Acadian Asset Management (FRA:2B9) Cyclically Adjusted PB Ratio: 59.06 (As of Aug. 04, 2026) — 230% Above 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.

FRA:2B9 Acadian Asset Management Inc FRA:2B9
81 GF Score
Price €75.00
GF Value €35.89
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Acadian Asset Management Cyclically Adjusted PB Ratio?

Acadian Asset Management FRA:2B9 +2.74% 81 Cyclically Adjusted PB Ratio is 59.06 as of Aug. 04, 2026, which is 230% above its 10-year median of 17.88. GuruFocus rates FRA:2B9 with a GF Score™ of 81/100 and a GF Value™ of €35.89 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 998 Asset Management companies, Acadian Asset Management ranks worse than 99.9% on this metric.

As of today (2026-08-04), Acadian Asset Management's current share price is €75.00. Acadian Asset Management's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.27. Acadian Asset Management's Cyclically Adjusted PB Ratio for today is 59.06.

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

FRA:2B9' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 11.39   Med: 17.88   Max: 59.5
Current: 59.5

During the past years, Acadian Asset Management's highest Cyclically Adjusted PB Ratio was 59.50. The lowest was 11.39. And the median was 17.88.

FRA:2B9's Cyclically Adjusted PB Ratio is ranked worse than
99.9% of 998 companies
in the Asset Management industry
Industry Median: 0.84 vs FRA:2B9: 59.50

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.

Acadian Asset Management's adjusted book value per share data for the three months ended in Mar. 2026 was €1.882. 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 €1.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Acadian Asset Management  (FRA:2B9) 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.


Acadian Asset Management Cyclically Adjusted PB Ratio Related Terms


Acadian Asset Management Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Acadian Asset Management'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.

Acadian Asset Management Cyclically Adjusted PB Ratio Chart

Acadian Asset Management 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 12.65 17.69 31.82

Acadian Asset Management 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 17.17 23.56 32.43 31.82 36.06

FRA:2B9 vs JPC, EXG, DBRG: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Acadian Asset Management'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.


Acadian Asset Management Cyclically Adjusted PB Ratio vs Asset Management Industry

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

* The bar in red indicates where Acadian Asset Management's Cyclically Adjusted PB Ratio falls into.


FRA:2B9
81GF Score
Acadian Asset Management Inc FRA:2B9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Acadian Asset Management 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.

Acadian Asset Management's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=75.00/1.27
=59.06

* 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.

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

For example, Acadian Asset Management'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)
=1.882/330.2130*330.2130
=1.882

Current CPI (Mar. 2026) = 330.2130.

Acadian Asset Management Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.384 241.018 1.896
201609 1.581 241.428 2.162
201612 1.362 241.432 1.863
201703 1.472 243.801 1.994
201706 0.960 244.955 1.294
201709 1.000 246.819 1.338
201712 0.581 246.524 0.778
201803 0.900 249.554 1.191
201806 0.704 251.989 0.923
201809 0.805 252.439 1.053
201812 0.863 251.233 1.134
201903 -0.283 254.202 -0.368
201906 -0.123 256.143 -0.159
201909 0.295 256.759 0.379
201912 0.675 256.974 0.867
202003 0.756 258.115 0.967
202006 0.803 257.797 1.029
202009 1.181 260.280 1.498
202012 3.131 260.474 3.969
202103 3.501 264.877 4.365
202106 9.032 271.696 10.977
202109 11.544 274.310 13.897
202112 -0.343 278.802 -0.406
202203 -2.146 287.504 -2.465
202206 -1.621 296.311 -1.806
202209 -1.343 296.808 -1.494
202212 -0.492 296.797 -0.547
202303 -0.196 301.836 -0.214
202306 0.082 305.109 0.089
202309 0.517 307.789 0.555
202312 0.891 306.746 0.959
202403 -0.526 312.332 -0.556
202406 -0.772 314.175 -0.811
202409 -0.432 315.301 -0.452
202412 0.510 315.605 0.534
202503 0.547 319.799 0.565
202506 0.223 322.561 0.228
202509 0.487 324.800 0.495
202512 1.449 324.054 1.477
202603 1.882 330.213 1.882

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 59.06 mean?
Acadian Asset Management (FRA:2B9) has a Cyclically Adjusted PB Ratio of 59.06 as of Aug. 04, 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 Acadian Asset Management and its competitors. This is 230% above median its historical median of 17.88. Over the past decade, Acadian Asset Management's Cyclically Adjusted PB Ratio has ranged from 11.39 to 59.50. According to the industry distribution chart, Acadian Asset Management ranks #997 out of 998 companies in the Asset Management industry, placing it in the top 99.9%.
Is Acadian Asset Management's Cyclically Adjusted PB Ratio too high?
Acadian Asset Management's current Cyclically Adjusted PB Ratio of 59.06 is 230% above median its 10-year median of 17.88. Over the past 10 years, this metric has ranged from a low of 11.39 to a high of 59.50. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Acadian Asset Management's value of 59.06 is 6931% above this industry median. Based on the distribution chart, Acadian Asset Management ranks #997 out of 998 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Acadian Asset Management has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Acadian Asset Management's Cyclically Adjusted PB Ratio compare to JPC and EXG?
According to the Asset Management industry distribution chart, Acadian Asset Management ranks #997 out of 998 companies for Cyclically Adjusted PB Ratio. This places Acadian Asset Management in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Acadian Asset Management's value of 59.06 is 6931% above this benchmark. Historically, Acadian Asset Management's own Cyclically Adjusted PB Ratio has ranged from 11.39 to 59.50 over the past decade. While the company's 10-year median is 17.88 vs. the industry median of 0.84, Acadian Asset Management 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 0.84, based on 998 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. Acadian Asset Management's current Cyclically Adjusted PB Ratio of 59.06 is 6931% 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 Acadian Asset Management and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Acadian Asset Management's current Cyclically Adjusted PB Ratio is 59.06, which is 230% above median its own 10-year median of 17.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acadian Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Acadian Asset Management (FRA:2B9) is currently considered Significantly Overvalued. The stock's GF Value™ is €35.89, compared to a current price of €75.00 — trading 109% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 59.06, which is 230% above median its 10-year median of 17.88 and 6931% above the Asset Management industry median of 0.84. Acadian Asset Management's overall GF Score™ is 81/100 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 Acadian Asset Management (FRA:2B9), the current Cyclically Adjusted PB Ratio is 59.06 as of Aug. 04, 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 Acadian Asset Management (FRA:2B9) Overvalued in 2026?

Based on GuruFocus' analysis, Acadian Asset Management stock appears to be overvalued. The current stock price of €75.00 is trading 109% above its estimated GF Value™ of €35.89. GuruFocus considers Acadian Asset Management to be Significantly Overvalued.

Key valuation signals for FRA:2B9:

  • Cyclically Adjusted PB Ratio: 59.06 (230% above median its 10-year median of 17.88)
  • GF Value™: €35.89 vs. price of €75.00 (109% above fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 6931% above the Asset Management median (#997 of 998)

No single metric tells the full story. See the FRA:2B9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Acadian Asset Management Business Description

Other Exchanges AAMI:USA
Address 200 State Street, 13th Floor, Boston, MA, USA, 02109
Acadian Asset Management Inc is a holding company that operates a systematic investment management business through its subsidiary, that offers institutional investors across the globe access to a diversified array of systematic investment strategies designed to meet a range of risk and return objectives.
81GF Score

Get the complete analysis for FRA:2B9

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

€75.00
Price
€35.89
GF Value