Randstad NV (WBO:RAND) Cyclically Adjusted PB Ratio: 1.15 (As of Jul. 16, 2026) — 48% Below Median

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WBO:RAND Randstad NV WBO:RAND
61 GF Score
Price €32.77
GF Value €40.78
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Randstad NV Cyclically Adjusted PB Ratio?

Randstad NV WBO:RAND +8.94% 61 Cyclically Adjusted PB Ratio is 1.15 as of Jul. 16, 2026, which is 48% below its 10-year median of 2.22. GuruFocus rates WBO:RAND with a GF Score™ of 61/100 and a GF Value™ of €40.78 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 730 Business Services companies, Randstad NV ranks better than 66.99% on this metric.

As of today (2026-07-16), Randstad NV's current share price is €32.77. Randstad NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €28.40. Randstad NV's Cyclically Adjusted PB Ratio for today is 1.15.

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

WBO:RAND' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 2.22   Max: 3.68
Current: 1.01

During the past years, Randstad NV's highest Cyclically Adjusted PB Ratio was 3.68. The lowest was 0.78. And the median was 2.22.

WBO:RAND's Cyclically Adjusted PB Ratio is ranked better than
66.99% of 730 companies
in the Business Services industry
Industry Median: 1.57 vs WBO:RAND: 1.01

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.

Randstad NV's adjusted book value per share data for the three months ended in Mar. 2026 was €21.676. 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 €28.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Randstad NV  (WBO:RAND) 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.


Randstad NV Cyclically Adjusted PB Ratio Related Terms


Randstad NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Randstad 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.

Randstad NV Cyclically Adjusted PB Ratio Chart

Randstad 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 2.61 2.21 2.14 1.47 1.16

Randstad NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.37 1.40 1.28 1.16 0.79

WBO:RAND vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Randstad 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.


Randstad NV Cyclically Adjusted PB Ratio vs Business Services Industry

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

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


WBO:RAND
61GF Score
Randstad NV WBO:RAND
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Randstad 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.77/28.40
=1.15

* 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.

Randstad NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Randstad NV's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=21.676/136.9100*136.9100
=21.676

Current CPI (Mar. 2026) = 136.9100.

Randstad NV Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.614 100.260 28.149
201609 21.549 100.570 29.336
201612 22.694 100.710 30.851
201703 21.208 101.440 28.624
201706 21.524 101.370 29.070
201709 22.260 102.030 29.870
201712 23.048 101.970 30.945
201803 20.804 102.470 27.796
201806 22.211 103.100 29.495
201809 23.205 103.950 30.563
201812 24.281 103.970 31.974
201903 21.742 105.370 28.250
201906 22.659 105.840 29.311
201909 23.690 106.700 30.397
201912 24.445 106.800 31.337
202003 24.482 106.850 31.369
202006 24.104 107.510 30.696
202009 24.441 107.880 31.018
202012 25.467 107.850 32.329
202103 23.180 108.870 29.150
202106 24.131 109.670 30.125
202109 25.343 110.790 31.318
202112 26.774 114.010 32.152
202203 22.759 119.460 26.083
202206 24.043 119.050 27.650
202209 25.833 126.890 27.873
202212 26.902 124.940 29.479
202303 24.556 124.720 26.956
202306 25.109 125.830 27.320
202309 26.090 127.160 28.090
202312 26.396 126.450 28.579
202403 23.065 128.580 24.559
202406 23.427 129.910 24.689
202409 23.844 131.610 24.804
202412 23.592 131.630 24.538
202503 22.086 133.330 22.679
202506 21.766 133.960 22.245
202509 22.234 135.920 22.396
202512 22.832 135.270 23.109
202603 21.676 136.910 21.676

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 1.15 mean?
Randstad NV (WBO:RAND) has a Cyclically Adjusted PB Ratio of 1.15 as of Jul. 16, 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 Randstad NV and its competitors. This is 48% below median its historical median of 2.22. Over the past decade, Randstad NV's Cyclically Adjusted PB Ratio has ranged from 0.78 to 3.68. According to the industry distribution chart, Randstad NV ranks #241 out of 730 companies in the Business Services industry, placing it in the top 33%.
Is Randstad NV's Cyclically Adjusted PB Ratio too high?
Randstad NV's current Cyclically Adjusted PB Ratio of 1.15 is 48% below median its 10-year median of 2.22. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 3.68. The Business Services industry median Cyclically Adjusted PB Ratio is 1.57. Randstad NV's value of 1.15 is 26.8% below this industry median. Based on the distribution chart, Randstad NV ranks #241 out of 730 companies in the Business Services industry, which is above the industry midpoint. Overall, Randstad NV has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Randstad NV's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Randstad NV ranks #241 out of 730 companies for Cyclically Adjusted PB Ratio. This puts Randstad NV in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. Randstad NV's value of 1.15 is 26.8% below this benchmark. Historically, Randstad NV's own Cyclically Adjusted PB Ratio has ranged from 0.78 to 3.68 over the past decade. While the company's 10-year median is 2.22 vs. the industry median of 1.57, Randstad 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 a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.57, based on 730 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. Randstad NV's current Cyclically Adjusted PB Ratio of 1.15 is 26.8% 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 Randstad NV and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Randstad NV's current Cyclically Adjusted PB Ratio is 1.15, which is 48% below median its own 10-year median of 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Randstad NV stock overvalued right now?
Based on GuruFocus' analysis, Randstad NV (WBO:RAND) is currently considered Modestly Undervalued. The stock's GF Value™ is €40.78, compared to a current price of €32.77 — trading 19.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.15, which is 48% below median its 10-year median of 2.22 and 26.8% below the Business Services industry median of 1.57. Randstad NV's overall GF Score™ is 61/100 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 Randstad NV (WBO:RAND), the current Cyclically Adjusted PB Ratio is 1.15 as of Jul. 16, 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 Randstad NV (WBO:RAND) Overvalued in 2026?

Based on GuruFocus' analysis, Randstad NV stock appears to be undervalued. The current stock price of €32.77 is trading 19.6% below its estimated GF Value™ of €40.78. GuruFocus considers Randstad NV to be Modestly Undervalued.

Key valuation signals for WBO:RAND:

  • Cyclically Adjusted PB Ratio: 1.15 (48% below median its 10-year median of 2.22)
  • GF Value™: €40.78 vs. price of €32.77 (19.6% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 26.8% below the Business Services median (#241 of 730)

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


Randstad NV Business Description

Address Diemermere 25, Diemen, NH, NLD, 1112 TC
Established in 1960 and domiciled in the Netherlands, Randstad is one of only three global recruitment providers, placing over 200,000 permanent candidates and 2 million temporary candidates annually. In addition, the company provides recruitment process outsourcing services, managed services programs, payroll services, outplacement services, and job postings.
61GF Score

Get the complete analysis for WBO:RAND

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

€32.77
Price
€40.78
GF Value