Hufvudstaden AB (LTS:0GW3) Cyclically Adjusted PB Ratio: 0.75 (As of Aug. 25, 2026) — 34% Below Median

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LTS:0GW3 Hufvudstaden AB LTS:0GW3
69 GF Score
Price kr120.75
GF Value kr127.96
Valuation Fairly Valued
! 6 Warning Signs
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What is Hufvudstaden AB Cyclically Adjusted PB Ratio?

Hufvudstaden AB LTS:0GW3 -0.21% 69 Cyclically Adjusted PB Ratio is 0.75 as of Aug. 25, 2026, which is 34% below its 10-year median of 1.13. GuruFocus rates LTS:0GW3 with a GF Score™ of 69/100 and a GF Value™ of kr127.96 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,352 Real Estate companies, Hufvudstaden AB ranks worse than 53.85% on this metric.

As of today (2026-08-25), Hufvudstaden AB's current share price is kr120.75. Hufvudstaden AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr161.04. Hufvudstaden AB's Cyclically Adjusted PB Ratio for today is 0.75.

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

LTS:0GW3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.13   Max: 2.18
Current: 0.75

During the past years, Hufvudstaden AB's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 0.71. And the median was 1.13.

LTS:0GW3's Cyclically Adjusted PB Ratio is ranked worse than
53.85% of 1352 companies
in the Real Estate industry
Industry Median: 0.675 vs LTS:0GW3: 0.75

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.

Hufvudstaden AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr143.531. 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 kr161.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hufvudstaden AB  (LTS:0GW3) 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.


Hufvudstaden AB Cyclically Adjusted PB Ratio Related Terms


Hufvudstaden AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hufvudstaden 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.

Hufvudstaden AB Cyclically Adjusted PB Ratio Chart

Hufvudstaden 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 1.15 1.06 0.94 0.78 0.78

Hufvudstaden 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 0.78 0.80 0.78 0.75 0.74

LTS:0GW3 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Hufvudstaden 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.


Hufvudstaden AB Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


LTS:0GW3
69GF Score
Hufvudstaden AB LTS:0GW3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hufvudstaden 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=120.75/161.04
=0.75

* 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.

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

For example, Hufvudstaden 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)
=143.531/134.6100*134.6100
=143.531

Current CPI (Jun. 2026) = 134.6100.

Hufvudstaden AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 104.149 101.138 138.618
201612 111.736 102.022 147.428
201703 110.725 102.022 146.094
201706 116.314 102.752 152.376
201709 118.771 103.279 154.802
201712 123.150 103.793 159.715
201803 123.003 103.962 159.265
201806 132.135 104.875 169.600
201809 134.861 105.679 171.781
201812 140.593 105.912 178.689
201903 139.314 105.886 177.106
201906 144.074 106.742 181.689
201909 146.806 107.214 184.319
201912 152.147 107.766 190.046
202003 145.830 106.563 184.212
202006 143.003 107.498 179.070
202009 143.719 107.635 179.737
202012 141.451 108.296 175.822
202103 139.018 108.360 172.696
202106 142.754 108.928 176.412
202109 145.234 110.338 177.182
202112 153.559 112.486 183.761
202203 152.837 114.825 179.171
202206 154.696 118.384 175.900
202209 156.162 122.296 171.886
202212 154.528 126.365 164.610
202303 149.359 127.042 158.257
202306 145.043 129.407 150.875
202309 143.993 130.224 148.843
202312 142.302 131.912 145.213
202403 137.644 132.205 140.148
202406 137.853 132.716 139.820
202409 138.560 132.304 140.975
202412 141.403 132.987 143.128
202503 139.006 132.825 140.875
202506 139.910 133.699 140.863
202509 141.602 133.480 142.801
202512 143.378 133.390 144.689
202603 141.992 133.560 143.108
202606 143.531 134.610 143.531

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 0.75 mean?
Hufvudstaden AB (LTS:0GW3) has a Cyclically Adjusted PB Ratio of 0.75 as of Aug. 25, 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 Hufvudstaden AB and its competitors. This is 34% below median its historical median of 1.13. Over the past decade, Hufvudstaden AB's Cyclically Adjusted PB Ratio has ranged from 0.71 to 2.18. According to the industry distribution chart, Hufvudstaden AB ranks #728 out of 1352 companies in the Real Estate industry, placing it in the top 53.8%.
Is Hufvudstaden AB's Cyclically Adjusted PB Ratio too high?
Hufvudstaden AB's current Cyclically Adjusted PB Ratio of 0.75 is 34% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.18. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Hufvudstaden AB's value of 0.75 is 11.1% above this industry median. Based on the distribution chart, Hufvudstaden AB ranks #728 out of 1352 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hufvudstaden AB has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hufvudstaden AB's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hufvudstaden AB ranks #728 out of 1352 companies for Cyclically Adjusted PB Ratio. This places Hufvudstaden AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. Hufvudstaden AB's value of 0.75 is 11.1% above this benchmark. Historically, Hufvudstaden AB's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 2.18 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.68, Hufvudstaden 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,352 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. Hufvudstaden AB's current Cyclically Adjusted PB Ratio of 0.75 is 11.1% 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 Hufvudstaden AB and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hufvudstaden AB's current Cyclically Adjusted PB Ratio is 0.75, which is 34% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hufvudstaden AB stock overvalued right now?
Based on GuruFocus' analysis, Hufvudstaden AB (LTS:0GW3) is currently considered Fairly Valued. The stock's GF Value™ is kr127.96, compared to a current price of kr120.75 — trading 5.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.75, which is 34% below median its 10-year median of 1.13 and 11.1% above the Real Estate industry median of 0.68. Hufvudstaden AB's overall GF Score™ is 69/100 with 6 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 Hufvudstaden AB (LTS:0GW3), the current Cyclically Adjusted PB Ratio is 0.75 as of Aug. 25, 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 Hufvudstaden AB (LTS:0GW3) Overvalued in 2026?

Based on GuruFocus' analysis, Hufvudstaden AB stock appears to be undervalued. The current stock price of kr120.75 is trading 5.6% below its estimated GF Value™ of kr127.96. GuruFocus considers Hufvudstaden AB to be Fairly Valued.

Key valuation signals for LTS:0GW3:

  • Cyclically Adjusted PB Ratio: 0.75 (34% below median its 10-year median of 1.13)
  • GF Value™: kr127.96 vs. price of kr120.75 (5.6% below fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 11.1% above the Real Estate median (#728 of 1352)

No single metric tells the full story. See the LTS:0GW3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hufvudstaden AB Business Description

Address Regeringsgatan 38, Stockholm, SWE, SE-111 77
Hufvudstaden AB A manages and develops commercial properties in Sweden. The company focuses on retail and office properties in the Stockholm and Gothenburg area. The group's operations are divided into three segments: Property Management, NK Retail, and Other Operations. It rents out centrally located residential and commercial properties such as shops, offices, hotels, cinemas, restaurants, warehouses, garages, and apartments. It also owns Nordiska Kompaniet, a department store in Stockholm, Sweden. The company operates through three divisions: Stockholm business area, Gothenburg business area, and Noridska Kompaniet business area. The Stockholm business area contributes the majority of revenue.
69GF Score

Get the complete analysis for LTS:0GW3

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

kr120.75
Price
kr127.96
GF Value