Beijer Ref AB (CHIX:BEIJBS) Cyclically Adjusted PB Ratio: 4.76 (As of Aug. 04, 2026) — 20% Above Median

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Director of Data and Quant Analytics at GuruFocus
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CHIX:BEIJBS Beijer Ref AB CHIX:BEIJBS
96 GF Score
Price kr143.35
GF Value kr151.29
Valuation Fairly Valued
! 4 Warning Signs
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What is Beijer Ref AB Cyclically Adjusted PB Ratio?

Beijer Ref AB CHIX:BEIJBS 96 Cyclically Adjusted PB Ratio is 4.76 as of Aug. 04, 2026, which is 20% above its 10-year median of 3.97. GuruFocus rates CHIX:BEIJBS with a GF Score™ of 96/100 and a GF Value™ of kr151.29 (Fairly Valued). The stock has 4 warning signs investors should review. Among 126 Industrial Distribution companies, Beijer Ref AB ranks worse than 84.13% on this metric.

As of today (2026-08-04), Beijer Ref AB's current share price is kr143.35. Beijer Ref AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr30.12. Beijer Ref AB's Cyclically Adjusted PB Ratio for today is 4.76.

The historical rank and industry rank for Beijer Ref AB's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:BEIJBs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 3.97   Max: 6.32
Current: 4.37

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

CHIX:BEIJBs's Cyclically Adjusted PB Ratio is ranked worse than
84.13% of 126 companies
in the Industrial Distribution industry
Industry Median: 1.33 vs CHIX:BEIJBs: 4.37

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 adjusted book value per share data 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 kr30.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijer Ref AB  (CHIX:BEIJBs) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Beijer Ref AB Cyclically Adjusted PB Ratio Related Terms


Beijer Ref AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beijer Ref AB's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Beijer Ref AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 3.88 3.83 4.75 4.60

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 PB Ratio 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 4.59 4.66 4.60 4.09 4.63

CHIX:BEIJBS vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio 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.


CHIX:BEIJBS
96GF Score
Beijer Ref AB CHIX:BEIJBS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijer Ref AB Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=143.35/30.12
=4.76

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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)
=46.522/134.6100*134.6100
=46.522

Current CPI (Jun. 2026) = 134.6100.

Beijer Ref AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 67.609 101.138 89.985
201612 6.997 102.022 9.232
201703 71.996 102.022 94.994
201706 7.102 102.752 9.304
201709 71.383 103.279 93.038
201712 7.761 103.793 10.065
201803 28.206 103.962 36.521
201806 8.932 104.875 11.465
201809 8.947 105.679 11.396
201812 8.935 105.912 11.356
201903 9.759 105.886 12.406
201906 9.586 106.742 12.089
201909 10.350 107.214 12.995
201912 10.329 107.766 12.902
202003 10.883 106.563 13.747
202006 10.235 107.498 12.816
202009 10.782 107.635 13.484
202012 10.643 108.296 13.229
202103 11.776 108.360 14.629
202106 11.254 108.928 13.907
202109 11.913 110.338 14.534
202112 12.450 112.486 14.899
202203 13.822 114.825 16.204
202206 14.231 118.384 16.182
202209 15.581 122.296 17.150
202212 15.896 126.365 16.933
202303 40.769 127.042 43.198
202306 43.023 129.407 44.753
202309 43.636 130.224 45.106
202312 42.073 131.912 42.934
202403 44.746 132.205 45.560
202406 44.592 132.716 45.228
202409 44.340 132.304 45.113
202412 47.476 132.987 48.055
202503 43.649 132.825 44.236
202506 42.943 133.699 43.236
202509 43.359 133.480 43.726
202512 42.996 133.390 43.389
202603 45.263 133.560 45.619
202606 46.522 134.610 46.522

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 4.76 mean?
Beijer Ref AB (CHIX:BEIJBS) has a Cyclically Adjusted PB Ratio of 4.76 as of Aug. 04, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Beijer Ref AB and its competitors. This is 20% above median its historical median of 3.97. Over the past decade, Beijer Ref AB's Cyclically Adjusted PB Ratio has ranged from 0.92 to 6.32. According to the industry distribution chart, Beijer Ref AB ranks #106 out of 126 companies in the Industrial Distribution industry, placing it in the top 84.1%.
Is Beijer Ref AB's Cyclically Adjusted PB Ratio too high?
Beijer Ref AB's current Cyclically Adjusted PB Ratio of 4.76 is 20% above median its 10-year median of 3.97. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 6.32. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.33. Beijer Ref AB's value of 4.76 is 257.9% above this industry median. Based on the distribution chart, Beijer Ref AB ranks #106 out of 126 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Beijer Ref AB has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Beijer Ref AB's Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Beijer Ref AB ranks #106 out of 126 companies for Cyclically Adjusted PB Ratio. This places Beijer Ref AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.33. Beijer Ref AB's value of 4.76 is 257.9% above this benchmark. Historically, Beijer Ref AB's own Cyclically Adjusted PB Ratio has ranged from 0.92 to 6.32 over the past decade. While the company's 10-year median is 3.97 vs. the industry median of 1.33, Beijer Ref AB has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.33, based on 126 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Beijer Ref AB's current Cyclically Adjusted PB Ratio of 4.76 is 257.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Beijer Ref AB and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijer Ref AB's current Cyclically Adjusted PB Ratio is 4.76, which is 20% above median its own 10-year median of 3.97. 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 (CHIX:BEIJBS) is currently considered Fairly Valued. The stock's GF Value™ is kr151.29, compared to a current price of kr143.35 — trading 5.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.76, which is 20% above median its 10-year median of 3.97 and 257.9% above the Industrial Distribution industry median of 1.33. Beijer Ref AB's overall GF Score™ is 96/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Beijer Ref AB (CHIX:BEIJBS), the current Cyclically Adjusted PB Ratio is 4.76 as of Aug. 04, 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 (CHIX:BEIJBS) Overvalued in 2026?

Based on GuruFocus' analysis, Beijer Ref AB stock appears to be undervalued. The current stock price of kr143.35 is trading 5.2% below its estimated GF Value™ of kr151.29. GuruFocus considers Beijer Ref AB to be Fairly Valued.

Key valuation signals for CHIX:BEIJBS:

  • Cyclically Adjusted PB Ratio: 4.76 (20% above median its 10-year median of 3.97)
  • GF Value™: kr151.29 vs. price of kr143.35 (5.2% below fair value)
  • GF Score™: 96/100 with 4 warning signs
  • Industry Position: 257.9% above the Industrial Distribution median (#106 of 126)

No single metric tells the full story. See the CHIX:BEIJBS 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.
96GF Score

Get the complete analysis for CHIX:BEIJBS

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

kr143.35
Price
kr151.29
GF Value