Warehouses De Pauw (CHIX:WDPB) Cyclically Adjusted PB Ratio: 1.27 (As of Jul. 18, 2026) — 53% Below Median

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CHIX:WDPB Warehouses De Pauw SA CHIX:WDPB
84 GF Score
Price €21.78
GF Value €23.86
Valuation Fairly Valued
! 8 Warning Signs
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What is Warehouses De Pauw Cyclically Adjusted PB Ratio?

Warehouses De Pauw CHIX:WDPB 84 Cyclically Adjusted PB Ratio is 1.27 as of Jul. 18, 2026, which is 53% below its 10-year median of 2.73. GuruFocus rates CHIX:WDPB with a GF Score™ of 84/100 and a GF Value™ of €23.86 (Fairly Valued). The stock has 8 warning signs investors should review. Among 558 REITs companies, Warehouses De Pauw ranks worse than 75.99% on this metric.

As of today (2026-07-18), Warehouses De Pauw's current share price is €21.78. Warehouses De Pauw's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €17.13. Warehouses De Pauw's Cyclically Adjusted PB Ratio for today is 1.27.

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

CHIX:WDPb' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.73   Max: 4.92
Current: 1.29

During the past years, Warehouses De Pauw's highest Cyclically Adjusted PB Ratio was 4.92. The lowest was 1.23. And the median was 2.73.

CHIX:WDPb's Cyclically Adjusted PB Ratio is ranked worse than
75.99% of 558 companies
in the REITs industry
Industry Median: 0.83 vs CHIX:WDPb: 1.29

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.

Warehouses De Pauw's adjusted book value per share data for the three months ended in Mar. 2026 was €21.744. 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 €17.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Warehouses De Pauw  (CHIX:WDPb) 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.


Warehouses De Pauw Cyclically Adjusted PB Ratio Related Terms


Warehouses De Pauw Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Warehouses De Pauw'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.

Warehouses De Pauw Cyclically Adjusted PB Ratio Chart

Warehouses De Pauw 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 4.65 2.30 2.18 1.27 1.33

Warehouses De Pauw 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 1.31 1.32 1.33 1.31

CHIX:WDPB vs PLD, PSA, EXR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Industrial subindustry, Warehouses De Pauw'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.


Warehouses De Pauw Cyclically Adjusted PB Ratio vs REITs Industry

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

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


CHIX:WDPB
84GF Score
Warehouses De Pauw SA CHIX:WDPB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Warehouses De Pauw 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.

Warehouses De Pauw's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.78/17.13
=1.27

* 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.

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

For example, Warehouses De Pauw'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)
=21.744/136.5600*136.5600
=21.744

Current CPI (Mar. 2026) = 136.5600.

Warehouses De Pauw Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.762 102.267 7.694
201609 5.970 102.118 7.984
201612 6.915 102.614 9.203
201703 7.258 103.972 9.533
201706 7.335 103.902 9.640
201709 7.693 104.170 10.085
201712 8.038 104.804 10.474
201803 8.313 105.419 10.769
201806 8.132 106.063 10.470
201809 8.783 106.618 11.250
201812 9.791 107.252 12.467
201903 10.033 107.876 12.701
201906 10.304 107.896 13.041
201909 10.656 107.470 13.540
201912 12.197 108.065 15.413
202003 12.518 108.550 15.748
202006 12.522 108.540 15.755
202009 12.720 108.441 16.018
202012 13.473 108.511 16.956
202103 14.961 109.522 18.655
202106 15.955 110.305 19.753
202109 17.386 111.543 21.285
202112 18.998 114.705 22.618
202203 20.659 118.620 23.784
202206 21.318 120.948 24.070
202209 22.225 124.120 24.453
202212 20.950 126.578 22.602
202303 20.727 126.528 22.370
202306 20.076 125.973 21.763
202309 20.213 127.083 21.720
202312 20.247 128.292 21.552
202403 20.681 130.552 21.633
202406 20.112 130.691 21.015
202409 20.465 130.968 21.339
202412 21.043 132.346 21.713
202503 21.366 134.348 21.718
202506 20.406 133.495 20.874
202509 20.832 133.740 21.271
202512 21.341 135.070 21.576
202603 21.744 136.560 21.744

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 1.27 mean?
Warehouses De Pauw (CHIX:WDPB) has a Cyclically Adjusted PB Ratio of 1.27 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 Warehouses De Pauw and its competitors. This is 53% below median its historical median of 2.73. Over the past decade, Warehouses De Pauw's Cyclically Adjusted PB Ratio has ranged from 1.23 to 4.92. According to the industry distribution chart, Warehouses De Pauw ranks #424 out of 558 companies in the REITs industry, placing it in the top 76%.
Is Warehouses De Pauw's Cyclically Adjusted PB Ratio too high?
Warehouses De Pauw's current Cyclically Adjusted PB Ratio of 1.27 is 53% below median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 4.92. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Warehouses De Pauw's value of 1.27 is 53% above this industry median. Based on the distribution chart, Warehouses De Pauw ranks #424 out of 558 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Warehouses De Pauw has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Warehouses De Pauw's Cyclically Adjusted PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Warehouses De Pauw ranks #424 out of 558 companies for Cyclically Adjusted PB Ratio. This places Warehouses De Pauw in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Warehouses De Pauw's value of 1.27 is 53% above this benchmark. Historically, Warehouses De Pauw's own Cyclically Adjusted PB Ratio has ranged from 1.23 to 4.92 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 0.83, Warehouses De Pauw 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 a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.83, based on 558 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. Warehouses De Pauw's current Cyclically Adjusted PB Ratio of 1.27 is 53% 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 Warehouses De Pauw and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warehouses De Pauw's current Cyclically Adjusted PB Ratio is 1.27, which is 53% below median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warehouses De Pauw stock overvalued right now?
Based on GuruFocus' analysis, Warehouses De Pauw (CHIX:WDPB) is currently considered Fairly Valued. The stock's GF Value™ is €23.86, compared to a current price of €21.78 — trading 8.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.27, which is 53% below median its 10-year median of 2.73 and 53% above the REITs industry median of 0.83. Warehouses De Pauw's overall GF Score™ is 84/100 with 8 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 Warehouses De Pauw (CHIX:WDPB), the current Cyclically Adjusted PB Ratio is 1.27 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 Warehouses De Pauw (CHIX:WDPB) Overvalued in 2026?

Based on GuruFocus' analysis, Warehouses De Pauw stock appears to be undervalued. The current stock price of €21.78 is trading 8.7% below its estimated GF Value™ of €23.86. GuruFocus considers Warehouses De Pauw to be Fairly Valued.

Key valuation signals for CHIX:WDPB:

  • Cyclically Adjusted PB Ratio: 1.27 (53% below median its 10-year median of 2.73)
  • GF Value™: €23.86 vs. price of €21.78 (8.7% below fair value)
  • GF Score™: 84/100 with 8 warning signs
  • Industry Position: 53% above the REITs median (#424 of 558)

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


Warehouses De Pauw Business Description

Industry Real EstateREITs
Address Blakebergen 15, Meise, Wolvertem, BEL, 1861
Warehouses De Pauw SA is a real estate investment trust engaged in the acquisition and development of storage, distribution, and semi-industrial and logistics facilities throughout Europe. The vast majority of the company's real estate portfolio in terms of square footage and total rental value is made up of general warehouse space, while offices represent a smaller amount. Warehouses De Pauw derives the majority of its revenue in the form of rental income. The company's tenants in terms of revenue include solar panels, third-party logistics firms, and food industry companies. Its geographical operating segments are the Netherlands, which derives maximum revenue, Belgium, France, Germany, Romania, and Luxembourg.
84GF Score

Get the complete analysis for CHIX:WDPB

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

€21.78
Price
€23.86
GF Value