Cogent Communications Holdings (FRA:OGM1) Cyclically Adjusted PB Ratio: (As of Jul. 25, 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:OGM1 Cogent Communications Holdings Inc FRA:OGM1
62 GF Score
Price €11.00
GF Value €60.06
Valuation Possible Value Trap
! 7 Warning Signs
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What is Cogent Communications Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cogent Communications Holdings  (FRA:OGM1) 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.


Cogent Communications Holdings Cyclically Adjusted PB Ratio Related Terms


Cogent Communications Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cogent Communications Holdings'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.

Cogent Communications Holdings Cyclically Adjusted PB Ratio Chart

Cogent Communications Holdings 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

Cogent Communications Holdings 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:OGM1 vs OPTU, GLIBA, SHEN: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Cogent Communications Holdings'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.


Cogent Communications Holdings Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogent Communications Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:OGM1
62GF Score
Cogent Communications Holdings Inc FRA:OGM1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cogent Communications Holdings 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.

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

For example, Cogent Communications Holdings'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)
=-1.799/330.2130*330.2130
=-1.799

Current CPI (Mar. 2026) = 330.2130.

Cogent Communications Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.574 241.018 -0.786
201609 -0.792 241.428 -1.083
201612 -1.110 241.432 -1.518
201703 -1.307 243.801 -1.770
201706 -1.380 244.955 -1.860
201709 -1.463 246.819 -1.957
201712 -1.885 246.524 -2.525
201803 -1.701 249.554 -2.251
201806 -2.113 251.989 -2.769
201809 -2.321 252.439 -3.036
201812 -2.827 251.233 -3.716
201903 -3.136 254.202 -4.074
201906 -3.339 256.143 -4.305
201909 -3.694 256.759 -4.751
201912 -3.914 256.974 -5.030
202003 -4.266 258.115 -5.458
202006 -4.424 257.797 -5.667
202009 -4.681 260.280 -5.939
202012 -5.104 260.474 -6.471
202103 -5.436 264.877 -6.777
202106 -5.855 271.696 -7.116
202109 -6.362 274.310 -7.659
202112 -6.926 278.802 -8.203
202203 -7.741 287.504 -8.891
202206 -8.675 296.311 -9.668
202209 -10.347 296.808 -11.512
202212 -10.197 296.797 -11.345
202303 -10.608 301.836 -11.605
202306 10.237 305.109 11.079
202309 8.522 307.789 9.143
202312 11.499 306.746 12.379
202403 9.397 312.332 9.935
202406 7.879 314.175 8.281
202409 5.948 315.301 6.229
202412 4.340 315.605 4.541
202503 2.678 319.799 2.765
202506 0.822 322.561 0.842
202509 -0.679 324.800 -0.690
202512 -1.089 324.054 -1.110
202603 -1.799 330.213 -1.799

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 Cogent Communications Holdings (FRA:OGM1) Overvalued in 2026?

Based on GuruFocus' analysis, Cogent Communications Holdings stock appears to be undervalued. The current stock price of €11.00 is trading 81.7% below its estimated GF Value™ of €60.06. GuruFocus considers Cogent Communications Holdings to be Possible Value Trap.

Key valuation signals for FRA:OGM1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €60.06 vs. price of €11.00 (81.7% below fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the FRA:OGM1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cogent Communications Holdings Business Description

Other Exchanges CCOI:USA
Address 2450 N Street N.W, Washington, DC, USA, 20037
Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to businesses. Cogent's corporate customers are in high-rise office buildings, where the firm provides two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for nearly half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.
62GF Score

Get the complete analysis for FRA:OGM1

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

€11.00
Price
€60.06
GF Value