TKAMY (thyssenkrupp AG) Cyclically Adjusted PB Ratio: 1.10 (As of Aug. 26, 2026) — 31% Above Median

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TKAMY thyssenkrupp AG TKAMY
54 GF Score
Price $16.74
GF Value $5.32
Valuation Significantly Overvalued
! 7 Warning Signs
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What is thyssenkrupp AG Cyclically Adjusted PB Ratio?

thyssenkrupp AG TKAMY +4.89% 54 Cyclically Adjusted PB Ratio is 1.10 as of Aug. 26, 2026, which is 31% above its 10-year median of 0.84. GuruFocus rates TKAMY with a GF Score™ of 54/100 and a GF Value™ of $5.32 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 428 Conglomerates companies, thyssenkrupp AG ranks worse than 50.47% on this metric.

As of today (2026-08-26), thyssenkrupp AG's current share price is $16.74. thyssenkrupp AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $15.17. thyssenkrupp AG's Cyclically Adjusted PB Ratio for today is 1.10.

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

TKAMY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.84   Max: 1.8
Current: 1.03

During the past years, thyssenkrupp AG's highest Cyclically Adjusted PB Ratio was 1.80. The lowest was 0.20. And the median was 0.84.

TKAMY's Cyclically Adjusted PB Ratio is ranked worse than
50.47% of 428 companies
in the Conglomerates industry
Industry Median: 1.01 vs TKAMY: 1.03

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.

thyssenkrupp AG's adjusted book value per share data for the three months ended in Jun. 2026 was $17.981. 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 $15.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


thyssenkrupp AG  (OTCPK:TKAMY) 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.


thyssenkrupp AG Cyclically Adjusted PB Ratio Related Terms


thyssenkrupp AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for thyssenkrupp AG'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.

thyssenkrupp AG Cyclically Adjusted PB Ratio Chart

thyssenkrupp AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.40 0.54 0.23 0.70

thyssenkrupp AG 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 0.56 0.70 0.73 0.57 0.78

TKAMY vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, thyssenkrupp AG'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.


thyssenkrupp AG Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, thyssenkrupp AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TKAMY
54GF Score
thyssenkrupp AG TKAMY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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thyssenkrupp AG 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.

thyssenkrupp AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.74/15.17
=1.10

* 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.

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

For example, thyssenkrupp AG'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)
=17.981/131.3638*131.3638
=17.981

Current CPI (Jun. 2026) = 131.3638.

thyssenkrupp AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.169 101.017 5.421
201612 5.135 101.217 6.664
201703 3.381 101.417 4.379
201706 3.464 102.117 4.456
201709 5.531 102.717 7.074
201712 5.258 102.617 6.731
201803 5.645 102.917 7.205
201806 5.373 104.017 6.786
201809 5.125 104.718 6.429
201812 5.373 104.217 6.773
201903 4.716 104.217 5.944
201906 3.659 105.718 4.547
201909 3.098 106.018 3.839
201912 2.625 105.818 3.259
202003 1.337 105.718 1.661
202006 -0.751 106.618 -0.925
202009 18.561 105.818 23.042
202012 18.621 105.518 23.182
202103 19.077 107.518 23.308
202106 19.988 108.486 24.203
202109 19.654 109.435 23.592
202112 19.904 110.384 23.687
202203 21.705 113.968 25.018
202206 23.081 115.760 26.192
202209 22.587 118.818 24.972
202212 23.751 119.345 26.143
202303 23.185 122.402 24.882
202306 23.375 123.140 24.936
202309 20.294 124.195 21.465
202312 18.880 123.773 20.038
202403 18.805 125.038 19.756
202406 18.856 125.882 19.677
202409 17.085 126.198 17.784
202412 16.173 127.041 16.723
202503 17.036 127.779 17.514
202506 16.836 128.412 17.223
202509 18.414 129.255 18.714
202512 17.245 129.361 17.512
202603 17.007 131.258 17.021
202606 17.981 131.364 17.981

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 1.10 mean?
thyssenkrupp AG (TKAMY) has a Cyclically Adjusted PB Ratio of 1.10 as of Aug. 26, 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 thyssenkrupp AG and its competitors. This is 31% above median its historical median of 0.84. Over the past decade, thyssenkrupp AG's Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.80. According to the industry distribution chart, thyssenkrupp AG ranks #216 out of 428 companies in the Conglomerates industry, placing it in the top 50.5%.
Is thyssenkrupp AG's Cyclically Adjusted PB Ratio too high?
thyssenkrupp AG's current Cyclically Adjusted PB Ratio of 1.10 is 31% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.80. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. thyssenkrupp AG's value of 1.10 is 8.9% above this industry median. Based on the distribution chart, thyssenkrupp AG ranks #216 out of 428 companies in the Conglomerates industry, which is below the industry midpoint. Overall, thyssenkrupp AG has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does thyssenkrupp AG's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, thyssenkrupp AG ranks #216 out of 428 companies for Cyclically Adjusted PB Ratio. This places thyssenkrupp AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. thyssenkrupp AG's value of 1.10 is 8.9% above this benchmark. Historically, thyssenkrupp AG's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.80 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.01, thyssenkrupp AG 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 428 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. thyssenkrupp AG's current Cyclically Adjusted PB Ratio of 1.10 is 8.9% 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 thyssenkrupp AG and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. thyssenkrupp AG's current Cyclically Adjusted PB Ratio is 1.10, which is 31% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is thyssenkrupp AG stock overvalued right now?
Based on GuruFocus' analysis, thyssenkrupp AG (TKAMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.32, compared to a current price of $16.74 — trading 214.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is 31% above median its 10-year median of 0.84 and 8.9% above the Conglomerates industry median of 1.01. thyssenkrupp AG's overall GF Score™ is 54/100 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 thyssenkrupp AG (TKAMY), the current Cyclically Adjusted PB Ratio is 1.10 as of Aug. 26, 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 thyssenkrupp AG (TKAMY) Overvalued in 2026?

Based on GuruFocus' analysis, thyssenkrupp AG stock appears to be overvalued. The current stock price of $16.74 is trading 214.7% above its estimated GF Value™ of $5.32. GuruFocus considers thyssenkrupp AG to be Significantly Overvalued.

Key valuation signals for TKAMY:

  • Cyclically Adjusted PB Ratio: 1.10 (31% above median its 10-year median of 0.84)
  • GF Value™: $5.32 vs. price of $16.74 (214.7% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 8.9% above the Conglomerates median (#216 of 428)

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


thyssenkrupp AG Business Description

Address ThyssenKrupp Allee 1, Essen, NW, DEU, 45143
thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automotive Technology, Steel Europe, and Marine Systems. Automotive Technology is one of the German suppliers and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius, and the majority investment in thyssenkrupp Nucera. Material Services includes the distribution of mill-independent materials, distributors, and services. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. it generates the majority of Revenue from Materials Services.
54GF Score

Get the complete analysis for TKAMY

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

$16.74
Price
$5.32
GF Value