Wabash National (STU:WA9) Cyclically Adjusted PB Ratio: 1.15 (As of Aug. 24, 2026) — 54% Below Median

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STU:WA9 Wabash National Corp STU:WA9
68 GF Score
Price €10.30
GF Value €11.47
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Wabash National Cyclically Adjusted PB Ratio?

Wabash National STU:WA9 +3.52% 68 Cyclically Adjusted PB Ratio is 1.15 as of Aug. 24, 2026, which is 54% below its 10-year median of 2.52. GuruFocus rates STU:WA9 with a GF Score™ of 68/100 and a GF Value™ of €11.47 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 160 Farm & Heavy Construction Machinery companies, Wabash National ranks better than 62.5% on this metric.

As of today (2026-08-24), Wabash National's current share price is €10.30. Wabash National's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €8.92. Wabash National's Cyclically Adjusted PB Ratio for today is 1.15.

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

STU:WA9' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 2.52   Max: 5.07
Current: 1.18

During the past years, Wabash National's highest Cyclically Adjusted PB Ratio was 5.07. The lowest was 0.68. And the median was 2.52.

STU:WA9's Cyclically Adjusted PB Ratio is ranked better than
62.5% of 160 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.505 vs STU:WA9: 1.18

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.

Wabash National's adjusted book value per share data for the three months ended in Jun. 2026 was €6.231. 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 €8.92 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wabash National  (STU:WA9) 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.


Wabash National Cyclically Adjusted PB Ratio Related Terms


Wabash National Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wabash National'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.

Wabash National Cyclically Adjusted PB Ratio Chart

Wabash National 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 2.57 2.67 2.78 1.78 0.86

Wabash National 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 1.07 0.98 0.86 0.85 1.32

STU:WA9 vs TWI, MTW, HY: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Wabash National'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.


Wabash National Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Wabash National's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:WA9
68GF Score
Wabash National Corp STU:WA9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wabash National 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.

Wabash National's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.30/8.92
=1.15

* 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.

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

For example, Wabash National'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)
=6.231/333.9520*333.9520
=6.231

Current CPI (Jun. 2026) = 333.9520.

Wabash National Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.063 241.428 9.770
201612 7.448 241.432 10.302
201703 7.456 243.801 10.213
201706 7.126 244.955 9.715
201709 6.939 246.819 9.389
201712 7.429 246.524 10.064
201803 7.172 249.554 9.598
201806 7.462 251.989 9.889
201809 7.340 252.439 9.710
201812 7.554 251.233 10.041
201903 7.722 254.202 10.145
201906 8.118 256.143 10.584
201909 8.641 256.759 11.239
201912 8.769 256.974 11.396
202003 6.746 258.115 8.728
202006 6.600 257.797 8.550
202009 6.376 260.280 8.181
202012 6.335 260.474 8.122
202103 6.535 264.877 8.239
202106 6.579 271.696 8.087
202109 6.622 274.310 8.062
202112 5.885 278.802 7.049
202203 6.338 287.504 7.362
202206 6.569 296.311 7.403
202209 7.567 296.808 8.514
202212 7.873 296.797 8.859
202303 8.324 301.836 9.210
202306 9.433 305.109 10.325
202309 10.498 307.789 11.390
202312 11.101 306.746 12.086
202403 11.130 312.332 11.900
202406 11.562 314.175 12.290
202409 4.169 315.301 4.416
202412 4.205 315.605 4.449
202503 8.863 319.799 9.255
202506 8.128 322.561 8.415
202509 8.805 324.800 9.053
202512 7.759 324.054 7.996
202603 6.818 330.213 6.895
202606 6.231 333.952 6.231

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 1.15 mean?
Wabash National (STU:WA9) has a Cyclically Adjusted PB Ratio of 1.15 as of Aug. 24, 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 Wabash National and its competitors. This is 54% below median its historical median of 2.52. Over the past decade, Wabash National's Cyclically Adjusted PB Ratio has ranged from 0.68 to 5.07. According to the industry distribution chart, Wabash National ranks #60 out of 160 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 37.5%.
Is Wabash National's Cyclically Adjusted PB Ratio too high?
Wabash National's current Cyclically Adjusted PB Ratio of 1.15 is 54% below median its 10-year median of 2.52. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 5.07. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.51. Wabash National's value of 1.15 is 23.6% below this industry median. Based on the distribution chart, Wabash National ranks #60 out of 160 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Wabash National has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wabash National's Cyclically Adjusted PB Ratio compare to TWI and MTW?
According to the Farm & Heavy Construction Machinery industry distribution chart, Wabash National ranks #60 out of 160 companies for Cyclically Adjusted PB Ratio. This puts Wabash National in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Wabash National's value of 1.15 is 23.6% below this benchmark. Historically, Wabash National's own Cyclically Adjusted PB Ratio has ranged from 0.68 to 5.07 over the past decade. While the company's 10-year median is 2.52 vs. the industry median of 1.51, Wabash National has consistently been below 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.51, based on 160 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. Wabash National's current Cyclically Adjusted PB Ratio of 1.15 is 23.6% below 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 Wabash National and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wabash National's current Cyclically Adjusted PB Ratio is 1.15, which is 54% below median its own 10-year median of 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wabash National stock overvalued right now?
Based on GuruFocus' analysis, Wabash National (STU:WA9) is currently considered Modestly Undervalued. The stock's GF Value™ is €11.47, compared to a current price of €10.30 — trading 10.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.15, which is 54% below median its 10-year median of 2.52 and 23.6% below the Farm & Heavy Construction Machinery industry median of 1.51. Wabash National's overall GF Score™ is 68/100 with 7 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 Wabash National (STU:WA9), the current Cyclically Adjusted PB Ratio is 1.15 as of Aug. 24, 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 Wabash National (STU:WA9) Overvalued in 2026?

Based on GuruFocus' analysis, Wabash National stock appears to be undervalued. The current stock price of €10.30 is trading 10.2% below its estimated GF Value™ of €11.47. GuruFocus considers Wabash National to be Modestly Undervalued.

Key valuation signals for STU:WA9:

  • Cyclically Adjusted PB Ratio: 1.15 (54% below median its 10-year median of 2.52)
  • GF Value™: €11.47 vs. price of €10.30 (10.2% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 23.6% below the Farm & Heavy Construction Machinery median (#60 of 160)

No single metric tells the full story. See the STU:WA9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wabash National Business Description

Other Exchanges WNC:USA0LSO:UK
Address 3900 McCarty Lane, Lafayette, IN, USA, 47905
Wabash National Corp operates as the innovation leader of connected solutions for the transportation, logistics, and distribution industries. The Company manages its business in two operating and reportable segments: Transportation Solutions and Parts & Services. It designs and manufactures products including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food-grade processing equipment.
68GF Score

Get the complete analysis for STU:WA9

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

€10.30
Price
€11.47
GF Value