Gullberg & Jansson AB (XSAT:GJAB) Cyclically Adjusted Book per Share: kr10.90 (As of Mar. 2026)

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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.
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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.

XSAT:GJAB Gullberg & Jansson AB XSAT:GJAB
62 GF Score
Price kr13.50
GF Value kr14.27
Valuation Fairly Valued
! 5 Warning Signs
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What is Gullberg & Jansson AB Cyclically Adjusted Book per Share?

Gullberg & Jansson AB XSAT:GJAB +7.14% 62 Cyclically Adjusted Book per Share is kr10.90 as of Mar. 2026. GuruFocus rates XSAT:GJAB with a GF Score™ of 62/100 and a GF Value™ of kr14.27 (Fairly Valued). 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.

Gullberg & Jansson AB's adjusted book value per share for the three months ended in Mar. 2026 was kr12.385. 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 kr10.90 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Gullberg & Jansson AB's average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 23.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Gullberg & Jansson AB was 29.50% per year. The lowest was 16.40% per year. And the median was 25.30% per year.

As of today (2026-07-28), Gullberg & Jansson AB's current stock price is kr13.50. Gullberg & Jansson AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr10.90. Gullberg & Jansson AB's Cyclically Adjusted PB Ratio of today is 1.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gullberg & Jansson AB was 25.06. The lowest was 1.04. And the median was 2.77.


Gullberg & Jansson AB  (XSAT:GJAB) 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.

Gullberg & Jansson AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.50/10.90
=1.24

* 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 Gullberg & Jansson AB was 25.06. The lowest was 1.04. And the median was 2.77.


Be Aware

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


Gullberg & Jansson AB Cyclically Adjusted Book per Share Related Terms


Gullberg & Jansson AB Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Gullberg & Jansson 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.

Gullberg & Jansson AB Cyclically Adjusted Book per Share Chart

Gullberg & Jansson 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 4.89 6.78 8.37 9.62 10.68

Gullberg & Jansson 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 9.87 10.19 10.44 10.68 10.90

XSAT:GJAB vs AS, HAS, LTH: Cyclically Adjusted Book per Share Comparison

For the Leisure subindustry, Gullberg & Jansson 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.


Gullberg & Jansson AB Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gullberg & Jansson AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSAT:GJAB
62GF Score
Gullberg & Jansson AB XSAT:GJAB
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Gullberg & Jansson 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, Gullberg & Jansson 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)
=12.385/133.5600*133.5600
=12.385

Current CPI (Mar. 2026) = 133.5600.

Gullberg & Jansson AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.890 101.019 5.143
201609 3.912 101.138 5.166
201612 3.431 102.022 4.492
201703 3.380 102.022 4.425
201706 3.850 102.752 5.004
201709 3.976 103.279 5.142
201712 3.601 103.793 4.634
201803 3.379 103.962 4.341
201806 3.874 104.875 4.934
201809 4.011 105.679 5.069
201812 4.005 105.912 5.051
201903 3.997 105.886 5.042
201906 4.921 106.742 6.157
201909 5.341 107.214 6.653
201912 5.050 107.766 6.259
202003 5.276 106.563 6.613
202006 6.791 107.498 8.437
202009 7.804 107.635 9.684
202012 7.950 108.296 9.805
202103 9.261 108.360 11.415
202106 11.600 108.928 14.223
202109 13.329 110.338 16.134
202112 14.912 112.486 17.706
202203 14.120 114.825 16.424
202206 14.788 118.384 16.684
202209 17.569 122.296 19.187
202212 16.826 126.365 17.784
202303 16.114 127.042 16.941
202306 16.642 129.407 17.176
202309 15.063 130.224 15.449
202312 15.568 131.912 15.763
202403 15.038 132.205 15.192
202406 15.697 132.716 15.797
202409 15.072 132.304 15.215
202412 14.558 132.987 14.621
202503 13.388 132.825 13.462
202506 14.333 133.699 14.318
202509 14.698 133.480 14.707
202512 13.339 133.390 13.356
202603 12.385 133.560 12.385

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 kr10.90 mean?
Gullberg & Jansson AB (XSAT:GJAB) has a Cyclically Adjusted Book per Share of kr10.90 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 Gullberg & Jansson AB and its competitors.
Is Gullberg & Jansson AB's Cyclically Adjusted Book per Share too high?
Gullberg & Jansson AB's current Cyclically Adjusted Book per Share is kr10.90. Overall, Gullberg & Jansson AB has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gullberg & Jansson AB's Cyclically Adjusted Book per Share compare to AS and HAS?
Gullberg & Jansson AB's Cyclically Adjusted Book per Share of kr10.90 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Book per Share depends on the Travel & Leisure 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 Gullberg & Jansson AB and its competitors. Gullberg & Jansson AB's current Cyclically Adjusted Book per Share is kr10.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gullberg & Jansson AB stock overvalued right now?
Based on GuruFocus' analysis, Gullberg & Jansson AB (XSAT:GJAB) is currently considered Fairly Valued. The stock's GF Value™ is kr14.27, compared to a current price of kr13.50 — trading 5.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is kr10.90. Gullberg & Jansson AB's overall GF Score™ is 62/100 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 Gullberg & Jansson AB (XSAT:GJAB), the current Cyclically Adjusted Book per Share is kr10.90 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 Gullberg & Jansson AB (XSAT:GJAB) Overvalued in 2026?

Based on GuruFocus' analysis, Gullberg & Jansson AB stock appears to be undervalued. The current stock price of kr13.50 is trading 5.4% below its estimated GF Value™ of kr14.27. GuruFocus considers Gullberg & Jansson AB to be Fairly Valued.

Key valuation signals for XSAT:GJAB:

  • Cyclically Adjusted Book per Share: kr10.90
  • GF Value™: kr14.27 vs. price of kr13.50 (5.4% below fair value)
  • GF Score™: 62/100 with 5 warning signs

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


Gullberg & Jansson AB Business Description

Address Hortensiagatan 7, Helsingborg, SWE, SE-256 68
Gullberg & Jansson AB develops swimming pool heat pumps. The company specialize in air & water heat pumps for swimming pools as well as homes and properties for the Scandinavian market.
62GF Score

Get the complete analysis for XSAT:GJAB

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

kr13.50
Price
kr14.27
GF Value