Infrea AB (OSTO:INFREA) Cyclically Adjusted PB Ratio: 0.61 (As of Jul. 26, 2026) — 20% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:INFREA Infrea AB OSTO:INFREA
74 GF Score
Price kr12.95
GF Value kr11.90
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Infrea AB Cyclically Adjusted PB Ratio?

Infrea AB OSTO:INFREA -0.38% 74 Cyclically Adjusted PB Ratio is 0.61 as of Jul. 26, 2026, which is 20% below its 10-year median of 0.76. GuruFocus rates OSTO:INFREA with a GF Score™ of 74/100 and a GF Value™ of kr11.90 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,359 Construction companies, Infrea AB ranks better than 72.92% on this metric.

As of today (2026-07-26), Infrea AB's current share price is kr12.95. Infrea AB's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was kr21.10. Infrea AB's Cyclically Adjusted PB Ratio for today is 0.61.

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

OSTO:INFREA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.76   Max: 0.8
Current: 0.61

During the past 10 years, Infrea AB's highest Cyclically Adjusted PB Ratio was 0.80. The lowest was 0.61. And the median was 0.76.

OSTO:INFREA's Cyclically Adjusted PB Ratio is ranked better than
72.92% of 1359 companies
in the Construction industry
Industry Median: 1.16 vs OSTO:INFREA: 0.61

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.

Infrea AB's adjusted book value per share data of for the fiscal year that ended in Dec25 was kr22.869. 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 kr21.10 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Infrea AB  (OSTO:INFREA) 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.


Infrea AB Cyclically Adjusted PB Ratio Related Terms


Infrea AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Infrea 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.

Infrea AB Cyclically Adjusted PB Ratio Chart

Infrea 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 0.00 0.00 0.00 0.67

Infrea 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 0.00 0.00 0.67 0.00 0.00

OSTO:INFREA vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Infrea 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.


Infrea AB Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Infrea AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:INFREA
74GF Score
Infrea AB OSTO:INFREA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Infrea 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.95/21.10
=0.61

* 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.

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

For example, Infrea 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)
=22.869/133.3900*133.3900
=22.869

Current CPI (Dec25) = 133.3900.

Infrea AB Annual Data

Book Value per Share CPI Adj_Book
201612 0.283 102.022 0.370
201712 15.766 103.793 20.262
201812 15.426 105.912 19.428
201912 18.254 107.766 22.594
202012 20.374 108.296 25.095
202112 22.514 112.486 26.698
202212 25.522 126.365 26.941
202312 25.139 131.912 25.421
202412 21.265 132.987 21.329
202512 22.869 133.390 22.869

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 0.61 mean?
Infrea AB (OSTO:INFREA) has a Cyclically Adjusted PB Ratio of 0.61 as of Jul. 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 Infrea AB and its competitors. This is 20% below median its historical median of 0.76. Over the past decade, Infrea AB's Cyclically Adjusted PB Ratio has ranged from 0.61 to 0.80. According to the industry distribution chart, Infrea AB ranks #368 out of 1359 companies in the Construction industry, placing it in the top 27.1%.
Is Infrea AB's Cyclically Adjusted PB Ratio too high?
Infrea AB's current Cyclically Adjusted PB Ratio of 0.61 is 20% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 0.80. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Infrea AB's value of 0.61 is 47.4% below this industry median. Based on the distribution chart, Infrea AB ranks #368 out of 1359 companies in the Construction industry, which is above the industry midpoint. Overall, Infrea AB has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Infrea AB's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Infrea AB ranks #368 out of 1359 companies for Cyclically Adjusted PB Ratio. This puts Infrea AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Infrea AB's value of 0.61 is 47.4% below this benchmark. Historically, Infrea AB's own Cyclically Adjusted PB Ratio has ranged from 0.61 to 0.80 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.16, Infrea 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,359 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. Infrea AB's current Cyclically Adjusted PB Ratio of 0.61 is 47.4% 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 Infrea AB and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Infrea AB's current Cyclically Adjusted PB Ratio is 0.61, which is 20% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infrea AB stock overvalued right now?
Based on GuruFocus' analysis, Infrea AB (OSTO:INFREA) is currently considered Fairly Valued. The stock's GF Value™ is kr11.90, compared to a current price of kr12.95 — trading 8.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.61, which is 20% below median its 10-year median of 0.76 and 47.4% below the Construction industry median of 1.16. Infrea AB's overall GF Score™ is 74/100 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 Infrea AB (OSTO:INFREA), the current Cyclically Adjusted PB Ratio is 0.61 as of Jul. 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 Infrea AB (OSTO:INFREA) Overvalued in 2026?

Based on GuruFocus' analysis, Infrea AB stock appears to be overvalued. The current stock price of kr12.95 is trading 8.8% above its estimated GF Value™ of kr11.90. GuruFocus considers Infrea AB to be Fairly Valued.

Key valuation signals for OSTO:INFREA:

  • Cyclically Adjusted PB Ratio: 0.61 (20% below median its 10-year median of 0.76)
  • GF Value™: kr11.90 vs. price of kr12.95 (8.8% above fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 47.4% below the Construction median (#368 of 1359)

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


Infrea AB Business Description

Address Birger Jarlsgatan 10, Stockholm, SWE, 114 34
Infrea AB is an investment company. The company invests in Land & Construction business, AVA (waste, water and sewer) business areas and Fire Protection.
74GF Score

Get the complete analysis for OSTO:INFREA

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

kr12.95
Price
kr11.90
GF Value