Transtema Group AB (FRA:9G8) Cyclically Adjusted PB Ratio: 0.70 (As of Sep. 09, 2026) — 27% Above 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:9G8 Transtema Group AB FRA:9G8
55 GF Score
Price €0.45
GF Value €0.91
! 7 Warning Signs
View Full Analysis

What is Transtema Group AB Cyclically Adjusted PB Ratio?

Transtema Group AB FRA:9G8 +0.45% 55 Cyclically Adjusted PB Ratio is 0.70 as of Sep. 09, 2026, which is 27% above its 10-year median of 0.55. GuruFocus rates FRA:9G8 with a GF Score™ of 55/100 and a GF Value™ of €0.91. The stock has 7 warning signs investors should review. Among 289 Telecommunication Services companies, Transtema Group AB ranks better than 83.39% on this metric.

As of today (2026-09-09), Transtema Group AB's current share price is €0.4465. Transtema Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.64. Transtema Group AB's Cyclically Adjusted PB Ratio for today is 0.70.

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

FRA:9G8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.55   Max: 1.15
Current: 0.58

During the past years, Transtema Group AB's highest Cyclically Adjusted PB Ratio was 1.15. The lowest was 0.39. And the median was 0.55.

FRA:9G8's Cyclically Adjusted PB Ratio is ranked better than
83.39% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.75 vs FRA:9G8: 0.58

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.

Transtema Group AB's adjusted book value per share data for the three months ended in Jun. 2026 was €0.652. 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 €0.64 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Transtema Group AB  (FRA:9G8) 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.


Transtema Group AB Cyclically Adjusted PB Ratio Related Terms


Transtema Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Transtema Group 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.

Transtema Group AB Cyclically Adjusted PB Ratio Chart

Transtema Group 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 0.80

Transtema Group 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 0.00 1.17 0.80 0.40 0.44

FRA:9G8 vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Transtema Group 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.


Transtema Group AB Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Transtema Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:9G8
55GF Score
Transtema Group AB FRA:9G8
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transtema Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.4465/0.64
=0.70

* 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.

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

For example, Transtema Group 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)
=0.652/134.6100*134.6100
=0.652

Current CPI (Jun. 2026) = 134.6100.

Transtema Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 101.138 0.000
201612 0.465 102.022 0.614
201703 0.543 102.022 0.716
201706 0.843 102.752 1.104
201709 1.087 103.279 1.417
201712 0.973 103.793 1.262
201803 0.939 103.962 1.216
201806 0.952 104.875 1.222
201809 1.028 105.679 1.309
201812 0.972 105.912 1.235
201903 0.910 105.886 1.157
201906 0.833 106.742 1.050
201909 0.290 107.214 0.364
201912 0.306 107.766 0.382
202003 0.320 106.563 0.404
202006 0.325 107.498 0.407
202009 0.324 107.635 0.405
202012 0.347 108.296 0.431
202103 0.407 108.360 0.506
202106 0.450 108.928 0.556
202109 0.492 110.338 0.600
202112 0.539 112.486 0.645
202203 0.584 114.825 0.685
202206 0.603 118.384 0.686
202209 0.650 122.296 0.715
202212 0.768 126.365 0.818
202303 0.803 127.042 0.851
202306 0.928 129.407 0.965
202309 0.963 130.224 0.995
202312 1.014 131.912 1.035
202403 0.975 132.205 0.993
202406 0.993 132.716 1.007
202409 0.962 132.304 0.979
202412 0.955 132.987 0.967
202503 0.981 132.825 0.994
202506 0.989 133.699 0.996
202509 0.977 133.480 0.985
202512 0.726 133.390 0.733
202603 0.737 133.560 0.743
202606 0.652 134.610 0.652

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 0.70 mean?
Transtema Group AB (FRA:9G8) has a Cyclically Adjusted PB Ratio of 0.70 as of Sep. 09, 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 Transtema Group AB and its competitors. This is 27% above median its historical median of 0.55. Over the past decade, Transtema Group AB's Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.15. According to the industry distribution chart, Transtema Group AB ranks #48 out of 289 companies in the Telecommunication Services industry, placing it in the top 16.6%.
Is Transtema Group AB's Cyclically Adjusted PB Ratio too high?
Transtema Group AB's current Cyclically Adjusted PB Ratio of 0.70 is 27% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.15. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.75. Transtema Group AB's value of 0.70 is 60% below this industry median. Based on the distribution chart, Transtema Group AB ranks #48 out of 289 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Transtema Group AB has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Transtema Group AB's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Transtema Group AB ranks #48 out of 289 companies for Cyclically Adjusted PB Ratio. This places Transtema Group AB in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.75. Transtema Group AB's value of 0.70 is 60% below this benchmark. Historically, Transtema Group AB's own Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.15 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.75, Transtema Group 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.75, based on 289 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. Transtema Group AB's current Cyclically Adjusted PB Ratio of 0.70 is 60% 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 Transtema Group AB and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transtema Group AB's current Cyclically Adjusted PB Ratio is 0.70, which is 27% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transtema Group AB stock overvalued right now?
Transtema Group AB (FRA:9G8) has a current Cyclically Adjusted PB Ratio of 0.70. The stock's GF Value™ is €0.91, compared to a current price of €0.45 — trading 50.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is 27% above median its 10-year median of 0.55 and 60% below the Telecommunication Services industry median of 1.75. Transtema Group AB's overall GF Score™ is 55/100 with 7 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 Transtema Group AB (FRA:9G8), the current Cyclically Adjusted PB Ratio is 0.70 as of Sep. 09, 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 Transtema Group AB (FRA:9G8) Overvalued in 2026?

Based on GuruFocus' analysis, Transtema Group AB stock appears to be undervalued. The current stock price of €0.45 is trading 50.9% below its estimated GF Value™ of €0.91.

Key valuation signals for FRA:9G8:

  • Cyclically Adjusted PB Ratio: 0.70 (27% above median its 10-year median of 0.55)
  • GF Value™: €0.91 vs. price of €0.45 (50.9% below fair value)
  • GF Score™: 55/100 with 7 warning signs
  • Industry Position: 60% below the Telecommunication Services median (#48 of 289)

No single metric tells the full story. See the FRA:9G8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Transtema Group AB Business Description

Other Exchanges TRANS:Sweden
Address Flojelsbergsgatan 12, Molndal, SWE, 431 37
Transtema Group AB delivers network and communication solutions. The company offers design, construction, operation and maintenance of communication networks as well as technical consulting services to telecom operators, city networks, municipalities, power companies and larger companies. The company is active in the entire value chain, from planning, design and construction, to operation and maintenance. The company is also a reseller of network equipment.
55GF Score

Get the complete analysis for FRA:9G8

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

€0.45
Price
€0.91
GF Value