Elhim Iskra AD (XBUL:ELHM) Cyclically Adjusted PB Ratio: 0.25 (As of Sep. 01, 2026) — 74% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

XBUL:ELHM Elhim Iskra AD XBUL:ELHM
26 GF Score
Price €0.21
GF Value €0.64
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Elhim Iskra AD Cyclically Adjusted PB Ratio?

Elhim Iskra AD XBUL:ELHM 26 Cyclically Adjusted PB Ratio is 0.25 as of Sep. 01, 2026, which is 74% below its 10-year median of 0.95. GuruFocus rates XBUL:ELHM with a GF Score™ of 26/100 and a GF Value™ of €0.64 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,104 Industrial Products companies, Elhim Iskra AD ranks better than 96.01% on this metric.

As of today (2026-09-01), Elhim Iskra AD's current share price is €0.21. Elhim Iskra AD's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.84. Elhim Iskra AD's Cyclically Adjusted PB Ratio for today is 0.25.

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

XBUL:ELHM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.95   Max: 1.38
Current: 0.25

During the past years, Elhim Iskra AD's highest Cyclically Adjusted PB Ratio was 1.38. The lowest was 0.19. And the median was 0.95.

XBUL:ELHM's Cyclically Adjusted PB Ratio is ranked better than
96.01% of 2104 companies
in the Industrial Products industry
Industry Median: 2.15 vs XBUL:ELHM: 0.25

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.

Elhim Iskra AD's adjusted book value per share data for the three months ended in Mar. 2026 was €0.265. 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 €0.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Elhim Iskra AD  (XBUL:ELHM) 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.


Elhim Iskra AD Cyclically Adjusted PB Ratio Related Terms


Elhim Iskra AD Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Elhim Iskra AD'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.

Elhim Iskra AD Cyclically Adjusted PB Ratio Chart

Elhim Iskra AD 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 1.05 1.08 1.15 0.96 0.83

Elhim Iskra AD 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 0.94 0.85 0.75 0.83 0.32

XBUL:ELHM vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Elhim Iskra AD'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.


Elhim Iskra AD Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


XBUL:ELHM
26GF Score
Elhim Iskra AD XBUL:ELHM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elhim Iskra AD 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.

Elhim Iskra AD's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.21/0.84
=0.25

* 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.

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

For example, Elhim Iskra AD'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)
=0.265/330.2130*330.2130
=0.265

Current CPI (Mar. 2026) = 330.2130.

Elhim Iskra AD Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.646 241.018 0.885
201609 0.655 241.428 0.896
201612 0.653 241.432 0.893
201703 0.662 243.801 0.897
201706 0.652 244.955 0.879
201709 0.650 246.819 0.870
201712 0.649 246.524 0.869
201803 0.651 249.554 0.861
201806 0.656 251.989 0.860
201809 0.652 252.439 0.853
201812 0.710 251.233 0.933
201903 0.716 254.202 0.930
201906 0.714 256.143 0.920
201909 0.715 256.759 0.920
201912 0.733 256.974 0.942
202003 0.730 258.115 0.934
202006 0.719 257.797 0.921
202009 0.718 260.280 0.911
202012 0.732 260.474 0.928
202103 0.739 264.877 0.921
202106 0.751 271.696 0.913
202109 0.750 274.310 0.903
202112 0.749 278.802 0.887
202203 0.738 287.504 0.848
202206 0.727 296.311 0.810
202209 0.735 296.808 0.818
202212 0.763 296.797 0.849
202303 0.767 301.836 0.839
202306 0.758 305.109 0.820
202309 0.748 307.789 0.802
202312 0.775 306.746 0.834
202403 0.759 312.332 0.802
202406 0.750 314.175 0.788
202409 0.732 315.301 0.767
202412 0.763 315.605 0.798
202503 0.749 319.799 0.773
202506 0.745 322.561 0.763
202509 0.734 324.800 0.746
202512 0.542 324.054 0.552
202603 0.265 330.213 0.265

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 0.25 mean?
Elhim Iskra AD (XBUL:ELHM) has a Cyclically Adjusted PB Ratio of 0.25 as of Sep. 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 Elhim Iskra AD and its competitors. This is 74% below median its historical median of 0.95. Over the past decade, Elhim Iskra AD's Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.38. According to the industry distribution chart, Elhim Iskra AD ranks #84 out of 2104 companies in the Industrial Products industry, placing it in the top 4%.
Is Elhim Iskra AD's Cyclically Adjusted PB Ratio too high?
Elhim Iskra AD's current Cyclically Adjusted PB Ratio of 0.25 is 74% below median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.38. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.15. Elhim Iskra AD's value of 0.25 is 88.4% below this industry median. Based on the distribution chart, Elhim Iskra AD ranks #84 out of 2104 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Elhim Iskra AD has a GF Score™ of 26/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elhim Iskra AD's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Elhim Iskra AD ranks #84 out of 2104 companies for Cyclically Adjusted PB Ratio. This places Elhim Iskra AD in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.15. Elhim Iskra AD's value of 0.25 is 88.4% below this benchmark. Historically, Elhim Iskra AD's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.38 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 2.15, Elhim Iskra AD 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.15, based on 2,104 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. Elhim Iskra AD's current Cyclically Adjusted PB Ratio of 0.25 is 88.4% 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 Elhim Iskra AD and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elhim Iskra AD's current Cyclically Adjusted PB Ratio is 0.25, which is 74% below median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elhim Iskra AD stock overvalued right now?
Based on GuruFocus' analysis, Elhim Iskra AD (XBUL:ELHM) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.64, compared to a current price of €0.21 — trading 67.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.25, which is 74% below median its 10-year median of 0.95 and 88.4% below the Industrial Products industry median of 2.15. Elhim Iskra AD's overall GF Score™ is 26/100 with 1 warning sign 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 Elhim Iskra AD (XBUL:ELHM), the current Cyclically Adjusted PB Ratio is 0.25 as of Sep. 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 Elhim Iskra AD (XBUL:ELHM) Overvalued in 2026?

Based on GuruFocus' analysis, Elhim Iskra AD stock appears to be undervalued. The current stock price of €0.21 is trading 67.2% below its estimated GF Value™ of €0.64. GuruFocus considers Elhim Iskra AD to be Significantly Undervalued.

Key valuation signals for XBUL:ELHM:

  • Cyclically Adjusted PB Ratio: 0.25 (74% below median its 10-year median of 0.95)
  • GF Value™: €0.64 vs. price of €0.21 (67.2% below fair value)
  • GF Score™: 26/100 with 1 warning sign
  • Industry Position: 88.4% below the Industrial Products median (#84 of 2104)

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


Elhim Iskra AD Business Description

Address 9 Iskra street, Pazardzhik, BGR, 4400
Elhim Iskra AD manufactures lead-acid starter and traction batteries. The batteries are used in the equipment of motor vehicles, agricultural machinery, warehousing equipment, road construction machinery, under-floating equipment, railway transport, electric cars and golf carts, photovoltaic and wind power plants, among others.
26GF Score

Get the complete analysis for XBUL:ELHM

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

€0.21
Price
€0.64
GF Value