Grand City Properties (CHIX:GYCD) Cyclically Adjusted PB Ratio: 0.34 (As of Jul. 23, 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:GYCD Grand City Properties SA CHIX:GYCD
70 GF Score
Price €10.06
GF Value €11.87
! 6 Warning Signs
View Full Analysis

What is Grand City Properties Cyclically Adjusted PB Ratio?

Grand City Properties CHIX:GYCD 70 Cyclically Adjusted PB Ratio is 0.34 as of Jul. 23, 2026, which is 15% below its 10-year median of 0.40. GuruFocus rates CHIX:GYCD with a GF Score™ of 70/100 and a GF Value™ of €11.87. The stock has 6 warning signs investors should review. Among 1,431 Real Estate companies, Grand City Properties ranks better than 74.98% on this metric.

As of today (2026-07-23), Grand City Properties's current share price is €10.06. Grand City Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €29.81. Grand City Properties's Cyclically Adjusted PB Ratio for today is 0.34.

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

CHIX:GYCd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.4   Max: 1.4
Current: 0.31

During the past years, Grand City Properties's highest Cyclically Adjusted PB Ratio was 1.40. The lowest was 0.28. And the median was 0.40.

CHIX:GYCd's Cyclically Adjusted PB Ratio is ranked better than
74.98% of 1431 companies
in the Real Estate industry
Industry Median: 0.7 vs CHIX:GYCd: 0.31

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.

Grand City Properties's adjusted book value per share data for the three months ended in Mar. 2026 was €30.102. 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 €29.81 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grand City Properties  (CHIX:GYCd) 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.


Grand City Properties Cyclically Adjusted PB Ratio Related Terms


Grand City Properties Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grand City Properties'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.

Grand City Properties Cyclically Adjusted PB Ratio Chart

Grand City Properties 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 1.10 0.41 0.40 0.43 0.33

Grand City Properties 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 0.35 0.39 0.38 0.33 0.30

CHIX:GYCD vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Grand City Properties'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.


Grand City Properties Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


CHIX:GYCD
70GF Score
Grand City Properties SA CHIX:GYCD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grand City Properties 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.

Grand City Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.06/29.81
=0.34

* 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.

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

For example, Grand City Properties'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)
=30.102/127.1600*127.1600
=30.102

Current CPI (Mar. 2026) = 127.1600.

Grand City Properties Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.948 100.660 20.147
201609 17.744 100.750 22.395
201612 18.652 101.040 23.474
201703 19.172 101.780 23.953
201706 19.075 102.170 23.741
201709 19.950 102.520 24.745
201712 21.149 102.410 26.260
201803 21.788 102.900 26.925
201806 23.951 103.650 29.384
201809 24.647 104.580 29.969
201812 25.537 104.320 31.128
201903 25.972 105.140 31.411
201906 25.824 105.550 31.111
201909 26.310 105.900 31.592
201912 26.937 106.080 32.290
202003 26.969 106.040 32.340
202006 27.045 106.340 32.340
202009 27.282 106.620 32.538
202012 29.209 106.670 34.820
202103 29.152 108.140 34.279
202106 29.216 108.680 34.184
202109 29.518 109.470 34.288
202112 31.448 111.090 35.997
202203 31.711 114.780 35.131
202206 32.259 116.750 35.135
202209 32.497 117.000 35.319
202212 30.457 117.060 33.085
202303 30.372 118.910 32.479
202306 28.596 120.460 30.187
202309 28.586 121.740 29.859
202312 27.352 121.170 28.704
202403 27.598 122.590 28.627
202406 26.725 123.120 27.602
202409 26.945 123.300 27.789
202412 27.897 122.430 28.975
202503 28.259 124.210 28.930
202506 28.487 125.820 28.790
202509 29.283 126.570 29.420
202512 30.106 126.180 30.340
202603 30.102 127.160 30.102

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 0.34 mean?
Grand City Properties (CHIX:GYCD) has a Cyclically Adjusted PB Ratio of 0.34 as of Jul. 23, 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 Grand City Properties and its competitors. This is 15% below median its historical median of 0.40. Over the past decade, Grand City Properties' Cyclically Adjusted PB Ratio has ranged from 0.28 to 1.40. According to the industry distribution chart, Grand City Properties ranks #358 out of 1431 companies in the Real Estate industry, placing it in the top 25%.
Is Grand City Properties' Cyclically Adjusted PB Ratio too high?
Grand City Properties' current Cyclically Adjusted PB Ratio of 0.34 is 15% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.40. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. Grand City Properties' value of 0.34 is 51.4% below this industry median. Based on the distribution chart, Grand City Properties ranks #358 out of 1431 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Grand City Properties has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Grand City Properties' Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Grand City Properties ranks #358 out of 1431 companies for Cyclically Adjusted PB Ratio. This places Grand City Properties in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.70. Grand City Properties' value of 0.34 is 51.4% below this benchmark. Historically, Grand City Properties' own Cyclically Adjusted PB Ratio has ranged from 0.28 to 1.40 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.70, Grand City Properties 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 0.70, based on 1,431 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. Grand City Properties's current Cyclically Adjusted PB Ratio of 0.34 is 51.4% 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 Grand City Properties and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand City Properties's current Cyclically Adjusted PB Ratio is 0.34, which is 15% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand City Properties stock overvalued right now?
Grand City Properties (CHIX:GYCD) has a current Cyclically Adjusted PB Ratio of 0.34. The stock's GF Value™ is €11.87, compared to a current price of €10.06 — trading 15.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.34, which is 15% below median its 10-year median of 0.40 and 51.4% below the Real Estate industry median of 0.70. Grand City Properties' overall GF Score™ is 70/100 with 6 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 Grand City Properties (CHIX:GYCD), the current Cyclically Adjusted PB Ratio is 0.34 as of Jul. 23, 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 Grand City Properties (CHIX:GYCD) Overvalued in 2026?

Based on GuruFocus' analysis, Grand City Properties stock appears to be undervalued. The current stock price of €10.06 is trading 15.2% below its estimated GF Value™ of €11.87.

Key valuation signals for CHIX:GYCD:

  • Cyclically Adjusted PB Ratio: 0.34 (15% below median its 10-year median of 0.40)
  • GF Value™: €11.87 vs. price of €10.06 (15.2% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 51.4% below the Real Estate median (#358 of 1431)

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


Grand City Properties Business Description

Address 37, Boulevard Joseph II, Luxembourg, LUX, L-1840
Grand City Properties SA is a real estate company. It is a specialist real estate company focused on buying, redeveloping, optimizing, repositioning, investing, and managing value-add opportunities in the German real estate market. The company is also involved in asset and property management activities along with the real estate value chain. Its portfolio is mainly located in Berlin, North Rhine-Westphalia, Dresden, Leipzig, Halle, Nuremberg, Munich, Mannheim, Frankfurt, Bremen, Hamburg, and other cities. The company operates in Germany, the United Kingdom, and Others, out of which the majority of the revenue is generated from Germany.
70GF Score

Get the complete analysis for CHIX:GYCD

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

€10.06
Price
€11.87
GF Value