Forbo Holding AGXSWX:FORN +0.14%73 Cyclically Adjusted PB Ratio is 1.76 as of Jul. 03, 2026, which is 56% below its 10-year median of 3.99. GuruFocus rates XSWX:FORN with a GF Score™ of 73/100 and a GF Value™ of CHF880.37 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,358 Construction companies, Forbo Holding AG ranks worse than 64.36% on this metric.
The historical rank and industry rank for Forbo Holding AG's Cyclically Adjusted PB Ratio or its related term are showing as below:
XSWX:FORN'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66 Med: 3.99 Max: 5.29
Current: 1.79
During the past 13 years, Forbo Holding AG's highest Cyclically Adjusted PB Ratio was 5.29. The lowest was 1.66. And the median was 3.99.
XSWX:FORN's Cyclically Adjusted PB Ratio is ranked worse than 64.36% of 1358
companies
in the Construction industry
Industry Median: 1.175
vs XSWX:FORN: 1.79
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.
Forbo Holding AG's adjusted book value per share data of for the fiscal year that ended in Dec25 was CHF457.787. 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 CHF419.29 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Forbo Holding AG (XSWX:FORN) 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.
Forbo Holding AG Cyclically Adjusted PB Ratio Related Terms
Forbo Holding AG Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Forbo Holding 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.
Forbo Holding AG Cyclically Adjusted PB Ratio Chart
XSWX:FORN vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison
For the Building Products & Equipment subindustry, Forbo Holding 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.
Forbo Holding AG Cyclically Adjusted PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Forbo Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Forbo Holding AG's Cyclically Adjusted PB Ratio falls into.
Forbo Holding 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.
Forbo Holding AG's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.76 mean?
Forbo Holding AG (XSWX:FORN) has a Cyclically Adjusted PB Ratio of 1.76 as of Jul. 03, 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 Forbo Holding AG and its competitors. This is 56% below median its historical median of 3.99. Over the past decade, Forbo Holding AG's Cyclically Adjusted PB Ratio has ranged from 1.66 to 5.29. According to the industry distribution chart, Forbo Holding AG ranks #874 out of 1358 companies in the Construction industry, placing it in the top 64.4%.
Is Forbo Holding AG's Cyclically Adjusted PB Ratio too high?
Forbo Holding AG's current Cyclically Adjusted PB Ratio of 1.76 is 56% below median its 10-year median of 3.99. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 5.29. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. Forbo Holding AG's value of 1.76 is 49.8% above this industry median. Based on the distribution chart, Forbo Holding AG ranks #874 out of 1358 companies in the Construction industry, which is below the industry midpoint. Overall, Forbo Holding AG has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forbo Holding AG's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Forbo Holding AG ranks #874 out of 1358 companies for Cyclically Adjusted PB Ratio. This places Forbo Holding AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Forbo Holding AG's value of 1.76 is 49.8% above this benchmark. Historically, Forbo Holding AG's own Cyclically Adjusted PB Ratio has ranged from 1.66 to 5.29 over the past decade. While the company's 10-year median is 3.99 vs. the industry median of 1.18, Forbo Holding AG 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 a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,358 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. Forbo Holding AG's current Cyclically Adjusted PB Ratio of 1.76 is 49.8% 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 Forbo Holding AG and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forbo Holding AG's current Cyclically Adjusted PB Ratio is 1.76, which is 56% below median its own 10-year median of 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbo Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Forbo Holding AG (XSWX:FORN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF880.37, compared to a current price of CHF736.00 — trading 16.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.76, which is 56% below median its 10-year median of 3.99 and 49.8% above the Construction industry median of 1.18. Forbo Holding AG's overall GF Score™ is 73/100 with 3 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 Forbo Holding AG (XSWX:FORN), the current Cyclically Adjusted PB Ratio is 1.76 as of Jul. 03, 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 Forbo Holding AG (XSWX:FORN) Overvalued in 2026?
Based on GuruFocus' analysis, Forbo Holding AG stock appears to be undervalued.
The current stock price of CHF736.00 is trading 16.4% below its estimated GF Value™ of CHF880.37.
GuruFocus considers Forbo Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:FORN:
Cyclically Adjusted PB Ratio: 1.76 (56% below median its 10-year median of 3.99)
GF Value™: CHF880.37 vs. price of CHF736.00 (16.4% below fair value)
Industry Position: 49.8% above the Construction median (#874 of 1358)
No single metric tells the full story. See the XSWX:FORN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe, and also has its presence in Americas and Asia/Pacific and Africa.
73GF 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.
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