AANNF (Aroundtown) Cyclically Adjusted PB Ratio: 0.20 (As of Sep. 18, 2026) — 17% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

AANNF Aroundtown SA AANNF
62 GF Score
Price $2.30
GF Value $3.21
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Aroundtown Cyclically Adjusted PB Ratio?

Aroundtown AANNF +0.44% 62 Cyclically Adjusted PB Ratio is 0.20 as of Sep. 18, 2026, which is 17% below its 10-year median of 0.24. GuruFocus rates AANNF with a GF Score™ of 62/100 and a GF Value™ of $3.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,300 Real Estate companies, Aroundtown ranks better than 85.08% on this metric.

As of today (2026-09-18), Aroundtown's current share price is $2.30. Aroundtown's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $11.49. Aroundtown's Cyclically Adjusted PB Ratio for today is 0.20.

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

AANNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.24   Max: 0.33
Current: 0.16

During the past years, Aroundtown's highest Cyclically Adjusted PB Ratio was 0.33. The lowest was 0.16. And the median was 0.24.

AANNF's Cyclically Adjusted PB Ratio is ranked better than
85.08% of 1300 companies
in the Real Estate industry
Industry Median: 0.66 vs AANNF: 0.16

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.

Aroundtown's adjusted book value per share data for the three months ended in Jun. 2026 was $10.856. 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 $11.49 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aroundtown  (OTCPK:AANNF) 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.


Aroundtown Cyclically Adjusted PB Ratio Related Terms


Aroundtown Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aroundtown'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.

Aroundtown Cyclically Adjusted PB Ratio Chart

Aroundtown 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 0.00 0.00 0.24 0.31 0.26

Aroundtown 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 0.34 0.34 0.28 0.23 0.24

AANNF vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Aroundtown'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.


Aroundtown Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Aroundtown's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AANNF
62GF Score
Aroundtown SA AANNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aroundtown 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.

Aroundtown's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.30/11.493
=0.20

* 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.

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

For example, Aroundtown'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)
=10.856/128.6000*128.6000
=10.856

Current CPI (Jun. 2026) = 128.6000.

Aroundtown Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.605 100.750 7.154
201612 5.401 101.040 6.874
201703 5.854 101.780 7.397
201706 6.516 102.170 8.202
201709 7.137 102.520 8.953
201712 7.699 102.410 9.668
201803 8.128 102.900 10.158
201806 7.688 103.650 9.539
201809 8.052 104.580 9.901
201812 8.505 104.320 10.484
201903 8.821 105.140 10.789
201906 9.564 105.550 11.653
201909 9.416 105.900 11.434
201912 9.995 106.080 12.117
202003 10.660 106.040 12.928
202006 11.081 106.340 13.401
202009 12.135 106.620 14.637
202012 13.265 106.670 15.992
202103 11.010 108.140 13.093
202106 11.053 108.680 13.079
202109 12.967 109.470 15.233
202112 14.848 111.090 17.188
202203 11.017 114.780 12.343
202206 10.308 116.750 11.354
202209 9.809 117.000 10.782
202212 13.103 117.060 14.395
202303 12.934 118.910 13.988
202306 11.670 120.460 12.459
202309 11.178 121.740 11.808
202312 10.502 121.170 11.146
202403 10.335 122.590 10.842
202406 9.748 123.120 10.182
202409 10.240 123.300 10.680
202412 9.913 122.430 10.413
202503 10.556 124.210 10.929
202506 11.653 125.820 11.910
202509 11.762 126.570 11.951
202512 11.890 126.180 12.118
202603 11.555 127.160 11.686
202606 10.856 128.600 10.856

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 0.20 mean?
Aroundtown (AANNF) has a Cyclically Adjusted PB Ratio of 0.20 as of Sep. 18, 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 Aroundtown and its competitors. This is 17% below median its historical median of 0.24. Over the past decade, Aroundtown's Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.33. According to the industry distribution chart, Aroundtown ranks #194 out of 1300 companies in the Real Estate industry, placing it in the top 14.9%.
Is Aroundtown's Cyclically Adjusted PB Ratio too high?
Aroundtown's current Cyclically Adjusted PB Ratio of 0.20 is 17% below median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.33. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. Aroundtown's value of 0.20 is 69.7% below this industry median. Based on the distribution chart, Aroundtown ranks #194 out of 1300 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Aroundtown has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aroundtown's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Aroundtown ranks #194 out of 1300 companies for Cyclically Adjusted PB Ratio. This places Aroundtown in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.66. Aroundtown's value of 0.20 is 69.7% below this benchmark. Historically, Aroundtown's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 0.33 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.66, Aroundtown 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.66, based on 1,300 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. Aroundtown's current Cyclically Adjusted PB Ratio of 0.20 is 69.7% 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 Aroundtown and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aroundtown's current Cyclically Adjusted PB Ratio is 0.20, which is 17% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aroundtown stock overvalued right now?
Based on GuruFocus' analysis, Aroundtown (AANNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.21, compared to a current price of $2.30 — trading 28.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.20, which is 17% below median its 10-year median of 0.24 and 69.7% below the Real Estate industry median of 0.66. Aroundtown's overall GF Score™ is 62/100 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 Aroundtown (AANNF), the current Cyclically Adjusted PB Ratio is 0.20 as of Sep. 18, 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 Aroundtown (AANNF) Overvalued in 2026?

Based on GuruFocus' analysis, Aroundtown stock appears to be undervalued. The current stock price of $2.30 is trading 28.3% below its estimated GF Value™ of $3.21. GuruFocus considers Aroundtown to be Modestly Undervalued.

Key valuation signals for AANNF:

  • Cyclically Adjusted PB Ratio: 0.20 (17% below median its 10-year median of 0.24)
  • GF Value™: $3.21 vs. price of $2.30 (28.3% below fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 69.7% below the Real Estate median (#194 of 1300)

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


Aroundtown Business Description

Address 37, Boulevard Joseph II, Luxembourg, LUX, L-1840
Aroundtown SA is a Luxembourg-based specialist real estate investment group focusing on value-add income-generating properties in the German markets. The group covers commercial and residential real estate assets that benefit from fundamentals and growth prospects. The company operates in Germany, the Netherlands, the United Kingdom, Belgium, and other countries, out of which the majority of the revenue is generated from the German markets.
62GF Score

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

$2.30
Price
$3.21
GF Value