Etteplan Oyj (FRA:EPL) Cyclically Adjusted PB Ratio: 1.89 (As of Jul. 18, 2026) — 64% Below Median

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FRA:EPL Etteplan Oyj FRA:EPL
71 GF Score
Price €7.30
GF Value €10.87
! 4 Warning Signs
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What is Etteplan Oyj Cyclically Adjusted PB Ratio?

Etteplan Oyj FRA:EPL 71 Cyclically Adjusted PB Ratio is 1.89 as of Jul. 18, 2026, which is 64% below its 10-year median of 5.20. GuruFocus rates FRA:EPL with a GF Score™ of 71/100 and a GF Value™ of €10.87. The stock has 4 warning signs investors should review. Among 1,360 Construction companies, Etteplan Oyj ranks worse than 65.66% on this metric.

As of today (2026-07-18), Etteplan Oyj's current share price is €7.30. Etteplan Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.86. Etteplan Oyj's Cyclically Adjusted PB Ratio for today is 1.89.

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

FRA:EPL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.84   Med: 5.2   Max: 9.02
Current: 1.95

During the past years, Etteplan Oyj's highest Cyclically Adjusted PB Ratio was 9.02. The lowest was 1.84. And the median was 5.20.

FRA:EPL's Cyclically Adjusted PB Ratio is ranked worse than
65.66% of 1360 companies
in the Construction industry
Industry Median: 1.18 vs FRA:EPL: 1.95

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.

Etteplan Oyj's adjusted book value per share data for the three months ended in Mar. 2026 was €4.854. 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 €3.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Etteplan Oyj  (FRA:EPL) 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.


Etteplan Oyj Cyclically Adjusted PB Ratio Related Terms


Etteplan Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Etteplan Oyj'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.

Etteplan Oyj Cyclically Adjusted PB Ratio Chart

Etteplan Oyj 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 7.45 5.27 4.38 2.87 2.50

Etteplan Oyj 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 3.33 2.99 2.71 2.50 2.05

FRA:EPL vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Etteplan Oyj'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.


Etteplan Oyj Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Etteplan Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:EPL
71GF Score
Etteplan Oyj FRA:EPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Etteplan Oyj 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.

Etteplan Oyj's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.30/3.86
=1.89

* 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.

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

For example, Etteplan Oyj'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)
=4.854/124.6700*124.6700
=4.854

Current CPI (Mar. 2026) = 124.6700.

Etteplan Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.994 100.390 2.476
201609 2.007 100.540 2.489
201612 2.144 101.020 2.646
201703 2.264 100.910 2.797
201706 2.204 101.140 2.717
201709 2.224 101.320 2.737
201712 2.342 101.510 2.876
201803 2.425 101.730 2.972
201806 2.396 102.320 2.919
201809 2.537 102.600 3.083
201812 2.716 102.710 3.297
201903 2.877 102.870 3.487
201906 2.735 103.360 3.299
201909 2.904 103.540 3.497
201912 3.093 103.650 3.720
202003 3.180 103.490 3.831
202006 3.059 103.320 3.691
202009 3.181 103.710 3.824
202012 3.499 103.890 4.199
202103 3.689 104.870 4.386
202106 3.639 105.360 4.306
202109 3.722 106.290 4.366
202112 3.969 107.490 4.603
202203 4.272 110.950 4.800
202206 4.001 113.570 4.392
202209 3.934 114.920 4.268
202212 4.245 117.320 4.511
202303 4.394 119.750 4.575
202306 4.100 120.690 4.235
202309 4.214 121.280 4.332
202312 4.545 121.540 4.662
202403 4.631 122.360 4.718
202406 4.547 122.230 4.638
202409 4.560 122.260 4.650
202412 4.665 122.390 4.752
202503 4.868 123.010 4.934
202506 4.666 122.530 4.747
202509 4.729 122.880 4.798
202512 4.837 122.670 4.916
202603 4.854 124.670 4.854

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 1.89 mean?
Etteplan Oyj (FRA:EPL) has a Cyclically Adjusted PB Ratio of 1.89 as of Jul. 18, 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 Etteplan Oyj and its competitors. This is 64% below median its historical median of 5.20. Over the past decade, Etteplan Oyj's Cyclically Adjusted PB Ratio has ranged from 1.84 to 9.02. According to the industry distribution chart, Etteplan Oyj ranks #893 out of 1360 companies in the Construction industry, placing it in the top 65.7%.
Is Etteplan Oyj's Cyclically Adjusted PB Ratio too high?
Etteplan Oyj's current Cyclically Adjusted PB Ratio of 1.89 is 64% below median its 10-year median of 5.20. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 9.02. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. Etteplan Oyj's value of 1.89 is 60.2% above this industry median. Based on the distribution chart, Etteplan Oyj ranks #893 out of 1360 companies in the Construction industry, which is below the industry midpoint. Overall, Etteplan Oyj has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Etteplan Oyj's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Etteplan Oyj ranks #893 out of 1360 companies for Cyclically Adjusted PB Ratio. This places Etteplan Oyj in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Etteplan Oyj's value of 1.89 is 60.2% above this benchmark. Historically, Etteplan Oyj's own Cyclically Adjusted PB Ratio has ranged from 1.84 to 9.02 over the past decade. While the company's 10-year median is 5.20 vs. the industry median of 1.18, Etteplan Oyj 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,360 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. Etteplan Oyj's current Cyclically Adjusted PB Ratio of 1.89 is 60.2% 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 Etteplan Oyj and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Etteplan Oyj's current Cyclically Adjusted PB Ratio is 1.89, which is 64% below median its own 10-year median of 5.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Etteplan Oyj stock overvalued right now?
Etteplan Oyj (FRA:EPL) has a current Cyclically Adjusted PB Ratio of 1.89. The stock's GF Value™ is €10.87, compared to a current price of €7.30 — trading 32.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.89, which is 64% below median its 10-year median of 5.20 and 60.2% above the Construction industry median of 1.18. Etteplan Oyj's overall GF Score™ is 71/100 with 4 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 Etteplan Oyj (FRA:EPL), the current Cyclically Adjusted PB Ratio is 1.89 as of Jul. 18, 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 Etteplan Oyj (FRA:EPL) Overvalued in 2026?

Based on GuruFocus' analysis, Etteplan Oyj stock appears to be undervalued. The current stock price of €7.30 is trading 32.8% below its estimated GF Value™ of €10.87.

Key valuation signals for FRA:EPL:

  • Cyclically Adjusted PB Ratio: 1.89 (64% below median its 10-year median of 5.20)
  • GF Value™: €10.87 vs. price of €7.30 (32.8% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 60.2% above the Construction median (#893 of 1360)

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


Etteplan Oyj Business Description

Address Tekniikantie 4 D, Espoo, FIN, 02150
Etteplan Oyj provides software and embedded solutions, industrial equipment and plant engineering, and technical communication and data solutions to manufacturing companies, aimed at improving product competitiveness across the product lifecycle. It operates through three segments: Engineering Solutions (generates maximum revenue), which includes product development, plant engineering, and engineering-to-order projects; Software and Embedded Solutions, which focuses on machine control, digital connectivity, and Internet of Things solutions; and Technical Communication and Data Solutions, which includes technical documentation and content management. The company operates mainly in Finland (generates maximum revenue), as well as in Scandinavia, Central Europe, and China.
71GF Score

Get the complete analysis for FRA:EPL

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

€7.30
Price
€10.87
GF Value