Briox AB (NGM:BRIX) Cyclically Adjusted PB Ratio: 18.61 (As of Jul. 26, 2026) — 709% Above Median

Author: Vera Yuan Vera Yuan
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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.

NGM:BRIX Briox AB NGM:BRIX
53 GF Score
Price kr18.80
GF Value kr5.41
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Briox AB Cyclically Adjusted PB Ratio?

Briox AB NGM:BRIX +4.33% 53 Cyclically Adjusted PB Ratio is 18.61 as of Jul. 26, 2026, which is 709% above its 10-year median of 2.30. GuruFocus rates NGM:BRIX with a GF Score™ of 53/100 and a GF Value™ of kr5.41 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,587 Software companies, Briox AB ranks worse than 95.9% on this metric.

As of today (2026-07-26), Briox AB's current share price is kr18.80. Briox AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr1.01. Briox AB's Cyclically Adjusted PB Ratio for today is 18.61.

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

NGM:BRIX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.14   Med: 2.3   Max: 24.67
Current: 18.55

During the past years, Briox AB's highest Cyclically Adjusted PB Ratio was 24.67. The lowest was 1.14. And the median was 2.30.

NGM:BRIX's Cyclically Adjusted PB Ratio is ranked worse than
95.9% of 1587 companies
in the Software industry
Industry Median: 2.24 vs NGM:BRIX: 18.55

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.

Briox AB's adjusted book value per share data for the three months ended in Mar. 2026 was kr1.246. 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 kr1.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Briox AB  (NGM:BRIX) 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.


Briox AB Cyclically Adjusted PB Ratio Related Terms


Briox AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Briox 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.

Briox AB Cyclically Adjusted PB Ratio Chart

Briox 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 2.39 2.06 1.38 4.38 19.84

Briox AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.52 8.48 13.10 19.84 19.14

NGM:BRIX vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Briox 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.


Briox AB Cyclically Adjusted PB Ratio vs Software Industry

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

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


NGM:BRIX
53GF Score
Briox AB NGM:BRIX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Briox 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.80/1.01
=18.61

* 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.

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

For example, Briox AB's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.246/133.5600*133.5600
=1.246

Current CPI (Mar. 2026) = 133.5600.

Briox AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.188 101.019 1.571
201609 1.157 101.138 1.528
201612 0.780 102.022 1.021
201703 0.412 102.022 0.539
201706 1.035 102.752 1.345
201709 0.962 103.279 1.244
201712 0.781 103.793 1.005
201803 0.631 103.962 0.811
201806 1.340 104.875 1.707
201809 0.911 105.679 1.151
201812 0.794 105.912 1.001
201903 0.616 105.886 0.777
201906 1.291 106.742 1.615
201909 1.151 107.214 1.434
201912 0.982 107.766 1.217
202003 0.813 106.563 1.019
202006 0.651 107.498 0.809
202009 0.524 107.635 0.650
202012 0.363 108.296 0.448
202103 0.265 108.360 0.327
202106 1.118 108.928 1.371
202109 1.006 110.338 1.218
202112 0.923 112.486 1.096
202203 0.805 114.825 0.936
202206 1.271 118.384 1.434
202209 1.171 122.296 1.279
202212 1.074 126.365 1.135
202303 0.980 127.042 1.030
202306 0.876 129.407 0.904
202309 0.771 130.224 0.791
202312 0.656 131.912 0.664
202403 0.552 132.205 0.558
202406 0.776 132.716 0.781
202409 0.687 132.304 0.694
202412 0.551 132.987 0.553
202503 0.649 132.825 0.653
202506 0.533 133.699 0.532
202509 1.089 133.480 1.090
202512 1.362 133.390 1.364
202603 1.246 133.560 1.246

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 18.61 mean?
Briox AB (NGM:BRIX) has a Cyclically Adjusted PB Ratio of 18.61 as of Jul. 26, 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 Briox AB and its competitors. This is 709% above median its historical median of 2.30. Over the past decade, Briox AB's Cyclically Adjusted PB Ratio has ranged from 1.14 to 24.67. According to the industry distribution chart, Briox AB ranks #1522 out of 1587 companies in the Software industry, placing it in the top 95.9%.
Is Briox AB's Cyclically Adjusted PB Ratio too high?
Briox AB's current Cyclically Adjusted PB Ratio of 18.61 is 709% above median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 24.67. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Briox AB's value of 18.61 is 730.8% above this industry median. Based on the distribution chart, Briox AB ranks #1522 out of 1587 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Briox AB has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Briox AB's Cyclically Adjusted PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Briox AB ranks #1522 out of 1587 companies for Cyclically Adjusted PB Ratio. This places Briox AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Briox AB's value of 18.61 is 730.8% above this benchmark. Historically, Briox AB's own Cyclically Adjusted PB Ratio has ranged from 1.14 to 24.67 over the past decade. While the company's 10-year median is 2.30 vs. the industry median of 2.24, Briox 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,587 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. Briox AB's current Cyclically Adjusted PB Ratio of 18.61 is 730.8% 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 Briox AB and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Briox AB's current Cyclically Adjusted PB Ratio is 18.61, which is 709% above median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Briox AB stock overvalued right now?
Based on GuruFocus' analysis, Briox AB (NGM:BRIX) is currently considered Significantly Overvalued. The stock's GF Value™ is kr5.41, compared to a current price of kr18.80 — trading 247.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 18.61, which is 709% above median its 10-year median of 2.30 and 730.8% above the Software industry median of 2.24. Briox AB's overall GF Score™ is 53/100 with 1 warning sign 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 Briox AB (NGM:BRIX), the current Cyclically Adjusted PB Ratio is 18.61 as of Jul. 26, 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 Briox AB (NGM:BRIX) Overvalued in 2026?

Based on GuruFocus' analysis, Briox AB stock appears to be overvalued. The current stock price of kr18.80 is trading 247.5% above its estimated GF Value™ of kr5.41. GuruFocus considers Briox AB to be Significantly Overvalued.

Key valuation signals for NGM:BRIX:

  • Cyclically Adjusted PB Ratio: 18.61 (709% above median its 10-year median of 2.30)
  • GF Value™: kr5.41 vs. price of kr18.80 (247.5% above fair value)
  • GF Score™: 53/100 with 1 warning sign
  • Industry Position: 730.8% above the Software median (#1522 of 1587)

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


Briox AB Business Description

Address Sodra Jarnvagsgatan 4A, Vaxjo, SWE, 352 29
Briox AB is a SaaS company. The company offers solutions to manage the smallest businesses finances. The solutions are being sold online and through Accounting Agencies and Accountants. Briox software connects the Accountant with the business owner, and the customers are to be found within multiple industries with a focus on the service segment. Its software is available in Finland, Estonia, Latvia and Lithuania.
53GF Score

Get the complete analysis for NGM:BRIX

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

kr18.80
Price
kr5.41
GF Value