NGS Group AB (CHIX:NGSS) Cyclically Adjusted PB Ratio: (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:NGSS NGS Group AB CHIX:NGSS
24 GF Score
Price kr14.25
GF Value kr7.38
! 5 Warning Signs
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What is NGS Group AB Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


NGS Group AB  (CHIX:NGSs) 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.


NGS Group AB Cyclically Adjusted PB Ratio Related Terms


NGS Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NGS Group 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.

NGS Group AB Cyclically Adjusted PB Ratio Chart

NGS Group 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 0.00 0.44 0.25 0.14 0.00

NGS Group 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 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 0.14 0.14 0.14 0.00 0.00

CHIX:NGSS vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, NGS Group 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.


NGS Group AB Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, NGS Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:NGSS
24GF Score
NGS Group AB CHIX:NGSS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NGS Group 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.

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

For example, NGS Group 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)
=2.518/133.5600*133.5600
=2.518

Current CPI (Mar. 2026) = 133.5600.

NGS Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.492 101.019 20.482
201609 16.404 101.138 21.663
201612 17.347 102.022 22.710
201703 18.104 102.022 23.701
201706 17.385 102.752 22.597
201709 18.253 103.279 23.605
201712 19.929 103.793 25.645
201803 20.537 103.962 26.384
201806 19.794 104.875 25.208
201809 20.247 105.679 25.589
201812 20.956 105.912 26.427
201903 21.494 105.886 27.112
201906 20.849 106.742 26.087
201909 21.185 107.214 26.391
201912 21.423 107.766 26.551
202003 21.535 106.563 26.991
202006 21.686 107.498 26.944
202009 21.908 107.635 27.185
202012 22.155 108.296 27.324
202103 22.251 108.360 27.426
202106 22.632 108.928 27.750
202109 23.032 110.338 27.879
202112 23.459 112.486 27.854
202203 23.873 114.825 27.768
202206 23.890 118.384 26.953
202209 23.392 122.296 25.546
202212 23.410 126.365 24.743
202303 23.189 127.042 24.379
202306 22.749 129.407 23.479
202309 11.594 130.224 11.891
202312 11.242 131.912 11.382
202403 10.496 132.205 10.604
202406 3.785 132.716 3.809
202409 3.668 132.304 3.703
202412 3.715 132.987 3.731
202503 3.674 132.825 3.694
202506 3.650 133.699 3.646
202509 3.657 133.480 3.659
202512 2.437 133.390 2.440
202603 2.518 133.560 2.518

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 NGS Group AB (CHIX:NGSS) Overvalued in 2026?

Based on GuruFocus' analysis, NGS Group AB stock appears to be overvalued. The current stock price of kr14.25 is trading 93.1% above its estimated GF Value™ of kr7.38.

Key valuation signals for CHIX:NGSS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr7.38 vs. price of kr14.25 (93.1% above fair value)
  • GF Score™: 24/100 with 5 warning signs

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


NGS Group AB Business Description

Other Exchanges NGS:Sweden
Address Kungsgatan 12, 7th floor, Stockholm, SWE, 111 36
NGS Group AB is a staffing and recruitment group focused on healthcare, school, social services and leadership.
24GF Score

Get the complete analysis for CHIX:NGSS

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

kr14.25
Price
kr7.38
GF Value