Zublin Immobilien Holding AG (XSWX:ZUBN) Cyclically Adjusted PB Ratio: 1.22 (As of Jul. 17, 2026) — 1425% Above Median

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XSWX:ZUBN Zublin Immobilien Holding AG XSWX:ZUBN
54 GF Score
Price CHF52.00
GF Value CHF31.87
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Zublin Immobilien Holding AG Cyclically Adjusted PB Ratio?

Zublin Immobilien Holding AG XSWX:ZUBN -3.35% 54 Cyclically Adjusted PB Ratio is 1.22 as of Jul. 17, 2026, which is 1425% above its 10-year median of 0.08. GuruFocus rates XSWX:ZUBN with a GF Score™ of 54/100 and a GF Value™ of CHF31.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,437 Real Estate companies, Zublin Immobilien Holding AG ranks worse than 71.47% on this metric.

As of today (2026-07-17), Zublin Immobilien Holding AG's current share price is CHF52.00. Zublin Immobilien Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was CHF42.48. Zublin Immobilien Holding AG's Cyclically Adjusted PB Ratio for today is 1.22.

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

XSWX:ZUBN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.08   Max: 1.59
Current: 1.25

During the past 13 years, Zublin Immobilien Holding AG's highest Cyclically Adjusted PB Ratio was 1.59. The lowest was 0.01. And the median was 0.08.

XSWX:ZUBN's Cyclically Adjusted PB Ratio is ranked worse than
71.47% of 1437 companies
in the Real Estate industry
Industry Median: 0.71 vs XSWX:ZUBN: 1.25

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.

Zublin Immobilien Holding AG's adjusted book value per share data of for the fiscal year that ended in Mar26 was CHF45.078. 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 CHF42.48 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zublin Immobilien Holding AG  (XSWX:ZUBN) 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.


Zublin Immobilien Holding AG Cyclically Adjusted PB Ratio Related Terms


Zublin Immobilien Holding AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zublin Immobilien Holding 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.

Zublin Immobilien Holding AG Cyclically Adjusted PB Ratio Chart

Zublin Immobilien Holding AG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.22 0.55 0.87 1.14

Zublin Immobilien Holding AG Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.55 0.00 0.87 0.00 1.14

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

For the Real Estate Services subindustry, Zublin Immobilien Holding 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.


Zublin Immobilien Holding AG Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


XSWX:ZUBN
54GF Score
Zublin Immobilien Holding AG XSWX:ZUBN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zublin Immobilien Holding 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.

Zublin Immobilien Holding AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.00/42.48
=1.22

* 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.

Zublin Immobilien Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Zublin Immobilien Holding AG's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=45.078/108.0600*108.0600
=45.078

Current CPI (Mar26) = 108.0600.

Zublin Immobilien Holding AG Annual Data

Book Value per Share CPI Adj_Book
201703 36.821 100.040 39.773
201803 38.851 100.836 41.634
201903 39.706 101.571 42.243
202003 40.099 101.048 42.882
202103 40.327 100.800 43.232
202203 41.165 103.205 43.101
202303 41.770 106.245 42.484
202403 41.186 107.355 41.457
202503 42.812 107.722 42.946
202603 45.078 108.060 45.078

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 1.22 mean?
Zublin Immobilien Holding AG (XSWX:ZUBN) has a Cyclically Adjusted PB Ratio of 1.22 as of Jul. 17, 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 Zublin Immobilien Holding AG and its competitors. This is 1425% above median its historical median of 0.08. Over the past decade, Zublin Immobilien Holding AG's Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.59. According to the industry distribution chart, Zublin Immobilien Holding AG ranks #1027 out of 1437 companies in the Real Estate industry, placing it in the top 71.5%.
Is Zublin Immobilien Holding AG's Cyclically Adjusted PB Ratio too high?
Zublin Immobilien Holding AG's current Cyclically Adjusted PB Ratio of 1.22 is 1425% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.59. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Zublin Immobilien Holding AG's value of 1.22 is 71.8% above this industry median. Based on the distribution chart, Zublin Immobilien Holding AG ranks #1027 out of 1437 companies in the Real Estate industry, which is below the industry midpoint. Overall, Zublin Immobilien Holding AG has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zublin Immobilien Holding AG's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Zublin Immobilien Holding AG ranks #1027 out of 1437 companies for Cyclically Adjusted PB Ratio. This places Zublin Immobilien Holding AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. Zublin Immobilien Holding AG's value of 1.22 is 71.8% above this benchmark. Historically, Zublin Immobilien Holding AG's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 1.59 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.71, Zublin Immobilien Holding AG has consistently been above 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 1,437 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. Zublin Immobilien Holding AG's current Cyclically Adjusted PB Ratio of 1.22 is 71.8% above 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 Zublin Immobilien Holding AG 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. Zublin Immobilien Holding AG's current Cyclically Adjusted PB Ratio is 1.22, which is 1425% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zublin Immobilien Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Zublin Immobilien Holding AG (XSWX:ZUBN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF31.87, compared to a current price of CHF52.00 — trading 63.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.22, which is 1425% above median its 10-year median of 0.08 and 71.8% above the Real Estate industry median of 0.71. Zublin Immobilien Holding AG's overall GF Score™ is 54/100 with 4 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 Zublin Immobilien Holding AG (XSWX:ZUBN), the current Cyclically Adjusted PB Ratio is 1.22 as of Jul. 17, 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 Zublin Immobilien Holding AG (XSWX:ZUBN) Overvalued in 2026?

Based on GuruFocus' analysis, Zublin Immobilien Holding AG stock appears to be overvalued. The current stock price of CHF52.00 is trading 63.2% above its estimated GF Value™ of CHF31.87. GuruFocus considers Zublin Immobilien Holding AG to be Significantly Overvalued.

Key valuation signals for XSWX:ZUBN:

  • Cyclically Adjusted PB Ratio: 1.22 (1425% above median its 10-year median of 0.08)
  • GF Value™: CHF31.87 vs. price of CHF52.00 (63.2% above fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 71.8% above the Real Estate median (#1027 of 1437)

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


Zublin Immobilien Holding AG Business Description

Other Exchanges ZUBNz:UK0REW:UK61Z1:Germany
Address Hardturmstrasse 76, Zurich, CHE, CH-8005
Zublin Immobilien Holding AG is a real estate company. The company's portfolio is focused on the management of the real estate portfolio. Some of the projects include Zurich Holbeinstrasse, Zurich Hardturmstrasse, egg gewerbestrasse, and Bern morgenstrasse. It derives revenue from rental income.
54GF Score

Get the complete analysis for XSWX:ZUBN

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

CHF52.00
Price
CHF31.87
GF Value