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NCC AB (OSTO:NCC B) Cyclically Adjusted PB Ratio : 2.93 (As of Jun. 03, 2025)


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What is NCC AB Cyclically Adjusted PB Ratio?

As of today (2025-06-03), NCC AB's current share price is kr184.30. NCC AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr62.84. NCC AB's Cyclically Adjusted PB Ratio for today is 2.93.

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

OSTO:NCC B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 2.35   Max: 3.57
Current: 2.91

During the past years, NCC AB's highest Cyclically Adjusted PB Ratio was 3.57. The lowest was 1.41. And the median was 2.35.

OSTO:NCC B's Cyclically Adjusted PB Ratio is ranked worse than
79.98% of 1264 companies
in the Construction industry
Industry Median: 1.095 vs OSTO:NCC B: 2.91

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.

NCC AB's adjusted book value per share data for the three months ended in Mar. 2025 was kr81.479. 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 kr62.84 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


NCC AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NCC 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.

* Premium members only.

NCC AB Cyclically Adjusted PB Ratio Chart

NCC AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.51 2.84 1.70 1.94 2.56

NCC AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.31 2.12 2.66 2.56 3.02

Competitive Comparison of NCC AB's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, NCC 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.


NCC AB's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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


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NCC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=184.30/62.84
=2.93

* 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.

NCC AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, NCC AB's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=81.479/132.8245*132.8245
=81.479

Current CPI (Mar. 2025) = 132.8245.

NCC AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 70.656 99.995 93.853
201509 73.475 100.228 97.371
201512 89.841 100.276 119.003
201603 86.273 100.751 113.737
201606 42.435 101.019 55.795
201609 43.707 101.138 57.401
201612 49.190 102.022 64.042
201703 53.629 102.022 69.821
201706 46.998 102.752 60.753
201709 49.414 103.279 63.550
201712 47.816 103.793 61.191
201803 45.545 103.962 58.190
201806 41.658 104.875 52.760
201809 28.852 105.679 36.263
201812 27.130 105.912 34.024
201903 24.862 105.886 31.187
201906 23.454 106.742 29.185
201909 21.574 107.214 26.727
201912 28.210 107.766 34.770
202003 25.716 106.563 32.054
202006 29.925 107.498 36.975
202009 37.023 107.635 45.687
202012 36.890 108.296 45.246
202103 38.532 108.360 47.232
202106 39.926 108.928 48.685
202109 48.634 110.338 58.545
202112 54.315 112.486 64.136
202203 53.041 114.825 61.355
202206 60.224 118.384 67.570
202209 67.419 122.296 73.223
202212 73.602 126.365 77.364
202303 73.207 127.042 76.539
202306 76.267 129.407 78.281
202309 81.762 130.224 83.395
202312 74.993 131.912 75.512
202403 75.802 132.205 76.157
202406 73.318 132.716 73.378
202409 74.526 132.304 74.819
202412 88.586 132.987 88.478
202503 81.479 132.825 81.479

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.


NCC AB  (OSTO:NCC B) 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.


NCC AB Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of NCC AB's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


NCC AB Business Description

Industry
Traded in Other Exchanges
Address
Herrjarva Torg 4, Solna, SWE, SE-170 80
NCC AB is a construction and property development company in the Nordic region. The business operations of the company are divided into five operating segments namely, NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. The company derives maximum revenue from NCC Infrastructure and geographically from Sweden. The company's projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development.

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