WDPSF (Warehouses De Pauw) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

WDPSF Warehouses De Pauw SA WDPSF
85 GF Score
Price $24.32
GF Value $27.55
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Warehouses De Pauw Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Warehouses De Pauw  (OTCPK:WDPSF) 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.


Warehouses De Pauw Cyclically Adjusted PB Ratio Related Terms


Warehouses De Pauw Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Warehouses De Pauw'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.

Warehouses De Pauw Cyclically Adjusted PB Ratio Chart

Warehouses De Pauw 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 4.05 1.96 2.00 1.00 1.35

Warehouses De Pauw 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 1.37 1.33 1.41 1.34 1.30

WDPSF vs PLD, PSA, EXR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Industrial subindustry, Warehouses De Pauw'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.


Warehouses De Pauw Cyclically Adjusted PB Ratio vs REITs Industry

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

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


WDPSF
85GF Score
Warehouses De Pauw SA WDPSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Warehouses De Pauw 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.

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

For example, Warehouses De Pauw'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)
=23.841/138.0500*138.0500
=23.841

Current CPI (Jun. 2026) = 138.0500.

Warehouses De Pauw Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.709 102.118 9.070
201612 7.294 102.614 9.813
201703 7.762 103.972 10.306
201706 8.366 103.902 11.116
201709 9.095 104.170 12.053
201712 9.653 104.804 12.715
201803 10.431 105.419 13.660
201806 9.693 106.063 12.616
201809 10.405 106.618 13.473
201812 11.405 107.252 14.680
201903 11.482 107.876 14.694
201906 12.026 107.896 15.387
201909 11.907 107.470 15.295
201912 13.991 108.065 17.873
202003 14.038 108.550 17.853
202006 14.195 108.540 18.054
202009 15.249 108.441 19.413
202012 16.834 108.511 21.417
202103 17.920 109.522 22.588
202106 19.291 110.305 24.143
202109 20.518 111.543 25.394
202112 21.997 114.705 26.474
202203 23.378 118.620 27.207
202206 22.688 120.948 25.896
202209 22.157 124.120 24.644
202212 22.749 126.578 24.811
202303 22.911 126.528 24.997
202306 22.299 125.973 24.437
202309 21.792 127.083 23.673
202312 22.757 128.292 24.488
202403 22.730 130.552 24.035
202406 21.955 130.691 23.191
202409 23.275 130.968 24.534
202412 22.211 132.346 23.168
202503 23.079 134.348 23.715
202506 23.954 133.495 24.771
202509 24.478 133.740 25.267
202512 25.064 135.080 25.615
202603 25.053 136.570 25.324
202606 23.841 138.050 23.841

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 Warehouses De Pauw (WDPSF) Overvalued in 2026?

Based on GuruFocus' analysis, Warehouses De Pauw stock appears to be undervalued. The current stock price of $24.32 is trading 11.7% below its estimated GF Value™ of $27.55. GuruFocus considers Warehouses De Pauw to be Modestly Undervalued.

Key valuation signals for WDPSF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $27.55 vs. price of $24.32 (11.7% below fair value)
  • GF Score™: 85/100 with 8 warning signs

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


Warehouses De Pauw Business Description

Industry Real EstateREITs
Address Blakebergen 15, Meise, Wolvertem, BEL, 1861
Warehouses De Pauw SA is a real estate investment trust engaged in the acquisition and development of storage, distribution, and semi-industrial and logistics facilities throughout Europe. The vast majority of the company's real estate portfolio in terms of square footage and total rental value is made up of general warehouse space, while offices represent a smaller amount. Warehouses De Pauw derives the majority of its revenue in the form of rental income. The company's tenants in terms of revenue include solar panels, third-party logistics firms, and food industry companies. Its geographical operating segments are the Netherlands, which derives maximum revenue, Belgium, France, Germany, Romania, and Luxembourg.
85GF Score

Get the complete analysis for WDPSF

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

$24.32
Price
$27.55
GF Value