Rejlers AB (FRA:3RE) Cyclically Adjusted PB Ratio: 2.27 (As of Jul. 29, 2026) — 16% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:3RE Rejlers AB FRA:3RE
77 GF Score
Price €14.10
GF Value €14.91
! 4 Warning Signs
View Full Analysis

What is Rejlers AB Cyclically Adjusted PB Ratio?

Rejlers AB FRA:3RE +1.59% 77 Cyclically Adjusted PB Ratio is 2.27 as of Jul. 29, 2026, which is 16% below its 10-year median of 2.69. GuruFocus rates FRA:3RE with a GF Score™ of 77/100 and a GF Value™ of €14.91. The stock has 4 warning signs investors should review. Among 728 Business Services companies, Rejlers AB ranks worse than 63.46% on this metric.

As of today (2026-07-29), Rejlers AB's current share price is €14.10. Rejlers AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €6.20. Rejlers AB's Cyclically Adjusted PB Ratio for today is 2.27.

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

FRA:3RE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.72   Med: 2.69   Max: 4.65
Current: 2.18

During the past years, Rejlers AB's highest Cyclically Adjusted PB Ratio was 4.65. The lowest was 1.72. And the median was 2.69.

FRA:3RE's Cyclically Adjusted PB Ratio is ranked worse than
63.46% of 728 companies
in the Business Services industry
Industry Median: 1.56 vs FRA:3RE: 2.18

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.

Rejlers AB's adjusted book value per share data for the three months ended in Jun. 2026 was €8.468. 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 €6.20 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rejlers AB  (FRA:3RE) 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.


Rejlers AB Cyclically Adjusted PB Ratio Related Terms


Rejlers AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rejlers 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.

Rejlers AB Cyclically Adjusted PB Ratio Chart

Rejlers 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 3.46 2.67 2.11 2.25 2.81

Rejlers 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 3.03 2.83 2.81 2.28 2.00

FRA:3RE vs VRSK, EFX, BAH: Cyclically Adjusted PB Ratio Comparison

For the Consulting Services subindustry, Rejlers 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.


Rejlers AB Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Rejlers AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:3RE
77GF Score
Rejlers AB FRA:3RE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rejlers 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.10/6.20
=2.27

* 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.

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

For example, Rejlers 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)
=8.468/134.1100*134.1100
=8.468

Current CPI (Jun. 2026) = 134.1100.

Rejlers AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.734 101.138 4.951
201612 3.686 102.022 4.845
201703 3.526 102.022 4.635
201706 4.239 102.752 5.533
201709 4.254 103.279 5.524
201712 4.105 103.793 5.304
201803 4.123 103.962 5.319
201806 3.985 104.875 5.096
201809 3.973 105.679 5.042
201812 3.806 105.912 4.819
201903 3.930 105.886 4.978
201906 3.903 106.742 4.904
201909 3.957 107.214 4.950
201912 4.508 107.766 5.610
202003 4.457 106.563 5.609
202006 4.450 107.498 5.552
202009 5.665 107.635 7.058
202012 5.772 108.296 7.148
202103 5.995 108.360 7.420
202106 6.156 108.928 7.579
202109 6.217 110.338 7.556
202112 6.011 112.486 7.167
202203 6.286 114.825 7.342
202206 6.114 118.384 6.926
202209 6.289 122.296 6.897
202212 6.637 126.365 7.044
202303 6.715 127.042 7.089
202306 6.812 129.407 7.060
202309 6.737 130.224 6.938
202312 7.286 131.912 7.407
202403 7.542 132.205 7.651
202406 7.319 132.716 7.396
202409 7.358 132.304 7.458
202412 7.617 132.987 7.681
202503 8.105 132.825 8.183
202506 8.040 133.699 8.065
202509 8.191 133.480 8.230
202512 8.530 133.390 8.576
202603 8.977 133.560 9.014
202606 8.468 134.110 8.468

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 2.27 mean?
Rejlers AB (FRA:3RE) has a Cyclically Adjusted PB Ratio of 2.27 as of Jul. 29, 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 Rejlers AB and its competitors. This is 16% below median its historical median of 2.69. Over the past decade, Rejlers AB's Cyclically Adjusted PB Ratio has ranged from 1.72 to 4.65. According to the industry distribution chart, Rejlers AB ranks #462 out of 728 companies in the Business Services industry, placing it in the top 63.5%.
Is Rejlers AB's Cyclically Adjusted PB Ratio too high?
Rejlers AB's current Cyclically Adjusted PB Ratio of 2.27 is 16% below median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 4.65. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Rejlers AB's value of 2.27 is 45.5% above this industry median. Based on the distribution chart, Rejlers AB ranks #462 out of 728 companies in the Business Services industry, which is below the industry midpoint. Overall, Rejlers AB has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Rejlers AB's Cyclically Adjusted PB Ratio compare to VRSK and EFX?
According to the Business Services industry distribution chart, Rejlers AB ranks #462 out of 728 companies for Cyclically Adjusted PB Ratio. This places Rejlers AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Rejlers AB's value of 2.27 is 45.5% above this benchmark. Historically, Rejlers AB's own Cyclically Adjusted PB Ratio has ranged from 1.72 to 4.65 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 1.56, Rejlers 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 a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 728 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. Rejlers AB's current Cyclically Adjusted PB Ratio of 2.27 is 45.5% 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 Rejlers AB and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rejlers AB's current Cyclically Adjusted PB Ratio is 2.27, which is 16% below median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rejlers AB stock overvalued right now?
Rejlers AB (FRA:3RE) has a current Cyclically Adjusted PB Ratio of 2.27. The stock's GF Value™ is €14.91, compared to a current price of €14.10 — trading 5.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.27, which is 16% below median its 10-year median of 2.69 and 45.5% above the Business Services industry median of 1.56. Rejlers AB's overall GF Score™ is 77/100 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 Rejlers AB (FRA:3RE), the current Cyclically Adjusted PB Ratio is 2.27 as of Jul. 29, 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 Rejlers AB (FRA:3RE) Overvalued in 2026?

Based on GuruFocus' analysis, Rejlers AB stock appears to be undervalued. The current stock price of €14.10 is trading 5.4% below its estimated GF Value™ of €14.91.

Key valuation signals for FRA:3RE:

  • Cyclically Adjusted PB Ratio: 2.27 (16% below median its 10-year median of 2.69)
  • GF Value™: €14.91 vs. price of €14.10 (5.4% below fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 45.5% above the Business Services median (#462 of 728)

No single metric tells the full story. See the FRA:3RE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rejlers AB Business Description

Other Exchanges REJL B:Sweden0JH0:UK
Address Lindhagensgatan 126, Box 30233, Stockholm, SWE, SE 104 25
Rejlers AB offers technical consulting services. The company offers services to customers in the areas of buildings and properties, Power and energy, industry, Communication and security, Technical management consulting, and infrastructure. Rejlers' operations are divided into three segments: Rejlers Sweden, Rejlers Finland, and Rejlers Norway. Rejlers consultancy services include project management, project engineering, programming, design, and commissioning. It derives maximum revenue from Rejlers Sweden segment.
77GF Score

Get the complete analysis for FRA:3RE

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

€14.10
Price
€14.91
GF Value