Alm Brand AS (OCSE:ALMB) Cyclically Adjusted PB Ratio: (As of Jul. 16, 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.

OCSE:ALMB Alm Brand AS OCSE:ALMB
52 GF Score
Price kr16.45
GF Value kr14.06
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Alm Brand AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alm Brand AS  (OCSE:ALMB) 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.


Alm Brand AS Cyclically Adjusted PB Ratio Related Terms


Alm Brand AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alm Brand AS'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.

Alm Brand AS Cyclically Adjusted PB Ratio Chart

Alm Brand AS 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 1.72 1.36 1.41 1.61 2.14

Alm Brand AS 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 1.92 2.00 2.14 1.78 0.00

OCSE:ALMB vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, Alm Brand AS'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.


Alm Brand AS Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Alm Brand AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alm Brand AS's Cyclically Adjusted PB Ratio falls into.


OCSE:ALMB
52GF Score
Alm Brand AS OCSE:ALMB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alm Brand AS 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.

Alm Brand AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Alm Brand AS'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)
=7.958/122.6800*122.6800
=7.958

Current CPI (Jun. 2026) = 122.6800.

Alm Brand AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.661 100.200 9.380
201612 7.795 100.300 9.534
201703 8.071 101.200 9.784
201706 7.113 101.200 8.623
201709 7.463 101.800 8.994
201712 7.579 101.300 9.179
201803 7.691 101.700 9.278
201806 6.936 102.300 8.318
201809 7.143 102.400 8.558
201812 7.425 102.100 8.922
201903 7.641 102.900 9.110
201906 6.965 102.900 8.304
201909 7.108 102.900 8.474
201912 7.266 102.900 8.663
202003 7.132 103.300 8.470
202006 7.585 103.200 9.017
202009 8.121 103.500 9.626
202012 8.228 103.400 9.762
202103 6.431 104.300 7.564
202106 5.007 105.000 5.850
202109 5.201 105.800 6.031
202112 8.894 106.600 10.236
202203 9.135 109.900 10.197
202206 8.767 113.600 9.468
202209 8.837 116.400 9.314
202212 8.984 115.900 9.510
202303 9.036 117.300 9.450
202306 8.899 116.400 9.379
202309 8.991 117.400 9.395
202312 9.060 116.700 9.524
202403 9.160 118.400 9.491
202406 8.596 118.500 8.899
202409 8.793 118.900 9.073
202412 8.911 118.900 9.194
202503 8.854 120.200 9.037
202506 8.423 120.700 8.561
202509 8.584 121.600 8.660
202512 8.758 121.200 8.865
202603 8.850 121.680 8.923
202606 7.958 122.680 7.958

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 Alm Brand AS (OCSE:ALMB) Overvalued in 2026?

Based on GuruFocus' analysis, Alm Brand AS stock appears to be overvalued. The current stock price of kr16.45 is trading 17% above its estimated GF Value™ of kr14.06. GuruFocus considers Alm Brand AS to be Modestly Overvalued.

Key valuation signals for OCSE:ALMB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr14.06 vs. price of kr16.45 (17% above fair value)
  • GF Score™: 52/100 with 3 warning signs

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


Alm Brand AS Business Description

Other Exchanges ALMBc:UK0DJI:UK1AM:Germany
Address Midtermolen 7, Copenhagen, DNK, DK-2100
Alm Brand AS is a Danish investment holding company. Along with its subsidiaries, it offers insurance solutions, under various brands, to its customers. Its business segments include the personal Lines segment, which comprises sales of insurance to private households through its own sales channels and partnerships, the Commercial Lines segment, which comprises sales to agricultural and commercial customers through its own sales channels and partnerships, and the Non-life insurance segment, which is also its key revenue-generating segment. Geographically, the company generates the majority of its revenue from Denmark.
52GF Score

Get the complete analysis for OCSE:ALMB

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

kr16.45
Price
kr14.06
GF Value