BeWhere Holdings (FRA:S9XC) Cyclically Adjusted PB Ratio: 9.44 (As of Aug. 19, 2026) — 6193% Above Median

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FRA:S9XC BeWhere Holdings Inc FRA:S9XC
54 GF Score
Price €0.47
GF Value €0.52
Valuation Fairly Valued
! 2 Warning Signs
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What is BeWhere Holdings Cyclically Adjusted PB Ratio?

BeWhere Holdings FRA:S9XC -0.84% 54 Cyclically Adjusted PB Ratio is 9.44 as of Aug. 19, 2026, which is 6193% above its 10-year median of 0.15. GuruFocus rates FRA:S9XC with a GF Score™ of 54/100 and a GF Value™ of €0.52 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,955 Hardware companies, BeWhere Holdings ranks worse than 91.1% on this metric.

As of today (2026-08-19), BeWhere Holdings's current share price is €0.472. BeWhere Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.05. BeWhere Holdings's Cyclically Adjusted PB Ratio for today is 9.44.

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

FRA:S9XC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.15   Max: 14.5
Current: 10.16

During the past years, BeWhere Holdings's highest Cyclically Adjusted PB Ratio was 14.50. The lowest was 0.01. And the median was 0.15.

FRA:S9XC's Cyclically Adjusted PB Ratio is ranked worse than
91.1% of 1955 companies
in the Hardware industry
Industry Median: 2.1 vs FRA:S9XC: 10.16

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.

BeWhere Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was €0.103. 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 €0.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BeWhere Holdings  (FRA:S9XC) 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.


BeWhere Holdings Cyclically Adjusted PB Ratio Related Terms


BeWhere Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BeWhere 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.

BeWhere Holdings Cyclically Adjusted PB Ratio Chart

BeWhere 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 6.56 11.29 10.85

BeWhere 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 9.61 10.91 10.38 10.85 10.16

FRA:S9XC vs CSCO, MSI, HPE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, BeWhere 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.


BeWhere Holdings Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


FRA:S9XC
54GF Score
BeWhere Holdings Inc FRA:S9XC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BeWhere 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.

BeWhere Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.472/0.05
=9.44

* 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.

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

For example, BeWhere 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)
=0.103/132.2623*132.2623
=0.103

Current CPI (Mar. 2026) = 132.2623.

BeWhere Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.021 102.002 0.027
201609 0.030 101.765 0.039
201612 0.028 101.449 0.037
201703 0.024 102.634 0.031
201706 0.020 103.029 0.026
201709 0.022 103.345 0.028
201712 0.043 103.345 0.055
201803 0.037 105.004 0.047
201806 0.038 105.557 0.048
201809 0.036 105.636 0.045
201812 0.033 105.399 0.041
201903 0.050 106.979 0.062
201906 0.047 107.690 0.058
201909 0.047 107.611 0.058
201912 0.047 107.769 0.058
202003 0.044 107.927 0.054
202006 0.044 108.401 0.054
202009 0.043 108.164 0.053
202012 0.030 108.559 0.037
202103 0.031 110.298 0.037
202106 0.032 111.720 0.038
202109 0.033 112.905 0.039
202112 0.036 113.774 0.042
202203 0.037 117.646 0.042
202206 0.040 120.806 0.044
202209 0.043 120.648 0.047
202212 0.053 120.964 0.058
202303 0.053 122.702 0.057
202306 0.054 124.203 0.058
202309 0.056 125.230 0.059
202312 0.056 125.072 0.059
202403 0.057 126.258 0.060
202406 0.060 127.522 0.062
202409 0.061 127.285 0.063
202412 0.065 127.364 0.067
202503 0.068 129.181 0.070
202506 0.067 129.892 0.068
202509 0.069 130.287 0.070
202512 0.074 130.366 0.075
202603 0.103 132.262 0.103

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 9.44 mean?
BeWhere Holdings (FRA:S9XC) has a Cyclically Adjusted PB Ratio of 9.44 as of Aug. 19, 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 BeWhere Holdings and its competitors. This is 6193% above median its historical median of 0.15. Over the past decade, BeWhere Holdings' Cyclically Adjusted PB Ratio has ranged from 0.01 to 14.50. According to the industry distribution chart, BeWhere Holdings ranks #1781 out of 1955 companies in the Hardware industry, placing it in the top 91.1%.
Is BeWhere Holdings' Cyclically Adjusted PB Ratio too high?
BeWhere Holdings' current Cyclically Adjusted PB Ratio of 9.44 is 6193% above median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 14.50. The Hardware industry median Cyclically Adjusted PB Ratio is 2.10. BeWhere Holdings' value of 9.44 is 349.5% above this industry median. Based on the distribution chart, BeWhere Holdings ranks #1781 out of 1955 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, BeWhere Holdings has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BeWhere Holdings' Cyclically Adjusted PB Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, BeWhere Holdings ranks #1781 out of 1955 companies for Cyclically Adjusted PB Ratio. This places BeWhere Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. BeWhere Holdings' value of 9.44 is 349.5% above this benchmark. Historically, BeWhere Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.01 to 14.50 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 2.10, BeWhere Holdings 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.10, based on 1,955 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. BeWhere Holdings's current Cyclically Adjusted PB Ratio of 9.44 is 349.5% 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 BeWhere Holdings and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BeWhere Holdings's current Cyclically Adjusted PB Ratio is 9.44, which is 6193% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BeWhere Holdings stock overvalued right now?
Based on GuruFocus' analysis, BeWhere Holdings (FRA:S9XC) is currently considered Fairly Valued. The stock's GF Value™ is €0.52, compared to a current price of €0.47 — trading 9.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.44, which is 6193% above median its 10-year median of 0.15 and 349.5% above the Hardware industry median of 2.10. BeWhere Holdings' overall GF Score™ is 54/100 with 2 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 BeWhere Holdings (FRA:S9XC), the current Cyclically Adjusted PB Ratio is 9.44 as of Aug. 19, 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 BeWhere Holdings (FRA:S9XC) Overvalued in 2026?

Based on GuruFocus' analysis, BeWhere Holdings stock appears to be undervalued. The current stock price of €0.47 is trading 9.2% below its estimated GF Value™ of €0.52. GuruFocus considers BeWhere Holdings to be Fairly Valued.

Key valuation signals for FRA:S9XC:

  • Cyclically Adjusted PB Ratio: 9.44 (6193% above median its 10-year median of 0.15)
  • GF Value™: €0.52 vs. price of €0.47 (9.2% below fair value)
  • GF Score™: 54/100 with 2 warning signs
  • Industry Position: 349.5% above the Hardware median (#1781 of 1955)

No single metric tells the full story. See the FRA:S9XC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BeWhere Holdings Business Description

Other Exchanges BEWFF:USABEW:Canada
Address 2475 Skymark Avenue, Unit 4, Mississauga, ON, CAN, L4W 4Y6
BeWhere Holdings Inc is an internet provider of real-time information on equipment tools, and inventory in transit and at facilities serving the emergency service, construction, utility, and transportation industries. It designs and sells beacons and develops mobile applications, middleware, and cloud-based solutions enabling a level of operational visibility that was previously unavailable and cost-prohibitive. The company derives revenue from the sale of beacons and their associated embedded software, as well as professional services associated with customizing its products.
54GF Score

Get the complete analysis for FRA:S9XC

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

€0.47
Price
€0.52
GF Value