Seamless Distribution Systems AB (NGM:SDS) Cyclically Adjusted Book per Share: kr6.75 (As of Jun. 2026)

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NGM:SDS Seamless Distribution Systems AB NGM:SDS
26 GF Score
Price kr6.80
GF Value kr3.39
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Seamless Distribution Systems AB Cyclically Adjusted Book per Share?

Seamless Distribution Systems AB NGM:SDS -5.56% 26 Cyclically Adjusted Book per Share is kr6.75 as of Jun. 2026. GuruFocus rates NGM:SDS with a GF Score™ of 26/100 and a GF Value™ of kr3.39 (Significantly Overvalued). 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.

Seamless Distribution Systems AB's adjusted book value per share for the three months ended in Jun. 2026 was kr1.495. 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 kr6.75 for the trailing ten years ended in Jun. 2026.

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 (2026-08-27), Seamless Distribution Systems AB's current stock price is kr6.80. Seamless Distribution Systems AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr6.75. Seamless Distribution Systems AB's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Seamless Distribution Systems AB was 1.20. The lowest was 0.93. And the median was 1.11.


Seamless Distribution Systems AB  (NGM:SDS) 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.

Seamless Distribution Systems AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.80/6.75
=1.01

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Seamless Distribution Systems AB was 1.20. The lowest was 0.93. And the median was 1.11.


Be Aware

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


Seamless Distribution Systems AB Cyclically Adjusted Book per Share Related Terms


Seamless Distribution Systems AB Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Seamless Distribution Systems 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.

Seamless Distribution Systems AB Cyclically Adjusted Book per Share Chart

Seamless Distribution Systems 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 0.00

Seamless Distribution Systems 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 0.00 0.00 0.00 6.67 6.75

NGM:SDS vs MSFT, ORCL, PLTR: Cyclically Adjusted Book per Share Comparison

For the Software - Infrastructure subindustry, Seamless Distribution Systems 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.


Seamless Distribution Systems AB Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Seamless Distribution Systems AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NGM:SDS
26GF Score
Seamless Distribution Systems AB NGM:SDS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seamless Distribution Systems 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, Seamless Distribution Systems 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)
=1.495/134.6100*134.6100
=1.495

Current CPI (Jun. 2026) = 134.6100.

Seamless Distribution Systems AB Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 100.751 0.000
201609 0.000 101.138 0.000
201612 0.453 102.022 0.598
201703 1.605 102.022 2.118
201709 1.107 103.279 1.443
201712 2.363 103.793 3.065
201803 1.463 103.962 1.894
201806 2.815 104.875 3.613
201809 2.355 105.679 3.000
201812 3.089 105.912 3.926
201903 3.436 105.886 4.368
201906 3.305 106.742 4.168
201909 3.664 107.214 4.600
201912 3.611 107.766 4.510
202003 6.304 106.563 7.963
202006 6.582 107.498 8.242
202009 6.850 107.635 8.567
202012 9.172 108.296 11.401
202103 9.674 108.360 12.018
202106 12.560 108.928 15.521
202109 12.511 110.338 15.263
202112 12.966 112.486 15.516
202203 12.298 114.825 14.417
202206 13.513 118.384 15.365
202209 13.930 122.296 15.333
202212 7.864 126.365 8.377
202303 7.471 127.042 7.916
202306 8.314 129.407 8.648
202309 8.558 130.224 8.846
202312 6.500 131.912 6.633
202403 6.485 132.205 6.603
202406 6.529 132.716 6.622
202409 5.791 132.304 5.892
202412 6.066 132.987 6.140
202503 5.315 132.825 5.386
202506 2.993 133.699 3.013
202509 2.434 133.480 2.455
202512 0.199 133.390 0.201
202603 1.260 133.560 1.270
202606 1.495 134.610 1.495

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 kr6.75 mean?
Seamless Distribution Systems AB (NGM:SDS) has a Cyclically Adjusted Book per Share of kr6.75 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 Seamless Distribution Systems AB and its competitors.
Is Seamless Distribution Systems AB's Cyclically Adjusted Book per Share too high?
Seamless Distribution Systems AB's current Cyclically Adjusted Book per Share is kr6.75. Overall, Seamless Distribution Systems AB has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seamless Distribution Systems AB's Cyclically Adjusted Book per Share compare to MSFT and ORCL?
Seamless Distribution Systems AB's Cyclically Adjusted Book per Share of kr6.75 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Book per Share depends on the Software 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 Seamless Distribution Systems AB and its competitors. Seamless Distribution Systems AB's current Cyclically Adjusted Book per Share is kr6.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seamless Distribution Systems AB stock overvalued right now?
Based on GuruFocus' analysis, Seamless Distribution Systems AB (NGM:SDS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr3.39, compared to a current price of kr6.80 — trading 100.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is kr6.75. Seamless Distribution Systems AB's overall GF Score™ is 26/100 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 Seamless Distribution Systems AB (NGM:SDS), the current Cyclically Adjusted Book per Share is kr6.75 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 Seamless Distribution Systems AB (NGM:SDS) Overvalued in 2026?

Based on GuruFocus' analysis, Seamless Distribution Systems AB stock appears to be overvalued. The current stock price of kr6.80 is trading 100.6% above its estimated GF Value™ of kr3.39. GuruFocus considers Seamless Distribution Systems AB to be Significantly Overvalued.

Key valuation signals for NGM:SDS:

  • Cyclically Adjusted Book per Share: kr6.75
  • GF Value™: kr3.39 vs. price of kr6.80 (100.6% above fair value)
  • GF Score™: 26/100 with 4 warning signs

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


Seamless Distribution Systems AB Business Description

Address Vasagatan 7, Stockholm, SWE, 111 20
Seamless Distribution Systems AB is a mobile payments company that provides electronic top-up systems and mobile payment services for mobile operators, distributors, retailers, and consumers.
26GF Score

Get the complete analysis for NGM:SDS

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

kr6.80
Price
kr3.39
GF Value