Aedifica (FRA:AOO) Cyclically Adjusted PB Ratio: 1.04 (As of Jul. 25, 2026) — Near Median

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FRA:AOO Aedifica SA FRA:AOO
81 GF Score
Price €70.60
GF Value €74.48
Valuation Fairly Valued
! 7 Warning Signs
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What is Aedifica Cyclically Adjusted PB Ratio?

Aedifica FRA:AOO +0.71% 81 Cyclically Adjusted PB Ratio is 1.04 as of Jul. 25, 2026, which is at its 10-year median of 1.04. GuruFocus rates FRA:AOO with a GF Score™ of 81/100 and a GF Value™ of €74.48 (Fairly Valued). The stock has 7 warning signs investors should review. Among 557 REITs companies, Aedifica ranks worse than 64.27% on this metric.

As of today (2026-07-25), Aedifica's current share price is €70.60. Aedifica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €67.92. Aedifica's Cyclically Adjusted PB Ratio for today is 1.04.

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

FRA:AOO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.04   Max: 1.2
Current: 1.04

During the past years, Aedifica's highest Cyclically Adjusted PB Ratio was 1.20. The lowest was 0.94. And the median was 1.04.

FRA:AOO's Cyclically Adjusted PB Ratio is ranked worse than
64.27% of 557 companies
in the REITs industry
Industry Median: 0.83 vs FRA:AOO: 1.04

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.

Aedifica's adjusted book value per share data for the three months ended in Mar. 2026 was €79.789. 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 €67.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aedifica  (FRA:AOO) 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.


Aedifica Cyclically Adjusted PB Ratio Related Terms


Aedifica Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aedifica'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.

Aedifica Cyclically Adjusted PB Ratio Chart

Aedifica Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.03

Aedifica 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 1.00 1.04 0.98 1.03 1.03

FRA:AOO vs WELL, VTR, DOC: Cyclically Adjusted PB Ratio Comparison

For the REIT - Healthcare Facilities subindustry, Aedifica'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.


Aedifica Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Aedifica's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:AOO
81GF Score
Aedifica SA FRA:AOO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aedifica 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.

Aedifica's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=70.60/67.92
=1.04

* 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.

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

For example, Aedifica'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)
=79.789/136.5600*136.5600
=79.789

Current CPI (Mar. 2026) = 136.5600.

Aedifica Quarterly Data

Book Value per Share CPI Adj_Book
200912 27.623 90.315 41.767
201006 30.212 92.119 44.787
201106 31.487 95.508 45.021
201206 30.382 97.659 42.484
201212 31.796 98.511 44.077
201306 33.211 99.215 45.712
201312 32.712 99.462 44.913
201406 33.342 99.482 45.769
201412 33.242 99.086 45.814
201506 37.566 100.107 51.246
201512 37.707 100.572 51.200
201606 38.577 102.267 51.513
201612 38.769 102.614 51.594
201706 44.798 103.902 58.879
201712 44.937 104.804 58.553
201806 46.916 106.063 60.406
201812 47.102 107.252 59.973
201906 55.454 107.896 70.186
201912 56.912 108.065 71.919
202103 0.000 109.522 0.000
202106 69.512 110.305 86.058
202109 0.000 111.543 0.000
202112 74.835 114.705 89.094
202203 78.190 118.620 90.016
202206 78.440 120.948 88.565
202209 81.769 124.120 89.964
202212 80.472 126.578 86.818
202303 80.940 126.528 87.357
202306 80.486 125.973 87.250
202309 76.575 127.083 82.285
202312 75.202 128.292 80.048
202403 76.931 130.552 80.471
202406 74.964 130.691 78.331
202409 75.839 130.968 79.077
202412 76.626 132.346 79.066
202503 77.913 134.348 79.196
202506 74.595 133.495 76.308
202509 75.976 133.740 77.578
202512 77.051 135.070 77.901
202603 79.789 136.560 79.789

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 1.04 mean?
Aedifica (FRA:AOO) has a Cyclically Adjusted PB Ratio of 1.04 as of Jul. 25, 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 Aedifica and its competitors. This is near median its historical median of 1.04. Over the past decade, Aedifica's Cyclically Adjusted PB Ratio has ranged from 0.94 to 1.20. According to the industry distribution chart, Aedifica ranks #358 out of 557 companies in the REITs industry, placing it in the top 64.3%.
Is Aedifica's Cyclically Adjusted PB Ratio too high?
Aedifica's current Cyclically Adjusted PB Ratio of 1.04 is near median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 1.20. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Aedifica's value of 1.04 is 25.3% above this industry median. Based on the distribution chart, Aedifica ranks #358 out of 557 companies in the REITs industry, which is below the industry midpoint. Overall, Aedifica has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aedifica's Cyclically Adjusted PB Ratio compare to WELL and VTR?
According to the REITs industry distribution chart, Aedifica ranks #358 out of 557 companies for Cyclically Adjusted PB Ratio. This places Aedifica in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Aedifica's value of 1.04 is 25.3% above this benchmark. Historically, Aedifica's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 1.20 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 0.83, Aedifica 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.83, based on 557 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. Aedifica's current Cyclically Adjusted PB Ratio of 1.04 is 25.3% 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 Aedifica and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aedifica's current Cyclically Adjusted PB Ratio is 1.04, which is near median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aedifica stock overvalued right now?
Based on GuruFocus' analysis, Aedifica (FRA:AOO) is currently considered Fairly Valued. The stock's GF Value™ is €74.48, compared to a current price of €70.60 — trading 5.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.04, which is near median its 10-year median of 1.04 and 25.3% above the REITs industry median of 0.83. Aedifica's overall GF Score™ is 81/100 with 7 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 Aedifica (FRA:AOO), the current Cyclically Adjusted PB Ratio is 1.04 as of Jul. 25, 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 Aedifica (FRA:AOO) Overvalued in 2026?

Based on GuruFocus' analysis, Aedifica stock appears to be undervalued. The current stock price of €70.60 is trading 5.2% below its estimated GF Value™ of €74.48. GuruFocus considers Aedifica to be Fairly Valued.

Key valuation signals for FRA:AOO:

  • Cyclically Adjusted PB Ratio: 1.04 (near median its 10-year median of 1.04)
  • GF Value™: €74.48 vs. price of €70.60 (5.2% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 25.3% above the REITs median (#358 of 557)

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


Aedifica Business Description

Industry Real EstateREITs
Address Rue Belliard 40 (box 11), Brussels, BEL, B-1040
Aedifica SA is a Belgian real estate investment trust that invests in, develops, and leases healthcare properties. The company focuses on providing housing for the aging population in Western Europe and the growing populations in Belgium's cities. The majority of Aedifica's real estate portfolio is composed of Elderly care homes. The company derives the vast majority of its income in the form of rental revenue. Its geographical segments are Belgium, Germany, Netherlands, Ireland, United Kingdom, Finland, and Sweden. Majority of revenue is from United Kingdom.
81GF Score

Get the complete analysis for FRA:AOO

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

€70.60
Price
€74.48
GF Value