TNTFF (PostNL NV) Cyclically Adjusted PB Ratio: 4.73 (As of Jul. 19, 2026) — 98% Above Median

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TNTFF PostNL NV TNTFF
75 GF Score
Price $1.13
GF Value $1.34
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PostNL NV Cyclically Adjusted PB Ratio?

PostNL NV TNTFF 75 Cyclically Adjusted PB Ratio is 4.73 as of Jul. 19, 2026, which is 98% above its 10-year median of 2.39. GuruFocus rates TNTFF with a GF Score™ of 75/100 and a GF Value™ of $1.34 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 738 Transportation companies, PostNL NV ranks worse than 87.94% on this metric.

As of today (2026-07-19), PostNL NV's current share price is $1.1348. PostNL NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $0.24. PostNL NV's Cyclically Adjusted PB Ratio for today is 4.73.

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

TNTFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.33   Med: 2.39   Max: 124.1
Current: 4.18

During the past years, PostNL NV's highest Cyclically Adjusted PB Ratio was 124.10. The lowest was 1.33. And the median was 2.39.

TNTFF's Cyclically Adjusted PB Ratio is ranked worse than
87.94% of 738 companies
in the Transportation industry
Industry Median: 1.235 vs TNTFF: 4.18

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.

PostNL NV's adjusted book value per share data for the three months ended in Dec. 2025 was $0.405. 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 $0.24 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PostNL NV  (OTCPK:TNTFF) 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.


PostNL NV Cyclically Adjusted PB Ratio Related Terms


PostNL NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PostNL 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.

PostNL NV Cyclically Adjusted PB Ratio Chart

PostNL 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 0.00 0.00 0.00 16.69 4.87

PostNL NV Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 16.69 8.53 6.10 5.40 4.87

TNTFF vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, PostNL 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.


PostNL NV Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, PostNL NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TNTFF
75GF Score
PostNL NV TNTFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PostNL 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.

PostNL NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.1348/0.24
=4.73

* 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.

PostNL NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, PostNL NV's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.405/135.2700*135.2700
=0.405

Current CPI (Dec. 2025) = 135.2700.

PostNL NV Quarterly Data

Book Value per Share CPI Adj_Book
201603 -0.488 100.310 -0.658
201606 -0.449 100.260 -0.606
201609 -0.479 100.570 -0.644
201612 -0.188 100.710 -0.253
201703 -0.077 101.440 -0.103
201706 -0.042 101.370 -0.056
201709 -0.208 102.030 -0.276
201712 0.089 101.970 0.118
201803 0.158 102.470 0.209
201806 0.033 103.100 0.043
201809 -0.065 103.950 -0.085
201812 0.112 103.970 0.146
201903 0.111 105.370 0.142
201906 -0.016 105.840 -0.020
201909 -0.058 106.700 -0.074
201912 -0.047 106.800 -0.060
202003 -0.022 106.850 -0.028
202006 0.064 107.510 0.081
202009 0.136 107.880 0.171
202012 0.519 107.850 0.651
202103 0.864 108.870 1.074
202106 0.810 109.670 0.999
202109 0.779 110.790 0.951
202112 0.938 114.010 1.113
202203 0.933 119.460 1.056
202206 0.408 119.050 0.464
202209 0.266 126.890 0.284
202212 0.385 124.940 0.417
202303 0.400 124.720 0.434
202306 0.407 125.830 0.438
202309 0.341 127.160 0.363
202312 0.437 126.450 0.467
202403 0.398 128.580 0.419
202406 0.393 129.910 0.409
202409 0.332 131.610 0.341
202412 0.421 131.630 0.433
202503 0.413 133.330 0.419
202506 0.342 133.960 0.345
202509 0.295 135.920 0.294
202512 0.405 135.270 0.405

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 4.73 mean?
PostNL NV (TNTFF) has a Cyclically Adjusted PB Ratio of 4.73 as of Jul. 19, 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 PostNL NV and its competitors. This is 98% above median its historical median of 2.39. Over the past decade, PostNL NV's Cyclically Adjusted PB Ratio has ranged from 1.33 to 124.10. According to the industry distribution chart, PostNL NV ranks #649 out of 738 companies in the Transportation industry, placing it in the top 87.9%.
Is PostNL NV's Cyclically Adjusted PB Ratio too high?
PostNL NV's current Cyclically Adjusted PB Ratio of 4.73 is 98% above median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 124.10. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. PostNL NV's value of 4.73 is 283% above this industry median. Based on the distribution chart, PostNL NV ranks #649 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PostNL NV has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PostNL NV's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, PostNL NV ranks #649 out of 738 companies for Cyclically Adjusted PB Ratio. This places PostNL NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. PostNL NV's value of 4.73 is 283% above this benchmark. Historically, PostNL NV's own Cyclically Adjusted PB Ratio has ranged from 1.33 to 124.10 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 1.24, PostNL NV 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 738 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. PostNL NV's current Cyclically Adjusted PB Ratio of 4.73 is 283% 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 PostNL NV and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PostNL NV's current Cyclically Adjusted PB Ratio is 4.73, which is 98% above median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PostNL NV stock overvalued right now?
Based on GuruFocus' analysis, PostNL NV (TNTFF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.34, compared to a current price of $1.13 — trading 15.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.73, which is 98% above median its 10-year median of 2.39 and 283% above the Transportation industry median of 1.24. PostNL NV's overall GF Score™ is 75/100 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 PostNL NV (TNTFF), the current Cyclically Adjusted PB Ratio is 4.73 as of Jul. 19, 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 PostNL NV (TNTFF) Overvalued in 2026?

Based on GuruFocus' analysis, PostNL NV stock appears to be undervalued. The current stock price of $1.13 is trading 15.3% below its estimated GF Value™ of $1.34. GuruFocus considers PostNL NV to be Modestly Undervalued.

Key valuation signals for TNTFF:

  • Cyclically Adjusted PB Ratio: 4.73 (98% above median its 10-year median of 2.39)
  • GF Value™: $1.34 vs. price of $1.13 (15.3% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 283% above the Transportation median (#649 of 738)

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


PostNL NV Business Description

Address Waldorpstraat 3, The Hague, NLD, 2521 CA
PostNL NV provides businesses and consumers in the Benelux with an extensive range of services for their mail and parcel needs. Through its international sales network, Spring connects local businesses with consumers globally. PostNL's services include collecting, sorting, transporting, and delivering letters and parcels for its customers within specified timeframes. The company also provides services in the area of data management, direct marketing, and fulfilment. It reports two operating segments: Parcels and Mail in the Netherlands, and one other segment: PostNL Other. The majority of its revenue is generated from the Parcels segment. Geographically, the company earns maximum revenue from the Netherlands, with the remainder coming from the rest of Europe and other markets.
75GF Score

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

$1.13
Price
$1.34
GF Value