Image Systems AB (LTS:0QXW) Cyclically Adjusted PB Ratio: 0.40 (As of Aug. 19, 2026) — 15% Below Median

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LTS:0QXW Image Systems AB LTS:0QXW
58 GF Score
Price kr0.78
GF Value kr1.34
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Image Systems AB Cyclically Adjusted PB Ratio?

Image Systems AB LTS:0QXW 58 Cyclically Adjusted PB Ratio is 0.40 as of Aug. 19, 2026, which is 15% below its 10-year median of 0.47. GuruFocus rates LTS:0QXW with a GF Score™ of 58/100 and a GF Value™ of kr1.34 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,955 Hardware companies, Image Systems AB ranks better than 89% on this metric.

As of today (2026-08-19), Image Systems AB's current share price is kr0.78429. Image Systems AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr1.95. Image Systems AB's Cyclically Adjusted PB Ratio for today is 0.40.

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

LTS:0QXW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.47   Max: 1.56
Current: 0.47

During the past years, Image Systems AB's highest Cyclically Adjusted PB Ratio was 1.56. The lowest was 0.09. And the median was 0.47.

LTS:0QXW's Cyclically Adjusted PB Ratio is ranked better than
89% of 1955 companies
in the Hardware industry
Industry Median: 2.1 vs LTS:0QXW: 0.47

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.

Image Systems AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr0.922. 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 kr1.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Image Systems AB  (LTS:0QXW) 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.


Image Systems AB Cyclically Adjusted PB Ratio Related Terms


Image Systems AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Image Systems 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.

Image Systems AB Cyclically Adjusted PB Ratio Chart

Image Systems 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 0.31 0.60 0.74 1.66 0.73

Image Systems 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 1.16 1.05 0.73 0.55 0.55

LTS:0QXW vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Image Systems 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.


Image Systems AB Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Image Systems AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0QXW
58GF Score
Image Systems AB LTS:0QXW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Image Systems 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.78429/1.95
=0.40

* 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.

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

For example, Image Systems 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)
=0.922/134.6100*134.6100
=0.922

Current CPI (Jun. 2026) = 134.6100.

Image Systems AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.310 101.138 1.744
201612 1.405 102.022 1.854
201703 1.369 102.022 1.806
201706 1.301 102.752 1.704
201709 1.312 103.279 1.710
201712 1.676 103.793 2.174
201803 1.608 103.962 2.082
201806 1.592 104.875 2.043
201809 1.580 105.679 2.013
201812 1.465 105.912 1.862
201903 1.430 105.886 1.818
201906 1.406 106.742 1.773
201909 1.425 107.214 1.789
201912 1.395 107.766 1.742
202003 1.361 106.563 1.719
202006 1.343 107.498 1.682
202009 1.340 107.635 1.676
202012 1.200 108.296 1.492
202103 1.154 108.360 1.434
202106 1.140 108.928 1.409
202109 1.174 110.338 1.432
202112 1.203 112.486 1.440
202203 1.168 114.825 1.369
202206 1.164 118.384 1.324
202209 1.249 122.296 1.375
202212 1.296 126.365 1.381
202303 1.233 127.042 1.306
202306 1.233 129.407 1.283
202309 1.237 130.224 1.279
202312 1.224 131.912 1.249
202403 1.222 132.205 1.244
202406 1.219 132.716 1.236
202409 1.352 132.304 1.376
202412 1.314 132.987 1.330
202503 1.285 132.825 1.302
202506 1.249 133.699 1.258
202509 1.255 133.480 1.266
202512 1.157 133.390 1.168
202603 1.016 133.560 1.024
202606 0.922 134.610 0.922

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 0.40 mean?
Image Systems AB (LTS:0QXW) has a Cyclically Adjusted PB Ratio of 0.40 as of Aug. 19, 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 Image Systems AB and its competitors. This is 15% below median its historical median of 0.47. Over the past decade, Image Systems AB's Cyclically Adjusted PB Ratio has ranged from 0.09 to 1.56. According to the industry distribution chart, Image Systems AB ranks #215 out of 1955 companies in the Hardware industry, placing it in the top 11%.
Is Image Systems AB's Cyclically Adjusted PB Ratio too high?
Image Systems AB's current Cyclically Adjusted PB Ratio of 0.40 is 15% below median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.56. The Hardware industry median Cyclically Adjusted PB Ratio is 2.10. Image Systems AB's value of 0.40 is 81% below this industry median. Based on the distribution chart, Image Systems AB ranks #215 out of 1955 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Image Systems AB has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Image Systems AB's Cyclically Adjusted PB Ratio compare to AAPL?
According to the Hardware industry distribution chart, Image Systems AB ranks #215 out of 1955 companies for Cyclically Adjusted PB Ratio. This places Image Systems AB in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.10. Image Systems AB's value of 0.40 is 81% below this benchmark. Historically, Image Systems AB's own Cyclically Adjusted PB Ratio has ranged from 0.09 to 1.56 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 2.10, Image Systems AB has consistently been below 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.10, based on 1,955 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. Image Systems AB's current Cyclically Adjusted PB Ratio of 0.40 is 81% below 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 Image Systems AB and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Image Systems AB's current Cyclically Adjusted PB Ratio is 0.40, which is 15% below median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Image Systems AB stock overvalued right now?
Based on GuruFocus' analysis, Image Systems AB (LTS:0QXW) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.34, compared to a current price of kr0.78 — trading 41.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.40, which is 15% below median its 10-year median of 0.47 and 81% below the Hardware industry median of 2.10. Image Systems AB's overall GF Score™ is 58/100 with 4 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 Image Systems AB (LTS:0QXW), the current Cyclically Adjusted PB Ratio is 0.40 as of Aug. 19, 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 Image Systems AB (LTS:0QXW) Overvalued in 2026?

Based on GuruFocus' analysis, Image Systems AB stock appears to be undervalued. The current stock price of kr0.78 is trading 41.5% below its estimated GF Value™ of kr1.34. GuruFocus considers Image Systems AB to be Possible Value Trap.

Key valuation signals for LTS:0QXW:

  • Cyclically Adjusted PB Ratio: 0.40 (15% below median its 10-year median of 0.47)
  • GF Value™: kr1.34 vs. price of kr0.78 (41.5% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 81% below the Hardware median (#215 of 1955)

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


Image Systems AB Business Description

Other Exchanges IS:Sweden
Address Snickaregatan 40, Linkoping, SWE, 582 26
Image Systems AB provides products to clients in film/video, multimedia and digital television. The company is a high-technology company that develops and sells software and systems for non-contact measurement technology and advanced image processing. . The Group has two business units: RemaSawco and Motion Analysis. The RemaSawco business unit offers measurement technology systems that improve the efficiency and profitability of sawmills. The Motion Analysis business unit offers software tools for motion analysis of high-speed film for a wide range of applications.
58GF Score

Get the complete analysis for LTS:0QXW

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

kr0.78
Price
kr1.34
GF Value