Beijer Ref AB (LTS:0A0H) Cyclically Adjusted Book per Share: kr28.91 (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.

LTS:0A0H Beijer Ref AB LTS:0A0H
91 GF Score
Price kr133.70
GF Value kr145.99
Valuation Fairly Valued
! 4 Warning Signs
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What is Beijer Ref AB Cyclically Adjusted Book per Share?

Beijer Ref AB LTS:0A0H 91 Cyclically Adjusted Book per Share is kr28.91 as of Jun. 2026. GuruFocus rates LTS:0A0H with a GF Score™ of 91/100 and a GF Value™ of kr145.99 (Fairly Valued). The stock has 4 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.

Beijer Ref AB's adjusted book value per share for the three months ended in Jun. 2026 was kr46.522. 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 kr28.91 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Beijer Ref AB's average Cyclically Adjusted Book Growth Rate was -5.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.00% 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 Beijer Ref AB was 7.60% per year. The lowest was -2.30% per year. And the median was 3.05% per year.

As of today (2026-07-22), Beijer Ref AB's current stock price is kr133.70. Beijer Ref AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr28.91. Beijer Ref AB's Cyclically Adjusted PB Ratio of today is 4.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Beijer Ref AB was 6.32. The lowest was 0.92. And the median was 3.97.


Beijer Ref AB  (LTS:0A0H) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=133.70/28.91
=4.62

* 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 Beijer Ref AB was 6.32. The lowest was 0.92. And the median was 3.97.


Be Aware

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


Beijer Ref AB Cyclically Adjusted Book per Share Related Terms


Beijer Ref AB Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Beijer Ref 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.

Beijer Ref AB Cyclically Adjusted Book per Share Chart

Beijer Ref 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 21.29 32.96 34.94 28.14 29.08

Beijer Ref AB 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 29.12 28.70 29.08 32.68 28.91

LTS:0A0H vs GWW, FAST, FERG: Cyclically Adjusted Book per Share Comparison

For the Industrial Distribution subindustry, Beijer Ref 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.


Beijer Ref AB Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Beijer Ref AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0A0H
91GF Score
Beijer Ref AB LTS:0A0H
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijer Ref 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, Beijer Ref AB'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)
=46.522/134.1100*134.1100
=46.522

Current CPI (Jun. 2026) = 134.1100.

Beijer Ref AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 67.609 101.138 89.651
201612 6.997 102.022 9.198
201703 71.996 102.022 94.641
201706 7.102 102.752 9.269
201709 71.383 103.279 92.692
201712 7.761 103.793 10.028
201803 28.206 103.962 36.386
201806 8.932 104.875 11.422
201809 8.947 105.679 11.354
201812 8.935 105.912 11.314
201903 9.759 105.886 12.360
201906 9.586 106.742 12.044
201909 10.350 107.214 12.946
201912 10.329 107.766 12.854
202003 10.883 106.563 13.696
202006 10.235 107.498 12.769
202009 10.782 107.635 13.434
202012 10.643 108.296 13.180
202103 11.776 108.360 14.574
202106 11.254 108.928 13.856
202109 11.913 110.338 14.480
202112 12.450 112.486 14.843
202203 13.822 114.825 16.143
202206 14.231 118.384 16.121
202209 15.581 122.296 17.086
202212 15.896 126.365 16.870
202303 40.769 127.042 43.037
202306 43.023 129.407 44.587
202309 43.636 130.224 44.938
202312 42.073 131.912 42.774
202403 44.746 132.205 45.391
202406 44.592 132.716 45.060
202409 44.340 132.304 44.945
202412 47.476 132.987 47.877
202503 43.649 132.825 44.071
202506 43.136 133.699 43.269
202509 43.359 133.480 43.564
202512 42.996 133.390 43.228
202603 45.263 133.560 45.449
202606 46.522 134.110 46.522

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 kr28.91 mean?
Beijer Ref AB (LTS:0A0H) has a Cyclically Adjusted Book per Share of kr28.91 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 Beijer Ref AB and its competitors.
Is Beijer Ref AB's Cyclically Adjusted Book per Share too high?
Beijer Ref AB's current Cyclically Adjusted Book per Share is kr28.91. Overall, Beijer Ref AB has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Beijer Ref AB's Cyclically Adjusted Book per Share compare to GWW and FAST?
Beijer Ref AB's Cyclically Adjusted Book per Share of kr28.91 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good Cyclically Adjusted Book per Share depends on the Industrial Distribution 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 Beijer Ref AB and its competitors. Beijer Ref AB's current Cyclically Adjusted Book per Share is kr28.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijer Ref AB stock overvalued right now?
Based on GuruFocus' analysis, Beijer Ref AB (LTS:0A0H) is currently considered Fairly Valued. The stock's GF Value™ is kr145.99, compared to a current price of kr133.70 — trading 8.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is kr28.91. Beijer Ref AB's overall GF Score™ is 91/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Beijer Ref AB (LTS:0A0H), the current Cyclically Adjusted Book per Share is kr28.91 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 Beijer Ref AB (LTS:0A0H) Overvalued in 2026?

Based on GuruFocus' analysis, Beijer Ref AB stock appears to be undervalued. The current stock price of kr133.70 is trading 8.4% below its estimated GF Value™ of kr145.99. GuruFocus considers Beijer Ref AB to be Fairly Valued.

Key valuation signals for LTS:0A0H:

  • Cyclically Adjusted Book per Share: kr28.91
  • GF Value™: kr145.99 vs. price of kr133.70 (8.4% below fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the LTS:0A0H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beijer Ref AB Business Description

Address Stortorget 8, Malmo, SWE, SE-211 34
Beijer Ref AB is a technology-oriented trading group that, through value-added products, offers its customers competitive solutions in refrigeration and air conditioning. The product range consists mainly of products from international manufacturers, and also some manufacturing of the group's own products combined with service and support for the products. Its segments include EMEA, North America and APAC.
91GF Score

Get the complete analysis for LTS:0A0H

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

kr133.70
Price
kr145.99
GF Value