Enrad AB (NGM:ENRAD) Cyclically Adjusted PB Ratio: (As of Aug. 28, 2026)

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.
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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:ENRAD Enrad AB NGM:ENRAD
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What is Enrad AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Enrad AB  (NGM:ENRAD) 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.


Enrad AB Cyclically Adjusted PB Ratio Related Terms


Enrad AB Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Enrad 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.

Enrad AB Cyclically Adjusted PB Ratio Chart

Enrad AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Enrad AB Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
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NGM:ENRAD vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Enrad 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.


Enrad AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


NGM:ENRAD
30GF Score
Enrad AB NGM:ENRAD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Enrad 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.

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

For example, Enrad 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)
=1.269/133.5600*133.5600
=1.269

Current CPI (Mar. 2026) = 133.5600.

Enrad AB Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.913 100.276 1.216
201606 0.000 101.019 0.000
201609 0.000 101.138 0.000
201612 1.192 102.022 1.560
201703 1.042 102.022 1.364
201706 2.729 102.752 3.547
201709 2.444 103.279 3.161
201712 2.186 103.793 2.813
201803 1.874 103.962 2.408
201806 1.575 104.875 2.006
201809 1.351 105.679 1.707
201812 1.349 105.912 1.701
201903 1.129 105.886 1.424
201906 0.981 106.742 1.227
201909 1.375 107.214 1.713
201912 1.267 107.766 1.570
202003 1.115 106.563 1.397
202006 0.986 107.498 1.225
202009 1.271 107.635 1.577
202012 0.720 108.296 0.888
202103 0.628 108.360 0.774
202106 0.549 108.928 0.673
202109 0.525 110.338 0.635
202112 0.652 112.486 0.774
202203 0.588 114.825 0.684
202206 0.512 118.384 0.578
202209 0.426 122.296 0.465
202212 0.950 126.365 1.004
202303 0.907 127.042 0.954
202306 0.810 129.407 0.836
202309 0.763 130.224 0.783
202312 0.953 131.912 0.965
202403 0.909 132.205 0.918
202406 1.028 132.716 1.035
202409 1.001 132.304 1.011
202412 0.971 132.987 0.975
202503 1.815 132.825 1.825
202506 1.690 133.699 1.688
202512 1.522 133.390 1.524
202603 1.269 133.560 1.269

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.


Enrad AB Business Description

Address Verkstadsgatan 10, Boras, SWE, 504 62
Enrad AB manufactures environmentally friendly energy solutions as well as installation. The company has developed a patented technology, which reduces the energy consumption for cooling and heating systems. Its product consists of two parts: an control system and a modular liquid cooling unit. Its control system controls the compressors, circulation pumps and coolant fans for optimal operation and adapts the cooling systems to the real need.
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