Nederman Holding AB (CHIX:NMANS) Cyclically Adjusted PB Ratio: 2.31 (As of Aug. 20, 2026) — 47% Below Median

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CHIX:NMANS Nederman Holding AB CHIX:NMANS
81 GF Score
Price kr143.60
GF Value kr178.70
! 2 Warning Signs
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What is Nederman Holding AB Cyclically Adjusted PB Ratio?

Nederman Holding AB CHIX:NMANS 81 Cyclically Adjusted PB Ratio is 2.31 as of Aug. 20, 2026, which is 47% below its 10-year median of 4.33. GuruFocus rates CHIX:NMANS with a GF Score™ of 81/100 and a GF Value™ of kr178.70. The stock has 2 warning signs investors should review. Among 2,176 Industrial Products companies, Nederman Holding AB ranks worse than 52.8% on this metric.

As of today (2026-08-20), Nederman Holding AB's current share price is kr143.60. Nederman Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr62.16. Nederman Holding AB's Cyclically Adjusted PB Ratio for today is 2.31.

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

CHIX:NMANs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.11   Med: 4.33   Max: 6.79
Current: 2.31

During the past years, Nederman Holding AB's highest Cyclically Adjusted PB Ratio was 6.79. The lowest was 2.11. And the median was 4.33.

CHIX:NMANs's Cyclically Adjusted PB Ratio is ranked worse than
52.8% of 2176 companies
in the Industrial Products industry
Industry Median: 2.16 vs CHIX:NMANs: 2.31

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.

Nederman Holding AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr73.295. 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 kr62.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nederman Holding AB  (CHIX:NMANs) 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.


Nederman Holding AB Cyclically Adjusted PB Ratio Related Terms


Nederman Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nederman Holding 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.

Nederman Holding AB Cyclically Adjusted PB Ratio Chart

Nederman Holding 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 6.28 4.50 4.02 4.35 3.13

Nederman Holding 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 3.38 3.02 3.13 2.51 2.31

CHIX:NMANS vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Nederman Holding 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.


Nederman Holding AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


CHIX:NMANS
81GF Score
Nederman Holding AB CHIX:NMANS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nederman Holding 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=143.60/62.16
=2.31

* 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.

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

For example, Nederman Holding 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)
=73.295/134.6100*134.6100
=73.295

Current CPI (Jun. 2026) = 134.6100.

Nederman Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.770 101.138 34.299
201612 28.002 102.022 36.947
201703 28.863 102.022 38.083
201706 27.834 102.752 36.464
201709 28.384 103.279 36.995
201712 30.659 103.793 39.762
201803 33.022 103.962 42.757
201806 33.529 104.875 43.036
201809 33.982 105.679 43.285
201812 35.193 105.912 44.729
201903 38.177 105.886 48.533
201906 37.654 106.742 47.485
201909 38.078 107.214 47.808
201912 39.381 107.766 49.191
202003 41.689 106.563 52.661
202006 38.230 107.498 47.872
202009 38.409 107.635 48.035
202012 37.067 108.296 46.074
202103 41.242 108.360 51.233
202106 42.644 108.928 52.698
202109 45.228 110.338 55.177
202112 48.939 112.486 58.564
202203 52.415 114.825 61.446
202206 53.991 118.384 61.391
202209 60.271 122.296 66.340
202212 62.306 126.365 66.371
202303 64.207 127.042 68.032
202306 67.845 129.407 70.573
202309 68.563 130.224 70.873
202312 67.569 131.912 68.951
202403 73.559 132.205 74.897
202406 71.679 132.716 72.702
202409 71.385 132.304 72.629
202412 77.391 132.987 78.335
202503 72.641 132.825 73.617
202506 70.264 133.699 70.743
202509 71.343 133.480 71.947
202512 71.597 133.390 72.252
202603 74.981 133.560 75.570
202606 73.295 134.610 73.295

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 2.31 mean?
Nederman Holding AB (CHIX:NMANS) has a Cyclically Adjusted PB Ratio of 2.31 as of Aug. 20, 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 Nederman Holding AB and its competitors. This is 47% below median its historical median of 4.33. Over the past decade, Nederman Holding AB's Cyclically Adjusted PB Ratio has ranged from 2.11 to 6.79. According to the industry distribution chart, Nederman Holding AB ranks #1149 out of 2176 companies in the Industrial Products industry, placing it in the top 52.8%.
Is Nederman Holding AB's Cyclically Adjusted PB Ratio too high?
Nederman Holding AB's current Cyclically Adjusted PB Ratio of 2.31 is 47% below median its 10-year median of 4.33. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 6.79. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.16. Nederman Holding AB's value of 2.31 is 6.9% above this industry median. Based on the distribution chart, Nederman Holding AB ranks #1149 out of 2176 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Nederman Holding AB has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Nederman Holding AB's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nederman Holding AB ranks #1149 out of 2176 companies for Cyclically Adjusted PB Ratio. This places Nederman Holding AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.16. Nederman Holding AB's value of 2.31 is 6.9% above this benchmark. Historically, Nederman Holding AB's own Cyclically Adjusted PB Ratio has ranged from 2.11 to 6.79 over the past decade. While the company's 10-year median is 4.33 vs. the industry median of 2.16, Nederman Holding 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 Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.16, based on 2,176 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. Nederman Holding AB's current Cyclically Adjusted PB Ratio of 2.31 is 6.9% 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 Nederman Holding AB and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nederman Holding AB's current Cyclically Adjusted PB Ratio is 2.31, which is 47% below median its own 10-year median of 4.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nederman Holding AB stock overvalued right now?
Nederman Holding AB (CHIX:NMANS) has a current Cyclically Adjusted PB Ratio of 2.31. The stock's GF Value™ is kr178.70, compared to a current price of kr143.60 — trading 19.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.31, which is 47% below median its 10-year median of 4.33 and 6.9% above the Industrial Products industry median of 2.16. Nederman Holding AB's overall GF Score™ is 81/100 with 2 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 Nederman Holding AB (CHIX:NMANS), the current Cyclically Adjusted PB Ratio is 2.31 as of Aug. 20, 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 Nederman Holding AB (CHIX:NMANS) Overvalued in 2026?

Based on GuruFocus' analysis, Nederman Holding AB stock appears to be undervalued. The current stock price of kr143.60 is trading 19.6% below its estimated GF Value™ of kr178.70.

Key valuation signals for CHIX:NMANS:

  • Cyclically Adjusted PB Ratio: 2.31 (47% below median its 10-year median of 4.33)
  • GF Value™: kr178.70 vs. price of kr143.60 (19.6% below fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 6.9% above the Industrial Products median (#1149 of 2176)

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


Nederman Holding AB Business Description

Other Exchanges NMAN:Sweden5QR:Germany
Address Landskronavagen 9A, Helsingborg, SWE, 252 32
Nederman Holding AB is an industrial equipment manufacturer. The company produces and markets products to improve the industrial workplace environment; owns and manages enterprises as well as real estate and personal property, and engages in compatible operations. Its operating segments are, Extraction and Filtration Technology, Process Technology, Duct and Filter Technology, and Monitoring and Control Technology. Key revenue is derived from the Extraction and Filter Technology segment, which develops and sells various filters and monitoring services, capturing devices, fans, high-vacuum products, and reels for the distribution of various liquids and compressed air. Geographically, it derives key revenue from the United States of America and has customers located around the world.
81GF Score

Get the complete analysis for CHIX:NMANS

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

kr143.60
Price
kr178.70
GF Value