TSDOF (Tessenderlo Group NV) Cyclically Adjusted PB Ratio: 0.98 (As of Jul. 12, 2026) — 44% Below Median


TSDOF Tessenderlo Group NV TSDOF
62 GF Score
Price $25.18
GF Value $30.64
! 5 Warning Signs
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What is Tessenderlo Group NV Cyclically Adjusted PB Ratio?

Tessenderlo Group NV TSDOF 62 Cyclically Adjusted PB Ratio is 0.98 as of Jul. 12, 2026, which is 44% below its 10-year median of 1.76. GuruFocus rates TSDOF with a GF Score™ of 62/100 and a GF Value™ of $30.64. The stock has 5 warning signs investors should review. Among 201 Agriculture companies, Tessenderlo Group NV ranks better than 75.12% on this metric.

As of today (2026-07-12), Tessenderlo Group NV's current share price is $25.18. Tessenderlo Group NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $25.73. Tessenderlo Group NV's Cyclically Adjusted PB Ratio for today is 0.98.

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

TSDOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.76   Max: 2.55
Current: 0.75

During the past 13 years, Tessenderlo Group NV's highest Cyclically Adjusted PB Ratio was 2.55. The lowest was 0.74. And the median was 1.76.

TSDOF's Cyclically Adjusted PB Ratio is ranked better than
75.12% of 201 companies
in the Agriculture industry
Industry Median: 1.39 vs TSDOF: 0.75

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.

Tessenderlo Group NV's adjusted book value per share data of for the fiscal year that ended in Dec25 was $33.543. 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 $25.73 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tessenderlo Group NV  (OTCPK:TSDOF) 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.


Tessenderlo Group NV Cyclically Adjusted PB Ratio Related Terms


Tessenderlo Group NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tessenderlo Group 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.

Tessenderlo Group NV Cyclically Adjusted PB Ratio Chart

Tessenderlo Group 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 2.03 1.66 1.25 0.76 0.98

Tessenderlo Group NV 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 1.25 0.00 0.76 0.00 0.98

TSDOF vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Tessenderlo Group 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.


Tessenderlo Group NV Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Tessenderlo Group NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSDOF
62GF Score
Tessenderlo Group NV TSDOF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tessenderlo Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.18/25.73
=0.98

* 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.

Tessenderlo Group NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Tessenderlo Group NV's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=33.543/135.0710*135.0710
=33.543

Current CPI (Dec25) = 135.0710.

Tessenderlo Group NV Annual Data

Book Value per Share CPI Adj_Book
201612 14.810 102.614 19.494
201712 17.495 104.804 22.547
201812 19.380 107.252 24.407
201912 21.156 108.065 26.443
202012 25.456 108.511 31.687
202112 29.678 114.705 34.947
202212 34.435 126.578 36.746
202312 33.727 128.292 35.509
202412 32.824 132.346 33.500
202512 33.543 135.071 33.543

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 0.98 mean?
Tessenderlo Group NV (TSDOF) has a Cyclically Adjusted PB Ratio of 0.98 as of Jul. 12, 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 Tessenderlo Group NV and its competitors. This is 44% below median its historical median of 1.76. Over the past decade, Tessenderlo Group NV's Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.55. According to the industry distribution chart, Tessenderlo Group NV ranks #50 out of 201 companies in the Agriculture industry, placing it in the top 24.9%.
Is Tessenderlo Group NV's Cyclically Adjusted PB Ratio too high?
Tessenderlo Group NV's current Cyclically Adjusted PB Ratio of 0.98 is 44% below median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.55. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.39. Tessenderlo Group NV's value of 0.98 is 29.5% below this industry median. Based on the distribution chart, Tessenderlo Group NV ranks #50 out of 201 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Tessenderlo Group NV has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Tessenderlo Group NV's Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Tessenderlo Group NV ranks #50 out of 201 companies for Cyclically Adjusted PB Ratio. This places Tessenderlo Group NV in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.39. Tessenderlo Group NV's value of 0.98 is 29.5% below this benchmark. Historically, Tessenderlo Group NV's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.55 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.39, Tessenderlo Group NV has consistently been below 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 Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.39, based on 201 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. Tessenderlo Group NV's current Cyclically Adjusted PB Ratio of 0.98 is 29.5% below 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 Tessenderlo Group NV and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tessenderlo Group NV's current Cyclically Adjusted PB Ratio is 0.98, which is 44% below median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tessenderlo Group NV stock overvalued right now?
Tessenderlo Group NV (TSDOF) has a current Cyclically Adjusted PB Ratio of 0.98. The stock's GF Value™ is $30.64, compared to a current price of $25.18 — trading 17.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.98, which is 44% below median its 10-year median of 1.76 and 29.5% below the Agriculture industry median of 1.39. Tessenderlo Group NV's overall GF Score™ is 62/100 with 5 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 Tessenderlo Group NV (TSDOF), the current Cyclically Adjusted PB Ratio is 0.98 as of Jul. 12, 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 Tessenderlo Group NV (TSDOF) Overvalued in 2026?

Based on GuruFocus' analysis, Tessenderlo Group NV stock appears to be undervalued. The current stock price of $25.18 is trading 17.8% below its estimated GF Value™ of $30.64.

Key valuation signals for TSDOF:

  • Cyclically Adjusted PB Ratio: 0.98 (44% below median its 10-year median of 1.76)
  • GF Value™: $30.64 vs. price of $25.18 (17.8% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 29.5% below the Agriculture median (#50 of 201)

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


Tessenderlo Group NV Business Description

Address Troonstraat 130 Rue du Trone, Brussels, BEL, 1050
Tessenderlo Group NV focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and providing industrial solutions with a focus on water. The firm produces and sells products across five segments: Agro, Industrial Solutions, Bio-Valorization, T-Power, and Machines & Technologies. The majority of its revenue comes from the Agro segment. The Agro segment encompasses activities in agriculture, including crop nutrition and crop protection products. This segment includes the business units Tessenderlo Kerley North America, Tessenderlo Kerley International, and Violleau. Its geographical segments include Europe, North America, South America, Asia, and the rest of the world, with Europe generating the maximum revenue.
62GF 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.

$25.18
Price
$30.64
GF Value