COYJF (Citycon Oyj) Cyclically Adjusted Book per Share: $28.93 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

COYJF Citycon Oyj COYJF
73 GF Score
Price $3.35
GF Value $4.29
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Citycon Oyj Cyclically Adjusted Book per Share?

Citycon Oyj COYJF 73 Cyclically Adjusted Book per Share is $28.93 as of Jun. 2026. GuruFocus rates COYJF with a GF Score™ of 73/100 and a GF Value™ of $4.29 (Possible Value Trap). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Citycon Oyj's adjusted book value per share for the three months ended in Jun. 2026 was $10.984. 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 $28.93 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Citycon Oyj's average Cyclically Adjusted Book Growth Rate was -2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Citycon Oyj was 4.50% per year. The lowest was -1.50% per year. And the median was 1.45% per year.

As of today (2026-08-19), Citycon Oyj's current stock price is $3.35. Citycon Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $28.93. Citycon Oyj's Cyclically Adjusted PB Ratio of today is 0.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Citycon Oyj was 0.86. The lowest was 0.19. And the median was 0.50.


Citycon Oyj  (OTCPK:COYJF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Citycon Oyj's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.35/28.93
=0.12

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Citycon Oyj was 0.86. The lowest was 0.19. And the median was 0.50.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Citycon Oyj Cyclically Adjusted Book per Share Related Terms


Citycon Oyj Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Citycon Oyj's Cyclically Adjusted Book per Share 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.

Citycon Oyj Cyclically Adjusted Book per Share Chart

Citycon Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.46 13.98 17.15 27.05 21.08

Citycon Oyj Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 22.47 25.98 21.08 26.46 28.93

Citycon Oyj Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Diversified subindustry, Citycon Oyj'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.


Citycon Oyj Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


COYJF
73GF Score
Citycon Oyj COYJF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Citycon Oyj Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Citycon Oyj'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)
=10.984/125.0800*125.0800
=10.984

Current CPI (Jun. 2026) = 125.0800.

Citycon Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.599 100.540 18.162
201612 13.698 101.020 16.960
201703 13.835 100.910 17.149
201706 14.290 101.140 17.672
201709 15.088 101.320 18.626
201712 14.681 101.510 18.090
201803 15.257 101.730 18.759
201806 14.311 102.320 17.494
201809 14.111 102.600 17.203
201812 13.351 102.710 16.259
201903 13.258 102.870 16.120
201906 13.066 103.360 15.812
201909 12.507 103.540 15.109
201912 14.513 103.650 17.514
202003 13.443 103.490 16.247
202006 13.693 103.320 16.577
202009 14.093 103.710 16.997
202012 14.802 103.890 17.821
202103 14.650 104.870 17.473
202106 17.167 105.360 20.380
202109 16.652 106.290 19.596
202112 16.722 107.490 19.458
202203 16.444 110.950 18.538
202206 15.394 113.570 16.954
202209 14.211 114.920 15.467
202212 14.567 117.320 15.531
202303 14.161 119.750 14.791
202306 14.209 120.690 14.726
202309 13.722 121.280 14.152
202312 12.602 121.540 12.969
202403 12.034 122.360 12.302
202406 12.015 122.230 12.295
202409 12.097 122.260 12.376
202412 10.563 122.390 10.795
202503 11.154 123.010 11.342
202506 12.016 122.530 12.266
202509 12.015 122.880 12.230
202512 12.115 122.670 12.353
202603 10.998 124.670 11.034
202606 10.984 125.080 10.984

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $28.93 mean?
Citycon Oyj (COYJF) has a Cyclically Adjusted Book per Share of $28.93 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Citycon Oyj and its competitors.
Is Citycon Oyj's Cyclically Adjusted Book per Share too high?
Citycon Oyj's current Cyclically Adjusted Book per Share is $28.93. Overall, Citycon Oyj has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Citycon Oyj's Cyclically Adjusted Book per Share compare to competitors?
Citycon Oyj's Cyclically Adjusted Book per Share of $28.93 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Citycon Oyj and its competitors. Citycon Oyj's current Cyclically Adjusted Book per Share is $28.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citycon Oyj stock overvalued right now?
Based on GuruFocus' analysis, Citycon Oyj (COYJF) is currently considered Possible Value Trap. The stock's GF Value™ is $4.29, compared to a current price of $3.35 — trading 21.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is $28.93. Citycon Oyj's overall GF Score™ is 73/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Citycon Oyj (COYJF), the current Cyclically Adjusted Book per Share is $28.93 as of Jun. 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 Citycon Oyj (COYJF) Overvalued in 2026?

Based on GuruFocus' analysis, Citycon Oyj stock appears to be undervalued. The current stock price of $3.35 is trading 21.9% below its estimated GF Value™ of $4.29. GuruFocus considers Citycon Oyj to be Possible Value Trap.

Key valuation signals for COYJF:

  • Cyclically Adjusted Book per Share: $28.93
  • GF Value™: $4.29 vs. price of $3.35 (21.9% below fair value)
  • GF Score™: 73/100 with 5 warning signs

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


Citycon Oyj Business Description

Address Piispansilta 9 A 1, Iso Omena, Espoo, FIN, 02230
Citycon Oyj owns, develops, and manages shopping centers and other retail properties in Finland, Norway, Sweden, Estonia, and Denmark. The company owns 28 centers. Among those centers, 9 are located in Finland, 1 in Estonia, 10 in Norway, 6 in Sweden, and 2 in Denmark. Citycon's business operations units: Finland & Estonia, Norway, and Sweden & Denmark. The business units are further subdivided into clusters. The Finnish, Estonian, and Danish unit is composed of two clusters, the Swedish unit of one cluster and the Norwegian unit of two.
73GF Score

Get the complete analysis for COYJF

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

$3.35
Price
$4.29
GF Value