Doxa AB (OSTO:DOXA) Cyclically Adjusted PB Ratio: 0.19 (As of Aug. 26, 2026) — 90% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:DOXA Doxa AB OSTO:DOXA
21 GF Score
Price kr0.34
GF Value kr0.92
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Doxa AB Cyclically Adjusted PB Ratio?

Doxa AB OSTO:DOXA -1.31% 21 Cyclically Adjusted PB Ratio is 0.19 as of Aug. 26, 2026, which is 90% below its 10-year median of 1.93. GuruFocus rates OSTO:DOXA with a GF Score™ of 21/100 and a GF Value™ of kr0.92 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,352 Real Estate companies, Doxa AB ranks better than 82.4% on this metric.

As of today (2026-08-26), Doxa AB's current share price is kr0.338. Doxa AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr1.81. Doxa AB's Cyclically Adjusted PB Ratio for today is 0.19.

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

OSTO:DOXA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 1.93   Max: 63.67
Current: 0.19

During the past years, Doxa AB's highest Cyclically Adjusted PB Ratio was 63.67. The lowest was 0.19. And the median was 1.93.

OSTO:DOXA's Cyclically Adjusted PB Ratio is ranked better than
82.4% of 1352 companies
in the Real Estate industry
Industry Median: 0.675 vs OSTO:DOXA: 0.19

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.

Doxa AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr1.490. 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 kr1.81 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Doxa AB  (OSTO:DOXA) 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.


Doxa AB Cyclically Adjusted PB Ratio Related Terms


Doxa AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Doxa 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.

Doxa AB Cyclically Adjusted PB Ratio Chart

Doxa 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 33.08 4.55 2.04 0.46 0.26

Doxa AB 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 0.26 0.32 0.26 0.23 0.23

Doxa AB Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Doxa 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.


Doxa AB Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Doxa AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:DOXA
21GF Score
Doxa AB OSTO:DOXA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Doxa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.338/1.81
=0.19

* 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.

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

For example, Doxa AB'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)
=1.49/134.6100*134.6100
=1.490

Current CPI (Jun. 2026) = 134.6100.

Doxa AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.018 101.138 0.024
201612 0.004 102.022 0.005
201703 -0.045 102.022 -0.059
201706 -0.098 102.752 -0.128
201709 -0.130 103.279 -0.169
201712 0.109 103.793 0.141
201803 0.080 103.962 0.104
201806 0.216 104.875 0.277
201809 0.202 105.679 0.257
201812 0.184 105.912 0.234
201903 0.165 105.886 0.210
201906 0.150 106.742 0.189
201909 0.084 107.214 0.105
201912 0.082 107.766 0.102
202003 0.056 106.563 0.071
202006 0.019 107.498 0.024
202009 -0.018 107.635 -0.023
202012 0.077 108.296 0.096
202103 0.053 108.360 0.066
202106 0.629 108.928 0.777
202109 0.955 110.338 1.165
202112 3.252 112.486 3.892
202203 4.811 114.825 5.640
202206 5.046 118.384 5.738
202209 5.106 122.296 5.620
202212 4.772 126.365 5.083
202303 4.697 127.042 4.977
202306 4.862 129.407 5.058
202309 5.871 130.224 6.069
202312 4.480 131.912 4.572
202403 4.035 132.205 4.108
202406 3.847 132.716 3.902
202409 2.567 132.304 2.612
202412 1.796 132.987 1.818
202503 1.766 132.825 1.790
202506 1.670 133.699 1.681
202509 1.611 133.480 1.625
202512 1.534 133.390 1.548
202603 1.517 133.560 1.529
202606 1.490 134.610 1.490

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 0.19 mean?
Doxa AB (OSTO:DOXA) has a Cyclically Adjusted PB Ratio of 0.19 as of Aug. 26, 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 Doxa AB and its competitors. This is 90% below median its historical median of 1.93. Over the past decade, Doxa AB's Cyclically Adjusted PB Ratio has ranged from 0.19 to 63.67. According to the industry distribution chart, Doxa AB ranks #238 out of 1352 companies in the Real Estate industry, placing it in the top 17.6%.
Is Doxa AB's Cyclically Adjusted PB Ratio too high?
Doxa AB's current Cyclically Adjusted PB Ratio of 0.19 is 90% below median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 63.67. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. Doxa AB's value of 0.19 is 71.9% below this industry median. Based on the distribution chart, Doxa AB ranks #238 out of 1352 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Doxa AB has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Doxa AB's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Doxa AB ranks #238 out of 1352 companies for Cyclically Adjusted PB Ratio. This places Doxa AB in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.68. Doxa AB's value of 0.19 is 71.9% below this benchmark. Historically, Doxa AB's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 63.67 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 0.68, Doxa 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,352 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. Doxa AB's current Cyclically Adjusted PB Ratio of 0.19 is 71.9% 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 Doxa AB and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Doxa AB's current Cyclically Adjusted PB Ratio is 0.19, which is 90% below median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Doxa AB stock overvalued right now?
Based on GuruFocus' analysis, Doxa AB (OSTO:DOXA) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.92, compared to a current price of kr0.34 — trading 63.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 90% below median its 10-year median of 1.93 and 71.9% below the Real Estate industry median of 0.68. Doxa AB's overall GF Score™ is 21/100 with 6 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 Doxa AB (OSTO:DOXA), the current Cyclically Adjusted PB Ratio is 0.19 as of Aug. 26, 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 Doxa AB (OSTO:DOXA) Overvalued in 2026?

Based on GuruFocus' analysis, Doxa AB stock appears to be undervalued. The current stock price of kr0.34 is trading 63.3% below its estimated GF Value™ of kr0.92. GuruFocus considers Doxa AB to be Possible Value Trap.

Key valuation signals for OSTO:DOXA:

  • Cyclically Adjusted PB Ratio: 0.19 (90% below median its 10-year median of 1.93)
  • GF Value™: kr0.92 vs. price of kr0.34 (63.3% below fair value)
  • GF Score™: 21/100 with 6 warning signs
  • Industry Position: 71.9% below the Real Estate median (#238 of 1352)

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


Doxa AB Business Description

Other Exchanges 1DO:Germany
Address Hyllie Station Square 2, Uppsala, SWE, 215 32
Doxa AB is engaged in acquiring, developing, refining, and selling properties and development projects. The company consists of a development area around Karlatornet in Gothenburg with building rights in four blocks, garages and an observation deck in Karlatornet.
21GF Score

Get the complete analysis for OSTO:DOXA

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

kr0.34
Price
kr0.92
GF Value