DREAM Unlimited (FRA:50DA) Cyclically Adjusted PB Ratio: 0.49 (As of Sep. 15, 2026) — 38% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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FRA:50DA DREAM Unlimited Corp FRA:50DA
71 GF Score
Price €11.00
GF Value €12.21
! 6 Warning Signs
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What is DREAM Unlimited Cyclically Adjusted PB Ratio?

DREAM Unlimited FRA:50DA +1.85% 71 Cyclically Adjusted PB Ratio is 0.49 as of Sep. 15, 2026, which is 38% below its 10-year median of 0.79. GuruFocus rates FRA:50DA with a GF Score™ of 71/100 and a GF Value™ of €12.21. The stock has 6 warning signs investors should review. Among 1,300 Real Estate companies, DREAM Unlimited ranks better than 57.08% on this metric.

As of today (2026-09-15), DREAM Unlimited's current share price is €11.00. DREAM Unlimited's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €22.28. DREAM Unlimited's Cyclically Adjusted PB Ratio for today is 0.49.

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

FRA:50DA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.79   Max: 2.4
Current: 0.55

During the past years, DREAM Unlimited's highest Cyclically Adjusted PB Ratio was 2.40. The lowest was 0.55. And the median was 0.79.

FRA:50DA's Cyclically Adjusted PB Ratio is ranked better than
57.08% of 1300 companies
in the Real Estate industry
Industry Median: 0.66 vs FRA:50DA: 0.55

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.

DREAM Unlimited's adjusted book value per share data for the three months ended in Jun. 2026 was €21.209. 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 €22.28 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DREAM Unlimited  (FRA:50DA) 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.


DREAM Unlimited Cyclically Adjusted PB Ratio Related Terms


DREAM Unlimited Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for DREAM Unlimited'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.

DREAM Unlimited Cyclically Adjusted PB Ratio Chart

DREAM Unlimited 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 1.70 0.96 0.78 0.72 0.51

DREAM Unlimited 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 0.58 0.58 0.52 0.49 0.53

DREAM Unlimited Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, DREAM Unlimited'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.


DREAM Unlimited Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


FRA:50DA
71GF Score
DREAM Unlimited Corp FRA:50DA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DREAM Unlimited 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.

DREAM Unlimited's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.00/22.276
=0.49

* 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.

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

For example, DREAM Unlimited'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)
=21.209/133.5265*133.5265
=21.209

Current CPI (Jun. 2026) = 133.5265.

DREAM Unlimited Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.170 101.765 17.281
201612 14.530 101.449 19.124
201703 14.593 102.634 18.986
201706 10.215 103.029 13.239
201709 10.626 103.345 13.729
201712 11.652 103.345 15.055
201803 12.547 105.004 15.955
201806 12.640 105.557 15.989
201809 13.121 105.636 16.585
201812 13.362 105.399 16.928
201903 13.457 106.979 16.796
201906 13.426 107.690 16.647
201909 14.227 107.611 17.653
201912 18.690 107.769 23.157
202003 20.234 107.927 25.033
202006 20.812 108.401 25.636
202009 20.298 108.164 25.057
202012 20.047 108.559 24.658
202103 21.224 110.298 25.694
202106 20.826 111.720 24.891
202109 21.417 112.905 25.329
202112 23.113 113.774 27.126
202203 24.383 117.646 27.674
202206 26.585 120.806 29.384
202209 28.421 120.648 31.455
202212 25.228 120.964 27.848
202303 25.128 122.702 27.345
202306 24.427 124.203 26.261
202309 24.788 125.230 26.430
202312 22.931 125.072 24.481
202403 22.938 126.258 24.259
202406 23.594 127.522 24.705
202409 22.479 127.285 23.581
202412 24.040 127.364 25.203
202503 22.521 129.181 23.279
202506 21.522 129.892 22.124
202509 20.795 130.287 21.312
202512 21.734 130.366 22.261
202603 21.465 132.262 21.670
202606 21.209 133.527 21.209

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 0.49 mean?
DREAM Unlimited (FRA:50DA) has a Cyclically Adjusted PB Ratio of 0.49 as of Sep. 15, 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 DREAM Unlimited and its competitors. This is 38% below median its historical median of 0.79. Over the past decade, DREAM Unlimited's Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.40. According to the industry distribution chart, DREAM Unlimited ranks #558 out of 1300 companies in the Real Estate industry, placing it in the top 42.9%.
Is DREAM Unlimited's Cyclically Adjusted PB Ratio too high?
DREAM Unlimited's current Cyclically Adjusted PB Ratio of 0.49 is 38% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.40. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. DREAM Unlimited's value of 0.49 is 25.8% below this industry median. Based on the distribution chart, DREAM Unlimited ranks #558 out of 1300 companies in the Real Estate industry, which is above the industry midpoint. Overall, DREAM Unlimited has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does DREAM Unlimited's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, DREAM Unlimited ranks #558 out of 1300 companies for Cyclically Adjusted PB Ratio. This puts DREAM Unlimited in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.66. DREAM Unlimited's value of 0.49 is 25.8% below this benchmark. Historically, DREAM Unlimited's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.40 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.66, DREAM Unlimited has consistently been below 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 a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.66, based on 1,300 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. DREAM Unlimited's current Cyclically Adjusted PB Ratio of 0.49 is 25.8% below 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 DREAM Unlimited and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DREAM Unlimited's current Cyclically Adjusted PB Ratio is 0.49, which is 38% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DREAM Unlimited stock overvalued right now?
DREAM Unlimited (FRA:50DA) has a current Cyclically Adjusted PB Ratio of 0.49. The stock's GF Value™ is €12.21, compared to a current price of €11.00 — trading 9.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.49, which is 38% below median its 10-year median of 0.79 and 25.8% below the Real Estate industry median of 0.66. DREAM Unlimited's overall GF Score™ is 71/100 with 6 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 DREAM Unlimited (FRA:50DA), the current Cyclically Adjusted PB Ratio is 0.49 as of Sep. 15, 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 DREAM Unlimited (FRA:50DA) Overvalued in 2026?

Based on GuruFocus' analysis, DREAM Unlimited stock appears to be undervalued. The current stock price of €11.00 is trading 9.9% below its estimated GF Value™ of €12.21.

Key valuation signals for FRA:50DA:

  • Cyclically Adjusted PB Ratio: 0.49 (38% below median its 10-year median of 0.79)
  • GF Value™: €12.21 vs. price of €11.00 (9.9% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 25.8% below the Real Estate median (#558 of 1300)

No single metric tells the full story. See the FRA:50DA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DREAM Unlimited Business Description

Other Exchanges DRUNF:USADRM:Canada
Address 30 Adelaide Street East, Suite 301, State Street Financial Centre, Toronto, ON, CAN, M5C 3H1
DREAM Unlimited Corp is a real estate company. The company develops land and housing in its master planned communities in Western Canada and holds a portfolio of income-generating properties across Canada. The company's reportable segment includes Asset management, Income properties, Western Canada development, and Other investments. The company generates the majority of its revenue from Western Canada development, which is comprised of land and housing development across its master-planned communities in Saskatchewan and Alberta.
71GF Score

Get the complete analysis for FRA:50DA

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

€11.00
Price
€12.21
GF Value