Clas Ohlson AB (FRA:OHCB) Cyclically Adjusted PB Ratio: 11.20 (As of Aug. 19, 2026) — 253% Above 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:OHCB Clas Ohlson AB FRA:OHCB
76 GF Score
Price €37.86
GF Value €21.92
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Clas Ohlson AB Cyclically Adjusted PB Ratio?

Clas Ohlson AB FRA:OHCB -1.76% 76 Cyclically Adjusted PB Ratio is 11.20 as of Aug. 19, 2026, which is 253% above its 10-year median of 3.17. GuruFocus rates FRA:OHCB with a GF Score™ of 76/100 and a GF Value™ of €21.92 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 788 Retail - Cyclical companies, Clas Ohlson AB ranks worse than 95.05% on this metric.

As of today (2026-08-19), Clas Ohlson AB's current share price is €37.86. Clas Ohlson AB's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was €3.38. Clas Ohlson AB's Cyclically Adjusted PB Ratio for today is 11.20.

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

FRA:OHCB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.75   Med: 3.17   Max: 11.76
Current: 11.25

During the past years, Clas Ohlson AB's highest Cyclically Adjusted PB Ratio was 11.76. The lowest was 1.75. And the median was 3.17.

FRA:OHCB's Cyclically Adjusted PB Ratio is ranked worse than
95.05% of 788 companies
in the Retail - Cyclical industry
Industry Median: 1.205 vs FRA:OHCB: 11.25

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.

Clas Ohlson AB's adjusted book value per share data for the three months ended in Apr. 2026 was €4.577. 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 €3.38 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Clas Ohlson AB  (FRA:OHCB) 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.


Clas Ohlson AB Cyclically Adjusted PB Ratio Related Terms


Clas Ohlson AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Clas Ohlson 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.

Clas Ohlson AB Cyclically Adjusted PB Ratio Chart

Clas Ohlson AB Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.14 2.01 3.47 7.24 10.56

Clas Ohlson AB Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 7.24 8.97 9.16 8.07 10.56

FRA:OHCB vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Clas Ohlson 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.


Clas Ohlson AB Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Clas Ohlson AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:OHCB
76GF Score
Clas Ohlson AB FRA:OHCB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clas Ohlson 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.

Clas Ohlson AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.86/3.38
=11.20

* 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.

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

For example, Clas Ohlson AB's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=4.577/132.7900*132.7900
=4.577

Current CPI (Apr. 2026) = 132.7900.

Clas Ohlson AB Quarterly Data

Book Value per Share CPI Adj_Book
201607 3.634 101.080 4.774
201610 3.141 101.485 4.110
201701 3.702 101.326 4.852
201704 3.715 102.615 4.807
201707 3.792 103.301 4.874
201710 3.336 103.202 4.292
201801 3.684 102.925 4.753
201804 3.451 104.390 4.390
201807 3.519 105.420 4.433
201810 2.931 105.545 3.688
201901 3.057 104.855 3.871
201904 2.929 106.627 3.648
201907 2.729 107.166 3.382
201910 2.236 107.243 2.769
202001 2.699 106.215 3.374
202004 2.548 106.240 3.185
202007 2.773 107.731 3.418
202010 2.935 107.539 3.624
202101 3.460 107.897 4.258
202104 3.400 108.624 4.156
202107 3.585 109.218 4.359
202110 3.188 110.562 3.829
202201 3.560 111.876 4.225
202204 3.397 115.534 3.904
202207 3.239 118.489 3.630
202210 1.959 122.561 2.122
202301 2.117 124.942 2.250
202304 1.999 127.632 2.080
202307 1.887 129.464 1.935
202310 2.019 130.549 2.054
202401 2.488 131.720 2.508
202404 2.515 132.601 2.519
202407 2.718 132.831 2.717
202410 2.688 132.604 2.692
202501 3.266 132.943 3.262
202504 3.446 132.981 3.441
202507 3.692 133.957 3.660
202510 3.579 133.830 3.551
202601 4.408 133.560 4.383
202604 4.577 132.790 4.577

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 11.20 mean?
Clas Ohlson AB (FRA:OHCB) has a Cyclically Adjusted PB Ratio of 11.20 as of Aug. 19, 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 Clas Ohlson AB and its competitors. This is 253% above median its historical median of 3.17. Over the past decade, Clas Ohlson AB's Cyclically Adjusted PB Ratio has ranged from 1.75 to 11.76. According to the industry distribution chart, Clas Ohlson AB ranks #749 out of 788 companies in the Retail - Cyclical industry, placing it in the top 95.1%.
Is Clas Ohlson AB's Cyclically Adjusted PB Ratio too high?
Clas Ohlson AB's current Cyclically Adjusted PB Ratio of 11.20 is 253% above median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 11.76. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. Clas Ohlson AB's value of 11.20 is 829.5% above this industry median. Based on the distribution chart, Clas Ohlson AB ranks #749 out of 788 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Clas Ohlson AB has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clas Ohlson AB's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Clas Ohlson AB ranks #749 out of 788 companies for Cyclically Adjusted PB Ratio. This places Clas Ohlson AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Clas Ohlson AB's value of 11.20 is 829.5% above this benchmark. Historically, Clas Ohlson AB's own Cyclically Adjusted PB Ratio has ranged from 1.75 to 11.76 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 1.21, Clas Ohlson 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 788 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. Clas Ohlson AB's current Cyclically Adjusted PB Ratio of 11.20 is 829.5% 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 Clas Ohlson AB and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clas Ohlson AB's current Cyclically Adjusted PB Ratio is 11.20, which is 253% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clas Ohlson AB stock overvalued right now?
Based on GuruFocus' analysis, Clas Ohlson AB (FRA:OHCB) is currently considered Significantly Overvalued. The stock's GF Value™ is €21.92, compared to a current price of €37.86 — trading 72.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.20, which is 253% above median its 10-year median of 3.17 and 829.5% above the Retail - Cyclical industry median of 1.21. Clas Ohlson AB's overall GF Score™ is 76/100 with 4 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 Clas Ohlson AB (FRA:OHCB), the current Cyclically Adjusted PB Ratio is 11.20 as of Aug. 19, 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 Clas Ohlson AB (FRA:OHCB) Overvalued in 2026?

Based on GuruFocus' analysis, Clas Ohlson AB stock appears to be overvalued. The current stock price of €37.86 is trading 72.7% above its estimated GF Value™ of €21.92. GuruFocus considers Clas Ohlson AB to be Significantly Overvalued.

Key valuation signals for FRA:OHCB:

  • Cyclically Adjusted PB Ratio: 11.20 (253% above median its 10-year median of 3.17)
  • GF Value™: €21.92 vs. price of €37.86 (72.7% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 829.5% above the Retail - Cyclical median (#749 of 788)

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


Clas Ohlson AB Business Description

Address Municipality of Leksand, Insjon, SWE, 793 85
Clas Ohlson AB is a Swedish specialty retailer of home and office solutions. The company has five product categories: hardware, electrical, home, multimedia, and leisure items. The hardware category includes home repair tools, with Capere, Cocraft, and Clas Ohlson as proprietary brands. The electrical category consists of energy and electrical solutions, mainly under its own brands: Cotech and Northlight. Multimedia offers technology to connect devices. The home category offers practical items for the kitchen, wardrobe, bathroom, and laundry. Clas Ohlson's main segments by revenue are Sweden, Norway, Finland, and a few other countries outside the Nordics.
76GF Score

Get the complete analysis for FRA:OHCB

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

€37.86
Price
€21.92
GF Value