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Technogym SpATCCHF 76 Cyclically Adjusted PB Ratio is 18.75 as of Jul. 18, 2026, which is 112% above its 10-year median of 8.84. GuruFocus rates TCCHF with a GF Score™ of 76/100 and a GF Value™ of $10.96 (Significantly Overvalued). Among 647 Travel & Leisure companies, Technogym SpA ranks worse than 95.21% on this metric.
The historical rank and industry rank for Technogym SpA's Cyclically Adjusted PB Ratio or its related term are showing as below:
TCCHF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.44 Med: 8.84 Max: 14.6
Current: 10.14
During the past 13 years, Technogym SpA's highest Cyclically Adjusted PB Ratio was 14.60. The lowest was 7.44. And the median was 8.84.
TCCHF's Cyclically Adjusted PB Ratio is ranked worse than 95.21% of 647
companies
in the Travel & Leisure industry
Industry Median: 1.23
vs TCCHF: 10.14
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.
Technogym SpA's adjusted book value per share data of for the fiscal year that ended in Dec25 was $1.959. 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 $1.28 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Technogym SpA (OTCPK:TCCHF) 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.
Technogym SpA Cyclically Adjusted PB Ratio Related Terms
Technogym SpA Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Technogym SpA'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.
TCCHF vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison
For the Leisure subindustry, Technogym SpA'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.
Technogym SpA Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Technogym SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Technogym SpA's Cyclically Adjusted PB Ratio falls into.
Technogym SpA 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.
Technogym SpA's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 18.75 mean?
Technogym SpA (TCCHF) has a Cyclically Adjusted PB Ratio of 18.75 as of Jul. 18, 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 Technogym SpA and its competitors. This is 112% above median its historical median of 8.84. Over the past decade, Technogym SpA's Cyclically Adjusted PB Ratio has ranged from 7.44 to 14.60. According to the industry distribution chart, Technogym SpA ranks #616 out of 647 companies in the Travel & Leisure industry, placing it in the top 95.2%.
Is Technogym SpA's Cyclically Adjusted PB Ratio too high?
Technogym SpA's current Cyclically Adjusted PB Ratio of 18.75 is 112% above median its 10-year median of 8.84. Over the past 10 years, this metric has ranged from a low of 7.44 to a high of 14.60. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Technogym SpA's value of 18.75 is 1424.4% above this industry median. Based on the distribution chart, Technogym SpA ranks #616 out of 647 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Technogym SpA has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Technogym SpA's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Technogym SpA ranks #616 out of 647 companies for Cyclically Adjusted PB Ratio. This places Technogym SpA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Technogym SpA's value of 18.75 is 1424.4% above this benchmark. Historically, Technogym SpA's own Cyclically Adjusted PB Ratio has ranged from 7.44 to 14.60 over the past decade. While the company's 10-year median is 8.84 vs. the industry median of 1.23, Technogym SpA 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.23, based on 647 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. Technogym SpA's current Cyclically Adjusted PB Ratio of 18.75 is 1424.4% 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 Technogym SpA and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technogym SpA's current Cyclically Adjusted PB Ratio is 18.75, which is 112% above median its own 10-year median of 8.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technogym SpA stock overvalued right now?
Based on GuruFocus' analysis, Technogym SpA (TCCHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.96, compared to a current price of $24.00 — trading 119% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 18.75, which is 112% above median its 10-year median of 8.84 and 1424.4% above the Travel & Leisure industry median of 1.23. Technogym SpA's overall GF Score™ is 76/100. 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 Technogym SpA (TCCHF), the current Cyclically Adjusted PB Ratio is 18.75 as of Jul. 18, 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 Technogym SpA (TCCHF) Overvalued in 2026?
Based on GuruFocus' analysis, Technogym SpA stock appears to be overvalued.
The current stock price of $24.00 is trading 119% above its estimated GF Value™ of $10.96.
GuruFocus considers Technogym SpA to be Significantly Overvalued.
Key valuation signals for TCCHF:
Cyclically Adjusted PB Ratio: 18.75 (112% above median its 10-year median of 8.84)
GF Value™: $10.96 vs. price of $24.00 (119% above fair value)
Industry Position: 1424.4% above the Travel & Leisure median (#616 of 647)
No single metric tells the full story. See the TCCHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to the specific needs of end users and professional operators. The company offers a range of wellness, physical exercise, and rehabilitation solutions to the segments of the fitness equipment market and the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, Americas, MEIA, and Italy.
76GF Score
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