Gecina Nom (XPAR:GFC) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

XPAR:GFC Gecina Nom XPAR:GFC
72 GF Score
Price €65.50
GF Value €85.97
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Gecina Nom Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gecina Nom  (XPAR:GFC) 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.


Gecina Nom Cyclically Adjusted PB Ratio Related Terms


Gecina Nom Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gecina Nom'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.

Gecina Nom Cyclically Adjusted PB Ratio Chart

Gecina Nom 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 0.85 0.60 0.66 0.53 0.47

Gecina Nom 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 0.51 0.53 0.54 0.47 0.42

XPAR:GFC vs BXP, ARE, VNO: Cyclically Adjusted PB Ratio Comparison

For the REIT - Office subindustry, Gecina Nom'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.


Gecina Nom Cyclically Adjusted PB Ratio vs REITs Industry

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

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


XPAR:GFC
72GF Score
Gecina Nom XPAR:GFC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gecina Nom 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.

Gecina Nom's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Gecina Nom'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)
=142.808/120.8900*120.8900
=142.808

Current CPI (Dec25) = 120.8900.

Gecina Nom Annual Data

Book Value per Share CPI Adj_Book
201612 128.323 100.650 154.128
201712 150.483 101.850 178.615
201812 158.530 103.470 185.220
201912 173.266 104.980 199.525
202012 169.840 104.960 195.617
202112 176.129 107.850 197.425
202212 173.177 114.160 183.386
202312 143.468 118.390 146.498
202412 142.289 119.950 143.404
202512 142.808 120.890 142.808

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 Gecina Nom (XPAR:GFC) Overvalued in 2026?

Based on GuruFocus' analysis, Gecina Nom stock appears to be undervalued. The current stock price of €65.50 is trading 23.8% below its estimated GF Value™ of €85.97. GuruFocus considers Gecina Nom to be Modestly Undervalued.

Key valuation signals for XPAR:GFC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €85.97 vs. price of €65.50 (23.8% below fair value)
  • GF Score™: 72/100 with 4 warning signs

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


Gecina Nom Business Description

Industry Real EstateREITs
Address 14-16, Rue des Capucines, Cedex 02, Paris, FRA, 75084
Gecina Nom is a French Real Estate Investment Trust with assets located in Paris, France, and the surrounding region. The majority of Gecina's real estate property portfolio is comprised of office buildings with residential properties also making up a substantial percentage. The majority of Gecina's properties are located in the City of Paris, while others are also located in the Paris region and other French cities, such as Lyon. Gecina generates revenue from rental income and the sale of its real estate properties. The majority of this rental revenue is derived from its office buildings. Gecina's customers and occupants include businesses, students, and individuals. It also manages the construction, redevelopment, and environmental operations of its assets.
72GF Score

Get the complete analysis for XPAR:GFC

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

€65.50
Price
€85.97
GF Value