THFWF (Thorpe (F W)) Cyclically Adjusted PB Ratio: 2.39 (As of Jul. 15, 2026) — 39% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

THFWF Thorpe (F W) PLC THFWF
88 GF Score
Price $3.85
GF Value $4.98
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Thorpe (F W) Cyclically Adjusted PB Ratio?

Thorpe (F W) THFWF 88 Cyclically Adjusted PB Ratio is 2.39 as of Jul. 15, 2026, which is 39% below its 10-year median of 3.95. GuruFocus rates THFWF with a GF Score™ of 88/100 and a GF Value™ of $4.98 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,296 Industrial Products companies, Thorpe (F W) ranks better than 56.36% on this metric.

As of today (2026-07-15), Thorpe (F W)'s current share price is $3.85. Thorpe (F W)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was $1.61. Thorpe (F W)'s Cyclically Adjusted PB Ratio for today is 2.39.

The historical rank and industry rank for Thorpe (F W)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

THFWF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.75   Med: 3.95   Max: 6.96
Current: 1.89

During the past 13 years, Thorpe (F W)'s highest Cyclically Adjusted PB Ratio was 6.96. The lowest was 1.75. And the median was 3.95.

THFWF's Cyclically Adjusted PB Ratio is ranked better than
56.36% of 2296 companies
in the Industrial Products industry
Industry Median: 2.215 vs THFWF: 1.89

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.

Thorpe (F W)'s adjusted book value per share data of for the fiscal year that ended in Jun25 was $2.215. 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 $1.61 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thorpe (F W)  (OTCPK:THFWF) 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.


Thorpe (F W) Cyclically Adjusted PB Ratio Related Terms


Thorpe (F W) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thorpe (F W)'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.

Thorpe (F W) Cyclically Adjusted PB Ratio Chart

Thorpe (F W) Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.82 3.66 3.19 2.66 2.32

Thorpe (F W) Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 2.66 0.00 2.32 0.00

THFWF vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Thorpe (F W)'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.


Thorpe (F W) Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thorpe (F W)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Thorpe (F W)'s Cyclically Adjusted PB Ratio falls into.


THFWF
88GF Score
Thorpe (F W) PLC THFWF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thorpe (F W) 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.

Thorpe (F W)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.85/1.61
=2.39

* 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.

Thorpe (F W)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Thorpe (F W)'s adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=2.215/138.4000*138.4000
=2.215

Current CPI (Jun25) = 138.4000.

Thorpe (F W) Annual Data

Book Value per Share CPI Adj_Book
201606 1.114 101.000 1.527
201706 1.121 103.500 1.499
201806 1.287 105.900 1.682
201906 1.333 107.900 1.710
202006 1.380 108.800 1.755
202106 1.647 111.400 2.046
202206 1.529 120.500 1.756
202306 1.727 129.400 1.847
202406 1.917 133.000 1.995
202506 2.215 138.400 2.215

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 2.39 mean?
Thorpe (F W) (THFWF) has a Cyclically Adjusted PB Ratio of 2.39 as of Jul. 15, 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 Thorpe (F W) and its competitors. This is 39% below median its historical median of 3.95. Over the past decade, Thorpe (F W)'s Cyclically Adjusted PB Ratio has ranged from 1.75 to 6.96. According to the industry distribution chart, Thorpe (F W) ranks #1002 out of 2296 companies in the Industrial Products industry, placing it in the top 43.6%.
Is Thorpe (F W)'s Cyclically Adjusted PB Ratio too high?
Thorpe (F W)'s current Cyclically Adjusted PB Ratio of 2.39 is 39% below median its 10-year median of 3.95. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 6.96. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.22. Thorpe (F W)'s value of 2.39 is 7.9% above this industry median. Based on the distribution chart, Thorpe (F W) ranks #1002 out of 2296 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Thorpe (F W) has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thorpe (F W)'s Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Thorpe (F W) ranks #1002 out of 2296 companies for Cyclically Adjusted PB Ratio. This puts Thorpe (F W) in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.22. Thorpe (F W)'s value of 2.39 is 7.9% above this benchmark. Historically, Thorpe (F W)'s own Cyclically Adjusted PB Ratio has ranged from 1.75 to 6.96 over the past decade. While the company's 10-year median is 3.95 vs. the industry median of 2.22, Thorpe (F W) 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.22, based on 2,296 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. Thorpe (F W)'s current Cyclically Adjusted PB Ratio of 2.39 is 7.9% 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 Thorpe (F W) and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thorpe (F W)'s current Cyclically Adjusted PB Ratio is 2.39, which is 39% below median its own 10-year median of 3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thorpe (F W) stock overvalued right now?
Based on GuruFocus' analysis, Thorpe (F W) (THFWF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.98, compared to a current price of $3.85 — trading 22.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.39, which is 39% below median its 10-year median of 3.95 and 7.9% above the Industrial Products industry median of 2.22. Thorpe (F W)'s overall GF Score™ is 88/100 with 2 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 Thorpe (F W) (THFWF), the current Cyclically Adjusted PB Ratio is 2.39 as of Jul. 15, 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 Thorpe (F W) (THFWF) Overvalued in 2026?

Based on GuruFocus' analysis, Thorpe (F W) stock appears to be undervalued. The current stock price of $3.85 is trading 22.7% below its estimated GF Value™ of $4.98. GuruFocus considers Thorpe (F W) to be Modestly Undervalued.

Key valuation signals for THFWF:

  • Cyclically Adjusted PB Ratio: 2.39 (39% below median its 10-year median of 3.95)
  • GF Value™: $4.98 vs. price of $3.85 (22.7% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 7.9% above the Industrial Products median (#1002 of 2296)

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


Thorpe (F W) Business Description

Other Exchanges TFWl:UKTFW:UK
Address Merse Road, North Moons Moat, Redditch, Worcestershire, GBR, B98 9HH
Thorpe (F W) PLC is engaged in the designing, manufacturing, and supply of professional lighting equipment. It is organized in various operating segments based on the products and customer base in the lighting market: Philip Payne Limited, Solite Europe Limited, Portland Lighting Limited, TRT Lighting Limited, Thorlux Lighting L.L.C., Thorlux Australasia Pty Limited, Thorlux Lighting GmbH, Lightronics Participaties B.V. amd Zemper Group. The majority of its revenue is obtained from the Thorlux segment from its United Kingdom region. It also has operations in the Netherlands, Germany, the rest of Europe and the rest of the world.
88GF Score

Get the complete analysis for THFWF

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

$3.85
Price
$4.98
GF Value