Trainers' House OYJ (FRA:IV9) Cyclically Adjusted PB Ratio: 0.71 (As of Aug. 05, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:IV9 Trainers' House OYJ FRA:IV9
57 GF Score
Price €2.22
GF Value €2.17
! 4 Warning Signs
View Full Analysis

What is Trainers' House OYJ Cyclically Adjusted PB Ratio?

Trainers' House OYJ FRA:IV9 +2.83% 57 Cyclically Adjusted PB Ratio is 0.71 as of Aug. 05, 2026, which is 6% above its 10-year median of 0.67. GuruFocus rates FRA:IV9 with a GF Score™ of 57/100 and a GF Value™ of €2.17. The stock has 4 warning signs investors should review. Among 726 Business Services companies, Trainers' House OYJ ranks better than 76.86% on this metric.

As of today (2026-08-05), Trainers' House OYJ's current share price is €2.22. Trainers' House OYJ's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €3.13. Trainers' House OYJ's Cyclically Adjusted PB Ratio for today is 0.71.

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

FRA:IV9' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.67   Max: 1.74
Current: 0.73

During the past years, Trainers' House OYJ's highest Cyclically Adjusted PB Ratio was 1.74. The lowest was 0.22. And the median was 0.67.

FRA:IV9's Cyclically Adjusted PB Ratio is ranked better than
76.86% of 726 companies
in the Business Services industry
Industry Median: 1.555 vs FRA:IV9: 0.73

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.

Trainers' House OYJ's adjusted book value per share data for the three months ended in Jun. 2026 was €1.868. 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 €3.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trainers' House OYJ  (FRA:IV9) 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.


Trainers' House OYJ Cyclically Adjusted PB Ratio Related Terms


Trainers' House OYJ Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trainers' House OYJ'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.

Trainers' House OYJ Cyclically Adjusted PB Ratio Chart

Trainers' House OYJ 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 1.31 1.05 1.12 0.64 0.75

Trainers' House OYJ 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 0.69 0.67 0.75 0.86 0.66

FRA:IV9 vs VRSK, EFX, BAH: Cyclically Adjusted PB Ratio Comparison

For the Consulting Services subindustry, Trainers' House OYJ'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.


Trainers' House OYJ Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Trainers' House OYJ's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Trainers' House OYJ's Cyclically Adjusted PB Ratio falls into.


FRA:IV9
57GF Score
Trainers' House OYJ FRA:IV9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trainers' House OYJ 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.

Trainers' House OYJ's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.22/3.13
=0.71

* 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.

Trainers' House OYJ's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Trainers' House OYJ'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)
=1.868/125.0800*125.0800
=1.868

Current CPI (Jun. 2026) = 125.0800.

Trainers' House OYJ Quarterly Data

Book Value per Share CPI Adj_Book
201603 3.087 100.080 3.858
201606 3.160 100.390 3.937
201609 3.208 100.540 3.991
201612 3.326 101.020 4.118
201703 3.437 100.910 4.260
201706 3.547 101.140 4.387
201709 3.451 101.320 4.260
201712 3.481 101.510 4.289
201803 3.669 101.730 4.511
201806 3.807 102.320 4.654
201809 3.710 102.600 4.523
201812 3.908 102.710 4.759
201903 4.119 102.870 5.008
201906 4.288 103.360 5.189
201909 4.211 103.540 5.087
201912 4.060 103.650 4.899
202006 2.425 103.320 2.936
202012 2.675 103.890 3.221
202103 0.000 104.870 0.000
202106 2.943 105.360 3.494
202109 0.000 106.290 0.000
202112 2.776 107.490 3.230
202203 2.243 110.950 2.529
202206 2.421 113.570 2.666
202209 2.304 114.920 2.508
202212 2.346 117.320 2.501
202303 2.070 119.750 2.162
202306 1.959 120.690 2.030
202309 1.913 121.280 1.973
202312 1.834 121.540 1.887
202403 1.916 122.360 1.959
202406 1.937 122.230 1.982
202409 1.864 122.260 1.907
202412 1.783 122.390 1.822
202503 1.805 123.010 1.835
202506 1.884 122.530 1.923
202509 1.926 122.880 1.960
202512 1.897 122.670 1.934
202603 1.844 124.670 1.850
202606 1.868 125.080 1.868

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 0.71 mean?
Trainers' House OYJ (FRA:IV9) has a Cyclically Adjusted PB Ratio of 0.71 as of Aug. 05, 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 Trainers' House OYJ and its competitors. This is near median its historical median of 0.67. Over the past decade, Trainers' House OYJ's Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.74. According to the industry distribution chart, Trainers' House OYJ ranks #168 out of 726 companies in the Business Services industry, placing it in the top 23.1%.
Is Trainers' House OYJ's Cyclically Adjusted PB Ratio too high?
Trainers' House OYJ's current Cyclically Adjusted PB Ratio of 0.71 is near median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.74. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Trainers' House OYJ's value of 0.71 is 54.3% below this industry median. Based on the distribution chart, Trainers' House OYJ ranks #168 out of 726 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Trainers' House OYJ has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Trainers' House OYJ's Cyclically Adjusted PB Ratio compare to VRSK and EFX?
According to the Business Services industry distribution chart, Trainers' House OYJ ranks #168 out of 726 companies for Cyclically Adjusted PB Ratio. This places Trainers' House OYJ in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.56. Trainers' House OYJ's value of 0.71 is 54.3% below this benchmark. Historically, Trainers' House OYJ's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.74 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 1.56, Trainers' House OYJ 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 726 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. Trainers' House OYJ's current Cyclically Adjusted PB Ratio of 0.71 is 54.3% 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 Trainers' House OYJ and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trainers' House OYJ's current Cyclically Adjusted PB Ratio is 0.71, which is near median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trainers' House OYJ stock overvalued right now?
Trainers' House OYJ (FRA:IV9) has a current Cyclically Adjusted PB Ratio of 0.71. The stock's GF Value™ is €2.17, compared to a current price of €2.22 — trading 2.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.71, which is near median its 10-year median of 0.67 and 54.3% below the Business Services industry median of 1.56. Trainers' House OYJ's overall GF Score™ is 57/100 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 Trainers' House OYJ (FRA:IV9), the current Cyclically Adjusted PB Ratio is 0.71 as of Aug. 05, 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 Trainers' House OYJ (FRA:IV9) Overvalued in 2026?

Based on GuruFocus' analysis, Trainers' House OYJ stock appears to be overvalued. The current stock price of €2.22 is trading 2.3% above its estimated GF Value™ of €2.17.

Key valuation signals for FRA:IV9:

  • Cyclically Adjusted PB Ratio: 0.71 (near median its 10-year median of 0.67)
  • GF Value™: €2.17 vs. price of €2.22 (2.3% above fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 54.3% below the Business Services median (#168 of 726)

No single metric tells the full story. See the FRA:IV9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Trainers' House OYJ Business Description

Other Exchanges TRH1V:Finland
Address Tammasaarenlaituri 3, Helsinki, FIN, 02200
Trainers' House OYJ is a change management company offering consultancy services. It offers services including change management, personal growth training, the pulse change management system and also offers sales and marketing services. Geographically, the activities are performed through the region of Finland.
57GF Score

Get the complete analysis for FRA:IV9

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

€2.22
Price
€2.17
GF Value