ASTARTA Holding NV (STU:Z6J) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:Z6J ASTARTA Holding NV STU:Z6J
70 GF Score
Price €7.46
GF Value €8.34
Valuation Modestly Undervalued
! 9 Warning Signs
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What is ASTARTA Holding NV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ASTARTA Holding NV  (STU:Z6J) 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.


ASTARTA Holding NV Cyclically Adjusted PB Ratio Related Terms


ASTARTA Holding NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ASTARTA Holding 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.

ASTARTA Holding NV Cyclically Adjusted PB Ratio Chart

ASTARTA Holding 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 - - - 0.52 0.48

ASTARTA Holding NV 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 0.66 0.50 0.49 0.49 0.47

STU:Z6J vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, ASTARTA Holding 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.


ASTARTA Holding NV Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, ASTARTA Holding NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:Z6J
70GF Score
ASTARTA Holding NV STU:Z6J
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASTARTA Holding 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.

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

For example, ASTARTA Holding NV'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)
=21.471/333.9520*333.9520
=21.471

Current CPI (Jun. 2026) = 333.9520.

ASTARTA Holding NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.769 241.428 16.279
201612 14.472 241.432 20.018
201703 15.503 243.801 21.236
201706 16.803 244.955 22.908
201709 16.486 246.819 22.306
201712 14.389 246.524 19.492
201803 14.668 249.554 19.629
201806 17.015 251.989 22.549
201809 14.943 252.439 19.768
201812 15.048 251.233 20.003
201903 15.412 254.202 20.247
201906 17.250 256.143 22.490
201909 18.145 256.759 23.600
201912 18.048 256.974 23.454
202003 14.913 258.115 19.295
202006 16.219 257.797 21.010
202009 14.164 260.280 18.173
202012 13.876 260.474 17.790
202103 14.904 264.877 18.791
202106 18.208 271.696 22.380
202109 19.525 274.310 23.770
202112 20.418 278.802 24.457
202203 19.463 287.504 22.607
202206 21.674 296.311 24.427
202209 20.160 296.808 22.683
202212 20.175 296.797 22.701
202303 20.406 301.836 22.577
202306 21.406 305.109 23.430
202309 22.264 307.789 24.157
202312 20.489 306.746 22.306
202403 20.919 312.332 22.367
202406 21.234 314.175 22.571
202409 21.174 315.301 22.427
202412 22.454 315.605 23.759
202503 22.320 319.799 23.308
202506 21.394 322.561 22.150
202509 21.610 324.800 22.219
202512 22.617 324.054 23.308
202603 21.908 330.213 22.156
202606 21.471 333.952 21.471

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 ASTARTA Holding NV (STU:Z6J) Overvalued in 2026?

Based on GuruFocus' analysis, ASTARTA Holding NV stock appears to be undervalued. The current stock price of €7.46 is trading 10.6% below its estimated GF Value™ of €8.34. GuruFocus considers ASTARTA Holding NV to be Modestly Undervalued.

Key valuation signals for STU:Z6J:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €8.34 vs. price of €7.46 (10.6% below fair value)
  • GF Score™: 70/100 with 9 warning signs

No single metric tells the full story. See the STU:Z6J stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASTARTA Holding NV Business Description

Other Exchanges AST:Poland
Address 1, Lampousas street, Nicosia, CYP, 1095
ASTARTA Holding NV specializes in sugar production, crop growing, soybean processing and cattle farming. Its operations are vertically integrated, with sugar produced mainly using own-grown sugar beet and soybeans processed from in-house grown crops. Its production includes sugar and sugar by-products, grains and oilseeds, soybean crushing products and others. Its segments include production and wholesale distribution of sugar, growing and selling of grain and oilseeds crops, dairy cattle farming, and soybean processing. The agriculture segment generates maximum revenue. Its croplands, sugar and soybean processing plants, and cattle operations are mainly located in the Poltava, Vinnytsia, Khmelnytsky, Ternopil and Kharkiv oblasts of Ukraine, with maximum revenue generated from Ukraine.
70GF Score

Get the complete analysis for STU:Z6J

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

€7.46
Price
€8.34
GF Value