Emka Ad (XBUL:EMKA) Cyclically Adjusted PB Ratio: 1.97 (As of Aug. 12, 2026) — 40% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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XBUL:EMKA Emka Ad XBUL:EMKA
68 GF Score
Price €1.36
GF Value €2.65
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Emka Ad Cyclically Adjusted PB Ratio?

Emka Ad XBUL:EMKA +0.74% 68 Cyclically Adjusted PB Ratio is 1.97 as of Aug. 12, 2026, which is 40% below its 10-year median of 3.31. GuruFocus rates XBUL:EMKA with a GF Score™ of 68/100 and a GF Value™ of €2.65 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,234 Industrial Products companies, Emka Ad ranks better than 54.3% on this metric.

As of today (2026-08-12), Emka Ad's current share price is €1.36. Emka Ad's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.69. Emka Ad's Cyclically Adjusted PB Ratio for today is 1.97.

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

XBUL:EMKA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.58   Med: 3.31   Max: 4.08
Current: 1.97

During the past years, Emka Ad's highest Cyclically Adjusted PB Ratio was 4.08. The lowest was 1.58. And the median was 3.31.

XBUL:EMKA's Cyclically Adjusted PB Ratio is ranked better than
54.3% of 2234 companies
in the Industrial Products industry
Industry Median: 2.185 vs XBUL:EMKA: 1.97

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.

Emka Ad's adjusted book value per share data for the three months ended in Jun. 2026 was €0.877. 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 €0.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emka Ad  (XBUL:EMKA) 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.


Emka Ad Cyclically Adjusted PB Ratio Related Terms


Emka Ad Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Emka 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.

Emka Ad Cyclically Adjusted PB Ratio Chart

Emka 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 3.71 2.90 3.45 3.24 3.06

Emka Ad 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 2.99 2.95 3.06 1.64 1.95

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

For the Electrical Equipment & Parts subindustry, Emka 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.


Emka Ad Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


XBUL:EMKA
68GF Score
Emka Ad XBUL:EMKA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emka 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.

Emka Ad's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.36/0.69
=1.97

* 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.

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

For example, Emka Ad'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)
=0.877/333.9520*333.9520
=0.877

Current CPI (Jun. 2026) = 333.9520.

Emka Ad Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.423 241.428 0.585
201612 0.420 241.432 0.581
201703 0.434 243.801 0.594
201706 0.432 244.955 0.589
201709 0.441 246.819 0.597
201712 0.442 246.524 0.599
201803 0.457 249.554 0.612
201806 0.453 251.989 0.600
201809 0.460 252.439 0.609
201812 0.465 251.233 0.618
201903 0.482 254.202 0.633
201906 0.468 256.143 0.610
201909 0.478 256.759 0.622
201912 0.486 256.974 0.632
202003 0.502 258.115 0.649
202006 0.484 257.797 0.627
202009 0.500 260.280 0.642
202012 0.507 260.474 0.650
202103 0.535 264.877 0.675
202106 0.543 271.696 0.667
202109 0.562 274.310 0.684
202112 0.562 278.802 0.673
202203 0.603 287.504 0.700
202206 0.608 296.311 0.685
202209 0.641 296.808 0.721
202212 0.653 296.797 0.735
202303 0.707 301.836 0.782
202306 0.687 305.109 0.752
202309 0.712 307.789 0.773
202312 0.720 306.746 0.784
202403 0.751 312.332 0.803
202406 0.750 314.175 0.797
202409 0.774 315.301 0.820
202412 0.777 315.605 0.822
202503 0.811 319.799 0.847
202506 0.794 322.561 0.822
202509 0.824 324.800 0.847
202512 0.837 324.054 0.863
202603 0.467 330.213 0.472
202606 0.877 333.952 0.877

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 1.97 mean?
Emka Ad (XBUL:EMKA) has a Cyclically Adjusted PB Ratio of 1.97 as of Aug. 12, 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 Emka Ad and its competitors. This is 40% below median its historical median of 3.31. Over the past decade, Emka Ad's Cyclically Adjusted PB Ratio has ranged from 1.58 to 4.08. According to the industry distribution chart, Emka Ad ranks #1021 out of 2234 companies in the Industrial Products industry, placing it in the top 45.7%.
Is Emka Ad's Cyclically Adjusted PB Ratio too high?
Emka Ad's current Cyclically Adjusted PB Ratio of 1.97 is 40% below median its 10-year median of 3.31. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 4.08. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.19. Emka Ad's value of 1.97 is 9.8% below this industry median. Based on the distribution chart, Emka Ad ranks #1021 out of 2234 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Emka Ad has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emka Ad's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Emka Ad ranks #1021 out of 2234 companies for Cyclically Adjusted PB Ratio. This puts Emka Ad in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.19. Emka Ad's value of 1.97 is 9.8% below this benchmark. Historically, Emka Ad's own Cyclically Adjusted PB Ratio has ranged from 1.58 to 4.08 over the past decade. While the company's 10-year median is 3.31 vs. the industry median of 2.19, Emka 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 2.19, based on 2,234 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. Emka Ad's current Cyclically Adjusted PB Ratio of 1.97 is 9.8% 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 Emka Ad and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emka Ad's current Cyclically Adjusted PB Ratio is 1.97, which is 40% below median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emka Ad stock overvalued right now?
Based on GuruFocus' analysis, Emka Ad (XBUL:EMKA) is currently considered Significantly Undervalued. The stock's GF Value™ is €2.65, compared to a current price of €1.36 — trading 48.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.97, which is 40% below median its 10-year median of 3.31 and 9.8% below the Industrial Products industry median of 2.19. Emka Ad's overall GF Score™ is 68/100 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 Emka Ad (XBUL:EMKA), the current Cyclically Adjusted PB Ratio is 1.97 as of Aug. 12, 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 Emka Ad (XBUL:EMKA) Overvalued in 2026?

Based on GuruFocus' analysis, Emka Ad stock appears to be undervalued. The current stock price of €1.36 is trading 48.7% below its estimated GF Value™ of €2.65. GuruFocus considers Emka Ad to be Significantly Undervalued.

Key valuation signals for XBUL:EMKA:

  • Cyclically Adjusted PB Ratio: 1.97 (40% below median its 10-year median of 3.31)
  • GF Value™: €2.65 vs. price of €1.36 (48.7% below fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 9.8% below the Industrial Products median (#1021 of 2234)

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


Emka Ad Business Description

Address Street Bacho Kiro No. 8, Sofia, BGR, 1000
Emka Ad is engaged in the production of wires and cables. The company manufactures non-halogen and polyurethane cables. The product portfolio includes insulated wires, cables, flexible cords, non-insulated wires, winding wires, among others.
68GF Score

Get the complete analysis for XBUL:EMKA

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

€1.36
Price
€2.65
GF Value