LEG Immobilien SE (XSWX:LEG) Cyclically Adjusted PB Ratio: 0.53 (As of Jul. 06, 2026) — 36% Below Median


XSWX:LEG LEG Immobilien SE XSWX:LEG
68 GF Score
Price CHF51.05
GF Value CHF69.96
! 5 Warning Signs
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What is LEG Immobilien SE Cyclically Adjusted PB Ratio?

LEG Immobilien SE XSWX:LEG +2.26% 68 Cyclically Adjusted PB Ratio is 0.53 as of Jul. 06, 2026, which is 36% below its 10-year median of 0.83. GuruFocus rates XSWX:LEG with a GF Score™ of 68/100 and a GF Value™ of CHF69.96. The stock has 5 warning signs investors should review. Among 1,440 Real Estate companies, LEG Immobilien SE ranks better than 59.31% on this metric.

As of today (2026-07-06), LEG Immobilien SE's current share price is CHF51.05. LEG Immobilien SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CHF96.90. LEG Immobilien SE's Cyclically Adjusted PB Ratio for today is 0.53.

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

XSWX:LEG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.83   Max: 2.26
Current: 0.54

During the past years, LEG Immobilien SE's highest Cyclically Adjusted PB Ratio was 2.26. The lowest was 0.50. And the median was 0.83.

XSWX:LEG's Cyclically Adjusted PB Ratio is ranked better than
59.31% of 1440 companies
in the Real Estate industry
Industry Median: 0.71 vs XSWX:LEG: 0.54

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.

LEG Immobilien SE's adjusted book value per share data for the three months ended in Mar. 2026 was CHF104.765. 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 CHF96.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LEG Immobilien SE  (XSWX:LEG) 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.


LEG Immobilien SE Cyclically Adjusted PB Ratio Related Terms


LEG Immobilien SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LEG Immobilien 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.

LEG Immobilien SE Cyclically Adjusted PB Ratio Chart

LEG Immobilien 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 1.81 0.76 0.89 0.85 0.60

LEG Immobilien SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.67 0.76 0.66 0.60 0.53

XSWX:LEG vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, LEG Immobilien 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.


LEG Immobilien SE Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, LEG Immobilien SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSWX:LEG
68GF Score
LEG Immobilien SE XSWX:LEG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LEG Immobilien 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.

LEG Immobilien SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.05/96.90
=0.53

* 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.

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

For example, LEG Immobilien SE's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=104.765/131.2583*131.2583
=104.765

Current CPI (Mar. 2026) = 131.2583.

LEG Immobilien SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 48.715 100.717 63.487
201609 49.497 101.017 64.315
201612 57.294 101.217 74.299
201703 57.809 101.417 74.819
201706 62.217 102.117 79.972
201709 66.202 102.717 84.597
201712 74.499 102.617 95.292
201803 75.985 102.917 96.910
201806 78.073 104.017 98.519
201809 76.091 104.718 95.376
201812 83.774 104.217 105.511
201903 82.511 104.217 103.920
201906 86.532 105.718 107.438
201909 86.708 106.018 107.351
201912 92.190 105.818 114.354
202003 90.659 105.718 112.562
202006 100.454 106.618 123.670
202009 98.053 105.818 121.627
202012 108.872 105.518 135.431
202103 112.411 107.518 137.232
202106 116.749 108.486 141.256
202109 122.579 109.435 147.024
202112 125.771 110.384 149.556
202203 126.283 113.968 145.442
202206 135.311 115.760 153.426
202209 129.045 118.818 142.556
202212 119.549 119.345 131.483
202303 121.250 122.402 130.023
202306 104.725 123.140 111.629
202309 103.860 124.195 109.767
202312 94.123 123.773 99.815
202403 96.732 125.038 101.544
202406 92.640 125.882 96.597
202409 91.524 126.198 95.194
202412 91.589 127.041 94.629
202503 96.605 127.779 99.235
202506 94.636 128.412 96.734
202509 102.633 129.255 104.224
202512 106.391 129.361 107.952
202603 104.765 131.258 104.765

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 0.53 mean?
LEG Immobilien SE (XSWX:LEG) has a Cyclically Adjusted PB Ratio of 0.53 as of Jul. 06, 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 LEG Immobilien SE and its competitors. This is 36% below median its historical median of 0.83. Over the past decade, LEG Immobilien SE's Cyclically Adjusted PB Ratio has ranged from 0.50 to 2.26. According to the industry distribution chart, LEG Immobilien SE ranks #586 out of 1440 companies in the Real Estate industry, placing it in the top 40.7%.
Is LEG Immobilien SE's Cyclically Adjusted PB Ratio too high?
LEG Immobilien SE's current Cyclically Adjusted PB Ratio of 0.53 is 36% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 2.26. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. LEG Immobilien SE's value of 0.53 is 25.4% below this industry median. Based on the distribution chart, LEG Immobilien SE ranks #586 out of 1440 companies in the Real Estate industry, which is above the industry midpoint. Overall, LEG Immobilien SE has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does LEG Immobilien SE's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, LEG Immobilien SE ranks #586 out of 1440 companies for Cyclically Adjusted PB Ratio. This puts LEG Immobilien SE in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. LEG Immobilien SE's value of 0.53 is 25.4% below this benchmark. Historically, LEG Immobilien SE's own Cyclically Adjusted PB Ratio has ranged from 0.50 to 2.26 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.71, LEG Immobilien SE 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,440 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. LEG Immobilien SE's current Cyclically Adjusted PB Ratio of 0.53 is 25.4% 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 LEG Immobilien SE and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LEG Immobilien SE's current Cyclically Adjusted PB Ratio is 0.53, which is 36% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LEG Immobilien SE stock overvalued right now?
LEG Immobilien SE (XSWX:LEG) has a current Cyclically Adjusted PB Ratio of 0.53. The stock's GF Value™ is CHF69.96, compared to a current price of CHF51.05 — trading 27% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.53, which is 36% below median its 10-year median of 0.83 and 25.4% below the Real Estate industry median of 0.71. LEG Immobilien SE's overall GF Score™ is 68/100 with 5 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 LEG Immobilien SE (XSWX:LEG), the current Cyclically Adjusted PB Ratio is 0.53 as of Jul. 06, 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 LEG Immobilien SE (XSWX:LEG) Overvalued in 2026?

Based on GuruFocus' analysis, LEG Immobilien SE stock appears to be undervalued. The current stock price of CHF51.05 is trading 27% below its estimated GF Value™ of CHF69.96.

Key valuation signals for XSWX:LEG:

  • Cyclically Adjusted PB Ratio: 0.53 (36% below median its 10-year median of 0.83)
  • GF Value™: CHF69.96 vs. price of CHF51.05 (27% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 25.4% below the Real Estate median (#586 of 1440)

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


LEG Immobilien SE Business Description

Address Flughafenstrasse 99, Dusseldorf, NW, DEU, 40474
LEG Immobilien SE is a property company that manages its own residential portfolio. The company's property portfolio includes residential units, commercial units and garages and parking spaces. It divides the portfolio into three overarching clusters: high-growth, stable, and higher yielding markets. The company holds properties in North Rhine-Westphalia, Bremen, Schleswig-Holstein, Hesse, and Rhineland-Palatinate.
68GF Score

Get the complete analysis for XSWX:LEG

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

CHF51.05
Price
CHF69.96
GF Value