Irisity AB (FRA:69M) Cyclically Adjusted PB Ratio: 0.03 (As of Jul. 27, 2026) — 95% 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:69M Irisity AB FRA:69M
33 GF Score
Price €0.02
GF Value €0.02
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Irisity AB Cyclically Adjusted PB Ratio?

Irisity AB FRA:69M 33 Cyclically Adjusted PB Ratio is 0.03 as of Jul. 27, 2026, which is 95% below its 10-year median of 0.57. GuruFocus rates FRA:69M with a GF Score™ of 33/100 and a GF Value™ of €0.02 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 729 Business Services companies, Irisity AB ranks better than 99.18% on this metric.

As of today (2026-07-27), Irisity AB's current share price is €0.0176. Irisity AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.52. Irisity AB's Cyclically Adjusted PB Ratio for today is 0.03.

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

FRA:69M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.57   Max: 10.72
Current: 0.04

During the past years, Irisity AB's highest Cyclically Adjusted PB Ratio was 10.72. The lowest was 0.02. And the median was 0.57.

FRA:69M's Cyclically Adjusted PB Ratio is ranked better than
99.18% of 729 companies
in the Business Services industry
Industry Median: 1.56 vs FRA:69M: 0.04

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.

Irisity AB's adjusted book value per share data for the three months ended in Mar. 2026 was €0.063. 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 €0.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Irisity AB  (FRA:69M) 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.


Irisity AB Cyclically Adjusted PB Ratio Related Terms


Irisity AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Irisity 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.

Irisity AB Cyclically Adjusted PB Ratio Chart

Irisity 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 1.33 0.76 0.16 0.02

Irisity 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 0.05 0.05 0.02 0.02 0.02

FRA:69M vs ALLE, MSA, ADT: Cyclically Adjusted PB Ratio Comparison

For the Security & Protection Services subindustry, Irisity 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.


Irisity AB Cyclically Adjusted PB Ratio vs Business Services Industry

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

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


FRA:69M
33GF Score
Irisity AB FRA:69M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Irisity 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0176/0.52
=0.03

* 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.

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

For example, Irisity 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)
=0.063/133.5600*133.5600
=0.063

Current CPI (Mar. 2026) = 133.5600.

Irisity AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.024 101.019 0.032
201609 0.014 101.138 0.018
201612 0.068 102.022 0.089
201703 0.029 102.022 0.038
201706 0.029 102.752 0.038
201709 0.035 103.279 0.045
201712 0.214 103.793 0.275
201803 0.170 103.962 0.218
201806 0.127 104.875 0.162
201809 0.135 105.679 0.171
201812 0.214 105.912 0.270
201903 0.290 105.886 0.366
201906 0.263 106.742 0.329
201909 0.246 107.214 0.306
201912 0.297 107.766 0.368
202003 0.272 106.563 0.341
202006 0.270 107.498 0.335
202009 0.259 107.635 0.321
202012 0.369 108.296 0.455
202103 0.358 108.360 0.441
202106 0.340 108.928 0.417
202109 0.725 110.338 0.878
202112 1.597 112.486 1.896
202203 1.536 114.825 1.787
202206 1.628 118.384 1.837
202209 1.655 122.296 1.807
202212 1.447 126.365 1.529
202303 1.354 127.042 1.423
202306 1.318 129.407 1.360
202309 1.175 130.224 1.205
202312 0.945 131.912 0.957
202403 0.960 132.205 0.970
202406 0.739 132.716 0.744
202409 0.641 132.304 0.647
202412 0.314 132.987 0.315
202503 0.331 132.825 0.333
202506 0.200 133.699 0.200
202509 0.180 133.480 0.180
202512 0.070 133.390 0.070
202603 0.063 133.560 0.063

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 0.03 mean?
Irisity AB (FRA:69M) has a Cyclically Adjusted PB Ratio of 0.03 as of Jul. 27, 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 Irisity AB and its competitors. This is 95% below median its historical median of 0.57. Over the past decade, Irisity AB's Cyclically Adjusted PB Ratio has ranged from 0.02 to 10.72. According to the industry distribution chart, Irisity AB ranks #6 out of 729 companies in the Business Services industry, placing it in the top 0.8%.
Is Irisity AB's Cyclically Adjusted PB Ratio too high?
Irisity AB's current Cyclically Adjusted PB Ratio of 0.03 is 95% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 10.72. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Irisity AB's value of 0.03 is 98.1% below this industry median. Based on the distribution chart, Irisity AB ranks #6 out of 729 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Irisity AB has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Irisity AB's Cyclically Adjusted PB Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, Irisity AB ranks #6 out of 729 companies for Cyclically Adjusted PB Ratio. This places Irisity AB in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.56. Irisity AB's value of 0.03 is 98.1% below this benchmark. Historically, Irisity AB's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 10.72 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.56, Irisity AB has consistently been below 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 729 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. Irisity AB's current Cyclically Adjusted PB Ratio of 0.03 is 98.1% below 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 Irisity 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. Irisity AB's current Cyclically Adjusted PB Ratio is 0.03, which is 95% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Irisity AB stock overvalued right now?
Based on GuruFocus' analysis, Irisity AB (FRA:69M) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading 12% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.03, which is 95% below median its 10-year median of 0.57 and 98.1% below the Business Services industry median of 1.56. Irisity AB's overall GF Score™ is 33/100 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 Irisity AB (FRA:69M), the current Cyclically Adjusted PB Ratio is 0.03 as of Jul. 27, 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 Irisity AB (FRA:69M) Overvalued in 2026?

Based on GuruFocus' analysis, Irisity AB stock appears to be undervalued. The current stock price of €0.02 is trading 12% below its estimated GF Value™ of €0.02. GuruFocus considers Irisity AB to be Modestly Undervalued.

Key valuation signals for FRA:69M:

  • Cyclically Adjusted PB Ratio: 0.03 (95% below median its 10-year median of 0.57)
  • GF Value™: €0.02 vs. price of €0.02 (12% below fair value)
  • GF Score™: 33/100 with 4 warning signs
  • Industry Position: 98.1% below the Business Services median (#6 of 729)

No single metric tells the full story. See the FRA:69M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Irisity AB Business Description

Other Exchanges IRIS:Sweden
Address Lindholmspiren 7A, Gothenburg, SWE, 417 56
Irisity AB is a company involved in developing security solutions for surveillance. The company's AI-driven video analytics solutions in software transform standard security cameras into intelligent detection systems, all while maintaining a commitment to privacy. The company's AI Open Platform enhances any camera and video management system by integrating a choice of AI and video metadata management featuring hybrid architecture, built-in anonymization, and flexible deployment.
33GF Score

Get the complete analysis for FRA:69M

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

€0.02
Price
€0.02
GF Value