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Solar AS (OCSE:SOLAR B) Cyclically Adjusted PB Ratio : 1.20 (As of Jun. 30, 2025)


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What is Solar AS Cyclically Adjusted PB Ratio?

As of today (2025-06-30), Solar AS's current share price is kr310.50. Solar AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was kr258.85. Solar AS's Cyclically Adjusted PB Ratio for today is 1.20.

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

OCSE:SOLAR B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.49   Max: 3.49
Current: 1.2

During the past years, Solar AS's highest Cyclically Adjusted PB Ratio was 3.49. The lowest was 0.64. And the median was 1.49.

OCSE:SOLAR B's Cyclically Adjusted PB Ratio is ranked better than
61.77% of 1946 companies
in the Hardware industry
Industry Median: 1.67 vs OCSE:SOLAR B: 1.20

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.

Solar AS's adjusted book value per share data for the three months ended in Dec. 2024 was kr250.308. 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 kr258.85 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Solar AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Solar 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.

* Premium members only.

Solar AS Cyclically Adjusted PB Ratio Chart

Solar AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 3.15 2.34 1.79 1.16

Solar AS Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.79 1.27 1.24 1.36 1.16

Competitive Comparison of Solar AS's Cyclically Adjusted PB Ratio

For the Electronics & Computer Distribution subindustry, Solar 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.


Solar AS's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solar AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Solar 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.

Solar AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=310.50/258.85
=1.20

* 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.

Solar AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Solar AS's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=250.308/118.9000*118.9000
=250.308

Current CPI (Dec. 2024) = 118.9000.

Solar AS Quarterly Data

Book Value per Share CPI Adj_Book
201503 223.297 100.200 264.970
201506 228.899 100.300 271.347
201509 230.681 100.200 273.732
201512 234.413 99.800 279.276
201603 234.723 100.200 278.529
201606 226.563 100.600 267.777
201609 223.486 100.200 265.194
201612 230.611 100.300 273.376
201703 236.092 101.200 277.385
201706 232.392 101.200 273.038
201709 239.107 101.800 279.271
201712 218.005 101.300 255.881
201803 218.416 101.700 255.356
201806 217.046 102.300 252.266
201809 225.404 102.400 261.724
201812 224.445 102.100 261.376
201903 207.591 102.900 239.869
201906 212.661 102.900 245.728
201909 207.180 102.900 239.395
201912 218.142 102.900 252.061
202003 197.451 103.300 227.269
202006 221.156 103.200 254.801
202009 231.296 103.500 265.711
202012 232.392 103.400 267.228
202103 221.690 104.300 252.722
202106 227.441 105.000 257.550
202109 244.283 105.800 274.530
202112 267.287 106.600 298.128
202203 247.569 109.900 267.843
202206 219.088 113.600 229.310
202209 241.545 116.400 246.733
202212 264.412 115.900 271.256
202303 234.150 117.300 237.344
202306 241.134 116.400 246.313
202309 254.827 117.400 258.083
202312 264.549 116.700 269.536
202403 229.632 118.400 230.602
202406 235.930 118.500 236.726
202409 244.283 118.900 244.283
202412 250.308 118.900 250.308

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.


Solar AS  (OCSE:SOLAR B) 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.


Solar AS Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Solar AS's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Solar AS Business Description

Industry
Traded in Other Exchanges
Address
Industrivej Vest 43, Vejen, DNK, 6600
Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.

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