Fastighets AB Balder (FRA:28F0) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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FRA:28F0 Fastighets AB Balder FRA:28F0
73 GF Score
Price €4.40
GF Value €5.84
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Fastighets AB Balder Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fastighets AB Balder  (FRA:28F0) 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.


Fastighets AB Balder Cyclically Adjusted PB Ratio Related Terms


Fastighets AB Balder Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fastighets AB Balder'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.

Fastighets AB Balder Cyclically Adjusted PB Ratio Chart

Fastighets AB Balder 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 2.51 0.81 1.03 0.95 0.83

Fastighets AB Balder 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 0.90 0.84 0.85 0.67 0.66

Fastighets AB Balder Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Fastighets AB Balder'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.


Fastighets AB Balder Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


FRA:28F0
73GF Score
Fastighets AB Balder FRA:28F0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fastighets AB Balder 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.

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

For example, Fastighets AB Balder'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)
=8.115/134.6100*134.6100
=8.115

Current CPI (Jun. 2026) = 134.6100.

Fastighets AB Balder Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.928 101.138 3.897
201612 3.234 102.022 4.267
201703 3.462 102.022 4.568
201706 3.596 102.752 4.711
201709 3.391 103.279 4.420
201712 3.552 103.793 4.607
201803 3.573 103.962 4.626
201806 3.718 104.875 4.772
201809 4.074 105.679 5.189
201812 4.331 105.912 5.505
201903 4.342 105.886 5.520
201906 4.406 106.742 5.556
201909 4.527 107.214 5.684
201912 5.175 107.766 6.464
202003 5.148 106.563 6.503
202006 5.381 107.498 6.738
202009 5.491 107.635 6.867
202012 6.037 108.296 7.504
202103 6.253 108.360 7.768
202106 6.505 108.928 8.039
202109 7.092 110.338 8.652
202112 7.687 112.486 9.199
202203 8.227 114.825 9.645
202206 8.255 118.384 9.386
202209 8.249 122.296 9.080
202212 8.019 126.365 8.542
202303 7.855 127.042 8.323
202306 7.504 129.407 7.806
202309 7.576 130.224 7.831
202312 7.316 131.912 7.466
202403 7.126 132.205 7.256
202406 7.307 132.716 7.411
202409 7.265 132.304 7.392
202412 7.472 132.987 7.563
202503 7.949 132.825 8.056
202506 7.815 133.699 7.868
202509 8.076 133.480 8.144
202512 8.293 133.380 8.369
202603 8.437 133.550 8.504
202606 8.115 134.610 8.115

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 Fastighets AB Balder (FRA:28F0) Overvalued in 2026?

Based on GuruFocus' analysis, Fastighets AB Balder stock appears to be undervalued. The current stock price of €4.40 is trading 24.7% below its estimated GF Value™ of €5.84. GuruFocus considers Fastighets AB Balder to be Modestly Undervalued.

Key valuation signals for FRA:28F0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €5.84 vs. price of €4.40 (24.7% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the FRA:28F0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fastighets AB Balder Business Description

Address Parkgatan 49, P.O. Box 53121, Gothenburg, SWE, 400 15
Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group's business segments are; Helsinki, which derives key income, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate.
73GF Score

Get the complete analysis for FRA:28F0

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

€4.40
Price
€5.84
GF Value