Indutrade AB (CHIX:INDTS) Cyclically Adjusted PB Ratio: 8.11 (As of Jul. 18, 2026) — 23% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

CHIX:INDTS Indutrade AB CHIX:INDTS
88 GF Score
Price kr256.80
GF Value kr273.57
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Indutrade AB Cyclically Adjusted PB Ratio?

Indutrade AB CHIX:INDTS 88 Cyclically Adjusted PB Ratio is 8.11 as of Jul. 18, 2026, which is 23% below its 10-year median of 10.56. GuruFocus rates CHIX:INDTS with a GF Score™ of 88/100 and a GF Value™ of kr273.57 (Fairly Valued). The stock has 5 warning signs investors should review. Among 128 Industrial Distribution companies, Indutrade AB ranks worse than 89.06% on this metric.

As of today (2026-07-18), Indutrade AB's current share price is kr256.80. Indutrade AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr31.65. Indutrade AB's Cyclically Adjusted PB Ratio for today is 8.11.

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

CHIX:INDTs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.12   Med: 10.56   Max: 21.79
Current: 7.78

During the past years, Indutrade AB's highest Cyclically Adjusted PB Ratio was 21.79. The lowest was 6.12. And the median was 10.56.

CHIX:INDTs's Cyclically Adjusted PB Ratio is ranked worse than
89.06% of 128 companies
in the Industrial Distribution industry
Industry Median: 1.29 vs CHIX:INDTs: 7.78

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.

Indutrade AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr49.077. 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 kr31.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indutrade AB  (CHIX:INDTs) 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.


Indutrade AB Cyclically Adjusted PB Ratio Related Terms


Indutrade AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indutrade 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.

Indutrade AB Cyclically Adjusted PB Ratio Chart

Indutrade 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 18.69 10.95 11.31 10.41 8.02

Indutrade 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 9.10 7.40 8.02 6.94 6.28

CHIX:INDTS vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Indutrade 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.


Indutrade AB Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Indutrade AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:INDTS
88GF Score
Indutrade AB CHIX:INDTS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indutrade 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=256.80/31.65
=8.11

* 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.

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

For example, Indutrade 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)
=49.077/134.1100*134.1100
=49.077

Current CPI (Jun. 2026) = 134.1100.

Indutrade AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.292 101.138 14.973
201612 12.192 102.022 16.027
201703 12.875 102.022 16.925
201706 12.839 102.752 16.757
201709 13.527 103.279 17.565
201712 14.214 103.793 18.366
201803 15.555 103.962 20.066
201806 15.443 104.875 19.748
201809 16.243 105.679 20.613
201812 17.114 105.912 21.670
201903 18.333 105.886 23.220
201906 17.870 106.742 22.452
201909 19.106 107.214 23.899
201912 19.740 107.766 24.566
202003 21.232 106.563 26.721
202006 21.595 107.498 26.941
202009 22.855 107.635 28.477
202012 23.717 108.296 29.370
202103 25.480 108.360 31.535
202106 24.891 108.928 30.645
202109 26.504 110.338 32.214
202112 28.260 112.486 33.693
202203 30.276 114.825 35.361
202206 30.174 118.384 34.182
202209 32.584 122.296 35.732
202212 35.021 126.365 37.167
202303 37.288 127.042 39.363
202306 37.922 129.407 39.300
202309 39.001 130.224 40.165
202312 39.731 131.912 40.393
202403 42.627 132.205 43.241
202406 41.315 132.716 41.749
202409 43.063 132.304 43.651
202412 45.679 132.987 46.065
202503 45.224 132.825 45.662
202506 44.727 133.699 44.865
202509 46.102 133.480 46.320
202512 46.975 133.390 47.229
202603 49.382 133.560 49.585
202606 49.077 134.110 49.077

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 8.11 mean?
Indutrade AB (CHIX:INDTS) has a Cyclically Adjusted PB Ratio of 8.11 as of Jul. 18, 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 Indutrade AB and its competitors. This is 23% below median its historical median of 10.56. Over the past decade, Indutrade AB's Cyclically Adjusted PB Ratio has ranged from 6.12 to 21.79. According to the industry distribution chart, Indutrade AB ranks #114 out of 128 companies in the Industrial Distribution industry, placing it in the top 89.1%.
Is Indutrade AB's Cyclically Adjusted PB Ratio too high?
Indutrade AB's current Cyclically Adjusted PB Ratio of 8.11 is 23% below median its 10-year median of 10.56. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 21.79. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.29. Indutrade AB's value of 8.11 is 528.7% above this industry median. Based on the distribution chart, Indutrade AB ranks #114 out of 128 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Indutrade AB has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indutrade AB's Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Indutrade AB ranks #114 out of 128 companies for Cyclically Adjusted PB Ratio. This places Indutrade AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Indutrade AB's value of 8.11 is 528.7% above this benchmark. Historically, Indutrade AB's own Cyclically Adjusted PB Ratio has ranged from 6.12 to 21.79 over the past decade. While the company's 10-year median is 10.56 vs. the industry median of 1.29, Indutrade 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 1.29, based on 128 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. Indutrade AB's current Cyclically Adjusted PB Ratio of 8.11 is 528.7% 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 Indutrade AB and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indutrade AB's current Cyclically Adjusted PB Ratio is 8.11, which is 23% below median its own 10-year median of 10.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indutrade AB stock overvalued right now?
Based on GuruFocus' analysis, Indutrade AB (CHIX:INDTS) is currently considered Fairly Valued. The stock's GF Value™ is kr273.57, compared to a current price of kr256.80 — trading 6.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.11, which is 23% below median its 10-year median of 10.56 and 528.7% above the Industrial Distribution industry median of 1.29. Indutrade AB's overall GF Score™ is 88/100 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 Indutrade AB (CHIX:INDTS), the current Cyclically Adjusted PB Ratio is 8.11 as of Jul. 18, 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 Indutrade AB (CHIX:INDTS) Overvalued in 2026?

Based on GuruFocus' analysis, Indutrade AB stock appears to be undervalued. The current stock price of kr256.80 is trading 6.1% below its estimated GF Value™ of kr273.57. GuruFocus considers Indutrade AB to be Fairly Valued.

Key valuation signals for CHIX:INDTS:

  • Cyclically Adjusted PB Ratio: 8.11 (23% below median its 10-year median of 10.56)
  • GF Value™: kr273.57 vs. price of kr256.80 (6.1% below fair value)
  • GF Score™: 88/100 with 5 warning signs
  • Industry Position: 528.7% above the Industrial Distribution median (#114 of 128)

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


Indutrade AB Business Description

Address Raseborgsgatan 9, Box 6044, Kista, SWE, SE-164 06
Indutrade AB is an industrial group that develops, manufactures, and sells components, systems and services with technical content in selected niches through a vast range of subsidiaries. The group is active in business areas such as; Industrial & Engineering, Infrastructure & Construction, Life Science, Process, Energy & Water, and Technology & Systems Solutions. The company offers products like valves, pipes and pipe systems, measurement technology, pumps, hydraulics and industrial equipment, and medical technology among others. The group geographically operates in Sweden, Benelux, UK, Ireland, Denmark, Germany, Norway, Finland, Switzerland, and Other, of which maximum revenue is derived from Sweden.
88GF Score

Get the complete analysis for CHIX:INDTS

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

kr256.80
Price
kr273.57
GF Value