Calgro M3 Holdings (FRA:5C2) Cyclically Adjusted PB Ratio: 0.34 (As of Jul. 29, 2026) — 39% Below Median

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:5C2 Calgro M3 Holdings Ltd FRA:5C2
29 GF Score
Price €0.19
GF Value €0.20
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Calgro M3 Holdings Cyclically Adjusted PB Ratio?

Calgro M3 Holdings FRA:5C2 +2.78% 29 Cyclically Adjusted PB Ratio is 0.34 as of Jul. 29, 2026, which is 39% below its 10-year median of 0.56. GuruFocus rates FRA:5C2 with a GF Score™ of 29/100 and a GF Value™ of €0.20 (Fairly Valued). The stock has 8 warning signs investors should review. Among 74 Homebuilding & Construction companies, Calgro M3 Holdings ranks better than 90.54% on this metric.

As of today (2026-07-29), Calgro M3 Holdings's current share price is €0.185. Calgro M3 Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb26 was €0.55. Calgro M3 Holdings's Cyclically Adjusted PB Ratio for today is 0.34.

The historical rank and industry rank for Calgro M3 Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:5C2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.56   Max: 7.3
Current: 0.34

During the past 13 years, Calgro M3 Holdings's highest Cyclically Adjusted PB Ratio was 7.30. The lowest was 0.29. And the median was 0.56.

FRA:5C2's Cyclically Adjusted PB Ratio is ranked better than
90.54% of 74 companies
in the Homebuilding & Construction industry
Industry Median: 1.125 vs FRA:5C2: 0.34

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.

Calgro M3 Holdings's adjusted book value per share data of for the fiscal year that ended in Feb26 was €0.870. 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 €0.55 for the trailing ten years ended in Feb26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Calgro M3 Holdings  (FRA:5C2) 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.


Calgro M3 Holdings Cyclically Adjusted PB Ratio Related Terms


Calgro M3 Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Calgro M3 Holdings'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.

Calgro M3 Holdings Cyclically Adjusted PB Ratio Chart

Calgro M3 Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.31 0.48 0.48 0.49

Calgro M3 Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.48 0.00 0.48 0.00 0.49

FRA:5C2 vs DHI, PHM, LEN: Cyclically Adjusted PB Ratio Comparison

For the Residential Construction subindustry, Calgro M3 Holdings'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.


Calgro M3 Holdings Cyclically Adjusted PB Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Calgro M3 Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Calgro M3 Holdings's Cyclically Adjusted PB Ratio falls into.


FRA:5C2
29GF Score
Calgro M3 Holdings Ltd FRA:5C2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Calgro M3 Holdings 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.

Calgro M3 Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.185/0.55
=0.34

* 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.

Calgro M3 Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb26 is calculated as:

For example, Calgro M3 Holdings's adjusted Book Value per Share data for the fiscal year that ended in Feb26 was:

Adj_Book=Book Value per Share/CPI of Feb26 (Change)*Current CPI (Feb26)
=0.87/163.8300*163.8300
=0.870

Current CPI (Feb26) = 163.8300.

Calgro M3 Holdings Annual Data

Book Value per Share CPI Adj_Book
201702 0.568 110.855 0.839
201802 0.624 115.106 0.888
201902 0.401 119.793 0.548
202002 0.388 125.243 0.508
202102 0.382 128.817 0.486
202202 0.459 136.109 0.552
202302 0.492 146.101 0.552
202402 0.646 154.225 0.686
202502 0.770 159.099 0.793
202602 0.870 163.830 0.870

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 0.34 mean?
Calgro M3 Holdings (FRA:5C2) has a Cyclically Adjusted PB Ratio of 0.34 as of Jul. 29, 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 Calgro M3 Holdings and its competitors. This is 39% below median its historical median of 0.56. Over the past decade, Calgro M3 Holdings' Cyclically Adjusted PB Ratio has ranged from 0.29 to 7.30. According to the industry distribution chart, Calgro M3 Holdings ranks #7 out of 74 companies in the Homebuilding & Construction industry, placing it in the top 9.5%.
Is Calgro M3 Holdings' Cyclically Adjusted PB Ratio too high?
Calgro M3 Holdings' current Cyclically Adjusted PB Ratio of 0.34 is 39% below median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 7.30. The Homebuilding & Construction industry median Cyclically Adjusted PB Ratio is 1.13. Calgro M3 Holdings' value of 0.34 is 69.8% below this industry median. Based on the distribution chart, Calgro M3 Holdings ranks #7 out of 74 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Calgro M3 Holdings has a GF Score™ of 29/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Calgro M3 Holdings' Cyclically Adjusted PB Ratio compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Calgro M3 Holdings ranks #7 out of 74 companies for Cyclically Adjusted PB Ratio. This places Calgro M3 Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.13. Calgro M3 Holdings' value of 0.34 is 69.8% below this benchmark. Historically, Calgro M3 Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.29 to 7.30 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.13, Calgro M3 Holdings 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 Homebuilding & Construction company?
The median Cyclically Adjusted PB Ratio among Homebuilding & Construction companies is 1.13, based on 74 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. Calgro M3 Holdings's current Cyclically Adjusted PB Ratio of 0.34 is 69.8% 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 Calgro M3 Holdings and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calgro M3 Holdings's current Cyclically Adjusted PB Ratio is 0.34, which is 39% below median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calgro M3 Holdings stock overvalued right now?
Based on GuruFocus' analysis, Calgro M3 Holdings (FRA:5C2) is currently considered Fairly Valued. The stock's GF Value™ is €0.20, compared to a current price of €0.19 — trading 7.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.34, which is 39% below median its 10-year median of 0.56 and 69.8% below the Homebuilding & Construction industry median of 1.13. Calgro M3 Holdings' overall GF Score™ is 29/100 with 8 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 Calgro M3 Holdings (FRA:5C2), the current Cyclically Adjusted PB Ratio is 0.34 as of Jul. 29, 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 Calgro M3 Holdings (FRA:5C2) Overvalued in 2026?

Based on GuruFocus' analysis, Calgro M3 Holdings stock appears to be undervalued. The current stock price of €0.19 is trading 7.5% below its estimated GF Value™ of €0.20. GuruFocus considers Calgro M3 Holdings to be Fairly Valued.

Key valuation signals for FRA:5C2:

  • Cyclically Adjusted PB Ratio: 0.34 (39% below median its 10-year median of 0.56)
  • GF Value™: €0.20 vs. price of €0.19 (7.5% below fair value)
  • GF Score™: 29/100 with 8 warning signs
  • Industry Position: 69.8% below the Homebuilding & Construction median (#7 of 74)

No single metric tells the full story. See the FRA:5C2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Calgro M3 Holdings Business Description

Other Exchanges CGR:South AfricaCLMHF:USA
Address 33 Ballyclare Drive, Ballywoods Office Park, Calgro M3 Building, Bryanston, Sandton, Johannesburg, GT, ZAF, 2196
Calgro M3 Holdings Ltd is a property and property-related investment company that specializes in the development of Integrated Residential Developments and the development and management of Memorial Parks, focusing on its operations in Gauteng, Western Cape, Free State and Northwest. The group develops integrated housing developments consisting of subsidized, social, Grassroots Affordable or First Home Finance and Affordable Housing. Its segments include Residential Property Development segment consists of development of integrated housing developments and mid to high income housing projects and Memorial Parks consist of burial rights and the associated burial and maintenance services.
29GF Score

Get the complete analysis for FRA:5C2

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

€0.19
Price
€0.20
GF Value