TTTRF (Treatt) Cyclically Adjusted PB Ratio: 1.69 (As of Jul. 22, 2026) — 71% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

TTTRF Treatt PLC TTTRF
68 GF Score
Price $3.50
GF Value $5.21
Valuation Significantly Undervalued
! 10 Warning Signs
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What is Treatt Cyclically Adjusted PB Ratio?

Treatt TTTRF 68 Cyclically Adjusted PB Ratio is 1.69 as of Jul. 22, 2026, which is 71% below its 10-year median of 5.82. GuruFocus rates TTTRF with a GF Score™ of 68/100 and a GF Value™ of $5.21 (Significantly Undervalued). The stock has 10 warning signs investors should review. Among 1,278 Chemicals companies, Treatt ranks better than 52.11% on this metric.

As of today (2026-07-22), Treatt's current share price is $3.50. Treatt's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 was $2.07. Treatt's Cyclically Adjusted PB Ratio for today is 1.69.

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

TTTRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 5.82   Max: 13.46
Current: 1.56

During the past 13 years, Treatt's highest Cyclically Adjusted PB Ratio was 13.46. The lowest was 0.96. And the median was 5.82.

TTTRF's Cyclically Adjusted PB Ratio is ranked better than
52.11% of 1278 companies
in the Chemicals industry
Industry Median: 1.665 vs TTTRF: 1.56

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.

Treatt's adjusted book value per share data of for the fiscal year that ended in Sep25 was $3.085. 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 $2.07 for the trailing ten years ended in Sep25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Treatt  (OTCPK:TTTRF) 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.


Treatt Cyclically Adjusted PB Ratio Related Terms


Treatt Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Treatt'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.

Treatt Cyclically Adjusted PB Ratio Chart

Treatt 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 9.67 4.54 3.29 2.58 1.38

Treatt Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 2.58 0.00 1.38 0.00

TTTRF vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Treatt'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.


Treatt Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TTTRF
68GF Score
Treatt PLC TTTRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Treatt 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.50/2.07
=1.69

* 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.

Treatt's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, Treatt's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=3.085/138.9000*138.9000
=3.085

Current CPI (Sep25) = 138.9000.

Treatt Annual Data

Book Value per Share CPI Adj_Book
201609 0.928 101.500 1.270
201709 1.171 104.300 1.559
201809 1.794 106.600 2.338
201909 1.792 108.400 2.296
202009 1.958 109.200 2.491
202109 2.417 112.400 2.987
202209 2.491 122.300 2.829
202309 2.804 130.100 2.994
202409 3.071 133.500 3.195
202509 3.085 138.900 3.085

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 1.69 mean?
Treatt (TTTRF) has a Cyclically Adjusted PB Ratio of 1.69 as of Jul. 22, 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 Treatt and its competitors. This is 71% below median its historical median of 5.82. Over the past decade, Treatt's Cyclically Adjusted PB Ratio has ranged from 0.96 to 13.46. According to the industry distribution chart, Treatt ranks #612 out of 1278 companies in the Chemicals industry, placing it in the top 47.9%.
Is Treatt's Cyclically Adjusted PB Ratio too high?
Treatt's current Cyclically Adjusted PB Ratio of 1.69 is 71% below median its 10-year median of 5.82. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 13.46. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Treatt's value of 1.69 is 1.5% above this industry median. Based on the distribution chart, Treatt ranks #612 out of 1278 companies in the Chemicals industry, which is above the industry midpoint. Overall, Treatt has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Treatt's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Treatt ranks #612 out of 1278 companies for Cyclically Adjusted PB Ratio. This puts Treatt in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Treatt's value of 1.69 is 1.5% above this benchmark. Historically, Treatt's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 13.46 over the past decade. While the company's 10-year median is 5.82 vs. the industry median of 1.67, Treatt 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,278 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. Treatt's current Cyclically Adjusted PB Ratio of 1.69 is 1.5% 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 Treatt and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Treatt's current Cyclically Adjusted PB Ratio is 1.69, which is 71% below median its own 10-year median of 5.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Treatt stock overvalued right now?
Based on GuruFocus' analysis, Treatt (TTTRF) is currently considered Significantly Undervalued. The stock's GF Value™ is $5.21, compared to a current price of $3.50 — trading 32.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.69, which is 71% below median its 10-year median of 5.82 and 1.5% above the Chemicals industry median of 1.67. Treatt's overall GF Score™ is 68/100 with 10 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 Treatt (TTTRF), the current Cyclically Adjusted PB Ratio is 1.69 as of Jul. 22, 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 Treatt (TTTRF) Overvalued in 2026?

Based on GuruFocus' analysis, Treatt stock appears to be undervalued. The current stock price of $3.50 is trading 32.8% below its estimated GF Value™ of $5.21. GuruFocus considers Treatt to be Significantly Undervalued.

Key valuation signals for TTTRF:

  • Cyclically Adjusted PB Ratio: 1.69 (71% below median its 10-year median of 5.82)
  • GF Value™: $5.21 vs. price of $3.50 (32.8% below fair value)
  • GF Score™: 68/100 with 10 warning signs
  • Industry Position: 1.5% above the Chemicals median (#612 of 1278)

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


Treatt Business Description

Other Exchanges TETl:UKTET:UK5TT:Germany
Address Skyliner Way, Bury St. Edmunds, Suffolk, GBR, IP32 7FR
Treatt PLC operates in the fragrance and FMCG industries. It is engaged in the manufacturing and supply of ingredient solutions for the flavor, fragrance, and FMCG markets. The company offers natural extracts and ingredients across a range of product categories: citrus, tea, coffee, health & wellness, fruit & vegetables, herbs, spices & florals, and high impact & aroma chemicals. Geographically, the company generates revenue from United Kingdom, Germany, Ireland, USA, China and other regions. Majority of the revenue for the company is generated from its business in USA.
68GF Score

Get the complete analysis for TTTRF

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

$3.50
Price
$5.21
GF Value