ECOMB AB (NGM:ECOMB) Cyclically Adjusted PB Ratio: (As of Jul. 23, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:ECOMB ECOMB AB NGM:ECOMB
21 GF Score
Price kr0.38
! 6 Warning Signs
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What is ECOMB AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ECOMB AB  (NGM:ECOMB) 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.


ECOMB AB Cyclically Adjusted PB Ratio Related Terms


ECOMB AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ECOMB 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.

ECOMB AB Cyclically Adjusted PB Ratio Chart

ECOMB 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 1.30 0.00

ECOMB AB Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 1.30 22.03 0.00 0.00 0.00

NGM:ECOMB vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, ECOMB 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.


ECOMB AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NGM:ECOMB
21GF Score
ECOMB AB NGM:ECOMB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ECOMB 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.

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

For example, ECOMB 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)
=0.161/133.5600*133.5600
=0.161

Current CPI (Mar. 2026) = 133.5600.

ECOMB AB Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.119 100.403 0.158
201306 -0.132 100.206 -0.176
201312 -0.298 100.541 -0.396
201406 0.391 100.432 0.520
201412 0.275 100.225 0.366
201506 0.387 99.995 0.517
201512 0.366 100.276 0.487
201606 0.310 101.019 0.410
201612 0.211 102.022 0.276
201706 0.111 102.752 0.144
201712 -0.030 103.793 -0.039
201806 -0.094 104.875 -0.120
201812 -0.003 105.912 -0.004
201903 0.000 105.886 0.000
201906 -0.040 106.742 -0.050
201909 0.000 107.214 0.000
201912 0.211 107.766 0.262
202003 -0.019 106.563 -0.024
202006 0.012 107.498 0.015
202009 0.187 107.635 0.232
202012 0.309 108.296 0.381
202103 0.294 108.360 0.362
202106 0.284 108.928 0.348
202109 0.258 110.338 0.312
202112 0.221 112.486 0.262
202203 0.083 114.825 0.097
202206 0.115 118.384 0.130
202209 0.090 122.296 0.098
202212 0.177 126.365 0.187
202303 0.069 127.042 0.073
202306 0.077 129.407 0.079
202309 0.030 130.224 0.031
202312 0.123 131.912 0.125
202403 -0.011 132.205 -0.011
202406 -0.032 132.716 -0.032
202412 1.266 132.987 1.271
202503 -4.363 132.825 -4.387
202506 -5.222 133.699 -5.217
202512 0.261 133.390 0.261
202603 0.161 133.560 0.161

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.


ECOMB AB Business Description

Address Tallvagen 2, Sodertalje, SWE
ECOMB AB is an environmental product technology company. The company has a developed a system for boilers and furnaces that reduces pollutants like nitrogen oxides, carbon monoxide and VOC in the flue gas. Its business activities include manufacturing of the patented Ecotube System, ancillaries, control software and installation.
21GF Score

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

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