Melcor Developments (FRA:F7G) Cyclically Adjusted PB Ratio: 0.47 (As of Jul. 29, 2026) — Near Median

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FRA:F7G Melcor Developments Ltd FRA:F7G
61 GF Score
Price €11.40
GF Value €9.24
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Melcor Developments Cyclically Adjusted PB Ratio?

Melcor Developments FRA:F7G 61 Cyclically Adjusted PB Ratio is 0.47 as of Jul. 29, 2026, which is 9% above its 10-year median of 0.43. GuruFocus rates FRA:F7G with a GF Score™ of 61/100 and a GF Value™ of €9.24 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,422 Real Estate companies, Melcor Developments ranks better than 63.01% on this metric.

As of today (2026-07-29), Melcor Developments's current share price is €11.40. Melcor Developments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €24.39. Melcor Developments's Cyclically Adjusted PB Ratio for today is 0.47.

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

FRA:F7G' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.43   Max: 0.82
Current: 0.47

During the past years, Melcor Developments's highest Cyclically Adjusted PB Ratio was 0.82. The lowest was 0.20. And the median was 0.43.

FRA:F7G's Cyclically Adjusted PB Ratio is ranked better than
63.01% of 1422 companies
in the Real Estate industry
Industry Median: 0.69 vs FRA:F7G: 0.47

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.

Melcor Developments's adjusted book value per share data for the three months ended in Mar. 2026 was €26.837. 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 €24.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melcor Developments  (FRA:F7G) 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.


Melcor Developments Cyclically Adjusted PB Ratio Related Terms


Melcor Developments Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Melcor Developments'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.

Melcor Developments Cyclically Adjusted PB Ratio Chart

Melcor Developments 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 0.45 0.31 0.31 0.34 0.39

Melcor Developments 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 0.32 0.36 0.39 0.39 0.46

Melcor Developments Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Melcor Developments'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.


Melcor Developments Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Melcor Developments's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:F7G
61GF Score
Melcor Developments Ltd FRA:F7G
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melcor Developments 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.

Melcor Developments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.40/24.39
=0.47

* 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.

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

For example, Melcor Developments'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)
=26.837/132.2623*132.2623
=26.837

Current CPI (Mar. 2026) = 132.2623.

Melcor Developments Quarterly Data

Book Value per Share CPI Adj_Book
201606 19.876 102.002 25.773
201609 19.843 101.765 25.790
201612 21.197 101.449 27.635
201703 20.538 102.634 26.467
201706 19.614 103.029 25.179
201709 20.079 103.345 25.697
201712 19.990 103.345 25.584
201803 19.206 105.004 24.192
201806 19.981 105.557 25.036
201809 20.237 105.636 25.338
201812 20.944 105.399 26.282
201903 21.104 106.979 26.092
201906 21.148 107.690 25.973
201909 22.079 107.611 27.137
201912 22.220 107.769 27.270
202003 22.613 107.927 27.712
202006 21.468 108.401 26.193
202009 21.066 108.164 25.759
202012 20.895 108.559 25.457
202103 21.372 110.298 25.628
202106 21.802 111.720 25.811
202109 21.930 112.905 25.690
202112 23.420 113.774 27.226
202203 24.249 117.646 27.262
202206 25.698 120.806 28.135
202209 27.392 120.648 30.029
202212 26.203 120.964 28.650
202303 25.686 122.702 27.687
202306 26.621 124.203 28.348
202309 27.352 125.230 28.888
202312 26.964 125.072 28.514
202403 27.191 126.258 28.484
202406 27.667 127.522 28.696
202409 26.310 127.285 27.339
202412 27.429 127.364 28.484
202503 26.460 129.181 27.091
202506 25.947 129.892 26.420
202509 25.483 130.287 25.869
202512 26.078 130.366 26.457
202603 26.837 132.262 26.837

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 0.47 mean?
Melcor Developments (FRA:F7G) has a Cyclically Adjusted PB Ratio of 0.47 as of Jul. 29, 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 Melcor Developments and its competitors. This is near median its historical median of 0.43. Over the past decade, Melcor Developments' Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.82. According to the industry distribution chart, Melcor Developments ranks #526 out of 1422 companies in the Real Estate industry, placing it in the top 37%.
Is Melcor Developments' Cyclically Adjusted PB Ratio too high?
Melcor Developments' current Cyclically Adjusted PB Ratio of 0.47 is near median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.82. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Melcor Developments' value of 0.47 is 31.9% below this industry median. Based on the distribution chart, Melcor Developments ranks #526 out of 1422 companies in the Real Estate industry, which is above the industry midpoint. Overall, Melcor Developments has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Melcor Developments' Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Melcor Developments ranks #526 out of 1422 companies for Cyclically Adjusted PB Ratio. This puts Melcor Developments in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Melcor Developments' value of 0.47 is 31.9% below this benchmark. Historically, Melcor Developments' own Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.82 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.69, Melcor Developments 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,422 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. Melcor Developments's current Cyclically Adjusted PB Ratio of 0.47 is 31.9% 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 Melcor Developments and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melcor Developments's current Cyclically Adjusted PB Ratio is 0.47, which is near median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melcor Developments stock overvalued right now?
Based on GuruFocus' analysis, Melcor Developments (FRA:F7G) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.24, compared to a current price of €11.40 — trading 23.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.47, which is near median its 10-year median of 0.43 and 31.9% below the Real Estate industry median of 0.69. Melcor Developments' overall GF Score™ is 61/100 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 Melcor Developments (FRA:F7G), the current Cyclically Adjusted PB Ratio is 0.47 as of Jul. 29, 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 Melcor Developments (FRA:F7G) Overvalued in 2026?

Based on GuruFocus' analysis, Melcor Developments stock appears to be overvalued. The current stock price of €11.40 is trading 23.4% above its estimated GF Value™ of €9.24. GuruFocus considers Melcor Developments to be Modestly Overvalued.

Key valuation signals for FRA:F7G:

  • Cyclically Adjusted PB Ratio: 0.47 (near median its 10-year median of 0.43)
  • GF Value™: €9.24 vs. price of €11.40 (23.4% above fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 31.9% below the Real Estate median (#526 of 1422)

No single metric tells the full story. See the FRA:F7G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Melcor Developments Business Description

Other Exchanges MODVF:USAMRD:Canada
Address 10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions includes Land: acquires raw land and plans residential communities and commercial developments, Properties: owns and operates a portfolio of commercial and residential properties and development of commercial properties, Golf: owning and operating championship golf courses associated with residential communities, Corporate: orchestrates strategic planning, financial governance, risk mitigation guiding the organization through dynamic market shifts towards sustained and adaptive success.
61GF Score

Get the complete analysis for FRA:F7G

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

€11.40
Price
€9.24
GF Value