Carasent AB (publ) (LTS:0H9M) Cyclically Adjusted PB Ratio: 2.33 (As of Aug. 16, 2026) — 11% 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.

LTS:0H9M Carasent AB (publ) LTS:0H9M
73 GF Score
Price kr20.60
GF Value kr22.32
! 5 Warning Signs
View Full Analysis

What is Carasent AB (publ) Cyclically Adjusted PB Ratio?

Carasent AB (publ) LTS:0H9M 73 Cyclically Adjusted PB Ratio is 2.33 as of Aug. 16, 2026, which is 11% above its 10-year median of 2.09. GuruFocus rates LTS:0H9M with a GF Score™ of 73/100 and a GF Value™ of kr22.32. The stock has 5 warning signs investors should review. Among 346 Healthcare Providers & Services companies, Carasent AB (publ) ranks worse than 66.18% on this metric.

As of today (2026-08-16), Carasent AB (publ)'s current share price is kr20.60. Carasent AB (publ)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr8.85. Carasent AB (publ)'s Cyclically Adjusted PB Ratio for today is 2.33.

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

LTS:0H9M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.99   Med: 2.09   Max: 9.13
Current: 2.68

During the past years, Carasent AB (publ)'s highest Cyclically Adjusted PB Ratio was 9.13. The lowest was 0.99. And the median was 2.09.

LTS:0H9M's Cyclically Adjusted PB Ratio is ranked worse than
66.18% of 346 companies
in the Healthcare Providers & Services industry
Industry Median: 1.875 vs LTS:0H9M: 2.68

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.

Carasent AB (publ)'s adjusted book value per share data for the three months ended in Jun. 2026 was kr11.937. 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 kr8.85 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carasent AB (publ)  (LTS:0H9M) 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.


Carasent AB (publ) Cyclically Adjusted PB Ratio Related Terms


Carasent AB (publ) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Carasent AB (publ)'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.

Carasent AB (publ) Cyclically Adjusted PB Ratio Chart

Carasent AB (publ) 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 6.47 2.34 1.42 2.61 2.96

Carasent AB (publ) 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 3.32 2.96 2.96 2.39 2.33

LTS:0H9M vs VEEV, BTSG, HQY: Cyclically Adjusted PB Ratio Comparison

For the Health Information Services subindustry, Carasent AB (publ)'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.


Carasent AB (publ) Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Carasent AB (publ)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Carasent AB (publ)'s Cyclically Adjusted PB Ratio falls into.


LTS:0H9M
73GF Score
Carasent AB (publ) LTS:0H9M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carasent AB (publ) 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.

Carasent AB (publ)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.60/8.85
=2.33

* 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.

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

For example, Carasent AB (publ)'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)
=11.937/141.5800*141.5800
=11.937

Current CPI (Jun. 2026) = 141.5800.

Carasent AB (publ) Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.601 104.200 4.893
201612 2.360 104.400 3.200
201703 2.410 105.000 3.250
201706 2.079 105.800 2.782
201709 3.111 105.900 4.159
201712 2.973 106.100 3.967
201803 1.440 107.300 1.900
201806 2.110 108.500 2.753
201809 2.082 109.500 2.692
201812 2.218 109.800 2.860
201903 2.210 110.400 2.834
201906 2.198 110.600 2.814
201909 2.230 111.100 2.842
201912 2.261 111.300 2.876
202003 2.460 111.200 3.132
202006 2.314 112.100 2.923
202009 6.728 112.900 8.437
202012 7.289 112.900 9.141
202103 7.136 114.600 8.816
202106 11.624 115.300 14.273
202109 14.963 117.500 18.029
202112 15.102 118.900 17.983
202203 15.229 119.800 17.998
202206 15.510 122.600 17.911
202209 15.348 125.600 17.301
202212 15.515 125.900 17.447
202303 15.728 127.600 17.451
202306 15.102 130.400 16.397
202309 13.912 129.800 15.175
202312 13.411 131.900 14.395
202403 13.175 132.600 14.067
202406 12.484 133.800 13.210
202409 13.058 133.700 13.828
202412 12.610 134.800 13.244
202503 12.851 136.100 13.368
202506 12.810 137.800 13.161
202509 12.501 138.500 12.779
202512 12.834 139.100 13.063
202603 12.095 141.030 12.142
202606 11.937 141.580 11.937

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 2.33 mean?
Carasent AB (publ) (LTS:0H9M) has a Cyclically Adjusted PB Ratio of 2.33 as of Aug. 16, 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 Carasent AB (publ) and its competitors. This is 11% above median its historical median of 2.09. Over the past decade, Carasent AB (publ)'s Cyclically Adjusted PB Ratio has ranged from 0.99 to 9.13. According to the industry distribution chart, Carasent AB (publ) ranks #229 out of 346 companies in the Healthcare Providers & Services industry, placing it in the top 66.2%.
Is Carasent AB (publ)'s Cyclically Adjusted PB Ratio too high?
Carasent AB (publ)'s current Cyclically Adjusted PB Ratio of 2.33 is 11% above median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 9.13. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.88. Carasent AB (publ)'s value of 2.33 is 24.3% above this industry median. Based on the distribution chart, Carasent AB (publ) ranks #229 out of 346 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Carasent AB (publ) has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Carasent AB (publ)'s Cyclically Adjusted PB Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Carasent AB (publ) ranks #229 out of 346 companies for Cyclically Adjusted PB Ratio. This places Carasent AB (publ) in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.88. Carasent AB (publ)'s value of 2.33 is 24.3% above this benchmark. Historically, Carasent AB (publ)'s own Cyclically Adjusted PB Ratio has ranged from 0.99 to 9.13 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 1.88, Carasent AB (publ) 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.88, based on 346 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. Carasent AB (publ)'s current Cyclically Adjusted PB Ratio of 2.33 is 24.3% 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 Carasent AB (publ) and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carasent AB (publ)'s current Cyclically Adjusted PB Ratio is 2.33, which is 11% above median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carasent AB (publ) stock overvalued right now?
Carasent AB (publ) (LTS:0H9M) has a current Cyclically Adjusted PB Ratio of 2.33. The stock's GF Value™ is kr22.32, compared to a current price of kr20.60 — trading 7.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.33, which is 11% above median its 10-year median of 2.09 and 24.3% above the Healthcare Providers & Services industry median of 1.88. Carasent AB (publ)'s overall GF Score™ is 73/100 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 Carasent AB (publ) (LTS:0H9M), the current Cyclically Adjusted PB Ratio is 2.33 as of Aug. 16, 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 Carasent AB (publ) (LTS:0H9M) Overvalued in 2026?

Based on GuruFocus' analysis, Carasent AB (publ) stock appears to be undervalued. The current stock price of kr20.60 is trading 7.7% below its estimated GF Value™ of kr22.32.

Key valuation signals for LTS:0H9M:

  • Cyclically Adjusted PB Ratio: 2.33 (11% above median its 10-year median of 2.09)
  • GF Value™: kr22.32 vs. price of kr20.60 (7.7% below fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 24.3% above the Healthcare Providers & Services median (#229 of 346)

No single metric tells the full story. See the LTS:0H9M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carasent AB (publ) Business Description

Other Exchanges CARA:SwedenE0C:Germany
Address Nellickevagen 24C, Gothenburg, NOR, 412 63
Carasent AB (publ) Formerly Carasent AB is a comprehensive provider of cloudbased EHR solutions and platform services for various organizations within the healthcare sector. With Webdoc as the main product, the group offers a broad ecosystem of services, including solutions for patient communication and business intelligence. Geographically, the company operates in the Nordic region and Germany. It derives maximum revenue from Nordic Region. The solutions provides by the group are: Webdoc; Metodika; Medrave; HPI plustoo; Ad Curis; Ad Opus; Webcur; Data-AL; and Data-Cur.
73GF Score

Get the complete analysis for LTS:0H9M

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

kr20.60
Price
kr22.32
GF Value