Addnode Group AB (FRA:AR7) Cyclically Adjusted PB Ratio: 2.67 (As of Aug. 07, 2026) — 63% 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:AR7 Addnode Group AB FRA:AR7
75 GF Score
Price €3.42
GF Value €6.09
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Addnode Group AB Cyclically Adjusted PB Ratio?

Addnode Group AB FRA:AR7 +0.59% 75 Cyclically Adjusted PB Ratio is 2.67 as of Aug. 07, 2026, which is 63% below its 10-year median of 7.20. GuruFocus rates FRA:AR7 with a GF Score™ of 75/100 and a GF Value™ of €6.09 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,564 Software companies, Addnode Group AB ranks worse than 53.01% on this metric.

As of today (2026-08-07), Addnode Group AB's current share price is €3.415. Addnode Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.28. Addnode Group AB's Cyclically Adjusted PB Ratio for today is 2.67.

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

FRA:AR7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.44   Med: 7.2   Max: 11.64
Current: 2.44

During the past years, Addnode Group AB's highest Cyclically Adjusted PB Ratio was 11.64. The lowest was 2.44. And the median was 7.20.

FRA:AR7's Cyclically Adjusted PB Ratio is ranked worse than
53.01% of 1564 companies
in the Software industry
Industry Median: 2.245 vs FRA:AR7: 2.44

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.

Addnode Group AB's adjusted book value per share data for the three months ended in Jun. 2026 was €1.914. 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 €1.28 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Addnode Group AB  (FRA:AR7) 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.


Addnode Group AB Cyclically Adjusted PB Ratio Related Terms


Addnode Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Addnode 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.

Addnode Group AB Cyclically Adjusted PB Ratio Chart

Addnode 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 11.38 8.82 6.93 7.86 6.84

Addnode 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 8.09 7.54 6.84 4.58 2.77

FRA:AR7 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Addnode 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.


Addnode Group AB Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:AR7
75GF Score
Addnode Group AB FRA:AR7
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Addnode 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.415/1.28
=2.67

* 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.

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

For example, Addnode 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)
=1.914/134.6100*134.6100
=1.914

Current CPI (Jun. 2026) = 134.6100.

Addnode Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.800 101.138 1.065
201612 0.816 102.022 1.077
201703 0.851 102.022 1.123
201706 0.780 102.752 1.022
201709 0.795 103.279 1.036
201712 0.812 103.793 1.053
201803 0.842 103.962 1.090
201806 0.924 104.875 1.186
201809 0.923 105.679 1.176
201812 0.975 105.912 1.239
201903 0.981 105.886 1.247
201906 0.937 106.742 1.182
201909 0.960 107.214 1.205
201912 1.006 107.766 1.257
202003 1.011 106.563 1.277
202006 1.032 107.498 1.292
202009 1.064 107.635 1.331
202012 1.111 108.296 1.381
202103 1.180 108.360 1.466
202106 1.181 108.928 1.459
202109 1.213 110.338 1.480
202112 1.233 112.486 1.476
202203 1.286 114.825 1.508
202206 1.264 118.384 1.437
202209 1.311 122.296 1.443
202212 1.366 126.365 1.455
202303 1.402 127.042 1.486
202306 1.323 129.407 1.376
202309 1.304 130.224 1.348
202312 1.419 131.912 1.448
202403 1.514 132.205 1.542
202406 1.461 132.716 1.482
202409 1.504 132.304 1.530
202412 1.602 132.987 1.622
202503 1.685 132.825 1.708
202506 1.640 133.699 1.651
202509 1.770 133.480 1.785
202512 1.853 133.390 1.870
202603 2.022 133.560 2.038
202606 1.914 134.610 1.914

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 2.67 mean?
Addnode Group AB (FRA:AR7) has a Cyclically Adjusted PB Ratio of 2.67 as of Aug. 07, 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 Addnode Group AB and its competitors. This is 63% below median its historical median of 7.20. Over the past decade, Addnode Group AB's Cyclically Adjusted PB Ratio has ranged from 2.44 to 11.64. According to the industry distribution chart, Addnode Group AB ranks #829 out of 1564 companies in the Software industry, placing it in the top 53%.
Is Addnode Group AB's Cyclically Adjusted PB Ratio too high?
Addnode Group AB's current Cyclically Adjusted PB Ratio of 2.67 is 63% below median its 10-year median of 7.20. Over the past 10 years, this metric has ranged from a low of 2.44 to a high of 11.64. The Software industry median Cyclically Adjusted PB Ratio is 2.25. Addnode Group AB's value of 2.67 is 18.9% above this industry median. Based on the distribution chart, Addnode Group AB ranks #829 out of 1564 companies in the Software industry, which is below the industry midpoint. Overall, Addnode Group AB has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Addnode Group AB's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Addnode Group AB ranks #829 out of 1564 companies for Cyclically Adjusted PB Ratio. This places Addnode Group AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. Addnode Group AB's value of 2.67 is 18.9% above this benchmark. Historically, Addnode Group AB's own Cyclically Adjusted PB Ratio has ranged from 2.44 to 11.64 over the past decade. While the company's 10-year median is 7.20 vs. the industry median of 2.25, Addnode Group 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.25, based on 1,564 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. Addnode Group AB's current Cyclically Adjusted PB Ratio of 2.67 is 18.9% 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 Addnode Group AB and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Addnode Group AB's current Cyclically Adjusted PB Ratio is 2.67, which is 63% below median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Addnode Group AB stock overvalued right now?
Based on GuruFocus' analysis, Addnode Group AB (FRA:AR7) is currently considered Possible Value Trap. The stock's GF Value™ is €6.09, compared to a current price of €3.42 — trading 43.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.67, which is 63% below median its 10-year median of 7.20 and 18.9% above the Software industry median of 2.25. Addnode Group AB's overall GF Score™ is 75/100 with 6 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 Addnode Group AB (FRA:AR7), the current Cyclically Adjusted PB Ratio is 2.67 as of Aug. 07, 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 Addnode Group AB (FRA:AR7) Overvalued in 2026?

Based on GuruFocus' analysis, Addnode Group AB stock appears to be undervalued. The current stock price of €3.42 is trading 43.9% below its estimated GF Value™ of €6.09. GuruFocus considers Addnode Group AB to be Possible Value Trap.

Key valuation signals for FRA:AR7:

  • Cyclically Adjusted PB Ratio: 2.67 (63% below median its 10-year median of 7.20)
  • GF Value™: €6.09 vs. price of €3.42 (43.9% below fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 18.9% above the Software median (#829 of 1564)

No single metric tells the full story. See the FRA:AR7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Addnode Group AB Business Description

Address Norra Stationsgatan 93, Stockholm, SWE, SE-113 64
Addnode Group AB acquires, operates, and develops businesses that provide digital technologies and services in Sweden. Its operations are divided into three business divisions: The Design Management business, the Product Lifecycle Management (PLM) and the Process Management business. The majority of revenue is derived from the Design Management business, which offers digital solutions and services for design, BIM, product data and facility management for architects and engineers in the manufacturing and construction industries, in both private and public sector. Geographically, the company generates the maximum revenue from Sweden and the rest from the USA, UK, Germany, Norway, etc.
75GF Score

Get the complete analysis for FRA:AR7

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

€3.42
Price
€6.09
GF Value