Amber Grid AB (FRA:AMH) Cyclically Adjusted PB Ratio: 1.05 (As of Jul. 22, 2026) — Near 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:AMH Amber Grid AB FRA:AMH
53 GF Score
Price €1.10
GF Value €1.28
! 11 Warning Signs
View Full Analysis

What is Amber Grid AB Cyclically Adjusted PB Ratio?

Amber Grid AB FRA:AMH 53 Cyclically Adjusted PB Ratio is 1.05 as of Jul. 22, 2026, which is 2% above its 10-year median of 1.03. GuruFocus rates FRA:AMH with a GF Score™ of 53/100 and a GF Value™ of €1.28. The stock has 11 warning signs investors should review. Among 441 Utilities - Regulated companies, Amber Grid AB ranks better than 66.89% on this metric.

As of today (2026-07-22), Amber Grid AB's current share price is €1.10. Amber Grid AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.05. Amber Grid AB's Cyclically Adjusted PB Ratio for today is 1.05.

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

FRA:AMH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.03   Max: 1.16
Current: 1.05

During the past years, Amber Grid AB's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.82. And the median was 1.03.

FRA:AMH's Cyclically Adjusted PB Ratio is ranked better than
66.89% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.53 vs FRA:AMH: 1.05

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.

Amber Grid AB's adjusted book value per share data for the three months ended in Mar. 2026 was €1.020. 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 €1.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amber Grid AB  (FRA:AMH) 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.


Amber Grid AB Cyclically Adjusted PB Ratio Related Terms


Amber Grid AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amber Grid 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.

Amber Grid AB Cyclically Adjusted PB Ratio Chart

Amber Grid 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 0.87 0.99 1.14

Amber Grid 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 1.09 1.06 1.04 1.14 1.03

FRA:AMH vs ATO, NI, UGI: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Gas subindustry, Amber Grid 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.


Amber Grid AB Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Amber Grid AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:AMH
53GF Score
Amber Grid AB FRA:AMH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amber Grid 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.10/1.05
=1.05

* 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.

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

For example, Amber Grid 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)
=1.02/330.2130*330.2130
=1.020

Current CPI (Mar. 2026) = 330.2130.

Amber Grid AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.084 241.018 1.485
201609 1.100 241.428 1.505
201612 1.137 241.432 1.555
201703 1.182 243.801 1.601
201706 1.081 244.955 1.457
201709 1.100 246.819 1.472
201712 0.962 246.524 1.289
201803 0.994 249.554 1.315
201806 0.887 251.989 1.162
201809 0.894 252.439 1.169
201812 0.725 251.233 0.953
201903 0.762 254.202 0.990
201906 0.735 256.143 0.948
201909 0.750 256.759 0.965
201912 0.766 256.974 0.984
202003 0.793 258.115 1.015
202006 0.814 257.797 1.043
202009 0.848 260.280 1.076
202012 0.868 260.474 1.100
202103 0.919 264.877 1.146
202106 0.938 271.696 1.140
202109 0.952 274.310 1.146
202112 0.998 278.802 1.182
202203 1.028 287.504 1.181
202206 0.984 296.311 1.097
202209 1.002 296.808 1.115
202212 1.030 296.797 1.146
202303 1.041 301.836 1.139
202306 1.031 305.109 1.116
202309 1.049 307.789 1.125
202312 1.051 306.746 1.131
202403 1.073 312.332 1.134
202406 0.957 314.175 1.006
202409 0.970 315.301 1.016
202412 0.985 315.605 1.031
202503 1.008 319.799 1.041
202506 0.940 322.561 0.962
202509 0.933 324.800 0.949
202512 0.932 324.054 0.950
202603 1.020 330.213 1.020

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 1.05 mean?
Amber Grid AB (FRA:AMH) has a Cyclically Adjusted PB Ratio of 1.05 as of Jul. 22, 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 Amber Grid AB and its competitors. This is near median its historical median of 1.03. Over the past decade, Amber Grid AB's Cyclically Adjusted PB Ratio has ranged from 0.82 to 1.16. According to the industry distribution chart, Amber Grid AB ranks #146 out of 441 companies in the Utilities - Regulated industry, placing it in the top 33.1%.
Is Amber Grid AB's Cyclically Adjusted PB Ratio too high?
Amber Grid AB's current Cyclically Adjusted PB Ratio of 1.05 is near median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 1.16. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Amber Grid AB's value of 1.05 is 31.4% below this industry median. Based on the distribution chart, Amber Grid AB ranks #146 out of 441 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Amber Grid AB has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Amber Grid AB's Cyclically Adjusted PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Amber Grid AB ranks #146 out of 441 companies for Cyclically Adjusted PB Ratio. This puts Amber Grid AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Amber Grid AB's value of 1.05 is 31.4% below this benchmark. Historically, Amber Grid AB's own Cyclically Adjusted PB Ratio has ranged from 0.82 to 1.16 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.53, Amber Grid 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 441 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. Amber Grid AB's current Cyclically Adjusted PB Ratio of 1.05 is 31.4% 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 Amber Grid AB and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amber Grid AB's current Cyclically Adjusted PB Ratio is 1.05, which is near median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amber Grid AB stock overvalued right now?
Amber Grid AB (FRA:AMH) has a current Cyclically Adjusted PB Ratio of 1.05. The stock's GF Value™ is €1.28, compared to a current price of €1.10 — trading 14.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is near median its 10-year median of 1.03 and 31.4% below the Utilities - Regulated industry median of 1.53. Amber Grid AB's overall GF Score™ is 53/100 with 11 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 Amber Grid AB (FRA:AMH), the current Cyclically Adjusted PB Ratio is 1.05 as of Jul. 22, 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 Amber Grid AB (FRA:AMH) Overvalued in 2026?

Based on GuruFocus' analysis, Amber Grid AB stock appears to be undervalued. The current stock price of €1.10 is trading 14.1% below its estimated GF Value™ of €1.28.

Key valuation signals for FRA:AMH:

  • Cyclically Adjusted PB Ratio: 1.05 (near median its 10-year median of 1.03)
  • GF Value™: €1.28 vs. price of €1.10 (14.1% below fair value)
  • GF Score™: 53/100 with 11 warning signs
  • Industry Position: 31.4% below the Utilities - Regulated median (#146 of 441)

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


Amber Grid AB Business Description

Other Exchanges AMG1L:Lithuania
Address Laisves avenue 10, Vilnius, LTU, LT04215
Amber Grid AB is the gas transmission system operator in Lithuania, which ensures reliable and safe transporting of natural gas to its consumers through high pressure gas pipelines. The company is responsible for the operation, maintenance and development of the Lithuanian gas transmission infrastructure consisting of a network of nearly 2,300 km-long gas pipelines and two gas compressor stations. The company has one operating segment, i.e. the natural gas transmission segment. It has a single geographical segment the Republic of Lithuania.
53GF Score

Get the complete analysis for FRA:AMH

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

€1.10
Price
€1.28
GF Value