TWI (Titan International) Cyclically Adjusted PB Ratio: 1.08 (As of Aug. 01, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

TWI Titan International Inc TWI
67 GF Score
Price $7.22
GF Value $8.84
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Titan International Cyclically Adjusted PB Ratio?

Titan International TWI -1.90% 67 Cyclically Adjusted PB Ratio is 1.08 as of Aug. 01, 2026, which is 4% below its 10-year median of 1.13. GuruFocus rates TWI with a GF Score™ of 67/100 and a GF Value™ of $8.84 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 166 Farm & Heavy Construction Machinery companies, Titan International ranks better than 65.66% on this metric.

As of today (2026-08-01), Titan International's current share price is $7.22. Titan International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $6.68. Titan International's Cyclically Adjusted PB Ratio for today is 1.08.

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

TWI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 1.13   Max: 2.24
Current: 1.08

During the past years, Titan International's highest Cyclically Adjusted PB Ratio was 2.24. The lowest was 0.12. And the median was 1.13.

TWI's Cyclically Adjusted PB Ratio is ranked better than
65.66% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.55 vs TWI: 1.08

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.

Titan International's adjusted book value per share data for the three months ended in Jun. 2026 was $7.773. 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 $6.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Titan International  (NYSE:TWI) 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.


Titan International Cyclically Adjusted PB Ratio Related Terms


Titan International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Titan International'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.

Titan International Cyclically Adjusted PB Ratio Chart

Titan International 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 1.32 1.95 2.08 1.02 1.20

Titan International 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 1.57 1.15 1.20 1.04 1.15

TWI vs MTW, WNC, CMCO: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Titan International'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.


Titan International Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TWI
67GF Score
Titan International Inc TWI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Titan International 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.

Titan International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.22/6.68
=1.08

* 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.

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

For example, Titan International'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)
=7.773/333.9520*333.9520
=7.773

Current CPI (Jun. 2026) = 333.9520.

Titan International Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.996 241.428 8.294
201612 5.479 241.432 7.579
201703 5.946 243.801 8.145
201706 5.954 244.955 8.117
201709 5.962 246.819 8.067
201712 5.367 246.524 7.270
201803 5.739 249.554 7.680
201806 5.097 251.989 6.755
201809 4.938 252.439 6.532
201812 4.657 251.233 6.190
201903 4.744 254.202 6.232
201906 4.716 256.143 6.149
201909 4.059 256.759 5.279
201912 3.896 256.974 5.063
202003 2.968 258.115 3.840
202006 2.894 257.797 3.749
202009 2.772 260.280 3.557
202012 2.921 260.474 3.745
202103 2.727 264.877 3.438
202106 2.918 271.696 3.587
202109 2.854 274.310 3.475
202112 3.453 278.802 4.136
202203 3.966 287.504 4.607
202206 4.769 296.311 5.375
202209 5.028 296.808 5.657
202212 6.066 296.797 6.825
202303 6.670 301.836 7.380
202306 7.180 305.109 7.859
202309 7.021 307.789 7.618
202312 7.693 306.746 8.375
202403 8.652 312.332 9.251
202406 8.443 314.175 8.974
202409 8.397 315.301 8.894
202412 7.857 315.605 8.314
202503 8.393 319.799 8.764
202506 8.934 322.561 9.249
202509 8.906 324.800 9.157
202512 8.043 324.054 8.289
202603 7.695 330.213 7.782
202606 7.773 333.952 7.773

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 1.08 mean?
Titan International (TWI) has a Cyclically Adjusted PB Ratio of 1.08 as of Aug. 01, 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 Titan International and its competitors. This is near median its historical median of 1.13. Over the past decade, Titan International's Cyclically Adjusted PB Ratio has ranged from 0.12 to 2.24. According to the industry distribution chart, Titan International ranks #57 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 34.3%.
Is Titan International's Cyclically Adjusted PB Ratio too high?
Titan International's current Cyclically Adjusted PB Ratio of 1.08 is near median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 2.24. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.55. Titan International's value of 1.08 is 30.3% below this industry median. Based on the distribution chart, Titan International ranks #57 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Titan International has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Titan International's Cyclically Adjusted PB Ratio compare to MTW and WNC?
According to the Farm & Heavy Construction Machinery industry distribution chart, Titan International ranks #57 out of 166 companies for Cyclically Adjusted PB Ratio. This puts Titan International in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Titan International's value of 1.08 is 30.3% below this benchmark. Historically, Titan International's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 2.24 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.55, Titan International 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 a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.55, based on 166 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. Titan International's current Cyclically Adjusted PB Ratio of 1.08 is 30.3% 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 Titan International and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Titan International's current Cyclically Adjusted PB Ratio is 1.08, which is near median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titan International stock overvalued right now?
Based on GuruFocus' analysis, Titan International (TWI) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.84, compared to a current price of $7.22 — trading 18.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.08, which is near median its 10-year median of 1.13 and 30.3% below the Farm & Heavy Construction Machinery industry median of 1.55. Titan International's overall GF Score™ is 67/100 with 6 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 Titan International (TWI), the current Cyclically Adjusted PB Ratio is 1.08 as of Aug. 01, 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 Titan International (TWI) Overvalued in 2026?

Based on GuruFocus' analysis, Titan International stock appears to be undervalued. The current stock price of $7.22 is trading 18.3% below its estimated GF Value™ of $8.84. GuruFocus considers Titan International to be Modestly Undervalued.

Key valuation signals for TWI:

  • Cyclically Adjusted PB Ratio: 1.08 (near median its 10-year median of 1.13)
  • GF Value™: $8.84 vs. price of $7.22 (18.3% below fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 30.3% below the Farm & Heavy Construction Machinery median (#57 of 166)

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


Titan International Business Description

Other Exchanges TZ4:Germany
Address 1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. It designs and manufactures products for OEMs and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. The company operates through three segments, namely Agricultural, Earthmoving/Construction, and Consumer. It derives the majority of revenue from the Agricultural segment which manufactures various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment. Geographically, the company generates the maximum revenue from North America, followed by Europe / CIS, Latin America, and Asia and other regions.
67GF Score

Get the complete analysis for TWI

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

$7.22
Price
$8.84
GF Value