Binero Group AB (OSTO:BINERO) Cyclically Adjusted PB Ratio: 0.33 (As of Sep. 11, 2026) — 22% Above 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.

OSTO:BINERO Binero Group AB OSTO:BINERO
68 GF Score
Price kr1.61
GF Value kr2.69
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Binero Group AB Cyclically Adjusted PB Ratio?

Binero Group AB OSTO:BINERO 68 Cyclically Adjusted PB Ratio is 0.33 as of Sep. 11, 2026, which is 22% above its 10-year median of 0.27. GuruFocus rates OSTO:BINERO with a GF Score™ of 68/100 and a GF Value™ of kr2.69 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,466 Software companies, Binero Group AB ranks better than 92.22% on this metric.

As of today (2026-09-11), Binero Group AB's current share price is kr1.61. Binero Group AB's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was kr4.94. Binero Group AB's Cyclically Adjusted PB Ratio for today is 0.33.

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

OSTO:BINERO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.27   Max: 0.68
Current: 0.32

During the past 13 years, Binero Group AB's highest Cyclically Adjusted PB Ratio was 0.68. The lowest was 0.04. And the median was 0.27.

OSTO:BINERO's Cyclically Adjusted PB Ratio is ranked better than
92.22% of 1466 companies
in the Software industry
Industry Median: 2.37 vs OSTO:BINERO: 0.32

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.

Binero Group AB's adjusted book value per share data of for the fiscal year that ended in Dec25 was kr0.833. 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 kr4.94 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Binero Group AB  (OSTO:BINERO) 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.


Binero Group AB Cyclically Adjusted PB Ratio Related Terms


Binero Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Binero Group 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.

Binero Group AB Cyclically Adjusted PB Ratio Chart

Binero Group 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 0.32 0.46 0.58 0.46 0.45

Binero Group AB Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.44 0.46 0.00 0.45 0.00

OSTO:BINERO vs MSFT, PLTR, ORCL: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Binero Group 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.


Binero Group AB Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Binero Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:BINERO
68GF Score
Binero Group AB OSTO:BINERO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Binero Group 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.

Binero Group AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.61/4.94
=0.33

* 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.

Binero Group AB's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Binero Group AB's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.833/133.3900*133.3900
=0.833

Current CPI (Dec25) = 133.3900.

Binero Group AB Annual Data

Book Value per Share CPI Adj_Book
201612 4.981 102.022 6.513
201712 5.076 103.793 6.523
201812 5.264 105.912 6.630
201912 12.879 107.766 15.941
202012 3.448 108.296 4.247
202112 3.543 112.486 4.201
202212 2.964 126.365 3.129
202312 0.375 131.912 0.379
202412 1.006 132.987 1.009
202512 0.833 133.390 0.833

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 0.33 mean?
Binero Group AB (OSTO:BINERO) has a Cyclically Adjusted PB Ratio of 0.33 as of Sep. 11, 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 Binero Group AB and its competitors. This is 22% above median its historical median of 0.27. Over the past decade, Binero Group AB's Cyclically Adjusted PB Ratio has ranged from 0.04 to 0.68. According to the industry distribution chart, Binero Group AB ranks #114 out of 1466 companies in the Software industry, placing it in the top 7.8%.
Is Binero Group AB's Cyclically Adjusted PB Ratio too high?
Binero Group AB's current Cyclically Adjusted PB Ratio of 0.33 is 22% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.68. The Software industry median Cyclically Adjusted PB Ratio is 2.37. Binero Group AB's value of 0.33 is 86.1% below this industry median. Based on the distribution chart, Binero Group AB ranks #114 out of 1466 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Binero Group AB has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Binero Group AB's Cyclically Adjusted PB Ratio compare to MSFT and PLTR?
According to the Software industry distribution chart, Binero Group AB ranks #114 out of 1466 companies for Cyclically Adjusted PB Ratio. This places Binero Group AB in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.37. Binero Group AB's value of 0.33 is 86.1% below this benchmark. Historically, Binero Group AB's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 0.68 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 2.37, Binero Group AB 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.37, based on 1,466 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. Binero Group AB's current Cyclically Adjusted PB Ratio of 0.33 is 86.1% 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 Binero Group AB and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Binero Group AB's current Cyclically Adjusted PB Ratio is 0.33, which is 22% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Binero Group AB stock overvalued right now?
Based on GuruFocus' analysis, Binero Group AB (OSTO:BINERO) is currently considered Possible Value Trap. The stock's GF Value™ is kr2.69, compared to a current price of kr1.61 — trading 40.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.33, which is 22% above median its 10-year median of 0.27 and 86.1% below the Software industry median of 2.37. Binero Group AB's overall GF Score™ is 68/100 with 8 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 Binero Group AB (OSTO:BINERO), the current Cyclically Adjusted PB Ratio is 0.33 as of Sep. 11, 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 Binero Group AB (OSTO:BINERO) Overvalued in 2026?

Based on GuruFocus' analysis, Binero Group AB stock appears to be undervalued. The current stock price of kr1.61 is trading 40.1% below its estimated GF Value™ of kr2.69. GuruFocus considers Binero Group AB to be Possible Value Trap.

Key valuation signals for OSTO:BINERO:

  • Cyclically Adjusted PB Ratio: 0.33 (22% above median its 10-year median of 0.27)
  • GF Value™: kr2.69 vs. price of kr1.61 (40.1% below fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 86.1% below the Software median (#114 of 1466)

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


Binero Group AB Business Description

Address Gustavslundsvagen 151G, Bromma, Stockholm, SWE, 167 51
Binero Group AB is a Swedish provider of open, secure and sustainable cloud services. With data centres in Sweden and a total focus on control, the company offers a cloud platform that meets both European and national requirements. Its product and service portfolio offers, among other things, digital media distribution, project management of network services, Swedish cloud and container services, climate-certified server operation and consulting services.
68GF Score

Get the complete analysis for OSTO:BINERO

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

kr1.61
Price
kr2.69
GF Value