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ATOSS Software SEFRA:AOF -0.29%81 Cyclically Adjusted PB Ratio is 22.55 as of Jul. 15, 2026, which is 45% below its 10-year median of 41.10. GuruFocus rates FRA:AOF with a GF Score™ of 81/100 and a GF Value™ of €157.34 (Significantly Undervalued). Among 1,598 Software companies, ATOSS Software SE ranks worse than 96.93% on this metric.
The historical rank and industry rank for ATOSS Software SE's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:AOF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.99 Med: 41.1 Max: 77.86
Current: 22.93
During the past 13 years, ATOSS Software SE's highest Cyclically Adjusted PB Ratio was 77.86. The lowest was 12.99. And the median was 41.10.
FRA:AOF's Cyclically Adjusted PB Ratio is ranked worse than 96.93% of 1598
companies
in the Software industry
Industry Median: 2.325
vs FRA:AOF: 22.93
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.
ATOSS Software SE's adjusted book value per share data of for the fiscal year that ended in Dec25 was €6.108. 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 €3.10 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
ATOSS Software SE (FRA:AOF) 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.
ATOSS Software SE Cyclically Adjusted PB Ratio Related Terms
ATOSS Software SE Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for ATOSS Software SE'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.
ATOSS Software SE Cyclically Adjusted PB Ratio Chart
FRA:AOF vs UBER, SHOP, CRM: Cyclically Adjusted PB Ratio Comparison
For the Software - Application subindustry, ATOSS Software SE'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.
ATOSS Software SE Cyclically Adjusted PB Ratio vs Software Industry
For the Software industry and Technology sector, ATOSS Software SE's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where ATOSS Software SE's Cyclically Adjusted PB Ratio falls into.
ATOSS Software SE 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.
ATOSS Software SE's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 22.55 mean?
ATOSS Software SE (FRA:AOF) has a Cyclically Adjusted PB Ratio of 22.55 as of Jul. 15, 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 ATOSS Software SE and its competitors. This is 45% below median its historical median of 41.10. Over the past decade, ATOSS Software SE's Cyclically Adjusted PB Ratio has ranged from 12.99 to 77.86. According to the industry distribution chart, ATOSS Software SE ranks #1549 out of 1598 companies in the Software industry, placing it in the top 96.9%.
Is ATOSS Software SE's Cyclically Adjusted PB Ratio too high?
ATOSS Software SE's current Cyclically Adjusted PB Ratio of 22.55 is 45% below median its 10-year median of 41.10. Over the past 10 years, this metric has ranged from a low of 12.99 to a high of 77.86. The Software industry median Cyclically Adjusted PB Ratio is 2.33. ATOSS Software SE's value of 22.55 is 869.9% above this industry median. Based on the distribution chart, ATOSS Software SE ranks #1549 out of 1598 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, ATOSS Software SE has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ATOSS Software SE's Cyclically Adjusted PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, ATOSS Software SE ranks #1549 out of 1598 companies for Cyclically Adjusted PB Ratio. This places ATOSS Software SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.33. ATOSS Software SE's value of 22.55 is 869.9% above this benchmark. Historically, ATOSS Software SE's own Cyclically Adjusted PB Ratio has ranged from 12.99 to 77.86 over the past decade. While the company's 10-year median is 41.10 vs. the industry median of 2.33, ATOSS Software SE 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.33, based on 1,598 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. ATOSS Software SE's current Cyclically Adjusted PB Ratio of 22.55 is 869.9% 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 ATOSS Software SE and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ATOSS Software SE's current Cyclically Adjusted PB Ratio is 22.55, which is 45% below median its own 10-year median of 41.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATOSS Software SE stock overvalued right now?
Based on GuruFocus' analysis, ATOSS Software SE (FRA:AOF) is currently considered Significantly Undervalued. The stock's GF Value™ is €157.34, compared to a current price of €69.90 — trading 55.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 22.55, which is 45% below median its 10-year median of 41.10 and 869.9% above the Software industry median of 2.33. ATOSS Software SE's overall GF Score™ is 81/100. 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 ATOSS Software SE (FRA:AOF), the current Cyclically Adjusted PB Ratio is 22.55 as of Jul. 15, 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 ATOSS Software SE (FRA:AOF) Overvalued in 2026?
Based on GuruFocus' analysis, ATOSS Software SE stock appears to be undervalued.
The current stock price of €69.90 is trading 55.6% below its estimated GF Value™ of €157.34.
GuruFocus considers ATOSS Software SE to be Significantly Undervalued.
Key valuation signals for FRA:AOF:
Cyclically Adjusted PB Ratio: 22.55 (45% below median its 10-year median of 41.10)
GF Value™: €157.34 vs. price of €69.90 (55.6% below fair value)
Industry Position: 869.9% above the Software median (#1549 of 1598)
No single metric tells the full story. See the FRA:AOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ATOSS Software SE supplies technical and consulting solutions for professional workforce management and demand-driven workforce deployment. From conventional working time management to mobile apps, detailed workforce forecasting, sophisticated workforce scheduling, or strategic capacity and demand schedules, the company offers its customers various solutions in the cloud or on-premises. It generates sales revenue from licensing software products to end-users or to resellers, from cloud subscriptions, maintenance contracts, consulting services, the sale of hardware, as well as from providing other goods and services.
81GF Score
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