Allgeier SE (CHIX:AEIND) Cyclically Adjusted PB Ratio: 1.25 (As of Jul. 18, 2026) — 15% Below 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.

CHIX:AEIND Allgeier SE CHIX:AEIND
63 GF Score
Price €16.50
GF Value €17.18
! 5 Warning Signs
View Full Analysis

What is Allgeier SE Cyclically Adjusted PB Ratio?

Allgeier SE CHIX:AEIND 63 Cyclically Adjusted PB Ratio is 1.25 as of Jul. 18, 2026, which is 15% below its 10-year median of 1.47. GuruFocus rates CHIX:AEIND with a GF Score™ of 63/100 and a GF Value™ of €17.18. The stock has 5 warning signs investors should review. Among 1,597 Software companies, Allgeier SE ranks better than 69.63% on this metric.

As of today (2026-07-18), Allgeier SE's current share price is €16.50. Allgeier SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €13.15. Allgeier SE's Cyclically Adjusted PB Ratio for today is 1.25.

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

CHIX:AEINd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.47   Max: 4.67
Current: 1.21

During the past years, Allgeier SE's highest Cyclically Adjusted PB Ratio was 4.67. The lowest was 0.36. And the median was 1.47.

CHIX:AEINd's Cyclically Adjusted PB Ratio is ranked better than
69.63% of 1597 companies
in the Software industry
Industry Median: 2.3 vs CHIX:AEINd: 1.21

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.

Allgeier SE's adjusted book value per share data for the three months ended in Mar. 2026 was €12.505. 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 €13.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Allgeier SE  (CHIX:AEINd) 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.


Allgeier SE Cyclically Adjusted PB Ratio Related Terms


Allgeier SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Allgeier SE'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.

Allgeier SE Cyclically Adjusted PB Ratio Chart

Allgeier SE 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 4.66 2.21 1.63 1.13 1.57

Allgeier SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.41 1.49 1.39 1.57 1.25

CHIX:AEIND vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Allgeier 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.


Allgeier SE Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Allgeier SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:AEIND
63GF Score
Allgeier SE CHIX:AEIND
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Allgeier SE 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.

Allgeier SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.50/13.15
=1.25

* 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.

Allgeier SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Allgeier SE'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)
=12.505/131.2583*131.2583
=12.505

Current CPI (Mar. 2026) = 131.2583.

Allgeier SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.852 100.717 14.143
201609 10.940 101.017 14.215
201612 11.592 101.217 15.033
201703 11.644 101.417 15.070
201706 11.001 102.117 14.140
201709 11.036 102.717 14.102
201712 10.478 102.617 13.402
201803 10.976 102.917 13.999
201806 11.460 104.017 14.461
201809 11.077 104.718 13.884
201812 10.807 104.217 13.611
201903 11.463 104.217 14.437
201906 13.528 105.718 16.796
201909 13.624 106.018 16.868
201912 12.790 105.818 15.865
202003 12.558 105.718 15.592
202006 12.459 106.618 15.338
202009 16.914 105.818 20.980
202012 8.966 105.518 11.153
202103 9.022 107.518 11.014
202106 8.835 108.486 10.690
202109 9.192 109.435 11.025
202112 10.074 110.384 11.979
202203 10.208 113.968 11.757
202206 10.348 115.760 11.733
202209 10.467 118.818 11.563
202212 11.565 119.345 12.719
202303 11.710 122.402 12.557
202306 11.241 123.140 11.982
202309 11.356 124.195 12.002
202312 12.109 123.773 12.841
202403 12.062 125.038 12.662
202406 11.485 125.882 11.976
202409 11.997 126.198 12.478
202412 12.157 127.041 12.561
202503 11.930 127.779 12.255
202506 11.115 128.412 11.361
202509 11.249 129.255 11.423
202512 13.292 129.361 13.487
202603 12.505 131.258 12.505

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 1.25 mean?
Allgeier SE (CHIX:AEIND) has a Cyclically Adjusted PB Ratio of 1.25 as of Jul. 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 Allgeier SE and its competitors. This is 15% below median its historical median of 1.47. Over the past decade, Allgeier SE's Cyclically Adjusted PB Ratio has ranged from 0.36 to 4.67. According to the industry distribution chart, Allgeier SE ranks #485 out of 1597 companies in the Software industry, placing it in the top 30.4%.
Is Allgeier SE's Cyclically Adjusted PB Ratio too high?
Allgeier SE's current Cyclically Adjusted PB Ratio of 1.25 is 15% below median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 4.67. The Software industry median Cyclically Adjusted PB Ratio is 2.30. Allgeier SE's value of 1.25 is 45.7% below this industry median. Based on the distribution chart, Allgeier SE ranks #485 out of 1597 companies in the Software industry, which is above the industry midpoint. Overall, Allgeier SE has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Allgeier SE's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Allgeier SE ranks #485 out of 1597 companies for Cyclically Adjusted PB Ratio. This puts Allgeier SE in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.30. Allgeier SE's value of 1.25 is 45.7% below this benchmark. Historically, Allgeier SE's own Cyclically Adjusted PB Ratio has ranged from 0.36 to 4.67 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 2.30, Allgeier SE 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.30, based on 1,597 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. Allgeier SE's current Cyclically Adjusted PB Ratio of 1.25 is 45.7% 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 Allgeier SE and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allgeier SE's current Cyclically Adjusted PB Ratio is 1.25, which is 15% below median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allgeier SE stock overvalued right now?
Allgeier SE (CHIX:AEIND) has a current Cyclically Adjusted PB Ratio of 1.25. The stock's GF Value™ is €17.18, compared to a current price of €16.50 — trading 4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.25, which is 15% below median its 10-year median of 1.47 and 45.7% below the Software industry median of 2.30. Allgeier SE's overall GF Score™ is 63/100 with 5 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 Allgeier SE (CHIX:AEIND), the current Cyclically Adjusted PB Ratio is 1.25 as of Jul. 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 Allgeier SE (CHIX:AEIND) Overvalued in 2026?

Based on GuruFocus' analysis, Allgeier SE stock appears to be undervalued. The current stock price of €16.50 is trading 4% below its estimated GF Value™ of €17.18.

Key valuation signals for CHIX:AEIND:

  • Cyclically Adjusted PB Ratio: 1.25 (15% below median its 10-year median of 1.47)
  • GF Value™: €17.18 vs. price of €16.50 (4% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 45.7% below the Software median (#485 of 1597)

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


Allgeier SE Business Description

Other Exchanges 0RUM:UKAEIN:Germany
Address Montgelasstrasse 14, Munich, DEU, 81679
Allgeier SE offers IT services. The company offers its clients a full-service approach, from design to implementing and operating their IT environment. Its business consists of two segments namely Enterprise IT, and MGM technology partners. The company also provides nearshore/offshore delivery services; data/business intelligence services; industry solutions and cloud services; managed and application management services; mobile enterprise/application services; and process and IT consulting services. The company has many branches in Germany, Austria, Switzerland, India, China, Singapore, Vietnam, Malaysia, Japan, Australia, South Africa, Mexico, and the USA. It generates the majority of revenue from the Enterprise IT segment.
63GF Score

Get the complete analysis for CHIX:AEIND

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

€16.50
Price
€17.18
GF Value