Nexam Chemical Holding AB (FRA:NC4) Cyclically Adjusted PB Ratio: 1.05 (As of Aug. 12, 2026) — 13% 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:NC4 Nexam Chemical Holding AB FRA:NC4
61 GF Score
Price €0.24
GF Value €0.23
! 2 Warning Signs
View Full Analysis

What is Nexam Chemical Holding AB Cyclically Adjusted PB Ratio?

Nexam Chemical Holding AB FRA:NC4 -3.97% 61 Cyclically Adjusted PB Ratio is 1.05 as of Aug. 12, 2026, which is 13% below its 10-year median of 1.20. GuruFocus rates FRA:NC4 with a GF Score™ of 61/100 and a GF Value™ of €0.23. The stock has 2 warning signs investors should review. Among 1,221 Chemicals companies, Nexam Chemical Holding AB ranks better than 65.93% on this metric.

As of today (2026-08-12), Nexam Chemical Holding AB's current share price is €0.242. Nexam Chemical Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.23. Nexam Chemical Holding AB's Cyclically Adjusted PB Ratio for today is 1.05.

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

FRA:NC4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.2   Max: 2.28
Current: 1.1

During the past years, Nexam Chemical Holding AB's highest Cyclically Adjusted PB Ratio was 2.28. The lowest was 0.77. And the median was 1.20.

FRA:NC4's Cyclically Adjusted PB Ratio is ranked better than
65.93% of 1221 companies
in the Chemicals industry
Industry Median: 1.66 vs FRA:NC4: 1.10

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.

Nexam Chemical Holding AB's adjusted book value per share data for the three months ended in Jun. 2026 was €0.186. 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 €0.23 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nexam Chemical Holding AB  (FRA:NC4) 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.


Nexam Chemical Holding AB Cyclically Adjusted PB Ratio Related Terms


Nexam Chemical Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nexam Chemical Holding 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.

Nexam Chemical Holding AB Cyclically Adjusted PB Ratio Chart

Nexam Chemical Holding 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 2.27 1.93 1.18 1.48 0.84

Nexam Chemical Holding 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 1.39 1.25 0.84 1.03 1.10

FRA:NC4 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Nexam Chemical Holding 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.


Nexam Chemical Holding AB Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nexam Chemical Holding AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nexam Chemical Holding AB's Cyclically Adjusted PB Ratio falls into.


FRA:NC4
61GF Score
Nexam Chemical Holding AB FRA:NC4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nexam Chemical Holding 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.

Nexam Chemical Holding AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.242/0.23
=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.

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

For example, Nexam Chemical Holding 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)
=0.186/134.6100*134.6100
=0.186

Current CPI (Jun. 2026) = 134.6100.

Nexam Chemical Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.251 101.138 0.334
201612 0.261 102.022 0.344
201703 0.258 102.022 0.340
201706 0.243 102.752 0.318
201709 0.242 103.279 0.315
201712 0.280 103.793 0.363
201803 0.268 103.962 0.347
201806 0.260 104.875 0.334
201809 0.247 105.679 0.315
201812 0.246 105.912 0.313
201903 0.235 105.886 0.299
201906 0.229 106.742 0.289
201909 0.222 107.214 0.279
201912 0.219 107.766 0.274
202003 0.210 106.563 0.265
202006 0.242 107.498 0.303
202009 0.242 107.635 0.303
202012 0.243 108.296 0.302
202103 0.275 108.360 0.342
202106 0.275 108.928 0.340
202109 0.280 110.338 0.342
202112 0.282 112.486 0.337
202203 0.266 114.825 0.312
202206 0.258 118.384 0.293
202209 0.250 122.296 0.275
202212 0.242 126.365 0.258
202303 0.234 127.042 0.248
202306 0.215 129.407 0.224
202309 0.205 130.224 0.212
202312 0.213 131.912 0.217
202403 0.209 132.205 0.213
202406 0.207 132.716 0.210
202409 0.203 132.304 0.207
202412 0.197 132.987 0.199
202503 0.202 132.825 0.205
202506 0.199 133.699 0.200
202509 0.195 133.480 0.197
202512 0.191 133.390 0.193
202603 0.187 133.560 0.188
202606 0.186 134.610 0.186

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?
Nexam Chemical Holding AB (FRA:NC4) has a Cyclically Adjusted PB Ratio of 1.05 as of Aug. 12, 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 Nexam Chemical Holding AB and its competitors. This is 13% below median its historical median of 1.20. Over the past decade, Nexam Chemical Holding AB's Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.28. According to the industry distribution chart, Nexam Chemical Holding AB ranks #416 out of 1221 companies in the Chemicals industry, placing it in the top 34.1%.
Is Nexam Chemical Holding AB's Cyclically Adjusted PB Ratio too high?
Nexam Chemical Holding AB's current Cyclically Adjusted PB Ratio of 1.05 is 13% below median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.28. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.66. Nexam Chemical Holding AB's value of 1.05 is 36.7% below this industry median. Based on the distribution chart, Nexam Chemical Holding AB ranks #416 out of 1221 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nexam Chemical Holding AB has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Nexam Chemical Holding AB's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nexam Chemical Holding AB ranks #416 out of 1221 companies for Cyclically Adjusted PB Ratio. This puts Nexam Chemical Holding AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.66. Nexam Chemical Holding AB's value of 1.05 is 36.7% below this benchmark. Historically, Nexam Chemical Holding AB's own Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.28 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 1.66, Nexam Chemical Holding 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.66, based on 1,221 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. Nexam Chemical Holding AB's current Cyclically Adjusted PB Ratio of 1.05 is 36.7% 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 Nexam Chemical Holding AB and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nexam Chemical Holding AB's current Cyclically Adjusted PB Ratio is 1.05, which is 13% below median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexam Chemical Holding AB stock overvalued right now?
Nexam Chemical Holding AB (FRA:NC4) has a current Cyclically Adjusted PB Ratio of 1.05. The stock's GF Value™ is €0.23, compared to a current price of €0.24 — trading 5.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 13% below median its 10-year median of 1.20 and 36.7% below the Chemicals industry median of 1.66. Nexam Chemical Holding AB's overall GF Score™ is 61/100 with 2 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 Nexam Chemical Holding AB (FRA:NC4), the current Cyclically Adjusted PB Ratio is 1.05 as of Aug. 12, 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 Nexam Chemical Holding AB (FRA:NC4) Overvalued in 2026?

Based on GuruFocus' analysis, Nexam Chemical Holding AB stock appears to be overvalued. The current stock price of €0.24 is trading 5.2% above its estimated GF Value™ of €0.23.

Key valuation signals for FRA:NC4:

  • Cyclically Adjusted PB Ratio: 1.05 (13% below median its 10-year median of 1.20)
  • GF Value™: €0.23 vs. price of €0.24 (5.2% above fair value)
  • GF Score™: 61/100 with 2 warning signs
  • Industry Position: 36.7% below the Chemicals median (#416 of 1221)

No single metric tells the full story. See the FRA:NC4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nexam Chemical Holding AB Business Description

Other Exchanges NEXAM:Sweden
Address Industrigatan 27, Lomma, SWE, 234 35
Nexam Chemical Holding AB is a Swedish company that develops, manufactures, markets, and sells crosslinking chemicals and masterbatches to plastic manufacturers, converters, and recyclers. The company's technology with crosslinkers, masterbatches, and chain extenders allows it to cost-effectively improve the properties, appearance, and performance of a wide range of plastics. Geographically, it generates maximum revenue from Sweden, followed by Hungary, Denmark, Finland, Switzerland, Poland, and other regions around the world.
61GF Score

Get the complete analysis for FRA:NC4

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

€0.24
Price
€0.23
GF Value