Fazerles AD (XBUL:FZLS) Cyclically Adjusted PB Ratio: 0.24 (As of Aug. 04, 2026) — 62% Below Median

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XBUL:FZLS Fazerles AD XBUL:FZLS
52 GF Score
Price €6.15
GF Value €11.38
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Fazerles AD Cyclically Adjusted PB Ratio?

Fazerles AD XBUL:FZLS 52 Cyclically Adjusted PB Ratio is 0.24 as of Aug. 04, 2026, which is 62% below its 10-year median of 0.63. GuruFocus rates XBUL:FZLS with a GF Score™ of 52/100 and a GF Value™ of €11.38 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 240 Forest Products companies, Fazerles AD ranks better than 81.25% on this metric.

As of today (2026-08-04), Fazerles AD's current share price is €6.15. Fazerles AD's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €25.21. Fazerles AD's Cyclically Adjusted PB Ratio for today is 0.24.

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

XBUL:FZLS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.63   Max: 1.02
Current: 0.26

During the past years, Fazerles AD's highest Cyclically Adjusted PB Ratio was 1.02. The lowest was 0.24. And the median was 0.63.

XBUL:FZLS's Cyclically Adjusted PB Ratio is ranked better than
81.25% of 240 companies
in the Forest Products industry
Industry Median: 0.74 vs XBUL:FZLS: 0.26

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.

Fazerles AD's adjusted book value per share data for the three months ended in Mar. 2026 was €17.979. 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 €25.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fazerles AD  (XBUL:FZLS) 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.


Fazerles AD Cyclically Adjusted PB Ratio Related Terms


Fazerles AD Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fazerles 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.

Fazerles AD Cyclically Adjusted PB Ratio Chart

Fazerles 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 0.80 0.77 0.64 0.62 0.51

Fazerles 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 0.62 0.51 0.51 0.51 0.26

XBUL:FZLS vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, Fazerles 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.


Fazerles AD Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Fazerles AD's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XBUL:FZLS
52GF Score
Fazerles AD XBUL:FZLS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fazerles 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.15/25.21
=0.24

* 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.

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

For example, Fazerles 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)
=17.979/330.2130*330.2130
=17.979

Current CPI (Mar. 2026) = 330.2130.

Fazerles AD Quarterly Data

Book Value per Share CPI Adj_Book
201606 22.414 241.018 30.709
201609 22.394 241.428 30.629
201612 22.551 241.432 30.844
201703 22.233 243.801 30.113
201706 21.930 244.955 29.563
201709 21.847 246.819 29.229
201712 21.765 246.524 29.154
201803 21.561 249.554 28.530
201806 21.583 251.989 28.283
201809 21.604 252.439 28.260
201812 21.821 251.233 28.681
201903 21.489 254.202 27.915
201906 21.495 256.143 27.711
201909 21.301 256.759 27.395
201912 21.219 256.974 27.267
202003 21.128 258.115 27.030
202006 21.295 257.797 27.277
202009 21.332 260.280 27.064
202012 21.328 260.474 27.038
202103 21.542 264.877 26.856
202106 21.462 271.696 26.084
202109 21.569 274.310 25.965
202112 21.229 278.802 25.144
202203 21.652 287.504 24.868
202206 22.148 296.311 24.682
202209 22.029 296.808 24.508
202212 21.072 296.797 23.444
202303 21.006 301.836 22.981
202306 20.338 305.109 22.011
202309 20.097 307.789 21.561
202312 20.037 306.746 21.570
202403 19.880 312.332 21.018
202406 19.561 314.175 20.560
202409 19.208 315.301 20.116
202412 19.305 315.605 20.199
202503 19.183 319.799 19.808
202506 18.728 322.561 19.172
202509 18.472 324.800 18.780
202512 18.023 324.054 18.366
202603 17.979 330.213 17.979

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 0.24 mean?
Fazerles AD (XBUL:FZLS) has a Cyclically Adjusted PB Ratio of 0.24 as of Aug. 04, 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 Fazerles AD and its competitors. This is 62% below median its historical median of 0.63. Over the past decade, Fazerles AD's Cyclically Adjusted PB Ratio has ranged from 0.24 to 1.02. According to the industry distribution chart, Fazerles AD ranks #45 out of 240 companies in the Forest Products industry, placing it in the top 18.7%.
Is Fazerles AD's Cyclically Adjusted PB Ratio too high?
Fazerles AD's current Cyclically Adjusted PB Ratio of 0.24 is 62% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.02. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.74. Fazerles AD's value of 0.24 is 67.6% below this industry median. Based on the distribution chart, Fazerles AD ranks #45 out of 240 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Fazerles AD has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fazerles AD's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Fazerles AD ranks #45 out of 240 companies for Cyclically Adjusted PB Ratio. This places Fazerles AD in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.74. Fazerles AD's value of 0.24 is 67.6% below this benchmark. Historically, Fazerles AD's own Cyclically Adjusted PB Ratio has ranged from 0.24 to 1.02 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.74, Fazerles 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 a Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.74, based on 240 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. Fazerles AD's current Cyclically Adjusted PB Ratio of 0.24 is 67.6% 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 Fazerles AD and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fazerles AD's current Cyclically Adjusted PB Ratio is 0.24, which is 62% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fazerles AD stock overvalued right now?
Based on GuruFocus' analysis, Fazerles AD (XBUL:FZLS) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.38, compared to a current price of €6.15 — trading 46% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.24, which is 62% below median its 10-year median of 0.63 and 67.6% below the Forest Products industry median of 0.74. Fazerles AD's overall GF Score™ is 52/100 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 Fazerles AD (XBUL:FZLS), the current Cyclically Adjusted PB Ratio is 0.24 as of Aug. 04, 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 Fazerles AD (XBUL:FZLS) Overvalued in 2026?

Based on GuruFocus' analysis, Fazerles AD stock appears to be undervalued. The current stock price of €6.15 is trading 46% below its estimated GF Value™ of €11.38. GuruFocus considers Fazerles AD to be Significantly Undervalued.

Key valuation signals for XBUL:FZLS:

  • Cyclically Adjusted PB Ratio: 0.24 (62% below median its 10-year median of 0.63)
  • GF Value™: €11.38 vs. price of €6.15 (46% below fair value)
  • GF Score™: 52/100 with 2 warning signs
  • Industry Position: 67.6% below the Forest Products median (#45 of 240)

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


Fazerles AD Business Description

Address Western Industrial Zone, Silistra, BGR, 7500
Fazerles AD manufactures hardboard panels in Bulgaria. The products of the company are used for the furniture industry, metal industry, packaging industry, glass and food industry, automotive industry, and construction industry. The products of the company are sold in Europe, Asia, Africa, and America.
52GF Score

Get the complete analysis for XBUL:FZLS

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

€6.15
Price
€11.38
GF Value