Great Elm Group (FRA:PNC) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan 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
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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:PNC Great Elm Group Inc FRA:PNC
14 GF Score
Price €1.80
GF Value €2.67
Valuation Possible Value Trap
! 6 Warning Signs
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What is Great Elm Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Great Elm Group  (FRA:PNC) 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.


Great Elm Group Cyclically Adjusted PB Ratio Related Terms


Great Elm Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Great Elm Group'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.

Great Elm Group Cyclically Adjusted PB Ratio Chart

Great Elm Group Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.59 0.58 0.61 0.75

Great Elm Group 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 0.68 0.85 0.90 0.62 0.71

FRA:PNC vs PCM, PGZ, NMS: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Great Elm Group'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.


Great Elm Group Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Great Elm Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:PNC
14GF Score
Great Elm Group Inc FRA:PNC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Great Elm Group 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.

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

For example, Great Elm Group'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)
=1.199/333.9520*333.9520
=1.199

Current CPI (Jun. 2026) = 333.9520.

Great Elm Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.157 241.428 4.367
201612 2.803 241.432 3.877
201703 2.679 243.801 3.670
201706 2.502 244.955 3.411
201709 2.353 246.819 3.184
201712 2.340 246.524 3.170
201803 2.182 249.554 2.920
201806 2.238 251.989 2.966
201809 2.357 252.439 3.118
201812 2.251 251.233 2.992
201903 2.438 254.202 3.203
201906 2.390 256.143 3.116
201909 2.385 256.759 3.102
201912 2.250 256.974 2.924
202003 2.301 258.115 2.977
202006 2.391 257.797 3.097
202009 2.166 260.280 2.779
202012 2.074 260.474 2.659
202103 2.204 264.877 2.779
202106 2.163 271.696 2.659
202109 1.873 274.310 2.280
202112 1.727 278.802 2.069
202203 1.566 287.504 1.819
202206 1.418 296.311 1.598
202209 1.203 296.808 1.354
202212 2.008 296.797 2.259
202303 2.162 301.836 2.392
202306 1.980 305.109 2.167
202309 2.129 307.789 2.310
202312 2.248 306.746 2.447
202403 2.225 312.332 2.379
202406 2.148 314.175 2.283
202409 2.231 315.301 2.363
202412 2.492 315.605 2.637
202503 2.266 319.799 2.366
202506 2.588 322.561 2.679
202509 2.205 324.800 2.267
202512 1.631 324.054 1.681
202603 1.156 330.213 1.169
202606 1.199 333.952 1.199

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 Great Elm Group (FRA:PNC) Overvalued in 2026?

Based on GuruFocus' analysis, Great Elm Group stock appears to be undervalued. The current stock price of €1.80 is trading 32.6% below its estimated GF Value™ of €2.67. GuruFocus considers Great Elm Group to be Possible Value Trap.

Key valuation signals for FRA:PNC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.67 vs. price of €1.80 (32.6% below fair value)
  • GF Score™: 14/100 with 6 warning signs

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


Great Elm Group Business Description

Other Exchanges GEG:USA
Address 3801 PGA Boulevard, Suite 603, Palm Beach Gardens, FL, USA, 33410
Great Elm Group Inc operates as an alternative asset manager focused on growing a scalable and diversified portfolio of long-duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. Along with its subsidiaries, it manages Great Elm Capital Corp, a publicly traded business development company, and Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust, in addition to other investments.
14GF Score

Get the complete analysis for FRA:PNC

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

€1.80
Price
€2.67
GF Value