Alumexx NV (FRA:NE8F) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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
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:NE8F Alumexx NV FRA:NE8F
29 GF Score
Price €1.33
GF Value €1.69
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Alumexx NV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alumexx NV  (FRA:NE8F) 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.


Alumexx NV Cyclically Adjusted PB Ratio Related Terms


Alumexx NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alumexx NV'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.

Alumexx NV Cyclically Adjusted PB Ratio Chart

Alumexx NV 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 - 0.61 1.33 12.65 7.79

Alumexx NV Semi-Annual Data
Jun12 Jun14 Dec14 Jun15 Jun17 Dec17 Jun18 Dec18 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.33 1.38 12.65 16.10 7.79

FRA:NE8F vs AMZN, BABA, PDD: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, Alumexx NV'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.


Alumexx NV Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alumexx NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:NE8F
29GF Score
Alumexx NV FRA:NE8F
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alumexx NV 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.

Alumexx NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Alumexx NV's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.334/135.4700*135.4700
=0.334

Current CPI (Dec25) = 135.4700.

Alumexx NV Annual Data

Book Value per Share CPI Adj_Book
201612 0.071 100.710 0.096
201712 0.058 101.970 0.077
201812 0.059 103.970 0.077
201912 0.064 106.800 0.081
202012 0.089 107.850 0.112
202112 0.119 114.010 0.141
202212 0.142 124.940 0.154
202312 0.286 126.450 0.306
202412 0.330 131.630 0.340
202512 0.334 135.470 0.334

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 Alumexx NV (FRA:NE8F) Overvalued in 2026?

Based on GuruFocus' analysis, Alumexx NV stock appears to be undervalued. The current stock price of €1.33 is trading 21.3% below its estimated GF Value™ of €1.69. GuruFocus considers Alumexx NV to be Modestly Undervalued.

Key valuation signals for FRA:NE8F:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.69 vs. price of €1.33 (21.3% below fair value)
  • GF Score™: 29/100 with 6 warning signs

No single metric tells the full story. See the FRA:NE8F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alumexx NV Business Description

Other Exchanges ALX:Netherlands
Address Leerlooierstraat 30, Etten-Leur, NB, NLD, 4871 EN
Alumexx NV is engaged in manufacturing and selling of climbing materials. It focuses on the production and supply of aluminium ladders, steps, scaffolding, and related articles for DIY, painting, and maintenance work at height. The target group is the industrial, semi-professional, and do-it-yourself markets.
29GF Score

Get the complete analysis for FRA:NE8F

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

€1.33
Price
€1.69
GF Value