Trelleborg AB (STU:TLLB) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:TLLB Trelleborg AB STU:TLLB
88 GF Score
Price €39.82
GF Value €37.09
Valuation Fairly Valued
! 7 Warning Signs
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What is Trelleborg AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Trelleborg AB  (STU:TLLB) 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.


Trelleborg AB Cyclically Adjusted PB Ratio Related Terms


Trelleborg AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trelleborg AB'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.

Trelleborg AB Cyclically Adjusted PB Ratio Chart

Trelleborg AB 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 2.42 1.89 2.41 2.46 2.58

Trelleborg AB 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 2.38 2.31 2.61 2.31 2.57

STU:TLLB vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Trelleborg AB'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.


Trelleborg AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Trelleborg AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:TLLB
88GF Score
Trelleborg AB STU:TLLB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Trelleborg AB 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.

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

For example, Trelleborg AB'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)
=15.203/134.6100*134.6100
=15.203

Current CPI (Jun. 2026) = 134.6100.

Trelleborg AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.366 101.138 12.466
201612 9.678 102.022 12.769
201703 10.164 102.022 13.411
201706 9.947 102.752 13.031
201709 9.979 103.279 13.006
201712 10.212 103.793 13.244
201803 10.495 103.962 13.589
201806 10.353 104.875 13.288
201809 10.548 105.679 13.436
201812 10.966 105.912 13.937
201903 10.751 105.886 13.667
201906 10.933 106.742 13.787
201909 11.182 107.214 14.039
201912 10.132 107.766 12.656
202003 10.440 106.563 13.188
202006 10.443 107.498 13.077
202009 10.505 107.635 13.138
202012 10.629 108.296 13.212
202103 11.173 108.360 13.880
202106 11.050 108.928 13.655
202109 11.543 110.338 14.082
202112 11.823 112.486 14.148
202203 12.370 114.825 14.501
202206 12.487 118.384 14.199
202209 13.124 122.296 14.445
202212 13.098 126.365 13.953
202303 13.436 127.042 14.236
202306 14.091 129.407 14.658
202309 15.431 130.224 15.951
202312 15.398 131.912 15.713
202403 15.518 132.205 15.800
202406 15.273 132.716 15.491
202409 15.140 132.304 15.404
202412 15.630 132.987 15.821
202503 15.592 132.825 15.802
202506 14.417 133.699 14.515
202509 14.705 133.480 14.829
202512 14.955 133.380 15.093
202603 15.421 133.550 15.543
202606 15.203 134.610 15.203

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 Trelleborg AB (STU:TLLB) Overvalued in 2026?

Based on GuruFocus' analysis, Trelleborg AB stock appears to be overvalued. The current stock price of €39.82 is trading 7.4% above its estimated GF Value™ of €37.09. GuruFocus considers Trelleborg AB to be Fairly Valued.

Key valuation signals for STU:TLLB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €37.09 vs. price of €39.82 (7.4% above fair value)
  • GF Score™: 88/100 with 7 warning signs

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


Trelleborg AB Business Description

Address Johan Kocksgatan 10, P.O. Box 153, Trelleborg, SWE, SE- 23122
Trelleborg AB manufactures products to seal, damp, and protect critical applications for a multitude of industries. It focuses on enhancing performance, reliability and sustainability for customers in aerospace, automotive, energy & renewables, healthcare & medical, marine, water infrastructure and general industrial markets. The company has different business areas: Trelleborg Industrial Solutions, Trelleborg Medical Solutions and Trelleborg Sealing Solutions. The group's products include precision sealing systems, antivibration and noise-damping components, fluid-handling solutions, engineered coated fabrics and others.
88GF Score

Get the complete analysis for STU:TLLB

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

€39.82
Price
€37.09
GF Value