Edenred SE (CHIX:EDENP) Cyclically Adjusted PB Ratio: (As of Jul. 27, 2026)

Author: Vera Yuan 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
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:EDENP Edenred SE CHIX:EDENP
89 GF Score
Price €25.55
GF Value €43.36
Valuation Possible Value Trap
! 7 Warning Signs
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What is Edenred SE Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Edenred SE  (CHIX:EDENp) 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.


Edenred SE Cyclically Adjusted PB Ratio Related Terms


Edenred SE Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Edenred 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.

Edenred SE Cyclically Adjusted PB Ratio Chart

Edenred 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 0.00 0.00 0.00 0.00 0.00

Edenred SE Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 0.00

CHIX:EDENP vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, Edenred 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.


Edenred SE Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Edenred SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:EDENP
89GF Score
Edenred SE CHIX:EDENP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Edenred 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.

Edenred SE's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Edenred SE's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=-3.916/120.9000*120.9000
=-3.916

Current CPI (Dec25) = 120.9000.

Edenred SE Annual Data

Book Value per Share CPI Adj_Book
201612 -5.305 100.650 -6.372
201712 -6.435 101.850 -7.639
201812 -6.562 103.470 -7.667
201912 -4.931 104.980 -5.679
202012 -5.002 104.960 -5.762
202112 -3.834 107.850 -4.298
202212 -2.882 114.160 -3.052
202312 -2.727 118.390 -2.785
202412 -3.782 119.950 -3.812
202512 -3.916 120.900 -3.916

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.

Is Edenred SE (CHIX:EDENP) Overvalued in 2026?

Based on GuruFocus' analysis, Edenred SE stock appears to be undervalued. The current stock price of €25.55 is trading 41.1% below its estimated GF Value™ of €43.36. GuruFocus considers Edenred SE to be Possible Value Trap.

Key valuation signals for CHIX:EDENP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €43.36 vs. price of €25.55 (41.1% below fair value)
  • GF Score™: 89/100 with 7 warning signs

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


Edenred SE Business Description

Address 14-16 Boulevard Garibaldi, Issy-les-Moulineaux, Paris, FRA, 92130
Edenred is a France-listed prepaid corporate services provider operating in 45 countries. The company was listed in 2010 following a spinoff from hotel group Accor. Edenred's main business, Ticket Restaurant, offers prepaid meal vouchers that employers provide their employees as an additional benefit. The company is also involved in other areas, such as prepaid fuel cards and payment and expense management systems. Edenred is also moving beyond its historical services, adding well-being, gift, EV, toll, and business-to-business accounts payable automation services.
89GF Score

Get the complete analysis for CHIX:EDENP

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

€25.55
Price
€43.36
GF Value