Gateway Real Estate AG (FRA:GTY) Cyclically Adjusted PB Ratio: 0.17 (As of Jul. 14, 2026) — 35% Below Median

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FRA:GTY Gateway Real Estate AG FRA:GTY
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What is Gateway Real Estate AG Cyclically Adjusted PB Ratio?

Gateway Real Estate AG FRA:GTY 40 Cyclically Adjusted PB Ratio is 0.17 as of Jul. 14, 2026, which is 35% below its 10-year median of 0.26. GuruFocus rates FRA:GTY with a GF Score™ of 40/100. The stock has 7 warning signs investors should review. Among 1,442 Real Estate companies, Gateway Real Estate AG ranks better than 86.62% on this metric.

As of today (2026-07-14), Gateway Real Estate AG's current share price is €0.303. Gateway Real Estate AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was €1.75. Gateway Real Estate AG's Cyclically Adjusted PB Ratio for today is 0.17.

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

FRA:GTY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.26   Max: 0.47
Current: 0.18

During the past years, Gateway Real Estate AG's highest Cyclically Adjusted PB Ratio was 0.47. The lowest was 0.12. And the median was 0.26.

FRA:GTY's Cyclically Adjusted PB Ratio is ranked better than
86.62% of 1442 companies
in the Real Estate industry
Industry Median: 0.71 vs FRA:GTY: 0.18

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.

Gateway Real Estate AG's adjusted book value per share data for the three months ended in Sep. 2025 was €1.165. 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 €1.75 for the trailing ten years ended in Sep. 2025.

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Gateway Real Estate AG  (FRA:GTY) 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.


Gateway Real Estate AG Cyclically Adjusted PB Ratio Related Terms


Gateway Real Estate AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gateway Real Estate 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.

Gateway Real Estate AG Cyclically Adjusted PB Ratio Chart

Gateway Real Estate AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Gateway Real Estate AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Jun25 Sep25
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 0.00 0.00 0.37 0.49 0.27

Gateway Real Estate AG Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Gateway Real Estate 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.


Gateway Real Estate AG Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


FRA:GTY
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Gateway Real Estate AG FRA:GTY
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Gateway Real Estate 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.

Gateway Real Estate AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.303/1.75
=0.17

* 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.

Gateway Real Estate AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Gateway Real Estate AG's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=1.165/129.2552*129.2552
=1.165

Current CPI (Sep. 2025) = 129.2552.

Gateway Real Estate AG Quarterly Data

Book Value per Share CPI Adj_Book
201012 0.933 94.132 1.281
201112 0.303 95.998 0.408
201206 0.299 96.744 0.399
201212 0.395 97.957 0.521
201312 1.013 99.356 1.318
201412 0.543 99.543 0.705
201506 0.687 100.417 0.884
201512 0.475 99.717 0.616
201612 0.494 101.217 0.631
201706 1.355 102.117 1.715
201712 0.774 102.617 0.975
201803 0.000 102.917 0.000
201806 0.000 104.017 0.000
201809 0.000 104.718 0.000
201812 6.742 104.217 8.362
201903 6.600 104.217 8.186
201906 1.145 105.718 1.400
201909 1.153 106.018 1.406
201912 1.717 105.818 2.097
202003 1.759 105.718 2.151
202006 1.458 106.618 1.768
202009 1.454 105.818 1.776
202012 1.901 105.518 2.329
202103 2.075 107.518 2.495
202106 2.103 108.486 2.506
202109 2.059 109.435 2.432
202112 2.161 110.384 2.530
202203 2.145 113.968 2.433
202206 2.130 115.760 2.378
202209 2.078 118.818 2.261
202212 1.986 119.345 2.151
202303 1.966 122.402 2.076
202306 1.910 123.140 2.005
202309 1.733 124.195 1.804
202312 1.097 123.773 1.146
202403 1.073 125.038 1.109
202406 1.023 125.882 1.050
202409 1.100 126.198 1.127
202506 1.156 128.412 1.164
202509 1.165 129.255 1.165

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 0.17 mean?
Gateway Real Estate AG (FRA:GTY) has a Cyclically Adjusted PB Ratio of 0.17 as of Jul. 14, 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 Gateway Real Estate AG and its competitors. This is 35% below median its historical median of 0.26. Over the past decade, Gateway Real Estate AG's Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.47. According to the industry distribution chart, Gateway Real Estate AG ranks #193 out of 1442 companies in the Real Estate industry, placing it in the top 13.4%.
Is Gateway Real Estate AG's Cyclically Adjusted PB Ratio too high?
Gateway Real Estate AG's current Cyclically Adjusted PB Ratio of 0.17 is 35% below median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.47. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Gateway Real Estate AG's value of 0.17 is 76.1% below this industry median. Based on the distribution chart, Gateway Real Estate AG ranks #193 out of 1442 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Gateway Real Estate AG has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Gateway Real Estate AG's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Gateway Real Estate AG ranks #193 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Gateway Real Estate AG in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.71. Gateway Real Estate AG's value of 0.17 is 76.1% below this benchmark. Historically, Gateway Real Estate AG's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.47 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.71, Gateway Real Estate AG 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 0.71, based on 1,442 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. Gateway Real Estate AG's current Cyclically Adjusted PB Ratio of 0.17 is 76.1% 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 Gateway Real Estate AG and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gateway Real Estate AG's current Cyclically Adjusted PB Ratio is 0.17, which is 35% below median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gateway Real Estate AG stock overvalued right now?
Gateway Real Estate AG (FRA:GTY) has a current Cyclically Adjusted PB Ratio of 0.17. The current Cyclically Adjusted PB Ratio is 0.17, which is 35% below median its 10-year median of 0.26 and 76.1% below the Real Estate industry median of 0.71. Gateway Real Estate AG's overall GF Score™ is 40/100 with 7 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 Gateway Real Estate AG (FRA:GTY), the current Cyclically Adjusted PB Ratio is 0.17 as of Jul. 14, 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.

Gateway Real Estate AG Business Description

Other Exchanges GTY:Germany
Address Hardenbergstrasse 28a, Berlin, BB, DEU, 10623
Gateway Real Estate AG is a developer of commercial and residential real estate properties in Germany. The company covers the entire value chain in its real estate business, starting from the acquisition of land and projects, to the development and construction, and finally to the sale of the properties. Gateway's operating segments are: Standing Assets, Residential Properties Development, and Commercial Properties Development. Maximum revenue is generated from the Residential Properties Development segment, which includes development activities in selected metropolitan regions in Germany, such as Dresden, Berlin, Erfurt, Frankfurt am Main, Leipzig, and Munich, focusing on the new construction of medium-sized apartment buildings for modern living, mixed-use properties, and real estate.
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