Briox AB (NGM:BRIX) Cyclically Adjusted PB Ratio: (As of Sep. 12, 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.

NGM:BRIX Briox AB NGM:BRIX
47 GF Score
Price kr21.10
GF Value kr7.27
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Briox AB Cyclically Adjusted PB Ratio?

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
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 8.48 13.10 19.84 19.14 15.72

NGM:BRIX vs MSFT, PLTR, ORCL: 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
47GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Briox 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)
=2.034/134.6100*134.6100
=2.034

Current CPI (Jun. 2026) = 134.6100.

Briox AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.157 101.138 1.540
201612 0.780 102.022 1.029
201703 0.412 102.022 0.544
201706 1.035 102.752 1.356
201709 0.962 103.279 1.254
201712 0.781 103.793 1.013
201803 0.631 103.962 0.817
201806 1.340 104.875 1.720
201809 0.911 105.679 1.160
201812 0.794 105.912 1.009
201903 0.616 105.886 0.783
201906 1.291 106.742 1.628
201909 1.151 107.214 1.445
201912 0.982 107.766 1.227
202003 0.813 106.563 1.027
202006 0.651 107.498 0.815
202009 0.524 107.635 0.655
202012 0.363 108.296 0.451
202103 0.265 108.360 0.329
202106 1.118 108.928 1.382
202109 1.006 110.338 1.227
202112 0.923 112.486 1.105
202203 0.805 114.825 0.944
202206 1.271 118.384 1.445
202209 1.171 122.296 1.289
202212 1.074 126.365 1.144
202303 0.980 127.042 1.038
202306 0.876 129.407 0.911
202309 0.771 130.224 0.797
202312 0.656 131.912 0.669
202403 0.552 132.205 0.562
202406 0.776 132.716 0.787
202409 0.687 132.304 0.699
202412 0.551 132.987 0.558
202503 0.649 132.825 0.658
202506 0.533 133.699 0.537
202509 1.089 133.480 1.098
202512 1.362 133.390 1.374
202603 1.246 133.560 1.256
202606 2.034 134.610 2.034

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 Briox AB (NGM:BRIX) Overvalued in 2026?

Based on GuruFocus' analysis, Briox AB stock appears to be overvalued. The current stock price of kr21.10 is trading 190.2% above its estimated GF Value™ of kr7.27. GuruFocus considers Briox AB to be Significantly Overvalued.

Key valuation signals for NGM:BRIX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr7.27 vs. price of kr21.10 (190.2% above fair value)
  • GF Score™: 47/100 with 1 warning sign

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.
47GF 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.

kr21.10
Price
kr7.27
GF Value