Deutsche Pfandbriefbank AG (XSWX:PBB) Cyclically Adjusted PB Ratio: 0.13 (As of Jul. 11, 2026) — 35% Below Median


XSWX:PBB Deutsche Pfandbriefbank AG XSWX:PBB
53 GF Score
Price CHF3.09
GF Value CHF4.07
! 3 Warning Signs
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What is Deutsche Pfandbriefbank AG Cyclically Adjusted PB Ratio?

Deutsche Pfandbriefbank AG XSWX:PBB +0.59% 53 Cyclically Adjusted PB Ratio is 0.13 as of Jul. 11, 2026, which is 35% below its 10-year median of 0.20. GuruFocus rates XSWX:PBB with a GF Score™ of 53/100 and a GF Value™ of CHF4.07. The stock has 3 warning signs investors should review. Among 1,299 Banks companies, Deutsche Pfandbriefbank AG ranks better than 98.31% on this metric.

As of today (2026-07-11), Deutsche Pfandbriefbank AG's current share price is CHF3.094. Deutsche Pfandbriefbank AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CHF24.45. Deutsche Pfandbriefbank AG's Cyclically Adjusted PB Ratio for today is 0.13.

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

XSWX:PBB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.2   Max: 0.38
Current: 0.12

During the past years, Deutsche Pfandbriefbank AG's highest Cyclically Adjusted PB Ratio was 0.38. The lowest was 0.10. And the median was 0.20.

XSWX:PBB's Cyclically Adjusted PB Ratio is ranked better than
98.31% of 1299 companies
in the Banks industry
Industry Median: 1.24 vs XSWX:PBB: 0.12

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.

Deutsche Pfandbriefbank AG's adjusted book value per share data for the three months ended in Mar. 2026 was CHF20.995. 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 CHF24.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Pfandbriefbank AG  (XSWX:PBB) 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.


Deutsche Pfandbriefbank AG Cyclically Adjusted PB Ratio Related Terms


Deutsche Pfandbriefbank AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Deutsche Pfandbriefbank 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.

Deutsche Pfandbriefbank AG Cyclically Adjusted PB Ratio Chart

Deutsche Pfandbriefbank 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 0.00 0.27 0.23 0.17 0.15

Deutsche Pfandbriefbank AG 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 0.20 0.19 0.18 0.15 0.11

XSWX:PBB vs RKT, FNMA, PFSI: Cyclically Adjusted PB Ratio Comparison

For the Mortgage Finance subindustry, Deutsche Pfandbriefbank 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.


Deutsche Pfandbriefbank AG Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Deutsche Pfandbriefbank AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSWX:PBB
53GF Score
Deutsche Pfandbriefbank AG XSWX:PBB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Deutsche Pfandbriefbank 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.094/24.45
=0.13

* 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.

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

For example, Deutsche Pfandbriefbank AG'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)
=20.995/131.2583*131.2583
=20.995

Current CPI (Mar. 2026) = 131.2583.

Deutsche Pfandbriefbank AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 21.766 100.717 28.366
201609 22.735 101.017 29.541
201612 22.502 101.217 29.181
201703 22.382 101.417 28.968
201706 22.164 102.117 28.489
201709 23.733 102.717 30.328
201712 25.771 102.617 32.964
201803 26.043 102.917 33.215
201806 27.478 104.017 34.674
201809 27.080 104.718 33.943
201812 27.331 104.217 34.422
201903 27.516 104.217 34.655
201906 26.333 105.718 32.695
201909 26.066 106.018 32.272
201912 26.272 105.818 32.588
202003 25.571 105.718 31.749
202006 25.787 106.618 31.747
202009 26.228 105.818 32.534
202012 26.474 105.518 32.932
202103 27.451 107.518 33.512
202106 27.141 108.486 32.838
202109 27.401 109.435 32.865
202112 26.482 110.384 31.490
202203 26.191 113.968 30.164
202206 25.526 115.760 28.943
202209 24.322 118.818 26.869
202212 25.120 119.345 27.628
202303 25.414 122.402 27.253
202306 24.244 123.140 25.842
202309 23.946 124.195 25.308
202312 23.599 123.773 25.026
202403 24.320 125.038 25.530
202406 24.118 125.882 25.148
202409 23.858 126.198 24.815
202412 23.737 127.041 24.525
202503 24.486 127.779 25.153
202506 21.915 128.412 22.401
202509 21.936 129.255 22.276
202512 21.539 129.361 21.855
202603 20.995 131.258 20.995

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 0.13 mean?
Deutsche Pfandbriefbank AG (XSWX:PBB) has a Cyclically Adjusted PB Ratio of 0.13 as of Jul. 11, 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 Deutsche Pfandbriefbank AG and its competitors. This is 35% below median its historical median of 0.20. Over the past decade, Deutsche Pfandbriefbank AG's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.38. According to the industry distribution chart, Deutsche Pfandbriefbank AG ranks #22 out of 1299 companies in the Banks industry, placing it in the top 1.7%.
Is Deutsche Pfandbriefbank AG's Cyclically Adjusted PB Ratio too high?
Deutsche Pfandbriefbank AG's current Cyclically Adjusted PB Ratio of 0.13 is 35% below median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.38. The Banks industry median Cyclically Adjusted PB Ratio is 1.24. Deutsche Pfandbriefbank AG's value of 0.13 is 89.5% below this industry median. Based on the distribution chart, Deutsche Pfandbriefbank AG ranks #22 out of 1299 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Deutsche Pfandbriefbank AG has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Deutsche Pfandbriefbank AG's Cyclically Adjusted PB Ratio compare to RKT and FNMA?
According to the Banks industry distribution chart, Deutsche Pfandbriefbank AG ranks #22 out of 1299 companies for Cyclically Adjusted PB Ratio. This places Deutsche Pfandbriefbank AG in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. Deutsche Pfandbriefbank AG's value of 0.13 is 89.5% below this benchmark. Historically, Deutsche Pfandbriefbank AG's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.38 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 1.24, Deutsche Pfandbriefbank 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.24, based on 1,299 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. Deutsche Pfandbriefbank AG's current Cyclically Adjusted PB Ratio of 0.13 is 89.5% 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 Deutsche Pfandbriefbank AG and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Pfandbriefbank AG's current Cyclically Adjusted PB Ratio is 0.13, which is 35% below median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Pfandbriefbank AG stock overvalued right now?
Deutsche Pfandbriefbank AG (XSWX:PBB) has a current Cyclically Adjusted PB Ratio of 0.13. The stock's GF Value™ is CHF4.07, compared to a current price of CHF3.09 — trading 24% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.13, which is 35% below median its 10-year median of 0.20 and 89.5% below the Banks industry median of 1.24. Deutsche Pfandbriefbank AG's overall GF Score™ is 53/100 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 Deutsche Pfandbriefbank AG (XSWX:PBB), the current Cyclically Adjusted PB Ratio is 0.13 as of Jul. 11, 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 Deutsche Pfandbriefbank AG (XSWX:PBB) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Pfandbriefbank AG stock appears to be undervalued. The current stock price of CHF3.09 is trading 24% below its estimated GF Value™ of CHF4.07.

Key valuation signals for XSWX:PBB:

  • Cyclically Adjusted PB Ratio: 0.13 (35% below median its 10-year median of 0.20)
  • GF Value™: CHF4.07 vs. price of CHF3.09 (24% below fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 89.5% below the Banks median (#22 of 1299)

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


Deutsche Pfandbriefbank AG Business Description

Address Parkring 28, Garching, DEU, 85748
Deutsche Pfandbriefbank AG is a specialist bank focused on financing commercial real estate and public investments. It operates through the Real Estate Finance (REF) segment, which provides financing to professional real estate investors and developers, the Non-Core (NC) segment, which includes financing for public infrastructure and public sector lending, and the Consolidation & Adjustments (C&A) segment. In the REF segment, the bank mainly serves national and international real estate companies, institutional investors, real estate funds, and, particularly in Germany, medium-sized and regional clients, with borrowers typically structured as special purpose vehicles. The majority of the bank's revenue is derived from the Real Estate Finance segment.
53GF Score

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

CHF3.09
Price
CHF4.07
GF Value