Greenlight Capital Re (FRA:G8L) Cyclically Adjusted PB Ratio: 0.75 (As of Aug. 15, 2026) — 56% Above Median

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FRA:G8L Greenlight Capital Re Ltd FRA:G8L
69 GF Score
Price €13.50
GF Value €13.34
Valuation Fairly Valued
! 4 Warning Signs
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What is Greenlight Capital Re Cyclically Adjusted PB Ratio?

Greenlight Capital Re FRA:G8L +1.50% 69 Cyclically Adjusted PB Ratio is 0.75 as of Aug. 15, 2026, which is 56% above its 10-year median of 0.48. GuruFocus rates FRA:G8L with a GF Score™ of 69/100 and a GF Value™ of €13.34 (Fairly Valued). The stock has 4 warning signs investors should review. Among 417 Insurance companies, Greenlight Capital Re ranks better than 79.14% on this metric.

As of today (2026-08-15), Greenlight Capital Re's current share price is €13.50. Greenlight Capital Re's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €18.09. Greenlight Capital Re's Cyclically Adjusted PB Ratio for today is 0.75.

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

FRA:G8L' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.48   Max: 1.05
Current: 0.78

During the past years, Greenlight Capital Re's highest Cyclically Adjusted PB Ratio was 1.05. The lowest was 0.23. And the median was 0.48.

FRA:G8L's Cyclically Adjusted PB Ratio is ranked better than
79.14% of 417 companies
in the Insurance industry
Industry Median: 1.41 vs FRA:G8L: 0.78

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.

Greenlight Capital Re's adjusted book value per share data for the three months ended in Jun. 2026 was €18.417. 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 €18.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Greenlight Capital Re  (FRA:G8L) 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.


Greenlight Capital Re Cyclically Adjusted PB Ratio Related Terms


Greenlight Capital Re Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Greenlight Capital Re'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.

Greenlight Capital Re Cyclically Adjusted PB Ratio Chart

Greenlight Capital Re 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 0.33 0.35 0.51 0.66 0.73

Greenlight Capital Re 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 0.70 0.63 0.73 0.86 0.80

FRA:G8L vs KG, OXBR, RGA: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Reinsurance subindustry, Greenlight Capital Re'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.


Greenlight Capital Re Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Greenlight Capital Re's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Greenlight Capital Re's Cyclically Adjusted PB Ratio falls into.


FRA:G8L
69GF Score
Greenlight Capital Re Ltd FRA:G8L
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Greenlight Capital Re 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.

Greenlight Capital Re's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.50/18.09
=0.75

* 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.

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

For example, Greenlight Capital Re'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)
=18.417/333.9520*333.9520
=18.417

Current CPI (Jun. 2026) = 333.9520.

Greenlight Capital Re Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.657 241.428 27.190
201612 22.180 241.432 30.680
201703 22.064 243.801 30.223
201706 20.167 244.955 27.494
201709 19.487 246.819 26.366
201712 18.803 246.524 25.471
201803 14.899 249.554 19.938
201806 14.893 251.989 19.737
201809 13.119 252.439 17.355
201812 11.530 251.233 15.326
201903 11.673 254.202 15.335
201906 12.044 256.143 15.703
201909 12.433 256.759 16.171
201912 11.609 256.974 15.087
202003 10.562 258.115 13.665
202006 10.524 257.797 13.633
202009 10.247 260.280 13.147
202012 11.071 260.474 14.194
202103 11.379 264.877 14.346
202106 11.339 271.696 13.937
202109 11.315 274.310 13.775
202112 12.438 278.802 14.898
202203 12.249 287.504 14.228
202206 13.195 296.311 14.871
202209 13.543 296.808 15.238
202212 13.638 296.797 15.345
202303 13.509 301.836 14.946
202306 14.683 305.109 16.071
202309 15.270 307.789 16.568
202312 15.469 306.746 16.841
202403 16.265 312.332 17.391
202406 16.676 314.175 17.726
202409 17.161 315.301 18.176
202412 17.435 315.605 18.449
202503 17.849 319.799 18.639
202506 16.817 322.561 17.411
202509 16.463 324.800 16.927
202512 17.836 324.054 18.381
202603 19.033 330.213 19.249
202606 18.417 333.952 18.417

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 0.75 mean?
Greenlight Capital Re (FRA:G8L) has a Cyclically Adjusted PB Ratio of 0.75 as of Aug. 15, 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 Greenlight Capital Re and its competitors. This is 56% above median its historical median of 0.48. Over the past decade, Greenlight Capital Re's Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.05. According to the industry distribution chart, Greenlight Capital Re ranks #87 out of 417 companies in the Insurance industry, placing it in the top 20.9%.
Is Greenlight Capital Re's Cyclically Adjusted PB Ratio too high?
Greenlight Capital Re's current Cyclically Adjusted PB Ratio of 0.75 is 56% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.05. The Insurance industry median Cyclically Adjusted PB Ratio is 1.41. Greenlight Capital Re's value of 0.75 is 46.8% below this industry median. Based on the distribution chart, Greenlight Capital Re ranks #87 out of 417 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Greenlight Capital Re has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Greenlight Capital Re's Cyclically Adjusted PB Ratio compare to KG and OXBR?
According to the Insurance industry distribution chart, Greenlight Capital Re ranks #87 out of 417 companies for Cyclically Adjusted PB Ratio. This places Greenlight Capital Re in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.41. Greenlight Capital Re's value of 0.75 is 46.8% below this benchmark. Historically, Greenlight Capital Re's own Cyclically Adjusted PB Ratio has ranged from 0.23 to 1.05 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.41, Greenlight Capital Re 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 Insurance company?
The median Cyclically Adjusted PB Ratio among Insurance companies is 1.41, based on 417 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. Greenlight Capital Re's current Cyclically Adjusted PB Ratio of 0.75 is 46.8% 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 Greenlight Capital Re and its competitors. For the Insurance industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenlight Capital Re's current Cyclically Adjusted PB Ratio is 0.75, which is 56% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenlight Capital Re stock overvalued right now?
Based on GuruFocus' analysis, Greenlight Capital Re (FRA:G8L) is currently considered Fairly Valued. The stock's GF Value™ is €13.34, compared to a current price of €13.50 — trading 1.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.75, which is 56% above median its 10-year median of 0.48 and 46.8% below the Insurance industry median of 1.41. Greenlight Capital Re's overall GF Score™ is 69/100 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 Greenlight Capital Re (FRA:G8L), the current Cyclically Adjusted PB Ratio is 0.75 as of Aug. 15, 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 Greenlight Capital Re (FRA:G8L) Overvalued in 2026?

Based on GuruFocus' analysis, Greenlight Capital Re stock appears to be overvalued. The current stock price of €13.50 is trading 1.2% above its estimated GF Value™ of €13.34. GuruFocus considers Greenlight Capital Re to be Fairly Valued.

Key valuation signals for FRA:G8L:

  • Cyclically Adjusted PB Ratio: 0.75 (56% above median its 10-year median of 0.48)
  • GF Value™: €13.34 vs. price of €13.50 (1.2% above fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 46.8% below the Insurance median (#87 of 417)

No single metric tells the full story. See the FRA:G8L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Greenlight Capital Re Business Description

Other Exchanges GLRE:USA
Address 65 Market Street, Suite 1207, Jasmine Court, P.O. Box 31110, Camana Bay, Grand Cayman, CYM, KY1-1205
Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed and income from investments.
69GF Score

Get the complete analysis for FRA:G8L

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

€13.50
Price
€13.34
GF Value