Obducat AB (FRA:OBD) Cyclically Adjusted PB Ratio: (As of Jul. 20, 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:OBD Obducat AB FRA:OBD
26 GF Score
Price €0.05
GF Value €0.03
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Obducat AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Obducat AB  (FRA:OBD) 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.


Obducat AB Cyclically Adjusted PB Ratio Related Terms


Obducat AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Obducat 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.

Obducat AB Cyclically Adjusted PB Ratio Chart

Obducat 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 1.37 0.89 1.50 1.49 0.18

Obducat 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 0.96 0.92 0.42 0.18 0.00

FRA:OBD vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Obducat 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.


Obducat AB Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


FRA:OBD
26GF Score
Obducat AB FRA:OBD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Obducat 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.

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

For example, Obducat 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)
=0/133.5600*133.5600
=0.000

Current CPI (Mar. 2026) = 133.5600.

Obducat AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.209 101.019 0.276
201609 0.170 101.138 0.224
201612 0.164 102.022 0.215
201703 0.146 102.022 0.191
201706 0.112 102.752 0.146
201709 0.090 103.279 0.116
201712 0.060 103.793 0.077
201803 0.045 103.962 0.058
201806 0.040 104.875 0.051
201809 0.029 105.679 0.037
201812 0.006 105.912 0.008
201903 0.021 105.886 0.026
201906 0.017 106.742 0.021
201909 0.019 107.214 0.024
201912 0.026 107.766 0.032
202003 0.015 106.563 0.019
202006 0.013 107.498 0.016
202009 0.011 107.635 0.014
202012 0.015 108.296 0.018
202103 0.013 108.360 0.016
202106 0.008 108.928 0.010
202109 0.003 110.338 0.004
202112 0.002 112.486 0.002
202203 0.003 114.825 0.003
202206 0.006 118.384 0.007
202209 0.002 122.296 0.002
202212 0.001 126.365 0.001
202303 0.003 127.042 0.003
202306 0.001 129.407 0.001
202309 0.002 130.224 0.002
202312 0.005 131.912 0.005
202403 0.003 132.205 0.003
202406 0.001 132.716 0.001
202409 0.003 132.304 0.003
202412 0.000 132.987 0.000
202503 -0.006 132.825 -0.006
202506 0.002 133.699 0.002
202509 -0.002 133.480 -0.002
202512 -0.008 133.390 -0.008
202603 0.000 133.560 0.000

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 Obducat AB (FRA:OBD) Overvalued in 2026?

Based on GuruFocus' analysis, Obducat AB stock appears to be overvalued. The current stock price of €0.05 is trading 62.7% above its estimated GF Value™ of €0.03. GuruFocus considers Obducat AB to be Significantly Overvalued.

Key valuation signals for FRA:OBD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.03 vs. price of €0.05 (62.7% above fair value)
  • GF Score™: 26/100 with 4 warning signs

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


Obducat AB Business Description

Address Scheelevägen 2, 223 63, Lund, SWE, 21618
Obducat AB is involved in developing and delivering products and technologies focused on processes used in production and replication of micro- and nanostructures. The company's products are used in the light emitting diode (LED), biomedical, display, semiconductor, and solar industries. The product portfolio of the company consists of easyline bench mounted, easyline stand alone, easyline table top, eitre 3, eitre 6, and others.
26GF Score

Get the complete analysis for FRA:OBD

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

€0.05
Price
€0.03
GF Value