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Erste Group Bank AG.FRA:EBO +1.31%70 Cyclically Adjusted PB Ratio is 2.14 as of Jul. 30, 2026, which is 118% above its 10-year median of 0.98. GuruFocus rates FRA:EBO with a GF Score™ of 70/100 and a GF Value™ of €66.31 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,289 Banks companies, Erste Group Bank AG. ranks worse than 82.62% on this metric.
The historical rank and industry rank for Erste Group Bank AG.'s Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:EBO'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.98 Max: 2.21
Current: 2.15
During the past years, Erste Group Bank AG.'s highest Cyclically Adjusted PB Ratio was 2.21. The lowest was 0.44. And the median was 0.98.
FRA:EBO's Cyclically Adjusted PB Ratio is ranked worse than 82.62% of 1289
companies
in the Banks industry
Industry Median: 1.27
vs FRA:EBO: 2.15
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.
Erste Group Bank AG.'s adjusted book value per share data for the three months ended in Mar. 2026 was €69.131. 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 €54.29 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Erste Group Bank AG. (FRA:EBO) 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.
Erste Group Bank AG. Cyclically Adjusted PB Ratio Related Terms
Erste Group Bank AG. Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Erste Group Bank AG.'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.
Erste Group Bank AG. Cyclically Adjusted PB Ratio Chart
FRA:EBO vs PNC, USB: Cyclically Adjusted PB Ratio Comparison
For the Banks - Regional subindustry, Erste Group Bank AG.'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.
Erste Group Bank AG. Cyclically Adjusted PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Erste Group Bank AG.'s Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Erste Group Bank AG.'s Cyclically Adjusted PB Ratio falls into.
Erste Group Bank AG. 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.
* 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 2.14 mean?
Erste Group Bank AG. (FRA:EBO) has a Cyclically Adjusted PB Ratio of 2.14 as of Jul. 30, 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 Erste Group Bank AG. and its competitors. This is 118% above median its historical median of 0.98. Over the past decade, Erste Group Bank AG.'s Cyclically Adjusted PB Ratio has ranged from 0.44 to 2.21. According to the industry distribution chart, Erste Group Bank AG. ranks #1065 out of 1289 companies in the Banks industry, placing it in the top 82.6%.
Is Erste Group Bank AG.'s Cyclically Adjusted PB Ratio too high?
Erste Group Bank AG.'s current Cyclically Adjusted PB Ratio of 2.14 is 118% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 2.21. The Banks industry median Cyclically Adjusted PB Ratio is 1.27. Erste Group Bank AG.'s value of 2.14 is 68.5% above this industry median. Based on the distribution chart, Erste Group Bank AG. ranks #1065 out of 1289 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Erste Group Bank AG. has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Erste Group Bank AG.'s Cyclically Adjusted PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Erste Group Bank AG. ranks #1065 out of 1289 companies for Cyclically Adjusted PB Ratio. This places Erste Group Bank AG. in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Erste Group Bank AG.'s value of 2.14 is 68.5% above this benchmark. Historically, Erste Group Bank AG.'s own Cyclically Adjusted PB Ratio has ranged from 0.44 to 2.21 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.27, Erste Group Bank AG. 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.27, based on 1,289 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. Erste Group Bank AG.'s current Cyclically Adjusted PB Ratio of 2.14 is 68.5% 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 Erste Group Bank AG. and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Erste Group Bank AG.'s current Cyclically Adjusted PB Ratio is 2.14, which is 118% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erste Group Bank AG. stock overvalued right now?
Based on GuruFocus' analysis, Erste Group Bank AG. (FRA:EBO) is currently considered Significantly Overvalued. The stock's GF Value™ is €66.31, compared to a current price of €116.30 — trading 75.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.14, which is 118% above median its 10-year median of 0.98 and 68.5% above the Banks industry median of 1.27. Erste Group Bank AG.'s overall GF Score™ is 70/100 with 6 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 Erste Group Bank AG. (FRA:EBO), the current Cyclically Adjusted PB Ratio is 2.14 as of Jul. 30, 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 Erste Group Bank AG. (FRA:EBO) Overvalued in 2026?
Based on GuruFocus' analysis, Erste Group Bank AG. stock appears to be overvalued.
The current stock price of €116.30 is trading 75.4% above its estimated GF Value™ of €66.31.
GuruFocus considers Erste Group Bank AG. to be Significantly Overvalued.
Key valuation signals for FRA:EBO:
Cyclically Adjusted PB Ratio: 2.14 (118% above median its 10-year median of 0.98)
GF Value™: €66.31 vs. price of €116.30 (75.4% above fair value)
Industry Position: 68.5% above the Banks median (#1065 of 1289)
No single metric tells the full story. See the FRA:EBO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Erste Group Bank AG. is an Austria-based financial services provider catering to the needs of individuals, corporates, small businesses, and other enterprises. It offers a complete range of banking and other financial services, such as savings accounts, asset management (including investment funds), consumer credit and mortgage lending, investment banking, securities and derivatives trading, project finance, foreign exchange trading, leasing, factoring, etc. The Group's operating segments are defined according to the core markets in which it operates and include Austria, Central and Eastern Europe, and Other. Maximum revenue is generated from the Central and Eastern Europe segment, which represents its operations in the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.
70GF Score
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