Fastighets AB Balder (MIL:1BALD) Cyclically Adjusted PB Ratio: (As of Aug. 23, 2026)

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Director of Data and Quant Analytics at GuruFocus
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MIL:1BALD Fastighets AB Balder MIL:1BALD
50 GF Score
Price €4.97
GF Value €6.15
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Fastighets AB Balder 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


Fastighets AB Balder  (MIL:1BALD) 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.


Fastighets AB Balder Cyclically Adjusted PB Ratio Related Terms


Fastighets AB Balder Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fastighets AB Balder'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.

Fastighets AB Balder Cyclically Adjusted PB Ratio Chart

Fastighets AB Balder 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 3.33 1.09 1.35 1.29 1.04

Fastighets AB Balder 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 1.12 1.05 1.04 0.82 0.81

Fastighets AB Balder Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Diversified subindustry, Fastighets AB Balder'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.


Fastighets AB Balder Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Fastighets AB Balder's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:1BALD
50GF Score
Fastighets AB Balder MIL:1BALD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fastighets AB Balder 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.

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

For example, Fastighets AB Balder'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)
=7.176/134.6100*134.6100
=7.176

Current CPI (Jun. 2026) = 134.6100.

Fastighets AB Balder Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.411 101.138 3.209
201612 2.664 102.022 3.515
201703 2.909 102.022 3.838
201706 2.986 102.752 3.912
201709 2.842 103.279 3.704
201712 2.918 103.793 3.784
201803 3.006 103.962 3.892
201806 3.131 104.875 4.019
201809 3.398 105.679 4.328
201812 3.618 105.912 4.598
201903 3.666 105.886 4.660
201906 3.764 106.742 4.747
201909 3.848 107.214 4.831
201912 4.330 107.766 5.409
202003 4.318 106.563 5.454
202006 4.512 107.498 5.650
202009 4.614 107.635 5.770
202012 5.113 108.296 6.355
202103 5.419 108.360 6.732
202106 5.610 108.928 6.933
202109 6.139 110.338 7.489
202112 6.752 112.486 8.080
202203 7.108 114.825 8.333
202206 7.306 118.384 8.307
202209 7.252 122.296 7.982
202212 7.109 126.365 7.573
202303 6.901 127.042 7.312
202306 6.619 129.407 6.885
202309 6.419 130.224 6.635
202312 6.376 131.912 6.506
202403 6.283 132.205 6.397
202406 6.360 132.716 6.451
202409 6.259 132.304 6.368
202412 6.460 132.987 6.539
202503 6.903 132.825 6.996
202506 6.941 133.699 6.988
202509 7.114 133.480 7.174
202512 7.272 133.390 7.339
202603 7.591 133.560 7.651
202606 7.176 134.610 7.176

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 Fastighets AB Balder (MIL:1BALD) Overvalued in 2026?

Based on GuruFocus' analysis, Fastighets AB Balder stock appears to be undervalued. The current stock price of €4.97 is trading 19.2% below its estimated GF Value™ of €6.15. GuruFocus considers Fastighets AB Balder to be Modestly Undervalued.

Key valuation signals for MIL:1BALD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €6.15 vs. price of €4.97 (19.2% below fair value)
  • GF Score™: 50/100 with 6 warning signs

No single metric tells the full story. See the MIL:1BALD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fastighets AB Balder Business Description

Address Parkgatan 49, P.O. Box 53121, Gothenburg, SWE, 400 15
Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group's business segments are; Helsinki, which derives key income, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate.
50GF Score

Get the complete analysis for MIL:1BALD

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

€4.97
Price
€6.15
GF Value