Realites SCA (FRA:2ZQ) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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:2ZQ Realites SCA FRA:2ZQ
49 GF Score
Price €0.25
GF Value €1.70
Valuation Possible Value Trap
! 6 Warning Signs
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What is Realites SCA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Realites SCA  (FRA:2ZQ) 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.


Realites SCA Cyclically Adjusted PB Ratio Related Terms


Realites SCA Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Realites SCA'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.

Realites SCA Cyclically Adjusted PB Ratio Chart

Realites SCA 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 - - 0.81 0.09 0.05

Realites SCA Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 - - 0.81 0.31 0.09

Realites SCA Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Realites SCA'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.


Realites SCA Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Realites SCA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:2ZQ
49GF Score
Realites SCA FRA:2ZQ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Realites SCA 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.

Realites SCA's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Realites SCA's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=-79.401/120.8900*120.8900
=-79.401

Current CPI (Dec25) = 120.8900.

Realites SCA Annual Data

Book Value per Share CPI Adj_Book
201612 14.965 100.650 17.974
201712 18.602 101.850 22.079
201812 18.431 103.470 21.534
201912 18.929 104.980 21.798
202012 19.838 104.960 22.849
202112 21.671 107.850 24.291
202212 25.060 114.160 26.537
202312 32.331 118.390 33.014
202412 -28.066 119.950 -28.286
202512 -79.401 120.890 -79.401

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 Realites SCA (FRA:2ZQ) Overvalued in 2026?

Based on GuruFocus' analysis, Realites SCA stock appears to be undervalued. The current stock price of €0.25 is trading 85.1% below its estimated GF Value™ of €1.70. GuruFocus considers Realites SCA to be Possible Value Trap.

Key valuation signals for FRA:2ZQ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.70 vs. price of €0.25 (85.1% below fair value)
  • GF Score™: 49/100 with 6 warning signs

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


Realites SCA Business Description

Other Exchanges ALREA:France
Address Immeuble Le Cairn, 103, route de Vannes, CS 10333, Saint Herblain, FRA, 44803
Realites SCA is a French real estate developer. It develops new private residential real estates in the west of France and owns five agencies which are spread from Brittany and Charente Maritime to Pays de la Loire.
49GF Score

Get the complete analysis for FRA:2ZQ

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

€0.25
Price
€1.70
GF Value