Yellow Pages (FRA:YMI) Cyclically Adjusted PB Ratio: 2.83 (As of Aug. 06, 2026) — 142% Above Median

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FRA:YMI Yellow Pages Ltd FRA:YMI
78 GF Score
Price €7.85
GF Value €6.31
! 6 Warning Signs
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What is Yellow Pages Cyclically Adjusted PB Ratio?

Yellow Pages FRA:YMI -1.88% 78 Cyclically Adjusted PB Ratio is 2.83 as of Aug. 06, 2026, which is 142% above its 10-year median of 1.17. GuruFocus rates FRA:YMI with a GF Score™ of 78/100 and a GF Value™ of €6.31. The stock has 6 warning signs investors should review. Among 700 Media - Diversified companies, Yellow Pages ranks worse than 83.29% on this metric.

As of today (2026-08-06), Yellow Pages's current share price is €7.85. Yellow Pages's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.77. Yellow Pages's Cyclically Adjusted PB Ratio for today is 2.83.

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

FRA:YMI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 1.17   Max: 3.03
Current: 2.94

During the past years, Yellow Pages's highest Cyclically Adjusted PB Ratio was 3.03. The lowest was 0.38. And the median was 1.17.

FRA:YMI's Cyclically Adjusted PB Ratio is ranked worse than
83.29% of 700 companies
in the Media - Diversified industry
Industry Median: 0.97 vs FRA:YMI: 2.94

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.

Yellow Pages's adjusted book value per share data for the three months ended in Mar. 2026 was €2.782. 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 €2.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yellow Pages  (FRA:YMI) 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.


Yellow Pages Cyclically Adjusted PB Ratio Related Terms


Yellow Pages Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Yellow Pages'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.

Yellow Pages Cyclically Adjusted PB Ratio Chart

Yellow Pages 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 1.31 1.18 1.11 1.48 2.16

Yellow Pages 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 1.45 1.71 1.90 2.16 2.69

FRA:YMI vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Yellow Pages'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.


Yellow Pages Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Yellow Pages's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:YMI
78GF Score
Yellow Pages Ltd FRA:YMI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Yellow Pages 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.

Yellow Pages's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.85/2.77
=2.83

* 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.

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

For example, Yellow Pages'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)
=2.782/132.2623*132.2623
=2.782

Current CPI (Mar. 2026) = 132.2623.

Yellow Pages Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.724 102.002 22.982
201609 17.352 101.765 22.552
201612 9.948 101.449 12.970
201703 9.415 102.634 12.133
201706 8.723 103.029 11.198
201709 8.984 103.345 11.498
201712 -4.711 103.345 -6.029
201803 -4.595 105.004 -5.788
201806 -4.235 105.557 -5.306
201809 -3.412 105.636 -4.272
201812 -2.777 105.399 -3.485
201903 -2.501 106.979 -3.092
201906 -2.252 107.690 -2.766
201909 -1.898 107.611 -2.333
201912 -0.406 107.769 -0.498
202003 0.540 107.927 0.662
202006 0.585 108.401 0.714
202009 0.416 108.164 0.509
202012 0.676 108.559 0.824
202103 1.381 110.298 1.656
202106 1.528 111.720 1.809
202109 1.991 112.905 2.332
202112 2.924 113.774 3.399
202203 3.423 117.646 3.848
202206 3.633 120.806 3.978
202209 4.144 120.648 4.543
202212 2.450 120.964 2.679
202303 2.799 122.702 3.017
202306 3.154 124.203 3.359
202309 3.606 125.230 3.808
202312 2.131 125.072 2.254
202403 2.704 126.258 2.833
202406 3.007 127.522 3.119
202409 3.007 127.285 3.125
202412 2.659 127.364 2.761
202503 2.550 129.181 2.611
202506 2.183 129.892 2.223
202509 2.180 130.287 2.213
202512 2.365 130.366 2.399
202603 2.782 132.262 2.782

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 2.83 mean?
Yellow Pages (FRA:YMI) has a Cyclically Adjusted PB Ratio of 2.83 as of Aug. 06, 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 Yellow Pages and its competitors. This is 142% above median its historical median of 1.17. Over the past decade, Yellow Pages' Cyclically Adjusted PB Ratio has ranged from 0.38 to 3.03. According to the industry distribution chart, Yellow Pages ranks #583 out of 700 companies in the Media - Diversified industry, placing it in the top 83.3%.
Is Yellow Pages' Cyclically Adjusted PB Ratio too high?
Yellow Pages' current Cyclically Adjusted PB Ratio of 2.83 is 142% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 3.03. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.97. Yellow Pages' value of 2.83 is 191.8% above this industry median. Based on the distribution chart, Yellow Pages ranks #583 out of 700 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Yellow Pages has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Yellow Pages' Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Yellow Pages ranks #583 out of 700 companies for Cyclically Adjusted PB Ratio. This places Yellow Pages in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Yellow Pages' value of 2.83 is 191.8% above this benchmark. Historically, Yellow Pages' own Cyclically Adjusted PB Ratio has ranged from 0.38 to 3.03 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 0.97, Yellow Pages 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 a Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.97, based on 700 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. Yellow Pages's current Cyclically Adjusted PB Ratio of 2.83 is 191.8% 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 Yellow Pages and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yellow Pages's current Cyclically Adjusted PB Ratio is 2.83, which is 142% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yellow Pages stock overvalued right now?
Yellow Pages (FRA:YMI) has a current Cyclically Adjusted PB Ratio of 2.83. The stock's GF Value™ is €6.31, compared to a current price of €7.85 — trading 24.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.83, which is 142% above median its 10-year median of 1.17 and 191.8% above the Media - Diversified industry median of 0.97. Yellow Pages' overall GF Score™ is 78/100 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 Yellow Pages (FRA:YMI), the current Cyclically Adjusted PB Ratio is 2.83 as of Aug. 06, 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 Yellow Pages (FRA:YMI) Overvalued in 2026?

Based on GuruFocus' analysis, Yellow Pages stock appears to be overvalued. The current stock price of €7.85 is trading 24.4% above its estimated GF Value™ of €6.31.

Key valuation signals for FRA:YMI:

  • Cyclically Adjusted PB Ratio: 2.83 (142% above median its 10-year median of 1.17)
  • GF Value™: €6.31 vs. price of €7.85 (24.4% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 191.8% above the Media - Diversified median (#583 of 700)

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


Yellow Pages Business Description

Other Exchanges YLWDF:USAY:Canada
Address 1751 Richardson Street, Suite 8.300, Montreal, QC, CAN, H3K 1G6
Yellow Pages Ltd is a media and marketing solutions company in Canada. It offers local and national businesses access to digital and print media and marketing solutions to reach consumers in all the provinces and territories of Canada.
78GF Score

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

€7.85
Price
€6.31
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