Black Pearl (FRA:7ZX) Cyclically Adjusted PB Ratio: 0.90 (As of Aug. 31, 2026) — 41% Below Median

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Vera Yuan
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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
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.

What is Black Pearl Cyclically Adjusted PB Ratio?

Black Pearl FRA:7ZX Cyclically Adjusted PB Ratio is 0.90 as of Aug. 31, 2026, which is 41% below its 10-year median of 1.52. The stock has 6 warning signs investors should review. Among 973 Asset Management companies, Black Pearl ranks better than 74.61% on this metric.

As of today (2026-08-31), Black Pearl's current share price is €0.009. Black Pearl's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.01. Black Pearl's Cyclically Adjusted PB Ratio for today is 0.90.

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

FRA:7ZX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.52   Max: 2.4
Current: 0.55

During the past years, Black Pearl's highest Cyclically Adjusted PB Ratio was 2.40. The lowest was 0.55. And the median was 1.52.

FRA:7ZX's Cyclically Adjusted PB Ratio is ranked better than
74.61% of 973 companies
in the Asset Management industry
Industry Median: 0.85 vs FRA:7ZX: 0.55

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.

Black Pearl's adjusted book value per share data for the three months ended in Mar. 2026 was €0.008. 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 €0.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Black Pearl  (FRA:7ZX) 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.


Black Pearl Cyclically Adjusted PB Ratio Related Terms


Black Pearl Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Black Pearl'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.

Black Pearl Cyclically Adjusted PB Ratio Chart

Black Pearl 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 0.00 1.82 1.60 0.97 1.00

Black Pearl Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.53 1.17 1.15 1.00 0.76

FRA:7ZX vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Black Pearl'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.


Black Pearl Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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



Black Pearl 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.

Black Pearl's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.009/0.01
=0.90

* 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.

Black Pearl's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.008/163.0700*163.0700
=0.008

Current CPI (Mar. 2026) = 163.0700.

Black Pearl Quarterly Data

Book Value per Share CPI Adj_Book
201509 -0.001 99.634 -0.002
201512 -0.001 99.471 -0.002
201603 0.017 98.983 0.028
201606 0.000 99.552 0.000
201609 0.026 99.064 0.043
201612 0.026 100.366 0.042
201703 0.026 101.018 0.042
201706 0.027 101.180 0.044
201709 0.027 101.343 0.043
201712 0.025 102.564 0.040
201803 0.029 102.564 0.046
201806 0.026 103.378 0.041
201809 0.021 103.378 0.033
201812 0.022 103.785 0.035
201912 0.020 107.123 0.030
202003 0.000 109.076 0.000
202006 0.154 109.402 0.230
202009 0.000 109.320 0.000
202012 0.019 109.565 0.028
202103 0.021 112.658 0.030
202106 0.020 113.960 0.029
202109 0.020 115.588 0.028
202112 0.022 119.088 0.030
202203 0.023 125.031 0.030
202206 0.021 131.705 0.026
202209 0.021 135.531 0.025
202212 0.014 139.113 0.016
202303 0.014 145.950 0.016
202306 0.006 147.009 0.007
202309 0.006 146.113 0.007
202312 0.007 147.741 0.008
202403 0.007 149.044 0.008
202406 0.007 150.997 0.008
202409 0.008 153.439 0.009
202412 0.008 154.660 0.008
202503 0.008 157.021 0.008
202506 0.008 157.509 0.008
202509 0.008 158.000 0.008
202512 0.008 158.320 0.008
202603 0.008 163.070 0.008

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 0.90 mean?
Black Pearl (FRA:7ZX) has a Cyclically Adjusted PB Ratio of 0.90 as of Aug. 31, 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 Black Pearl and its competitors. This is 41% below median its historical median of 1.52. Over the past decade, Black Pearl's Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.40. According to the industry distribution chart, Black Pearl ranks #247 out of 973 companies in the Asset Management industry, placing it in the top 25.4%.
Is Black Pearl's Cyclically Adjusted PB Ratio too high?
Black Pearl's current Cyclically Adjusted PB Ratio of 0.90 is 41% below median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.40. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Black Pearl's value of 0.90 is 5.9% above this industry median. Based on the distribution chart, Black Pearl ranks #247 out of 973 companies in the Asset Management industry, which is above the industry midpoint.
How does Black Pearl's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Black Pearl ranks #247 out of 973 companies for Cyclically Adjusted PB Ratio. This puts Black Pearl in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Black Pearl's value of 0.90 is 5.9% above this benchmark. Historically, Black Pearl's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.40 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 0.85, Black Pearl 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 973 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. Black Pearl's current Cyclically Adjusted PB Ratio of 0.90 is 5.9% 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 Black Pearl and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Pearl's current Cyclically Adjusted PB Ratio is 0.90, which is 41% below median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Pearl stock overvalued right now?
Black Pearl (FRA:7ZX) has a current Cyclically Adjusted PB Ratio of 0.90. The current Cyclically Adjusted PB Ratio is 0.90, which is 41% below median its 10-year median of 1.52 and 5.9% above the Asset Management industry median of 0.85. 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 Black Pearl (FRA:7ZX), the current Cyclically Adjusted PB Ratio is 0.90 as of Aug. 31, 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.

Black Pearl Business Description

Other Exchanges BPC:Poland
Address Slominskiego Street 15 Lok 504, Warsaw, POL, 00-95
Black Pearl SA is a private equity firm. The company is involved in the transactions of mergers and acquisitions in the public market and the acquisition of shares in distressed securities.