ASR Nederland NV (WBO:ASRN) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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WBO:ASRN ASR Nederland NV WBO:ASRN
61 GF Score
Price €70.68
GF Value €42.50
! 12 Warning Signs
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What is ASR Nederland NV 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


ASR Nederland NV  (WBO:ASRN) 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.


ASR Nederland NV Cyclically Adjusted PB Ratio Related Terms


ASR Nederland NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ASR Nederland NV'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.

ASR Nederland NV Cyclically Adjusted PB Ratio Chart

ASR Nederland NV 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 0.00 1.03 0.95 0.95 1.20

ASR Nederland NV 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 0.95 0.00 0.95 0.00 1.20

WBO:ASRN vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, ASR Nederland NV'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.


ASR Nederland NV Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, ASR Nederland NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WBO:ASRN
61GF Score
ASR Nederland NV WBO:ASRN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ASR Nederland NV 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.

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

For example, ASR Nederland NV'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)
=49.428/135.2700*135.2700
=49.428

Current CPI (Dec25) = 135.2700.

ASR Nederland NV Annual Data

Book Value per Share CPI Adj_Book
201612 29.873 100.710 40.124
201712 37.729 101.970 50.050
201812 38.858 103.970 50.556
201912 43.290 106.800 54.830
202012 45.770 107.850 57.407
202112 52.830 114.010 62.681
202212 41.575 124.940 45.012
202312 44.244 126.450 47.330
202412 47.103 131.630 48.406
202512 49.428 135.270 49.428

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 ASR Nederland NV (WBO:ASRN) Overvalued in 2026?

Based on GuruFocus' analysis, ASR Nederland NV stock appears to be overvalued. The current stock price of €70.68 is trading 66.3% above its estimated GF Value™ of €42.50.

Key valuation signals for WBO:ASRN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €42.50 vs. price of €70.68 (66.3% above fair value)
  • GF Score™: 61/100 with 12 warning signs

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


ASR Nederland NV Business Description

Address Archimedeslaan 10, P.O. Box 2072, Utrecht, UT, NLD, 3500 HB
ASR Nederland NV is an insurance company. The company offers a variety of insurance policies to its customers. The business segments are Non-life; Life; Banking, Asset Management; Distribution and Services and Holding and Other. The Non-life insurance entities offer Non-life insurance contracts. Its life insurance entities offer financial products such as life insurance contracts and life insurance contracts on behalf of policyholders. The Asset Management segment involves all activities related to asset management including investment property management. Its Distribution and Services segment includes activities related to the distribution of insurance contracts.
61GF Score

Get the complete analysis for WBO:ASRN

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

€70.68
Price
€42.50
GF Value