Groupe Bruxelles Lambert (WBO:GBLB) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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WBO:GBLB Groupe Bruxelles Lambert SA WBO:GBLB
61 GF Score
Price €74.40
GF Value €65.79
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Groupe Bruxelles Lambert  (WBO:GBLB) 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.


Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio Related Terms


Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Groupe Bruxelles Lambert'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.

Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio Chart

Groupe Bruxelles Lambert 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 0.81 0.56 0.52 0.46 0.53

Groupe Bruxelles Lambert Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.48 0.46 0.51 0.53 0.55

WBO:GBLB vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Groupe Bruxelles Lambert'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.


Groupe Bruxelles Lambert Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


WBO:GBLB
61GF Score
Groupe Bruxelles Lambert SA WBO:GBLB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Groupe Bruxelles Lambert 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.

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

For example, Groupe Bruxelles Lambert'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)
=110.649/135.0800*135.0800
=110.649

Current CPI (Dec25) = 135.0800.

Groupe Bruxelles Lambert Annual Data

Book Value per Share CPI Adj_Book
201612 105.345 102.614 138.675
201712 115.200 104.804 148.479
201812 111.077 107.252 139.897
201912 136.686 108.065 170.856
202012 134.121 108.511 166.961
202112 146.810 114.705 172.888
202212 119.477 126.578 127.502
202312 131.077 128.292 138.012
202412 128.473 132.346 131.127
202512 110.649 135.080 110.649

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 Groupe Bruxelles Lambert (WBO:GBLB) Overvalued in 2026?

Based on GuruFocus' analysis, Groupe Bruxelles Lambert stock appears to be overvalued. The current stock price of €74.40 is trading 13.1% above its estimated GF Value™ of €65.79. GuruFocus considers Groupe Bruxelles Lambert to be Modestly Overvalued.

Key valuation signals for WBO:GBLB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €65.79 vs. price of €74.40 (13.1% above fair value)
  • GF Score™: 61/100 with 7 warning signs

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


Groupe Bruxelles Lambert Business Description

Address 24, Avenue Marnix, Brussels, BEL, B-1000
Groupe Bruxelles Lambert SA is an investment holding company. The company operates as a foremost investor in Europe, focused on long-term value creation. The business activities of the firm are operated through Holding, Imerys, Webhelp/Sapiens, Canyon/GfG CapitaL, and Sienna Investment Managers. Geographically, it derives a majority of its revenue from Europe and also has a presence in Asia-Oceania, North America, and other countries. The segments of the company are Holding, Imerys, Canyon, Affidea, Sanoptis, and others.
61GF Score

Get the complete analysis for WBO:GBLB

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

€74.40
Price
€65.79
GF Value