We connect (FRA:77P) Cyclically Adjusted PB Ratio: 1.79 (As of Jul. 14, 2026) — 1277% Above 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:77P We connect SA FRA:77P
95 GF Score
Price €26.00
GF Value €28.41
Valuation Fairly Valued
! 6 Warning Signs
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What is We connect Cyclically Adjusted PB Ratio?

We connect FRA:77P -1.52% 95 Cyclically Adjusted PB Ratio is 1.79 as of Jul. 14, 2026, which is 1277% above its 10-year median of 0.13. GuruFocus rates FRA:77P with a GF Score™ of 95/100 and a GF Value™ of €28.41 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,985 Hardware companies, We connect ranks better than 55.92% on this metric.

As of today (2026-07-14), We connect's current share price is €26.00. We connect's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €14.55. We connect's Cyclically Adjusted PB Ratio for today is 1.79.

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

FRA:77P' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.13   Max: 2
Current: 1.75

During the past 13 years, We connect's highest Cyclically Adjusted PB Ratio was 2.00. The lowest was 0.01. And the median was 0.13.

FRA:77P's Cyclically Adjusted PB Ratio is ranked better than
55.92% of 1985 companies
in the Hardware industry
Industry Median: 2.15 vs FRA:77P: 1.75

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.

We connect's adjusted book value per share data of for the fiscal year that ended in Dec25 was €32.711. 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 €14.55 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


We connect  (FRA:77P) 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.


We connect Cyclically Adjusted PB Ratio Related Terms


We connect Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for We connect'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.

We connect Cyclically Adjusted PB Ratio Chart

We connect Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.26 1.50 1.43 1.64

We connect Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.50 0.00 1.43 0.00 1.64

FRA:77P vs SNDK, DELL, STX: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, We connect'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.


We connect Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, We connect's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:77P
95GF Score
We connect SA FRA:77P
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

We connect 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.

We connect's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.00/14.55
=1.79

* 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.

We connect's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, We connect's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=32.711/120.9000*120.9000
=32.711

Current CPI (Dec25) = 120.9000.

We connect Annual Data

Book Value per Share CPI Adj_Book
201612 5.687 100.650 6.831
201712 7.320 101.850 8.689
201812 8.373 103.470 9.783
201912 9.259 104.980 10.663
202012 10.820 104.960 12.463
202112 13.122 107.850 14.710
202212 15.490 114.160 16.405
202312 18.631 118.390 19.026
202412 20.761 119.950 20.925
202512 32.711 120.900 32.711

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 1.79 mean?
We connect (FRA:77P) has a Cyclically Adjusted PB Ratio of 1.79 as of Jul. 14, 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 We connect and its competitors. This is 1277% above median its historical median of 0.13. Over the past decade, We connect's Cyclically Adjusted PB Ratio has ranged from 0.01 to 2.00. According to the industry distribution chart, We connect ranks #875 out of 1985 companies in the Hardware industry, placing it in the top 44.1%.
Is We connect's Cyclically Adjusted PB Ratio too high?
We connect's current Cyclically Adjusted PB Ratio of 1.79 is 1277% above median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 2.00. The Hardware industry median Cyclically Adjusted PB Ratio is 2.15. We connect's value of 1.79 is 16.7% below this industry median. Based on the distribution chart, We connect ranks #875 out of 1985 companies in the Hardware industry, which is above the industry midpoint. Overall, We connect has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does We connect's Cyclically Adjusted PB Ratio compare to SNDK and DELL?
According to the Hardware industry distribution chart, We connect ranks #875 out of 1985 companies for Cyclically Adjusted PB Ratio. This puts We connect in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.15. We connect's value of 1.79 is 16.7% below this benchmark. Historically, We connect's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 2.00 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 2.15, We connect has consistently been below 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.15, based on 1,985 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. We connect's current Cyclically Adjusted PB Ratio of 1.79 is 16.7% below 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 We connect and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. We connect's current Cyclically Adjusted PB Ratio is 1.79, which is 1277% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is We connect stock overvalued right now?
Based on GuruFocus' analysis, We connect (FRA:77P) is currently considered Fairly Valued. The stock's GF Value™ is €28.41, compared to a current price of €26.00 — trading 8.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.79, which is 1277% above median its 10-year median of 0.13 and 16.7% below the Hardware industry median of 2.15. We connect's overall GF Score™ is 95/100 with 6 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 We connect (FRA:77P), the current Cyclically Adjusted PB Ratio is 1.79 as of Jul. 14, 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 We connect (FRA:77P) Overvalued in 2026?

Based on GuruFocus' analysis, We connect stock appears to be undervalued. The current stock price of €26.00 is trading 8.5% below its estimated GF Value™ of €28.41. GuruFocus considers We connect to be Fairly Valued.

Key valuation signals for FRA:77P:

  • Cyclically Adjusted PB Ratio: 1.79 (1277% above median its 10-year median of 0.13)
  • GF Value™: €28.41 vs. price of €26.00 (8.5% below fair value)
  • GF Score™: 95/100 with 6 warning signs
  • Industry Position: 16.7% below the Hardware median (#875 of 1985)

No single metric tells the full story. See the FRA:77P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


We connect Business Description

Other Exchanges ALWEC:France77P:Germany
Address ZI Paris Est - 6, rue Leon Jouhaux, Crossy-Beaubourg, Paris, FRA, 77183
We connect SA is engaged in the design, manufacture, assembly and distribution of computer, peripheral and electronic equipment and products. The group's products include computers, monitors, multimedia products, storage products and accessories (luggage, phone accessories, tablets and connectors).
95GF Score

Get the complete analysis for FRA:77P

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

€26.00
Price
€28.41
GF Value