Fast Ejendom Danmark AS (OCSE:FED) Cyclically Adjusted PB Ratio: 1.09 (As of Jul. 27, 2026) — 28% 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.

OCSE:FED Fast Ejendom Danmark AS OCSE:FED
69 GF Score
Price kr222.00
GF Value kr171.46
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Fast Ejendom Danmark AS Cyclically Adjusted PB Ratio?

Fast Ejendom Danmark AS OCSE:FED +0.91% 69 Cyclically Adjusted PB Ratio is 1.09 as of Jul. 27, 2026, which is 28% above its 10-year median of 0.85. GuruFocus rates OCSE:FED with a GF Score™ of 69/100 and a GF Value™ of kr171.46 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,426 Real Estate companies, Fast Ejendom Danmark AS ranks worse than 67.74% on this metric.

As of today (2026-07-27), Fast Ejendom Danmark AS's current share price is kr222.00. Fast Ejendom Danmark AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr203.23. Fast Ejendom Danmark AS's Cyclically Adjusted PB Ratio for today is 1.09.

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

OCSE:FED' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.85   Max: 1.21
Current: 1.09

During the past years, Fast Ejendom Danmark AS's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.64. And the median was 0.85.

OCSE:FED's Cyclically Adjusted PB Ratio is ranked worse than
67.74% of 1426 companies
in the Real Estate industry
Industry Median: 0.69 vs OCSE:FED: 1.09

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.

Fast Ejendom Danmark AS's adjusted book value per share data for the three months ended in Mar. 2026 was kr311.946. 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 kr203.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fast Ejendom Danmark AS  (OCSE:FED) 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.


Fast Ejendom Danmark AS Cyclically Adjusted PB Ratio Related Terms


Fast Ejendom Danmark AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fast Ejendom Danmark AS'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.

Fast Ejendom Danmark AS Cyclically Adjusted PB Ratio Chart

Fast Ejendom Danmark AS 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 1.16 0.92 0.73 0.67 1.10

Fast Ejendom Danmark AS 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 0.72 0.74 0.77 1.10 1.05

OCSE:FED vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Fast Ejendom Danmark AS'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.


Fast Ejendom Danmark AS Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Fast Ejendom Danmark AS's Cyclically Adjusted PB Ratio falls into.


OCSE:FED
69GF Score
Fast Ejendom Danmark AS OCSE:FED
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fast Ejendom Danmark AS 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.

Fast Ejendom Danmark AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=222.00/203.23
=1.09

* 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.

Fast Ejendom Danmark AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Fast Ejendom Danmark AS'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)
=311.946/121.6800*121.6800
=311.946

Current CPI (Mar. 2026) = 121.6800.

Fast Ejendom Danmark AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 99.416 100.600 120.248
201609 101.689 100.200 123.488
201612 106.196 100.300 128.833
201703 108.139 101.200 130.023
201706 109.733 101.200 131.940
201709 112.034 101.800 133.913
201712 117.423 101.300 141.047
201803 119.946 101.700 143.511
201806 121.439 102.300 144.445
201809 123.485 102.400 146.735
201812 130.295 102.100 155.282
201903 132.354 102.900 156.510
201906 134.756 102.900 159.350
201909 136.938 102.900 161.930
201912 148.306 102.900 175.373
202003 150.482 103.300 177.257
202006 151.180 103.200 178.252
202009 152.703 103.500 179.526
202012 158.622 103.400 186.665
202103 161.807 104.300 188.770
202106 176.029 105.000 203.992
202109 181.074 105.800 208.252
202112 188.647 106.600 215.334
202203 197.262 109.900 218.406
202206 201.235 113.600 215.548
202209 231.418 116.400 241.915
202212 232.863 115.900 244.476
202303 235.357 117.300 244.145
202306 239.625 116.400 250.495
202309 240.550 117.400 249.320
202312 245.478 116.700 255.953
202403 246.618 118.400 253.450
202406 254.704 118.500 261.539
202409 262.940 118.900 269.088
202412 269.287 118.900 275.583
202503 273.425 120.200 276.792
202506 278.321 120.700 280.581
202509 281.253 121.600 281.438
202512 306.636 121.200 307.850
202603 311.946 121.680 311.946

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 1.09 mean?
Fast Ejendom Danmark AS (OCSE:FED) has a Cyclically Adjusted PB Ratio of 1.09 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 Fast Ejendom Danmark AS and its competitors. This is 28% above median its historical median of 0.85. Over the past decade, Fast Ejendom Danmark AS's Cyclically Adjusted PB Ratio has ranged from 0.64 to 1.21. According to the industry distribution chart, Fast Ejendom Danmark AS ranks #966 out of 1426 companies in the Real Estate industry, placing it in the top 67.7%.
Is Fast Ejendom Danmark AS's Cyclically Adjusted PB Ratio too high?
Fast Ejendom Danmark AS's current Cyclically Adjusted PB Ratio of 1.09 is 28% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.21. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Fast Ejendom Danmark AS's value of 1.09 is 58% above this industry median. Based on the distribution chart, Fast Ejendom Danmark AS ranks #966 out of 1426 companies in the Real Estate industry, which is below the industry midpoint. Overall, Fast Ejendom Danmark AS has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fast Ejendom Danmark AS's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Fast Ejendom Danmark AS ranks #966 out of 1426 companies for Cyclically Adjusted PB Ratio. This places Fast Ejendom Danmark AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Fast Ejendom Danmark AS's value of 1.09 is 58% above this benchmark. Historically, Fast Ejendom Danmark AS's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 1.21 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.69, Fast Ejendom Danmark AS 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 0.69, based on 1,426 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. Fast Ejendom Danmark AS's current Cyclically Adjusted PB Ratio of 1.09 is 58% 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 Fast Ejendom Danmark AS and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fast Ejendom Danmark AS's current Cyclically Adjusted PB Ratio is 1.09, which is 28% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fast Ejendom Danmark AS stock overvalued right now?
Based on GuruFocus' analysis, Fast Ejendom Danmark AS (OCSE:FED) is currently considered Modestly Overvalued. The stock's GF Value™ is kr171.46, compared to a current price of kr222.00 — trading 29.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.09, which is 28% above median its 10-year median of 0.85 and 58% above the Real Estate industry median of 0.69. Fast Ejendom Danmark AS's overall GF Score™ is 69/100 with 8 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 Fast Ejendom Danmark AS (OCSE:FED), the current Cyclically Adjusted PB Ratio is 1.09 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 Fast Ejendom Danmark AS (OCSE:FED) Overvalued in 2026?

Based on GuruFocus' analysis, Fast Ejendom Danmark AS stock appears to be overvalued. The current stock price of kr222.00 is trading 29.5% above its estimated GF Value™ of kr171.46. GuruFocus considers Fast Ejendom Danmark AS to be Modestly Overvalued.

Key valuation signals for OCSE:FED:

  • Cyclically Adjusted PB Ratio: 1.09 (28% above median its 10-year median of 0.85)
  • GF Value™: kr171.46 vs. price of kr222.00 (29.5% above fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 58% above the Real Estate median (#966 of 1426)

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


Fast Ejendom Danmark AS Business Description

Other Exchanges 0QIV:UK
Address Ringager 4A, Brondby, DNK, 2605
Fast Ejendom Danmark AS Is a real estate investment firm. It invests in commercial and residential properties and mixed buildings with residential and commercial. The main activities are investment, letting, development, operational optimization and administration of the portfolio.
69GF Score

Get the complete analysis for OCSE:FED

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

kr222.00
Price
kr171.46
GF Value