Gevo (FRA:ZGV3) Cyclically Adjusted Book per Share: €35.27 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

FRA:ZGV3 Gevo Inc FRA:ZGV3
69 GF Score
Price €1.31
GF Value €7.43
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Gevo Cyclically Adjusted Book per Share?

Gevo FRA:ZGV3 +5.22% 69 Cyclically Adjusted Book per Share is €35.27 as of Mar. 2026. GuruFocus rates FRA:ZGV3 with a GF Score™ of 69/100 and a GF Value™ of €7.43 (Possible Value Trap). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Gevo's adjusted book value per share for the three months ended in Mar. 2026 was €1.593. 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 €35.27 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Gevo's average Cyclically Adjusted Book Growth Rate was -78.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -68.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -60.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Gevo was -21.90% per year. The lowest was -68.10% per year. And the median was -52.10% per year.

As of today (2026-08-03), Gevo's current stock price is €1.31. Gevo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €35.27. Gevo's Cyclically Adjusted PB Ratio of today is 0.04.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gevo was 0.06. The lowest was 0.01. And the median was 0.02.


Gevo  (FRA:ZGV3) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Gevo's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.31/35.27
=0.04

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gevo was 0.06. The lowest was 0.01. And the median was 0.02.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Gevo Cyclically Adjusted Book per Share Related Terms


Gevo Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Gevo's Cyclically Adjusted Book per Share 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.

Gevo Cyclically Adjusted Book per Share Chart

Gevo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,391.13 1,702.72 671.08 247.77 49.60

Gevo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 167.11 109.34 77.01 49.60 35.27

FRA:ZGV3 vs OEC, ALTO, MATV: Cyclically Adjusted Book per Share Comparison

For the Specialty Chemicals subindustry, Gevo'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.


Gevo Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gevo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:ZGV3
69GF Score
Gevo Inc FRA:ZGV3
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gevo Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Gevo'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)
=1.593/330.2130*330.2130
=1.593

Current CPI (Mar. 2026) = 330.2130.

Gevo Quarterly Data

Book Value per Share CPI Adj_Book
201606 232.220 241.018 318.159
201609 181.429 241.428 248.149
201612 185.486 241.432 253.694
201703 95.486 243.801 129.330
201706 74.196 244.955 100.020
201709 56.103 246.819 75.059
201712 49.206 246.524 65.910
201803 43.984 249.554 58.200
201806 10.670 251.989 13.982
201809 9.869 252.439 12.910
201812 9.032 251.233 11.871
201903 6.889 254.202 8.949
201906 6.373 256.143 8.216
201909 5.224 256.759 6.718
201912 4.634 256.974 5.955
202003 3.994 258.115 5.110
202006 3.428 257.797 4.391
202009 0.956 260.280 1.213
202012 0.939 260.474 1.190
202103 2.527 264.877 3.150
202106 2.415 271.696 2.935
202109 2.357 274.310 2.837
202112 2.398 278.802 2.840
202203 2.405 287.504 2.762
202206 2.670 296.311 2.975
202209 2.661 296.808 2.960
202212 2.410 296.797 2.681
202303 2.336 301.836 2.556
202306 2.265 305.109 2.451
202309 2.229 307.789 2.391
202312 2.125 306.746 2.288
202403 2.081 312.332 2.200
202406 2.019 314.175 2.122
202409 1.900 315.301 1.990
202412 1.954 315.605 2.044
202503 1.814 319.799 1.873
202506 1.700 322.561 1.740
202509 1.650 324.800 1.677
202512 1.643 324.054 1.674
202603 1.593 330.213 1.593

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €35.27 mean?
Gevo (FRA:ZGV3) has a Cyclically Adjusted Book per Share of €35.27 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Gevo and its competitors.
Is Gevo's Cyclically Adjusted Book per Share too high?
Gevo's current Cyclically Adjusted Book per Share is €35.27. Overall, Gevo has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gevo's Cyclically Adjusted Book per Share compare to OEC and ALTO?
Gevo's Cyclically Adjusted Book per Share of €35.27 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Chemicals company?
A good Cyclically Adjusted Book per Share depends on the Chemicals industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Gevo and its competitors. Gevo's current Cyclically Adjusted Book per Share is €35.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gevo stock overvalued right now?
Based on GuruFocus' analysis, Gevo (FRA:ZGV3) is currently considered Possible Value Trap. The stock's GF Value™ is €7.43, compared to a current price of €1.31 — trading 82.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is €35.27. Gevo's overall GF Score™ is 69/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Gevo (FRA:ZGV3), the current Cyclically Adjusted Book per Share is €35.27 as of Mar. 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 Gevo (FRA:ZGV3) Overvalued in 2026?

Based on GuruFocus' analysis, Gevo stock appears to be undervalued. The current stock price of €1.31 is trading 82.4% below its estimated GF Value™ of €7.43. GuruFocus considers Gevo to be Possible Value Trap.

Key valuation signals for FRA:ZGV3:

  • Cyclically Adjusted Book per Share: €35.27
  • GF Value™: €7.43 vs. price of €1.31 (82.4% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the FRA:ZGV3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gevo Business Description

Address 345 Inverness Drive South, Building C, Suite 310, Englewood, CO, USA, 80112
Gevo Inc is a growth-oriented company that focuses on hard to decarbonize market sectors such as jet fuel, certain specialty fuels, on-road fuels, chemicals and materials, and certain products for the food chain such as protein and feeds made as co-products from its processes. It produces and sells competitively priced, renewable, drop-in products for these sectors, and generate carbon abatement value through its plant design and business systems. It owns and operates an ethanol plant with an adjacent CCS facility, Class VI carbon-storage well, and others. The group is currently developing the world's first large-scale ATJ facility to be co-located at the North Dakota site.
69GF Score

Get the complete analysis for FRA:ZGV3

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

€1.31
Price
€7.43
GF Value