Heba Fastighets AB (LTS:0GNV) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.
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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.

LTS:0GNV Heba Fastighets AB LTS:0GNV
59 GF Score
Price kr24.30
GF Value kr35.56
Valuation Possible Value Trap
! 7 Warning Signs
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What is Heba Fastighets AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Heba Fastighets AB  (LTS:0GNV) 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.


Heba Fastighets AB Cyclically Adjusted PB Ratio Related Terms


Heba Fastighets AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Heba Fastighets 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.

Heba Fastighets AB Cyclically Adjusted PB Ratio Chart

Heba Fastighets 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 2.68 1.06 0.94 0.83 0.75

Heba Fastighets 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 0.80 0.79 0.76 0.69 0.59

LTS:0GNV vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Heba Fastighets 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.


Heba Fastighets AB Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Heba Fastighets AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0GNV
59GF Score
Heba Fastighets AB LTS:0GNV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heba Fastighets 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.

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

For example, Heba Fastighets 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)
=41.571/134.6100*134.6100
=41.571

Current CPI (Jun. 2026) = 134.6100.

Heba Fastighets AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 23.056 101.138 30.687
201612 24.172 102.022 31.893
201703 24.434 102.022 32.239
201706 24.715 102.752 32.378
201709 25.574 103.279 33.332
201712 26.000 103.793 33.720
201803 26.576 103.962 34.411
201806 26.753 104.875 34.338
201809 28.649 105.679 36.492
201812 29.509 105.912 37.505
201903 30.074 105.886 38.232
201906 30.207 106.742 38.094
201909 30.529 107.214 38.330
201912 33.344 107.766 41.650
202003 33.636 106.563 42.489
202006 33.185 107.498 41.555
202009 34.388 107.635 43.006
202012 37.094 108.296 46.107
202103 37.738 108.360 46.880
202106 38.689 108.928 47.811
202109 41.649 110.338 50.811
202112 45.378 112.486 54.303
202203 46.587 114.825 54.614
202206 46.777 118.384 53.189
202209 44.904 122.296 49.425
202212 43.753 126.365 46.608
202303 42.618 127.042 45.157
202306 40.949 129.407 42.596
202309 39.339 130.224 40.664
202312 38.990 131.912 39.788
202403 38.748 132.205 39.453
202406 38.333 132.716 38.880
202409 38.422 132.304 39.092
202412 39.068 132.987 39.545
202503 39.392 132.825 39.922
202506 39.506 133.699 39.775
202509 39.997 133.480 40.336
202512 40.871 133.380 41.248
202603 41.570 133.550 41.900
202606 41.571 134.610 41.571

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 Heba Fastighets AB (LTS:0GNV) Overvalued in 2026?

Based on GuruFocus' analysis, Heba Fastighets AB stock appears to be undervalued. The current stock price of kr24.30 is trading 31.7% below its estimated GF Value™ of kr35.56. GuruFocus considers Heba Fastighets AB to be Possible Value Trap.

Key valuation signals for LTS:0GNV:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr35.56 vs. price of kr24.30 (31.7% below fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the LTS:0GNV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heba Fastighets AB Business Description

Other Exchanges HEBA B:Sweden
Address Timmermansgatan 31, Box 17006, Stockholm, SWE, 104 62
Heba Fastighets AB is a real estate company engaged in owning and managing residential rental and community service properties. The Company operates as a long-term and experienced property owner, focusing on the development, ownership, and management of residential properties and public buildings. Its property portfolio is mainly located in the Stockholm area, with a concentration in the Stockholm Malaren Region.
59GF Score

Get the complete analysis for LTS:0GNV

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

kr24.30
Price
kr35.56
GF Value