PAR Technology (FRA:35U) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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:35U PAR Technology Corp FRA:35U
59 GF Score
Price €13.17
GF Value €44.23
Valuation Possible Value Trap
! 3 Warning Signs
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What is PAR Technology Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PAR Technology  (FRA:35U) 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.


PAR Technology Cyclically Adjusted PB Ratio Related Terms


PAR Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PAR Technology'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.

PAR Technology Cyclically Adjusted PB Ratio Chart

PAR Technology 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 7.94 3.46 5.03 7.22 2.75

PAR Technology 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 5.90 3.31 2.97 1.01 1.32

FRA:35U vs SMWB, PUBM, RSKD: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, PAR Technology'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.


PAR Technology Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:35U
59GF Score
PAR Technology Corp FRA:35U
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PAR Technology 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.

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

For example, PAR Technology'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)
=17.208/333.9520*333.9520
=17.208

Current CPI (Jun. 2026) = 333.9520.

PAR Technology Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.879 241.428 5.366
201612 4.183 241.432 5.786
201703 4.221 243.801 5.782
201706 4.086 244.955 5.571
201709 3.878 246.819 5.247
201712 3.598 246.524 4.874
201803 3.545 249.554 4.744
201806 3.637 251.989 4.820
201809 2.773 252.439 3.668
201812 2.485 251.233 3.303
201903 2.383 254.202 3.131
201906 3.006 256.143 3.919
201909 2.837 256.759 3.690
201912 3.903 256.974 5.072
202003 3.811 258.115 4.931
202006 3.348 257.797 4.337
202009 3.118 260.280 4.001
202012 7.026 260.474 9.008
202103 6.890 264.877 8.687
202106 14.241 271.696 17.504
202109 16.858 274.310 20.523
202112 16.472 278.802 19.730
202203 13.670 287.504 15.878
202206 13.963 296.311 15.737
202209 14.333 296.808 16.127
202212 12.868 296.797 14.479
202303 12.087 301.836 13.373
202306 11.430 305.109 12.511
202309 11.420 307.789 12.391
202312 10.757 306.746 11.711
202403 14.347 312.332 15.340
202406 16.096 314.175 17.109
202409 17.097 315.301 18.108
202412 21.743 315.605 23.007
202503 19.478 319.799 20.340
202506 18.036 322.561 18.673
202509 17.571 324.800 18.066
202512 17.282 324.054 17.810
202603 17.390 330.213 17.587
202606 17.208 333.952 17.208

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 PAR Technology (FRA:35U) Overvalued in 2026?

Based on GuruFocus' analysis, PAR Technology stock appears to be undervalued. The current stock price of €13.17 is trading 70.2% below its estimated GF Value™ of €44.23. GuruFocus considers PAR Technology to be Possible Value Trap.

Key valuation signals for FRA:35U:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €44.23 vs. price of €13.17 (70.2% below fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the FRA:35U stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PAR Technology Business Description

Other Exchanges PAR:USA35U:Germany
Address PAR Technology Park, 8383 Seneca Turnpike, New Hartford, NY, USA, 13413-4991
PAR Technology Corp is a foodservice technology company providing omnichannel cloud-based software and hardware solutions to the restaurant industry in three restaurant categories - quick service, fast casual, and table service - and the retail industry, including convenience and fuel retailers (C-Stores). Its product and service offerings include point-of-sale, customer engagement and loyalty, digital ordering and delivery, operational intelligence, payment processing, hardware, and related technologies, solutions, and services. The company generates revenue from subscription service, Sale of Hardware products, and Professional Service.
59GF Score

Get the complete analysis for FRA:35U

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

€13.17
Price
€44.23
GF Value