Brodrene A & O Johansen AS (LTS:0RNT) Cyclically Adjusted PB Ratio: 1.65 (As of Aug. 05, 2026) — 11% Below 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:0RNT Brodrene A & O Johansen AS LTS:0RNT
73 GF Score
Price kr90.65
GF Value kr98.03
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio?

Brodrene A & O Johansen AS LTS:0RNT 73 Cyclically Adjusted PB Ratio is 1.65 as of Aug. 05, 2026, which is 11% below its 10-year median of 1.86. GuruFocus rates LTS:0RNT with a GF Score™ of 73/100 and a GF Value™ of kr98.03 (Fairly Valued). The stock has 4 warning signs investors should review. Among 126 Industrial Distribution companies, Brodrene A & O Johansen AS ranks worse than 57.94% on this metric.

As of today (2026-08-05), Brodrene A & O Johansen AS's current share price is kr90.65. Brodrene A & O Johansen AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr54.85. Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio for today is 1.65.

The historical rank and industry rank for Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0RNT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.86   Max: 4.69
Current: 1.64

During the past years, Brodrene A & O Johansen AS's highest Cyclically Adjusted PB Ratio was 4.69. The lowest was 1.29. And the median was 1.86.

LTS:0RNT's Cyclically Adjusted PB Ratio is ranked worse than
57.94% of 126 companies
in the Industrial Distribution industry
Industry Median: 1.33 vs LTS:0RNT: 1.64

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.

Brodrene A & O Johansen AS's adjusted book value per share data for the three months ended in Mar. 2026 was kr74.510. 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 kr54.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brodrene A & O Johansen AS  (LTS:0RNT) 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.


Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio Related Terms


Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Brodrene A & O Johansen 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.

Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio Chart

Brodrene A & O Johansen AS 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 4.64 2.27 1.69 1.66 1.76

Brodrene A & O Johansen AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 1.69 1.75 1.82 1.76 1.54

LTS:0RNT vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Brodrene A & O Johansen 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.


Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio falls into.


LTS:0RNT
73GF Score
Brodrene A & O Johansen AS LTS:0RNT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brodrene A & O Johansen 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.

Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=90.65/54.85
=1.65

* 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.

Brodrene A & O Johansen AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Brodrene A & O Johansen AS'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)
=74.51/121.6800*121.6800
=74.510

Current CPI (Mar. 2026) = 121.6800.

Brodrene A & O Johansen AS Quarterly Data

Book Value per Share CPI Adj_Book
201512 20.780 99.800 25.336
201606 13.585 100.600 16.432
201612 35.505 100.300 43.073
201703 0.000 101.200 0.000
201706 28.689 101.200 34.495
201709 0.000 101.800 0.000
201712 29.677 101.300 35.648
201803 29.995 101.700 35.888
201806 31.331 102.300 37.266
201809 32.622 102.400 38.764
201812 34.240 102.100 40.806
201903 34.909 102.900 41.280
201906 36.278 102.900 42.899
201909 37.631 102.900 44.499
201912 39.380 102.900 46.567
202003 40.238 103.300 47.397
202006 42.292 103.200 49.865
202009 44.042 103.500 51.778
202012 46.618 103.400 54.860
202103 47.598 104.300 55.529
202106 50.429 105.000 58.440
202109 53.132 105.800 61.107
202112 56.106 106.600 64.043
202203 53.317 109.900 59.032
202206 56.497 113.600 60.515
202209 61.266 116.400 64.045
202212 65.183 115.900 68.434
202303 61.553 117.300 63.851
202306 63.472 116.400 66.351
202309 65.930 117.400 68.334
202312 68.323 116.700 71.239
202403 64.836 118.400 66.632
202406 66.111 118.500 67.885
202409 68.323 118.900 69.920
202412 71.148 118.900 72.812
202503 69.675 120.200 70.533
202506 71.315 120.700 71.894
202509 73.292 121.600 73.340
202512 77.247 121.200 77.553
202603 74.510 121.680 74.510

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 1.65 mean?
Brodrene A & O Johansen AS (LTS:0RNT) has a Cyclically Adjusted PB Ratio of 1.65 as of Aug. 05, 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 Brodrene A & O Johansen AS and its competitors. This is 11% below median its historical median of 1.86. Over the past decade, Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio has ranged from 1.29 to 4.69. According to the industry distribution chart, Brodrene A & O Johansen AS ranks #73 out of 126 companies in the Industrial Distribution industry, placing it in the top 57.9%.
Is Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio too high?
Brodrene A & O Johansen AS's current Cyclically Adjusted PB Ratio of 1.65 is 11% below median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 4.69. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.33. Brodrene A & O Johansen AS's value of 1.65 is 24.1% above this industry median. Based on the distribution chart, Brodrene A & O Johansen AS ranks #73 out of 126 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Brodrene A & O Johansen AS has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Brodrene A & O Johansen AS ranks #73 out of 126 companies for Cyclically Adjusted PB Ratio. This places Brodrene A & O Johansen AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.33. Brodrene A & O Johansen AS's value of 1.65 is 24.1% above this benchmark. Historically, Brodrene A & O Johansen AS's own Cyclically Adjusted PB Ratio has ranged from 1.29 to 4.69 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 1.33, Brodrene A & O Johansen AS 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 an Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.33, based on 126 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. Brodrene A & O Johansen AS's current Cyclically Adjusted PB Ratio of 1.65 is 24.1% 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 Brodrene A & O Johansen AS and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brodrene A & O Johansen AS's current Cyclically Adjusted PB Ratio is 1.65, which is 11% below median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brodrene A & O Johansen AS stock overvalued right now?
Based on GuruFocus' analysis, Brodrene A & O Johansen AS (LTS:0RNT) is currently considered Fairly Valued. The stock's GF Value™ is kr98.03, compared to a current price of kr90.65 — trading 7.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.65, which is 11% below median its 10-year median of 1.86 and 24.1% above the Industrial Distribution industry median of 1.33. Brodrene A & O Johansen AS's overall GF Score™ is 73/100 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 Brodrene A & O Johansen AS (LTS:0RNT), the current Cyclically Adjusted PB Ratio is 1.65 as of Aug. 05, 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 Brodrene A & O Johansen AS (LTS:0RNT) Overvalued in 2026?

Based on GuruFocus' analysis, Brodrene A & O Johansen AS stock appears to be undervalued. The current stock price of kr90.65 is trading 7.5% below its estimated GF Value™ of kr98.03. GuruFocus considers Brodrene A & O Johansen AS to be Fairly Valued.

Key valuation signals for LTS:0RNT:

  • Cyclically Adjusted PB Ratio: 1.65 (11% below median its 10-year median of 1.86)
  • GF Value™: kr98.03 vs. price of kr90.65 (7.5% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 24.1% above the Industrial Distribution median (#73 of 126)

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


Brodrene A & O Johansen AS Business Description

Other Exchanges AOJ B:DenmarkXH0:Germany
Address Rorvang 3, Albertslund, DNK, 2620
Brodrene A & O Johansen AS is a wholesaler that serves professional and private customers through an omni-channel business model combining digital solutions with a physical presence. The company offers a broad range of technical installation materials and related products, including workwear, tools and brackets, water supply, drainage and sewage, energy, electrical products and HVAC solutions, supported by services such as digital solutions, project advice and logistics. It operates through two segments: B2B, which earns the majority of revenue and serves professional tradesmen and construction companies, and B2C, which serves private DIY consumers through webshops and showrooms. The Group operates mainly in Denmark.
73GF Score

Get the complete analysis for LTS:0RNT

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

kr90.65
Price
kr98.03
GF Value