PION Group AB (LTS:0GSB) Cyclically Adjusted PB Ratio: 1.04 (As of Jul. 19, 2026) — Near 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.

LTS:0GSB PION Group AB LTS:0GSB
67 GF Score
Price kr5.70
GF Value kr5.94
! 5 Warning Signs
View Full Analysis

What is PION Group AB Cyclically Adjusted PB Ratio?

PION Group AB LTS:0GSB 67 Cyclically Adjusted PB Ratio is 1.04 as of Jul. 19, 2026, which is 6% below its 10-year median of 1.11. GuruFocus rates LTS:0GSB with a GF Score™ of 67/100 and a GF Value™ of kr5.94. The stock has 5 warning signs investors should review. Among 730 Business Services companies, PION Group AB ranks better than 59.45% on this metric.

As of today (2026-07-19), PION Group AB's current share price is kr5.70. PION Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr5.49. PION Group AB's Cyclically Adjusted PB Ratio for today is 1.04.

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

LTS:0GSB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 1.11   Max: 4.23
Current: 1.18

During the past years, PION Group AB's highest Cyclically Adjusted PB Ratio was 4.23. The lowest was 0.02. And the median was 1.11.

LTS:0GSB's Cyclically Adjusted PB Ratio is ranked better than
59.45% of 730 companies
in the Business Services industry
Industry Median: 1.56 vs LTS:0GSB: 1.18

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.

PION Group AB's adjusted book value per share data for the three months ended in Mar. 2026 was kr2.831. 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 kr5.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PION Group AB  (LTS:0GSB) 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.


PION Group AB Cyclically Adjusted PB Ratio Related Terms


PION Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PION 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.

PION Group AB Cyclically Adjusted PB Ratio Chart

PION Group 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 3.77 2.31 1.37 1.16 1.07

PION Group 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 1.02 1.11 1.27 1.07 1.04

LTS:0GSB vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, PION 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.


PION Group AB Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, PION Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0GSB
67GF Score
PION Group AB LTS:0GSB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PION 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.

PION Group AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.70/5.49
=1.04

* 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.

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

For example, PION Group 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)
=2.831/133.5600*133.5600
=2.831

Current CPI (Mar. 2026) = 133.5600.

PION Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.164 101.019 5.505
201609 4.410 101.138 5.824
201612 4.764 102.022 6.237
201703 5.180 102.022 6.781
201706 4.824 102.752 6.270
201709 5.128 103.279 6.632
201712 9.994 103.793 12.860
201803 5.478 103.962 7.038
201806 4.433 104.875 5.646
201809 4.065 105.679 5.137
201812 3.106 105.912 3.917
201903 3.324 105.886 4.193
201906 3.122 106.742 3.906
201909 3.313 107.214 4.127
201912 3.285 107.766 4.071
202003 3.332 106.563 4.176
202006 3.298 107.498 4.098
202009 3.373 107.635 4.185
202012 3.437 108.296 4.239
202103 3.652 108.360 4.501
202106 3.409 108.928 4.180
202109 3.870 110.338 4.684
202112 4.512 112.486 5.357
202203 5.155 114.825 5.996
202206 4.379 118.384 4.940
202209 4.756 122.296 5.194
202212 4.933 126.365 5.214
202303 4.857 127.042 5.106
202306 4.205 129.407 4.340
202309 4.374 130.224 4.486
202312 4.380 131.912 4.435
202403 4.274 132.205 4.318
202406 3.601 132.716 3.624
202409 3.253 132.304 3.284
202412 2.750 132.987 2.762
202503 2.647 132.825 2.662
202506 2.603 133.699 2.600
202509 2.665 133.480 2.667
202512 2.727 133.390 2.730
202603 2.831 133.560 2.831

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 1.04 mean?
PION Group AB (LTS:0GSB) has a Cyclically Adjusted PB Ratio of 1.04 as of Jul. 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 PION Group AB and its competitors. This is near median its historical median of 1.11. Over the past decade, PION Group AB's Cyclically Adjusted PB Ratio has ranged from 0.02 to 4.23. According to the industry distribution chart, PION Group AB ranks #296 out of 730 companies in the Business Services industry, placing it in the top 40.5%.
Is PION Group AB's Cyclically Adjusted PB Ratio too high?
PION Group AB's current Cyclically Adjusted PB Ratio of 1.04 is near median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 4.23. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. PION Group AB's value of 1.04 is 33.3% below this industry median. Based on the distribution chart, PION Group AB ranks #296 out of 730 companies in the Business Services industry, which is above the industry midpoint. Overall, PION Group AB has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does PION Group AB's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, PION Group AB ranks #296 out of 730 companies for Cyclically Adjusted PB Ratio. This puts PION Group AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. PION Group AB's value of 1.04 is 33.3% below this benchmark. Historically, PION Group AB's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 4.23 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.56, PION Group 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 730 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. PION Group AB's current Cyclically Adjusted PB Ratio of 1.04 is 33.3% 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 PION Group AB and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PION Group AB's current Cyclically Adjusted PB Ratio is 1.04, which is near median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PION Group AB stock overvalued right now?
PION Group AB (LTS:0GSB) has a current Cyclically Adjusted PB Ratio of 1.04. The stock's GF Value™ is kr5.94, compared to a current price of kr5.70 — trading 4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.04, which is near median its 10-year median of 1.11 and 33.3% below the Business Services industry median of 1.56. PION Group AB's overall GF Score™ is 67/100 with 5 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 PION Group AB (LTS:0GSB), the current Cyclically Adjusted PB Ratio is 1.04 as of Jul. 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 PION Group AB (LTS:0GSB) Overvalued in 2026?

Based on GuruFocus' analysis, PION Group AB stock appears to be undervalued. The current stock price of kr5.70 is trading 4% below its estimated GF Value™ of kr5.94.

Key valuation signals for LTS:0GSB:

  • Cyclically Adjusted PB Ratio: 1.04 (near median its 10-year median of 1.11)
  • GF Value™: kr5.94 vs. price of kr5.70 (4% below fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 33.3% below the Business Services median (#296 of 730)

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


PION Group AB Business Description

Other Exchanges PION B:Sweden
Address Torsgatan 11, Box 207, Stockholm, SWE, 101 24
PION Group AB is a Sweden-based company engaged in the recruitment sector. The services offered by the group include provides temporary staffing and permanent placement in the business areas of Finance Accounting, IT, Office support, HR, Sales and marketing, life science and engineering, legal and executive search. Geographically, the services offered by the firm are in the region of Sweden, Germany and Finland.
67GF Score

Get the complete analysis for LTS:0GSB

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

kr5.70
Price
kr5.94
GF Value