R Stahl AG (XTER:RSL2) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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.

XTER:RSL2 R Stahl AG XTER:RSL2
71 GF Score
Price €12.30
GF Value €15.87
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is R Stahl AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


R Stahl AG  (XTER:RSL2) 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.


R Stahl AG Cyclically Adjusted PB Ratio Related Terms


R Stahl AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for R Stahl 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.

R Stahl AG Cyclically Adjusted PB Ratio Chart

R Stahl AG 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 1.34 1.27 1.63 1.29 1.23

R Stahl AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.49 1.30 1.19 1.10 1.16

XTER:RSL2 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, R Stahl 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.


R Stahl AG Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


XTER:RSL2
71GF Score
R Stahl AG XTER:RSL2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

R Stahl 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.

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

For example, R Stahl AG's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=11.376/131.3638*131.3638
=11.376

Current CPI (Jun. 2026) = 131.3638.

R Stahl AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.545 101.017 17.614
201612 14.715 101.217 19.098
201703 14.517 101.417 18.804
201706 13.426 102.117 17.271
201709 13.099 102.717 16.752
201712 10.722 102.617 13.726
201803 10.306 102.917 13.155
201806 10.022 104.017 12.657
201809 10.457 104.718 13.118
201812 9.667 104.217 12.185
201903 8.989 104.217 11.330
201906 8.357 105.718 10.384
201909 8.348 106.018 10.344
201912 9.075 105.818 11.266
202003 9.297 105.718 11.552
202006 8.546 106.618 10.530
202009 7.800 105.818 9.683
202012 7.476 105.518 9.307
202103 7.974 107.518 9.743
202106 7.751 108.486 9.386
202109 7.637 109.435 9.167
202112 7.728 110.384 9.197
202203 8.127 113.968 9.367
202206 9.475 115.760 10.752
202209 11.064 118.818 12.232
202212 11.078 119.345 12.194
202303 11.234 122.402 12.056
202306 11.300 123.140 12.055
202309 12.763 124.195 13.500
202312 10.515 123.773 11.160
202403 10.888 125.038 11.439
202406 11.732 125.882 12.243
202409 11.498 126.198 11.969
202412 11.230 127.041 11.612
202503 11.175 127.779 11.488
202506 10.480 128.412 10.721
202509 10.740 129.255 10.915
202512 11.750 129.361 11.932
202603 11.881 131.258 11.891
202606 11.376 131.364 11.376

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 R Stahl AG (XTER:RSL2) Overvalued in 2026?

Based on GuruFocus' analysis, R Stahl AG stock appears to be undervalued. The current stock price of €12.30 is trading 22.5% below its estimated GF Value™ of €15.87. GuruFocus considers R Stahl AG to be Modestly Undervalued.

Key valuation signals for XTER:RSL2:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €15.87 vs. price of €12.30 (22.5% below fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the XTER:RSL2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


R Stahl AG Business Description

Other Exchanges 0Q9C:UKRSL2:Austria
Address Am Bahnhof 30, Waldenburg, BW, DEU, 74638
R Stahl AG provides explosion protection products and system solutions. The company's products are Luminaires, Junction and terminal boxes, Control boxes, Control systems, and distribution boards, Operating and monitoring systems, Automation interfaces and solutions, Cable glands, components and enclosures, Cameras and CCTV equipment, Signalling devices, Plugs, and sockets. Its system solutions include Automation, Container systems, Power distribution, Lighting, and Machine control. The products are used in the oil and gas industries, chemical industries, marine and shipbuilding, Pharma industry, machine building, foods and beverages industry, and other industries.
71GF Score

Get the complete analysis for XTER:RSL2

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

€12.30
Price
€15.87
GF Value