NCABF (NCAB Group AB) Cyclically Adjusted PB Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is NCAB Group 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


NCAB Group AB  (OTCPK:NCABF) 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.


NCAB Group AB Cyclically Adjusted PB Ratio Related Terms


NCAB Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NCAB 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.

NCAB Group AB Cyclically Adjusted PB Ratio Chart

NCAB Group 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 0.00 0.00 0.00 0.00 0.00

NCAB Group 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 0.00 0.00 0.00 0.00 16.52

NCABF vs APH, GLW: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, NCAB 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.


NCAB Group AB Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, NCAB Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



NCAB 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.

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

For example, NCAB 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)
=0.84/134.1100*134.1100
=0.840

Current CPI (Jun. 2026) = 134.1100.

NCAB Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.057 100.276 0.076
201612 0.103 102.022 0.135
201703 0.000 102.022 0.000
201706 0.000 102.752 0.000
201709 0.000 103.279 0.000
201712 0.075 103.793 0.097
201803 0.095 103.962 0.123
201806 0.157 104.875 0.201
201809 0.175 105.679 0.222
201812 0.195 105.912 0.247
201903 0.216 105.886 0.274
201906 0.180 106.742 0.226
201909 0.199 107.214 0.249
201912 0.219 107.766 0.273
202003 0.235 106.563 0.296
202006 0.386 107.498 0.482
202009 0.439 107.635 0.547
202012 0.447 108.296 0.554
202103 0.487 108.360 0.603
202106 0.476 108.928 0.586
202109 0.528 110.338 0.642
202112 0.455 112.486 0.542
202203 0.488 114.825 0.570
202206 0.525 118.384 0.595
202209 0.557 122.296 0.611
202212 0.616 126.365 0.654
202303 0.663 127.042 0.700
202306 0.640 129.407 0.663
202309 0.667 130.224 0.687
202312 0.696 131.912 0.708
202403 0.774 132.205 0.785
202406 0.680 132.716 0.687
202409 0.698 132.304 0.708
202412 0.705 132.987 0.711
202503 0.718 132.825 0.725
202506 0.782 133.699 0.784
202509 0.816 133.480 0.820
202512 0.828 133.390 0.832
202603 0.908 133.560 0.912
202606 0.840 134.110 0.840

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.


NCAB Group AB Business Description

Address Lofstroms alle 5, Sundbyberg, SWE, 172 66
NCAB Group AB offers a broad range of printed circuit board (PCB) which, after receiving a customer order, are sourced from external manufacturers, predominantly located in China. It provides comprehensive services comprising design support, through prototyping, production and quality control. The operating activities are controlled in four segments; Nordic, Europe, East and North America. It generates key revenue from the Europe segment which includes the provision of a broad range of PCBs from the companies in the UK, Poland, France, Italy, Germany and Spain.