MEKO AB (LTS:0HDJ) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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:0HDJ MEKO AB LTS:0HDJ
72 GF Score
Price kr70.58
GF Value kr115.66
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is MEKO AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MEKO AB  (LTS:0HDJ) 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.


MEKO AB Cyclically Adjusted PB Ratio Related Terms


MEKO AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MEKO 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.

MEKO AB Cyclically Adjusted PB Ratio Chart

MEKO 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 2.32 1.44 1.23 1.41 0.73

MEKO 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 1.15 0.84 0.74 0.69 0.77

LTS:0HDJ vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, MEKO 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.


MEKO AB Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MEKO AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0HDJ
72GF Score
MEKO AB LTS:0HDJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MEKO 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.

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

For example, MEKO 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)
=113.609/134.6100*134.6100
=113.609

Current CPI (Jun. 2026) = 134.6100.

MEKO AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 52.732 101.138 70.184
201612 53.844 102.022 71.043
201703 55.512 102.022 73.244
201706 51.527 102.752 67.503
201709 53.821 103.279 70.148
201712 55.118 103.793 71.483
201803 57.620 103.962 74.607
201806 55.558 104.875 71.311
201809 65.178 105.679 83.021
201812 68.372 105.912 86.898
201903 71.584 105.886 91.003
201906 75.027 106.742 94.615
201909 77.179 107.214 96.900
201912 76.966 107.766 96.138
202003 77.676 106.563 98.120
202006 78.298 107.498 98.046
202009 80.251 107.635 100.363
202012 81.582 108.296 101.405
202103 85.009 108.360 105.603
202106 87.615 108.928 108.272
202109 90.580 110.338 110.505
202112 93.403 112.486 111.774
202203 96.832 114.825 113.517
202206 96.487 118.384 109.712
202209 102.127 122.296 112.410
202212 106.213 126.365 113.143
202303 108.436 127.042 114.896
202306 113.755 129.407 118.329
202309 113.880 130.224 117.716
202312 110.290 131.912 112.546
202403 115.577 132.205 117.679
202406 113.149 132.716 114.764
202409 115.996 132.304 118.017
202412 118.284 132.987 119.727
202503 113.137 132.825 114.658
202506 111.811 133.699 112.573
202509 110.031 133.480 110.962
202512 108.090 133.380 109.087
202603 110.804 133.550 111.683
202606 113.609 134.610 113.609

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 MEKO AB (LTS:0HDJ) Overvalued in 2026?

Based on GuruFocus' analysis, MEKO AB stock appears to be undervalued. The current stock price of kr70.58 is trading 39% below its estimated GF Value™ of kr115.66. GuruFocus considers MEKO AB to be Possible Value Trap.

Key valuation signals for LTS:0HDJ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr115.66 vs. price of kr70.58 (39% below fair value)
  • GF Score™: 72/100 with 7 warning signs

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


MEKO AB Business Description

Other Exchanges MEKO:SwedenMEKOs:UK
Address Klarabergsviadukten 70, Elevator C, Floor 6, Box 19542, Stockholm, SWE, 11164
MEKO AB functions in the car aftermarket, operating car service chains, and wholesale operations. The company offers spare parts and accessories to affiliated workshops, other workshops, other business-to-business customers, and car owners. The company conducts business through segments: Denmark, Finland, Poland/the Baltics, Sweden/Norway, and Sorensen og Balchen (Norway). It generates maximum revenue from Sweden/Norway. The Affiliated workshops of the company operate under the company's brands: BilXtra, MECA, Mekonomen BFTZ, Fixus, Inter-Team, among others.
72GF Score

Get the complete analysis for LTS:0HDJ

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

kr70.58
Price
kr115.66
GF Value