Modivo (FRA:6RK) Cyclically Adjusted PB Ratio: 3.53 (As of Aug. 07, 2026) — 24% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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
71 GF Score
Price €22.35
GF Value €30.60
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Modivo Cyclically Adjusted PB Ratio?

Modivo FRA:6RK +0.59% 71 Cyclically Adjusted PB Ratio is 3.53 as of Aug. 07, 2026, which is 24% below its 10-year median of 4.65. GuruFocus rates FRA:6RK with a GF Score™ of 71/100 and a GF Value™ of €30.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 805 Retail - Cyclical companies, Modivo ranks worse than 79.25% on this metric.

As of today (2026-08-07), Modivo's current share price is €22.35. Modivo's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was €6.34. Modivo's Cyclically Adjusted PB Ratio for today is 3.53.

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

FRA:6RK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 4.65   Max: 18.41
Current: 3.07

During the past years, Modivo's highest Cyclically Adjusted PB Ratio was 18.41. The lowest was 1.29. And the median was 4.65.

FRA:6RK's Cyclically Adjusted PB Ratio is ranked worse than
79.25% of 805 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs FRA:6RK: 3.07

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.

Modivo's adjusted book value per share data for the three months ended in Apr. 2026 was €6.598. 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 €6.34 for the trailing ten years ended in Apr. 2026.

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 Dec15 Dec16 Dec17 Dec18 Dec19 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 1.63 2.15 6.16 4.22

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 7.78 6.98 5.46 4.22 2.87

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
71GF Score
Modivo SA FRA:6RK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.35/6.34
=3.53

* 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'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)
=6.598/163.3900*163.3900
=6.598

Current CPI (Apr. 2026) = 163.3900.

Modivo Quarterly Data

Book Value per Share CPI Adj_Book
201603 6.737 98.983 11.121
201606 5.737 99.552 9.416
201609 5.952 99.064 9.817
201612 5.512 100.366 8.973
201703 6.793 101.018 10.987
201706 6.668 101.180 10.768
201709 5.773 101.343 9.307
201712 6.597 102.564 10.509
201803 5.507 102.564 8.773
201806 5.918 103.378 9.353
201809 5.698 103.378 9.006
201812 5.822 103.785 9.166
201903 4.967 104.274 7.783
201906 5.082 105.983 7.835
201909 4.986 105.983 7.687
201912 5.495 107.123 8.381
202003 3.614 109.076 5.414
202006 2.342 109.402 3.498
202009 2.080 109.320 3.109
202104 3.221 113.553 4.635
202107 2.696 114.449 3.849
202110 4.851 116.891 6.781
202201 4.215 121.368 5.674
202204 3.364 127.554 4.309
202207 3.212 132.357 3.965
202210 2.927 137.973 3.466
202301 1.780 142.613 2.039
202304 1.657 147.009 1.842
202307 2.717 146.683 3.026
202310 2.734 146.520 3.049
202401 2.802 148.311 3.087
202404 3.060 150.672 3.318
202407 3.980 153.114 4.247
202410 4.515 153.928 4.793
202501 5.331 156.207 5.576
202504 6.991 157.672 7.245
202507 7.126 157.998 7.369
202510 7.545 158.160 7.794
202601 6.570 161.810 6.634
202604 6.598 163.390 6.598

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 3.53 mean?
Modivo (FRA:6RK) has a Cyclically Adjusted PB Ratio of 3.53 as of Aug. 07, 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 Modivo and its competitors. This is 24% below median its historical median of 4.65. Over the past decade, Modivo's Cyclically Adjusted PB Ratio has ranged from 1.29 to 18.41. According to the industry distribution chart, Modivo ranks #638 out of 805 companies in the Retail - Cyclical industry, placing it in the top 79.3%.
Is Modivo's Cyclically Adjusted PB Ratio too high?
Modivo's current Cyclically Adjusted PB Ratio of 3.53 is 24% below median its 10-year median of 4.65. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 18.41. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Modivo's value of 3.53 is 184.7% above this industry median. Based on the distribution chart, Modivo ranks #638 out of 805 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Modivo has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modivo's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Modivo ranks #638 out of 805 companies for Cyclically Adjusted PB Ratio. This places Modivo in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Modivo's value of 3.53 is 184.7% above this benchmark. Historically, Modivo's own Cyclically Adjusted PB Ratio has ranged from 1.29 to 18.41 over the past decade. While the company's 10-year median is 4.65 vs. the industry median of 1.24, Modivo 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 805 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. Modivo's current Cyclically Adjusted PB Ratio of 3.53 is 184.7% 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 Modivo and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modivo's current Cyclically Adjusted PB Ratio is 3.53, which is 24% below median its own 10-year median of 4.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modivo stock overvalued right now?
Based on GuruFocus' analysis, Modivo (FRA:6RK) is currently considered Modestly Undervalued. The stock's GF Value™ is €30.60, compared to a current price of €22.35 — trading 27% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.53, which is 24% below median its 10-year median of 4.65 and 184.7% above the Retail - Cyclical industry median of 1.24. Modivo's overall GF Score™ is 71/100 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 Modivo (FRA:6RK), the current Cyclically Adjusted PB Ratio is 3.53 as of Aug. 07, 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 Modivo (FRA:6RK) Overvalued in 2026?

Based on GuruFocus' analysis, Modivo stock appears to be undervalued. The current stock price of €22.35 is trading 27% below its estimated GF Value™ of €30.60. GuruFocus considers Modivo to be Modestly Undervalued.

Key valuation signals for FRA:6RK:

  • Cyclically Adjusted PB Ratio: 3.53 (24% below median its 10-year median of 4.65)
  • GF Value™: €30.60 vs. price of €22.35 (27% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 184.7% above the Retail - Cyclical median (#638 of 805)

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.
71GF 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.

€22.35
Price
€30.60
GF Value