Polygon Real Estate (XTAE:POLY) Cyclically Adjusted PB Ratio: 1.79 (As of Sep. 01, 2026) — Near Median

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XTAE:POLY Polygon Real Estate Ltd XTAE:POLY
83 GF Score
Price ₪52.55
GF Value ₪46.48
Valuation Modestly Overvalued
View Full Analysis

What is Polygon Real Estate Cyclically Adjusted PB Ratio?

Polygon Real Estate XTAE:POLY -1.74% 83 Cyclically Adjusted PB Ratio is 1.79 as of Sep. 01, 2026, which is 7% above its 10-year median of 1.68. GuruFocus rates XTAE:POLY with a GF Score™ of 83/100 and a GF Value™ of ₪46.48 (Modestly Overvalued). Among 1,301 Real Estate companies, Polygon Real Estate ranks worse than 83.78% on this metric.

As of today (2026-09-01), Polygon Real Estate's current share price is ₪52.55. Polygon Real Estate's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was ₪29.31. Polygon Real Estate's Cyclically Adjusted PB Ratio for today is 1.79.

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

XTAE:POLY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 1.68   Max: 2.06
Current: 1.82

During the past 13 years, Polygon Real Estate's highest Cyclically Adjusted PB Ratio was 2.06. The lowest was 1.15. And the median was 1.68.

XTAE:POLY's Cyclically Adjusted PB Ratio is ranked worse than
83.78% of 1301 companies
in the Real Estate industry
Industry Median: 0.67 vs XTAE:POLY: 1.82

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.

Polygon Real Estate's adjusted book value per share data of for the fiscal year that ended in Dec25 was ₪39.183. 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 ₪29.31 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polygon Real Estate  (XTAE:POLY) 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.


Polygon Real Estate Cyclically Adjusted PB Ratio Related Terms


Polygon Real Estate Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Polygon Real Estate'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.

Polygon Real Estate Cyclically Adjusted PB Ratio Chart

Polygon Real Estate 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 1.30 1.31 1.72 1.91

Polygon Real Estate Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.31 0.00 1.72 0.00 1.91

XTAE:POLY vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Polygon Real Estate'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.


Polygon Real Estate Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Polygon Real Estate's Cyclically Adjusted PB Ratio falls into.


XTAE:POLY
83GF Score
Polygon Real Estate Ltd XTAE:POLY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polygon Real Estate 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.

Polygon Real Estate's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.55/29.31
=1.79

* 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.

Polygon Real Estate's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Polygon Real Estate'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)
=39.183/324.0540*324.0540
=39.183

Current CPI (Dec25) = 324.0540.

Polygon Real Estate Annual Data

Book Value per Share CPI Adj_Book
201612 17.322 241.432 23.250
201712 18.868 246.524 24.802
201812 18.830 251.233 24.288
201912 20.359 256.974 25.673
202012 22.040 260.474 27.420
202112 24.101 278.802 28.013
202212 28.294 296.797 30.892
202312 31.566 306.746 33.347
202412 35.316 315.605 36.261
202512 39.183 324.054 39.183

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 1.79 mean?
Polygon Real Estate (XTAE:POLY) has a Cyclically Adjusted PB Ratio of 1.79 as of Sep. 01, 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 Polygon Real Estate and its competitors. This is near median its historical median of 1.68. Over the past decade, Polygon Real Estate's Cyclically Adjusted PB Ratio has ranged from 1.15 to 2.06. According to the industry distribution chart, Polygon Real Estate ranks #1090 out of 1301 companies in the Real Estate industry, placing it in the top 83.8%.
Is Polygon Real Estate's Cyclically Adjusted PB Ratio too high?
Polygon Real Estate's current Cyclically Adjusted PB Ratio of 1.79 is near median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 2.06. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. Polygon Real Estate's value of 1.79 is 167.2% above this industry median. Based on the distribution chart, Polygon Real Estate ranks #1090 out of 1301 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Polygon Real Estate has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polygon Real Estate's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Polygon Real Estate ranks #1090 out of 1301 companies for Cyclically Adjusted PB Ratio. This places Polygon Real Estate in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. Polygon Real Estate's value of 1.79 is 167.2% above this benchmark. Historically, Polygon Real Estate's own Cyclically Adjusted PB Ratio has ranged from 1.15 to 2.06 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 0.67, Polygon Real Estate 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 0.67, based on 1,301 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. Polygon Real Estate's current Cyclically Adjusted PB Ratio of 1.79 is 167.2% 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 Polygon Real Estate and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polygon Real Estate's current Cyclically Adjusted PB Ratio is 1.79, which is near median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polygon Real Estate stock overvalued right now?
Based on GuruFocus' analysis, Polygon Real Estate (XTAE:POLY) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪46.48, compared to a current price of ₪52.55 — trading 13.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.79, which is near median its 10-year median of 1.68 and 167.2% above the Real Estate industry median of 0.67. Polygon Real Estate's overall GF Score™ is 83/100. 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 Polygon Real Estate (XTAE:POLY), the current Cyclically Adjusted PB Ratio is 1.79 as of Sep. 01, 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 Polygon Real Estate (XTAE:POLY) Overvalued in 2026?

Based on GuruFocus' analysis, Polygon Real Estate stock appears to be overvalued. The current stock price of ₪52.55 is trading 13.1% above its estimated GF Value™ of ₪46.48. GuruFocus considers Polygon Real Estate to be Modestly Overvalued.

Key valuation signals for XTAE:POLY:

  • Cyclically Adjusted PB Ratio: 1.79 (near median its 10-year median of 1.68)
  • GF Value™: ₪46.48 vs. price of ₪52.55 (13.1% above fair value)
  • GF Score™: 83/100
  • Industry Position: 167.2% above the Real Estate median (#1090 of 1301)

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


Polygon Real Estate Business Description

Address Granit Street 8, Petah Tikva, ISR
Polygon Real Estate Ltd provides real estate services. It develops real estate projects. The company operates in the field of real estate within which the company engages in the initiation, development, purchase and construction of commercial buildings as well as the leasing of real estate assets that it owns.
83GF Score

Get the complete analysis for XTAE:POLY

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

₪52.55
Price
₪46.48
GF Value