Svenska Handelsbanken AB (LTS:0R7R) Cyclically Adjusted PB Ratio: 1.51 (As of Aug. 07, 2026) — 22% Above Median

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LTS:0R7R Svenska Handelsbanken AB LTS:0R7R
62 GF Score
Price kr149.18
GF Value kr109.77
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Svenska Handelsbanken AB Cyclically Adjusted PB Ratio?

Svenska Handelsbanken AB LTS:0R7R +1.74% 62 Cyclically Adjusted PB Ratio is 1.51 as of Aug. 07, 2026, which is 22% above its 10-year median of 1.24. GuruFocus rates LTS:0R7R with a GF Score™ of 62/100 and a GF Value™ of kr109.77 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,285 Banks companies, Svenska Handelsbanken AB ranks worse than 59.14% on this metric.

As of today (2026-08-07), Svenska Handelsbanken AB's current share price is kr149.175. Svenska Handelsbanken AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr98.55. Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio for today is 1.51.

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

LTS:0R7R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.24   Max: 1.6
Current: 1.45

During the past years, Svenska Handelsbanken AB's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.97. And the median was 1.24.

LTS:0R7R's Cyclically Adjusted PB Ratio is ranked worse than
59.14% of 1285 companies
in the Banks industry
Industry Median: 1.28 vs LTS:0R7R: 1.45

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.

Svenska Handelsbanken AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr93.126. 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 kr98.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Svenska Handelsbanken AB  (LTS:0R7R) 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.


Svenska Handelsbanken AB Cyclically Adjusted PB Ratio Related Terms


Svenska Handelsbanken AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Svenska Handelsbanken 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.

Svenska Handelsbanken AB Cyclically Adjusted PB Ratio Chart

Svenska Handelsbanken 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 1.29 1.19 1.16 1.17 1.36

Svenska Handelsbanken 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 1.29 1.24 1.36 1.25 1.44

LTS:0R7R vs JPM, BAC, WFC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Diversified subindustry, Svenska Handelsbanken 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.


Svenska Handelsbanken AB Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0R7R
62GF Score
Svenska Handelsbanken AB LTS:0R7R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Svenska Handelsbanken 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.

Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=149.175/98.55
=1.51

* 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.

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

For example, Svenska Handelsbanken 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)
=93.126/134.6100*134.6100
=93.126

Current CPI (Jun. 2026) = 134.6100.

Svenska Handelsbanken AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 69.082 101.138 91.945
201612 70.146 102.022 92.553
201703 67.759 102.022 89.403
201706 69.384 102.752 90.896
201709 71.466 103.279 93.146
201712 72.829 103.793 94.453
201803 67.689 103.962 87.644
201806 71.119 104.875 91.284
201809 72.627 105.679 92.510
201812 73.167 105.912 92.993
201903 71.892 105.886 91.394
201906 75.951 106.742 95.781
201909 78.701 107.214 98.811
201912 80.718 107.766 100.825
202003 81.537 106.563 102.997
202006 82.427 107.498 103.216
202009 84.588 107.635 105.787
202012 86.597 108.296 107.639
202103 88.253 108.360 109.633
202106 90.207 108.928 111.476
202109 92.055 110.338 112.305
202112 91.769 112.486 109.818
202203 90.215 114.825 105.759
202206 93.769 118.384 106.622
202209 96.963 122.296 106.726
202212 97.989 126.365 104.382
202303 93.368 127.042 98.930
202306 99.132 129.407 103.118
202309 102.900 130.224 106.366
202312 103.573 131.912 105.692
202403 95.737 132.205 97.478
202406 98.501 132.716 99.907
202409 101.548 132.304 103.318
202412 106.070 132.987 107.364
202503 92.886 132.825 94.135
202506 95.224 133.699 95.873
202509 98.325 133.480 99.157
202512 100.681 133.390 101.602
202603 86.981 133.560 87.665
202606 93.126 134.610 93.126

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 1.51 mean?
Svenska Handelsbanken AB (LTS:0R7R) has a Cyclically Adjusted PB Ratio of 1.51 as of Aug. 07, 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 Svenska Handelsbanken AB and its competitors. This is 22% above median its historical median of 1.24. Over the past decade, Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio has ranged from 0.97 to 1.60. According to the industry distribution chart, Svenska Handelsbanken AB ranks #760 out of 1285 companies in the Banks industry, placing it in the top 59.1%.
Is Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio too high?
Svenska Handelsbanken AB's current Cyclically Adjusted PB Ratio of 1.51 is 22% above median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 1.60. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Svenska Handelsbanken AB's value of 1.51 is 18% above this industry median. Based on the distribution chart, Svenska Handelsbanken AB ranks #760 out of 1285 companies in the Banks industry, which is below the industry midpoint. Overall, Svenska Handelsbanken AB has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Svenska Handelsbanken AB's Cyclically Adjusted PB Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, Svenska Handelsbanken AB ranks #760 out of 1285 companies for Cyclically Adjusted PB Ratio. This places Svenska Handelsbanken AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Svenska Handelsbanken AB's value of 1.51 is 18% above this benchmark. Historically, Svenska Handelsbanken AB's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 1.60 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.28, Svenska Handelsbanken AB 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,285 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. Svenska Handelsbanken AB's current Cyclically Adjusted PB Ratio of 1.51 is 18% 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 Svenska Handelsbanken AB and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Svenska Handelsbanken AB's current Cyclically Adjusted PB Ratio is 1.51, which is 22% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Svenska Handelsbanken AB stock overvalued right now?
Based on GuruFocus' analysis, Svenska Handelsbanken AB (LTS:0R7R) is currently considered Significantly Overvalued. The stock's GF Value™ is kr109.77, compared to a current price of kr149.18 — trading 35.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.51, which is 22% above median its 10-year median of 1.24 and 18% above the Banks industry median of 1.28. Svenska Handelsbanken AB's overall GF Score™ is 62/100 with 7 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 Svenska Handelsbanken AB (LTS:0R7R), the current Cyclically Adjusted PB Ratio is 1.51 as of Aug. 07, 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 Svenska Handelsbanken AB (LTS:0R7R) Overvalued in 2026?

Based on GuruFocus' analysis, Svenska Handelsbanken AB stock appears to be overvalued. The current stock price of kr149.18 is trading 35.9% above its estimated GF Value™ of kr109.77. GuruFocus considers Svenska Handelsbanken AB to be Significantly Overvalued.

Key valuation signals for LTS:0R7R:

  • Cyclically Adjusted PB Ratio: 1.51 (22% above median its 10-year median of 1.24)
  • GF Value™: kr109.77 vs. price of kr149.18 (35.9% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 18% above the Banks median (#760 of 1285)

No single metric tells the full story. See the LTS:0R7R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Svenska Handelsbanken AB Business Description

Address Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70
Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the UK and the Netherlands. Handelsbanken generates about three-fourths of its income from its interest-spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.
62GF Score

Get the complete analysis for LTS:0R7R

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

kr149.18
Price
kr109.77
GF Value