MLP SE (CHIX:MLPD) Cyclically Adjusted PB Ratio: 1.83 (As of Jul. 09, 2026) — 33% Above Median


CHIX:MLPD MLP SE CHIX:MLPD
71 GF Score
Price €7.81
GF Value €5.76
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is MLP SE Cyclically Adjusted PB Ratio?

MLP SE CHIX:MLPD 71 Cyclically Adjusted PB Ratio is 1.83 as of Jul. 09, 2026, which is 33% above its 10-year median of 1.38. GuruFocus rates CHIX:MLPD with a GF Score™ of 71/100 and a GF Value™ of €5.76 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,006 Asset Management companies, MLP SE ranks worse than 77.44% on this metric.

As of today (2026-07-09), MLP SE's current share price is €7.81. MLP SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.27. MLP SE's Cyclically Adjusted PB Ratio for today is 1.83.

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

CHIX:MLPd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.38   Max: 2.22
Current: 1.49

During the past years, MLP SE's highest Cyclically Adjusted PB Ratio was 2.22. The lowest was 0.98. And the median was 1.38.

CHIX:MLPd's Cyclically Adjusted PB Ratio is ranked worse than
77.44% of 1006 companies
in the Asset Management industry
Industry Median: 0.85 vs CHIX:MLPd: 1.49

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.

MLP SE's adjusted book value per share data for the three months ended in Mar. 2026 was €5.657. 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 €4.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MLP SE  (CHIX:MLPd) 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.


MLP SE Cyclically Adjusted PB Ratio Related Terms


MLP SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MLP 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.

MLP SE Cyclically Adjusted PB Ratio Chart

MLP 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 2.17 1.19 1.21 1.28 1.40

MLP 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 1.57 1.73 1.51 1.40 1.38

CHIX:MLPD vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, MLP 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.


MLP SE Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


CHIX:MLPD
71GF Score
MLP SE CHIX:MLPD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MLP 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.81/4.27
=1.83

* 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.

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

For example, MLP 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)
=5.657/131.2583*131.2583
=5.657

Current CPI (Mar. 2026) = 131.2583.

MLP SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.403 100.717 4.435
201609 3.420 101.017 4.444
201612 3.508 101.217 4.549
201703 3.597 101.417 4.655
201706 3.548 102.117 4.560
201709 3.535 102.717 4.517
201712 3.704 102.617 4.738
201803 3.861 102.917 4.924
201806 3.658 104.017 4.616
201809 3.741 104.718 4.689
201812 3.892 104.217 4.902
201903 3.932 104.217 4.952
201906 3.716 105.718 4.614
201909 3.748 106.018 4.640
201912 4.007 105.818 4.970
202003 4.038 105.718 5.014
202006 3.873 106.618 4.768
202009 3.948 105.818 4.897
202012 4.167 105.518 5.184
202103 4.308 107.518 5.259
202106 4.122 108.486 4.987
202109 4.222 109.435 5.064
202112 4.530 110.384 5.387
202203 4.776 113.968 5.501
202206 4.595 115.760 5.210
202209 4.664 118.818 5.152
202212 4.826 119.345 5.308
202303 5.010 122.402 5.372
202306 5.037 123.140 5.369
202309 4.811 124.195 5.085
202312 4.926 123.773 5.224
202403 5.165 125.038 5.422
202406 5.221 125.882 5.444
202409 5.013 126.198 5.214
202412 5.219 127.041 5.392
202503 5.475 127.779 5.624
202506 5.133 128.412 5.247
202509 5.283 129.255 5.365
202512 5.361 129.361 5.440
202603 5.657 131.258 5.657

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 1.83 mean?
MLP SE (CHIX:MLPD) has a Cyclically Adjusted PB Ratio of 1.83 as of Jul. 09, 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 MLP SE and its competitors. This is 33% above median its historical median of 1.38. Over the past decade, MLP SE's Cyclically Adjusted PB Ratio has ranged from 0.98 to 2.22. According to the industry distribution chart, MLP SE ranks #779 out of 1006 companies in the Asset Management industry, placing it in the top 77.4%.
Is MLP SE's Cyclically Adjusted PB Ratio too high?
MLP SE's current Cyclically Adjusted PB Ratio of 1.83 is 33% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 2.22. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. MLP SE's value of 1.83 is 115.3% above this industry median. Based on the distribution chart, MLP SE ranks #779 out of 1006 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, MLP SE has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MLP SE's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, MLP SE ranks #779 out of 1006 companies for Cyclically Adjusted PB Ratio. This places MLP SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. MLP SE's value of 1.83 is 115.3% above this benchmark. Historically, MLP SE's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 2.22 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 0.85, MLP SE has consistently been above 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 1,006 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. MLP SE's current Cyclically Adjusted PB Ratio of 1.83 is 115.3% above 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 MLP SE and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MLP SE's current Cyclically Adjusted PB Ratio is 1.83, which is 33% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MLP SE stock overvalued right now?
Based on GuruFocus' analysis, MLP SE (CHIX:MLPD) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.76, compared to a current price of €7.81 — trading 35.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.83, which is 33% above median its 10-year median of 1.38 and 115.3% above the Asset Management industry median of 0.85. MLP SE's overall GF Score™ is 71/100 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 MLP SE (CHIX:MLPD), the current Cyclically Adjusted PB Ratio is 1.83 as of Jul. 09, 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 MLP SE (CHIX:MLPD) Overvalued in 2026?

Based on GuruFocus' analysis, MLP SE stock appears to be overvalued. The current stock price of €7.81 is trading 35.6% above its estimated GF Value™ of €5.76. GuruFocus considers MLP SE to be Significantly Overvalued.

Key valuation signals for CHIX:MLPD:

  • Cyclically Adjusted PB Ratio: 1.83 (33% above median its 10-year median of 1.38)
  • GF Value™: €5.76 vs. price of €7.81 (35.6% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 115.3% above the Asset Management median (#779 of 1006)

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


MLP SE Business Description

Address Alte Heerstrasse 40, Wiesloch, BW, DEU, 69168
MLP SE is a holding company providing financial and economic consulting services to private, corporate, and institutional clients, covering retirement provision, wealth management, insurance, loans, and banking. It operates through segments, including the Financial Consulting segment, which generates the majority of revenue, driven by retirement planning, health and non-life insurance, loans and mortgages, and wealth management. The Banking segment includes services such as accounts, cards, and interest rate business, while the FERI segment contributes through wealth management consulting. The DOMCURA and Industrial Broker segments mainly generate revenue from insurance brokerage and administration, particularly in non-life insurance for private and commercial clients.
71GF Score

Get the complete analysis for CHIX:MLPD

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

€7.81
Price
€5.76
GF Value