L E Lundbergforetagen AB (FRA:LU3B) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:LU3B L E Lundbergforetagen AB FRA:LU3B
75 GF Score
Price €52.05
GF Value €47.18
Valuation Fairly Valued
! 7 Warning Signs
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What is L E Lundbergforetagen AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


L E Lundbergforetagen AB  (FRA:LU3B) 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.


L E Lundbergforetagen AB Cyclically Adjusted PB Ratio Related Terms


L E Lundbergforetagen AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for L E Lundbergforetagen 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.

L E Lundbergforetagen AB Cyclically Adjusted PB Ratio Chart

L E Lundbergforetagen 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 1.18 0.84 0.94 0.78 0.80

L E Lundbergforetagen 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 0.79 0.79 0.83 0.86 0.87

FRA:LU3B vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, L E Lundbergforetagen 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.


L E Lundbergforetagen AB Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, L E Lundbergforetagen AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:LU3B
75GF Score
L E Lundbergforetagen AB FRA:LU3B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

L E Lundbergforetagen 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.

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

For example, L E Lundbergforetagen 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)
=70.096/134.6100*134.6100
=70.096

Current CPI (Jun. 2026) = 134.6100.

L E Lundbergforetagen AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 33.184 101.138 44.167
201612 35.365 102.022 46.662
201703 36.586 102.022 48.273
201706 37.113 102.752 48.620
201709 37.696 103.279 49.132
201712 37.467 103.793 48.591
201803 36.396 103.962 47.126
201806 36.816 104.875 47.255
201809 38.487 105.679 49.023
201812 38.132 105.912 48.464
201903 39.119 105.886 49.731
201906 39.149 106.742 49.370
201909 38.519 107.214 48.362
201912 48.125 107.766 60.113
202003 44.049 106.563 55.643
202006 47.489 107.498 59.466
202009 47.631 107.635 59.568
202012 51.654 108.296 64.205
202103 53.196 108.360 66.083
202106 53.851 108.928 66.548
202109 53.921 110.338 65.782
202112 57.635 112.486 68.971
202203 55.675 114.825 65.268
202206 53.981 118.384 61.380
202209 54.064 122.296 59.508
202212 55.819 126.365 59.461
202303 54.924 127.042 58.196
202306 51.951 129.407 54.040
202309 53.400 130.224 55.199
202312 58.073 131.912 59.261
202403 57.535 132.205 58.581
202406 57.504 132.716 58.325
202409 58.973 132.304 60.001
202412 58.751 132.987 59.468
202503 62.778 132.825 63.622
202506 61.260 133.699 61.677
202509 63.504 133.480 64.042
202512 66.689 133.380 67.304
202603 67.766 133.550 68.304
202606 70.096 134.610 70.096

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 L E Lundbergforetagen AB (FRA:LU3B) Overvalued in 2026?

Based on GuruFocus' analysis, L E Lundbergforetagen AB stock appears to be overvalued. The current stock price of €52.05 is trading 10.3% above its estimated GF Value™ of €47.18. GuruFocus considers L E Lundbergforetagen AB to be Fairly Valued.

Key valuation signals for FRA:LU3B:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €47.18 vs. price of €52.05 (10.3% above fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the FRA:LU3B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


L E Lundbergforetagen AB Business Description

Address Hovslagargatan 5B, PO Box 14048, Stockholm, SWE, 104 40
L E Lundbergforetagen AB is an investment holding company with a long-term, activist orientation. Its portfolio includes a wholly owned unlisted real estate entity, publicly-traded subsidiaries, and other shareholdings. Lundberg's investment objective is to generate returns on capital that over time substantially exceed the yield on a risk-free, interest-bearing instrument. Real estate operations, which the company has conducted through subsidiaries for decades, account for nearly half of the company's net asset value. Lundberg exercises activism through board representation on all of its portfolio companies. It supports its capital allocation program by maintaining low levels of indebtedness on its balance sheet.
75GF Score

Get the complete analysis for FRA:LU3B

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

€52.05
Price
€47.18
GF Value