Zue (FRA:J4E) Cyclically Adjusted PB Ratio: 1.15 (As of Sep. 15, 2026) — 121% Above Median

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FRA:J4E Zue SA FRA:J4E
75 GF Score
Price €2.67
GF Value €1.61
! 6 Warning Signs
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What is Zue Cyclically Adjusted PB Ratio?

Zue FRA:J4E +1.52% 75 Cyclically Adjusted PB Ratio is 1.15 as of Sep. 15, 2026, which is 121% above its 10-year median of 0.52. GuruFocus rates FRA:J4E with a GF Score™ of 75/100 and a GF Value™ of €1.61. The stock has 6 warning signs investors should review. Among 1,239 Construction companies, Zue ranks better than 50.12% on this metric.

As of today (2026-09-15), Zue's current share price is €2.67. Zue's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €2.32. Zue's Cyclically Adjusted PB Ratio for today is 1.15.

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

FRA:J4E' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.52   Max: 1.31
Current: 1.14

During the past years, Zue's highest Cyclically Adjusted PB Ratio was 1.31. The lowest was 0.29. And the median was 0.52.

FRA:J4E's Cyclically Adjusted PB Ratio is ranked better than
50.12% of 1239 companies
in the Construction industry
Industry Median: 1.14 vs FRA:J4E: 1.14

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.

Zue's adjusted book value per share data for the three months ended in Jun. 2026 was €2.246. 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 €2.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zue  (FRA:J4E) 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.


Zue Cyclically Adjusted PB Ratio Related Terms


Zue Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zue'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.

Zue Cyclically Adjusted PB Ratio Chart

Zue 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 0.00 0.00 0.00 0.00 0.00

Zue 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 0.00 0.00 0.00 0.00 1.10

Zue Cyclically Adjusted PB Ratio Competitor Comparison

For the Engineering & Construction subindustry, Zue'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.


Zue Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Zue's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:J4E
75GF Score
Zue SA FRA:J4E
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zue 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.

Zue's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.67/2.32
=1.15

* 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.

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

For example, Zue'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)
=2.246/162.2800*162.2800
=2.246

Current CPI (Jun. 2026) = 162.2800.

Zue Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.070 99.064 3.391
201612 2.088 100.366 3.376
201703 2.085 101.018 3.349
201706 2.017 101.180 3.235
201709 2.010 101.343 3.219
201712 2.205 102.564 3.489
201803 1.530 102.564 2.421
201806 2.117 103.378 3.323
201809 2.169 103.378 3.405
201812 1.501 103.785 2.347
201903 1.488 104.274 2.316
201906 1.529 105.983 2.341
201909 1.514 105.983 2.318
201912 1.554 107.123 2.354
202003 1.442 109.076 2.145
202006 1.496 109.402 2.219
202009 1.485 109.320 2.204
202012 1.490 109.565 2.207
202103 1.458 112.658 2.100
202106 1.512 113.960 2.153
202109 1.515 115.588 2.127
202112 1.588 119.088 2.164
202203 1.612 125.031 2.092
202206 1.617 131.705 1.992
202209 1.587 135.531 1.900
202212 1.621 139.113 1.891
202303 1.708 145.950 1.899
202306 1.816 147.009 2.005
202309 1.798 146.113 1.997
202312 2.023 147.741 2.222
202403 2.050 149.044 2.232
202406 2.065 150.997 2.219
202409 2.076 153.439 2.196
202412 2.119 154.660 2.223
202503 2.113 157.021 2.184
202506 2.194 157.509 2.260
202509 2.180 158.000 2.239
202512 2.263 158.320 2.320
202603 2.180 163.070 2.169
202606 2.246 162.280 2.246

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 1.15 mean?
Zue (FRA:J4E) has a Cyclically Adjusted PB Ratio of 1.15 as of Sep. 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 Zue and its competitors. This is 121% above median its historical median of 0.52. Over the past decade, Zue's Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.31. According to the industry distribution chart, Zue ranks #618 out of 1239 companies in the Construction industry, placing it in the top 49.9%.
Is Zue's Cyclically Adjusted PB Ratio too high?
Zue's current Cyclically Adjusted PB Ratio of 1.15 is 121% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.31. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Zue's value of 1.15 is 0.9% above this industry median. Based on the distribution chart, Zue ranks #618 out of 1239 companies in the Construction industry, which is above the industry midpoint. Overall, Zue has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Zue's Cyclically Adjusted PB Ratio compare to competitors?
According to the Construction industry distribution chart, Zue ranks #618 out of 1239 companies for Cyclically Adjusted PB Ratio. This puts Zue in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Zue's value of 1.15 is 0.9% above this benchmark. Historically, Zue's own Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.31 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 1.14, Zue 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,239 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. Zue's current Cyclically Adjusted PB Ratio of 1.15 is 0.9% 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 Zue and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zue's current Cyclically Adjusted PB Ratio is 1.15, which is 121% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zue stock overvalued right now?
Zue (FRA:J4E) has a current Cyclically Adjusted PB Ratio of 1.15. The stock's GF Value™ is €1.61, compared to a current price of €2.67 — trading 65.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.15, which is 121% above median its 10-year median of 0.52 and 0.9% above the Construction industry median of 1.14. Zue's overall GF Score™ is 75/100 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 Zue (FRA:J4E), the current Cyclically Adjusted PB Ratio is 1.15 as of Sep. 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 Zue (FRA:J4E) Overvalued in 2026?

Based on GuruFocus' analysis, Zue stock appears to be overvalued. The current stock price of €2.67 is trading 65.8% above its estimated GF Value™ of €1.61.

Key valuation signals for FRA:J4E:

  • Cyclically Adjusted PB Ratio: 1.15 (121% above median its 10-year median of 0.52)
  • GF Value™: €1.61 vs. price of €2.67 (65.8% above fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 0.9% above the Construction median (#618 of 1239)

No single metric tells the full story. See the FRA:J4E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zue Business Description

Other Exchanges ZUE:Poland
Address ul. Kazimierza Czapinskiego 3, Krakow, POL, 30-048
Zue SA is a contractor involved in the designing and delivery of comprehensive tram line and railway construction and modernization systems. It also provides infrastructure (including earthworks and construction of subgrade, drainage systems and engineering and cubature facilities.
75GF Score

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

€2.67
Price
€1.61
GF Value