Larkberget AB (FRA:COJ0) Cyclically Adjusted Book per Share: €0.45 (As of Dec. 2025)

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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.

FRA:COJ0 Larkberget AB FRA:COJ0
32 GF Score
Price €0.16
GF Value €0.02
! 3 Warning Signs
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What is Larkberget AB Cyclically Adjusted Book per Share?

Larkberget AB FRA:COJ0 -0.63% 32 Cyclically Adjusted Book per Share is €0.45 as of Dec. 2025. GuruFocus rates FRA:COJ0 with a GF Score™ of 32/100 and a GF Value™ of €0.02. The stock has 3 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.

Larkberget AB's adjusted book value per share data for the fiscal year that ended in Dec. 2025 was €0.258. 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 €0.45 for the trailing ten years ended in Dec. 2025.

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.

As of today (2026-07-18), Larkberget AB's current stock price is € 0.157. Larkberget AB's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2025 was €0.45. Larkberget AB's Cyclically Adjusted PB Ratio of today is 0.35.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Larkberget AB was 0.36. The lowest was 0.00. And the median was 0.00.


Larkberget AB  (FRA:COJ0) 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.

Larkberget AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.157/0.45
=0.35

* 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 10 years, the highest Cyclically Adjusted PB Ratio of Larkberget AB was 0.36. The lowest was 0.00. And the median was 0.00.


Be Aware

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


Larkberget AB Cyclically Adjusted Book per Share Related Terms


Larkberget AB Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Larkberget AB'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.

Larkberget AB Cyclically Adjusted Book per Share Chart

Larkberget AB 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 0.00 0.00 0.00 0.00 0.45

Larkberget AB Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 0.45

FRA:COJ0 vs BLK, BX, KKR: Cyclically Adjusted Book per Share Comparison

For the Asset Management subindustry, Larkberget AB'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.


Larkberget AB Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Larkberget AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:COJ0
32GF Score
Larkberget AB FRA:COJ0
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Larkberget AB 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, Larkberget AB's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_Book=Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.258/133.3900*133.3900
=0.258

Current CPI (Dec. 2025) = 133.3900.

Larkberget AB Annual Data

Book Value per Share CPI Adj_Book
201612 0.391 102.022 0.511
201712 0.434 103.793 0.558
201812 0.748 105.912 0.942
201912 0.525 107.766 0.650
202012 0.593 108.296 0.730
202112 0.778 112.486 0.923
202212 0.699 126.365 0.738
202312 0.526 131.912 0.532
202412 0.315 132.987 0.316
202512 0.258 133.390 0.258

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 €0.45 mean?
Larkberget AB (FRA:COJ0) has a Cyclically Adjusted Book per Share of €0.45 as of Dec. 2025. 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 Larkberget AB and its competitors.
Is Larkberget AB's Cyclically Adjusted Book per Share too high?
Larkberget AB's current Cyclically Adjusted Book per Share is €0.45. Overall, Larkberget AB has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Larkberget AB's Cyclically Adjusted Book per Share compare to BLK and BX?
Larkberget AB's Cyclically Adjusted Book per Share of €0.45 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Cyclically Adjusted Book per Share depends on the Asset Management 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 Larkberget AB and its competitors. Larkberget AB's current Cyclically Adjusted Book per Share is €0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Larkberget AB stock overvalued right now?
Larkberget AB (FRA:COJ0) has a current Cyclically Adjusted Book per Share of €0.45. The stock's GF Value™ is €0.02, compared to a current price of €0.16 — trading 685% above its estimated fair value. The current Cyclically Adjusted Book per Share is €0.45. Larkberget AB's overall GF Score™ is 32/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Larkberget AB (FRA:COJ0), the current Cyclically Adjusted Book per Share is €0.45 as of Dec. 2025. 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 Larkberget AB (FRA:COJ0) Overvalued in 2026?

Based on GuruFocus' analysis, Larkberget AB stock appears to be overvalued. The current stock price of €0.16 is trading 685% above its estimated GF Value™ of €0.02.

Key valuation signals for FRA:COJ0:

  • Cyclically Adjusted Book per Share: €0.45
  • GF Value™: €0.02 vs. price of €0.16 (685% above fair value)
  • GF Score™: 32/100 with 3 warning signs

No single metric tells the full story. See the FRA:COJ0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Larkberget AB Business Description

Other Exchanges LARK:Sweden
Address Nybrogatan 7, Stockholm, SWE, SE-114 34
Larkberget AB is an investment company with a focus on long-term investments and sustainable value growth for shareholders. Its investment mandate, divided into four main areas of operation Direct investments in low-risk instruments, Financial investments, Direct investments in unlisted profitable companies, and Reverse acquisition platform.
32GF Score

Get the complete analysis for FRA:COJ0

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

€0.16
Price
€0.02
GF Value