Groupe Bruxelles Lambert (FRA:EAI) Cyclically Adjusted PB Ratio: 0.55 (As of Aug. 22, 2026) — 14% Below 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:EAI Groupe Bruxelles Lambert SA FRA:EAI
71 GF Score
Price €72.00
GF Value €83.42
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio?

Groupe Bruxelles Lambert FRA:EAI -0.69% 71 Cyclically Adjusted PB Ratio is 0.55 as of Aug. 22, 2026, which is 14% below its 10-year median of 0.64. GuruFocus rates FRA:EAI with a GF Score™ of 71/100 and a GF Value™ of €83.42 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 997 Asset Management companies, Groupe Bruxelles Lambert ranks better than 73.62% on this metric.

As of today (2026-08-22), Groupe Bruxelles Lambert's current share price is €72.00. Groupe Bruxelles Lambert's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €130.34. Groupe Bruxelles Lambert's Cyclically Adjusted PB Ratio for today is 0.55.

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

FRA:EAI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.64   Max: 0.96
Current: 0.56

During the past years, Groupe Bruxelles Lambert's highest Cyclically Adjusted PB Ratio was 0.96. The lowest was 0.51. And the median was 0.64.

FRA:EAI's Cyclically Adjusted PB Ratio is ranked better than
73.62% of 997 companies
in the Asset Management industry
Industry Median: 0.86 vs FRA:EAI: 0.56

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.

Groupe Bruxelles Lambert's adjusted book value per share data for the three months ended in Jun. 2026 was €89.672. 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 €130.34 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Groupe Bruxelles Lambert  (FRA:EAI) 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.


Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio Related Terms


Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Groupe Bruxelles Lambert'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.

Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio Chart

Groupe Bruxelles Lambert 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 0.89 0.62 0.58 0.52 0.59

Groupe Bruxelles Lambert 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 0.56 0.00 0.59 0.00 0.61

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

For the Asset Management subindustry, Groupe Bruxelles Lambert'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.


Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


FRA:EAI
71GF Score
Groupe Bruxelles Lambert SA FRA:EAI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Groupe Bruxelles Lambert 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.

Groupe Bruxelles Lambert's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=72.00/130.34
=0.55

* 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.

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

For example, Groupe Bruxelles Lambert'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)
=89.672/138.0500*138.0500
=89.672

Current CPI (Jun. 2026) = 138.0500.

Groupe Bruxelles Lambert Quarterly Data

Book Value per Share CPI Adj_Book
201606 86.259 102.267 116.441
201612 95.648 102.614 128.679
201703 0.000 103.972 0.000
201706 101.196 103.902 134.454
201709 0.000 104.170 0.000
201712 106.006 104.804 139.633
201803 0.000 105.419 0.000
201806 108.619 106.063 141.377
201809 0.000 106.618 0.000
201812 100.297 107.252 129.098
201903 0.000 107.876 0.000
201906 113.961 107.896 145.810
201909 0.000 107.470 0.000
201912 126.559 108.065 161.676
202003 0.000 108.550 0.000
202006 111.873 108.540 142.289
202009 0.000 108.441 0.000
202012 124.359 108.511 158.213
202103 0.000 109.522 0.000
202106 137.348 110.305 171.896
202109 0.000 111.543 0.000
202112 134.299 114.705 161.632
202203 0.000 118.620 0.000
202206 108.159 120.948 123.452
202209 0.000 124.120 0.000
202212 104.559 126.578 114.036
202303 0.000 126.528 0.000
202306 110.392 125.973 120.975
202309 0.000 127.083 0.000
202312 115.834 128.292 124.644
202403 0.000 130.552 0.000
202406 111.151 130.691 117.410
202409 0.000 130.968 0.000
202412 112.532 132.346 117.382
202503 0.000 134.348 0.000
202506 100.424 133.495 103.850
202509 0.000 133.740 0.000
202512 95.777 135.070 97.890
202603 0.000 136.560 0.000
202606 89.672 138.050 89.672

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 0.55 mean?
Groupe Bruxelles Lambert (FRA:EAI) has a Cyclically Adjusted PB Ratio of 0.55 as of Aug. 22, 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 Groupe Bruxelles Lambert and its competitors. This is 14% below median its historical median of 0.64. Over the past decade, Groupe Bruxelles Lambert's Cyclically Adjusted PB Ratio has ranged from 0.51 to 0.96. According to the industry distribution chart, Groupe Bruxelles Lambert ranks #263 out of 997 companies in the Asset Management industry, placing it in the top 26.4%.
Is Groupe Bruxelles Lambert's Cyclically Adjusted PB Ratio too high?
Groupe Bruxelles Lambert's current Cyclically Adjusted PB Ratio of 0.55 is 14% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 0.96. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. Groupe Bruxelles Lambert's value of 0.55 is 36% below this industry median. Based on the distribution chart, Groupe Bruxelles Lambert ranks #263 out of 997 companies in the Asset Management industry, which is above the industry midpoint. Overall, Groupe Bruxelles Lambert has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Groupe Bruxelles Lambert's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Groupe Bruxelles Lambert ranks #263 out of 997 companies for Cyclically Adjusted PB Ratio. This puts Groupe Bruxelles Lambert in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.86. Groupe Bruxelles Lambert's value of 0.55 is 36% below this benchmark. Historically, Groupe Bruxelles Lambert's own Cyclically Adjusted PB Ratio has ranged from 0.51 to 0.96 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.86, Groupe Bruxelles Lambert 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.86, based on 997 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. Groupe Bruxelles Lambert's current Cyclically Adjusted PB Ratio of 0.55 is 36% 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 Groupe Bruxelles Lambert and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Groupe Bruxelles Lambert's current Cyclically Adjusted PB Ratio is 0.55, which is 14% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Groupe Bruxelles Lambert stock overvalued right now?
Based on GuruFocus' analysis, Groupe Bruxelles Lambert (FRA:EAI) is currently considered Modestly Undervalued. The stock's GF Value™ is €83.42, compared to a current price of €72.00 — trading 13.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.55, which is 14% below median its 10-year median of 0.64 and 36% below the Asset Management industry median of 0.86. Groupe Bruxelles Lambert's overall GF Score™ is 71/100 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 Groupe Bruxelles Lambert (FRA:EAI), the current Cyclically Adjusted PB Ratio is 0.55 as of Aug. 22, 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 Groupe Bruxelles Lambert (FRA:EAI) Overvalued in 2026?

Based on GuruFocus' analysis, Groupe Bruxelles Lambert stock appears to be undervalued. The current stock price of €72.00 is trading 13.7% below its estimated GF Value™ of €83.42. GuruFocus considers Groupe Bruxelles Lambert to be Modestly Undervalued.

Key valuation signals for FRA:EAI:

  • Cyclically Adjusted PB Ratio: 0.55 (14% below median its 10-year median of 0.64)
  • GF Value™: €83.42 vs. price of €72.00 (13.7% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 36% below the Asset Management median (#263 of 997)

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


Groupe Bruxelles Lambert Business Description

Address 24, Avenue Marnix, Brussels, BEL, B-1000
Groupe Bruxelles Lambert SA is an investment holding company. The company operates as a foremost investor in Europe, focused on long-term value creation. The business activities of the firm are operated through Holding, Imerys, Webhelp/Sapiens, Canyon/GfG CapitaL, and Sienna Investment Managers. Geographically, it derives a majority of its revenue from Europe and also has a presence in Asia-Oceania, North America, and other countries. The segments of the company are Holding, Imerys, Canyon, Affidea, Sanoptis, and others.
71GF Score

Get the complete analysis for FRA:EAI

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

€72.00
Price
€83.42
GF Value