ECMPF (Eurocommercial Properties NV) Cyclically Adjusted PB Ratio: 0.71 (As of Sep. 06, 2026) — 10% Below Median

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ECMPF Eurocommercial Properties NV ECMPF
70 GF Score
Price $29.96
GF Value $26.05
! 7 Warning Signs
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What is Eurocommercial Properties NV Cyclically Adjusted PB Ratio?

Eurocommercial Properties NV ECMPF 70 Cyclically Adjusted PB Ratio is 0.71 as of Sep. 06, 2026, which is 10% below its 10-year median of 0.79. GuruFocus rates ECMPF with a GF Score™ of 70/100 and a GF Value™ of $26.05. The stock has 7 warning signs investors should review. Among 551 REITs companies, Eurocommercial Properties NV ranks better than 55.54% on this metric.

As of today (2026-09-06), Eurocommercial Properties NV's current share price is $29.9625. Eurocommercial Properties NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $42.22. Eurocommercial Properties NV's Cyclically Adjusted PB Ratio for today is 0.71.

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

ECMPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 0.79   Max: 1.09
Current: 0.72

During the past years, Eurocommercial Properties NV's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.67. And the median was 0.79.

ECMPF's Cyclically Adjusted PB Ratio is ranked better than
55.54% of 551 companies
in the REITs industry
Industry Median: 0.78 vs ECMPF: 0.72

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.

Eurocommercial Properties NV's adjusted book value per share data for the three months ended in Jun. 2026 was $45.289. 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 $42.22 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eurocommercial Properties NV  (OTCPK:ECMPF) 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.


Eurocommercial Properties NV Cyclically Adjusted PB Ratio Related Terms


Eurocommercial Properties NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eurocommercial Properties NV'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.

Eurocommercial Properties NV Cyclically Adjusted PB Ratio Chart

Eurocommercial Properties NV Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.93 0.79 0.70 0.72

Eurocommercial Properties NV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.79 0.75 0.72 0.70 0.71

ECMPF vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Eurocommercial Properties NV'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.


Eurocommercial Properties NV Cyclically Adjusted PB Ratio vs REITs Industry

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

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


ECMPF
70GF Score
Eurocommercial Properties NV ECMPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Eurocommercial Properties NV 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.

Eurocommercial Properties NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.9625/42.22
=0.71

* 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.

Eurocommercial Properties NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Eurocommercial Properties NV's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=45.289/137.7700*137.7700
=45.289

Current CPI (Jun. 2026) = 137.7700.

Eurocommercial Properties NV Quarterly Data

Book Value per Share CPI Adj_Book
201512 3.882 99.730 5.363
201603 3.984 100.310 5.472
201606 39.750 100.260 54.622
201609 39.539 100.570 54.164
201612 37.639 100.710 51.490
201703 38.808 101.440 52.707
201706 43.200 101.370 58.712
201709 46.606 102.030 62.932
201712 44.184 101.970 59.696
201803 4.861 102.470 6.536
201806 43.494 103.100 58.120
201809 4.682 103.950 6.205
201812 4.324 103.970 5.730
201903 4.319 105.370 5.647
201906 42.436 105.840 55.238
201909 40.090 106.700 51.764
201912 39.793 106.800 51.332
202009 39.864 107.880 50.909
202103 43.697 108.870 55.297
202106 43.348 109.670 54.455
202109 42.448 110.790 52.785
202112 41.862 114.010 50.586
202203 42.118 119.460 48.574
202206 41.190 119.050 47.667
202209 39.024 126.890 42.370
202212 40.973 124.940 45.180
202303 40.955 124.720 45.240
202306 41.742 125.830 45.703
202309 41.843 127.160 45.334
202312 41.086 126.450 44.764
202403 40.576 128.580 43.476
202406 40.326 129.910 42.766
202409 41.729 131.610 43.682
202412 40.873 131.630 42.780
202503 42.536 133.330 43.952
202506 44.385 133.960 45.647
202509 45.391 135.920 46.009
202512 46.530 135.270 47.390
202603 45.774 136.910 46.062
202606 45.289 137.770 45.289

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 0.71 mean?
Eurocommercial Properties NV (ECMPF) has a Cyclically Adjusted PB Ratio of 0.71 as of Sep. 06, 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 Eurocommercial Properties NV and its competitors. This is 10% below median its historical median of 0.79. Over the past decade, Eurocommercial Properties NV's Cyclically Adjusted PB Ratio has ranged from 0.67 to 1.09. According to the industry distribution chart, Eurocommercial Properties NV ranks #245 out of 551 companies in the REITs industry, placing it in the top 44.5%.
Is Eurocommercial Properties NV's Cyclically Adjusted PB Ratio too high?
Eurocommercial Properties NV's current Cyclically Adjusted PB Ratio of 0.71 is 10% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.09. The REITs industry median Cyclically Adjusted PB Ratio is 0.78. Eurocommercial Properties NV's value of 0.71 is 9% below this industry median. Based on the distribution chart, Eurocommercial Properties NV ranks #245 out of 551 companies in the REITs industry, which is above the industry midpoint. Overall, Eurocommercial Properties NV has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Eurocommercial Properties NV's Cyclically Adjusted PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Eurocommercial Properties NV ranks #245 out of 551 companies for Cyclically Adjusted PB Ratio. This puts Eurocommercial Properties NV in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.78. Eurocommercial Properties NV's value of 0.71 is 9% below this benchmark. Historically, Eurocommercial Properties NV's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 1.09 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.78, Eurocommercial Properties NV 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.78, based on 551 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. Eurocommercial Properties NV's current Cyclically Adjusted PB Ratio of 0.71 is 9% 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 Eurocommercial Properties NV and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eurocommercial Properties NV's current Cyclically Adjusted PB Ratio is 0.71, which is 10% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eurocommercial Properties NV stock overvalued right now?
Eurocommercial Properties NV (ECMPF) has a current Cyclically Adjusted PB Ratio of 0.71. The stock's GF Value™ is $26.05, compared to a current price of $29.96 — trading 15% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.71, which is 10% below median its 10-year median of 0.79 and 9% below the REITs industry median of 0.78. Eurocommercial Properties NV's overall GF Score™ is 70/100 with 7 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 Eurocommercial Properties NV (ECMPF), the current Cyclically Adjusted PB Ratio is 0.71 as of Sep. 06, 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 Eurocommercial Properties NV (ECMPF) Overvalued in 2026?

Based on GuruFocus' analysis, Eurocommercial Properties NV stock appears to be overvalued. The current stock price of $29.96 is trading 15% above its estimated GF Value™ of $26.05.

Key valuation signals for ECMPF:

  • Cyclically Adjusted PB Ratio: 0.71 (10% below median its 10-year median of 0.79)
  • GF Value™: $26.05 vs. price of $29.96 (15% above fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 9% below the REITs median (#245 of 551)

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


Eurocommercial Properties NV Business Description

Industry Real EstateREITs
Address De Boelelaan 7, Amsterdam, NLD, 1083 HJ
Eurocommercial Properties NV is a Netherlands-based property investment company that invests, owns, and manages retail properties. The company operates in France, Belgium, Italy, Sweden, and the Netherlands which are also its operating segments. The company generates revenue from leasing its shopping center properties to tenants.
70GF Score

Get the complete analysis for ECMPF

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

$29.96
Price
$26.05
GF Value