TGLS (Tecnoglass) Cyclically Adjusted PB Ratio: 5.70 (As of Jul. 06, 2026) — 32% Below Median


TGLS Tecnoglass Inc TGLS
81 GF Score
Price $45.62
GF Value $67.76
Valuation Possible Value Trap
! 3 Warning Signs
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What is Tecnoglass Cyclically Adjusted PB Ratio?

Tecnoglass TGLS -2.87% 81 Cyclically Adjusted PB Ratio is 5.70 as of Jul. 06, 2026, which is 32% below its 10-year median of 8.34. GuruFocus rates TGLS with a GF Score™ of 81/100 and a GF Value™ of $67.76 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 325 Building Materials companies, Tecnoglass ranks worse than 90.15% on this metric.

As of today (2026-07-06), Tecnoglass's current share price is $45.62. Tecnoglass's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $8.01. Tecnoglass's Cyclically Adjusted PB Ratio for today is 5.70.

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

TGLS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.05   Med: 8.34   Max: 14.36
Current: 5.7

During the past years, Tecnoglass's highest Cyclically Adjusted PB Ratio was 14.36. The lowest was 4.05. And the median was 8.34.

TGLS's Cyclically Adjusted PB Ratio is ranked worse than
90.15% of 325 companies
in the Building Materials industry
Industry Median: 1.1 vs TGLS: 5.70

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.

Tecnoglass's adjusted book value per share data for the three months ended in Mar. 2026 was $16.572. 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 $8.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tecnoglass  (NYSE:TGLS) 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.


Tecnoglass Cyclically Adjusted PB Ratio Related Terms


Tecnoglass Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tecnoglass'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.

Tecnoglass Cyclically Adjusted PB Ratio Chart

Tecnoglass 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 6.85 6.67 9.11 12.97 6.70

Tecnoglass Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 11.09 11.37 9.32 6.70 5.56

TGLS vs RMIX, MCEM, USLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Tecnoglass'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.


Tecnoglass Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tecnoglass's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TGLS
81GF Score
Tecnoglass Inc TGLS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tecnoglass 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.

Tecnoglass's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.62/8.01
=5.70

* 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.

Tecnoglass's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tecnoglass's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=16.572/330.2130*330.2130
=16.572

Current CPI (Mar. 2026) = 330.2130.

Tecnoglass Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.806 241.018 3.844
201609 3.175 241.428 4.343
201612 3.424 241.432 4.683
201703 3.588 243.801 4.860
201706 3.291 244.955 4.436
201709 3.555 246.819 4.756
201712 3.452 246.524 4.624
201803 3.924 249.554 5.192
201806 3.852 251.989 5.048
201809 3.897 252.439 5.098
201812 3.475 251.233 4.567
201903 3.978 254.202 5.167
201906 4.025 256.143 5.189
201909 3.695 256.759 4.752
201912 4.046 256.974 5.199
202003 3.106 258.115 3.974
202006 3.581 257.797 4.587
202009 3.580 260.280 4.542
202012 4.362 260.474 5.530
202103 4.267 264.877 5.320
202106 4.618 271.696 5.613
202109 4.945 274.310 5.953
202112 5.115 278.802 6.058
202203 5.828 287.504 6.694
202206 6.000 296.311 6.686
202209 6.545 296.808 7.282
202212 7.317 296.797 8.141
202303 8.364 301.836 9.150
202306 9.983 305.109 10.804
202309 10.907 307.789 11.702
202312 11.661 306.746 12.553
202403 12.206 312.332 12.905
202406 12.231 314.175 12.855
202409 13.050 315.301 13.667
202412 13.432 315.605 14.054
202503 14.580 319.799 15.055
202506 15.664 322.561 16.036
202509 16.405 324.800 16.678
202512 15.938 324.054 16.241
202603 16.572 330.213 16.572

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 5.70 mean?
Tecnoglass (TGLS) has a Cyclically Adjusted PB Ratio of 5.70 as of Jul. 06, 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 Tecnoglass and its competitors. This is 32% below median its historical median of 8.34. Over the past decade, Tecnoglass' Cyclically Adjusted PB Ratio has ranged from 4.05 to 14.36. According to the industry distribution chart, Tecnoglass ranks #293 out of 325 companies in the Building Materials industry, placing it in the top 90.2%.
Is Tecnoglass' Cyclically Adjusted PB Ratio too high?
Tecnoglass' current Cyclically Adjusted PB Ratio of 5.70 is 32% below median its 10-year median of 8.34. Over the past 10 years, this metric has ranged from a low of 4.05 to a high of 14.36. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.10. Tecnoglass' value of 5.70 is 418.2% above this industry median. Based on the distribution chart, Tecnoglass ranks #293 out of 325 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Tecnoglass has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tecnoglass' Cyclically Adjusted PB Ratio compare to RMIX and MCEM?
According to the Building Materials industry distribution chart, Tecnoglass ranks #293 out of 325 companies for Cyclically Adjusted PB Ratio. This places Tecnoglass in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.10. Tecnoglass' value of 5.70 is 418.2% above this benchmark. Historically, Tecnoglass' own Cyclically Adjusted PB Ratio has ranged from 4.05 to 14.36 over the past decade. While the company's 10-year median is 8.34 vs. the industry median of 1.10, Tecnoglass 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 Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 1.10, based on 325 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. Tecnoglass's current Cyclically Adjusted PB Ratio of 5.70 is 418.2% 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 Tecnoglass and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tecnoglass's current Cyclically Adjusted PB Ratio is 5.70, which is 32% below median its own 10-year median of 8.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecnoglass stock overvalued right now?
Based on GuruFocus' analysis, Tecnoglass (TGLS) is currently considered Possible Value Trap. The stock's GF Value™ is $67.76, compared to a current price of $45.62 — trading 32.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.70, which is 32% below median its 10-year median of 8.34 and 418.2% above the Building Materials industry median of 1.10. Tecnoglass' overall GF Score™ is 81/100 with 3 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 Tecnoglass (TGLS), the current Cyclically Adjusted PB Ratio is 5.70 as of Jul. 06, 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 Tecnoglass (TGLS) Overvalued in 2026?

Based on GuruFocus' analysis, Tecnoglass stock appears to be undervalued. The current stock price of $45.62 is trading 32.7% below its estimated GF Value™ of $67.76. GuruFocus considers Tecnoglass to be Possible Value Trap.

Key valuation signals for TGLS:

  • Cyclically Adjusted PB Ratio: 5.70 (32% below median its 10-year median of 8.34)
  • GF Value™: $67.76 vs. price of $45.62 (32.7% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 418.2% above the Building Materials median (#293 of 325)

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


Tecnoglass Business Description

Other Exchanges 7FH:Germany
Address Avenida Circunvalar a 100 mts de la Via 40, Barrio Las Flores, Barranquilla, COL
Tecnoglass Inc is a manufacturer of hi-spec architectural glass and windows for residential and commercial construction industries, operating through its direct and indirect subsidiaries. Its product offerings include tempered glass, laminated glass, thermo-acoustic glass, sliding windows, projecting windows, guillotine windows, sliding doors, loating facades, automatic doors, bathroom dividers, and commercial display windows, among others. The company has one operating segment, Architectural Glass and Windows, which is also its reporting segment. Geographically, the company generates maximum revenue from its customers in the United States, followed by Colombia, Panama, and other regions.
81GF Score

Get the complete analysis for TGLS

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

$45.62
Price
$67.76
GF Value