Campine NV (STU:SQ0) Cyclically Adjusted PB Ratio: (As of Aug. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SQ0 Campine NV STU:SQ0
71 GF Score
Price €205.00
GF Value €221.93
Valuation Fairly Valued
! 1 Warning Sign
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What is Campine NV 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


Campine NV  (STU:SQ0) 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.


Campine NV Cyclically Adjusted PB Ratio Related Terms


Campine NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Campine NV'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.

Campine NV Cyclically Adjusted PB Ratio Chart

Campine NV 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 1.86 1.86 2.60 3.74 5.25

Campine NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 2.60 0.00 3.74 0.00 5.25

STU:SQ0 vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Campine NV'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.


Campine NV Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Campine NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:SQ0
71GF Score
Campine NV STU:SQ0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Campine NV 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.

Campine NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Campine NV's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=90.865/135.0700*135.0700
=90.865

Current CPI (Dec25) = 135.0700.

Campine NV Annual Data

Book Value per Share CPI Adj_Book
201612 12.791 102.614 16.837
201712 16.388 104.804 21.121
201812 19.686 107.252 24.792
201912 23.661 108.065 29.574
202012 23.674 108.511 29.468
202112 31.982 114.705 37.660
202212 39.700 126.578 42.364
202312 46.097 128.292 48.532
202412 57.813 132.346 59.003
202512 90.865 135.070 90.865

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 Campine NV (STU:SQ0) Overvalued in 2026?

Based on GuruFocus' analysis, Campine NV stock appears to be undervalued. The current stock price of €205.00 is trading 7.6% below its estimated GF Value™ of €221.93. GuruFocus considers Campine NV to be Fairly Valued.

Key valuation signals for STU:SQ0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €221.93 vs. price of €205.00 (7.6% below fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the STU:SQ0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Campine NV Business Description

Address Nijverheidsstraat 2, Beerse, BEL, 2340
Campine NV is a battery recycling company in Europe. It recovers the lead and other metals, as well as the plastics from the casings. Its operating segments are Specialty Chemicals and Circular Metals. Specialty Chemicals hosts all businesses that serve end-markets with chemical products and derivatives. Antimony trioxide is manufactured and used as a flame retardant, polymerization catalyst, and pigment reagent, and in the production of different types of polymer and plastic masterbatches. Circular Metals hosts businesses that recover metals from industrial and post-consumer waste streams. The main activity is the manufacturing of lead alloys. Geographically, the majority of revenue is derived from Germany.
71GF Score

Get the complete analysis for STU:SQ0

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

€205.00
Price
€221.93
GF Value