Resurs Holding AB (OSTO:RESURS) Cyclically Adjusted Book per Share: kr41.50 (As of Sep. 2025)

Author: Vera Yuan Vera Yuan
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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.
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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:RESURS Resurs Holding AB OSTO:RESURS
6 GF Score
Price kr35.30
GF Value kr24.86
! 5 Warning Signs
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What is Resurs Holding AB Cyclically Adjusted Book per Share?

Resurs Holding AB OSTO:RESURS -0.14% 6 Cyclically Adjusted Book per Share is kr41.50 as of Sep. 2025. GuruFocus rates OSTO:RESURS with a GF Score™ of 6/100 and a GF Value™ of kr24.86. 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.

Resurs Holding AB's adjusted book value per share for the three months ended in Sep. 2025 was kr39.440. 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 kr41.50 for the trailing ten years ended in Sep. 2025.

During the past 12 months, Resurs Holding AB's average Cyclically Adjusted Book Growth Rate was 3.40% 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 (2026-07-21), Resurs Holding AB's current stock price is kr35.30. Resurs Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was kr41.50. Resurs Holding AB's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Resurs Holding AB was 0.86. The lowest was 0.57. And the median was 0.59.


Resurs Holding AB  (OSTO:RESURS) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.30/41.50
=0.85

* 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 Resurs Holding AB was 0.86. The lowest was 0.57. And the median was 0.59.


Be Aware

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


Resurs Holding AB Cyclically Adjusted Book per Share Related Terms


Resurs Holding AB Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Resurs Holding 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.

Resurs Holding AB Cyclically Adjusted Book per Share Chart

Resurs Holding AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
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 41.04

Resurs Holding AB Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 40.15 41.04 41.43 41.62 41.50

OSTO:RESURS vs V, MA, AXP: Cyclically Adjusted Book per Share Comparison

For the Credit Services subindustry, Resurs Holding 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.


Resurs Holding AB Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Resurs Holding AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:RESURS
6GF Score
Resurs Holding AB OSTO:RESURS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Resurs Holding 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, Resurs Holding AB's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book= Book Value per Share /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=39.44/133.4800*133.4800
=39.440

Current CPI (Sep. 2025) = 133.4800.

Resurs Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201512 25.021 100.276 33.306
201603 0.000 100.751 0.000
201606 27.740 101.019 36.654
201609 29.362 101.138 38.752
201612 30.496 102.022 39.899
201703 31.626 102.022 41.378
201706 29.690 102.752 38.569
201709 31.164 103.279 40.277
201712 30.944 103.793 39.795
201803 31.051 103.962 39.867
201806 30.923 104.875 39.358
201809 32.340 105.679 40.848
201812 31.743 105.912 40.006
201903 33.469 105.886 42.191
201906 33.137 106.742 41.438
201909 34.690 107.214 43.189
201912 35.706 107.766 44.226
202003 36.218 106.563 45.366
202006 37.650 107.498 46.750
202009 38.889 107.635 48.227
202012 39.892 108.296 49.169
202103 41.393 108.360 50.989
202106 39.789 108.928 48.757
202109 41.343 110.338 50.014
202112 36.006 112.486 42.726
202203 37.261 114.825 43.315
202206 36.545 118.384 41.205
202209 37.697 122.296 41.144
202212 37.839 126.365 39.969
202303 38.366 127.042 40.310
202306 38.288 129.407 39.493
202309 39.315 130.224 40.298
202312 38.151 131.912 38.605
202403 38.120 132.205 38.488
202406 38.279 132.716 38.499
202409 40.073 132.304 40.429
202412 38.714 132.987 38.857
202503 37.991 132.825 38.178
202506 38.586 133.699 38.523
202509 39.440 133.480 39.440

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 kr41.50 mean?
Resurs Holding AB (OSTO:RESURS) has a Cyclically Adjusted Book per Share of kr41.50 as of Sep. 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 Resurs Holding AB and its competitors.
Is Resurs Holding AB's Cyclically Adjusted Book per Share too high?
Resurs Holding AB's current Cyclically Adjusted Book per Share is kr41.50. Overall, Resurs Holding AB has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Resurs Holding AB's Cyclically Adjusted Book per Share compare to V and MA?
Resurs Holding AB's Cyclically Adjusted Book per Share of kr41.50 can be compared against companies in the Credit 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 Credit Services company?
A good Cyclically Adjusted Book per Share depends on the Credit 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 Resurs Holding AB and its competitors. Resurs Holding AB's current Cyclically Adjusted Book per Share is kr41.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Resurs Holding AB stock overvalued right now?
Resurs Holding AB (OSTO:RESURS) has a current Cyclically Adjusted Book per Share of kr41.50. The stock's GF Value™ is kr24.86, compared to a current price of kr35.30 — trading 42% above its estimated fair value. The current Cyclically Adjusted Book per Share is kr41.50. Resurs Holding AB's overall GF Score™ is 6/100 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 Resurs Holding AB (OSTO:RESURS), the current Cyclically Adjusted Book per Share is kr41.50 as of Sep. 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 Resurs Holding AB (OSTO:RESURS) Overvalued in 2026?

Based on GuruFocus' analysis, Resurs Holding AB stock appears to be overvalued. The current stock price of kr35.30 is trading 42% above its estimated GF Value™ of kr24.86.

Key valuation signals for OSTO:RESURS:

  • Cyclically Adjusted Book per Share: kr41.50
  • GF Value™: kr24.86 vs. price of kr35.30 (42% above fair value)
  • GF Score™: 6/100 with 5 warning signs

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


Resurs Holding AB Business Description

Address Ekslingan 9, Vala Norra, Helsingborg, SWE
Resurs Holding AB provides retail financial services. It offers payment and loyalty solutions for chain stores and e-commerce companies across the Nordic region. It offers unsecured loans to consumers wishing to finance investments in their homes, travels, or other consumer goods. Its segments include Payment Solutions and Consumer Loans. It operates its business in Denmark, Sweden, the UK, the USA, Norway, and others. The majority of the company's revenue comes from Sweden.
6GF Score

Get the complete analysis for OSTO:RESURS

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

kr35.30
Price
kr24.86
GF Value