Shareholder Value Beteiligungen AG (FRA:SVE) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: 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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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:SVE Shareholder Value Beteiligungen AG FRA:SVE
43 GF Score
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What is Shareholder Value Beteiligungen AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shareholder Value Beteiligungen AG  (FRA:SVE) 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.


Shareholder Value Beteiligungen AG Cyclically Adjusted PB Ratio Related Terms


Shareholder Value Beteiligungen AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shareholder Value Beteiligungen AG'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.

Shareholder Value Beteiligungen AG Cyclically Adjusted PB Ratio Chart

Shareholder Value Beteiligungen AG 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 1.99 1.32 0.86 0.72 0.74

Shareholder Value Beteiligungen AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.81 0.72 0.80 0.75 0.63

FRA:SVE vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Shareholder Value Beteiligungen AG'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.


Shareholder Value Beteiligungen AG Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Shareholder Value Beteiligungen AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shareholder Value Beteiligungen AG's Cyclically Adjusted PB Ratio falls into.


FRA:SVE
43GF Score
Shareholder Value Beteiligungen AG FRA:SVE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shareholder Value Beteiligungen AG 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.

Shareholder Value Beteiligungen AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Shareholder Value Beteiligungen AG's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=101.172/129.3606*129.3606
=101.172

Current CPI (Dec25) = 129.3606.

Shareholder Value Beteiligungen AG Annual Data

Book Value per Share CPI Adj_Book
201612 59.605 101.217 76.178
201712 86.696 102.617 109.290
201812 75.886 104.217 94.194
201912 81.445 105.818 99.565
202012 81.678 105.518 100.134
202112 136.011 110.384 159.394
202212 124.664 119.345 135.126
202312 110.483 123.773 115.471
202412 91.130 127.041 92.794
202512 101.172 129.361 101.172

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.


Shareholder Value Beteiligungen AG Business Description

Other Exchanges SVE:GermanySVE:Germany
Address Neue Mainzer Strasse 1, Frankfurt AM Main, DEU, D – 60311
Shareholder Value Beteiligungen AG is an investment company. Principally, it invests in small and medium-sized companies in Germany. Additionally, it focuses in particular on undervalued companies in special situations.
43GF Score

Get the complete analysis for FRA:SVE

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

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