TMNSF (Temenos AG) Cyclically Adjusted PB Ratio: (As of Jul. 24, 2026)

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.

TMNSF Temenos AG TMNSF
76 GF Score
Price $78.89
GF Value $92.51
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Temenos AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Temenos AG  (OTCPK:TMNSF) 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.


Temenos AG Cyclically Adjusted PB Ratio Related Terms


Temenos AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Temenos AG'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.

Temenos AG Cyclically Adjusted PB Ratio Chart

Temenos AG 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 24.00 9.07 13.28 10.39 12.66

Temenos AG 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 8.93 10.15 12.66 10.91 0.00

TMNSF vs UBER, SHOP, CRM: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Temenos AG'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.


Temenos AG Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Temenos AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TMNSF
76GF Score
Temenos AG TMNSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Temenos AG 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.

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

For example, Temenos AG'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)
=5.534/108.5400*108.5400
=5.534

Current CPI (Jun. 2026) = 108.5400.

Temenos AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.958 99.604 6.493
201612 5.828 99.380 6.365
201703 6.058 100.040 6.573
201706 5.522 100.285 5.977
201709 6.458 100.254 6.992
201712 5.494 100.213 5.951
201803 5.944 100.836 6.398
201806 3.238 101.435 3.465
201809 3.371 101.246 3.614
201812 4.315 100.906 4.641
201903 4.804 101.571 5.134
201906 4.457 102.044 4.741
201909 5.002 101.396 5.354
201912 6.273 101.063 6.737
202003 5.736 101.048 6.161
202006 5.675 100.743 6.114
202009 6.158 100.585 6.645
202012 7.229 100.241 7.828
202103 6.910 100.800 7.441
202106 5.043 101.352 5.401
202109 5.658 101.533 6.048
202112 6.633 101.776 7.074
202203 7.367 103.205 7.748
202206 6.881 104.783 7.128
202209 6.772 104.835 7.011
202212 8.059 104.666 8.357
202303 8.189 106.245 8.366
202306 7.579 106.576 7.719
202309 7.914 106.570 8.060
202312 9.407 106.461 9.591
202403 10.062 107.355 10.173
202406 9.569 107.991 9.618
202409 7.730 107.468 7.807
202412 9.037 107.128 9.156
202503 9.666 107.722 9.739
202506 7.737 108.075 7.770
202509 6.450 107.710 6.500
202512 7.100 107.200 7.189
202603 6.165 108.060 6.192
202606 5.534 108.540 5.534

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.

Is Temenos AG (TMNSF) Overvalued in 2026?

Based on GuruFocus' analysis, Temenos AG stock appears to be undervalued. The current stock price of $78.89 is trading 14.7% below its estimated GF Value™ of $92.51. GuruFocus considers Temenos AG to be Modestly Undervalued.

Key valuation signals for TMNSF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $92.51 vs. price of $78.89 (14.7% below fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Temenos AG Business Description

Address Esplanade de Pont-Rouge 9C, Geneva, CHE, 1212
Temenos is a Swiss company that provides banking software to financial institutions around the world. Its main product is core banking software that helps banks manage accounts, customer information, transaction processing, loans, security, and financial reporting. Besides core banking software, Temenos offers products for digital banking, payments, wealth management, compliance, and analytics to help banks improve customer experience and meet regulatory requirements.
76GF Score

Get the complete analysis for TMNSF

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

$78.89
Price
$92.51
GF Value