Adventure (FRA:6OQ) Cyclically Adjusted PB Ratio: 1.77 (As of Aug. 27, 2026) — 61% Below Median

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Director of Data and Quant Analytics at GuruFocus
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FRA:6OQ Adventure Inc FRA:6OQ
60 GF Score
Price €7.65
GF Value €20.36
! 4 Warning Signs
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What is Adventure Cyclically Adjusted PB Ratio?

Adventure FRA:6OQ 60 Cyclically Adjusted PB Ratio is 1.77 as of Aug. 27, 2026, which is 61% below its 10-year median of 4.58. GuruFocus rates FRA:6OQ with a GF Score™ of 60/100 and a GF Value™ of €20.36. The stock has 4 warning signs investors should review. Among 604 Travel & Leisure companies, Adventure ranks worse than 64.07% on this metric.

As of today (2026-08-27), Adventure's current share price is €7.65. Adventure's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.31. Adventure's Cyclically Adjusted PB Ratio for today is 1.77.

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

FRA:6OQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42   Med: 4.58   Max: 9.4
Current: 1.87

During the past years, Adventure's highest Cyclically Adjusted PB Ratio was 9.40. The lowest was 1.42. And the median was 4.58.

FRA:6OQ's Cyclically Adjusted PB Ratio is ranked worse than
64.07% of 604 companies
in the Travel & Leisure industry
Industry Median: 1.175 vs FRA:6OQ: 1.87

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.

Adventure's adjusted book value per share data for the three months ended in Mar. 2026 was €7.018. 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 €4.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adventure  (FRA:6OQ) 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.


Adventure Cyclically Adjusted PB Ratio Related Terms


Adventure Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Adventure'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.

Adventure Cyclically Adjusted PB Ratio Chart

Adventure Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 8.72 4.70 0.00

Adventure 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 4.70 3.82 2.11 2.01 0.00

FRA:6OQ vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, Adventure'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.


Adventure Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Adventure's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:6OQ
60GF Score
Adventure Inc FRA:6OQ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Adventure 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.

Adventure's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.65/4.31
=1.77

* 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.

Adventure's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Adventure's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.018/112.7000*112.7000
=7.018

Current CPI (Mar. 2026) = 112.7000.

Adventure Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.458 98.100 1.675
201609 1.556 98.000 1.789
201612 1.736 98.400 1.988
201703 1.890 98.100 2.171
201706 1.820 98.500 2.082
201709 1.674 98.800 1.910
201712 1.665 99.400 1.888
201803 1.524 99.200 1.731
201806 1.620 99.200 1.840
201809 1.826 99.900 2.060
201812 1.916 99.700 2.166
201903 2.287 99.700 2.585
201906 1.816 99.800 2.051
201909 2.221 100.100 2.501
201912 2.499 100.500 2.802
202003 2.585 100.300 2.905
202006 1.826 99.900 2.060
202009 2.053 99.900 2.316
202012 2.207 99.300 2.505
202103 2.492 99.900 2.811
202106 2.580 99.500 2.922
202109 2.956 100.100 3.328
202112 8.985 100.100 10.116
202203 9.187 101.100 10.241
202206 9.056 101.800 10.026
202209 9.682 103.100 10.584
202212 9.711 104.100 10.513
202303 10.223 104.400 11.036
202306 9.862 105.200 10.565
202309 9.794 106.200 10.393
202312 9.985 106.800 10.537
202403 9.900 107.200 10.408
202406 8.717 108.200 9.080
202409 0.000 108.900 0.000
202412 9.723 110.700 9.899
202503 9.949 111.100 10.092
202506 7.254 111.700 7.319
202509 7.200 112.000 7.245
202512 6.998 113.000 6.979
202603 7.018 112.700 7.018

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 1.77 mean?
Adventure (FRA:6OQ) has a Cyclically Adjusted PB Ratio of 1.77 as of Aug. 27, 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 Adventure and its competitors. This is 61% below median its historical median of 4.58. Over the past decade, Adventure's Cyclically Adjusted PB Ratio has ranged from 1.42 to 9.40. According to the industry distribution chart, Adventure ranks #387 out of 604 companies in the Travel & Leisure industry, placing it in the top 64.1%.
Is Adventure's Cyclically Adjusted PB Ratio too high?
Adventure's current Cyclically Adjusted PB Ratio of 1.77 is 61% below median its 10-year median of 4.58. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 9.40. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.18. Adventure's value of 1.77 is 50.6% above this industry median. Based on the distribution chart, Adventure ranks #387 out of 604 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Adventure has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Adventure's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Adventure ranks #387 out of 604 companies for Cyclically Adjusted PB Ratio. This places Adventure in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Adventure's value of 1.77 is 50.6% above this benchmark. Historically, Adventure's own Cyclically Adjusted PB Ratio has ranged from 1.42 to 9.40 over the past decade. While the company's 10-year median is 4.58 vs. the industry median of 1.18, Adventure 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.18, based on 604 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. Adventure's current Cyclically Adjusted PB Ratio of 1.77 is 50.6% 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 Adventure and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adventure's current Cyclically Adjusted PB Ratio is 1.77, which is 61% below median its own 10-year median of 4.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure stock overvalued right now?
Adventure (FRA:6OQ) has a current Cyclically Adjusted PB Ratio of 1.77. The stock's GF Value™ is €20.36, compared to a current price of €7.65 — trading 62.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.77, which is 61% below median its 10-year median of 4.58 and 50.6% above the Travel & Leisure industry median of 1.18. Adventure's overall GF Score™ is 60/100 with 4 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 Adventure (FRA:6OQ), the current Cyclically Adjusted PB Ratio is 1.77 as of Aug. 27, 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 Adventure (FRA:6OQ) Overvalued in 2026?

Based on GuruFocus' analysis, Adventure stock appears to be undervalued. The current stock price of €7.65 is trading 62.4% below its estimated GF Value™ of €20.36.

Key valuation signals for FRA:6OQ:

  • Cyclically Adjusted PB Ratio: 1.77 (61% below median its 10-year median of 4.58)
  • GF Value™: €20.36 vs. price of €7.65 (62.4% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 50.6% above the Travel & Leisure median (#387 of 604)

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


Adventure Business Description

Other Exchanges 6030:Japan
Address 4-20-3 Ebisu, 24th Floor, Yebisu Garden Place Tower, Shibuya Ward, Tokyo, JPN, 150-6024
Adventure Inc engages in the provision of online travel services. It operates Skyticket and WANNATRIP website portals. The Skyticket website portal offers online ticket booking services for multiple airlines, both domestic and overseas. The WANNATRIP website portal offers package tours and cruise travel to various destinations.
60GF Score

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

€7.65
Price
€20.36
GF Value