Grand Canyon Education (FRA:GKD) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:GKD Grand Canyon Education Inc FRA:GKD
83 GF Score
Price €131.40
GF Value €159.21
! 2 Warning Signs
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What is Grand Canyon Education Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Grand Canyon Education  (FRA:GKD) 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.


Grand Canyon Education Cyclically Adjusted PB Ratio Related Terms


Grand Canyon Education Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grand Canyon Education'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.

Grand Canyon Education Cyclically Adjusted PB Ratio Chart

Grand Canyon Education 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 4.14 4.79 5.20 6.20 5.38

Grand Canyon Education 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 6.37 7.18 5.51 5.53 4.62

FRA:GKD vs LRN, XXI, CVSA: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Grand Canyon Education'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.


Grand Canyon Education Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Grand Canyon Education's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grand Canyon Education's Cyclically Adjusted PB Ratio falls into.


FRA:GKD
83GF Score
Grand Canyon Education Inc FRA:GKD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Grand Canyon Education 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.

Grand Canyon Education's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Grand Canyon Education'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)
=22.322/333.9520*333.9520
=22.322

Current CPI (Jun. 2026) = 333.9520.

Grand Canyon Education Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.477 241.428 18.642
201612 15.423 241.432 21.333
201703 16.157 243.801 22.131
201706 15.914 244.955 21.696
201709 16.097 246.819 21.780
201712 17.061 246.524 23.112
201803 17.724 249.554 23.718
201806 19.529 251.989 25.881
201809 20.361 252.439 26.936
201812 22.025 251.233 29.277
201903 23.496 254.202 30.867
201906 24.115 256.143 31.440
201909 26.241 256.759 34.130
201912 26.731 256.974 34.738
202003 27.834 258.115 36.012
202006 28.032 257.797 36.313
202009 27.570 260.280 35.374
202012 27.582 260.474 35.363
202103 29.143 264.877 36.743
202106 28.656 271.696 35.222
202109 28.073 274.310 34.177
202112 24.362 278.802 29.181
202203 19.079 287.504 22.161
202206 18.154 296.311 20.460
202209 19.245 296.808 21.653
202212 19.236 296.797 21.644
202303 19.686 301.836 21.781
202306 19.461 305.109 21.301
202309 20.418 307.789 22.154
202312 21.700 306.746 23.625
202403 23.566 312.332 25.197
202406 23.973 314.175 25.482
202409 23.389 315.301 24.773
202412 26.231 315.605 27.756
202503 25.363 319.799 26.485
202506 23.474 322.561 24.303
202509 23.037 324.800 23.686
202512 23.217 324.054 23.926
202603 22.626 330.213 22.882
202606 22.322 333.952 22.322

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.

Is Grand Canyon Education (FRA:GKD) Overvalued in 2026?

Based on GuruFocus' analysis, Grand Canyon Education stock appears to be undervalued. The current stock price of €131.40 is trading 17.5% below its estimated GF Value™ of €159.21.

Key valuation signals for FRA:GKD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €159.21 vs. price of €131.40 (17.5% below fair value)
  • GF Score™: 83/100 with 2 warning signs

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


Grand Canyon Education Business Description

Other Exchanges LOPE:USA
Address 2600 West Camelback Road, Phoenix, AZ, USA, 85017
Grand Canyon Education Inc is a publicly traded education services company dedicated to serving colleges and universities. GCE's university partner is Grand Canyon University, an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases, and certificates across nine colleges, both online and on the ground at its campus in Phoenix, Arizona, and at four off-site classroom andlaboratory sites. The Company generates all of its revenue through service agreements with its university partners.
83GF Score

Get the complete analysis for FRA:GKD

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

€131.40
Price
€159.21
GF Value