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.
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.
NextensaLTS:0NUT 83 Cyclically Adjusted PB Ratio is 0.50 as of Jul. 27, 2026. GuruFocus rates LTS:0NUT with a GF Score™ of 83/100 and a GF Value™ of €39.15 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 555 REITs companies, Nextensa ranks better than 72.43% on this metric.
The historical rank and industry rank for Nextensa's Cyclically Adjusted PB Ratio or its related term are showing as below:
LTS:0NUT'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.51
Current: 0.51
During the past years, Nextensa's highest Cyclically Adjusted PB Ratio was 0.51. The lowest was 0.00. And the median was 0.00.
LTS:0NUT's Cyclically Adjusted PB Ratio is ranked better than 72.43% of 555
companies
in the REITs industry
Industry Median: 0.81
vs LTS:0NUT: 0.51
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.
Nextensa's adjusted book value per share data for the three months ended in Dec. 2025 was €83.682. 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 €90.88 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nextensa (LTS:0NUT) 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.
Nextensa Cyclically Adjusted PB Ratio Related Terms
Nextensa Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Nextensa'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.
LTS:0NUT vs VICI, WPC, BNL: Cyclically Adjusted PB Ratio Comparison
For the REIT - Diversified subindustry, Nextensa'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.
Nextensa Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Nextensa's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Nextensa's Cyclically Adjusted PB Ratio falls into.
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.
Nextensa's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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?
Nextensa (LTS:0NUT) has a Cyclically Adjusted PB Ratio of 0.50 as of Jul. 27, 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 Nextensa and its competitors. According to the industry distribution chart, Nextensa ranks #153 out of 555 companies in the REITs industry, placing it in the top 27.6%.
Is Nextensa's Cyclically Adjusted PB Ratio too high?
Nextensa's current Cyclically Adjusted PB Ratio is 0.50. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Nextensa's value of 0.50 is 38.3% below this industry median. Based on the distribution chart, Nextensa ranks #153 out of 555 companies in the REITs industry, which is above the industry midpoint. Overall, Nextensa has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nextensa's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Nextensa ranks #153 out of 555 companies for Cyclically Adjusted PB Ratio. This puts Nextensa in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Nextensa's value of 0.50 is 38.3% below this benchmark. 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.81, based on 555 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. Nextensa's current Cyclically Adjusted PB Ratio of 0.50 is 38.3% 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 Nextensa and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nextensa's current Cyclically Adjusted PB Ratio is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nextensa stock overvalued right now?
Based on GuruFocus' analysis, Nextensa (LTS:0NUT) is currently considered Modestly Overvalued. The stock's GF Value™ is €39.15, compared to a current price of €45.80 — trading 17% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50 and 38.3% below the REITs industry median of 0.81. Nextensa's overall GF Score™ is 83/100 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 Nextensa (LTS:0NUT), the current Cyclically Adjusted PB Ratio is 0.50 as of Jul. 27, 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 Nextensa (LTS:0NUT) Overvalued in 2026?
Based on GuruFocus' analysis, Nextensa stock appears to be overvalued.
The current stock price of €45.80 is trading 17% above its estimated GF Value™ of €39.15.
GuruFocus considers Nextensa to be Modestly Overvalued.
Key valuation signals for LTS:0NUT:
Cyclically Adjusted PB Ratio: 0.50
GF Value™: €39.15 vs. price of €45.80 (17% above fair value)
Industry Position: 38.3% below the REITs median (#153 of 555)
No single metric tells the full story. See the LTS:0NUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nextensa SA operates as a real estate investment trust. It operates as a real estate investor and developer, managing an investment portfolio of real estate assets across Belgium, Austria, and Luxembourg. The company's portfolio mainly comprises offices, retail, semi-industrial, and logistics properties. Nextensa NV is composed of three operational segments, namely investment, development, and corporate. These segments are divided into sub-segments, namely Belgium, the Grand Duchy of Luxembourg, and Austria for the investment segment, and Belgium, Luxembourg, and other countries for the development segment. The company generates maximum revenue from Belgium in the form of rental income from investment properties.
83GF Score
Get the complete analysis for LTS:0NUT
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0NUT has been successfully added to your 
