Array Digital Infrastructure (FRA:US7) Cyclically Adjusted PB Ratio: 0.61 (As of Jul. 22, 2026) — 24% 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:US7 Array Digital Infrastructure Inc FRA:US7
64 GF Score
Price €30.00
GF Value €55.91
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Array Digital Infrastructure Cyclically Adjusted PB Ratio?

Array Digital Infrastructure FRA:US7 -0.66% 64 Cyclically Adjusted PB Ratio is 0.61 as of Jul. 22, 2026, which is 24% below its 10-year median of 0.80. GuruFocus rates FRA:US7 with a GF Score™ of 64/100 and a GF Value™ of €55.91 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 289 Telecommunication Services companies, Array Digital Infrastructure ranks better than 82.35% on this metric.

As of today (2026-07-22), Array Digital Infrastructure's current share price is €30.00. Array Digital Infrastructure's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €49.41. Array Digital Infrastructure's Cyclically Adjusted PB Ratio for today is 0.61.

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

FRA:US7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.8   Max: 1.29
Current: 0.59

During the past years, Array Digital Infrastructure's highest Cyclically Adjusted PB Ratio was 1.29. The lowest was 0.26. And the median was 0.80.

FRA:US7's Cyclically Adjusted PB Ratio is ranked better than
82.35% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs FRA:US7: 0.59

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.

Array Digital Infrastructure's adjusted book value per share data for the three months ended in Mar. 2026 was €18.601. 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 €49.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Array Digital Infrastructure  (FRA:US7) 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.


Array Digital Infrastructure Cyclically Adjusted PB Ratio Related Terms


Array Digital Infrastructure Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Array Digital Infrastructure'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.

Array Digital Infrastructure Cyclically Adjusted PB Ratio Chart

Array Digital Infrastructure 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 0.62 0.39 0.75 1.09 0.93

Array Digital Infrastructure 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 1.19 1.09 0.86 0.93 0.80

FRA:US7 vs KYIV, LBTYA, TDS: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Array Digital Infrastructure'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.


Array Digital Infrastructure Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Array Digital Infrastructure's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Array Digital Infrastructure's Cyclically Adjusted PB Ratio falls into.


FRA:US7
64GF Score
Array Digital Infrastructure Inc FRA:US7
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Array Digital Infrastructure 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.

Array Digital Infrastructure's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.00/49.41
=0.61

* 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.

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

For example, Array Digital Infrastructure'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)
=18.601/330.2130*330.2130
=18.601

Current CPI (Mar. 2026) = 330.2130.

Array Digital Infrastructure Quarterly Data

Book Value per Share CPI Adj_Book
201606 37.895 241.018 51.919
201609 38.185 241.428 52.228
201612 40.530 241.432 55.434
201703 40.425 243.801 54.753
201706 38.543 244.955 51.958
201709 33.462 246.819 44.768
201712 36.554 246.524 48.963
201803 37.182 249.554 49.200
201806 39.623 251.989 51.923
201809 40.049 252.439 52.388
201812 41.466 251.233 54.502
201903 42.234 254.202 54.863
201906 42.470 256.143 54.751
201909 43.973 256.759 56.553
201912 43.922 256.974 56.440
202003 45.078 258.115 57.669
202006 44.650 257.797 57.192
202009 43.528 260.280 55.223
202012 42.161 260.474 53.449
202103 43.680 264.877 54.454
202106 43.090 271.696 52.371
202109 44.601 274.310 53.690
202112 46.792 278.802 55.420
202203 48.744 287.504 55.985
202206 50.946 296.311 56.775
202209 54.386 296.808 60.507
202212 50.576 296.797 56.270
202303 50.361 301.836 55.096
202306 49.499 305.109 53.572
202309 50.741 307.789 54.438
202312 49.906 306.746 53.724
202403 50.416 312.332 53.302
202406 50.506 314.175 53.084
202409 48.001 315.301 50.271
202412 51.364 315.605 53.741
202503 49.879 319.799 51.503
202506 46.371 322.561 47.471
202509 24.953 324.800 25.369
202512 25.385 324.054 25.867
202603 18.601 330.213 18.601

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 0.61 mean?
Array Digital Infrastructure (FRA:US7) has a Cyclically Adjusted PB Ratio of 0.61 as of Jul. 22, 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 Array Digital Infrastructure and its competitors. This is 24% below median its historical median of 0.80. Over the past decade, Array Digital Infrastructure's Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.29. According to the industry distribution chart, Array Digital Infrastructure ranks #51 out of 289 companies in the Telecommunication Services industry, placing it in the top 17.6%.
Is Array Digital Infrastructure's Cyclically Adjusted PB Ratio too high?
Array Digital Infrastructure's current Cyclically Adjusted PB Ratio of 0.61 is 24% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.29. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. Array Digital Infrastructure's value of 0.61 is 65.9% below this industry median. Based on the distribution chart, Array Digital Infrastructure ranks #51 out of 289 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Array Digital Infrastructure has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array Digital Infrastructure's Cyclically Adjusted PB Ratio compare to KYIV and LBTYA?
According to the Telecommunication Services industry distribution chart, Array Digital Infrastructure ranks #51 out of 289 companies for Cyclically Adjusted PB Ratio. This places Array Digital Infrastructure in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.79. Array Digital Infrastructure's value of 0.61 is 65.9% below this benchmark. Historically, Array Digital Infrastructure's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.29 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.79, Array Digital Infrastructure has consistently been below 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.79, based on 289 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. Array Digital Infrastructure's current Cyclically Adjusted PB Ratio of 0.61 is 65.9% below 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 Array Digital Infrastructure and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Array Digital Infrastructure's current Cyclically Adjusted PB Ratio is 0.61, which is 24% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Digital Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Array Digital Infrastructure (FRA:US7) is currently considered Possible Value Trap. The stock's GF Value™ is €55.91, compared to a current price of €30.00 — trading 46.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.61, which is 24% below median its 10-year median of 0.80 and 65.9% below the Telecommunication Services industry median of 1.79. Array Digital Infrastructure's overall GF Score™ is 64/100 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 Array Digital Infrastructure (FRA:US7), the current Cyclically Adjusted PB Ratio is 0.61 as of Jul. 22, 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 Array Digital Infrastructure (FRA:US7) Overvalued in 2026?

Based on GuruFocus' analysis, Array Digital Infrastructure stock appears to be undervalued. The current stock price of €30.00 is trading 46.3% below its estimated GF Value™ of €55.91. GuruFocus considers Array Digital Infrastructure to be Possible Value Trap.

Key valuation signals for FRA:US7:

  • Cyclically Adjusted PB Ratio: 0.61 (24% below median its 10-year median of 0.80)
  • GF Value™: €55.91 vs. price of €30.00 (46.3% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 65.9% below the Telecommunication Services median (#51 of 289)

No single metric tells the full story. See the FRA:US7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Array Digital Infrastructure Business Description

Other Exchanges AD:USAUS7:Germany
Address 500 West Madison Street, Suite 810, Chicago, IL, USA, 60661
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations, as well as other smaller wireless partnership interests in Oklahoma and upstate New York. The firm still operates a portfolio of about 4,400 wireless towers. Parent TDS has proposed to acquire the portion of Array that it doesn't already own in an all-stock transaction.
64GF Score

Get the complete analysis for FRA:US7

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

€30.00
Price
€55.91
GF Value