Nexity (LTS:0KB3) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 18, 2026) — Near Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

LTS:0KB3 Nexity SA LTS:0KB3
63 GF Score
Price €7.77
GF Value €10.03
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Nexity Cyclically Adjusted PB Ratio?

Nexity LTS:0KB3 +0.13% 63 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 18, 2026, which is 9% below its 10-year median of 0.23. GuruFocus rates LTS:0KB3 with a GF Score™ of 63/100 and a GF Value™ of €10.03 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,437 Real Estate companies, Nexity ranks better than 82.12% on this metric.

As of today (2026-07-18), Nexity's current share price is €7.7725. Nexity's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €36.47. Nexity's Cyclically Adjusted PB Ratio for today is 0.21.

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

LTS:0KB3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.23   Max: 0.26
Current: 0.21

During the past years, Nexity's highest Cyclically Adjusted PB Ratio was 0.26. The lowest was 0.21. And the median was 0.23.

LTS:0KB3's Cyclically Adjusted PB Ratio is ranked better than
82.12% of 1437 companies
in the Real Estate industry
Industry Median: 0.71 vs LTS:0KB3: 0.21

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.

Nexity's adjusted book value per share data for the three months ended in Dec. 2025 was €28.895. 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 €36.47 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nexity  (LTS:0KB3) 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.


Nexity Cyclically Adjusted PB Ratio Related Terms


Nexity Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nexity'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.

Nexity Cyclically Adjusted PB Ratio Chart

Nexity 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 0.00 0.00 0.00 0.00 0.24

Nexity Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 0.00 0.00 0.00 0.24

LTS:0KB3 vs JOE: Cyclically Adjusted PB Ratio Comparison

For the Real Estate - Diversified subindustry, Nexity'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.


Nexity Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


LTS:0KB3
63GF Score
Nexity SA LTS:0KB3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nexity 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.

Nexity's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.7725/36.47
=0.21

* 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.

Nexity's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Nexity's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=28.895/120.9000*120.9000
=28.895

Current CPI (Dec. 2025) = 120.9000.

Nexity Quarterly Data

Book Value per Share CPI Adj_Book
200512 13.530 88.390 18.506
200612 18.679 89.710 25.173
200712 39.991 92.030 52.536
200812 38.099 92.950 49.555
200912 35.299 93.800 45.497
201006 34.679 94.910 44.175
201012 40.194 95.450 50.911
201106 40.357 96.910 50.347
201112 31.659 97.800 39.137
201206 30.447 98.780 37.265
201212 30.359 99.100 37.037
201306 29.071 99.700 35.253
201312 30.089 99.800 36.451
201406 28.768 100.180 34.718
201412 28.769 99.860 34.830
201506 27.818 100.440 33.485
201512 29.141 100.040 35.217
201606 27.389 100.630 32.906
201612 28.997 100.650 34.831
201706 27.819 101.320 33.195
201712 29.740 101.850 35.303
201806 29.619 103.370 34.642
201812 31.576 103.470 36.895
201906 29.734 104.580 34.374
201912 31.458 104.980 36.229
202006 29.940 104.790 34.543
202012 31.210 104.960 35.950
202106 34.288 106.340 38.983
202112 34.946 107.850 39.175
202206 33.415 112.550 35.894
202212 35.556 114.160 37.655
202306 33.343 117.650 34.264
202312 33.948 118.390 34.668
202403 0.000 119.470 0.000
202406 34.752 120.200 34.954
202412 32.482 119.950 32.739
202503 0.000 120.380 0.000
202506 31.614 121.360 31.494
202509 0.000 120.950 0.000
202512 28.895 120.900 28.895

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 0.21 mean?
Nexity (LTS:0KB3) has a Cyclically Adjusted PB Ratio of 0.21 as of Jul. 18, 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 Nexity and its competitors. This is near median its historical median of 0.23. Over the past decade, Nexity's Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.26. According to the industry distribution chart, Nexity ranks #257 out of 1437 companies in the Real Estate industry, placing it in the top 17.9%.
Is Nexity's Cyclically Adjusted PB Ratio too high?
Nexity's current Cyclically Adjusted PB Ratio of 0.21 is near median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.26. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Nexity's value of 0.21 is 70.4% below this industry median. Based on the distribution chart, Nexity ranks #257 out of 1437 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Nexity has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nexity's Cyclically Adjusted PB Ratio compare to JOE?
According to the Real Estate industry distribution chart, Nexity ranks #257 out of 1437 companies for Cyclically Adjusted PB Ratio. This places Nexity in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.71. Nexity's value of 0.21 is 70.4% below this benchmark. Historically, Nexity's own Cyclically Adjusted PB Ratio has ranged from 0.21 to 0.26 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.71, Nexity 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 1,437 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. Nexity's current Cyclically Adjusted PB Ratio of 0.21 is 70.4% 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 Nexity 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. Nexity's current Cyclically Adjusted PB Ratio is 0.21, which is near median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexity stock overvalued right now?
Based on GuruFocus' analysis, Nexity (LTS:0KB3) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.03, compared to a current price of €7.77 — trading 22.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is near median its 10-year median of 0.23 and 70.4% below the Real Estate industry median of 0.71. Nexity's overall GF Score™ is 63/100 with 4 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 Nexity (LTS:0KB3), the current Cyclically Adjusted PB Ratio is 0.21 as of Jul. 18, 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 Nexity (LTS:0KB3) Overvalued in 2026?

Based on GuruFocus' analysis, Nexity stock appears to be undervalued. The current stock price of €7.77 is trading 22.5% below its estimated GF Value™ of €10.03. GuruFocus considers Nexity to be Modestly Undervalued.

Key valuation signals for LTS:0KB3:

  • Cyclically Adjusted PB Ratio: 0.21 (near median its 10-year median of 0.23)
  • GF Value™: €10.03 vs. price of €7.77 (22.5% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 70.4% below the Real Estate median (#257 of 1437)

No single metric tells the full story. See the LTS:0KB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nexity Business Description

Address 1, terrasse Bellini, South Esplanade, TSA 48200, Paris La Defense cedex, FRA, 92919
Nexity SA is a fully integrated real estate company with operations in residential real estate, commercial real estate, real estate services, distribution networks, client relations and urban projects. Its business is divided into Residential real estate, commercial real estate, Services and Networks and Other Activities segments. The firm serves to individuals, companies, and investors. It mainly operates in France.
63GF Score

Get the complete analysis for LTS:0KB3

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

€7.77
Price
€10.03
GF Value