Sedlmayr Grund und Immobilien KGaA (FRA:SPB) Cyclically Adjusted PB Ratio: 2.96 (As of Jul. 17, 2026) — 63% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:SPB Sedlmayr Grund und Immobilien KGaA FRA:SPB
28 GF Score
Price €1,100.00
GF Value €1,624.88
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Sedlmayr Grund und Immobilien KGaA Cyclically Adjusted PB Ratio?

Sedlmayr Grund und Immobilien KGaA FRA:SPB -0.90% 28 Cyclically Adjusted PB Ratio is 2.96 as of Jul. 17, 2026, which is 63% below its 10-year median of 8.00. GuruFocus rates FRA:SPB with a GF Score™ of 28/100 and a GF Value™ of €1,624.88 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,437 Real Estate companies, Sedlmayr Grund und Immobilien KGaA ranks worse than 89.56% on this metric.

As of today (2026-07-17), Sedlmayr Grund und Immobilien KGaA's current share price is €1100.00. Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 was €371.47. Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted PB Ratio for today is 2.96.

The historical rank and industry rank for Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:SPB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.99   Med: 8   Max: 10.85
Current: 2.99

During the past 13 years, Sedlmayr Grund und Immobilien KGaA's highest Cyclically Adjusted PB Ratio was 10.85. The lowest was 2.99. And the median was 8.00.

FRA:SPB's Cyclically Adjusted PB Ratio is ranked worse than
89.56% of 1437 companies
in the Real Estate industry
Industry Median: 0.71 vs FRA:SPB: 2.99

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.

Sedlmayr Grund und Immobilien KGaA's adjusted book value per share data of for the fiscal year that ended in Sep25 was €290.862. 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 €371.47 for the trailing ten years ended in Sep25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sedlmayr Grund und Immobilien KGaA  (FRA:SPB) 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.


Sedlmayr Grund und Immobilien KGaA Cyclically Adjusted PB Ratio Related Terms


Sedlmayr Grund und Immobilien KGaA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sedlmayr Grund und Immobilien KGaA'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.

Sedlmayr Grund und Immobilien KGaA Cyclically Adjusted PB Ratio Chart

Sedlmayr Grund und Immobilien KGaA Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.34 6.91 4.65 2.94 3.37

Sedlmayr Grund und Immobilien KGaA Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 2.94 0.00 3.37 0.00

Sedlmayr Grund und Immobilien KGaA Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Sedlmayr Grund und Immobilien KGaA'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.


Sedlmayr Grund und Immobilien KGaA Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted PB Ratio falls into.


FRA:SPB
28GF Score
Sedlmayr Grund und Immobilien KGaA FRA:SPB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sedlmayr Grund und Immobilien KGaA 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.

Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1100.00/371.47
=2.96

* 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.

Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, Sedlmayr Grund und Immobilien KGaA's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=290.862/129.2552*129.2552
=290.862

Current CPI (Sep25) = 129.2552.

Sedlmayr Grund und Immobilien KGaA Annual Data

Book Value per Share CPI Adj_Book
201609 320.826 101.017 410.510
201709 332.273 102.717 418.119
201809 309.301 104.718 381.777
201909 327.486 106.018 399.266
202009 337.609 105.818 412.386
202109 356.441 109.435 420.999
202209 322.869 118.818 351.231
202309 295.877 124.195 307.933
202409 313.963 126.198 321.569
202509 290.862 129.255 290.862

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 2.96 mean?
Sedlmayr Grund und Immobilien KGaA (FRA:SPB) has a Cyclically Adjusted PB Ratio of 2.96 as of Jul. 17, 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 Sedlmayr Grund und Immobilien KGaA and its competitors. This is 63% below median its historical median of 8.00. Over the past decade, Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted PB Ratio has ranged from 2.99 to 10.85. According to the industry distribution chart, Sedlmayr Grund und Immobilien KGaA ranks #1287 out of 1437 companies in the Real Estate industry, placing it in the top 89.6%.
Is Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted PB Ratio too high?
Sedlmayr Grund und Immobilien KGaA's current Cyclically Adjusted PB Ratio of 2.96 is 63% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 2.99 to a high of 10.85. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Sedlmayr Grund und Immobilien KGaA's value of 2.96 is 316.9% above this industry median. Based on the distribution chart, Sedlmayr Grund und Immobilien KGaA ranks #1287 out of 1437 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sedlmayr Grund und Immobilien KGaA has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sedlmayr Grund und Immobilien KGaA's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Sedlmayr Grund und Immobilien KGaA ranks #1287 out of 1437 companies for Cyclically Adjusted PB Ratio. This places Sedlmayr Grund und Immobilien KGaA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. Sedlmayr Grund und Immobilien KGaA's value of 2.96 is 316.9% above this benchmark. Historically, Sedlmayr Grund und Immobilien KGaA's own Cyclically Adjusted PB Ratio has ranged from 2.99 to 10.85 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 0.71, Sedlmayr Grund und Immobilien KGaA 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,437 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. Sedlmayr Grund und Immobilien KGaA's current Cyclically Adjusted PB Ratio of 2.96 is 316.9% 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 Sedlmayr Grund und Immobilien KGaA and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sedlmayr Grund und Immobilien KGaA's current Cyclically Adjusted PB Ratio is 2.96, which is 63% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sedlmayr Grund und Immobilien KGaA stock overvalued right now?
Based on GuruFocus' analysis, Sedlmayr Grund und Immobilien KGaA (FRA:SPB) is currently considered Possible Value Trap. The stock's GF Value™ is €1,624.88, compared to a current price of €1,100.00 — trading 32.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.96, which is 63% below median its 10-year median of 8.00 and 316.9% above the Real Estate industry median of 0.71. Sedlmayr Grund und Immobilien KGaA's overall GF Score™ is 28/100 with 6 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 Sedlmayr Grund und Immobilien KGaA (FRA:SPB), the current Cyclically Adjusted PB Ratio is 2.96 as of Jul. 17, 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 Sedlmayr Grund und Immobilien KGaA (FRA:SPB) Overvalued in 2026?

Based on GuruFocus' analysis, Sedlmayr Grund und Immobilien KGaA stock appears to be undervalued. The current stock price of €1,100.00 is trading 32.3% below its estimated GF Value™ of €1,624.88. GuruFocus considers Sedlmayr Grund und Immobilien KGaA to be Possible Value Trap.

Key valuation signals for FRA:SPB:

  • Cyclically Adjusted PB Ratio: 2.96 (63% below median its 10-year median of 8.00)
  • GF Value™: €1,624.88 vs. price of €1,100.00 (32.3% below fair value)
  • GF Score™: 28/100 with 6 warning signs
  • Industry Position: 316.9% above the Real Estate median (#1287 of 1437)

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


Sedlmayr Grund und Immobilien KGaA Business Description

Other Exchanges SPB:Germany
Address Mars street 46+48, Munich, DEU, 80335
Sedlmayr Grund und Immobilien KGaA operates as a real estate company. It is involved in the management, development, and expansion of its property portfolio which mainly comprises a housing and commercial areas. Its other operations consist of real estate leasing, real estate sales and serviced apartment leasing.
28GF Score

Get the complete analysis for FRA:SPB

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

€1,100.00
Price
€1,624.88
GF Value