Nano Dimension (FRA:2N5B) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

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:2N5B Nano Dimension Ltd FRA:2N5B
57 GF Score
Price €1.32
GF Value €4.59
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Nano Dimension Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nano Dimension  (FRA:2N5B) 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.


Nano Dimension Cyclically Adjusted PB Ratio Related Terms


Nano Dimension Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nano Dimension'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.

Nano Dimension Cyclically Adjusted PB Ratio Chart

Nano Dimension 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 0.00 0.24 0.17

Nano Dimension 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 0.16 0.16 0.17 0.19 0.00

FRA:2N5B vs OSS, VELO, BGIN: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Nano Dimension'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.


Nano Dimension Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Nano Dimension's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:2N5B
57GF Score
Nano Dimension Ltd FRA:2N5B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nano Dimension 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.

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

For example, Nano Dimension'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)
=1.996/333.9520*333.9520
=1.996

Current CPI (Jun. 2026) = 333.9520.

Nano Dimension Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.155 241.428 26.496
201612 18.447 241.432 25.516
201703 15.426 243.801 21.130
201706 18.594 244.955 25.350
201709 14.712 246.819 19.906
201712 12.379 246.524 16.769
201803 11.236 249.554 15.036
201806 10.213 251.989 13.535
201809 8.665 252.439 11.463
201812 7.089 251.233 9.423
201903 4.003 254.202 5.259
201906 3.732 256.143 4.866
201909 2.779 256.759 3.614
201912 2.499 256.974 3.248
202003 1.699 258.115 2.198
202006 1.104 257.797 1.430
202009 0.965 260.280 1.238
202012 3.187 260.474 4.086
202103 4.961 264.877 6.255
202106 4.863 271.696 5.977
202109 4.936 274.310 6.009
202112 4.619 278.802 5.533
202203 4.658 287.504 5.411
202206 4.746 296.311 5.349
202209 4.815 296.808 5.418
202212 4.197 296.797 4.722
202303 4.278 301.836 4.733
202306 4.359 305.109 4.771
202309 4.071 307.789 4.417
202312 4.505 306.746 4.905
202403 3.896 312.332 4.166
202406 3.685 314.175 3.917
202409 3.619 315.301 3.833
202412 3.806 315.605 4.027
202503 3.544 319.799 3.701
202506 2.619 322.561 2.711
202509 2.368 324.800 2.435
202512 2.279 324.054 2.349
202603 2.019 330.213 2.042
202606 1.996 333.952 1.996

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.

Is Nano Dimension (FRA:2N5B) Overvalued in 2026?

Based on GuruFocus' analysis, Nano Dimension stock appears to be undervalued. The current stock price of €1.32 is trading 71.2% below its estimated GF Value™ of €4.59. GuruFocus considers Nano Dimension to be Possible Value Trap.

Key valuation signals for FRA:2N5B:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €4.59 vs. price of €1.32 (71.2% below fair value)
  • GF Score™: 57/100 with 3 warning signs

No single metric tells the full story. See the FRA:2N5B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nano Dimension Business Description

Other Exchanges NNDM:USA0A92:UK2N5B:Germany
Address 60 Tower Road, Waltham, MA, USA, 02451
Nano Dimension Ltd provides industrial manufacturing solutions for the design-to-manufacturing of electronics and mechanical parts. These solutions are based on a combination of hardware, software, and materials science technologies. The solutions include industrial machinery, such as those for additive manufacturing, surface-mount technology, and industrial inkjet printing, along with software for design, simulation, and manufacturing management, as well as materials or consumables that are used by the machinery. These solutions are used by industrial customers in aerospace & defense, automotive, electronics, medical, research, and academia, along with government organizations.
57GF Score

Get the complete analysis for FRA:2N5B

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

€1.32
Price
€4.59
GF Value