Nemetschek SE (LTS:0FDT) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

LTS:0FDT Nemetschek SE LTS:0FDT
86 GF Score
Price €58.20
GF Value €128.15
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Nemetschek SE Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nemetschek SE  (LTS:0FDT) 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.


Nemetschek SE Cyclically Adjusted PB Ratio Related Terms


Nemetschek SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nemetschek 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.

Nemetschek SE Cyclically Adjusted PB Ratio Chart

Nemetschek 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 54.35 17.81 24.05 23.85 20.24

Nemetschek SE 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 28.91 25.03 20.24 13.21 0.00

LTS:0FDT vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Nemetschek 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.


Nemetschek SE Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Nemetschek SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0FDT
86GF Score
Nemetschek SE LTS:0FDT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nemetschek 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.

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

For example, Nemetschek SE'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)
=8.825/131.3638*131.3638
=8.825

Current CPI (Jun. 2026) = 131.3638.

Nemetschek SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.561 101.017 2.030
201612 1.726 101.217 2.240
201703 1.827 101.417 2.366
201706 1.626 102.117 2.092
201709 1.711 102.717 2.188
201712 1.952 102.617 2.499
201803 2.066 102.917 2.637
201806 2.026 104.017 2.559
201809 1.963 104.718 2.463
201812 2.160 104.217 2.723
201903 2.362 104.217 2.977
201906 2.258 105.718 2.806
201909 2.781 106.018 3.446
201912 3.017 105.818 3.745
202003 3.061 105.718 3.804
202006 2.925 106.618 3.604
202009 3.030 105.818 3.761
202012 3.497 105.518 4.354
202103 3.871 107.518 4.730
202106 3.837 108.486 4.646
202109 4.178 109.435 5.015
202112 4.553 110.384 5.418
202203 4.985 113.968 5.746
202206 5.115 115.760 5.804
202209 5.597 118.818 6.188
202212 5.656 119.345 6.226
202303 5.911 122.402 6.344
202306 5.744 123.140 6.128
202309 6.225 124.195 6.584
202312 6.464 123.773 6.860
202403 6.880 125.038 7.228
202406 6.821 125.882 7.118
202409 6.760 126.198 7.037
202412 7.848 127.041 8.115
202503 7.775 127.779 7.993
202506 7.024 128.412 7.185
202509 7.483 129.255 7.605
202512 8.044 129.361 8.169
202603 8.779 131.258 8.786
202606 8.825 131.364 8.825

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 Nemetschek SE (LTS:0FDT) Overvalued in 2026?

Based on GuruFocus' analysis, Nemetschek SE stock appears to be undervalued. The current stock price of €58.20 is trading 54.6% below its estimated GF Value™ of €128.15. GuruFocus considers Nemetschek SE to be Significantly Undervalued.

Key valuation signals for LTS:0FDT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €128.15 vs. price of €58.20 (54.6% below fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the LTS:0FDT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nemetschek SE Business Description

Address Konrad-Zuse-Platz 1, Munich, BY, DEU, 81829
Nemetschek is a German company that makes software products for the architecture, engineering, and construction industry, mainly, but also for the media and entertainment industry. Its software solutions cover the entire life cycle of building and infrastructure projects (design, build, and manage). In media and entertainment, it is one of the world's leading providers of software for the creation of 3D animation and visual effects in movies, TV shows, and gaming.
86GF Score

Get the complete analysis for LTS:0FDT

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

€58.20
Price
€128.15
GF Value