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Tel Aviv Stock ExchangeTVAVF -3.31%74 Cyclically Adjusted PB Ratio is 18.75 as of Jul. 18, 2026, which is 79% above its 10-year median of 10.50. GuruFocus rates TVAVF with a GF Score™ of 74/100 and a GF Value™ of $21.47 (Significantly Overvalued). Among 635 Capital Markets companies, Tel Aviv Stock Exchange ranks worse than 97.01% on this metric.
The historical rank and industry rank for Tel Aviv Stock Exchange's Cyclically Adjusted PB Ratio or its related term are showing as below:
TVAVF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.75 Med: 10.5 Max: 23.03
Current: 17.83
During the past 11 years, Tel Aviv Stock Exchange's highest Cyclically Adjusted PB Ratio was 23.03. The lowest was 5.75. And the median was 10.50.
TVAVF's Cyclically Adjusted PB Ratio is ranked worse than 97.01% of 635
companies
in the Capital Markets industry
Industry Median: 1.35
vs TVAVF: 17.83
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.
Tel Aviv Stock Exchange's adjusted book value per share data of for the fiscal year that ended in Dec25 was $2.316. 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 $2.23 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tel Aviv Stock Exchange (OTCPK:TVAVF) 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.
Tel Aviv Stock Exchange Cyclically Adjusted PB Ratio Related Terms
Tel Aviv Stock Exchange Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Tel Aviv Stock Exchange'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.
Tel Aviv Stock Exchange Cyclically Adjusted PB Ratio Chart
TVAVF vs SPGI, CME, MCO: Cyclically Adjusted PB Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, Tel Aviv Stock Exchange'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.
Tel Aviv Stock Exchange Cyclically Adjusted PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tel Aviv Stock Exchange's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Tel Aviv Stock Exchange's Cyclically Adjusted PB Ratio falls into.
Tel Aviv Stock Exchange 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.
* 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.
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 18.75 mean?
Tel Aviv Stock Exchange (TVAVF) has a Cyclically Adjusted PB Ratio of 18.75 as of Jul. 18, 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 Tel Aviv Stock Exchange and its competitors. This is 79% above median its historical median of 10.50. Over the past decade, Tel Aviv Stock Exchange's Cyclically Adjusted PB Ratio has ranged from 5.75 to 23.03. According to the industry distribution chart, Tel Aviv Stock Exchange ranks #616 out of 635 companies in the Capital Markets industry, placing it in the top 97%.
Is Tel Aviv Stock Exchange's Cyclically Adjusted PB Ratio too high?
Tel Aviv Stock Exchange's current Cyclically Adjusted PB Ratio of 18.75 is 79% above median its 10-year median of 10.50. Over the past 10 years, this metric has ranged from a low of 5.75 to a high of 23.03. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.35. Tel Aviv Stock Exchange's value of 18.75 is 1288.9% above this industry median. Based on the distribution chart, Tel Aviv Stock Exchange ranks #616 out of 635 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Tel Aviv Stock Exchange has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tel Aviv Stock Exchange's Cyclically Adjusted PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Tel Aviv Stock Exchange ranks #616 out of 635 companies for Cyclically Adjusted PB Ratio. This places Tel Aviv Stock Exchange in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.35. Tel Aviv Stock Exchange's value of 18.75 is 1288.9% above this benchmark. Historically, Tel Aviv Stock Exchange's own Cyclically Adjusted PB Ratio has ranged from 5.75 to 23.03 over the past decade. While the company's 10-year median is 10.50 vs. the industry median of 1.35, Tel Aviv Stock Exchange 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.35, based on 635 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. Tel Aviv Stock Exchange's current Cyclically Adjusted PB Ratio of 18.75 is 1288.9% 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 Tel Aviv Stock Exchange and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tel Aviv Stock Exchange's current Cyclically Adjusted PB Ratio is 18.75, which is 79% above median its own 10-year median of 10.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tel Aviv Stock Exchange stock overvalued right now?
Based on GuruFocus' analysis, Tel Aviv Stock Exchange (TVAVF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.47, compared to a current price of $41.82 — trading 94.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 18.75, which is 79% above median its 10-year median of 10.50 and 1288.9% above the Capital Markets industry median of 1.35. Tel Aviv Stock Exchange's overall GF Score™ is 74/100. 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 Tel Aviv Stock Exchange (TVAVF), the current Cyclically Adjusted PB Ratio is 18.75 as of Jul. 18, 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 Tel Aviv Stock Exchange (TVAVF) Overvalued in 2026?
Based on GuruFocus' analysis, Tel Aviv Stock Exchange stock appears to be overvalued.
The current stock price of $41.82 is trading 94.8% above its estimated GF Value™ of $21.47.
GuruFocus considers Tel Aviv Stock Exchange to be Significantly Overvalued.
Key valuation signals for TVAVF:
Cyclically Adjusted PB Ratio: 18.75 (79% above median its 10-year median of 10.50)
GF Value™: $21.47 vs. price of $41.82 (94.8% above fair value)
Industry Position: 1288.9% above the Capital Markets median (#616 of 635)
No single metric tells the full story. See the TVAVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tel Aviv Stock Exchange Ltd is engaged in managing a securities stock exchange and in related activities. The company deals in securities, indices, derivative market, securities listing, research, statistics, and others.
74GF Score
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