Matas AS (LTS:0QFA) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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:0QFA Matas AS LTS:0QFA
62 GF Score
Price kr85.90
GF Value kr152.04
Valuation Significantly Undervalued
! 8 Warning Signs
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What is Matas AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Matas AS  (LTS:0QFA) 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.


Matas AS Cyclically Adjusted PB Ratio Related Terms


Matas AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Matas AS'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.

Matas AS Cyclically Adjusted PB Ratio Chart

Matas AS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.28 1.02 1.40 1.52 1.18

Matas AS 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 1.55 1.49 1.42 1.20 0.99

LTS:0QFA vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Matas AS'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.


Matas AS Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Matas AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0QFA
62GF Score
Matas AS LTS:0QFA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matas AS 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.

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

For example, Matas AS'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)
=97.983/122.9500*122.9500
=97.983

Current CPI (Jun. 2026) = 122.9500.

Matas AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 64.276 100.200 78.870
201612 67.251 100.300 82.438
201703 68.355 101.200 83.046
201706 64.040 101.200 77.804
201709 65.169 101.800 78.709
201712 68.772 101.300 83.470
201803 69.641 101.700 84.192
201806 65.268 102.300 78.443
201809 66.275 102.400 79.575
201812 69.381 102.100 83.549
201903 70.270 102.900 83.962
201906 68.399 102.900 81.727
201909 69.135 102.900 82.606
201912 72.270 102.900 86.352
202003 72.380 103.300 86.148
202006 73.490 103.200 87.554
202009 74.847 103.500 88.912
202012 78.937 103.400 93.862
202103 79.410 104.300 93.609
202106 78.194 105.000 91.561
202109 79.034 105.800 91.845
202112 82.507 106.600 95.162
202203 83.693 109.900 93.631
202206 82.962 113.600 89.790
202209 84.248 116.400 88.989
202212 88.187 115.900 93.551
202303 88.659 117.300 92.929
202306 87.569 116.400 92.497
202309 88.262 117.400 92.435
202312 93.042 116.700 98.025
202403 91.325 118.400 94.835
202406 90.666 118.500 94.071
202409 91.688 118.900 94.811
202412 96.803 118.900 100.100
202503 97.856 120.200 100.095
202506 96.472 120.700 98.270
202509 97.061 121.600 98.139
202512 101.756 121.180 103.242
202603 100.941 121.670 102.003
202606 97.983 122.950 97.983

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 Matas AS (LTS:0QFA) Overvalued in 2026?

Based on GuruFocus' analysis, Matas AS stock appears to be undervalued. The current stock price of kr85.90 is trading 43.5% below its estimated GF Value™ of kr152.04. GuruFocus considers Matas AS to be Significantly Undervalued.

Key valuation signals for LTS:0QFA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr152.04 vs. price of kr85.90 (43.5% below fair value)
  • GF Score™: 62/100 with 8 warning signs

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


Matas AS Business Description

Other Exchanges MATASc:UKMATAS:Denmark
Address Rormosevej 1, Allerod, DNK, DK-3450
Matas AS is beauty and wellbeing brands. It has three segments Matas, KICKS and Other. It generates majority of revenue from Matas segment. Its product groups are High-end Beauty: Luxury beauty products, including cosmetics, skincare and haircare products and fragrances; Mass Beauty: Everyday beauty products and personal care, including cosmetics and skincare and haircare products; Health and Wellbeing: MediCare Vitamins, minerals, health supplements, specialty foods and herbal medicinal products. Sports, nutrition and exercise. Baby and parent. Sexual wellness, Personal care products and special skincare; Other: Clothing and accessories. It generates majority of revenue from Denmark followed by Sweden, Norway, and Other countries.
62GF Score

Get the complete analysis for LTS:0QFA

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

kr85.90
Price
kr152.04
GF Value