Image Systems AB (OSTO:IS) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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:IS Image Systems AB OSTO:IS
51 GF Score
Price kr0.62
GF Value kr1.36
Valuation Possible Value Trap
! 3 Warning Signs
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What is Image Systems AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Image Systems AB  (OSTO:IS) 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.


Image Systems AB Cyclically Adjusted PB Ratio Related Terms


Image Systems AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Image Systems 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.

Image Systems AB Cyclically Adjusted PB Ratio Chart

Image Systems 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 0.44 0.79 0.83 1.64 0.73

Image Systems 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 1.17 1.05 0.73 0.55 0.55

OSTO:IS vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Image Systems 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.


Image Systems AB Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


OSTO:IS
51GF Score
Image Systems AB OSTO:IS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Image Systems 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.

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

For example, Image Systems 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)
=0.922/134.6100*134.6100
=0.922

Current CPI (Jun. 2026) = 134.6100.

Image Systems AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.292 101.138 1.720
201612 1.386 102.022 1.829
201703 1.350 102.022 1.781
201706 1.283 102.752 1.681
201709 1.294 103.279 1.687
201712 1.653 103.793 2.144
201803 1.585 103.962 2.052
201806 1.570 104.875 2.015
201809 1.558 105.679 1.985
201812 1.465 105.912 1.862
201903 1.430 105.886 1.818
201906 1.406 106.742 1.773
201909 1.425 107.214 1.789
201912 1.395 107.766 1.742
202003 1.361 106.563 1.719
202006 1.343 107.498 1.682
202009 1.340 107.635 1.676
202012 1.200 108.296 1.492
202103 1.154 108.360 1.434
202106 1.140 108.928 1.409
202109 1.174 110.338 1.432
202112 1.203 112.486 1.440
202203 1.168 114.825 1.369
202206 1.164 118.384 1.324
202209 1.249 122.296 1.375
202212 1.296 126.365 1.381
202303 1.233 127.042 1.306
202306 1.233 129.407 1.283
202309 1.237 130.224 1.279
202312 1.224 131.912 1.249
202403 1.222 132.205 1.244
202406 1.219 132.716 1.236
202409 1.352 132.304 1.376
202412 1.314 132.987 1.330
202503 1.285 132.825 1.302
202506 1.249 133.699 1.258
202509 1.255 133.480 1.266
202512 1.157 133.380 1.168
202603 1.016 133.550 1.024
202606 0.922 134.610 0.922

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.

Is Image Systems AB (OSTO:IS) Overvalued in 2026?

Based on GuruFocus' analysis, Image Systems AB stock appears to be undervalued. The current stock price of kr0.62 is trading 54.4% below its estimated GF Value™ of kr1.36. GuruFocus considers Image Systems AB to be Possible Value Trap.

Key valuation signals for OSTO:IS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr1.36 vs. price of kr0.62 (54.4% below fair value)
  • GF Score™: 51/100 with 3 warning signs

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


Image Systems AB Business Description

Other Exchanges 0QXW:UK
Address Snickaregatan 40, Linkoping, SWE, 582 26
Image Systems AB provides products to clients in film/video, multimedia and digital television. The company is a high-technology company that develops and sells software and systems for non-contact measurement technology and advanced image processing. . The Group has two business units: RemaSawco and Motion Analysis. The RemaSawco business unit offers measurement technology systems that improve the efficiency and profitability of sawmills. The Motion Analysis business unit offers software tools for motion analysis of high-speed film for a wide range of applications.
51GF Score

Get the complete analysis for OSTO:IS

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

kr0.62
Price
kr1.36
GF Value