NRXXY (Nordex SE) Cyclically Adjusted Book per Share: $3.79 (As of Jun. 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.

NRXXY Nordex SE NRXXY
53 GF Score
Price $22.22
GF Value $9.26
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nordex SE Cyclically Adjusted Book per Share?

Nordex SE NRXXY 53 Cyclically Adjusted Book per Share is $3.79 as of Jun. 2026. GuruFocus rates NRXXY with a GF Score™ of 53/100 and a GF Value™ of $9.26 (Significantly Overvalued). The stock has 2 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.

Nordex SE's adjusted book value per share for the three months ended in Jun. 2026 was $3.533. 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 $3.79 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Nordex SE's average Cyclically Adjusted Book Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.30% 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 Nordex SE was 5.10% per year. The lowest was 1.20% per year. And the median was 3.50% per year.

As of today (2026-08-14), Nordex SE's current stock price is $22.22. Nordex SE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $3.79. Nordex SE's Cyclically Adjusted PB Ratio of today is 5.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nordex SE was 7.16. The lowest was 0.91. And the median was 1.89.


Nordex SE  (OTCPK:NRXXY) 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.

Nordex SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.22/3.79
=5.86

* 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 Nordex SE was 7.16. The lowest was 0.91. And the median was 1.89.


Be Aware

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


Nordex SE Cyclically Adjusted Book per Share Related Terms


Nordex SE Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Nordex SE'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.

Nordex SE Cyclically Adjusted Book per Share Chart

Nordex SE 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 4.22 3.02 3.25 3.70 3.95

Nordex SE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.12 3.56 3.95 3.90 3.79

NRXXY vs GEV, ETN, PH: Cyclically Adjusted Book per Share Comparison

For the Specialty Industrial Machinery subindustry, Nordex SE'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.


Nordex SE Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NRXXY
53GF Score
Nordex SE NRXXY
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nordex SE 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, Nordex SE'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)
=3.533/131.3638*131.3638
=3.533

Current CPI (Jun. 2026) = 131.3638.

Nordex SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.571 101.017 5.944
201612 4.466 101.217 5.796
201703 4.571 101.417 5.921
201706 4.846 102.117 6.234
201709 5.123 102.717 6.552
201712 4.899 102.617 6.271
201803 4.315 102.917 5.508
201806 3.925 104.017 4.957
201809 3.810 104.718 4.779
201812 3.573 104.217 4.504
201903 3.374 104.217 4.253
201906 3.301 105.718 4.102
201909 2.794 106.018 3.462
201912 3.391 105.818 4.210
202003 3.200 105.718 3.976
202006 2.559 106.618 3.153
202009 2.785 105.818 3.457
202012 3.503 105.518 4.361
202103 3.073 107.518 3.755
202106 3.047 108.486 3.690
202109 4.169 109.435 5.004
202112 3.495 110.384 4.159
202203 2.502 113.968 2.884
202206 2.086 115.760 2.367
202209 2.267 118.818 2.506
202212 2.194 119.345 2.415
202303 1.536 122.402 1.648
202306 2.269 123.140 2.421
202309 2.115 124.195 2.237
202312 2.252 123.773 2.390
202403 2.213 125.038 2.325
202406 2.209 125.882 2.305
202409 2.294 126.198 2.388
202412 2.194 127.041 2.269
202503 2.259 127.779 2.322
202506 2.469 128.412 2.526
202509 2.656 129.255 2.699
202512 3.163 129.361 3.212
202603 3.248 131.258 3.251
202606 3.533 131.364 3.533

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 $3.79 mean?
Nordex SE (NRXXY) has a Cyclically Adjusted Book per Share of $3.79 as of Jun. 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 Nordex SE and its competitors.
Is Nordex SE's Cyclically Adjusted Book per Share too high?
Nordex SE's current Cyclically Adjusted Book per Share is $3.79. Overall, Nordex SE has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordex SE's Cyclically Adjusted Book per Share compare to GEV and ETN?
Nordex SE's Cyclically Adjusted Book per Share of $3.79 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Cyclically Adjusted Book per Share depends on the Industrial Products 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 Nordex SE and its competitors. Nordex SE's current Cyclically Adjusted Book per Share is $3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordex SE stock overvalued right now?
Based on GuruFocus' analysis, Nordex SE (NRXXY) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.26, compared to a current price of $22.22 — trading 140% above its estimated fair value. The current Cyclically Adjusted Book per Share is $3.79. Nordex SE's overall GF Score™ is 53/100 with 2 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 Nordex SE (NRXXY), the current Cyclically Adjusted Book per Share is $3.79 as of Jun. 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 Nordex SE (NRXXY) Overvalued in 2026?

Based on GuruFocus' analysis, Nordex SE stock appears to be overvalued. The current stock price of $22.22 is trading 140% above its estimated GF Value™ of $9.26. GuruFocus considers Nordex SE to be Significantly Overvalued.

Key valuation signals for NRXXY:

  • Cyclically Adjusted Book per Share: $3.79
  • GF Value™: $9.26 vs. price of $22.22 (140% above fair value)
  • GF Score™: 53/100 with 2 warning signs

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


Nordex SE Business Description

Address Langenhorner Chaussee 600, Hamburg, DEU, 22419
Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The Projects segment includes all activities associated with the development, production, assembly, and commissioning of wind turbines, including project development. The Services segment provides services and products for turbines, which have been handed over to the customer, such as maintenance, remote monitoring of wind farms, repairs, technical and efficiency enhancements for existing turbines. The majority of the company's revenue is generated from the Projects segment. Geographically, it operates across different markets in Europe, North America, Latin America, and the Rest of the World.
53GF Score

Get the complete analysis for NRXXY

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

$22.22
Price
$9.26
GF Value