Solteq Oyj (FRA:B3M) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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:B3M Solteq Oyj FRA:B3M
39 GF Score
Price €0.26
GF Value €0.38
! 5 Warning Signs
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What is Solteq Oyj Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Solteq Oyj  (FRA:B3M) 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.


Solteq Oyj Cyclically Adjusted PB Ratio Related Terms


Solteq Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Solteq Oyj'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.

Solteq Oyj Cyclically Adjusted PB Ratio Chart

Solteq Oyj 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 3.91 0.95 0.51 0.43 0.26

Solteq Oyj 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 0.43 0.39 0.25 0.22 0.17

FRA:B3M vs IBM, ACN, CTSH: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Solteq Oyj'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.


Solteq Oyj Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:B3M
39GF Score
Solteq Oyj FRA:B3M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Solteq Oyj 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.

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

For example, Solteq Oyj'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)
=0.676/125.0700*125.0700
=0.676

Current CPI (Jun. 2026) = 125.0700.

Solteq Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.169 100.540 1.454
201612 1.197 101.020 1.482
201703 1.135 100.910 1.407
201706 1.168 101.140 1.444
201709 1.127 101.320 1.391
201712 1.128 101.510 1.390
201803 1.141 101.730 1.403
201806 1.116 102.320 1.364
201809 1.118 102.600 1.363
201812 1.129 102.710 1.375
201903 1.169 102.870 1.421
201906 1.175 103.360 1.422
201909 1.163 103.540 1.405
201912 1.270 103.650 1.532
202003 1.268 103.490 1.532
202006 1.312 103.320 1.588
202009 1.338 103.710 1.614
202012 1.373 103.890 1.653
202103 1.308 104.870 1.560
202106 1.390 105.360 1.650
202109 1.413 106.290 1.663
202112 1.444 107.490 1.680
202203 1.483 110.950 1.672
202206 1.477 113.570 1.627
202209 1.246 114.920 1.356
202212 1.162 117.320 1.239
202303 1.170 119.750 1.222
202306 1.358 120.690 1.407
202309 1.307 121.280 1.348
202312 0.888 121.540 0.914
202403 0.848 122.360 0.867
202406 0.823 122.230 0.842
202409 0.792 122.260 0.810
202412 0.822 122.390 0.840
202503 0.804 123.010 0.817
202506 0.801 122.530 0.818
202509 0.768 122.880 0.782
202512 0.757 122.670 0.772
202603 0.682 124.670 0.684
202606 0.676 125.070 0.676

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 Solteq Oyj (FRA:B3M) Overvalued in 2026?

Based on GuruFocus' analysis, Solteq Oyj stock appears to be undervalued. The current stock price of €0.26 is trading 31.3% below its estimated GF Value™ of €0.38.

Key valuation signals for FRA:B3M:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.38 vs. price of €0.26 (31.3% below fair value)
  • GF Score™: 39/100 with 5 warning signs

No single metric tells the full story. See the FRA:B3M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Solteq Oyj Business Description

Address Revontulenkuja 1, Espoo, FIN, 02100
Solteq Oyj is a provider of software solutions and IT services to the energy sector, retail industry, and e-commerce. The company operates with approximately 400 IT professionals in Finland, Sweden, Norway, Denmark, Poland, and the United Kingdom. It has two reportable business segments: Utilities and Retail & Commerce. The Utilities segment offers software solutions and services for the energy sector. The Retail & Commerce segment is focused on the software solutions and services related to retail industry and e-commerce. The company derives the majority of revenue from the Retail & Commerce segment and geographically from Finland.
39GF Score

Get the complete analysis for FRA:B3M

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

€0.26
Price
€0.38
GF Value