Allwyn AG (FRA:GF8) Cyclically Adjusted PB Ratio: 4.69 (As of Jul. 24, 2026) — 10% Above Median

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FRA:GF8 Allwyn AG FRA:GF8
72 GF Score
Price €13.05
GF Value €20.62
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Allwyn AG Cyclically Adjusted PB Ratio?

Allwyn AG FRA:GF8 -2.25% 72 Cyclically Adjusted PB Ratio is 4.69 as of Jul. 24, 2026, which is 10% above its 10-year median of 4.26. GuruFocus rates FRA:GF8 with a GF Score™ of 72/100 and a GF Value™ of €20.62 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 646 Travel & Leisure companies, Allwyn AG ranks worse than 87.15% on this metric.

As of today (2026-07-24), Allwyn AG's current share price is €13.05. Allwyn AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.78. Allwyn AG's Cyclically Adjusted PB Ratio for today is 4.69.

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

FRA:GF8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.25   Med: 4.26   Max: 7.51
Current: 4.8

During the past years, Allwyn AG's highest Cyclically Adjusted PB Ratio was 7.51. The lowest was 2.25. And the median was 4.26.

FRA:GF8's Cyclically Adjusted PB Ratio is ranked worse than
87.15% of 646 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs FRA:GF8: 4.80

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.

Allwyn AG's adjusted book value per share data for the three months ended in Mar. 2026 was €6.693. 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 €2.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Allwyn AG  (FRA:GF8) 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.


Allwyn AG Cyclically Adjusted PB Ratio Related Terms


Allwyn AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Allwyn 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.

Allwyn AG Cyclically Adjusted PB Ratio Chart

Allwyn AG 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 4.21 4.33 5.10 5.53 7.32

Allwyn AG 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 6.56 6.99 7.41 7.32 4.83

FRA:GF8 vs FLUT, DKNG, SGHC: Cyclically Adjusted PB Ratio Comparison

For the Gambling subindustry, Allwyn 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.


Allwyn AG Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Allwyn AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:GF8
72GF Score
Allwyn AG FRA:GF8
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Allwyn 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.

Allwyn AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.05/2.78
=4.69

* 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.

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

For example, Allwyn AG'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)
=6.693/124.8200*124.8200
=6.693

Current CPI (Mar. 2026) = 124.8200.

Allwyn AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.119 100.121 3.888
201609 3.217 99.878 4.020
201612 3.255 100.110 4.058
201703 3.373 100.770 4.178
201706 2.844 101.138 3.510
201709 2.895 100.882 3.582
201712 2.249 100.762 2.786
201803 2.375 100.534 2.949
201806 2.150 102.121 2.628
201809 2.279 101.982 2.789
201812 2.279 101.330 2.807
201903 2.457 101.482 3.022
201906 1.963 101.837 2.406
201909 2.162 101.906 2.648
201912 2.357 102.120 2.881
202003 1.842 101.479 2.266
202006 1.507 100.239 1.877
202009 1.789 99.886 2.236
202012 2.184 99.751 2.733
202103 2.209 99.817 2.762
202106 1.819 101.270 2.242
202109 2.280 102.095 2.787
202112 2.595 104.853 3.089
202203 2.850 108.651 3.274
202206 1.630 113.517 1.792
202209 1.934 114.371 2.111
202212 2.885 112.428 3.203
202303 3.147 113.620 3.457
202306 2.596 115.515 2.805
202309 1.822 116.234 1.957
202312 2.023 116.364 2.170
202403 2.258 117.285 2.403
202406 1.611 118.129 1.702
202409 1.278 119.650 1.333
202412 1.616 119.360 1.690
202503 1.960 120.133 2.036
202506 1.464 121.399 1.505
202509 0.838 121.950 0.858
202512 1.180 122.450 1.203
202603 6.693 124.820 6.693

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 4.69 mean?
Allwyn AG (FRA:GF8) has a Cyclically Adjusted PB Ratio of 4.69 as of Jul. 24, 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 Allwyn AG and its competitors. This is 10% above median its historical median of 4.26. Over the past decade, Allwyn AG's Cyclically Adjusted PB Ratio has ranged from 2.25 to 7.51. According to the industry distribution chart, Allwyn AG ranks #563 out of 646 companies in the Travel & Leisure industry, placing it in the top 87.2%.
Is Allwyn AG's Cyclically Adjusted PB Ratio too high?
Allwyn AG's current Cyclically Adjusted PB Ratio of 4.69 is 10% above median its 10-year median of 4.26. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 7.51. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Allwyn AG's value of 4.69 is 290.8% above this industry median. Based on the distribution chart, Allwyn AG ranks #563 out of 646 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Allwyn AG has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Allwyn AG's Cyclically Adjusted PB Ratio compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Allwyn AG ranks #563 out of 646 companies for Cyclically Adjusted PB Ratio. This places Allwyn AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Allwyn AG's value of 4.69 is 290.8% above this benchmark. Historically, Allwyn AG's own Cyclically Adjusted PB Ratio has ranged from 2.25 to 7.51 over the past decade. While the company's 10-year median is 4.26 vs. the industry median of 1.20, Allwyn 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 646 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. Allwyn AG's current Cyclically Adjusted PB Ratio of 4.69 is 290.8% 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 Allwyn AG and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allwyn AG's current Cyclically Adjusted PB Ratio is 4.69, which is 10% above median its own 10-year median of 4.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allwyn AG stock overvalued right now?
Based on GuruFocus' analysis, Allwyn AG (FRA:GF8) is currently considered Possible Value Trap. The stock's GF Value™ is €20.62, compared to a current price of €13.05 — trading 36.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.69, which is 10% above median its 10-year median of 4.26 and 290.8% above the Travel & Leisure industry median of 1.20. Allwyn AG's overall GF Score™ is 72/100 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 Allwyn AG (FRA:GF8), the current Cyclically Adjusted PB Ratio is 4.69 as of Jul. 24, 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 Allwyn AG (FRA:GF8) Overvalued in 2026?

Based on GuruFocus' analysis, Allwyn AG stock appears to be undervalued. The current stock price of €13.05 is trading 36.7% below its estimated GF Value™ of €20.62. GuruFocus considers Allwyn AG to be Possible Value Trap.

Key valuation signals for FRA:GF8:

  • Cyclically Adjusted PB Ratio: 4.69 (10% above median its 10-year median of 4.26)
  • GF Value™: €20.62 vs. price of €13.05 (36.7% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 290.8% above the Travel & Leisure median (#563 of 646)

No single metric tells the full story. See the FRA:GF8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Allwyn AG Business Description

Address 112 Athinon Avenue, Attica, Athens, GRC, 104 42
Allwyn AG, formerly known as OPAP Holding SA, is a gambling company that operates lotteries and sports betting, including horse races. The company is the exclusive gambling provider in Greece. The firm is organized into segments based on the type of game: Lotteries, Betting, Online betting, Other online games, Instant and Passives, VLTs, Telecommunication and eMoney services. It generates the majority of its revenue from the Lotteries segment. The gaming services are provided either online or through physical retailers. The company generates the vast majority of its revenue in Greece.
72GF Score

Get the complete analysis for FRA:GF8

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

€13.05
Price
€20.62
GF Value