Cannae Holdings (FRA:CQ2) Cyclically Adjusted PB Ratio: 0.46 (As of Aug. 24, 2026) — Near Median

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FRA:CQ2 Cannae Holdings Inc FRA:CQ2
58 GF Score
Price €12.60
GF Value €17.89
! 5 Warning Signs
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What is Cannae Holdings Cyclically Adjusted PB Ratio?

Cannae Holdings FRA:CQ2 -1.56% 58 Cyclically Adjusted PB Ratio is 0.46 as of Aug. 24, 2026, which is at its 10-year median of 0.46. GuruFocus rates FRA:CQ2 with a GF Score™ of 58/100 and a GF Value™ of €17.89. The stock has 5 warning signs investors should review. Among 249 Restaurants companies, Cannae Holdings ranks better than 82.73% on this metric.

As of today (2026-08-24), Cannae Holdings's current share price is €12.60. Cannae Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €27.60. Cannae Holdings's Cyclically Adjusted PB Ratio for today is 0.46.

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

FRA:CQ2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.46   Max: 0.49
Current: 0.49

During the past years, Cannae Holdings's highest Cyclically Adjusted PB Ratio was 0.49. The lowest was 0.46. And the median was 0.46.

FRA:CQ2's Cyclically Adjusted PB Ratio is ranked better than
82.73% of 249 companies
in the Restaurants industry
Industry Median: 1.79 vs FRA:CQ2: 0.49

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.

Cannae Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was €19.167. 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 €27.60 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cannae Holdings  (FRA:CQ2) 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.


Cannae Holdings Cyclically Adjusted PB Ratio Related Terms


Cannae Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cannae Holdings'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.

Cannae Holdings Cyclically Adjusted PB Ratio Chart

Cannae Holdings 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 0.00 0.00 0.00 0.00

Cannae Holdings 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 0.00 0.00 0.00 0.00 0.45

FRA:CQ2 vs BLMN, SG, FWRG: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Cannae Holdings'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.


Cannae Holdings Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cannae Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:CQ2
58GF Score
Cannae Holdings Inc FRA:CQ2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cannae Holdings 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.

Cannae Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.60/27.60
=0.46

* 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.

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

For example, Cannae Holdings'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)
=19.167/333.9520*333.9520
=19.167

Current CPI (Jun. 2026) = 333.9520.

Cannae Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 11.954 241.432 16.535
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 11.534 246.819 15.606
201712 12.634 246.524 17.115
201803 12.122 249.554 16.222
201806 12.865 251.989 17.050
201809 13.012 252.439 17.214
201812 13.687 251.233 18.193
201903 14.145 254.202 18.583
201906 14.527 256.143 18.940
201909 15.269 256.759 19.860
201912 16.847 256.974 21.894
202003 24.938 258.115 32.265
202006 30.207 257.797 39.130
202009 30.197 260.280 38.744
202012 33.898 260.474 43.460
202103 32.491 264.877 40.964
202106 33.779 271.696 41.519
202109 33.454 274.310 40.728
202112 33.973 278.802 40.693
202203 32.493 287.504 37.742
202206 31.912 296.311 35.966
202209 35.084 296.808 39.475
202212 33.657 296.797 37.870
202303 33.280 301.836 36.821
202306 32.584 305.109 35.664
202309 31.633 307.789 34.322
202312 30.292 306.746 32.979
202403 28.985 312.332 30.991
202406 28.265 314.175 30.044
202409 27.058 315.301 28.659
202412 27.932 315.605 29.556
202503 25.327 319.799 26.448
202506 19.894 322.561 20.597
202509 19.093 324.800 19.631
202512 18.721 324.054 19.293
202603 18.185 330.213 18.391
202606 19.167 333.952 19.167

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 0.46 mean?
Cannae Holdings (FRA:CQ2) has a Cyclically Adjusted PB Ratio of 0.46 as of Aug. 24, 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 Cannae Holdings and its competitors. This is near median its historical median of 0.46. Over the past decade, Cannae Holdings' Cyclically Adjusted PB Ratio has ranged from 0.46 to 0.49. According to the industry distribution chart, Cannae Holdings ranks #43 out of 249 companies in the Restaurants industry, placing it in the top 17.3%.
Is Cannae Holdings' Cyclically Adjusted PB Ratio too high?
Cannae Holdings' current Cyclically Adjusted PB Ratio of 0.46 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.49. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.79. Cannae Holdings' value of 0.46 is 74.3% below this industry median. Based on the distribution chart, Cannae Holdings ranks #43 out of 249 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Cannae Holdings has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Cannae Holdings' Cyclically Adjusted PB Ratio compare to BLMN and SG?
According to the Restaurants industry distribution chart, Cannae Holdings ranks #43 out of 249 companies for Cyclically Adjusted PB Ratio. This places Cannae Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.79. Cannae Holdings' value of 0.46 is 74.3% below this benchmark. Historically, Cannae Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.46 to 0.49 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 1.79, Cannae Holdings 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.79, based on 249 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. Cannae Holdings's current Cyclically Adjusted PB Ratio of 0.46 is 74.3% 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 Cannae Holdings and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cannae Holdings's current Cyclically Adjusted PB Ratio is 0.46, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannae Holdings stock overvalued right now?
Cannae Holdings (FRA:CQ2) has a current Cyclically Adjusted PB Ratio of 0.46. The stock's GF Value™ is €17.89, compared to a current price of €12.60 — trading 29.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.46, which is near median its 10-year median of 0.46 and 74.3% below the Restaurants industry median of 1.79. Cannae Holdings' overall GF Score™ is 58/100 with 5 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 Cannae Holdings (FRA:CQ2), the current Cyclically Adjusted PB Ratio is 0.46 as of Aug. 24, 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 Cannae Holdings (FRA:CQ2) Overvalued in 2026?

Based on GuruFocus' analysis, Cannae Holdings stock appears to be undervalued. The current stock price of €12.60 is trading 29.6% below its estimated GF Value™ of €17.89.

Key valuation signals for FRA:CQ2:

  • Cyclically Adjusted PB Ratio: 0.46 (near median its 10-year median of 0.46)
  • GF Value™: €17.89 vs. price of €12.60 (29.6% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 74.3% below the Restaurants median (#43 of 249)

No single metric tells the full story. See the FRA:CQ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cannae Holdings Business Description

Other Exchanges CNNE:USA
Address 1701 Village Center Circle, Las Vegas, NV, USA, 89134
Cannae Holdings Inc is an investment holding company that acquires and actively manages equity interests in operating businesses across various industries. The Company focuses on long-term ownership and seeks to create value by supporting the growth and operations of its portfolio companies through management expertise and strategic oversight. The Company operates through four reportable segments: Restaurant Group, which includes the operations of O'Charleys and 99 Restaurants; Alight, which represents its ownership interest in a technology-enabled human capital and employee benefits solutions provider; Black Knight Football Club (BKFC), which holds interests in professional football clubs; and JANA, which represents its investment in an investment management firm.
58GF Score

Get the complete analysis for FRA:CQ2

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

€12.60
Price
€17.89
GF Value