Investors House Oyj (FRA:W1Q) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:W1Q Investors House Oyj FRA:W1Q
59 GF Score
Price €3.13
GF Value €3.67
! 7 Warning Signs
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What is Investors House Oyj Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Investors House Oyj  (FRA:W1Q) 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.


Investors House Oyj Cyclically Adjusted PB Ratio Related Terms


Investors House Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Investors House Oyj'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.

Investors House Oyj Cyclically Adjusted PB Ratio Chart

Investors House Oyj 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 0.91 0.71 0.71 0.72 0.51

Investors House Oyj 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 0.80 0.75 0.53 0.51 0.58

FRA:W1Q vs : Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Investors House Oyj'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.


Investors House Oyj Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Investors House Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Investors House Oyj's Cyclically Adjusted PB Ratio falls into.


FRA:W1Q
59GF Score
Investors House Oyj FRA:W1Q
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Investors House Oyj 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.

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

For example, Investors House Oyj'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)
=2.745/330.2130*330.2130
=2.745

Current CPI (Mar. 2026) = 330.2130.

Investors House Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.961 241.018 8.167
201609 5.931 241.428 8.112
201612 6.546 241.432 8.953
201703 6.911 243.801 9.361
201706 8.245 244.955 11.115
201709 6.783 246.819 9.075
201712 8.113 246.524 10.867
201803 6.940 249.554 9.183
201806 7.724 251.989 10.122
201809 6.679 252.439 8.737
201812 7.652 251.233 10.058
201903 8.047 254.202 10.453
201906 6.594 256.143 8.501
201909 7.581 256.759 9.750
201912 7.075 256.974 9.091
202003 8.724 258.115 11.161
202006 7.281 257.797 9.326
202009 8.119 260.280 10.300
202012 7.012 260.474 8.889
202103 6.533 264.877 8.144
202106 6.182 271.696 7.513
202109 6.144 274.310 7.396
202112 5.669 278.802 6.714
202203 5.631 287.504 6.467
202206 5.167 296.311 5.758
202209 4.973 296.808 5.533
202212 5.175 296.797 5.758
202303 5.453 301.836 5.966
202306 5.190 305.109 5.617
202309 5.156 307.789 5.532
202312 5.274 306.746 5.677
202403 5.489 312.332 5.803
202406 5.935 314.175 6.238
202409 5.918 315.301 6.198
202412 6.132 315.605 6.416
202503 5.585 319.799 5.767
202506 6.262 322.561 6.411
202509 3.356 324.800 3.412
202512 3.391 324.054 3.455
202603 2.745 330.213 2.745

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 Investors House Oyj (FRA:W1Q) Overvalued in 2026?

Based on GuruFocus' analysis, Investors House Oyj stock appears to be undervalued. The current stock price of €3.13 is trading 14.7% below its estimated GF Value™ of €3.67.

Key valuation signals for FRA:W1Q:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.67 vs. price of €3.13 (14.7% below fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the FRA:W1Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Investors House Oyj Business Description

Comparable Companies
Other Exchanges 0G4W:UKINVEST:Finland
Address C/o Law Office Ilpo Pirila Ky, Antinkatu 12 B, Pori, FIN, 28100
Investors House Oyj operates in the real estate sector. The company is a real estate investment company engaged in direct investment activities and management of real estate.
59GF Score

Get the complete analysis for FRA:W1Q

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

€3.13
Price
€3.67
GF Value