Aedifica (WBO:AED) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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WBO:AED Aedifica SA WBO:AED
83 GF Score
Price €69.15
GF Value €75.66
! 7 Warning Signs
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What is Aedifica 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


Aedifica  (WBO:AED) 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.


Aedifica Cyclically Adjusted PB Ratio Related Terms


Aedifica Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aedifica'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.

Aedifica Cyclically Adjusted PB Ratio Chart

Aedifica Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 1.03

Aedifica 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 1.00 1.04 0.98 1.03 1.03

WBO:AED vs WELL, VTR, OHI: Cyclically Adjusted PB Ratio Comparison

For the REIT - Healthcare Facilities subindustry, Aedifica'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.


Aedifica Cyclically Adjusted PB Ratio vs REITs Industry

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

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


WBO:AED
83GF Score
Aedifica SA WBO:AED
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aedifica 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.

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

For example, Aedifica'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)
=79.789/136.5600*136.5600
=79.789

Current CPI (Mar. 2026) = 136.5600.

Aedifica Quarterly Data

Book Value per Share CPI Adj_Book
200912 27.623 90.315 41.767
201006 30.212 92.119 44.787
201106 31.487 95.508 45.021
201206 30.382 97.659 42.484
201212 31.796 98.511 44.077
201306 33.211 99.215 45.712
201312 32.712 99.462 44.913
201406 33.342 99.482 45.769
201412 33.242 99.086 45.814
201506 37.566 100.107 51.246
201512 37.707 100.572 51.200
201606 38.577 102.267 51.513
201612 38.769 102.614 51.594
201706 44.798 103.902 58.879
201712 44.937 104.804 58.553
201806 46.916 106.063 60.406
201812 47.102 107.252 59.973
201906 55.454 107.896 70.186
201912 56.912 108.065 71.919
202103 0.000 109.522 0.000
202106 69.512 110.305 86.058
202109 0.000 111.543 0.000
202112 74.835 114.705 89.094
202203 78.190 118.620 90.016
202206 78.440 120.948 88.565
202209 81.769 124.120 89.964
202212 80.472 126.578 86.818
202303 80.940 126.528 87.357
202306 80.486 125.973 87.250
202309 76.575 127.083 82.285
202312 75.202 128.292 80.048
202403 76.931 130.552 80.471
202406 74.964 130.691 78.331
202409 75.839 130.968 79.077
202412 76.626 132.346 79.066
202503 77.913 134.348 79.196
202506 74.595 133.495 76.308
202509 75.976 133.740 77.578
202512 77.051 135.070 77.901
202603 79.789 136.560 79.789

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 Aedifica (WBO:AED) Overvalued in 2026?

Based on GuruFocus' analysis, Aedifica stock appears to be undervalued. The current stock price of €69.15 is trading 8.6% below its estimated GF Value™ of €75.66.

Key valuation signals for WBO:AED:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €75.66 vs. price of €69.15 (8.6% below fair value)
  • GF Score™: 83/100 with 7 warning signs

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


Aedifica Business Description

Industry Real EstateREITs
Address Rue Belliard 40 (box 11), Brussels, BEL, B-1040
Aedifica SA is a Belgian real estate investment trust that invests in, develops, and leases healthcare properties. The company focuses on providing housing for the aging population in Western Europe and the growing populations in Belgium's cities. The majority of Aedifica's real estate portfolio is composed of Elderly care homes. The company derives the vast majority of its income in the form of rental revenue. Its geographical segments are Belgium, Germany, Netherlands, Ireland, United Kingdom, Finland, and Sweden. Majority of revenue is from United Kingdom.
83GF Score

Get the complete analysis for WBO:AED

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

€69.15
Price
€75.66
GF Value