Nepa AB (OSTO:NEPA) Cyclically Adjusted Book per Share: kr10.50 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

OSTO:NEPA Nepa AB OSTO:NEPA
59 GF Score
Price kr20.40
GF Value kr19.78
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Nepa AB Cyclically Adjusted Book per Share?

Nepa AB OSTO:NEPA -1.92% 59 Cyclically Adjusted Book per Share is kr10.50 as of Mar. 2026. GuruFocus rates OSTO:NEPA with a GF Score™ of 59/100 and a GF Value™ of kr19.78 (Fairly Valued). The stock has 6 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.

Nepa AB's adjusted book value per share for the three months ended in Mar. 2026 was kr3.844. 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 kr10.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nepa AB's average Cyclically Adjusted Book Growth Rate was -3.30% 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.

As of today (2026-07-16), Nepa AB's current stock price is kr20.40. Nepa AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr10.50. Nepa AB's Cyclically Adjusted PB Ratio of today is 1.94.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Nepa AB was 2.09. The lowest was 1.30. And the median was 1.73.


Nepa AB  (OSTO:NEPA) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.40/10.50
=1.94

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Nepa AB was 2.09. The lowest was 1.30. And the median was 1.73.


Be Aware

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


Nepa AB Cyclically Adjusted Book per Share Related Terms


Nepa AB Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Nepa 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.

Nepa AB Cyclically Adjusted Book per Share Chart

Nepa 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 10.67 10.65

Nepa AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 10.86 10.76 10.57 10.65 10.50

OSTO:NEPA vs CTAS, CPRT, ULS: Cyclically Adjusted Book per Share Comparison

For the Specialty Business Services subindustry, Nepa 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.


Nepa AB Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Nepa AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:NEPA
59GF Score
Nepa AB OSTO:NEPA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nepa 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, Nepa AB's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.844/133.5600*133.5600
=3.844

Current CPI (Mar. 2026) = 133.5600.

Nepa AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.241 101.019 13.540
201609 9.858 101.138 13.018
201612 9.901 102.022 12.962
201703 8.997 102.022 11.778
201706 7.930 102.752 10.308
201709 6.863 103.279 8.875
201712 7.003 103.793 9.011
201803 6.272 103.962 8.058
201806 6.078 104.875 7.740
201809 5.624 105.679 7.108
201812 9.510 105.912 11.993
201903 9.020 105.886 11.377
201906 8.948 106.742 11.196
201909 7.332 107.214 9.134
201912 6.417 107.766 7.953
202003 6.416 106.563 8.041
202006 6.870 107.498 8.536
202009 7.667 107.635 9.514
202012 8.276 108.296 10.207
202103 9.104 108.360 11.221
202106 10.500 108.928 12.874
202109 11.748 110.338 14.220
202112 13.074 112.486 15.523
202203 14.016 114.825 16.303
202206 13.846 118.384 15.621
202209 14.462 122.296 15.794
202212 13.950 126.365 14.744
202303 13.427 127.042 14.116
202306 11.740 129.407 12.117
202309 10.946 130.224 11.226
202312 10.998 131.912 11.135
202403 10.894 132.205 11.006
202406 9.822 132.716 9.884
202409 9.651 132.304 9.743
202412 9.494 132.987 9.535
202503 7.772 132.825 7.815
202506 4.604 133.699 4.599
202509 3.940 133.480 3.942
202512 4.275 133.390 4.280
202603 3.844 133.560 3.844

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 kr10.50 mean?
Nepa AB (OSTO:NEPA) has a Cyclically Adjusted Book per Share of kr10.50 as of Mar. 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 Nepa AB and its competitors.
Is Nepa AB's Cyclically Adjusted Book per Share too high?
Nepa AB's current Cyclically Adjusted Book per Share is kr10.50. Overall, Nepa AB has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nepa AB's Cyclically Adjusted Book per Share compare to CTAS and CPRT?
Nepa AB's Cyclically Adjusted Book per Share of kr10.50 can be compared against companies in the Business Services 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 Business Services company?
A good Cyclically Adjusted Book per Share depends on the Business Services 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 Nepa AB and its competitors. Nepa AB's current Cyclically Adjusted Book per Share is kr10.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nepa AB stock overvalued right now?
Based on GuruFocus' analysis, Nepa AB (OSTO:NEPA) is currently considered Fairly Valued. The stock's GF Value™ is kr19.78, compared to a current price of kr20.40 — trading 3.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is kr10.50. Nepa AB's overall GF Score™ is 59/100 with 6 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 Nepa AB (OSTO:NEPA), the current Cyclically Adjusted Book per Share is kr10.50 as of Mar. 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 Nepa AB (OSTO:NEPA) Overvalued in 2026?

Based on GuruFocus' analysis, Nepa AB stock appears to be overvalued. The current stock price of kr20.40 is trading 3.1% above its estimated GF Value™ of kr19.78. GuruFocus considers Nepa AB to be Fairly Valued.

Key valuation signals for OSTO:NEPA:

  • Cyclically Adjusted Book per Share: kr10.50
  • GF Value™: kr19.78 vs. price of kr20.40 (3.1% above fair value)
  • GF Score™: 59/100 with 6 warning signs

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


Nepa AB Business Description

Address Magnus Ladulasgatan 65, Stockholm, SWE, 11827
Nepa AB is a marketing intelligence company in brand development and marketing optimization. Its offerings include brand tracking, campaign evaluations, and continuous media mix modelling, along with value-creating brand advisory services. The marketing intelligence suite offers product solutions for consumer brands to maximize short-term sales and build enduring brands. The Marketing Optimization segment, which derives the majority revenue, includes the subscription products Brand and Ad tracker, and Continuous Marketing Mix Modeling, as well as ad hoc-based advisory services such as Campaign Evaluation, Category Insight, and Market Segmentation. The Other segment comprises Nepa's tracking products and advisory services within Customer Experience, Innovation Acceleration, and panels.
59GF Score

Get the complete analysis for OSTO:NEPA

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

kr20.40
Price
kr19.78
GF Value