Holdflight AB (FRA:4YF) Cyclically Adjusted PB Ratio: (As of Aug. 19, 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:4YF Holdflight AB FRA:4YF
39 GF Score
Price €0.02
GF Value €0.01
! 2 Warning Signs
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What is Holdflight AB Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Holdflight AB  (FRA:4YF) 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.


Holdflight AB Cyclically Adjusted PB Ratio Related Terms


Holdflight AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Holdflight 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.

Holdflight AB Cyclically Adjusted PB Ratio Chart

Holdflight 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 0.00 0.00 0.00 0.00 1.54

Holdflight AB 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 0.00 0.00 1.38 1.54 1.63

FRA:4YF vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Holdflight 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.


Holdflight AB Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:4YF
39GF Score
Holdflight AB FRA:4YF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Holdflight 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.

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

For example, Holdflight AB'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)
=0.009/133.5600*133.5600
=0.009

Current CPI (Mar. 2026) = 133.5600.

Holdflight AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.006 101.019 0.008
201609 0.023 101.138 0.030
201612 0.018 102.022 0.024
201703 0.011 102.022 0.014
201706 0.011 102.752 0.014
201709 0.008 103.279 0.010
201712 0.015 103.793 0.019
201803 0.011 103.962 0.014
201806 0.009 104.875 0.011
201809 0.007 105.679 0.009
201812 0.006 105.912 0.008
201903 0.006 105.886 0.008
201906 0.006 106.742 0.008
201909 0.006 107.214 0.007
201912 0.006 107.766 0.007
202003 0.006 106.563 0.008
202006 0.006 107.498 0.007
202009 0.006 107.635 0.007
202012 0.006 108.296 0.007
202103 0.006 108.360 0.007
202106 0.007 108.928 0.009
202109 0.000 110.338 0.000
202112 0.006 112.486 0.007
202203 0.006 114.825 0.007
202206 0.007 118.384 0.008
202209 0.007 122.296 0.008
202212 0.007 126.365 0.007
202303 0.006 127.042 0.006
202306 0.006 129.407 0.006
202309 0.008 130.224 0.008
202312 0.007 131.912 0.007
202403 0.008 132.205 0.008
202406 0.007 132.716 0.007
202409 0.006 132.304 0.006
202412 0.017 132.987 0.017
202503 0.018 132.825 0.018
202506 0.016 133.699 0.016
202509 0.014 133.480 0.014
202512 0.010 133.390 0.010
202603 0.009 133.560 0.009

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 Holdflight AB (FRA:4YF) Overvalued in 2026?

Based on GuruFocus' analysis, Holdflight AB stock appears to be overvalued. The current stock price of €0.02 is trading 70% above its estimated GF Value™ of €0.01.

Key valuation signals for FRA:4YF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.01 vs. price of €0.02 (70% above fair value)
  • GF Score™: 39/100 with 2 warning signs

No single metric tells the full story. See the FRA:4YF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Holdflight AB Business Description

Other Exchanges HOLDFL:Sweden
Address Karlavagen 40, Stockholm, SWE, 114 49
Holdflight AB formerly, Fastout Int AB provides an IT platform connecting companies that want to highlight a geographic location with local dronarpiloter. The company's product creates FastOut effective marketing for their clients.
39GF Score

Get the complete analysis for FRA:4YF

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

€0.02
Price
€0.01
GF Value