ABgax (CHIX:SAGAAS) Cyclically Adjusted PB Ratio: 2.68 (As of Jul. 12, 2026) — 51% Below Median


CHIX:SAGAAS AB Sagax CHIX:SAGAAS
75 GF Score
Price kr170.00
GF Value kr287.20
! 4 Warning Signs
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What is ABgax Cyclically Adjusted PB Ratio?

ABgax CHIX:SAGAAS 75 Cyclically Adjusted PB Ratio is 2.68 as of Jul. 12, 2026, which is 51% below its 10-year median of 5.52. GuruFocus rates CHIX:SAGAAS with a GF Score™ of 75/100 and a GF Value™ of kr287.20. The stock has 4 warning signs investors should review. Among 1,442 Real Estate companies, ABgax ranks worse than 87.31% on this metric.

As of today (2026-07-12), ABgax's current share price is kr170.00. ABgax's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr63.40. ABgax's Cyclically Adjusted PB Ratio for today is 2.68.

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

CHIX:SAGAAs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.27   Med: 5.52   Max: 13.88
Current: 2.44

During the past years, ABgax's highest Cyclically Adjusted PB Ratio was 13.88. The lowest was 2.27. And the median was 5.52.

CHIX:SAGAAs's Cyclically Adjusted PB Ratio is ranked worse than
87.31% of 1442 companies
in the Real Estate industry
Industry Median: 0.71 vs CHIX:SAGAAs: 2.44

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.

ABgax's adjusted book value per share data for the three months ended in Mar. 2026 was kr95.115. 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 kr63.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ABgax  (CHIX:SAGAAs) 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.


ABgax Cyclically Adjusted PB Ratio Related Terms


ABgax Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ABgax'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.

ABgax Cyclically Adjusted PB Ratio Chart

ABgax 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 10.08 5.89 5.60 4.01 3.12

ABgax 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 3.62 3.62 3.18 3.12 2.68

CHIX:SAGAAS vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, ABgax'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.


ABgax Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, ABgax's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:SAGAAS
75GF Score
AB Sagax CHIX:SAGAAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ABgax 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.

ABgax's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=170.00/63.40
=2.68

* 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.

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

For example, ABgax'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)
=95.115/133.5600*133.5600
=95.115

Current CPI (Mar. 2026) = 133.5600.

ABgax Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.916 101.019 27.654
201609 22.154 101.138 29.256
201612 25.991 102.022 34.026
201703 27.638 102.022 36.182
201706 25.621 102.752 33.303
201709 26.776 103.279 34.627
201712 29.799 103.793 38.345
201803 32.312 103.962 41.511
201806 33.461 104.875 42.613
201809 35.020 105.679 44.259
201812 36.819 105.912 46.431
201903 39.105 105.886 49.325
201906 40.053 106.742 50.116
201909 42.120 107.214 52.470
201912 45.333 107.766 56.184
202003 48.024 106.563 60.191
202006 46.096 107.498 57.272
202009 48.617 107.635 60.327
202012 50.673 108.296 62.495
202103 55.875 108.360 68.870
202106 57.437 108.928 70.426
202109 61.212 110.338 74.095
202112 70.011 112.486 83.127
202203 73.850 114.825 85.899
202206 72.546 118.384 81.846
202209 74.484 122.296 81.344
202212 75.319 126.365 79.607
202303 74.953 127.042 78.799
202306 76.360 129.407 78.811
202309 77.277 130.224 79.257
202312 78.731 131.912 79.715
202403 81.888 132.205 82.727
202406 80.596 132.716 81.109
202409 85.490 132.304 86.301
202412 88.105 132.987 88.484
202503 88.324 132.825 88.813
202506 86.981 133.699 86.891
202509 88.606 133.480 88.659
202512 91.718 133.390 91.835
202603 95.115 133.560 95.115

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 2.68 mean?
ABgax (CHIX:SAGAAS) has a Cyclically Adjusted PB Ratio of 2.68 as of Jul. 12, 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 ABgax and its competitors. This is 51% below median its historical median of 5.52. Over the past decade, ABgax's Cyclically Adjusted PB Ratio has ranged from 2.27 to 13.88. According to the industry distribution chart, ABgax ranks #1259 out of 1442 companies in the Real Estate industry, placing it in the top 87.3%.
Is ABgax's Cyclically Adjusted PB Ratio too high?
ABgax's current Cyclically Adjusted PB Ratio of 2.68 is 51% below median its 10-year median of 5.52. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 13.88. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. ABgax's value of 2.68 is 277.5% above this industry median. Based on the distribution chart, ABgax ranks #1259 out of 1442 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, ABgax has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does ABgax's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, ABgax ranks #1259 out of 1442 companies for Cyclically Adjusted PB Ratio. This places ABgax in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. ABgax's value of 2.68 is 277.5% above this benchmark. Historically, ABgax's own Cyclically Adjusted PB Ratio has ranged from 2.27 to 13.88 over the past decade. While the company's 10-year median is 5.52 vs. the industry median of 0.71, ABgax 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 a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,442 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. ABgax's current Cyclically Adjusted PB Ratio of 2.68 is 277.5% 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 ABgax and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ABgax's current Cyclically Adjusted PB Ratio is 2.68, which is 51% below median its own 10-year median of 5.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ABgax stock overvalued right now?
ABgax (CHIX:SAGAAS) has a current Cyclically Adjusted PB Ratio of 2.68. The stock's GF Value™ is kr287.20, compared to a current price of kr170.00 — trading 40.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.68, which is 51% below median its 10-year median of 5.52 and 277.5% above the Real Estate industry median of 0.71. ABgax's overall GF Score™ is 75/100 with 4 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 ABgax (CHIX:SAGAAS), the current Cyclically Adjusted PB Ratio is 2.68 as of Jul. 12, 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 ABgax (CHIX:SAGAAS) Overvalued in 2026?

Based on GuruFocus' analysis, ABgax stock appears to be undervalued. The current stock price of kr170.00 is trading 40.8% below its estimated GF Value™ of kr287.20.

Key valuation signals for CHIX:SAGAAS:

  • Cyclically Adjusted PB Ratio: 2.68 (51% below median its 10-year median of 5.52)
  • GF Value™: kr287.20 vs. price of kr170.00 (40.8% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 277.5% above the Real Estate median (#1259 of 1442)

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


ABgax Business Description

Address Engelbrektsplan 1, Stockholm, SWE, SE-114 34
AB Sagax is a property company that invests in commercial properties with a focus on the warehouse and light industry segment. The company owns properties in Sweden, Finland, Germany, and Denmark, with a total rental space of more than 3 million square metres. A proportion of the company's real estate portfolio is located in the Stockholm and Helsinki regions. The company's revenue consists of rental income for the provision of premises, of which the majority is derived from the government, municipalities, or companies with sales.
75GF Score

Get the complete analysis for CHIX:SAGAAS

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

kr170.00
Price
kr287.20
GF Value