Heimar hf (LTS:0Q8S) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:0Q8S Heimar hf LTS:0Q8S
65 GF Score
Price kr35.20
GF Value kr33.87
! 9 Warning Signs
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What is Heimar hf Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heimar hf  (LTS:0Q8S) 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.


Heimar hf Cyclically Adjusted PB Ratio Related Terms


Heimar hf Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Heimar hf'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.

Heimar hf Cyclically Adjusted PB Ratio Chart

Heimar hf 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 1.59 1.09 0.83 1.22 1.07

Heimar hf Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 1.22 0.00 1.07 1.07 0.95

LTS:0Q8S vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Heimar hf'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.


Heimar hf Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


LTS:0Q8S
65GF Score
Heimar hf LTS:0Q8S
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heimar hf 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.

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

For example, Heimar hf'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)
=41.199/158.5100*158.5100
=41.199

Current CPI (Mar. 2026) = 158.5100.

Heimar hf Quarterly Data

Book Value per Share CPI Adj_Book
201603 17.921 101.115 28.093
201606 17.533 101.923 27.267
201609 17.699 102.457 27.382
201612 18.715 102.562 28.924
201703 19.330 102.768 29.815
201706 28.017 103.496 42.910
201709 20.795 103.871 31.734
201712 21.219 104.481 32.192
201803 21.438 105.600 32.179
201806 22.510 106.206 33.596
201809 22.459 106.727 33.356
201812 23.011 108.388 33.652
201903 31.442 108.702 45.849
201906 24.063 109.758 34.751
201909 25.516 109.922 36.795
201912 26.065 110.588 37.360
202003 25.411 111.019 36.281
202006 25.293 112.667 35.584
202009 26.967 113.772 37.571
202012 26.451 114.542 36.604
202103 26.589 115.833 36.385
202106 27.467 117.451 37.069
202109 28.302 118.723 37.787
202112 28.903 120.398 38.052
202203 29.869 123.555 38.319
202206 30.250 127.809 37.516
202209 30.740 129.810 37.536
202212 29.417 131.901 35.351
202303 30.566 135.674 35.711
202306 33.152 139.150 37.765
202309 32.895 140.147 37.205
202312 31.784 142.125 35.448
202403 34.095 144.910 37.295
202406 34.284 147.267 36.902
202409 35.464 147.722 38.054
202412 36.492 148.871 38.855
202503 0.000 150.393 0.000
202506 37.074 153.367 38.317
202512 39.881 155.560 40.637
202603 41.199 158.510 41.199

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 Heimar hf (LTS:0Q8S) Overvalued in 2026?

Based on GuruFocus' analysis, Heimar hf stock appears to be overvalued. The current stock price of kr35.20 is trading 3.9% above its estimated GF Value™ of kr33.87.

Key valuation signals for LTS:0Q8S:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr33.87 vs. price of kr35.20 (3.9% above fair value)
  • GF Score™: 65/100 with 9 warning signs

No single metric tells the full story. See the LTS:0Q8S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heimar hf Business Description

Other Exchanges HEIMAR:Iceland
Address Hagasmari 1, Kopavogur, ISL, 201
Heimar hf is a real estate company that invests in, leases and manages commercial premises in Iceland.
65GF Score

Get the complete analysis for LTS:0Q8S

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

kr35.20
Price
kr33.87
GF Value