Beijer Ref AB (MIL:1BEIJ) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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.

MIL:1BEIJ Beijer Ref AB MIL:1BEIJ
74 GF Score
Price €12.64
GF Value €13.04
Valuation Fairly Valued
! 3 Warning Signs
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What is Beijer Ref AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Beijer Ref AB  (MIL:1BEIJ) 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.


Beijer Ref AB Cyclically Adjusted PB Ratio Related Terms


Beijer Ref AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beijer Ref 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.

Beijer Ref AB Cyclically Adjusted PB Ratio Chart

Beijer Ref AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Beijer Ref 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 - 7.11 7.16 6.03 5.41

MIL:1BEIJ vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Beijer Ref 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.


Beijer Ref AB Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Beijer Ref AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:1BEIJ
74GF Score
Beijer Ref AB MIL:1BEIJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Beijer Ref 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.

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

For example, Beijer Ref 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)
=4.223/134.6100*134.6100
=4.223

Current CPI (Jun. 2026) = 134.6100.

Beijer Ref AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.714 101.138 0.950
201612 0.743 102.022 0.980
201703 0.767 102.022 1.012
201706 0.738 102.752 0.967
201709 0.753 103.279 0.981
201712 0.804 103.793 1.043
201803 0.836 103.962 1.082
201806 0.855 104.875 1.097
201809 0.866 105.679 1.103
201812 0.901 105.912 1.145
201903 0.937 105.886 1.191
201906 0.907 106.742 1.144
201909 0.966 107.214 1.213
201912 1.003 107.766 1.253
202003 1.001 106.563 1.264
202006 0.978 107.498 1.225
202009 1.027 107.635 1.284
202012 1.078 108.296 1.340
202103 1.150 108.360 1.429
202106 1.110 108.928 1.372
202109 1.175 110.338 1.433
202112 1.231 112.486 1.473
202203 1.333 114.825 1.563
202206 1.328 118.384 1.510
202209 1.433 122.296 1.577
202212 1.454 126.365 1.549
202303 3.619 127.042 3.835
202306 3.651 129.407 3.798
202309 3.794 130.224 3.922
202312 3.801 131.912 3.879
202403 3.897 132.205 3.968
202406 3.951 132.716 4.007
202409 3.944 132.304 4.013
202412 4.175 132.987 4.226
202503 4.023 132.825 4.077
202506 3.856 133.699 3.882
202509 3.941 133.480 3.974
202512 3.989 133.380 4.026
202603 4.141 133.550 4.174
202606 4.223 134.610 4.223

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 Beijer Ref AB (MIL:1BEIJ) Overvalued in 2026?

Based on GuruFocus' analysis, Beijer Ref AB stock appears to be undervalued. The current stock price of €12.64 is trading 3.1% below its estimated GF Value™ of €13.04. GuruFocus considers Beijer Ref AB to be Fairly Valued.

Key valuation signals for MIL:1BEIJ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €13.04 vs. price of €12.64 (3.1% below fair value)
  • GF Score™: 74/100 with 3 warning signs

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


Beijer Ref AB Business Description

Address Stortorget 8, Malmo, SWE, SE-211 34
Beijer Ref AB is a technology-oriented trading group that, through value-added products, offers its customers competitive solutions in refrigeration and air conditioning. The product range consists mainly of products from international manufacturers, and also some manufacturing of the group's own products combined with service and support for the products. Its segments include EMEA, North America and APAC.
74GF Score

Get the complete analysis for MIL:1BEIJ

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

€12.64
Price
€13.04
GF Value