Enablence Technologies (FRA:OA8) Cyclically Adjusted PB Ratio: (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:OA8 Enablence Technologies Inc FRA:OA8
26 GF Score
Price €3.82
GF Value €1.68
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Enablence Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Enablence Technologies  (FRA:OA8) 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.


Enablence Technologies Cyclically Adjusted PB Ratio Related Terms


Enablence Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Enablence Technologies'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.

Enablence Technologies Cyclically Adjusted PB Ratio Chart

Enablence Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
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Enablence Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00

FRA:OA8 vs CSCO, MSI, HPE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Enablence Technologies'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.


Enablence Technologies Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Enablence Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:OA8
26GF Score
Enablence Technologies Inc FRA:OA8
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Enablence Technologies 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.

Enablence Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Enablence Technologies's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-2.352/132.2623*132.2623
=-2.352

Current CPI (Mar. 2026) = 132.2623.

Enablence Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.564 102.002 -0.731
201609 -0.969 101.765 -1.259
201612 -0.877 101.449 -1.143
201703 -1.090 102.634 -1.405
201706 -0.759 103.029 -0.974
201709 -1.128 103.345 -1.444
201712 -1.565 103.345 -2.003
201803 -1.787 105.004 -2.251
201806 -2.340 105.557 -2.932
201809 -2.545 105.636 -3.186
201812 -2.886 105.399 -3.622
201903 -3.408 106.979 -4.213
201906 -3.981 107.690 -4.889
201909 -4.309 107.611 -5.296
201912 -4.726 107.769 -5.800
202003 -4.773 107.927 -5.849
202006 -5.289 108.401 -6.453
202009 -5.417 108.164 -6.624
202012 -5.672 108.559 -6.910
202103 -5.981 110.298 -7.172
202106 -6.166 111.720 -7.300
202109 -6.147 112.905 -7.201
202112 -0.420 113.774 -0.488
202203 -0.487 117.646 -0.548
202206 -0.498 120.806 -0.545
202209 -0.576 120.648 -0.631
202212 -0.609 120.964 -0.666
202303 -0.669 122.702 -0.721
202306 -0.641 124.203 -0.683
202309 -0.760 125.230 -0.803
202312 -0.883 125.072 -0.934
202403 -1.011 126.258 -1.059
202406 -1.286 127.522 -1.334
202409 -1.431 127.285 -1.487
202412 -1.603 127.364 -1.665
202503 -1.763 129.181 -1.805
202506 -1.552 129.892 -1.580
202509 -1.737 130.287 -1.763
202512 -2.034 130.366 -2.064
202603 -2.352 132.262 -2.352

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 Enablence Technologies (FRA:OA8) Overvalued in 2026?

Based on GuruFocus' analysis, Enablence Technologies stock appears to be overvalued. The current stock price of €3.82 is trading 127.4% above its estimated GF Value™ of €1.68. GuruFocus considers Enablence Technologies to be Significantly Overvalued.

Key valuation signals for FRA:OA8:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.68 vs. price of €3.82 (127.4% above fair value)
  • GF Score™: 26/100 with 6 warning signs

No single metric tells the full story. See the FRA:OA8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enablence Technologies Business Description

Other Exchanges ENAFF:USAENA:Canada
Address 390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a world-wide customer base, focused on data centres end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headset.
26GF Score

Get the complete analysis for FRA:OA8

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

€3.82
Price
€1.68
GF Value