freenet AG (XSWX:FNTN) Cyclically Adjusted PB Ratio: 1.74 (As of Aug. 16, 2026) — 11% Below Median

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XSWX:FNTN freenet AG XSWX:FNTN
75 GF Score
Price CHF22.48
GF Value CHF29.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is freenet AG Cyclically Adjusted PB Ratio?

freenet AG XSWX:FNTN 75 Cyclically Adjusted PB Ratio is 1.74 as of Aug. 16, 2026, which is 11% below its 10-year median of 1.95. GuruFocus rates XSWX:FNTN with a GF Score™ of 75/100 and a GF Value™ of CHF29.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 290 Telecommunication Services companies, freenet AG ranks better than 51.38% on this metric.

As of today (2026-08-16), freenet AG's current share price is CHF22.48. freenet AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was CHF12.92. freenet AG's Cyclically Adjusted PB Ratio for today is 1.74.

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

XSWX:FNTN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 1.95   Max: 2.81
Current: 1.76

During the past years, freenet AG's highest Cyclically Adjusted PB Ratio was 2.81. The lowest was 1.35. And the median was 1.95.

XSWX:FNTN's Cyclically Adjusted PB Ratio is ranked better than
51.38% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.77 vs XSWX:FNTN: 1.76

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.

freenet AG's adjusted book value per share data for the three months ended in Jun. 2026 was CHF10.731. 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 CHF12.92 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


freenet AG  (XSWX:FNTN) 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.


freenet AG Cyclically Adjusted PB Ratio Related Terms


freenet AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for freenet 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.

freenet AG Cyclically Adjusted PB Ratio Chart

freenet 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 2.07 1.65 1.97 2.09 2.19

freenet AG 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 2.08 2.03 2.19 1.95 1.66

XSWX:FNTN vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, freenet 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.


freenet AG Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, freenet AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSWX:FNTN
75GF Score
freenet AG XSWX:FNTN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

freenet 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.48/12.92
=1.74

* 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.

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

For example, freenet AG'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)
=10.731/131.3638*131.3638
=10.731

Current CPI (Jun. 2026) = 131.3638.

freenet AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.915 101.017 14.194
201612 11.420 101.217 14.821
201703 11.768 101.417 15.243
201706 10.640 102.117 13.687
201709 12.611 102.717 16.128
201712 13.059 102.617 16.717
201803 13.197 102.917 16.845
201806 11.759 104.017 14.850
201809 11.404 104.718 14.306
201812 11.108 104.217 14.001
201903 12.047 104.217 15.185
201906 10.698 105.718 13.293
201909 10.803 106.018 13.386
201912 11.188 105.818 13.889
202003 10.437 105.718 12.969
202006 11.248 106.618 13.859
202009 11.818 105.818 14.671
202012 15.727 105.518 19.579
202103 16.218 107.518 19.815
202106 14.312 108.486 17.330
202109 13.891 109.435 16.675
202112 14.303 110.384 17.022
202203 14.078 113.968 16.227
202206 12.692 115.760 14.403
202209 11.823 118.818 13.071
202212 12.240 119.345 13.473
202303 12.590 122.402 13.512
202306 10.889 123.140 11.616
202309 11.184 124.195 11.830
202312 11.426 123.773 12.127
202403 12.095 125.038 12.707
202406 11.019 125.882 11.499
202409 11.387 126.198 11.853
202412 11.742 127.041 12.142
202503 12.620 127.779 12.974
202506 11.085 128.412 11.340
202509 11.655 129.255 11.845
202512 12.245 129.361 12.435
202603 12.198 131.258 12.208
202606 10.731 131.364 10.731

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 1.74 mean?
freenet AG (XSWX:FNTN) has a Cyclically Adjusted PB Ratio of 1.74 as of Aug. 16, 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 freenet AG and its competitors. This is 11% below median its historical median of 1.95. Over the past decade, freenet AG's Cyclically Adjusted PB Ratio has ranged from 1.35 to 2.81. According to the industry distribution chart, freenet AG ranks #141 out of 290 companies in the Telecommunication Services industry, placing it in the top 48.6%.
Is freenet AG's Cyclically Adjusted PB Ratio too high?
freenet AG's current Cyclically Adjusted PB Ratio of 1.74 is 11% below median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 2.81. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.77. freenet AG's value of 1.74 is 1.7% below this industry median. Based on the distribution chart, freenet AG ranks #141 out of 290 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, freenet AG has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does freenet AG's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, freenet AG ranks #141 out of 290 companies for Cyclically Adjusted PB Ratio. This puts freenet AG in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. freenet AG's value of 1.74 is 1.7% below this benchmark. Historically, freenet AG's own Cyclically Adjusted PB Ratio has ranged from 1.35 to 2.81 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 1.77, freenet AG has consistently been below 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.77, based on 290 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. freenet AG's current Cyclically Adjusted PB Ratio of 1.74 is 1.7% below 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 freenet AG and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. freenet AG's current Cyclically Adjusted PB Ratio is 1.74, which is 11% below median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is freenet AG stock overvalued right now?
Based on GuruFocus' analysis, freenet AG (XSWX:FNTN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF29.80, compared to a current price of CHF22.48 — trading 24.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.74, which is 11% below median its 10-year median of 1.95 and 1.7% below the Telecommunication Services industry median of 1.77. freenet AG's overall GF Score™ is 75/100 with 3 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 freenet AG (XSWX:FNTN), the current Cyclically Adjusted PB Ratio is 1.74 as of Aug. 16, 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 freenet AG (XSWX:FNTN) Overvalued in 2026?

Based on GuruFocus' analysis, freenet AG stock appears to be undervalued. The current stock price of CHF22.48 is trading 24.6% below its estimated GF Value™ of CHF29.80. GuruFocus considers freenet AG to be Modestly Undervalued.

Key valuation signals for XSWX:FNTN:

  • Cyclically Adjusted PB Ratio: 1.74 (11% below median its 10-year median of 1.95)
  • GF Value™: CHF29.80 vs. price of CHF22.48 (24.6% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 1.7% below the Telecommunication Services median (#141 of 290)

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


freenet AG Business Description

Address Hollerstrasse 126, Budelsdorf, SH, DEU, 24782
freenet AG is a German mobile communication and mobile internet company. It operates as an independent service provider without its own network. The company distributes mobile communications tariffs and options throughout Germany, using a subscription agreement and multi-brand technique. The company has three operating segments: Mobile communications, TV and media, and Other/holding. The Mobile communications segment generates the majority of the firm's revenue. This segment offers a product portfolio of voice and data services for mobile communication operators. It also buys mobile communications services from the network operators and sells them to its end customers.
75GF Score

Get the complete analysis for XSWX:FNTN

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

CHF22.48
Price
CHF29.80
GF Value