thyssenkrupp AG (XSWX:TKA) Cyclically Adjusted PB Ratio: 0.89 (As of Jul. 13, 2026) — Near Median


XSWX:TKA thyssenkrupp AG XSWX:TKA
49 GF Score
Price CHF10.67
GF Value CHF3.88
Valuation Significantly Overvalued
! 8 Warning Signs
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What is thyssenkrupp AG Cyclically Adjusted PB Ratio?

thyssenkrupp AG XSWX:TKA 49 Cyclically Adjusted PB Ratio is 0.89 as of Jul. 13, 2026, which is 6% above its 10-year median of 0.84. GuruFocus rates XSWX:TKA with a GF Score™ of 49/100 and a GF Value™ of CHF3.88 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 479 Conglomerates companies, thyssenkrupp AG ranks better than 55.32% on this metric.

As of today (2026-07-13), thyssenkrupp AG's current share price is CHF10.67. thyssenkrupp AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CHF11.96. thyssenkrupp AG's Cyclically Adjusted PB Ratio for today is 0.89.

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

XSWX:TKA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.84   Max: 1.8
Current: 0.88

During the past years, thyssenkrupp AG's highest Cyclically Adjusted PB Ratio was 1.80. The lowest was 0.20. And the median was 0.84.

XSWX:TKA's Cyclically Adjusted PB Ratio is ranked better than
55.32% of 479 companies
in the Conglomerates industry
Industry Median: 1.05 vs XSWX:TKA: 0.88

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.

thyssenkrupp AG's adjusted book value per share data for the three months ended in Mar. 2026 was CHF13.389. 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 CHF11.96 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


thyssenkrupp AG  (XSWX:TKA) 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.


thyssenkrupp AG Cyclically Adjusted PB Ratio Related Terms


thyssenkrupp AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for thyssenkrupp 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.

thyssenkrupp AG Cyclically Adjusted PB Ratio Chart

thyssenkrupp AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.40 0.54 0.23 0.70

thyssenkrupp AG 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 0.60 0.56 0.70 0.73 0.57

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

For the Conglomerates subindustry, thyssenkrupp 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.


thyssenkrupp AG Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


XSWX:TKA
49GF Score
thyssenkrupp AG XSWX:TKA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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thyssenkrupp 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.

thyssenkrupp AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.67/11.96
=0.89

* 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.

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

For example, thyssenkrupp AG'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)
=13.389/131.2583*131.2583
=13.389

Current CPI (Mar. 2026) = 131.2583.

thyssenkrupp AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.275 100.717 5.571
201609 4.057 101.017 5.272
201612 5.235 101.217 6.789
201703 3.386 101.417 4.382
201706 3.354 102.117 4.311
201709 5.324 102.717 6.803
201712 5.190 102.617 6.639
201803 5.351 102.917 6.825
201806 5.319 104.017 6.712
201809 4.962 104.718 6.220
201812 5.329 104.217 6.712
201903 4.718 104.217 5.942
201906 3.615 105.718 4.488
201909 3.069 106.018 3.800
201912 2.580 105.818 3.200
202003 1.282 105.718 1.592
202006 -0.714 106.618 -0.879
202009 16.981 105.818 21.064
202012 16.543 105.518 20.579
202103 17.738 107.518 21.655
202106 18.145 108.486 21.954
202109 18.137 109.435 21.754
202112 18.332 110.384 21.799
202203 20.173 113.968 23.233
202206 22.394 115.760 25.392
202209 21.984 118.818 24.286
202212 22.127 119.345 24.336
202303 21.458 122.402 23.011
202306 21.047 123.140 22.435
202309 18.257 124.195 19.295
202312 16.328 123.773 17.315
202403 16.710 125.038 17.541
202406 16.853 125.882 17.573
202409 14.474 126.198 15.054
202412 14.420 127.041 14.899
202503 15.053 127.779 15.463
202506 13.691 128.412 13.994
202509 14.660 129.255 14.887
202512 13.742 129.361 13.944
202603 13.389 131.258 13.389

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 0.89 mean?
thyssenkrupp AG (XSWX:TKA) has a Cyclically Adjusted PB Ratio of 0.89 as of Jul. 13, 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 thyssenkrupp AG and its competitors. This is near median its historical median of 0.84. Over the past decade, thyssenkrupp AG's Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.80. According to the industry distribution chart, thyssenkrupp AG ranks #214 out of 479 companies in the Conglomerates industry, placing it in the top 44.7%.
Is thyssenkrupp AG's Cyclically Adjusted PB Ratio too high?
thyssenkrupp AG's current Cyclically Adjusted PB Ratio of 0.89 is near median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.80. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.05. thyssenkrupp AG's value of 0.89 is 15.2% below this industry median. Based on the distribution chart, thyssenkrupp AG ranks #214 out of 479 companies in the Conglomerates industry, which is above the industry midpoint. Overall, thyssenkrupp AG has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does thyssenkrupp AG's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, thyssenkrupp AG ranks #214 out of 479 companies for Cyclically Adjusted PB Ratio. This puts thyssenkrupp AG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.05. thyssenkrupp AG's value of 0.89 is 15.2% below this benchmark. Historically, thyssenkrupp AG's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 1.80 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.05, thyssenkrupp 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 a Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.05, based on 479 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. thyssenkrupp AG's current Cyclically Adjusted PB Ratio of 0.89 is 15.2% 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 thyssenkrupp AG and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. thyssenkrupp AG's current Cyclically Adjusted PB Ratio is 0.89, which is near median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is thyssenkrupp AG stock overvalued right now?
Based on GuruFocus' analysis, thyssenkrupp AG (XSWX:TKA) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF3.88, compared to a current price of CHF10.67 — trading 175% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.89, which is near median its 10-year median of 0.84 and 15.2% below the Conglomerates industry median of 1.05. thyssenkrupp AG's overall GF Score™ is 49/100 with 8 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 thyssenkrupp AG (XSWX:TKA), the current Cyclically Adjusted PB Ratio is 0.89 as of Jul. 13, 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 thyssenkrupp AG (XSWX:TKA) Overvalued in 2026?

Based on GuruFocus' analysis, thyssenkrupp AG stock appears to be overvalued. The current stock price of CHF10.67 is trading 175% above its estimated GF Value™ of CHF3.88. GuruFocus considers thyssenkrupp AG to be Significantly Overvalued.

Key valuation signals for XSWX:TKA:

  • Cyclically Adjusted PB Ratio: 0.89 (near median its 10-year median of 0.84)
  • GF Value™: CHF3.88 vs. price of CHF10.67 (175% above fair value)
  • GF Score™: 49/100 with 8 warning signs
  • Industry Position: 15.2% below the Conglomerates median (#214 of 479)

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


thyssenkrupp AG Business Description

Address ThyssenKrupp Allee 1, Essen, NW, DEU, 45143
thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automotive Technology, Steel Europe, and Marine Systems. Automotive Technology is one of the German suppliers and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius, and the majority investment in thyssenkrupp Nucera. Material Services includes the distribution of mill-independent materials, distributors, and services. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. it generates the majority of Revenue from Materials Services.
49GF Score

Get the complete analysis for XSWX:TKA

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

CHF10.67
Price
CHF3.88
GF Value