Impact Coatings AB (FRA:1IC) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

FRA:1IC Impact Coatings AB FRA:1IC
52 GF Score
Price €0.27
GF Value €0.19
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Impact Coatings AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Impact Coatings AB  (FRA:1IC) 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.


Impact Coatings AB Cyclically Adjusted PB Ratio Related Terms


Impact Coatings AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Impact Coatings 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.

Impact Coatings AB Cyclically Adjusted PB Ratio Chart

Impact Coatings 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 7.98 2.41 1.42 1.76 0.61

Impact Coatings 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 1.46 1.30 0.61 0.61 1.78

FRA:1IC vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Impact Coatings 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.


Impact Coatings AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


FRA:1IC
52GF Score
Impact Coatings AB FRA:1IC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Impact Coatings 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.

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

For example, Impact Coatings 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)
=0.115/134.6100*134.6100
=0.115

Current CPI (Jun. 2026) = 134.6100.

Impact Coatings AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.116 101.138 0.154
201612 0.108 102.022 0.142
201703 0.107 102.022 0.141
201706 0.066 102.752 0.086
201709 0.052 103.279 0.068
201712 0.208 103.793 0.270
201803 0.205 103.962 0.265
201806 0.174 104.875 0.223
201809 0.157 105.679 0.200
201812 0.140 105.912 0.178
201903 0.115 105.886 0.146
201906 0.104 106.742 0.131
201909 0.086 107.214 0.108
201912 0.176 107.766 0.220
202003 0.160 106.563 0.202
202006 0.156 107.498 0.195
202009 0.146 107.635 0.183
202012 0.143 108.296 0.178
202103 0.293 108.360 0.364
202106 0.278 108.928 0.344
202109 0.263 110.338 0.321
202112 0.259 112.486 0.310
202203 0.242 114.825 0.284
202206 0.214 118.384 0.243
202209 0.193 122.296 0.212
202212 0.170 126.365 0.181
202303 0.356 127.042 0.377
202306 0.210 129.407 0.218
202309 0.203 130.224 0.210
202312 0.208 131.912 0.212
202403 0.186 132.205 0.189
202406 0.185 132.716 0.188
202409 0.179 132.304 0.182
202412 0.177 132.987 0.179
202503 0.168 132.825 0.170
202506 0.146 133.699 0.147
202509 0.135 133.480 0.136
202512 0.136 133.380 0.137
202603 0.126 133.550 0.127
202606 0.115 134.610 0.115

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.

Is Impact Coatings AB (FRA:1IC) Overvalued in 2026?

Based on GuruFocus' analysis, Impact Coatings AB stock appears to be overvalued. The current stock price of €0.27 is trading 41.6% above its estimated GF Value™ of €0.19. GuruFocus considers Impact Coatings AB to be Significantly Overvalued.

Key valuation signals for FRA:1IC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.19 vs. price of €0.27 (41.6% above fair value)
  • GF Score™: 52/100 with 2 warning signs

No single metric tells the full story. See the FRA:1IC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Impact Coatings AB Business Description

Other Exchanges IMPC:Sweden
Address Westmansgatan 29G, Linkoping, SWE, 582 16
Impact Coatings AB develops and delivers industrial PVD coating focused on fuel cells, decorative, metallized and reflector applications. The company markets coatings under the INLINECOATER brand and coatings under MAXPHASE.
52GF Score

Get the complete analysis for FRA:1IC

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

€0.27
Price
€0.19
GF Value