Piperndler Cos (FRA:62C) Cyclically Adjusted PB Ratio: 3.33 (As of Sep. 15, 2026) — 77% Above Median

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FRA:62C Piper Sandler Cos FRA:62C
71 GF Score
Price €64.50
GF Value €75.67
Valuation Modestly Undervalued
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What is Piperndler Cos Cyclically Adjusted PB Ratio?

Piperndler Cos FRA:62C -1.23% 71 Cyclically Adjusted PB Ratio is 3.33 as of Sep. 15, 2026, which is 77% above its 10-year median of 1.88. GuruFocus rates FRA:62C with a GF Score™ of 71/100 and a GF Value™ of €75.67 (Modestly Undervalued). Among 435 Capital Markets companies, Piperndler Cos ranks worse than 80.92% on this metric.

As of today (2026-09-15), Piperndler Cos's current share price is €64.50. Piperndler Cos's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €19.36. Piperndler Cos's Cyclically Adjusted PB Ratio for today is 3.33.

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

FRA:62C' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.88   Max: 5.03
Current: 3.98

During the past years, Piperndler Cos's highest Cyclically Adjusted PB Ratio was 5.03. The lowest was 0.64. And the median was 1.88.

FRA:62C's Cyclically Adjusted PB Ratio is ranked worse than
80.92% of 435 companies
in the Capital Markets industry
Industry Median: 1.42 vs FRA:62C: 3.98

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.

Piperndler Cos's adjusted book value per share data for the three months ended in Jun. 2026 was €20.296. 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 €19.36 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Piperndler Cos  (FRA:62C) 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.


Piperndler Cos Cyclically Adjusted PB Ratio Related Terms


Piperndler Cos Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Piperndler Cos'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.

Piperndler Cos Cyclically Adjusted PB Ratio Chart

Piperndler Cos 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 2.65 1.83 2.20 3.82 3.79

Piperndler Cos 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 3.18 3.93 3.91 3.21 3.27

FRA:62C vs MRX, MC, MKTX: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Piperndler Cos'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.


Piperndler Cos Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Piperndler Cos's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:62C
71GF Score
Piper Sandler Cos FRA:62C
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Piperndler Cos 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.

Piperndler Cos's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=64.50/19.363
=3.33

* 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.

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

For example, Piperndler Cos'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)
=20.296/333.9520*333.9520
=20.296

Current CPI (Jun. 2026) = 333.9520.

Piperndler Cos Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.206 241.428 21.033
201612 15.613 241.432 21.596
201703 15.028 243.801 20.585
201706 14.213 244.955 19.377
201709 12.898 246.819 17.451
201712 11.953 246.524 16.192
201803 11.235 249.554 15.035
201806 11.838 251.989 15.688
201809 12.035 252.439 15.921
201812 12.292 251.233 16.339
201903 11.798 254.202 15.499
201906 11.625 256.143 15.156
201909 12.747 256.759 16.579
201912 13.095 256.974 17.018
202003 13.159 258.115 17.025
202006 13.121 257.797 16.997
202009 13.308 260.280 17.075
202012 13.735 260.474 17.610
202103 14.620 264.877 18.433
202106 15.855 271.696 19.488
202109 17.027 274.310 20.729
202112 19.088 278.802 22.864
202203 18.301 287.504 21.258
202206 20.417 296.311 23.011
202209 22.284 296.808 25.073
202212 21.484 296.797 24.174
202303 19.229 301.836 21.275
202306 19.125 305.109 20.933
202309 19.030 307.789 20.648
202312 19.348 306.746 21.064
202403 19.608 312.332 20.965
202406 19.668 314.175 20.906
202409 19.138 315.301 20.270
202412 21.215 315.605 22.448
202503 19.311 319.799 20.166
202506 17.849 322.561 18.479
202509 18.608 324.800 19.132
202512 19.971 324.054 20.581
202603 19.925 330.213 20.151
202606 20.296 333.952 20.296

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 3.33 mean?
Piperndler Cos (FRA:62C) has a Cyclically Adjusted PB Ratio of 3.33 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 Piperndler Cos and its competitors. This is 77% above median its historical median of 1.88. Over the past decade, Piperndler Cos' Cyclically Adjusted PB Ratio has ranged from 0.64 to 5.03. According to the industry distribution chart, Piperndler Cos ranks #352 out of 435 companies in the Capital Markets industry, placing it in the top 80.9%.
Is Piperndler Cos' Cyclically Adjusted PB Ratio too high?
Piperndler Cos' current Cyclically Adjusted PB Ratio of 3.33 is 77% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 5.03. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.42. Piperndler Cos' value of 3.33 is 134.5% above this industry median. Based on the distribution chart, Piperndler Cos ranks #352 out of 435 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Piperndler Cos has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Piperndler Cos' Cyclically Adjusted PB Ratio compare to MRX and MC?
According to the Capital Markets industry distribution chart, Piperndler Cos ranks #352 out of 435 companies for Cyclically Adjusted PB Ratio. This places Piperndler Cos in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Piperndler Cos' value of 3.33 is 134.5% above this benchmark. Historically, Piperndler Cos' own Cyclically Adjusted PB Ratio has ranged from 0.64 to 5.03 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 1.42, Piperndler Cos has consistently been above 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.42, based on 435 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. Piperndler Cos's current Cyclically Adjusted PB Ratio of 3.33 is 134.5% above 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 Piperndler Cos and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piperndler Cos's current Cyclically Adjusted PB Ratio is 3.33, which is 77% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piperndler Cos stock overvalued right now?
Based on GuruFocus' analysis, Piperndler Cos (FRA:62C) is currently considered Modestly Undervalued. The stock's GF Value™ is €75.67, compared to a current price of €64.50 — trading 14.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.33, which is 77% above median its 10-year median of 1.88 and 134.5% above the Capital Markets industry median of 1.42. Piperndler Cos' overall GF Score™ is 71/100. 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 Piperndler Cos (FRA:62C), the current Cyclically Adjusted PB Ratio is 3.33 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 Piperndler Cos (FRA:62C) Overvalued in 2026?

Based on GuruFocus' analysis, Piperndler Cos stock appears to be undervalued. The current stock price of €64.50 is trading 14.8% below its estimated GF Value™ of €75.67. GuruFocus considers Piperndler Cos to be Modestly Undervalued.

Key valuation signals for FRA:62C:

  • Cyclically Adjusted PB Ratio: 3.33 (77% above median its 10-year median of 1.88)
  • GF Value™: €75.67 vs. price of €64.50 (14.8% below fair value)
  • GF Score™: 71/100
  • Industry Position: 134.5% above the Capital Markets median (#352 of 435)

No single metric tells the full story. See the FRA:62C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Piperndler Cos Business Description

Other Exchanges PIPR:USA
Address 350 North 5th Street, Suite 1000, Minneapolis, MN, USA, 55401-5711
Piper Sandler Cos is an investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States (U.S.) and internationally. The company provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; fixed income services; and alternative asset management strategies. It generates maximum revenue from Advisory services.
71GF Score

Get the complete analysis for FRA:62C

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

€64.50
Price
€75.67
GF Value