Perdoceo Education (FRA:CE1) Cyclically Adjusted PB Ratio: 2.91 (As of Sep. 16, 2026) — 54% 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:CE1 Perdoceo Education Corp FRA:CE1
92 GF Score
Price €28.00
GF Value €32.11
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Perdoceo Education Cyclically Adjusted PB Ratio?

Perdoceo Education FRA:CE1 -1.41% 92 Cyclically Adjusted PB Ratio is 2.91 as of Sep. 16, 2026, which is 54% above its 10-year median of 1.89. GuruFocus rates FRA:CE1 with a GF Score™ of 92/100 and a GF Value™ of €32.11 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 149 Education companies, Perdoceo Education ranks worse than 78.52% on this metric.

As of today (2026-09-16), Perdoceo Education's current share price is €28.00. Perdoceo Education's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €9.63. Perdoceo Education's Cyclically Adjusted PB Ratio for today is 2.91.

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

FRA:CE1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.89   Max: 3.92
Current: 3.07

During the past years, Perdoceo Education's highest Cyclically Adjusted PB Ratio was 3.92. The lowest was 0.72. And the median was 1.89.

FRA:CE1's Cyclically Adjusted PB Ratio is ranked worse than
78.52% of 149 companies
in the Education industry
Industry Median: 1.09 vs FRA:CE1: 3.07

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.

Perdoceo Education's adjusted book value per share data for the three months ended in Jun. 2026 was €14.444. 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 €9.63 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Perdoceo Education  (FRA:CE1) 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.


Perdoceo Education Cyclically Adjusted PB Ratio Related Terms


Perdoceo Education Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Perdoceo Education'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.

Perdoceo Education Cyclically Adjusted PB Ratio Chart

Perdoceo Education 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 1.74 2.06 2.23 3.02 2.74

Perdoceo Education 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 3.29 3.59 2.81 3.43 2.89

FRA:CE1 vs DAO, STRA, COUR: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Perdoceo Education'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.


Perdoceo Education Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Perdoceo Education's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:CE1
92GF Score
Perdoceo Education Corp FRA:CE1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perdoceo Education 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.

Perdoceo Education's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.00/9.631
=2.91

* 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.

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

For example, Perdoceo Education'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)
=14.444/333.9520*333.9520
=14.444

Current CPI (Jun. 2026) = 333.9520.

Perdoceo Education Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.612 241.428 6.379
201612 4.449 241.432 6.154
201703 4.447 243.801 6.091
201706 4.251 244.955 5.795
201709 4.155 246.819 5.622
201712 3.569 246.524 4.835
201803 3.656 249.554 4.892
201806 3.967 251.989 5.257
201809 4.192 252.439 5.546
201812 4.453 251.233 5.919
201903 4.832 254.202 6.348
201906 4.775 256.143 6.226
201909 5.244 256.759 6.821
201912 5.477 256.974 7.118
202003 5.874 258.115 7.600
202006 6.165 257.797 7.986
202009 6.421 260.280 8.238
202012 6.485 260.474 8.314
202103 7.107 264.877 8.960
202106 7.383 271.696 9.075
202109 7.943 274.310 9.670
202112 8.315 278.802 9.960
202203 8.865 287.504 10.297
202206 9.780 296.311 11.022
202209 10.736 296.808 12.080
202212 10.124 296.797 11.391
202303 10.383 301.836 11.488
202306 11.071 305.109 12.118
202309 11.933 307.789 12.947
202312 11.621 306.746 12.652
202403 12.224 312.332 13.070
202406 12.780 314.175 13.584
202409 12.754 315.301 13.508
202412 14.100 315.605 14.920
202503 13.706 319.799 14.313
202506 12.914 322.561 13.370
202509 13.203 324.800 13.575
202512 13.252 324.054 13.657
202603 13.840 330.213 13.997
202606 14.444 333.952 14.444

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 2.91 mean?
Perdoceo Education (FRA:CE1) has a Cyclically Adjusted PB Ratio of 2.91 as of Sep. 16, 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 Perdoceo Education and its competitors. This is 54% above median its historical median of 1.89. Over the past decade, Perdoceo Education's Cyclically Adjusted PB Ratio has ranged from 0.72 to 3.92. According to the industry distribution chart, Perdoceo Education ranks #117 out of 149 companies in the Education industry, placing it in the top 78.5%.
Is Perdoceo Education's Cyclically Adjusted PB Ratio too high?
Perdoceo Education's current Cyclically Adjusted PB Ratio of 2.91 is 54% above median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 3.92. The Education industry median Cyclically Adjusted PB Ratio is 1.09. Perdoceo Education's value of 2.91 is 167% above this industry median. Based on the distribution chart, Perdoceo Education ranks #117 out of 149 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Perdoceo Education has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perdoceo Education's Cyclically Adjusted PB Ratio compare to DAO and STRA?
According to the Education industry distribution chart, Perdoceo Education ranks #117 out of 149 companies for Cyclically Adjusted PB Ratio. This places Perdoceo Education in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.09. Perdoceo Education's value of 2.91 is 167% above this benchmark. Historically, Perdoceo Education's own Cyclically Adjusted PB Ratio has ranged from 0.72 to 3.92 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 1.09, Perdoceo Education 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 Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.09, based on 149 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. Perdoceo Education's current Cyclically Adjusted PB Ratio of 2.91 is 167% 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 Perdoceo Education and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perdoceo Education's current Cyclically Adjusted PB Ratio is 2.91, which is 54% above median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perdoceo Education stock overvalued right now?
Based on GuruFocus' analysis, Perdoceo Education (FRA:CE1) is currently considered Modestly Undervalued. The stock's GF Value™ is €32.11, compared to a current price of €28.00 — trading 12.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.91, which is 54% above median its 10-year median of 1.89 and 167% above the Education industry median of 1.09. Perdoceo Education's overall GF Score™ is 92/100 with 3 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 Perdoceo Education (FRA:CE1), the current Cyclically Adjusted PB Ratio is 2.91 as of Sep. 16, 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 Perdoceo Education (FRA:CE1) Overvalued in 2026?

Based on GuruFocus' analysis, Perdoceo Education stock appears to be undervalued. The current stock price of €28.00 is trading 12.8% below its estimated GF Value™ of €32.11. GuruFocus considers Perdoceo Education to be Modestly Undervalued.

Key valuation signals for FRA:CE1:

  • Cyclically Adjusted PB Ratio: 2.91 (54% above median its 10-year median of 1.89)
  • GF Value™: €32.11 vs. price of €28.00 (12.8% below fair value)
  • GF Score™: 92/100 with 3 warning signs
  • Industry Position: 167% above the Education median (#117 of 149)

No single metric tells the full story. See the FRA:CE1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Perdoceo Education Business Description

Other Exchanges PRDO:USACE1:Germany
Address 1750 East Golf Road, Schaumburg, IL, USA, 60173
Perdoceo Education Corp is an American for-profit education company that focuses on quality postsecondary education online to a diverse student population, along with campus-based and blended learning programs. The company's important segments include the American InterContinental University, the University of St. Augustine for Health Sciences, and Colorado Technical University. These universities provide undergraduate, graduate, and doctoral degree programs focusing on business, technology, management, and social services, with the majority of the students enrolled in programs offered fully online. The majority of the its revenue comes from the Colorado Technical University segment.
92GF Score

Get the complete analysis for FRA:CE1

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

€28.00
Price
€32.11
GF Value