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Workspace GroupFRA:WRX1 61 Cyclically Adjusted PB Ratio is 0.32 as of Aug. 11, 2026, which is 60% below its 10-year median of 0.80. GuruFocus rates FRA:WRX1 with a GF Score™ of 61/100 and a GF Value™ of €4.86. The stock has 5 warning signs investors should review. Among 554 REITs companies, Workspace Group ranks better than 84.66% on this metric.
The historical rank and industry rank for Workspace Group's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:WRX1'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.8 Max: 1.96
Current: 0.32
During the past 13 years, Workspace Group's highest Cyclically Adjusted PB Ratio was 1.96. The lowest was 0.28. And the median was 0.80.
FRA:WRX1's Cyclically Adjusted PB Ratio is ranked better than 84.66% of 554
companies
in the REITs industry
Industry Median: 0.815
vs FRA:WRX1: 0.32
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.
Workspace Group's adjusted book value per share data of for the fiscal year that ended in Mar26 was €7.966. 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 €12.79 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Workspace Group (FRA:WRX1) 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.
Workspace Group Cyclically Adjusted PB Ratio Related Terms
Workspace Group Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Workspace Group'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.
Workspace Group Cyclically Adjusted PB Ratio Chart
FRA:WRX1 vs BXP, ARE, VNO: Cyclically Adjusted PB Ratio Comparison
For the REIT - Office subindustry, Workspace Group'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.
Workspace Group Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Workspace Group's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Workspace Group's Cyclically Adjusted PB Ratio falls into.
Workspace Group 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.
Workspace Group's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.32 mean?
Workspace Group (FRA:WRX1) has a Cyclically Adjusted PB Ratio of 0.32 as of Aug. 11, 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 Workspace Group and its competitors. This is 60% below median its historical median of 0.80. Over the past decade, Workspace Group's Cyclically Adjusted PB Ratio has ranged from 0.28 to 1.96. According to the industry distribution chart, Workspace Group ranks #85 out of 554 companies in the REITs industry, placing it in the top 15.3%.
Is Workspace Group's Cyclically Adjusted PB Ratio too high?
Workspace Group's current Cyclically Adjusted PB Ratio of 0.32 is 60% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.96. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. Workspace Group's value of 0.32 is 60.7% below this industry median. Based on the distribution chart, Workspace Group ranks #85 out of 554 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Workspace Group has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Workspace Group's Cyclically Adjusted PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Workspace Group ranks #85 out of 554 companies for Cyclically Adjusted PB Ratio. This places Workspace Group in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.82. Workspace Group's value of 0.32 is 60.7% below this benchmark. Historically, Workspace Group's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 1.96 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 0.82, Workspace Group 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.82, based on 554 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. Workspace Group's current Cyclically Adjusted PB Ratio of 0.32 is 60.7% 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 Workspace Group and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Workspace Group's current Cyclically Adjusted PB Ratio is 0.32, which is 60% 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 Workspace Group stock overvalued right now?
Workspace Group (FRA:WRX1) has a current Cyclically Adjusted PB Ratio of 0.32. The stock's GF Value™ is €4.86, compared to a current price of €4.12 — trading 15.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 60% below median its 10-year median of 0.80 and 60.7% below the REITs industry median of 0.82. Workspace Group's overall GF Score™ is 61/100 with 5 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 Workspace Group (FRA:WRX1), the current Cyclically Adjusted PB Ratio is 0.32 as of Aug. 11, 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 Workspace Group (FRA:WRX1) Overvalued in 2026?
Based on GuruFocus' analysis, Workspace Group stock appears to be undervalued.
The current stock price of €4.12 is trading 15.2% below its estimated GF Value™ of €4.86.
Key valuation signals for FRA:WRX1:
Cyclically Adjusted PB Ratio: 0.32 (60% below median its 10-year median of 0.80)
GF Value™: €4.86 vs. price of €4.12 (15.2% below fair value)
Industry Position: 60.7% below the REITs median (#85 of 554)
No single metric tells the full story. See the FRA:WRX1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.
61GF Score
Get the complete analysis for FRA:WRX1
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