Northeast Bank (FRA:73K) 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:73K Northeast Bank FRA:73K
67 GF Score
Price €112.00
GF Value €90.07
! 7 Warning Signs
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What is Northeast Bank Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Northeast Bank  (FRA:73K) 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.


Northeast Bank Cyclically Adjusted PB Ratio Related Terms


Northeast Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Northeast Bank'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.

Northeast Bank Cyclically Adjusted PB Ratio Chart

Northeast Bank 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 2.00 1.87 2.19 2.66 3.44

Northeast Bank 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 2.79 3.07 3.08 3.13 3.64

FRA:73K vs FSBC, WTBFA, MCB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Northeast Bank'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.


Northeast Bank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Northeast Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:73K
67GF Score
Northeast Bank FRA:73K
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Northeast Bank 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.

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

For example, Northeast Bank'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)
=61.735/333.9520*333.9520
=61.735

Current CPI (Jun. 2026) = 333.9520.

Northeast Bank Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.240 241.428 15.548
201612 12.340 241.432 17.069
201703 12.587 243.801 17.241
201706 12.191 244.955 16.620
201709 12.056 246.819 16.312
201712 12.111 246.524 16.406
201803 12.188 249.554 16.310
201806 13.264 251.989 17.578
201809 13.645 252.439 18.051
201812 14.355 251.233 19.081
201903 15.088 254.202 19.822
201906 14.915 256.143 19.446
201909 16.044 256.759 20.868
201912 16.081 256.974 20.898
202003 16.839 258.115 21.786
202006 17.890 257.797 23.175
202009 17.963 260.280 23.047
202012 17.726 260.474 22.726
202103 22.112 264.877 27.878
202106 24.043 271.696 29.552
202109 25.286 274.310 30.784
202112 26.917 278.802 32.241
202203 28.783 287.504 33.433
202206 31.916 296.311 35.970
202209 34.425 296.808 38.733
202212 32.862 296.797 36.976
202303 34.071 301.836 37.696
202306 35.458 305.109 38.810
202309 37.744 307.789 40.952
202312 37.994 306.746 41.364
202403 40.845 312.332 43.672
202406 43.237 314.175 45.959
202409 42.832 315.301 45.366
202412 50.498 315.605 53.434
202503 50.767 319.799 53.014
202506 49.392 322.561 51.136
202509 51.051 324.800 52.489
202512 53.347 324.054 54.976
202603 57.587 330.213 58.239
202606 61.735 333.952 61.735

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 Northeast Bank (FRA:73K) Overvalued in 2026?

Based on GuruFocus' analysis, Northeast Bank stock appears to be overvalued. The current stock price of €112.00 is trading 24.3% above its estimated GF Value™ of €90.07.

Key valuation signals for FRA:73K:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €90.07 vs. price of €112.00 (24.3% above fair value)
  • GF Score™: 67/100 with 7 warning signs

No single metric tells the full story. See the FRA:73K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Northeast Bank Business Description

Other Exchanges NBN:USA
Address 27 Pearl Street, Portland, ME, USA, 04101
Northeast Bank provides banking and financial services to individual and corporate customers in the United States. The firm conducts its loan-related activities through two primary channels: the Community Banking Division, and the Small Business Administration (SBA) National Division. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, consumer loans, and small business administration loans. The firm also provides telephone banking, online banking, mobile banking, and remote deposit capture services. The revenue of the company is derived principally from interest and dividends from the bank.
67GF Score

Get the complete analysis for FRA:73K

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

€112.00
Price
€90.07
GF Value