided for these products. Geographically, key revenue for the company is generated from Europe.
72GF Score

Get the complete analysis for STU:RCAA

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

€8.30
Price
€5.83
GF Value