BayWa AG (XSWX:BYW6) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

XSWX:BYW6 BayWa AG XSWX:BYW6
63 GF Score
Price CHF2.51
GF Value CHF4.81
! 6 Warning Signs
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What is BayWa AG Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


BayWa AG  (XSWX:BYW6) 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.


BayWa AG Cyclically Adjusted PB Ratio Related Terms


BayWa AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BayWa AG'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.

BayWa AG Cyclically Adjusted PB Ratio Chart

BayWa AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.36 1.57 1.01 0.68

BayWa AG Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 1.63 1.01 0.99 0.68 0.66

XSWX:BYW6 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, BayWa AG'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.


BayWa AG Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, BayWa AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSWX:BYW6
63GF Score
BayWa AG XSWX:BYW6
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BayWa AG 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.

BayWa AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, BayWa AG's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=-3.841/127.0412*127.0412
=-3.841

Current CPI (Dec24) = 127.0412.

BayWa AG Annual Data

Book Value per Share CPI Adj_Book
201512 14.207 99.717 18.100
201612 13.954 101.217 17.514
201712 20.807 102.617 25.759
201812 19.227 104.217 23.438
201912 17.500 105.818 21.010
202012 14.242 105.518 17.147
202112 16.680 110.384 19.197
202212 15.494 119.345 16.493
202312 12.889 123.773 13.229
202412 -3.841 127.041 -3.841

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.

Is BayWa AG (XSWX:BYW6) Overvalued in 2026?

Based on GuruFocus' analysis, BayWa AG stock appears to be undervalued. The current stock price of CHF2.51 is trading 47.9% below its estimated GF Value™ of CHF4.81.

Key valuation signals for XSWX:BYW6:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: CHF4.81 vs. price of CHF2.51 (47.9% below fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the XSWX:BYW6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BayWa AG Business Description

Address Arabellastrasse 4, Munich, BY, DEU, 81925
BayWa AG is a trading and logistics services company that operates through segments: Agri Trade & Service, Agricultural Equipment, The Renewable Energies segment, which is the majority revenue generator, Heating & Mobility, and Building Materials. The group's core market is in Germany, Austria, and the Netherlands.
63GF Score

Get the complete analysis for XSWX:BYW6

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

CHF2.51
Price
CHF4.81
GF Value