Lagercrantz Group AB (MIL:1LAGR) Cyclically Adjusted PB Ratio: 16.59 (As of Sep. 22, 2026) — 18% Above Median

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MIL:1LAGR Lagercrantz Group AB MIL:1LAGR
73 GF Score
Price €19.89
GF Value €22.01
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Lagercrantz Group AB Cyclically Adjusted PB Ratio?

Lagercrantz Group AB MIL:1LAGR -8.91% 73 Cyclically Adjusted PB Ratio is 16.59 as of Sep. 22, 2026, which is 18% above its 10-year median of 14.01. GuruFocus rates MIL:1LAGR with a GF Score™ of 73/100 and a GF Value™ of €22.01 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 421 Conglomerates companies, Lagercrantz Group AB ranks worse than 98.34% on this metric.

As of today (2026-09-22), Lagercrantz Group AB's current share price is €19.89. Lagercrantz Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.20. Lagercrantz Group AB's Cyclically Adjusted PB Ratio for today is 16.59.

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

MIL:1LAGR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.25   Med: 14.01   Max: 22.53
Current: 17.16

During the past years, Lagercrantz Group AB's highest Cyclically Adjusted PB Ratio was 22.53. The lowest was 6.25. And the median was 14.01.

MIL:1LAGR's Cyclically Adjusted PB Ratio is ranked worse than
98.34% of 421 companies
in the Conglomerates industry
Industry Median: 1.01 vs MIL:1LAGR: 17.16

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.

Lagercrantz Group AB's adjusted book value per share data for the three months ended in Jun. 2026 was €2.071. 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 €1.20 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lagercrantz Group AB  (MIL:1LAGR) 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.


Lagercrantz Group AB Cyclically Adjusted PB Ratio Related Terms


Lagercrantz Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lagercrantz Group 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.

Lagercrantz Group AB Cyclically Adjusted PB Ratio Chart

Lagercrantz Group AB Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
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Lagercrantz Group AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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MIL:1LAGR vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Lagercrantz Group 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.


Lagercrantz Group AB Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Lagercrantz Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MIL:1LAGR
73GF Score
Lagercrantz Group AB MIL:1LAGR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lagercrantz Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.89/1.199
=16.59

* 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.

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

For example, Lagercrantz Group 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)
=2.071/134.6100*134.6100
=2.071

Current CPI (Jun. 2026) = 134.6100.

Lagercrantz Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.541 101.138 0.720
201612 0.573 102.022 0.756
201703 0.615 102.022 0.811
201706 0.643 102.752 0.842
201709 0.589 103.279 0.768
201712 0.605 103.793 0.785
201803 0.623 103.962 0.807
201806 0.652 104.875 0.837
201809 0.690 105.679 0.879
201812 0.677 105.912 0.860
201903 0.713 105.886 0.906
201906 0.747 106.742 0.942
201909 0.696 107.214 0.874
201912 0.757 107.766 0.946
202003 0.762 106.563 0.963
202006 0.812 107.498 1.017
202009 0.779 107.635 0.974
202012 0.834 108.296 1.037
202103 0.890 108.360 1.106
202106 0.946 108.928 1.169
202109 0.903 110.338 1.102
202112 0.955 112.486 1.143
202203 1.055 114.825 1.237
202206 1.101 118.384 1.252
202209 1.056 122.296 1.162
202212 1.217 126.365 1.296
202303 1.297 127.042 1.374
202306 1.350 129.407 1.404
202309 1.304 130.224 1.348
202312 1.409 131.912 1.438
202403 1.458 132.205 1.485
202406 1.532 132.716 1.554
202409 1.449 132.304 1.474
202412 1.564 132.987 1.583
202503 1.716 132.825 1.739
202506 1.765 133.699 1.777
202509 1.685 133.480 1.699
202512 1.834 133.380 1.851
202603 1.960 133.550 1.976
202606 2.071 134.610 2.071

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 16.59 mean?
Lagercrantz Group AB (MIL:1LAGR) has a Cyclically Adjusted PB Ratio of 16.59 as of Sep. 22, 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 Lagercrantz Group AB and its competitors. This is 18% above median its historical median of 14.01. Over the past decade, Lagercrantz Group AB's Cyclically Adjusted PB Ratio has ranged from 6.25 to 22.53. According to the industry distribution chart, Lagercrantz Group AB ranks #414 out of 421 companies in the Conglomerates industry, placing it in the top 98.3%.
Is Lagercrantz Group AB's Cyclically Adjusted PB Ratio too high?
Lagercrantz Group AB's current Cyclically Adjusted PB Ratio of 16.59 is 18% above median its 10-year median of 14.01. Over the past 10 years, this metric has ranged from a low of 6.25 to a high of 22.53. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Lagercrantz Group AB's value of 16.59 is 1542.6% above this industry median. Based on the distribution chart, Lagercrantz Group AB ranks #414 out of 421 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Lagercrantz Group AB has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lagercrantz Group AB's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Lagercrantz Group AB ranks #414 out of 421 companies for Cyclically Adjusted PB Ratio. This places Lagercrantz Group AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Lagercrantz Group AB's value of 16.59 is 1542.6% above this benchmark. Historically, Lagercrantz Group AB's own Cyclically Adjusted PB Ratio has ranged from 6.25 to 22.53 over the past decade. While the company's 10-year median is 14.01 vs. the industry median of 1.01, Lagercrantz Group 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 421 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. Lagercrantz Group AB's current Cyclically Adjusted PB Ratio of 16.59 is 1542.6% 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 Lagercrantz Group AB and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lagercrantz Group AB's current Cyclically Adjusted PB Ratio is 16.59, which is 18% above median its own 10-year median of 14.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lagercrantz Group AB stock overvalued right now?
Based on GuruFocus' analysis, Lagercrantz Group AB (MIL:1LAGR) is currently considered Modestly Undervalued. The stock's GF Value™ is €22.01, compared to a current price of €19.89 — trading 9.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.59, which is 18% above median its 10-year median of 14.01 and 1542.6% above the Conglomerates industry median of 1.01. Lagercrantz Group AB's overall GF Score™ is 73/100 with 2 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 Lagercrantz Group AB (MIL:1LAGR), the current Cyclically Adjusted PB Ratio is 16.59 as of Sep. 22, 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 Lagercrantz Group AB (MIL:1LAGR) Overvalued in 2026?

Based on GuruFocus' analysis, Lagercrantz Group AB stock appears to be undervalued. The current stock price of €19.89 is trading 9.6% below its estimated GF Value™ of €22.01. GuruFocus considers Lagercrantz Group AB to be Modestly Undervalued.

Key valuation signals for MIL:1LAGR:

  • Cyclically Adjusted PB Ratio: 16.59 (18% above median its 10-year median of 14.01)
  • GF Value™: €22.01 vs. price of €19.89 (9.6% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 1542.6% above the Conglomerates median (#414 of 421)

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


Lagercrantz Group AB Business Description

Address Vasagatan 11, 10th Floor, Stockholm, SWE, 111 20
Lagercrantz Group AB is a Sweden-based company engaged in the provision of products and solutions in the electronics and communications industry. The business activity of the group is divided into segments namely the Electrify, Control, TecSec, Niche Products, and the International segment. Geographically, it operates in the regions of Sweden, Denmark, Norway, Finland, the UK, Germany, and other regions. The firm derives the majority of revenue through the Electrify segment which offers products and solutions that meet the need for an increasingly electrified and connected society.
73GF Score

Get the complete analysis for MIL:1LAGR

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

€19.89
Price
€22.01
GF Value