Strategem Capital (FRA:6QO) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:6QO Strategem Capital Corp FRA:6QO
47 GF Score
Price €0.37
GF Value €0.24
! 1 Warning Sign
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What is Strategem Capital Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Strategem Capital  (FRA:6QO) 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.


Strategem Capital Cyclically Adjusted PB Ratio Related Terms


Strategem Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Strategem Capital'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.

Strategem Capital Cyclically Adjusted PB Ratio Chart

Strategem Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Strategem Capital 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 - - - 0.18 0.32

FRA:6QO vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Strategem Capital'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.


Strategem Capital Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Strategem Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:6QO
47GF Score
Strategem Capital Corp FRA:6QO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Strategem Capital 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.

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

For example, Strategem Capital'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)
=0.855/133.5265*133.5265
=0.855

Current CPI (Jun. 2026) = 133.5265.

Strategem Capital Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.656 101.765 2.173
201612 1.738 101.449 2.288
201703 1.751 102.634 2.278
201706 1.699 103.029 2.202
201709 1.758 103.345 2.271
201712 1.808 103.345 2.336
201803 1.658 105.004 2.108
201806 1.739 105.557 2.200
201809 1.774 105.636 2.242
201812 1.626 105.399 2.060
201903 1.746 106.979 2.179
201906 1.753 107.690 2.174
201909 1.807 107.611 2.242
201912 1.784 107.769 2.210
202003 1.679 107.927 2.077
202006 1.710 108.401 2.106
202009 1.666 108.164 2.057
202012 1.413 108.559 1.738
202103 2.671 110.298 3.234
202106 1.954 111.720 2.335
202109 1.997 112.905 2.362
202112 2.173 113.774 2.550
202203 1.933 117.646 2.194
202206 1.125 120.806 1.243
202209 0.909 120.648 1.006
202212 0.862 120.964 0.952
202303 0.934 122.702 1.016
202306 0.817 124.203 0.878
202309 0.737 125.230 0.786
202312 0.730 125.072 0.779
202403 0.828 126.258 0.876
202406 0.775 127.522 0.811
202409 0.754 127.285 0.791
202412 0.765 127.364 0.802
202503 0.686 129.181 0.709
202506 0.724 129.892 0.744
202509 0.747 130.287 0.766
202512 0.740 130.366 0.758
202603 0.822 132.262 0.830
202606 0.855 133.527 0.855

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.

Is Strategem Capital (FRA:6QO) Overvalued in 2026?

Based on GuruFocus' analysis, Strategem Capital stock appears to be overvalued. The current stock price of €0.37 is trading 52.1% above its estimated GF Value™ of €0.24.

Key valuation signals for FRA:6QO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.24 vs. price of €0.37 (52.1% above fair value)
  • GF Score™: 47/100 with 1 warning sign

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


Strategem Capital Business Description

Other Exchanges SGE:Canada
Address 240 11 Avenue South West, Suite 210, Calgary, BC, CAN, T2R 0C3
Strategem Capital Corp invests in resource exploration and development opportunities, mining, energy production and agricultural protein products. Its investments are focused on high growth opportunities in private or public companies and its objective is to own and manage operating businesses. The company derives revenue in the form of interest, dividends and gains on the sale of investments.
47GF Score

Get the complete analysis for FRA:6QO

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

€0.37
Price
€0.24
GF Value