Renta 4 Banco (FRA:4RE) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:4RE Renta 4 Banco SA FRA:4RE
69 GF Score
Price €18.95
GF Value €16.79
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Renta 4 Banco Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Renta 4 Banco  (FRA:4RE) 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.


Renta 4 Banco Cyclically Adjusted PB Ratio Related Terms


Renta 4 Banco Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Renta 4 Banco'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.

Renta 4 Banco Cyclically Adjusted PB Ratio Chart

Renta 4 Banco 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 4.17 3.63 3.49 3.97 5.91

Renta 4 Banco 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 4.86 5.88 5.91 5.57 0.00

FRA:4RE vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Renta 4 Banco'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.


Renta 4 Banco Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Renta 4 Banco's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Renta 4 Banco's Cyclically Adjusted PB Ratio falls into.


FRA:4RE
69GF Score
Renta 4 Banco SA FRA:4RE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Renta 4 Banco 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.

Renta 4 Banco's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Renta 4 Banco'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)
=4.872/130.5100*130.5100
=4.872

Current CPI (Jun. 2026) = 130.5100.

Renta 4 Banco Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.213 99.737 2.896
201612 2.204 101.842 2.824
201703 2.236 100.896 2.892
201706 2.332 101.848 2.988
201709 2.405 101.524 3.092
201712 2.334 102.975 2.958
201803 2.346 102.122 2.998
201806 2.441 104.165 3.058
201809 2.502 103.818 3.145
201812 2.374 104.193 2.974
201903 2.399 103.488 3.025
201906 2.461 104.612 3.070
201909 2.606 103.905 3.273
201912 2.545 105.015 3.163
202003 2.522 103.469 3.181
202006 2.674 104.254 3.347
202009 2.770 103.521 3.492
202012 2.973 104.456 3.715
202103 3.121 104.857 3.885
202106 3.254 107.102 3.965
202109 3.368 107.669 4.083
202112 3.181 111.298 3.730
202203 3.161 115.153 3.583
202206 3.099 118.044 3.426
202209 3.419 117.221 3.807
202212 2.868 117.650 3.181
202303 3.124 118.948 3.428
202306 3.290 120.278 3.570
202309 3.442 121.343 3.702
202312 3.442 121.300 3.703
202403 3.469 122.762 3.688
202406 3.695 124.409 3.876
202409 3.959 123.121 4.197
202412 3.881 124.753 4.060
202503 3.970 125.531 4.127
202506 4.222 127.251 4.330
202509 4.514 126.840 4.645
202512 4.347 128.400 4.418
202603 4.396 129.860 4.418
202606 4.872 130.510 4.872

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 Renta 4 Banco (FRA:4RE) Overvalued in 2026?

Based on GuruFocus' analysis, Renta 4 Banco stock appears to be overvalued. The current stock price of €18.95 is trading 12.9% above its estimated GF Value™ of €16.79. GuruFocus considers Renta 4 Banco to be Modestly Overvalued.

Key valuation signals for FRA:4RE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €16.79 vs. price of €18.95 (12.9% above fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the FRA:4RE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Renta 4 Banco Business Description

Other Exchanges R4:Spain
Address Paseo de la Habana 74, Madrid, ESP, 28036
Renta 4 Banco SA is an asset management company providing wealth management, brokerage services, and corporate advisory services. It operates through a network of branches, agents, and subsidiaries spread widely across Spain and offers services to individuals and financial intermediaries, and small and medium-sized enterprises. Its activities include the provision of investment services, and the acquisition, holding, exploitation, administration, and disposal of all manner of transferable securities. It has three businesses as a reportable segment Intermediation, Portfolio, and asset management and advice, and Corporate Services.
69GF Score

Get the complete analysis for FRA:4RE

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

€18.95
Price
€16.79
GF Value