Carlo Gavazzi Holding AG (XSWX:GAV) Cyclically Adjusted PB Ratio: 0.93 (As of Jul. 10, 2026) — 52% Below Median


XSWX:GAV Carlo Gavazzi Holding AG XSWX:GAV
74 GF Score
Price CHF155.00
GF Value CHF203.21
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Carlo Gavazzi Holding AG Cyclically Adjusted PB Ratio?

Carlo Gavazzi Holding AG XSWX:GAV -0.64% 74 Cyclically Adjusted PB Ratio is 0.93 as of Jul. 10, 2026, which is 52% below its 10-year median of 1.92. GuruFocus rates XSWX:GAV with a GF Score™ of 74/100 and a GF Value™ of CHF203.21 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,294 Industrial Products companies, Carlo Gavazzi Holding AG ranks better than 79.56% on this metric.

As of today (2026-07-10), Carlo Gavazzi Holding AG's current share price is CHF155.00. Carlo Gavazzi Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was CHF166.91. Carlo Gavazzi Holding AG's Cyclically Adjusted PB Ratio for today is 0.93.

The historical rank and industry rank for Carlo Gavazzi Holding AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

XSWX:GAV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.92   Max: 2.63
Current: 0.87

During the past 13 years, Carlo Gavazzi Holding AG's highest Cyclically Adjusted PB Ratio was 2.63. The lowest was 0.85. And the median was 1.92.

XSWX:GAV's Cyclically Adjusted PB Ratio is ranked better than
79.56% of 2294 companies
in the Industrial Products industry
Industry Median: 2.29 vs XSWX:GAV: 0.87

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.

Carlo Gavazzi Holding AG's adjusted book value per share data of for the fiscal year that ended in Mar26 was CHF185.910. 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 CHF166.91 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carlo Gavazzi Holding AG  (XSWX:GAV) 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.


Carlo Gavazzi Holding AG Cyclically Adjusted PB Ratio Related Terms


Carlo Gavazzi Holding AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Carlo Gavazzi 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.

Carlo Gavazzi Holding AG Cyclically Adjusted PB Ratio Chart

Carlo Gavazzi Holding AG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.98 2.09 2.09 1.23 0.92

Carlo Gavazzi Holding AG Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 2.09 0.00 1.23 0.00 0.92

XSWX:GAV vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Carlo Gavazzi 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.


Carlo Gavazzi Holding AG Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Carlo Gavazzi Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSWX:GAV
74GF Score
Carlo Gavazzi Holding AG XSWX:GAV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Carlo Gavazzi 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.

Carlo Gavazzi Holding AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=155.00/166.91
=0.93

* 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.

Carlo Gavazzi Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Carlo Gavazzi Holding AG's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=185.91/108.0600*108.0600
=185.910

Current CPI (Mar26) = 108.0600.

Carlo Gavazzi Holding AG Annual Data

Book Value per Share CPI Adj_Book
201703 133.850 100.040 144.581
201803 139.612 100.836 149.615
201903 137.125 101.571 145.886
202003 127.072 101.048 135.891
202103 149.380 100.800 160.139
202203 163.425 103.205 171.113
202303 185.491 106.245 188.660
202403 195.824 107.355 197.110
202503 189.596 107.722 190.190
202603 185.910 108.060 185.910

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 0.93 mean?
Carlo Gavazzi Holding AG (XSWX:GAV) has a Cyclically Adjusted PB Ratio of 0.93 as of Jul. 10, 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 Carlo Gavazzi Holding AG and its competitors. This is 52% below median its historical median of 1.92. Over the past decade, Carlo Gavazzi Holding AG's Cyclically Adjusted PB Ratio has ranged from 0.85 to 2.63. According to the industry distribution chart, Carlo Gavazzi Holding AG ranks #469 out of 2294 companies in the Industrial Products industry, placing it in the top 20.4%.
Is Carlo Gavazzi Holding AG's Cyclically Adjusted PB Ratio too high?
Carlo Gavazzi Holding AG's current Cyclically Adjusted PB Ratio of 0.93 is 52% below median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.63. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.29. Carlo Gavazzi Holding AG's value of 0.93 is 59.4% below this industry median. Based on the distribution chart, Carlo Gavazzi Holding AG ranks #469 out of 2294 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Carlo Gavazzi Holding AG has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlo Gavazzi Holding AG's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Carlo Gavazzi Holding AG ranks #469 out of 2294 companies for Cyclically Adjusted PB Ratio. This places Carlo Gavazzi Holding AG in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.29. Carlo Gavazzi Holding AG's value of 0.93 is 59.4% below this benchmark. Historically, Carlo Gavazzi Holding AG's own Cyclically Adjusted PB Ratio has ranged from 0.85 to 2.63 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 2.29, Carlo Gavazzi Holding AG 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 2.29, based on 2,294 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. Carlo Gavazzi Holding AG's current Cyclically Adjusted PB Ratio of 0.93 is 59.4% 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 Carlo Gavazzi Holding AG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlo Gavazzi Holding AG's current Cyclically Adjusted PB Ratio is 0.93, which is 52% below median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlo Gavazzi Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Carlo Gavazzi Holding AG (XSWX:GAV) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF203.21, compared to a current price of CHF155.00 — trading 23.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 52% below median its 10-year median of 1.92 and 59.4% below the Industrial Products industry median of 2.29. Carlo Gavazzi Holding AG's overall GF Score™ is 74/100 with 4 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 Carlo Gavazzi Holding AG (XSWX:GAV), the current Cyclically Adjusted PB Ratio is 0.93 as of Jul. 10, 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 Carlo Gavazzi Holding AG (XSWX:GAV) Overvalued in 2026?

Based on GuruFocus' analysis, Carlo Gavazzi Holding AG stock appears to be undervalued. The current stock price of CHF155.00 is trading 23.7% below its estimated GF Value™ of CHF203.21. GuruFocus considers Carlo Gavazzi Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:GAV:

  • Cyclically Adjusted PB Ratio: 0.93 (52% below median its 10-year median of 1.92)
  • GF Value™: CHF203.21 vs. price of CHF155.00 (23.7% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 59.4% below the Industrial Products median (#469 of 2294)

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


Carlo Gavazzi Holding AG Business Description

Other Exchanges GAVz:UK0QL5:UKD9N0:Germany
Address Sumpfstrasse 3, Steinhausen, CHE, CH-6312
Carlo Gavazzi Holding AG is engaged in the designing, manufacturing, and marketing of electronic control components for industrial and building automation markets. The product portfolio of the company comprises sensors, monitoring relays, timers, energy management systems, solid-state relays, safety devices, Fieldbus systems, and others. Its products are marketed through a network of sales companies and independent national distributors. It has operational footprints across Switzerland, Italy, other Europe, the Middle East and Africa, the United States of America, other North America, and Asia.
74GF Score

Get the complete analysis for XSWX:GAV

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

CHF155.00
Price
CHF203.21
GF Value