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NCAB Group ABFRA:XB1 +2.00%98 Cyclically Adjusted PB Ratio is 14.39 as of Aug. 10, 2026, which is 0% above its 10-year median of 14.34. GuruFocus rates FRA:XB1 with a GF Score™ of 98/100 and a GF Value™ of €6.18. The stock has 4 warning signs investors should review. Among 1,967 Hardware companies, NCAB Group AB ranks worse than 94.2% on this metric.
The historical rank and industry rank for NCAB Group AB's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:XB1'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 13.49 Med: 14.34 Max: 16.08
Current: 14.05
During the past years, NCAB Group AB's highest Cyclically Adjusted PB Ratio was 16.08. The lowest was 13.49. And the median was 14.34.
FRA:XB1's Cyclically Adjusted PB Ratio is ranked worse than 94.2% of 1967
companies
in the Hardware industry
Industry Median: 2.09
vs FRA:XB1: 14.05
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.
NCAB Group AB's adjusted book value per share data for the three months ended in Jun. 2026 was €0.729. 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 €0.46 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
NCAB Group AB (FRA:XB1) 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.
NCAB Group AB Cyclically Adjusted PB Ratio Related Terms
NCAB Group AB Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for NCAB Group 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.
FRA:XB1 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison
For the Electronic Components subindustry, NCAB Group 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.
NCAB Group AB Cyclically Adjusted PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, NCAB Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where NCAB Group AB's Cyclically Adjusted PB Ratio falls into.
NCAB Group 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.
NCAB Group AB's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 14.39 mean?
NCAB Group AB (FRA:XB1) has a Cyclically Adjusted PB Ratio of 14.39 as of Aug. 10, 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 NCAB Group AB and its competitors. This is near median its historical median of 14.34. Over the past decade, NCAB Group AB's Cyclically Adjusted PB Ratio has ranged from 13.49 to 16.08. According to the industry distribution chart, NCAB Group AB ranks #1853 out of 1967 companies in the Hardware industry, placing it in the top 94.2%.
Is NCAB Group AB's Cyclically Adjusted PB Ratio too high?
NCAB Group AB's current Cyclically Adjusted PB Ratio of 14.39 is near median its 10-year median of 14.34. Over the past 10 years, this metric has ranged from a low of 13.49 to a high of 16.08. The Hardware industry median Cyclically Adjusted PB Ratio is 2.09. NCAB Group AB's value of 14.39 is 588.5% above this industry median. Based on the distribution chart, NCAB Group AB ranks #1853 out of 1967 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, NCAB Group AB has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does NCAB Group AB's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, NCAB Group AB ranks #1853 out of 1967 companies for Cyclically Adjusted PB Ratio. This places NCAB Group AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.09. NCAB Group AB's value of 14.39 is 588.5% above this benchmark. Historically, NCAB Group AB's own Cyclically Adjusted PB Ratio has ranged from 13.49 to 16.08 over the past decade. While the company's 10-year median is 14.34 vs. the industry median of 2.09, NCAB Group 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.09, based on 1,967 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. NCAB Group AB's current Cyclically Adjusted PB Ratio of 14.39 is 588.5% 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 NCAB Group AB and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCAB Group AB's current Cyclically Adjusted PB Ratio is 14.39, which is near median its own 10-year median of 14.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCAB Group AB stock overvalued right now?
NCAB Group AB (FRA:XB1) has a current Cyclically Adjusted PB Ratio of 14.39. The stock's GF Value™ is €6.18, compared to a current price of €6.62 — trading 7.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 14.39, which is near median its 10-year median of 14.34 and 588.5% above the Hardware industry median of 2.09. NCAB Group AB's overall GF Score™ is 98/100 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 NCAB Group AB (FRA:XB1), the current Cyclically Adjusted PB Ratio is 14.39 as of Aug. 10, 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 NCAB Group AB (FRA:XB1) Overvalued in 2026?
Based on GuruFocus' analysis, NCAB Group AB stock appears to be overvalued.
The current stock price of €6.62 is trading 7.1% above its estimated GF Value™ of €6.18.
Key valuation signals for FRA:XB1:
Cyclically Adjusted PB Ratio: 14.39 (near median its 10-year median of 14.34)
GF Value™: €6.18 vs. price of €6.62 (7.1% above fair value)
Industry Position: 588.5% above the Hardware median (#1853 of 1967)
No single metric tells the full story. See the FRA:XB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCAB Group AB offers a broad range of printed circuit board (PCB) which, after receiving a customer order, are sourced from external manufacturers, predominantly located in China. It provides comprehensive services comprising design support, through prototyping, production and quality control. The operating activities are controlled in four segments; Nordic, Europe, East and North America. It generates key revenue from the Europe segment which includes the provision of a broad range of PCBs from the companies in the UK, Poland, France, Italy, Germany and Spain.
98GF Score
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