Image Systems AB (FRA:0QD) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

FRA:0QD Image Systems AB FRA:0QD
51 GF Score
Price €0.04
GF Value €0.08
! 3 Warning Signs
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What is Image Systems AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Image Systems AB  (FRA:0QD) 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.


Image Systems AB Cyclically Adjusted PB Ratio Related Terms


Image Systems AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Image Systems 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.

Image Systems AB Cyclically Adjusted PB Ratio Chart

Image Systems 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 0.36 0.60 0.58 1.33 0.55

Image Systems 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 0.97 0.87 0.56 0.38 0.44

FRA:0QD vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Image Systems 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.


Image Systems AB Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Image Systems AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:0QD
51GF Score
Image Systems AB FRA:0QD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Image Systems 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.

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

For example, Image Systems 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)
=0.083/134.6100*134.6100
=0.083

Current CPI (Jun. 2026) = 134.6100.

Image Systems AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.134 101.138 0.178
201612 0.145 102.022 0.191
201703 0.141 102.022 0.186
201706 0.133 102.752 0.174
201709 0.134 103.279 0.175
201712 0.168 103.793 0.218
201803 0.154 103.962 0.199
201806 0.150 104.875 0.193
201809 0.151 105.679 0.192
201812 0.145 105.912 0.184
201903 0.137 105.886 0.174
201906 0.133 106.742 0.168
201909 0.133 107.214 0.167
201912 0.133 107.766 0.166
202003 0.125 106.563 0.158
202006 0.128 107.498 0.160
202009 0.128 107.635 0.160
202012 0.119 108.296 0.148
202103 0.113 108.360 0.140
202106 0.112 108.928 0.138
202109 0.116 110.338 0.142
202112 0.117 112.486 0.140
202203 0.113 114.825 0.132
202206 0.109 118.384 0.124
202209 0.115 122.296 0.127
202212 0.117 126.365 0.125
202303 0.109 127.042 0.115
202306 0.105 129.407 0.109
202309 0.108 130.224 0.112
202312 0.110 131.912 0.112
202403 0.106 132.205 0.108
202406 0.107 132.716 0.109
202409 0.120 132.304 0.122
202412 0.115 132.987 0.116
202503 0.118 132.825 0.120
202506 0.112 133.699 0.113
202509 0.114 133.480 0.115
202512 0.107 133.380 0.108
202603 0.093 133.550 0.094
202606 0.083 134.610 0.083

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 Image Systems AB (FRA:0QD) Overvalued in 2026?

Based on GuruFocus' analysis, Image Systems AB stock appears to be undervalued. The current stock price of €0.04 is trading 53.3% below its estimated GF Value™ of €0.08.

Key valuation signals for FRA:0QD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.08 vs. price of €0.04 (53.3% below fair value)
  • GF Score™: 51/100 with 3 warning signs

No single metric tells the full story. See the FRA:0QD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Image Systems AB Business Description

Other Exchanges IS:Sweden
Address Snickaregatan 40, Linkoping, SWE, 582 26
Image Systems AB provides products to clients in film/video, multimedia and digital television. The company is a high-technology company that develops and sells software and systems for non-contact measurement technology and advanced image processing. . The Group has two business units: RemaSawco and Motion Analysis. The RemaSawco business unit offers measurement technology systems that improve the efficiency and profitability of sawmills. The Motion Analysis business unit offers software tools for motion analysis of high-speed film for a wide range of applications.
51GF Score

Get the complete analysis for FRA:0QD

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

€0.04
Price
€0.08
GF Value