Radware (STU:RWA) Cyclically Adjusted PB Ratio: 2.50 (As of Jul. 30, 2026) — 16% Below Median

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STU:RWA Radware Ltd STU:RWA
71 GF Score
Price €20.00
GF Value €26.16
Valuation Fairly Valued
! 2 Warning Signs
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What is Radware Cyclically Adjusted PB Ratio?

Radware STU:RWA -0.81% 71 Cyclically Adjusted PB Ratio is 2.50 as of Jul. 30, 2026, which is 16% below its 10-year median of 2.96. GuruFocus rates STU:RWA with a GF Score™ of 71/100 and a GF Value™ of €26.16 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,577 Software companies, Radware ranks worse than 54.47% on this metric.

As of today (2026-07-30), Radware's current share price is €20.00. Radware's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €8.00. Radware's Cyclically Adjusted PB Ratio for today is 2.50.

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

STU:RWA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 2.96   Max: 5.08
Current: 2.54

During the past years, Radware's highest Cyclically Adjusted PB Ratio was 5.08. The lowest was 1.66. And the median was 2.96.

STU:RWA's Cyclically Adjusted PB Ratio is ranked worse than
54.47% of 1577 companies
in the Software industry
Industry Median: 2.23 vs STU:RWA: 2.54

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.

Radware's adjusted book value per share data for the three months ended in Jun. 2026 was €6.552. 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 €8.00 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Radware  (STU:RWA) 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.


Radware Cyclically Adjusted PB Ratio Related Terms


Radware Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Radware'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.

Radware Cyclically Adjusted PB Ratio Chart

Radware 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 5.08 2.26 1.87 2.51 2.67

Radware 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 3.24 2.91 2.67 2.87 3.35

STU:RWA vs AI, PGY, BRUN: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Radware'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.


Radware Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Radware's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:RWA
71GF Score
Radware Ltd STU:RWA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Radware 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.

Radware's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.00/8.00
=2.50

* 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.

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

For example, Radware'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)
=6.552/333.9520*333.9520
=6.552

Current CPI (Jun. 2026) = 333.9520.

Radware Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.368 241.428 8.808
201612 6.580 241.432 9.102
201703 6.495 243.801 8.897
201706 6.197 244.955 8.448
201709 5.759 246.819 7.792
201712 6.038 246.524 8.179
201803 6.003 249.554 8.033
201806 6.575 251.989 8.714
201809 6.566 252.439 8.686
201812 6.903 251.233 9.176
201903 7.166 254.202 9.414
201906 7.183 256.143 9.365
201909 7.475 256.759 9.722
201912 7.572 256.974 9.840
202003 7.492 258.115 9.693
202006 7.447 257.797 9.647
202009 7.055 260.280 9.052
202012 6.884 260.474 8.826
202103 6.792 264.877 8.563
202106 6.829 271.696 8.394
202109 7.125 274.310 8.674
202112 7.138 278.802 8.550
202203 7.078 287.504 8.221
202206 7.184 296.311 8.097
202209 7.721 296.808 8.687
202212 7.077 296.797 7.963
202303 6.919 301.836 7.655
202306 6.724 305.109 7.360
202309 6.383 307.789 6.926
202312 6.247 306.746 6.801
202403 6.375 312.332 6.816
202406 6.562 314.175 6.975
202409 6.574 315.301 6.963
202412 7.098 315.605 7.511
202503 7.044 319.799 7.356
202506 6.877 322.561 7.120
202509 6.835 324.800 7.028
202512 6.915 324.054 7.126
202603 6.718 330.213 6.794
202606 6.552 333.952 6.552

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 2.50 mean?
Radware (STU:RWA) has a Cyclically Adjusted PB Ratio of 2.50 as of Jul. 30, 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 Radware and its competitors. This is 16% below median its historical median of 2.96. Over the past decade, Radware's Cyclically Adjusted PB Ratio has ranged from 1.66 to 5.08. According to the industry distribution chart, Radware ranks #859 out of 1577 companies in the Software industry, placing it in the top 54.5%.
Is Radware's Cyclically Adjusted PB Ratio too high?
Radware's current Cyclically Adjusted PB Ratio of 2.50 is 16% below median its 10-year median of 2.96. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 5.08. The Software industry median Cyclically Adjusted PB Ratio is 2.23. Radware's value of 2.50 is 12.1% above this industry median. Based on the distribution chart, Radware ranks #859 out of 1577 companies in the Software industry, which is below the industry midpoint. Overall, Radware has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Radware's Cyclically Adjusted PB Ratio compare to AI and PGY?
According to the Software industry distribution chart, Radware ranks #859 out of 1577 companies for Cyclically Adjusted PB Ratio. This places Radware in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.23. Radware's value of 2.50 is 12.1% above this benchmark. Historically, Radware's own Cyclically Adjusted PB Ratio has ranged from 1.66 to 5.08 over the past decade. While the company's 10-year median is 2.96 vs. the industry median of 2.23, Radware 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.23, based on 1,577 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. Radware's current Cyclically Adjusted PB Ratio of 2.50 is 12.1% 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 Radware and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Radware's current Cyclically Adjusted PB Ratio is 2.50, which is 16% below median its own 10-year median of 2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Radware stock overvalued right now?
Based on GuruFocus' analysis, Radware (STU:RWA) is currently considered Fairly Valued. The stock's GF Value™ is €26.16, compared to a current price of €20.00 — trading 23.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.50, which is 16% below median its 10-year median of 2.96 and 12.1% above the Software industry median of 2.23. Radware's overall GF Score™ is 71/100 with 2 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 Radware (STU:RWA), the current Cyclically Adjusted PB Ratio is 2.50 as of Jul. 30, 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 Radware (STU:RWA) Overvalued in 2026?

Based on GuruFocus' analysis, Radware stock appears to be undervalued. The current stock price of €20.00 is trading 23.5% below its estimated GF Value™ of €26.16. GuruFocus considers Radware to be Fairly Valued.

Key valuation signals for STU:RWA:

  • Cyclically Adjusted PB Ratio: 2.50 (16% below median its 10-year median of 2.96)
  • GF Value™: €26.16 vs. price of €20.00 (23.5% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 12.1% above the Software median (#859 of 1577)

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


Radware Business Description

Other Exchanges RDWR:USA
Address 22 Raoul Wallenberg Street, Tel Aviv, ISR, 6971917
Radware Ltd is a provider of application security and delivery solutions for multi-cloud environments. Its solutions secure the digital experience by providing infrastructure, application, and network protection and availability services to companies globally. Its solutions are deployed by, among others, enterprises, carriers, and cloud service providers. The company offers solutions in two main categories: Products offers a range of cloud-based security-as-a-service subscriptions, on-premises hardware and software products, and product subscriptions (or a combination of these) to customers; and Services offers managed services, professional services, technical support and training and certification to customers and partners.
71GF 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.

€20.00
Price
€26.16
GF Value