Billerud AB (MEX:BILLN) Cyclically Adjusted PB Ratio: (As of Aug. 14, 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.
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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.

MEX:BILLN Billerud AB MEX:BILLN
67 GF Score
Price MXN154.79
GF Value MXN173.58
! 4 Warning Signs
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What is Billerud AB Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Billerud AB  (MEX:BILLN) 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.


Billerud AB Cyclically Adjusted PB Ratio Related Terms


Billerud AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Billerud 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.

Billerud AB Cyclically Adjusted PB Ratio Chart

Billerud 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 2.40 1.57 1.14 1.06 0.94

Billerud 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 1.00 0.85 0.94 0.72 0.61

MEX:BILLN vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Billerud 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.


Billerud AB Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Billerud AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:BILLN
67GF Score
Billerud AB MEX:BILLN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Billerud 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.

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

For example, Billerud 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)
=202.32/134.6100*134.6100
=202.320

Current CPI (Jun. 2026) = 134.6100.

Billerud AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 129.851 101.138 172.827
201612 131.163 102.022 173.060
201703 127.494 102.022 168.219
201706 121.256 102.752 158.851
201709 137.523 103.279 179.243
201712 145.480 103.793 188.675
201803 142.040 103.962 183.914
201806 134.888 104.875 173.133
201809 131.160 105.679 167.067
201812 140.673 105.912 178.790
201903 137.124 105.886 174.322
201906 125.639 106.742 158.441
201909 176.782 107.214 221.955
201912 175.306 107.766 218.974
202003 205.508 106.563 259.597
202006 210.806 107.498 263.974
202009 213.236 107.635 266.676
202012 206.698 108.296 256.923
202103 211.440 108.360 262.662
202106 204.143 108.928 252.275
202109 211.176 110.338 257.630
202112 203.678 112.486 243.738
202203 201.060 114.825 235.703
202206 219.094 118.384 249.124
202209 221.549 122.296 243.856
202212 221.285 126.365 235.723
202303 201.797 127.042 213.819
202306 174.149 129.407 181.152
202309 175.444 130.224 181.354
202312 179.393 131.912 183.062
202403 176.330 132.205 179.537
202406 190.642 132.716 193.363
202409 210.517 132.304 214.186
202412 221.220 132.987 223.919
202503 233.241 132.825 236.376
202506 218.614 133.699 220.104
202509 217.176 133.480 219.015
202512 216.122 133.390 218.099
202603 216.300 133.560 218.000
202606 202.320 134.610 202.320

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 Billerud AB (MEX:BILLN) Overvalued in 2026?

Based on GuruFocus' analysis, Billerud AB stock appears to be undervalued. The current stock price of MXN154.79 is trading 10.8% below its estimated GF Value™ of MXN173.58.

Key valuation signals for MEX:BILLN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN173.58 vs. price of MXN154.79 (10.8% below fair value)
  • GF Score™: 67/100 with 4 warning signs

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


Billerud AB Business Description

Address Evenemangsgatan 17, P.O. Box 703, Solna, Stockholm, SWE, SE-169 27
Billerud AB produces a variety of packaging, paper, and board products. Its product offerings include Cartonboard, Sack Paper, Coated sheets, Web papers, Hardwood Pulp, and Containerboard, among others. The company has has three operating segments: Region Europe, Region North America and Other. The majority of revenue is derived from the Region Europe segment.
67GF Score

Get the complete analysis for MEX:BILLN

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

MXN154.79
Price
MXN173.58
GF Value