MLP SE (WBO:MLP) Cyclically Adjusted PB Ratio: (As of Aug. 19, 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.

WBO:MLP MLP SE WBO:MLP
79 GF Score
Price €8.44
GF Value €7.40
Valuation Modestly Overvalued
! 9 Warning Signs
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What is MLP SE Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MLP SE  (WBO:MLP) 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.


MLP SE Cyclically Adjusted PB Ratio Related Terms


MLP SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MLP SE'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.

MLP SE Cyclically Adjusted PB Ratio Chart

MLP SE 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 2.17 1.19 1.21 1.28 1.40

MLP SE 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 1.73 1.51 1.40 1.38 0.00

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

For the Asset Management subindustry, MLP SE'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.


MLP SE Cyclically Adjusted PB Ratio vs Asset Management Industry

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

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


WBO:MLP
79GF Score
MLP SE WBO:MLP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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MLP SE 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.

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

For example, MLP SE'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)
=5.394/131.3638*131.3638
=5.394

Current CPI (Jun. 2026) = 131.3638.

MLP SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.420 101.017 4.447
201612 3.508 101.217 4.553
201703 3.597 101.417 4.659
201706 3.548 102.117 4.564
201709 3.535 102.717 4.521
201712 3.704 102.617 4.742
201803 3.861 102.917 4.928
201806 3.658 104.017 4.620
201809 3.741 104.718 4.693
201812 3.892 104.217 4.906
201903 3.932 104.217 4.956
201906 3.716 105.718 4.617
201909 3.748 106.018 4.644
201912 4.007 105.818 4.974
202003 4.038 105.718 5.018
202006 3.873 106.618 4.772
202009 3.948 105.818 4.901
202012 4.167 105.518 5.188
202103 4.308 107.518 5.263
202106 4.122 108.486 4.991
202109 4.222 109.435 5.068
202112 4.530 110.384 5.391
202203 4.776 113.968 5.505
202206 4.595 115.760 5.214
202209 4.664 118.818 5.156
202212 4.826 119.345 5.312
202303 5.010 122.402 5.377
202306 5.037 123.140 5.373
202309 4.811 124.195 5.089
202312 4.926 123.773 5.228
202403 5.165 125.038 5.426
202406 5.221 125.882 5.448
202409 5.013 126.198 5.218
202412 5.219 127.041 5.397
202503 5.475 127.779 5.629
202506 5.133 128.412 5.251
202509 5.283 129.255 5.369
202512 5.361 129.361 5.444
202603 5.657 131.258 5.662
202606 5.394 131.364 5.394

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 MLP SE (WBO:MLP) Overvalued in 2026?

Based on GuruFocus' analysis, MLP SE stock appears to be overvalued. The current stock price of €8.44 is trading 14.1% above its estimated GF Value™ of €7.40. GuruFocus considers MLP SE to be Modestly Overvalued.

Key valuation signals for WBO:MLP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €7.40 vs. price of €8.44 (14.1% above fair value)
  • GF Score™: 79/100 with 9 warning signs

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


MLP SE Business Description

Other Exchanges MLPd:UK0NDP:UKMLP:Germany
Address Alte Heerstrasse 40, Wiesloch, BW, DEU, 69168
MLP SE is a holding company providing financial and economic consulting services to private, corporate, and institutional clients, covering retirement provision, wealth management, insurance, loans, and banking. It operates through segments, including the Financial Consulting segment, which generates the majority of revenue, driven by retirement planning, health and non-life insurance, loans and mortgages, and wealth management. The Banking segment includes services such as accounts, cards, and interest rate business, while the FERI segment contributes through wealth management consulting. The DOMCURA and Industrial Broker segments mainly generate revenue from insurance brokerage and administration, particularly in non-life insurance for private and commercial clients.
79GF Score

Get the complete analysis for WBO:MLP

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

€8.44
Price
€7.40
GF Value