CPI Property Group (LTS:0NWQ) Cyclically Adjusted PB Ratio: 1.10 (As of Sep. 17, 2026) — 10% Above 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:0NWQ CPI Property Group SA LTS:0NWQ
17 GF Score
Price €0.75
GF Value €0.72
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is CPI Property Group Cyclically Adjusted PB Ratio?

CPI Property Group LTS:0NWQ 17 Cyclically Adjusted PB Ratio is 1.10 as of Sep. 17, 2026, which is 10% above its 10-year median of 1.00. GuruFocus rates LTS:0NWQ with a GF Score™ of 17/100 and a GF Value™ of €0.72 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,300 Real Estate companies, CPI Property Group ranks worse than 63.38% on this metric.

As of today (2026-09-17), CPI Property Group's current share price is €0.75. CPI Property Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.68. CPI Property Group's Cyclically Adjusted PB Ratio for today is 1.10.

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

LTS:0NWQ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1   Max: 1.41
Current: 0.96

During the past years, CPI Property Group's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 0.56. And the median was 1.00.

LTS:0NWQ's Cyclically Adjusted PB Ratio is ranked worse than
63.38% of 1300 companies
in the Real Estate industry
Industry Median: 0.66 vs LTS:0NWQ: 0.96

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.

CPI Property Group's adjusted book value per share data for the three months ended in Jun. 2026 was €0.727. 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 €0.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CPI Property Group  (LTS:0NWQ) 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.


CPI Property Group Cyclically Adjusted PB Ratio Related Terms


CPI Property Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CPI Property Group'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.

CPI Property Group Cyclically Adjusted PB Ratio Chart

CPI Property Group 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 0.77 1.08 1.47 1.19 1.20

CPI Property Group 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 1.30 1.21 1.20 1.08 1.07

LTS:0NWQ vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, CPI Property Group'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.


CPI Property Group Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


LTS:0NWQ
17GF Score
CPI Property Group SA LTS:0NWQ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CPI Property Group 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.

CPI Property Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.75/0.681
=1.10

* 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.

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

For example, CPI Property Group'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)
=0.727/128.6000*128.6000
=0.727

Current CPI (Jun. 2026) = 128.6000.

CPI Property Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.274 100.660 0.350
201612 0.297 101.040 0.378
201703 0.298 101.780 0.377
201706 0.316 102.170 0.398
201709 0.320 102.520 0.401
201712 0.359 102.410 0.451
201803 0.354 102.900 0.442
201806 0.380 103.650 0.471
201809 0.385 104.580 0.473
201812 0.436 104.320 0.537
201903 0.438 105.140 0.536
201906 0.456 105.550 0.556
201909 0.467 105.900 0.567
201912 0.526 106.080 0.638
202003 0.512 106.040 0.621
202006 0.502 106.340 0.607
202009 0.479 106.620 0.578
202012 0.530 106.670 0.639
202103 0.491 108.140 0.584
202106 0.565 108.680 0.669
202109 0.570 109.470 0.670
202112 0.688 111.090 0.796
202203 0.906 114.780 1.015
202206 0.992 116.750 1.093
202209 0.929 117.000 1.021
202212 0.889 117.060 0.977
202303 0.899 118.910 0.972
202306 0.879 120.460 0.938
202309 0.880 121.740 0.930
202312 0.794 121.170 0.843
202403 0.748 122.590 0.785
202406 0.802 123.120 0.838
202409 0.757 123.300 0.790
202412 0.768 122.430 0.807
202503 0.770 124.210 0.797
202506 0.770 125.820 0.787
202509 0.715 126.570 0.726
202512 0.727 126.180 0.741
202603 0.708 127.160 0.716
202606 0.727 128.600 0.727

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 1.10 mean?
CPI Property Group (LTS:0NWQ) has a Cyclically Adjusted PB Ratio of 1.10 as of Sep. 17, 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 CPI Property Group and its competitors. This is 10% above median its historical median of 1.00. Over the past decade, CPI Property Group's Cyclically Adjusted PB Ratio has ranged from 0.56 to 1.41. According to the industry distribution chart, CPI Property Group ranks #824 out of 1300 companies in the Real Estate industry, placing it in the top 63.4%.
Is CPI Property Group's Cyclically Adjusted PB Ratio too high?
CPI Property Group's current Cyclically Adjusted PB Ratio of 1.10 is 10% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.41. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. CPI Property Group's value of 1.10 is 66.7% above this industry median. Based on the distribution chart, CPI Property Group ranks #824 out of 1300 companies in the Real Estate industry, which is below the industry midpoint. Overall, CPI Property Group has a GF Score™ of 17/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CPI Property Group's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, CPI Property Group ranks #824 out of 1300 companies for Cyclically Adjusted PB Ratio. This places CPI Property Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.66. CPI Property Group's value of 1.10 is 66.7% above this benchmark. Historically, CPI Property Group's own Cyclically Adjusted PB Ratio has ranged from 0.56 to 1.41 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.66, CPI Property Group has consistently been above 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 0.66, based on 1,300 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. CPI Property Group's current Cyclically Adjusted PB Ratio of 1.10 is 66.7% above 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 CPI Property Group and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CPI Property Group's current Cyclically Adjusted PB Ratio is 1.10, which is 10% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPI Property Group stock overvalued right now?
Based on GuruFocus' analysis, CPI Property Group (LTS:0NWQ) is currently considered Fairly Valued. The stock's GF Value™ is €0.72, compared to a current price of €0.75 — trading 4.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is 10% above median its 10-year median of 1.00 and 66.7% above the Real Estate industry median of 0.66. CPI Property Group's overall GF Score™ is 17/100 with 7 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 CPI Property Group (LTS:0NWQ), the current Cyclically Adjusted PB Ratio is 1.10 as of Sep. 17, 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 CPI Property Group (LTS:0NWQ) Overvalued in 2026?

Based on GuruFocus' analysis, CPI Property Group stock appears to be overvalued. The current stock price of €0.75 is trading 4.2% above its estimated GF Value™ of €0.72. GuruFocus considers CPI Property Group to be Fairly Valued.

Key valuation signals for LTS:0NWQ:

  • Cyclically Adjusted PB Ratio: 1.10 (10% above median its 10-year median of 1.00)
  • GF Value™: €0.72 vs. price of €0.75 (4.2% above fair value)
  • GF Score™: 17/100 with 7 warning signs
  • Industry Position: 66.7% above the Real Estate median (#824 of 1300)

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


CPI Property Group Business Description

Other Exchanges O5G:Germany
Address 40, rue de la Vallee, Luxembourg, LUX, L-2661
CPI Property Group SA is a real estate company. The object of the company is the investment in real estate, thus as the purchase, the sale, the construction, the exploitation, the administration and the letting of real estate as well as the property development, for its own account or through the intermediary of its affiliated companies. Its property portfolio includes office, retail, residential, hotels, and complementary assets. Its business activities include Czech Republic, Berlin, Poland, CPI Europe, S IMMO, and Complementary assets. The majority of the rental income is derived from CPI Europe which operates retail and office portfolio in Austria, the Czech Republic, Poland, Hungary, Romania, Germany and other countries.
17GF Score

Get the complete analysis for LTS:0NWQ

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

€0.75
Price
€0.72
GF Value