Wendel SE (FRA:WIS) Cyclically Adjusted PB Ratio: 1.26 (As of Jul. 30, 2026) — 25% 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:WIS Wendel SE FRA:WIS
81 GF Score
Price €81.10
GF Value €95.25
! 3 Warning Signs
View Full Analysis

What is Wendel SE Cyclically Adjusted PB Ratio?

Wendel SE FRA:WIS 81 Cyclically Adjusted PB Ratio is 1.26 as of Jul. 30, 2026, which is 25% below its 10-year median of 1.69. GuruFocus rates FRA:WIS with a GF Score™ of 81/100 and a GF Value™ of €95.25. The stock has 3 warning signs investors should review. Among 999 Asset Management companies, Wendel SE ranks worse than 72.47% on this metric.

As of today (2026-07-30), Wendel SE's current share price is €81.10. Wendel SE's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €64.38. Wendel SE's Cyclically Adjusted PB Ratio for today is 1.26.

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

FRA:WIS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 1.69   Max: 2.95
Current: 1.31

During the past 13 years, Wendel SE's highest Cyclically Adjusted PB Ratio was 2.95. The lowest was 1.15. And the median was 1.69.

FRA:WIS's Cyclically Adjusted PB Ratio is ranked worse than
72.47% of 999 companies
in the Asset Management industry
Industry Median: 0.84 vs FRA:WIS: 1.31

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.

Wendel SE's adjusted book value per share data of for the fiscal year that ended in Dec25 was €82.944. 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 €64.38 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wendel SE  (FRA:WIS) 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.


Wendel SE Cyclically Adjusted PB Ratio Related Terms


Wendel SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wendel SE'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.

Wendel SE Cyclically Adjusted PB Ratio Chart

Wendel SE 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 1.87 1.46 1.31 1.46 1.27

Wendel SE Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.31 0.00 1.46 0.00 1.27

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

For the Asset Management subindustry, Wendel SE'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.


Wendel SE Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Wendel SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:WIS
81GF Score
Wendel SE FRA:WIS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wendel SE 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.

Wendel SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=81.10/64.38
=1.26

* 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.

Wendel SE's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Wendel SE'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)
=82.944/120.9000*120.9000
=82.944

Current CPI (Dec25) = 120.9000.

Wendel SE Annual Data

Book Value per Share CPI Adj_Book
201612 49.461 100.650 59.412
201712 47.477 101.850 56.357
201812 47.722 103.470 55.761
201912 55.358 104.980 63.753
202012 45.728 104.960 52.673
202112 59.620 107.850 66.834
202212 64.218 114.160 68.009
202312 61.808 118.390 63.118
202412 75.890 119.950 76.491
202512 82.944 120.900 82.944

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 1.26 mean?
Wendel SE (FRA:WIS) has a Cyclically Adjusted PB Ratio of 1.26 as of Jul. 30, 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 Wendel SE and its competitors. This is 25% below median its historical median of 1.69. Over the past decade, Wendel SE's Cyclically Adjusted PB Ratio has ranged from 1.15 to 2.95. According to the industry distribution chart, Wendel SE ranks #724 out of 999 companies in the Asset Management industry, placing it in the top 72.5%.
Is Wendel SE's Cyclically Adjusted PB Ratio too high?
Wendel SE's current Cyclically Adjusted PB Ratio of 1.26 is 25% below median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 2.95. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Wendel SE's value of 1.26 is 50% above this industry median. Based on the distribution chart, Wendel SE ranks #724 out of 999 companies in the Asset Management industry, which is below the industry midpoint. Overall, Wendel SE has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Wendel SE's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Wendel SE ranks #724 out of 999 companies for Cyclically Adjusted PB Ratio. This places Wendel SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Wendel SE's value of 1.26 is 50% above this benchmark. Historically, Wendel SE's own Cyclically Adjusted PB Ratio has ranged from 1.15 to 2.95 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 0.84, Wendel SE 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 999 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. Wendel SE's current Cyclically Adjusted PB Ratio of 1.26 is 50% 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 Wendel SE and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wendel SE's current Cyclically Adjusted PB Ratio is 1.26, which is 25% below median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wendel SE stock overvalued right now?
Wendel SE (FRA:WIS) has a current Cyclically Adjusted PB Ratio of 1.26. The stock's GF Value™ is €95.25, compared to a current price of €81.10 — trading 14.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.26, which is 25% below median its 10-year median of 1.69 and 50% above the Asset Management industry median of 0.84. Wendel SE's overall GF Score™ is 81/100 with 3 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 Wendel SE (FRA:WIS), the current Cyclically Adjusted PB Ratio is 1.26 as of Jul. 30, 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 Wendel SE (FRA:WIS) Overvalued in 2026?

Based on GuruFocus' analysis, Wendel SE stock appears to be undervalued. The current stock price of €81.10 is trading 14.9% below its estimated GF Value™ of €95.25.

Key valuation signals for FRA:WIS:

  • Cyclically Adjusted PB Ratio: 1.26 (25% below median its 10-year median of 1.69)
  • GF Value™: €95.25 vs. price of €81.10 (14.9% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 50% above the Asset Management median (#724 of 999)

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


Wendel SE Business Description

Address 4 rue Paul-Cezanne, Paris, FRA, 75008
Wendel SE is a long-term, private equity investment firm that focuses on Africa, North America, and Europe. Over a third of the company's outstanding shares are concentrated in family wealth, which shares its name with the company. Its principal investments are in mobile telephone infrastructure, packaging and labels, paints, coatings and finishing products, and security services. It has two operating segments principal investments portfolio and private asset management platform which includes IK Partners - European private equity firm. The principal investments portfolio includes Bureau Veritas, Stahl, Scalian, CPI, ACAMS, Tarkett and Globeducate.
81GF Score

Get the complete analysis for FRA:WIS

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

€81.10
Price
€95.25
GF Value