LEGIF (LEG Immobilien SE) Cyclically Adjusted PB Ratio: 0.50 (As of Jul. 09, 2026) — 40% Below Median


LEGIF LEG Immobilien SE LEGIF
70 GF Score
Price $60.15
GF Value $88.17
Valuation Possible Value Trap
! 5 Warning Signs
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What is LEG Immobilien SE Cyclically Adjusted PB Ratio?

LEG Immobilien SE LEGIF 70 Cyclically Adjusted PB Ratio is 0.50 as of Jul. 09, 2026, which is 40% below its 10-year median of 0.83. GuruFocus rates LEGIF with a GF Score™ of 70/100 and a GF Value™ of $88.17 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,439 Real Estate companies, LEG Immobilien SE ranks better than 59.76% on this metric.

As of today (2026-07-09), LEG Immobilien SE's current share price is $60.145. LEG Immobilien SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $120.82. LEG Immobilien SE's Cyclically Adjusted PB Ratio for today is 0.50.

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

LEGIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.83   Max: 2.26
Current: 0.5

During the past years, LEG Immobilien SE's highest Cyclically Adjusted PB Ratio was 2.26. The lowest was 0.50. And the median was 0.83.

LEGIF's Cyclically Adjusted PB Ratio is ranked better than
59.76% of 1439 companies
in the Real Estate industry
Industry Median: 0.71 vs LEGIF: 0.50

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.

LEG Immobilien SE's adjusted book value per share data for the three months ended in Mar. 2026 was $133.069. 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 $120.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LEG Immobilien SE  (OTCPK:LEGIF) 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.


LEG Immobilien SE Cyclically Adjusted PB Ratio Related Terms


LEG Immobilien SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LEG Immobilien 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.

LEG Immobilien SE Cyclically Adjusted PB Ratio Chart

LEG Immobilien 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 1.81 0.76 0.89 0.85 0.60

LEG Immobilien SE 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 0.67 0.76 0.66 0.60 0.53

LEGIF vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, LEG Immobilien 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.


LEG Immobilien SE Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, LEG Immobilien SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LEGIF
70GF Score
LEG Immobilien SE LEGIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LEG Immobilien 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.145/120.82
=0.50

* 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.

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

For example, LEG Immobilien SE'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)
=133.069/131.2583*131.2583
=133.069

Current CPI (Mar. 2026) = 131.2583.

LEG Immobilien SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 50.248 100.717 65.485
201609 50.860 101.017 66.086
201612 56.203 101.217 72.884
201703 57.722 101.417 74.706
201706 64.267 102.117 82.607
201709 68.782 102.717 87.894
201712 75.480 102.617 96.547
201803 80.153 102.917 102.225
201806 78.862 104.017 99.515
201809 78.582 104.718 98.499
201812 84.458 104.217 106.372
201903 82.470 104.217 103.868
201906 87.583 105.718 108.742
201909 87.531 106.018 108.370
201912 93.823 105.818 116.380
202003 94.506 105.718 117.338
202006 105.597 106.618 130.002
202009 107.173 105.818 132.940
202012 122.548 105.518 152.443
202103 120.898 107.518 147.593
202106 128.607 108.486 155.603
202109 132.834 109.435 159.324
202112 136.559 110.384 162.384
202203 135.876 113.968 156.490
202206 139.467 115.760 158.139
202209 132.585 118.818 146.467
202212 128.326 119.345 141.136
202303 131.010 122.402 140.489
202306 116.310 123.140 123.978
202309 115.451 124.195 122.017
202312 108.838 123.773 115.420
202403 108.859 125.038 114.274
202406 103.647 125.882 108.074
202409 108.031 126.198 112.363
202412 102.725 127.041 106.135
202503 109.331 127.779 112.308
202506 116.375 128.412 118.955
202509 128.920 129.255 130.918
202512 133.506 129.361 135.465
202603 133.069 131.258 133.069

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 0.50 mean?
LEG Immobilien SE (LEGIF) has a Cyclically Adjusted PB Ratio of 0.50 as of Jul. 09, 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 LEG Immobilien SE and its competitors. This is 40% below median its historical median of 0.83. Over the past decade, LEG Immobilien SE's Cyclically Adjusted PB Ratio has ranged from 0.50 to 2.26. According to the industry distribution chart, LEG Immobilien SE ranks #579 out of 1439 companies in the Real Estate industry, placing it in the top 40.2%.
Is LEG Immobilien SE's Cyclically Adjusted PB Ratio too high?
LEG Immobilien SE's current Cyclically Adjusted PB Ratio of 0.50 is 40% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 2.26. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. LEG Immobilien SE's value of 0.50 is 29.6% below this industry median. Based on the distribution chart, LEG Immobilien SE ranks #579 out of 1439 companies in the Real Estate industry, which is above the industry midpoint. Overall, LEG Immobilien SE has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does LEG Immobilien SE's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, LEG Immobilien SE ranks #579 out of 1439 companies for Cyclically Adjusted PB Ratio. This puts LEG Immobilien SE in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. LEG Immobilien SE's value of 0.50 is 29.6% below this benchmark. Historically, LEG Immobilien SE's own Cyclically Adjusted PB Ratio has ranged from 0.50 to 2.26 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.71, LEG Immobilien SE 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,439 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. LEG Immobilien SE's current Cyclically Adjusted PB Ratio of 0.50 is 29.6% 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 LEG Immobilien SE and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LEG Immobilien SE's current Cyclically Adjusted PB Ratio is 0.50, which is 40% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LEG Immobilien SE stock overvalued right now?
Based on GuruFocus' analysis, LEG Immobilien SE (LEGIF) is currently considered Possible Value Trap. The stock's GF Value™ is $88.17, compared to a current price of $60.15 — trading 31.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is 40% below median its 10-year median of 0.83 and 29.6% below the Real Estate industry median of 0.71. LEG Immobilien SE's overall GF Score™ is 70/100 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 LEG Immobilien SE (LEGIF), the current Cyclically Adjusted PB Ratio is 0.50 as of Jul. 09, 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 LEG Immobilien SE (LEGIF) Overvalued in 2026?

Based on GuruFocus' analysis, LEG Immobilien SE stock appears to be undervalued. The current stock price of $60.15 is trading 31.8% below its estimated GF Value™ of $88.17. GuruFocus considers LEG Immobilien SE to be Possible Value Trap.

Key valuation signals for LEGIF:

  • Cyclically Adjusted PB Ratio: 0.50 (40% below median its 10-year median of 0.83)
  • GF Value™: $88.17 vs. price of $60.15 (31.8% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 29.6% below the Real Estate median (#579 of 1439)

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


LEG Immobilien SE Business Description

Address Flughafenstrasse 99, Dusseldorf, NW, DEU, 40474
LEG Immobilien SE is a property company that manages its own residential portfolio. The company's property portfolio includes residential units, commercial units and garages and parking spaces. It divides the portfolio into three overarching clusters: high-growth, stable, and higher yielding markets. The company holds properties in North Rhine-Westphalia, Bremen, Schleswig-Holstein, Hesse, and Rhineland-Palatinate.
70GF Score

Get the complete analysis for LEGIF

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

$60.15
Price
$88.17
GF Value