Mangold AB (OSTO:MANG) Cyclically Adjusted PB Ratio: 4.53 (As of Sep. 02, 2026) — 51% 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:MANG Mangold AB OSTO:MANG
58 GF Score
Price kr1,700.00
GF Value kr2,124.95
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Mangold AB Cyclically Adjusted PB Ratio?

Mangold AB OSTO:MANG +0.59% 58 Cyclically Adjusted PB Ratio is 4.53 as of Sep. 02, 2026, which is 51% below its 10-year median of 9.23. GuruFocus rates OSTO:MANG with a GF Score™ of 58/100 and a GF Value™ of kr2,124.95 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 433 Capital Markets companies, Mangold AB ranks worse than 82.45% on this metric.

As of today (2026-09-02), Mangold AB's current share price is kr1700.00. Mangold AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr374.99. Mangold AB's Cyclically Adjusted PB Ratio for today is 4.53.

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

OSTO:MANG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.43   Med: 9.23   Max: 34.42
Current: 4.53

During the past years, Mangold AB's highest Cyclically Adjusted PB Ratio was 34.42. The lowest was 4.43. And the median was 9.23.

OSTO:MANG's Cyclically Adjusted PB Ratio is ranked worse than
82.45% of 433 companies
in the Capital Markets industry
Industry Median: 1.47 vs OSTO:MANG: 4.53

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.

Mangold AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr504.802. 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 kr374.99 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mangold AB  (OSTO:MANG) 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.


Mangold AB Cyclically Adjusted PB Ratio Related Terms


Mangold AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mangold 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.

Mangold AB Cyclically Adjusted PB Ratio Chart

Mangold 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 26.54 12.99 8.76 6.98 5.53

Mangold 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 5.63 5.74 5.53 5.55 4.51

OSTO:MANG vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Mangold 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.


Mangold AB Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mangold AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:MANG
58GF Score
Mangold AB OSTO:MANG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mangold 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1700.00/374.99
=4.53

* 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.

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

For example, Mangold 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)
=504.802/134.6100*134.6100
=504.802

Current CPI (Jun. 2026) = 134.6100.

Mangold AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 152.222 101.138 202.601
201612 153.042 102.022 201.928
201703 160.000 102.022 211.108
201706 170.444 102.752 223.289
201709 170.667 103.279 222.441
201712 176.831 103.793 229.334
201803 178.000 103.962 230.475
201806 195.333 104.875 250.717
201809 190.508 105.679 242.663
201812 197.764 105.912 251.351
201903 206.127 105.886 262.043
201906 207.221 106.742 261.323
201909 215.755 107.214 270.887
201912 223.087 107.766 278.657
202003 223.747 106.563 282.637
202006 237.255 107.498 297.093
202009 259.259 107.635 324.233
202012 273.353 108.296 339.774
202103 307.190 108.360 381.608
202106 340.087 108.928 420.271
202109 471.895 110.338 575.701
202112 502.719 112.486 601.595
202203 470.370 114.825 551.416
202206 394.771 118.384 448.881
202209 464.744 122.296 511.538
202212 465.194 126.365 495.546
202303 447.650 127.042 474.318
202306 442.949 129.407 460.760
202309 413.220 130.224 427.139
202312 448.991 131.912 458.175
202403 439.872 132.205 447.873
202406 419.321 132.716 425.305
202409 419.108 132.304 426.412
202412 428.397 132.987 433.625
202503 425.053 132.825 430.767
202506 440.340 133.699 443.341
202509 493.631 133.480 497.810
202512 497.484 133.390 502.034
202603 494.055 133.560 497.939
202606 504.802 134.610 504.802

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 4.53 mean?
Mangold AB (OSTO:MANG) has a Cyclically Adjusted PB Ratio of 4.53 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 Mangold AB and its competitors. This is 51% below median its historical median of 9.23. Over the past decade, Mangold AB's Cyclically Adjusted PB Ratio has ranged from 4.43 to 34.42. According to the industry distribution chart, Mangold AB ranks #357 out of 433 companies in the Capital Markets industry, placing it in the top 82.4%.
Is Mangold AB's Cyclically Adjusted PB Ratio too high?
Mangold AB's current Cyclically Adjusted PB Ratio of 4.53 is 51% below median its 10-year median of 9.23. Over the past 10 years, this metric has ranged from a low of 4.43 to a high of 34.42. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.47. Mangold AB's value of 4.53 is 208.2% above this industry median. Based on the distribution chart, Mangold AB ranks #357 out of 433 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Mangold AB has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mangold AB's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Mangold AB ranks #357 out of 433 companies for Cyclically Adjusted PB Ratio. This places Mangold AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.47. Mangold AB's value of 4.53 is 208.2% above this benchmark. Historically, Mangold AB's own Cyclically Adjusted PB Ratio has ranged from 4.43 to 34.42 over the past decade. While the company's 10-year median is 9.23 vs. the industry median of 1.47, Mangold AB has consistently been above 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.47, based on 433 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. Mangold AB's current Cyclically Adjusted PB Ratio of 4.53 is 208.2% above 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 Mangold AB and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangold AB's current Cyclically Adjusted PB Ratio is 4.53, which is 51% below median its own 10-year median of 9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangold AB stock overvalued right now?
Based on GuruFocus' analysis, Mangold AB (OSTO:MANG) is currently considered Modestly Undervalued. The stock's GF Value™ is kr2,124.95, compared to a current price of kr1,700.00 — trading 20% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.53, which is 51% below median its 10-year median of 9.23 and 208.2% above the Capital Markets industry median of 1.47. Mangold AB's overall GF Score™ is 58/100 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 Mangold AB (OSTO:MANG), the current Cyclically Adjusted PB Ratio is 4.53 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 Mangold AB (OSTO:MANG) Overvalued in 2026?

Based on GuruFocus' analysis, Mangold AB stock appears to be undervalued. The current stock price of kr1,700.00 is trading 20% below its estimated GF Value™ of kr2,124.95. GuruFocus considers Mangold AB to be Modestly Undervalued.

Key valuation signals for OSTO:MANG:

  • Cyclically Adjusted PB Ratio: 4.53 (51% below median its 10-year median of 9.23)
  • GF Value™: kr2,124.95 vs. price of kr1,700.00 (20% below fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 208.2% above the Capital Markets median (#357 of 433)

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


Mangold AB Business Description

Address Engelbrektsplan 2, Stockholm, SWE, 114 34
Mangold AB is an independent broker who offers financial services to companies, institutions and individuals. The company's operations include securities trading, corporate finance, emission services, asset management and market making. It also provides advice on placement decisions, pension issues, risk assessments, security solutions and other financial considerations.
58GF Score

Get the complete analysis for OSTO:MANG

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

kr1,700.00
Price
kr2,124.95
GF Value