Allgeier SE (XTER:AEIN) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTER:AEIN Allgeier SE XTER:AEIN
66 GF Score
Price €15.90
GF Value €17.04
Valuation Fairly Valued
! 5 Warning Signs
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What is Allgeier SE Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Allgeier SE  (XTER:AEIN) 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.


Allgeier SE Cyclically Adjusted PB Ratio Related Terms


Allgeier SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Allgeier 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.

Allgeier SE Cyclically Adjusted PB Ratio Chart

Allgeier 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 4.66 2.21 1.63 1.13 1.57

Allgeier SE 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 1.49 1.39 1.57 1.25 0.00

XTER:AEIN vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Allgeier 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.


Allgeier SE Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Allgeier SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XTER:AEIN
66GF Score
Allgeier SE XTER:AEIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Allgeier 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.

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

For example, Allgeier SE'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)
=11.208/131.3638*131.3638
=11.208

Current CPI (Jun. 2026) = 131.3638.

Allgeier SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.940 101.017 14.227
201612 11.592 101.217 15.045
201703 11.644 101.417 15.082
201706 11.001 102.117 14.152
201709 11.036 102.717 14.114
201712 10.478 102.617 13.413
201803 10.976 102.917 14.010
201806 11.460 104.017 14.473
201809 11.077 104.718 13.896
201812 10.807 104.217 13.622
201903 11.463 104.217 14.449
201906 13.528 105.718 16.810
201909 13.624 106.018 16.881
201912 12.790 105.818 15.878
202003 12.558 105.718 15.604
202006 12.459 106.618 15.351
202009 16.914 105.818 20.997
202012 8.966 105.518 11.162
202103 9.022 107.518 11.023
202106 8.835 108.486 10.698
202109 9.192 109.435 11.034
202112 10.074 110.384 11.989
202203 10.208 113.968 11.766
202206 10.348 115.760 11.743
202209 10.467 118.818 11.572
202212 11.565 119.345 12.730
202303 11.710 122.402 12.567
202306 11.241 123.140 11.992
202309 11.356 124.195 12.012
202312 12.109 123.773 12.852
202403 12.062 125.038 12.672
202406 11.485 125.882 11.985
202409 11.997 126.198 12.488
202412 12.157 127.041 12.571
202503 11.930 127.779 12.265
202506 11.115 128.412 11.371
202509 11.249 129.255 11.433
202512 13.292 129.361 13.498
202603 12.505 131.258 12.515
202606 11.208 131.364 11.208

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.

Is Allgeier SE (XTER:AEIN) Overvalued in 2026?

Based on GuruFocus' analysis, Allgeier SE stock appears to be undervalued. The current stock price of €15.90 is trading 6.7% below its estimated GF Value™ of €17.04. GuruFocus considers Allgeier SE to be Fairly Valued.

Key valuation signals for XTER:AEIN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €17.04 vs. price of €15.90 (6.7% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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


Allgeier SE Business Description

Other Exchanges 0RUM:UK
Address Montgelasstrasse 14, Munich, DEU, 81679
Allgeier SE offers IT services. The company offers its clients a full-service approach, from design to implementing and operating their IT environment. Its business consists of two segments namely Enterprise IT, and MGM technology partners. The company also provides nearshore/offshore delivery services; data/business intelligence services; industry solutions and cloud services; managed and application management services; mobile enterprise/application services; and process and IT consulting services. The company has many branches in Germany, Austria, Switzerland, India, China, Singapore, Vietnam, Malaysia, Japan, Australia, South Africa, Mexico, and the USA. It generates the majority of revenue from the Enterprise IT segment.
66GF Score

Get the complete analysis for XTER:AEIN

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

€15.90
Price
€17.04
GF Value