Modivo (FRA:6RK) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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:6RK Modivo SA FRA:6RK
67 GF Score
Price €19.84
GF Value €30.79
Valuation Possible Value Trap
! 6 Warning Signs
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What is Modivo Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Modivo  (FRA:6RK) 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.


Modivo Cyclically Adjusted PB Ratio Related Terms


Modivo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Modivo'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.

Modivo Cyclically Adjusted PB Ratio Chart

Modivo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.81 1.35 1.92 5.82 4.23

Modivo Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 7.52 6.72 5.35 4.11 2.68

FRA:6RK vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Modivo'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.


Modivo Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Modivo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:6RK
67GF Score
Modivo SA FRA:6RK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Modivo 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.

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

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

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=6.422/163.3900*163.3900
=6.422

Current CPI (Apr. 2026) = 163.3900.

Modivo Quarterly Data

Book Value per Share CPI Adj_Book
201603 6.828 98.983 11.271
201606 5.627 99.552 9.235
201609 5.984 99.064 9.870
201612 7.175 100.366 11.680
201703 101.018 0.000
201706 5.939 101.180 9.591
201709 6.081 101.343 9.804
201712 6.802 102.564 10.836
201803 5.969 102.564 9.509
201806 6.482 103.378 10.245
201809 6.392 103.378 10.103
201812 6.492 103.785 10.220
201903 5.597 104.274 8.770
201906 5.846 105.983 9.013
201909 5.451 105.983 8.404
201912 6.226 107.123 9.496
202003 3.998 109.076 5.989
202006 2.685 109.402 4.010
202009 2.407 109.320 3.597
202104 0.680 113.553 0.978
202107 3.071 114.449 4.384
202110 5.138 116.891 7.182
202201 4.571 121.368 6.154
202204 3.722 127.554 4.768
202207 3.588 132.357 4.429
202210 3.314 137.973 3.924
202301 2.252 142.613 2.580
202304 2.580 147.009 2.867
202307 3.097 146.683 3.450
202310 3.042 146.520 3.392
202401 3.194 148.311 3.519
202404 3.367 150.672 3.651
202407 4.203 153.114 4.485
202410 4.667 153.928 4.954
202501 6.452 156.207 6.749
202504 7.052 157.672 7.308
202507 7.210 157.998 7.456
202510 7.612 158.160 7.864
202601 6.539 161.810 6.603
202604 6.422 163.390 6.422

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 Modivo (FRA:6RK) Overvalued in 2026?

Based on GuruFocus' analysis, Modivo stock appears to be undervalued. The current stock price of €19.84 is trading 35.6% below its estimated GF Value™ of €30.79. GuruFocus considers Modivo to be Possible Value Trap.

Key valuation signals for FRA:6RK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €30.79 vs. price of €19.84 (35.6% below fair value)
  • GF Score™: 67/100 with 6 warning signs

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


Modivo Business Description

Other Exchanges MDV:Poland
Address ul. Strefowa 6, Polkowice, POL, 59-101
Modivo SA business activities are concentrated in the retail, digital, and wholesale segments and include the wholesale and retail trade of clothing and footwear. Its operating segments include CCC, which generates the majority of revenue and includes sales through websites, offline retail stores, distribution, and wholesale operations, as well as HalfPrice and MODIVO (MODIVO and eobuwie). The Company's business lines include CCC, eobuwie, MODIVO, HalfPrice, worldbox, Boardriders, Warsaw Sneaker Store, SK Store, and Sklep Biegacza.
67GF Score

Get the complete analysis for FRA:6RK

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

€19.84
Price
€30.79
GF Value