Brederode (STU:28B) Cyclically Adjusted PB Ratio: (As of Aug. 04, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

STU:28B Brederode SA STU:28B
34 GF Score
Price €102.60
! 2 Warning Signs
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What is Brederode Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brederode  (STU:28B) 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.


Brederode Cyclically Adjusted PB Ratio Related Terms


Brederode Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Brederode'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.

Brederode Cyclically Adjusted PB Ratio Chart

Brederode 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 1.81 1.32 1.09 1.08 0.94

Brederode Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 1.09 0.00 1.08 0.00 0.94

STU:28B vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Brederode'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.


Brederode Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Brederode's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:28B
34GF Score
Brederode SA STU:28B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Brederode 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.

Brederode's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Brederode's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=144.234/126.1800*126.1800
=144.234

Current CPI (Dec25) = 126.1800.

Brederode Annual Data

Book Value per Share CPI Adj_Book
201612 58.203 101.040 72.685
201712 63.222 102.410 77.896
201812 68.593 104.320 82.966
201912 83.269 106.080 99.047
202012 91.190 106.670 107.869
202112 125.446 111.090 142.486
202212 121.795 117.060 131.284
202312 128.547 121.170 133.862
202412 141.359 122.430 145.689
202512 144.234 126.180 144.234

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.


Brederode Business Description

Address 4, Place Winston Churchill, Luxembourg, LUX, L-1340
Brederode SA is an international investment company that manages private equity portfolios and listed Securities portfolios. The company's private equity consists of long-term commitments to limited partnerships or funds. General partners bringing professional experience are grouped with institutional investors (limited partners) to comprise one of Brederode's teams. Funds tend to follow buyout strategies that focus on acquiring a controlling interest and using financial leverage in mature companies. Investments are chosen after a due diligence process that includes managerial interviews and examination of ad hoc documents. The United States comprises nearly half of Brederode's uncalled commitments and current investments.
34GF Score

Get the complete analysis for STU:28B

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

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