Granges AB (LTS:0R9X) Cyclically Adjusted PB Ratio: 2.52 (As of Aug. 17, 2026) — 28% Above Median

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:0R9X Granges AB LTS:0R9X
95 GF Score
Price kr184.70
GF Value kr173.96
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Granges AB Cyclically Adjusted PB Ratio?

Granges AB LTS:0R9X -1.10% 95 Cyclically Adjusted PB Ratio is 2.52 as of Aug. 17, 2026, which is 28% above its 10-year median of 1.97. GuruFocus rates LTS:0R9X with a GF Score™ of 95/100 and a GF Value™ of kr173.96 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,520 Metals & Mining companies, Granges AB ranks worse than 62.17% on this metric.

As of today (2026-08-17), Granges AB's current share price is kr184.70. Granges AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr73.29. Granges AB's Cyclically Adjusted PB Ratio for today is 2.52.

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

LTS:0R9X' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.53   Med: 1.97   Max: 2.67
Current: 2.51

During the past years, Granges AB's highest Cyclically Adjusted PB Ratio was 2.67. The lowest was 1.53. And the median was 1.97.

LTS:0R9X's Cyclically Adjusted PB Ratio is ranked worse than
62.17% of 1520 companies
in the Metals & Mining industry
Industry Median: 1.515 vs LTS:0R9X: 2.51

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.

Granges AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr99.996. 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 kr73.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Granges AB  (LTS:0R9X) 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.


Granges AB Cyclically Adjusted PB Ratio Related Terms


Granges AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Granges 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.

Granges AB Cyclically Adjusted PB Ratio Chart

Granges 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 0.00 1.59 1.93 2.04 2.08

Granges 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 1.80 1.70 2.08 2.07 2.34

LTS:0R9X vs AA: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, Granges 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.


Granges AB Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Granges AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0R9X
95GF Score
Granges AB LTS:0R9X
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Granges 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=184.70/73.29
=2.52

* 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.

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

For example, Granges 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)
=99.996/134.6100*134.6100
=99.996

Current CPI (Jun. 2026) = 134.6100.

Granges AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 32.214 101.138 42.876
201612 34.706 102.022 45.792
201703 36.523 102.022 48.189
201706 35.235 102.752 46.159
201709 36.467 103.279 47.530
201712 39.013 103.793 50.596
201803 42.277 103.962 54.740
201806 43.028 104.875 55.228
201809 43.498 105.679 55.406
201812 45.470 105.912 57.791
201903 49.626 105.886 63.088
201906 47.865 106.742 60.362
201909 51.446 107.214 64.592
201912 50.647 107.766 63.263
202003 54.745 106.563 69.154
202006 51.352 107.498 64.304
202009 52.150 107.635 65.220
202012 56.138 108.296 69.779
202103 60.428 108.360 75.067
202106 61.575 108.928 76.093
202109 63.447 110.338 77.404
202112 65.187 112.486 78.008
202203 68.150 114.825 79.892
202206 75.478 118.384 85.823
202209 78.639 122.296 86.557
202212 77.171 126.365 82.206
202303 79.156 127.042 83.872
202306 83.728 129.407 87.095
202309 84.377 130.224 87.219
202312 82.853 131.912 84.548
202403 88.497 132.205 90.107
202406 87.914 132.716 89.169
202409 88.553 132.304 90.096
202412 96.342 132.987 97.518
202503 92.899 132.825 94.148
202506 89.447 133.699 90.057
202509 90.568 133.480 91.335
202512 91.206 133.390 92.040
202603 96.055 133.560 96.810
202606 99.996 134.610 99.996

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 2.52 mean?
Granges AB (LTS:0R9X) has a Cyclically Adjusted PB Ratio of 2.52 as of Aug. 17, 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 Granges AB and its competitors. This is 28% above median its historical median of 1.97. Over the past decade, Granges AB's Cyclically Adjusted PB Ratio has ranged from 1.53 to 2.67. According to the industry distribution chart, Granges AB ranks #945 out of 1520 companies in the Metals & Mining industry, placing it in the top 62.2%.
Is Granges AB's Cyclically Adjusted PB Ratio too high?
Granges AB's current Cyclically Adjusted PB Ratio of 2.52 is 28% above median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 2.67. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.52. Granges AB's value of 2.52 is 66.3% above this industry median. Based on the distribution chart, Granges AB ranks #945 out of 1520 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Granges AB has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Granges AB's Cyclically Adjusted PB Ratio compare to AA?
According to the Metals & Mining industry distribution chart, Granges AB ranks #945 out of 1520 companies for Cyclically Adjusted PB Ratio. This places Granges AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Granges AB's value of 2.52 is 66.3% above this benchmark. Historically, Granges AB's own Cyclically Adjusted PB Ratio has ranged from 1.53 to 2.67 over the past decade. While the company's 10-year median is 1.97 vs. the industry median of 1.52, Granges 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.52, based on 1,520 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. Granges AB's current Cyclically Adjusted PB Ratio of 2.52 is 66.3% 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 Granges AB and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granges AB's current Cyclically Adjusted PB Ratio is 2.52, which is 28% above median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granges AB stock overvalued right now?
Based on GuruFocus' analysis, Granges AB (LTS:0R9X) is currently considered Fairly Valued. The stock's GF Value™ is kr173.96, compared to a current price of kr184.70 — trading 6.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.52, which is 28% above median its 10-year median of 1.97 and 66.3% above the Metals & Mining industry median of 1.52. Granges AB's overall GF Score™ is 95/100 with 6 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 Granges AB (LTS:0R9X), the current Cyclically Adjusted PB Ratio is 2.52 as of Aug. 17, 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 Granges AB (LTS:0R9X) Overvalued in 2026?

Based on GuruFocus' analysis, Granges AB stock appears to be overvalued. The current stock price of kr184.70 is trading 6.2% above its estimated GF Value™ of kr173.96. GuruFocus considers Granges AB to be Fairly Valued.

Key valuation signals for LTS:0R9X:

  • Cyclically Adjusted PB Ratio: 2.52 (28% above median its 10-year median of 1.97)
  • GF Value™: kr173.96 vs. price of kr184.70 (6.2% above fair value)
  • GF Score™: 95/100 with 6 warning signs
  • Industry Position: 66.3% above the Metals & Mining median (#945 of 1520)

No single metric tells the full story. See the LTS:0R9X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Granges AB Business Description

Address Linnegatan 18, Box 5505, Stockholm, SWE, 114 47
Granges AB is a Sweden-based supplier of rolled aluminum products for original equipment manufacturers. It offers products in heat exchanger applications, specialty packaging, and new rolled product niches. Some of the products offered by the company include clad tubes, mechanically bonded copper tubes, brazed aluminum heat exchangers, aluminum packaging products, cathode foil materials, battery cooling aluminum plates, and aluminum powder materials, among others. These products find their applications in automotive, electrification and battery, specialty packaging, industrial, heating, ventilation and air conditioning, and other industries. The company's operating segments are Granges Americas, Granges Asia, and Granges Europe. Maximum revenue is derived from the Granges Americas segment.
95GF Score

Get the complete analysis for LTS:0R9X

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

kr184.70
Price
kr173.96
GF Value