Better Collective AS (CHIX:BETCOS) Cyclically Adjusted PB Ratio: 2.08 (As of Aug. 19, 2026) — 12% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

CHIX:BETCOS Better Collective AS CHIX:BETCOS
83 GF Score
Price kr134.00
GF Value kr173.94
! 5 Warning Signs
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What is Better Collective AS Cyclically Adjusted PB Ratio?

Better Collective AS CHIX:BETCOS 83 Cyclically Adjusted PB Ratio is 2.08 as of Aug. 19, 2026, which is 12% above its 10-year median of 1.85. GuruFocus rates CHIX:BETCOS with a GF Score™ of 83/100 and a GF Value™ of kr173.94. The stock has 5 warning signs investors should review. Among 1,543 Software companies, Better Collective AS ranks better than 59.36% on this metric.

As of today (2026-08-19), Better Collective AS's current share price is kr134.00. Better Collective AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr64.39. Better Collective AS's Cyclically Adjusted PB Ratio for today is 2.08.

The historical rank and industry rank for Better Collective AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:BETCOs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78   Med: 1.85   Max: 2.15
Current: 1.78

During the past years, Better Collective AS's highest Cyclically Adjusted PB Ratio was 2.15. The lowest was 1.78. And the median was 1.85.

CHIX:BETCOs's Cyclically Adjusted PB Ratio is ranked better than
59.36% of 1543 companies
in the Software industry
Industry Median: 2.34 vs CHIX:BETCOs: 1.78

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.

Better Collective AS's adjusted book value per share data for the three months ended in Mar. 2026 was kr118.555. 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 kr64.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Better Collective AS  (CHIX:BETCOs) 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.


Better Collective AS Cyclically Adjusted PB Ratio Related Terms


Better Collective AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Better Collective AS'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.

Better Collective AS Cyclically Adjusted PB Ratio Chart

Better Collective AS 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 0.00 0.00 0.00 0.00 0.00

Better Collective AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 2.08

CHIX:BETCOS vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Better Collective AS'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.


Better Collective AS Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Better Collective AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Better Collective AS's Cyclically Adjusted PB Ratio falls into.


CHIX:BETCOS
83GF Score
Better Collective AS CHIX:BETCOS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Better Collective AS 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.

Better Collective AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=134.00/64.39
=2.08

* 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.

Better Collective AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Better Collective AS'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)
=118.555/121.6800*121.6800
=118.555

Current CPI (Mar. 2026) = 121.6800.

Better Collective AS Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.679 99.400 0.831
201512 1.100 99.800 1.341
201612 1.509 100.300 1.831
201703 0.000 101.200 0.000
201706 0.000 101.200 0.000
201709 0.000 101.800 0.000
201712 3.775 101.300 4.534
201803 4.196 101.700 5.020
201806 20.247 102.300 24.083
201809 21.178 102.400 25.165
201812 21.786 102.100 25.964
201903 23.222 102.900 27.460
201906 25.474 102.900 30.123
201909 26.801 102.900 31.692
201912 31.225 102.900 36.924
202003 33.743 103.300 39.747
202006 32.971 103.200 38.875
202009 33.365 103.500 39.226
202012 35.257 103.400 41.490
202103 37.398 104.300 43.630
202106 62.112 105.000 71.979
202109 62.507 105.800 71.889
202112 65.372 106.600 74.620
202203 71.694 109.900 79.379
202206 77.868 113.600 83.406
202209 82.699 116.400 86.450
202212 83.221 115.900 87.371
202303 87.739 117.300 91.015
202306 92.995 116.400 97.213
202309 96.191 117.400 99.698
202312 90.200 116.700 94.049
202403 120.273 118.400 123.605
202406 122.085 118.500 125.361
202409 118.359 118.900 121.126
202412 127.342 118.900 130.319
202503 120.232 120.200 121.712
202506 116.486 120.700 117.432
202509 115.648 121.600 115.724
202512 117.017 121.200 117.480
202603 118.555 121.680 118.555

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 2.08 mean?
Better Collective AS (CHIX:BETCOS) has a Cyclically Adjusted PB Ratio of 2.08 as of Aug. 19, 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 Better Collective AS and its competitors. This is 12% above median its historical median of 1.85. Over the past decade, Better Collective AS's Cyclically Adjusted PB Ratio has ranged from 1.78 to 2.15. According to the industry distribution chart, Better Collective AS ranks #627 out of 1543 companies in the Software industry, placing it in the top 40.6%.
Is Better Collective AS's Cyclically Adjusted PB Ratio too high?
Better Collective AS's current Cyclically Adjusted PB Ratio of 2.08 is 12% above median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 2.15. The Software industry median Cyclically Adjusted PB Ratio is 2.34. Better Collective AS's value of 2.08 is 11.1% below this industry median. Based on the distribution chart, Better Collective AS ranks #627 out of 1543 companies in the Software industry, which is above the industry midpoint. Overall, Better Collective AS has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Better Collective AS's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Better Collective AS ranks #627 out of 1543 companies for Cyclically Adjusted PB Ratio. This puts Better Collective AS in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. Better Collective AS's value of 2.08 is 11.1% below this benchmark. Historically, Better Collective AS's own Cyclically Adjusted PB Ratio has ranged from 1.78 to 2.15 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 2.34, Better Collective AS has consistently been below 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 a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.34, based on 1,543 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. Better Collective AS's current Cyclically Adjusted PB Ratio of 2.08 is 11.1% below 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 Better Collective AS and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Better Collective AS's current Cyclically Adjusted PB Ratio is 2.08, which is 12% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Better Collective AS stock overvalued right now?
Better Collective AS (CHIX:BETCOS) has a current Cyclically Adjusted PB Ratio of 2.08. The stock's GF Value™ is kr173.94, compared to a current price of kr134.00 — trading 23% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.08, which is 12% above median its 10-year median of 1.85 and 11.1% below the Software industry median of 2.34. Better Collective AS's overall GF Score™ is 83/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Better Collective AS (CHIX:BETCOS), the current Cyclically Adjusted PB Ratio is 2.08 as of Aug. 19, 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 Better Collective AS (CHIX:BETCOS) Overvalued in 2026?

Based on GuruFocus' analysis, Better Collective AS stock appears to be undervalued. The current stock price of kr134.00 is trading 23% below its estimated GF Value™ of kr173.94.

Key valuation signals for CHIX:BETCOS:

  • Cyclically Adjusted PB Ratio: 2.08 (12% above median its 10-year median of 1.85)
  • GF Value™: kr173.94 vs. price of kr134.00 (23% below fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 11.1% below the Software median (#627 of 1543)

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


Better Collective AS Business Description

Address Sankt Annae Plads 26-28, Copenhagen K, DNK, 1250
Better Collective AS is a developer of educational platforms within the iGaming industry. The company's segment includes Publishing, Paid Media and Esports. It generates maximum revenue from the Publishing segment. The publishing business segment includes revenue from Collective's proprietary online platforms and media partnerships, where online traffic comes either directly or through organic search results.
83GF Score

Get the complete analysis for CHIX:BETCOS

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

kr134.00
Price
kr173.94
GF Value