Relevance Communication Nordic (NGM:RLVNC) Cyclically Adjusted PB Ratio: 0.76 (As of Sep. 10, 2026) — Near Median

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:RLVNC Relevance Communication Nordic NGM:RLVNC
48 GF Score
Price kr0.53
GF Value kr1.32
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Relevance Communication Nordic Cyclically Adjusted PB Ratio?

Relevance Communication Nordic NGM:RLVNC 48 Cyclically Adjusted PB Ratio is 0.76 as of Sep. 10, 2026, which is 1% below its 10-year median of 0.77. GuruFocus rates NGM:RLVNC with a GF Score™ of 48/100 and a GF Value™ of kr1.32 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 652 Media - Diversified companies, Relevance Communication Nordic ranks better than 57.36% on this metric.

As of today (2026-09-10), Relevance Communication Nordic's current share price is kr0.53. Relevance Communication Nordic's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr0.70. Relevance Communication Nordic's Cyclically Adjusted PB Ratio for today is 0.76.

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

NGM:RLVNC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 0.77   Max: 0.82
Current: 0.82

During the past years, Relevance Communication Nordic's highest Cyclically Adjusted PB Ratio was 0.82. The lowest was 0.74. And the median was 0.77.

NGM:RLVNC's Cyclically Adjusted PB Ratio is ranked better than
57.36% of 652 companies
in the Media - Diversified industry
Industry Median: 1.015 vs NGM:RLVNC: 0.82

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.

Relevance Communication Nordic's adjusted book value per share data for the three months ended in Jun. 2026 was kr0.684. 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 kr0.70 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Relevance Communication Nordic  (NGM:RLVNC) 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.


Relevance Communication Nordic Cyclically Adjusted PB Ratio Related Terms


Relevance Communication Nordic Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Relevance Communication Nordic'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.

Relevance Communication Nordic Cyclically Adjusted PB Ratio Chart

Relevance Communication Nordic 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

Relevance Communication Nordic 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 0.78

NGM:RLVNC vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Relevance Communication Nordic'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.


Relevance Communication Nordic Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Relevance Communication Nordic's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Relevance Communication Nordic's Cyclically Adjusted PB Ratio falls into.


NGM:RLVNC
48GF Score
Relevance Communication Nordic NGM:RLVNC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Relevance Communication Nordic 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.

Relevance Communication Nordic's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.53/0.70
=0.76

* 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.

Relevance Communication Nordic's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Relevance Communication Nordic'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)
=0.684/134.6100*134.6100
=0.684

Current CPI (Jun. 2026) = 134.6100.

Relevance Communication Nordic Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 101.138 0.000
201612 1.520 102.022 2.006
201703 0.000 102.022 0.000
201706 0.000 102.752 0.000
201709 1.064 103.279 1.387
201712 0.139 103.793 0.180
201803 1.812 103.962 2.346
201806 0.632 104.875 0.811
201809 0.153 105.679 0.195
201812 0.473 105.912 0.601
201903 0.197 105.886 0.250
201906 0.412 106.742 0.520
201909 0.248 107.214 0.311
201912 0.346 107.766 0.432
202003 0.218 106.563 0.275
202006 0.228 107.498 0.286
202009 0.218 107.635 0.273
202012 0.220 108.296 0.273
202103 0.190 108.360 0.236
202106 0.212 108.928 0.262
202109 0.204 110.338 0.249
202112 0.222 112.486 0.266
202203 0.349 114.825 0.409
202206 0.313 118.384 0.356
202209 0.238 122.296 0.262
202212 0.284 126.365 0.303
202303 0.230 127.042 0.244
202306 0.273 129.407 0.284
202309 0.224 130.224 0.232
202312 2.648 131.912 2.702
202403 1.167 132.205 1.188
202406 1.120 132.716 1.136
202409 1.059 132.304 1.077
202412 1.113 132.987 1.127
202503 1.051 132.825 1.065
202506 0.967 133.699 0.974
202509 0.901 133.480 0.909
202512 0.853 133.390 0.861
202603 0.750 133.560 0.756
202606 0.684 134.610 0.684

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 0.76 mean?
Relevance Communication Nordic (NGM:RLVNC) has a Cyclically Adjusted PB Ratio of 0.76 as of Sep. 10, 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 Relevance Communication Nordic and its competitors. This is near median its historical median of 0.77. Over the past decade, Relevance Communication Nordic's Cyclically Adjusted PB Ratio has ranged from 0.74 to 0.82. According to the industry distribution chart, Relevance Communication Nordic ranks #278 out of 652 companies in the Media - Diversified industry, placing it in the top 42.6%.
Is Relevance Communication Nordic's Cyclically Adjusted PB Ratio too high?
Relevance Communication Nordic's current Cyclically Adjusted PB Ratio of 0.76 is near median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 0.82. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.02. Relevance Communication Nordic's value of 0.76 is 25.1% below this industry median. Based on the distribution chart, Relevance Communication Nordic ranks #278 out of 652 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Relevance Communication Nordic has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Relevance Communication Nordic's Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Relevance Communication Nordic ranks #278 out of 652 companies for Cyclically Adjusted PB Ratio. This puts Relevance Communication Nordic in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Relevance Communication Nordic's value of 0.76 is 25.1% below this benchmark. Historically, Relevance Communication Nordic's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 0.82 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 1.02, Relevance Communication Nordic has consistently been below 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.02, based on 652 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. Relevance Communication Nordic's current Cyclically Adjusted PB Ratio of 0.76 is 25.1% below 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 Relevance Communication Nordic and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Relevance Communication Nordic's current Cyclically Adjusted PB Ratio is 0.76, which is near median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Relevance Communication Nordic stock overvalued right now?
Based on GuruFocus' analysis, Relevance Communication Nordic (NGM:RLVNC) is currently considered Significantly Undervalued. The stock's GF Value™ is kr1.32, compared to a current price of kr0.53 — trading 59.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.76, which is near median its 10-year median of 0.77 and 25.1% below the Media - Diversified industry median of 1.02. Relevance Communication Nordic's overall GF Score™ is 48/100 with 4 warning signs 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 Relevance Communication Nordic (NGM:RLVNC), the current Cyclically Adjusted PB Ratio is 0.76 as of Sep. 10, 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 Relevance Communication Nordic (NGM:RLVNC) Overvalued in 2026?

Based on GuruFocus' analysis, Relevance Communication Nordic stock appears to be undervalued. The current stock price of kr0.53 is trading 59.8% below its estimated GF Value™ of kr1.32. GuruFocus considers Relevance Communication Nordic to be Significantly Undervalued.

Key valuation signals for NGM:RLVNC:

  • Cyclically Adjusted PB Ratio: 0.76 (near median its 10-year median of 0.77)
  • GF Value™: kr1.32 vs. price of kr0.53 (59.8% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 25.1% below the Media - Diversified median (#278 of 652)

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


Relevance Communication Nordic Business Description

48GF Score

Get the complete analysis for NGM:RLVNC

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

kr0.53
Price
kr1.32
GF Value