Clas Ohlson AB (CHIX:CLASBS) Cyclically Adjusted PB Ratio: (As of Sep. 04, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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CHIX:CLASBS Clas Ohlson AB CHIX:CLASBS
76 GF Score
Price kr433.10
GF Value kr226.78
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Clas Ohlson AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Clas Ohlson AB  (CHIX:CLASBs) 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.


Clas Ohlson AB Cyclically Adjusted PB Ratio Related Terms


Clas Ohlson AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Clas Ohlson 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.

Clas Ohlson AB Cyclically Adjusted PB Ratio Chart

Clas Ohlson AB Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.14 2.01 3.47 7.24 10.56

Clas Ohlson AB Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 8.97 9.16 8.07 10.56 0.00

CHIX:CLASBS vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Clas Ohlson 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.


Clas Ohlson AB Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Clas Ohlson AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:CLASBS
76GF Score
Clas Ohlson AB CHIX:CLASBS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Clas Ohlson 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.

Clas Ohlson AB's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Clas Ohlson AB's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=54.572/134.1900*134.1900
=54.572

Current CPI (Jul. 2026) = 134.1900.

Clas Ohlson AB Quarterly Data

Book Value per Share CPI Adj_Book
201610 30.513 101.485 40.346
201701 35.224 101.326 46.649
201704 35.678 102.615 46.656
201707 36.357 103.301 47.228
201710 32.061 103.202 41.688
201801 36.155 102.925 47.138
201804 35.817 104.390 46.042
201807 36.274 105.420 46.173
201810 30.457 105.545 38.723
201901 31.393 104.855 40.176
201904 30.699 106.627 38.635
201907 28.818 107.166 36.085
201910 24.165 107.243 30.237
202001 28.483 106.215 35.985
202004 27.737 106.240 35.034
202007 28.716 107.731 35.769
202010 30.504 107.539 38.064
202101 34.920 107.897 43.430
202104 34.566 108.624 42.701
202107 36.553 109.218 44.911
202110 32.039 110.562 38.886
202201 36.858 111.876 44.209
202204 35.065 115.534 40.727
202207 34.230 118.489 38.766
202210 21.442 122.561 23.476
202301 23.715 124.942 25.470
202304 22.686 127.632 23.852
202307 21.914 129.464 22.714
202310 23.513 130.549 24.169
202401 28.079 131.720 28.605
202404 29.189 132.601 29.539
202407 31.357 132.831 31.678
202410 30.694 132.604 31.061
202501 37.478 132.943 37.830
202504 37.826 132.981 38.170
202507 41.349 133.957 41.421
202510 39.275 133.830 39.381
202601 47.080 133.560 47.302
202604 49.619 132.790 50.142
202607 54.572 134.190 54.572

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.

Is Clas Ohlson AB (CHIX:CLASBS) Overvalued in 2026?

Based on GuruFocus' analysis, Clas Ohlson AB stock appears to be overvalued. The current stock price of kr433.10 is trading 91% above its estimated GF Value™ of kr226.78. GuruFocus considers Clas Ohlson AB to be Significantly Overvalued.

Key valuation signals for CHIX:CLASBS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr226.78 vs. price of kr433.10 (91% above fair value)
  • GF Score™: 76/100 with 5 warning signs

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


Clas Ohlson AB Business Description

Address Municipality of Leksand, Insjon, SWE, 793 85
Clas Ohlson AB is a Swedish specialty retailer of home and office solutions. The company has five product categories: hardware, electrical, home, multimedia, and leisure items. The hardware category includes home repair tools, with Capere, Cocraft, and Clas Ohlson as proprietary brands. The electrical category consists of energy and electrical solutions, mainly under its own brands: Cotech and Northlight. Multimedia offers technology to connect devices. The home category offers practical items for the kitchen, wardrobe, bathroom, and laundry. Clas Ohlson's main segments by revenue are Sweden, Norway, Finland, and a few other countries outside the Nordics.
76GF Score

Get the complete analysis for CHIX:CLASBS

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

kr433.10
Price
kr226.78
GF Value