Hedera Group AB (OSTO:HEGR) Cyclically Adjusted PB Ratio: 0.08 (As of Sep. 02, 2026) — 85% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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OSTO:HEGR Hedera Group AB OSTO:HEGR
50 GF Score
Price kr0.38
GF Value kr1.40
Valuation Possible Value Trap
! 3 Warning Signs
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What is Hedera Group AB Cyclically Adjusted PB Ratio?

Hedera Group AB OSTO:HEGR +9.71% 50 Cyclically Adjusted PB Ratio is 0.08 as of Sep. 02, 2026, which is 85% below its 10-year median of 0.53. GuruFocus rates OSTO:HEGR with a GF Score™ of 50/100 and a GF Value™ of kr1.40 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 690 Business Services companies, Hedera Group AB ranks better than 98.26% on this metric.

As of today (2026-09-02), Hedera Group AB's current share price is kr0.384. Hedera Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr4.80. Hedera Group AB's Cyclically Adjusted PB Ratio for today is 0.08.

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

OSTO:HEGR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.53   Max: 0.79
Current: 0.07

During the past years, Hedera Group AB's highest Cyclically Adjusted PB Ratio was 0.79. The lowest was 0.07. And the median was 0.53.

OSTO:HEGR's Cyclically Adjusted PB Ratio is ranked better than
98.26% of 690 companies
in the Business Services industry
Industry Median: 1.535 vs OSTO:HEGR: 0.07

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.

Hedera Group AB's adjusted book value per share data for the three months ended in Mar. 2026 was kr2.962. 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 kr4.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hedera Group AB  (OSTO:HEGR) 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.


Hedera Group AB Cyclically Adjusted PB Ratio Related Terms


Hedera Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hedera 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.

Hedera Group AB Cyclically Adjusted PB Ratio Chart

Hedera 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 0.00 0.71 0.73 0.53 0.12

Hedera Group AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.52 0.27 0.18 0.12 0.13

OSTO:HEGR vs RHI, KFY, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Hedera 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.


Hedera Group AB Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Hedera Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:HEGR
50GF Score
Hedera Group AB OSTO:HEGR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hedera 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.384/4.80
=0.08

* 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.

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

For example, Hedera Group AB's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.962/133.5600*133.5600
=2.962

Current CPI (Mar. 2026) = 133.5600.

Hedera Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.492 101.019 0.650
201609 0.681 101.138 0.899
201612 0.904 102.022 1.183
201703 1.097 102.022 1.436
201706 1.135 102.752 1.475
201709 1.305 103.279 1.688
201712 1.341 103.793 1.726
201803 5.503 103.962 7.070
201806 4.038 104.875 5.142
201809 4.293 105.679 5.426
201812 4.669 105.912 5.888
201903 4.598 105.886 5.800
201906 4.721 106.742 5.907
201909 5.326 107.214 6.635
201912 4.830 107.766 5.986
202003 4.684 106.563 5.871
202006 4.544 107.498 5.646
202009 4.619 107.635 5.732
202012 4.646 108.296 5.730
202103 4.675 108.360 5.762
202106 4.694 108.928 5.755
202109 4.799 110.338 5.809
202112 4.850 112.486 5.759
202203 5.693 114.825 6.622
202206 4.900 118.384 5.528
202209 5.252 122.296 5.736
202212 5.417 126.365 5.725
202303 5.660 127.042 5.950
202306 5.878 129.407 6.067
202309 6.341 130.224 6.503
202312 5.945 131.912 6.019
202403 5.950 132.205 6.011
202406 5.621 132.716 5.657
202409 5.727 132.304 5.781
202412 5.076 132.987 5.098
202503 5.755 132.825 5.787
202506 3.473 133.699 3.469
202509 3.278 133.480 3.280
202512 2.947 133.390 2.951
202603 2.962 133.560 2.962

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 0.08 mean?
Hedera Group AB (OSTO:HEGR) has a Cyclically Adjusted PB Ratio of 0.08 as of Sep. 02, 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 Hedera Group AB and its competitors. This is 85% below median its historical median of 0.53. Over the past decade, Hedera Group AB's Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.79. According to the industry distribution chart, Hedera Group AB ranks #12 out of 690 companies in the Business Services industry, placing it in the top 1.7%.
Is Hedera Group AB's Cyclically Adjusted PB Ratio too high?
Hedera Group AB's current Cyclically Adjusted PB Ratio of 0.08 is 85% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.79. The Business Services industry median Cyclically Adjusted PB Ratio is 1.54. Hedera Group AB's value of 0.08 is 94.8% below this industry median. Based on the distribution chart, Hedera Group AB ranks #12 out of 690 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Hedera Group AB has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hedera Group AB's Cyclically Adjusted PB Ratio compare to RHI and KFY?
According to the Business Services industry distribution chart, Hedera Group AB ranks #12 out of 690 companies for Cyclically Adjusted PB Ratio. This places Hedera Group AB in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.54. Hedera Group AB's value of 0.08 is 94.8% below this benchmark. Historically, Hedera Group AB's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.79 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.54, Hedera 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.54, based on 690 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. Hedera Group AB's current Cyclically Adjusted PB Ratio of 0.08 is 94.8% 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 Hedera Group AB and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedera Group AB's current Cyclically Adjusted PB Ratio is 0.08, which is 85% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedera Group AB stock overvalued right now?
Based on GuruFocus' analysis, Hedera Group AB (OSTO:HEGR) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.40, compared to a current price of kr0.38 — trading 72.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.08, which is 85% below median its 10-year median of 0.53 and 94.8% below the Business Services industry median of 1.54. Hedera Group AB's overall GF Score™ is 50/100 with 3 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 Hedera Group AB (OSTO:HEGR), the current Cyclically Adjusted PB Ratio is 0.08 as of Sep. 02, 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 Hedera Group AB (OSTO:HEGR) Overvalued in 2026?

Based on GuruFocus' analysis, Hedera Group AB stock appears to be undervalued. The current stock price of kr0.38 is trading 72.6% below its estimated GF Value™ of kr1.40. GuruFocus considers Hedera Group AB to be Possible Value Trap.

Key valuation signals for OSTO:HEGR:

  • Cyclically Adjusted PB Ratio: 0.08 (85% below median its 10-year median of 0.53)
  • GF Value™: kr1.40 vs. price of kr0.38 (72.6% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 94.8% below the Business Services median (#12 of 690)

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


Hedera Group AB Business Description

Other Exchanges 0HD:Germany
Address Vasagatan 15-17, Stockholm, SWE, SE 111 20
Hedera Group AB offers personal assistance, staffing and recruitment, as well as services within healthcare and social care. Hedera operates in two business areas, Hedera Assistance and Hedera Staffing. Within staffing there are two business areas, Hedera Life Science and Hedera Doctor & Nurse.
50GF Score

Get the complete analysis for OSTO:HEGR

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

kr0.38
Price
kr1.40
GF Value