WRTBF (Wartsila) Cyclically Adjusted PB Ratio: 7.07 (As of Jul. 18, 2026) — 96% Above Median

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WRTBF Wartsila Corp WRTBF
82 GF Score
Price $34.00
GF Value $22.19
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Wartsila Cyclically Adjusted PB Ratio?

Wartsila WRTBF 82 Cyclically Adjusted PB Ratio is 7.07 as of Jul. 18, 2026, which is 96% above its 10-year median of 3.60. GuruFocus rates WRTBF with a GF Score™ of 82/100 and a GF Value™ of $22.19 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,290 Industrial Products companies, Wartsila ranks worse than 84.1% on this metric.

As of today (2026-07-18), Wartsila's current share price is $34.00. Wartsila's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.81. Wartsila's Cyclically Adjusted PB Ratio for today is 7.07.

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

WRTBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 3.6   Max: 8.97
Current: 7.04

During the past years, Wartsila's highest Cyclically Adjusted PB Ratio was 8.97. The lowest was 1.66. And the median was 3.60.

WRTBF's Cyclically Adjusted PB Ratio is ranked worse than
84.1% of 2290 companies
in the Industrial Products industry
Industry Median: 2.22 vs WRTBF: 7.04

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.

Wartsila's adjusted book value per share data for the three months ended in Mar. 2026 was $4.683. 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 $4.81 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wartsila  (OTCPK:WRTBF) 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.


Wartsila Cyclically Adjusted PB Ratio Related Terms


Wartsila Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wartsila'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.

Wartsila Cyclically Adjusted PB Ratio Chart

Wartsila 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 3.39 1.96 3.16 4.08 7.18

Wartsila 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 3.88 4.76 6.01 7.18 7.38

WRTBF vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Wartsila'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.


Wartsila Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wartsila's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WRTBF
82GF Score
Wartsila Corp WRTBF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wartsila 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.00/4.81
=7.07

* 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.

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

For example, Wartsila'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)
=4.683/124.6700*124.6700
=4.683

Current CPI (Mar. 2026) = 124.6700.

Wartsila Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.858 100.390 4.791
201609 4.015 100.540 4.979
201612 4.079 101.020 5.034
201703 3.787 100.910 4.679
201706 4.039 101.140 4.979
201709 4.458 101.320 5.485
201712 4.704 101.510 5.777
201803 4.470 101.730 5.478
201806 4.357 102.320 5.309
201809 4.547 102.600 5.525
201812 4.649 102.710 5.643
201903 4.285 102.870 5.193
201906 4.340 103.360 5.235
201909 4.195 103.540 5.051
201912 4.499 103.650 5.411
202003 3.778 103.490 4.551
202006 3.949 103.320 4.765
202009 4.142 103.710 4.979
202012 4.476 103.890 5.371
202103 4.293 104.870 5.104
202106 4.388 105.360 5.192
202109 4.389 106.290 5.148
202112 4.433 107.490 5.142
202203 3.834 110.950 4.308
202206 3.771 113.570 4.140
202209 3.534 114.920 3.834
202212 3.835 117.320 4.075
202303 3.644 119.750 3.794
202306 3.716 120.690 3.839
202309 3.845 121.280 3.952
202312 4.119 121.540 4.225
202403 3.886 122.360 3.959
202406 4.075 122.230 4.156
202409 4.471 122.260 4.559
202412 4.488 122.390 4.572
202503 4.398 123.010 4.457
202506 4.894 122.530 4.979
202509 5.346 122.880 5.424
202512 5.725 122.670 5.818
202603 4.683 124.670 4.683

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 7.07 mean?
Wartsila (WRTBF) has a Cyclically Adjusted PB Ratio of 7.07 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 Wartsila and its competitors. This is 96% above median its historical median of 3.60. Over the past decade, Wartsila's Cyclically Adjusted PB Ratio has ranged from 1.66 to 8.97. According to the industry distribution chart, Wartsila ranks #1926 out of 2290 companies in the Industrial Products industry, placing it in the top 84.1%.
Is Wartsila's Cyclically Adjusted PB Ratio too high?
Wartsila's current Cyclically Adjusted PB Ratio of 7.07 is 96% above median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 8.97. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.22. Wartsila's value of 7.07 is 218.5% above this industry median. Based on the distribution chart, Wartsila ranks #1926 out of 2290 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Wartsila has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wartsila's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Wartsila ranks #1926 out of 2290 companies for Cyclically Adjusted PB Ratio. This places Wartsila in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.22. Wartsila's value of 7.07 is 218.5% above this benchmark. Historically, Wartsila's own Cyclically Adjusted PB Ratio has ranged from 1.66 to 8.97 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 2.22, Wartsila 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.22, based on 2,290 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. Wartsila's current Cyclically Adjusted PB Ratio of 7.07 is 218.5% 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 Wartsila and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wartsila's current Cyclically Adjusted PB Ratio is 7.07, which is 96% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wartsila stock overvalued right now?
Based on GuruFocus' analysis, Wartsila (WRTBF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.19, compared to a current price of $34.00 — trading 53.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.07, which is 96% above median its 10-year median of 3.60 and 218.5% above the Industrial Products industry median of 2.22. Wartsila's overall GF Score™ is 82/100 with 2 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 Wartsila (WRTBF), the current Cyclically Adjusted PB Ratio is 7.07 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 Wartsila (WRTBF) Overvalued in 2026?

Based on GuruFocus' analysis, Wartsila stock appears to be overvalued. The current stock price of $34.00 is trading 53.2% above its estimated GF Value™ of $22.19. GuruFocus considers Wartsila to be Significantly Overvalued.

Key valuation signals for WRTBF:

  • Cyclically Adjusted PB Ratio: 7.07 (96% above median its 10-year median of 3.60)
  • GF Value™: $22.19 vs. price of $34.00 (53.2% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 218.5% above the Industrial Products median (#1926 of 2290)

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


Wartsila Business Description

Address Hiililaiturinkuja 2, Helsinki, FIN, FI-00180
Wartsila is a global manufacturer of critical equipment and services for the marine and energy markets with operations in over 70 countries. Approximately one-half of the group's sales are derived from the sale of services and spare parts through its network of 258 sales and service network locations. Wartsila is listed on the Nasdaq Helsinki exchange in Finland. Approximately one in three oceangoing vessels has a Wartsila solution on board, translating into an installed base of over 50,000 vessels and 10,000 customers.
82GF 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.

$34.00
Price
$22.19
GF Value