Vossloh AG (XTER:VOS) Cyclically Adjusted PB Ratio: 1.61 (As of Sep. 20, 2026) — 33% Above Median

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:VOS Vossloh AG XTER:VOS
79 GF Score
Price €54.65
GF Value €57.19
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Vossloh AG Cyclically Adjusted PB Ratio?

Vossloh AG XTER:VOS -0.91% 79 Cyclically Adjusted PB Ratio is 1.61 as of Sep. 20, 2026, which is 33% above its 10-year median of 1.21. GuruFocus rates XTER:VOS with a GF Score™ of 79/100 and a GF Value™ of €57.19 (Fairly Valued). The stock has 3 warning signs investors should review. Among 698 Transportation companies, Vossloh AG ranks worse than 59.6% on this metric.

As of today (2026-09-20), Vossloh AG's current share price is €54.65. Vossloh AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €34.04. Vossloh AG's Cyclically Adjusted PB Ratio for today is 1.61.

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

XTER:VOS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.21   Max: 2.58
Current: 1.54

During the past years, Vossloh AG's highest Cyclically Adjusted PB Ratio was 2.58. The lowest was 0.77. And the median was 1.21.

XTER:VOS's Cyclically Adjusted PB Ratio is ranked worse than
59.6% of 698 companies
in the Transportation industry
Industry Median: 1.27 vs XTER:VOS: 1.54

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.

Vossloh AG's adjusted book value per share data for the three months ended in Jun. 2026 was €33.964. 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 €34.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vossloh AG  (XTER:VOS) 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.


Vossloh AG Cyclically Adjusted PB Ratio Related Terms


Vossloh AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vossloh 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.

Vossloh AG Cyclically Adjusted PB Ratio Chart

Vossloh 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 1.35 1.16 1.27 1.28 2.26

Vossloh 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 2.49 2.65 2.25 1.98 1.85

XTER:VOS vs UNP, CSX, NSC: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, Vossloh 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.


Vossloh AG Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


XTER:VOS
79GF Score
Vossloh AG XTER:VOS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vossloh 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=54.65/34.043
=1.61

* 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.

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

For example, Vossloh 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)
=33.964/131.3638*131.3638
=33.964

Current CPI (Jun. 2026) = 131.3638.

Vossloh AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 34.176 101.017 44.443
201612 34.495 101.217 44.769
201703 34.852 101.417 45.143
201706 35.021 102.117 45.051
201709 35.272 102.717 45.109
201712 33.343 102.617 42.684
201803 33.011 102.917 42.135
201806 32.522 104.017 41.072
201809 32.573 104.718 40.861
201812 32.773 104.217 41.310
201903 31.527 104.217 39.739
201906 30.260 105.718 37.601
201909 26.372 106.018 32.677
201912 22.979 105.818 28.527
202003 22.369 105.718 27.796
202006 22.295 106.618 27.470
202009 22.996 105.818 28.548
202012 23.480 105.518 29.231
202103 24.220 107.518 29.592
202106 23.952 108.486 29.003
202109 24.527 109.435 29.442
202112 25.028 110.384 29.785
202203 25.609 113.968 29.518
202206 25.489 115.760 28.925
202209 27.146 118.818 30.012
202212 27.146 119.345 29.880
202303 27.214 122.402 29.206
202306 27.175 123.140 28.990
202309 27.784 124.195 29.388
202312 27.909 123.773 29.621
202403 28.552 125.038 29.996
202406 29.150 125.882 30.420
202409 29.429 126.198 30.634
202412 31.241 127.041 32.304
202503 31.221 127.779 32.097
202506 31.686 128.412 32.414
202509 32.530 129.255 33.061
202512 34.543 129.361 35.078
202603 34.212 131.258 34.239
202606 33.964 131.364 33.964

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 1.61 mean?
Vossloh AG (XTER:VOS) has a Cyclically Adjusted PB Ratio of 1.61 as of Sep. 20, 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 Vossloh AG and its competitors. This is 33% above median its historical median of 1.21. Over the past decade, Vossloh AG's Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.58. According to the industry distribution chart, Vossloh AG ranks #416 out of 698 companies in the Transportation industry, placing it in the top 59.6%.
Is Vossloh AG's Cyclically Adjusted PB Ratio too high?
Vossloh AG's current Cyclically Adjusted PB Ratio of 1.61 is 33% above median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.58. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Vossloh AG's value of 1.61 is 26.8% above this industry median. Based on the distribution chart, Vossloh AG ranks #416 out of 698 companies in the Transportation industry, which is below the industry midpoint. Overall, Vossloh AG has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vossloh AG's Cyclically Adjusted PB Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Vossloh AG ranks #416 out of 698 companies for Cyclically Adjusted PB Ratio. This places Vossloh AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Vossloh AG's value of 1.61 is 26.8% above this benchmark. Historically, Vossloh AG's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.58 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 1.27, Vossloh 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 698 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. Vossloh AG's current Cyclically Adjusted PB Ratio of 1.61 is 26.8% 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 Vossloh AG and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vossloh AG's current Cyclically Adjusted PB Ratio is 1.61, which is 33% above median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vossloh AG stock overvalued right now?
Based on GuruFocus' analysis, Vossloh AG (XTER:VOS) is currently considered Fairly Valued. The stock's GF Value™ is €57.19, compared to a current price of €54.65 — trading 4.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.61, which is 33% above median its 10-year median of 1.21 and 26.8% above the Transportation industry median of 1.27. Vossloh AG's overall GF Score™ is 79/100 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 Vossloh AG (XTER:VOS), the current Cyclically Adjusted PB Ratio is 1.61 as of Sep. 20, 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 Vossloh AG (XTER:VOS) Overvalued in 2026?

Based on GuruFocus' analysis, Vossloh AG stock appears to be undervalued. The current stock price of €54.65 is trading 4.4% below its estimated GF Value™ of €57.19. GuruFocus considers Vossloh AG to be Fairly Valued.

Key valuation signals for XTER:VOS:

  • Cyclically Adjusted PB Ratio: 1.61 (33% above median its 10-year median of 1.21)
  • GF Value™: €57.19 vs. price of €54.65 (4.4% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 26.8% above the Transportation median (#416 of 698)

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


Vossloh AG Business Description

Other Exchanges VOSSF:USA0N2Z:UKVOS:Austria
Address Vosslohstrasse 4, Werdohl, NW, DEU, 58791
Vossloh AG is a rail infrastructure manufacturer domiciled in Germany. The company organizes itself into three segments: Customized Modules, Core Components, and Life Cycle Solutions (rail solutions). The Core Components segment provides rail fastening systems and manufactures concrete railway ties. The Customized Modules segment manufactures, installs, and maintains switch systems and monitoring equipment for rail networks, and the Life Cycle Solutions segment maintains, tracks, switches, and recycles old rails. The company also provides digital-based services for the entire lifecycle of rails and switches. It derives a majority of its revenue in Europe, and the rest from its operations in Asia, Africa including the Middle East, Australia, and the Americas.
79GF Score

Get the complete analysis for XTER:VOS

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

€54.65
Price
€57.19
GF Value