GLRE (Greenlight Capital Re) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.
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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.

GLRE Greenlight Capital Re Ltd GLRE
62 GF Score
Price $15.03
GF Value $15.75
Valuation Fairly Valued
! 4 Warning Signs
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What is Greenlight Capital Re Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Greenlight Capital Re  (NAS:GLRE) 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.


Greenlight Capital Re Cyclically Adjusted PB Ratio Related Terms


Greenlight Capital Re Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Greenlight Capital Re'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.

Greenlight Capital Re Cyclically Adjusted PB Ratio Chart

Greenlight Capital Re 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 0.33 0.34 0.51 0.68 0.72

Greenlight Capital Re Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.69 0.62 0.72 0.85 0.80

GLRE vs KG, OXBR, RGA: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Reinsurance subindustry, Greenlight Capital Re'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.


Greenlight Capital Re Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Greenlight Capital Re's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Greenlight Capital Re's Cyclically Adjusted PB Ratio falls into.


GLRE
62GF Score
Greenlight Capital Re Ltd GLRE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Greenlight Capital Re 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.

Greenlight Capital Re's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Greenlight Capital Re's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=21.218/333.9520*333.9520
=21.218

Current CPI (Jun. 2026) = 333.9520.

Greenlight Capital Re Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.446 241.428 31.048
201612 23.863 241.432 33.008
201703 24.070 243.801 32.970
201706 23.119 244.955 31.519
201709 23.715 246.819 32.087
201712 22.790 246.524 30.872
201803 18.844 249.554 25.217
201806 17.856 251.989 23.664
201809 15.776 252.439 20.870
201812 13.178 251.233 17.517
201903 13.190 254.202 17.328
201906 13.610 256.143 17.744
201909 13.693 256.759 17.810
201912 12.899 256.974 16.763
202003 11.671 258.115 15.100
202006 11.852 257.797 15.353
202009 12.069 260.280 15.485
202012 13.468 260.474 17.267
202103 13.547 264.877 17.080
202106 13.661 271.696 16.791
202109 13.311 274.310 16.205
202112 14.054 278.802 16.834
202203 13.491 287.504 15.671
202206 13.948 296.311 15.720
202209 13.409 296.808 15.087
202212 14.447 296.797 16.256
202303 14.464 301.836 16.003
202306 15.908 305.109 17.412
202309 16.296 307.789 17.681
202312 16.869 306.746 18.365
202403 17.679 312.332 18.903
202406 17.950 314.175 19.080
202409 19.046 315.301 20.173
202412 18.256 315.605 19.317
202503 19.296 319.799 20.150
202506 19.396 322.561 20.081
202509 19.323 324.800 19.867
202512 20.886 324.054 21.524
202603 22.003 330.213 22.252
202606 21.218 333.952 21.218

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 Greenlight Capital Re (GLRE) Overvalued in 2026?

Based on GuruFocus' analysis, Greenlight Capital Re stock appears to be undervalued. The current stock price of $15.03 is trading 4.6% below its estimated GF Value™ of $15.75. GuruFocus considers Greenlight Capital Re to be Fairly Valued.

Key valuation signals for GLRE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $15.75 vs. price of $15.03 (4.6% below fair value)
  • GF Score™: 62/100 with 4 warning signs

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


Greenlight Capital Re Business Description

Other Exchanges G8L:Germany
Address 65 Market Street, Suite 1207, Jasmine Court, P.O. Box 31110, Camana Bay, Grand Cayman, CYM, KY1-1205
Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed and income from investments.
62GF Score

Get the complete analysis for GLRE

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

$15.03
Price
$15.75
GF Value