Ncino (FRA:6NCA) Cyclically Adjusted PB Ratio: (As of Sep. 08, 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.
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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:6NCA Ncino Inc FRA:6NCA
75 GF Score
Price €19.70
GF Value €32.58
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Ncino Cyclically Adjusted PB Ratio?

Ncino does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ncino  (FRA:6NCA) 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.


Ncino Cyclically Adjusted PB Ratio Related Terms


Ncino Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ncino'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.

Ncino Cyclically Adjusted PB Ratio Chart

Ncino Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
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Ncino Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 0.00 0.00 0.00 0.00 0.00

FRA:6NCA vs ADBT, ASAN, VIA: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Ncino'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.


Ncino Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:6NCA
75GF Score
Ncino Inc FRA:6NCA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ncino 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.

Ncino does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Is Ncino (FRA:6NCA) Overvalued in 2026?

Based on GuruFocus' analysis, Ncino stock appears to be undervalued. The current stock price of €19.70 is trading 39.5% below its estimated GF Value™ of €32.58. GuruFocus considers Ncino to be Significantly Undervalued.

Key valuation signals for FRA:6NCA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €32.58 vs. price of €19.70 (39.5% below fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the FRA:6NCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ncino Business Description

Other Exchanges NCNO:USANCNO1:Mexico
Address 6770 Parker Farm Drive, Wilmington, NC, USA, 28405
Ncino Inc is a provider of cloud-based software for financial institutions. It is focused on developing the nCino Platform to transform commercial and small business lending for community and regional banks in the U.S. With the company's platform financial institutions can Operate More Intelligently, Improve Efficiency, Elevate Employee and Client Experiences, and Manage Risk and Compliance Continuously Rather Than Reactively. It has built and acquired technology, including SimpleNexus, DocFox, FullCircl, ILT, Visible Equity, FinSuite, and Sandbox Banking, to augment the nCino Platform's capabilities for mortgage lending, onboarding, account opening, indirect auto lending, and analytics and AI. The company operates as one operating segment.
75GF Score

Get the complete analysis for FRA:6NCA

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

€19.70
Price
€32.58
GF Value