Athos Immobilien AG (WBO:ATH) Cyclically Adjusted PB Ratio: 1.23 (As of Jul. 18, 2026) — 12% Below Median

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WBO:ATH Athos Immobilien AG WBO:ATH
63 GF Score
Price €43.60
GF Value €52.21
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Athos Immobilien AG Cyclically Adjusted PB Ratio?

Athos Immobilien AG WBO:ATH 63 Cyclically Adjusted PB Ratio is 1.23 as of Jul. 18, 2026, which is 12% below its 10-year median of 1.40. GuruFocus rates WBO:ATH with a GF Score™ of 63/100 and a GF Value™ of €52.21 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,437 Real Estate companies, Athos Immobilien AG ranks worse than 71.05% on this metric.

As of today (2026-07-18), Athos Immobilien AG's current share price is €43.60. Athos Immobilien AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €35.45. Athos Immobilien AG's Cyclically Adjusted PB Ratio for today is 1.23.

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

WBO:ATH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.4   Max: 1.7
Current: 1.23

During the past 13 years, Athos Immobilien AG's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 1.10. And the median was 1.40.

WBO:ATH's Cyclically Adjusted PB Ratio is ranked worse than
71.05% of 1437 companies
in the Real Estate industry
Industry Median: 0.71 vs WBO:ATH: 1.23

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.

Athos Immobilien AG's adjusted book value per share data of for the fiscal year that ended in Dec25 was €27.904. 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 €35.45 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Athos Immobilien AG  (WBO:ATH) 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.


Athos Immobilien AG Cyclically Adjusted PB Ratio Related Terms


Athos Immobilien AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Athos Immobilien 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.

Athos Immobilien AG Cyclically Adjusted PB Ratio Chart

Athos Immobilien 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 1.51 1.42 1.28 1.38 1.21

Athos Immobilien AG Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec11 Dec12 Dec13 Dec14 Dec15 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 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 1.51 1.42 1.28 1.38 1.21

Athos Immobilien AG Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Athos Immobilien 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.


Athos Immobilien AG Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


WBO:ATH
63GF Score
Athos Immobilien AG WBO:ATH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Athos Immobilien 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.

Athos Immobilien AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.60/35.45
=1.23

* 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.

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

For example, Athos Immobilien AG'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)
=27.904/140.3500*140.3500
=27.904

Current CPI (Dec25) = 140.3500.

Athos Immobilien AG Annual Data

Book Value per Share CPI Adj_Book
201612 28.468 102.092 39.136
201712 29.361 104.291 39.513
201812 29.564 106.291 39.037
201912 27.959 108.091 36.303
202012 30.695 109.321 39.407
202112 31.357 113.971 38.615
202212 30.407 125.541 33.994
202312 29.194 132.570 30.907
202412 28.591 135.273 29.664
202512 27.904 140.350 27.904

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 1.23 mean?
Athos Immobilien AG (WBO:ATH) has a Cyclically Adjusted PB Ratio of 1.23 as of Jul. 18, 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 Athos Immobilien AG and its competitors. This is 12% below median its historical median of 1.40. Over the past decade, Athos Immobilien AG's Cyclically Adjusted PB Ratio has ranged from 1.10 to 1.70. According to the industry distribution chart, Athos Immobilien AG ranks #1021 out of 1437 companies in the Real Estate industry, placing it in the top 71.1%.
Is Athos Immobilien AG's Cyclically Adjusted PB Ratio too high?
Athos Immobilien AG's current Cyclically Adjusted PB Ratio of 1.23 is 12% below median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 1.70. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Athos Immobilien AG's value of 1.23 is 73.2% above this industry median. Based on the distribution chart, Athos Immobilien AG ranks #1021 out of 1437 companies in the Real Estate industry, which is below the industry midpoint. Overall, Athos Immobilien AG has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Athos Immobilien AG's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Athos Immobilien AG ranks #1021 out of 1437 companies for Cyclically Adjusted PB Ratio. This places Athos Immobilien AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. Athos Immobilien AG's value of 1.23 is 73.2% above this benchmark. Historically, Athos Immobilien AG's own Cyclically Adjusted PB Ratio has ranged from 1.10 to 1.70 over the past decade. While the company's 10-year median is 1.40 vs. the industry median of 0.71, Athos Immobilien AG 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,437 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. Athos Immobilien AG's current Cyclically Adjusted PB Ratio of 1.23 is 73.2% 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 Athos Immobilien AG and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Athos Immobilien AG's current Cyclically Adjusted PB Ratio is 1.23, which is 12% below median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athos Immobilien AG stock overvalued right now?
Based on GuruFocus' analysis, Athos Immobilien AG (WBO:ATH) is currently considered Modestly Undervalued. The stock's GF Value™ is €52.21, compared to a current price of €43.60 — trading 16.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.23, which is 12% below median its 10-year median of 1.40 and 73.2% above the Real Estate industry median of 0.71. Athos Immobilien AG's overall GF Score™ is 63/100 with 8 warning signs to review. 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 Athos Immobilien AG (WBO:ATH), the current Cyclically Adjusted PB Ratio is 1.23 as of Jul. 18, 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 Athos Immobilien AG (WBO:ATH) Overvalued in 2026?

Based on GuruFocus' analysis, Athos Immobilien AG stock appears to be undervalued. The current stock price of €43.60 is trading 16.5% below its estimated GF Value™ of €52.21. GuruFocus considers Athos Immobilien AG to be Modestly Undervalued.

Key valuation signals for WBO:ATH:

  • Cyclically Adjusted PB Ratio: 1.23 (12% below median its 10-year median of 1.40)
  • GF Value™: €52.21 vs. price of €43.60 (16.5% below fair value)
  • GF Score™: 63/100 with 8 warning signs
  • Industry Position: 73.2% above the Real Estate median (#1021 of 1437)

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


Athos Immobilien AG Business Description

Address Waltherstrasse 11, Linz, AUT, 4020
Athos Immobilien AG is an investment company. Athos operates through its subsidiaries in the real estate investment sector. It also develops and manages residential and commercial real estate. The company's Real Estate projects are Wohnpark Galli 4210 Gallneukirchen, 4040 Linz, Hohe Strabe, Hammerl-Wohnpark, 4600 Wels, Volksgartenstrabe 11-15a, 4040 Linz, Landgutstrabe 9, 1140 Vienna, Spallartgasse 19 and Grunwinkel, 4040 Urfahr.
63GF Score

Get the complete analysis for WBO:ATH

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

€43.60
Price
€52.21
GF Value