PIPR (Piperndler Cos) Cyclically Adjusted PB Ratio: 4.00 (As of Aug. 05, 2026) — 114% Above Median

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PIPR Piper Sandler Cos PIPR
73 GF Score
Price $76.14
GF Value $86.11
Valuation Modestly Undervalued
View Full Analysis

What is Piperndler Cos Cyclically Adjusted PB Ratio?

Piperndler Cos PIPR +0.26% 73 Cyclically Adjusted PB Ratio is 4.00 as of Aug. 05, 2026, which is 114% above its 10-year median of 1.87. GuruFocus rates PIPR with a GF Score™ of 73/100 and a GF Value™ of $86.11 (Modestly Undervalued). Among 611 Capital Markets companies, Piperndler Cos ranks worse than 81.34% on this metric.

As of today (2026-08-05), Piperndler Cos's current share price is $76.14. Piperndler Cos's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $19.03. Piperndler Cos's Cyclically Adjusted PB Ratio for today is 4.00.

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

PIPR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.87   Max: 5.03
Current: 3.99

During the past years, Piperndler Cos's highest Cyclically Adjusted PB Ratio was 5.03. The lowest was 0.64. And the median was 1.87.

PIPR's Cyclically Adjusted PB Ratio is ranked worse than
81.34% of 611 companies
in the Capital Markets industry
Industry Median: 1.29 vs PIPR: 3.99

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.

Piperndler Cos's adjusted book value per share data for the three months ended in Mar. 2026 was $19.774. 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 $19.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Piperndler Cos  (NYSE:PIPR) 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.


Piperndler Cos Cyclically Adjusted PB Ratio Related Terms


Piperndler Cos Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Piperndler Cos'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.

Piperndler Cos Cyclically Adjusted PB Ratio Chart

Piperndler Cos 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 2.86 1.92 2.47 4.11 4.54

Piperndler Cos 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 3.73 4.63 4.54 4.02 0.00

PIPR vs VIRT, MC, MRX: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Piperndler Cos'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.


Piperndler Cos Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Piperndler Cos's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PIPR
73GF Score
Piper Sandler Cos PIPR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Piperndler Cos 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.

Piperndler Cos's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=76.14/19.03
=4.00

* 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.

Piperndler Cos's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Piperndler Cos'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)
=19.774/330.2130*330.2130
=19.774

Current CPI (Mar. 2026) = 330.2130.

Piperndler Cos Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.594 241.018 21.365
201609 15.977 241.428 21.853
201612 15.317 241.432 20.949
201703 15.217 243.801 20.610
201706 15.334 244.955 20.671
201709 14.307 246.819 19.141
201712 13.425 246.524 17.982
201803 12.933 249.554 17.113
201806 12.852 251.989 16.842
201809 13.096 252.439 17.131
201812 13.032 251.233 17.129
201903 12.276 254.202 15.947
201906 11.996 256.143 15.465
201909 12.705 256.759 16.340
201912 13.328 256.974 17.127
202003 13.232 258.115 16.928
202006 13.510 257.797 17.305
202009 13.989 260.280 17.748
202012 15.052 260.474 19.082
202103 15.401 264.877 19.200
202106 16.705 271.696 20.303
202109 17.361 274.310 20.899
202112 18.834 278.802 22.307
202203 17.913 287.504 20.574
202206 18.065 296.311 20.132
202209 18.311 296.808 20.372
202212 19.273 296.797 21.443
202303 17.475 301.836 19.118
202306 17.123 305.109 18.532
202309 17.100 307.789 18.346
202312 17.853 306.746 19.219
202403 17.589 312.332 18.596
202406 17.706 314.175 18.610
202409 18.305 315.301 19.171
202412 19.052 315.605 19.934
202503 18.368 319.799 18.966
202506 18.414 322.561 18.851
202509 19.169 324.800 19.488
202512 20.316 324.054 20.702
202603 19.774 330.213 19.774

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 4.00 mean?
Piperndler Cos (PIPR) has a Cyclically Adjusted PB Ratio of 4.00 as of Aug. 05, 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 Piperndler Cos and its competitors. This is 114% above median its historical median of 1.87. Over the past decade, Piperndler Cos' Cyclically Adjusted PB Ratio has ranged from 0.64 to 5.03. According to the industry distribution chart, Piperndler Cos ranks #497 out of 611 companies in the Capital Markets industry, placing it in the top 81.3%.
Is Piperndler Cos' Cyclically Adjusted PB Ratio too high?
Piperndler Cos' current Cyclically Adjusted PB Ratio of 4.00 is 114% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 5.03. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.29. Piperndler Cos' value of 4.00 is 210.1% above this industry median. Based on the distribution chart, Piperndler Cos ranks #497 out of 611 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Piperndler Cos has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Piperndler Cos' Cyclically Adjusted PB Ratio compare to VIRT and MC?
According to the Capital Markets industry distribution chart, Piperndler Cos ranks #497 out of 611 companies for Cyclically Adjusted PB Ratio. This places Piperndler Cos in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Piperndler Cos' value of 4.00 is 210.1% above this benchmark. Historically, Piperndler Cos' own Cyclically Adjusted PB Ratio has ranged from 0.64 to 5.03 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.29, Piperndler Cos 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.29, based on 611 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. Piperndler Cos's current Cyclically Adjusted PB Ratio of 4.00 is 210.1% 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 Piperndler Cos and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Piperndler Cos's current Cyclically Adjusted PB Ratio is 4.00, which is 114% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piperndler Cos stock overvalued right now?
Based on GuruFocus' analysis, Piperndler Cos (PIPR) is currently considered Modestly Undervalued. The stock's GF Value™ is $86.11, compared to a current price of $76.14 — trading 11.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.00, which is 114% above median its 10-year median of 1.87 and 210.1% above the Capital Markets industry median of 1.29. Piperndler Cos' overall GF Score™ is 73/100. 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 Piperndler Cos (PIPR), the current Cyclically Adjusted PB Ratio is 4.00 as of Aug. 05, 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 Piperndler Cos (PIPR) Overvalued in 2026?

Based on GuruFocus' analysis, Piperndler Cos stock appears to be undervalued. The current stock price of $76.14 is trading 11.6% below its estimated GF Value™ of $86.11. GuruFocus considers Piperndler Cos to be Modestly Undervalued.

Key valuation signals for PIPR:

  • Cyclically Adjusted PB Ratio: 4.00 (114% above median its 10-year median of 1.87)
  • GF Value™: $86.11 vs. price of $76.14 (11.6% below fair value)
  • GF Score™: 73/100
  • Industry Position: 210.1% above the Capital Markets median (#497 of 611)

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


Piperndler Cos Business Description

Other Exchanges 62C:Germany
Address 350 North 5th Street, Suite 1000, Minneapolis, MN, USA, 55401-5711
Piper Sandler Cos is an investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States (U.S.) and internationally. The company provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; fixed income services; and alternative asset management strategies. It generates maximum revenue from Advisory services.
73GF Score

Get the complete analysis for PIPR

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

$76.14
Price
$86.11
GF Value