Rolling Optics Holding AB (OSTO:RO) Cyclically Adjusted PB Ratio: 0.16 (As of Jul. 16, 2026) — 60% Above Median

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:RO Rolling Optics Holding AB OSTO:RO
30 GF Score
Price kr0.23
GF Value kr0.78
! 4 Warning Signs
View Full Analysis

What is Rolling Optics Holding AB Cyclically Adjusted PB Ratio?

Rolling Optics Holding AB OSTO:RO -9.27% 30 Cyclically Adjusted PB Ratio is 0.16 as of Jul. 16, 2026, which is 60% above its 10-year median of 0.10. GuruFocus rates OSTO:RO with a GF Score™ of 30/100 and a GF Value™ of kr0.78. The stock has 4 warning signs investors should review.

As of today (2026-07-16), Rolling Optics Holding AB's current share price is kr0.225. Rolling Optics Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was kr1.43. Rolling Optics Holding AB's Cyclically Adjusted PB Ratio for today is 0.16.

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

OSTO:RO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.1   Max: 0.28
Current: 0.17

During the past years, Rolling Optics Holding AB's highest Cyclically Adjusted PB Ratio was 0.28. The lowest was 0.05. And the median was 0.10.

OSTO:RO's Cyclically Adjusted PB Ratio is not ranked
in the Hardware industry.
Industry Median: 2.15 vs OSTO:RO: 0.17

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.

Rolling Optics Holding AB's adjusted book value per share data for the three months ended in Dec. 2025 was kr0.251. 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 kr1.43 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rolling Optics Holding AB  (OSTO:RO) 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.


Rolling Optics Holding AB Cyclically Adjusted PB Ratio Related Terms


Rolling Optics Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rolling Optics Holding 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.

Rolling Optics Holding AB Cyclically Adjusted PB Ratio Chart

Rolling Optics Holding 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 0.07 0.07 0.09 0.12 0.17

Rolling Optics Holding AB Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.12 0.13 0.14 0.15 0.17

OSTO:RO vs GRMN, COHR, KEYS: Cyclically Adjusted PB Ratio Comparison

For the Scientific & Technical Instruments subindustry, Rolling Optics Holding 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.


Rolling Optics Holding AB Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


OSTO:RO
30GF Score
Rolling Optics Holding AB OSTO:RO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rolling Optics Holding 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.

Rolling Optics Holding AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.225/1.43
=0.16

* 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.

Rolling Optics Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Rolling Optics Holding AB's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.251/133.3900*133.3900
=0.251

Current CPI (Dec. 2025) = 133.3900.

Rolling Optics Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201603 42.567 100.751 56.357
201606 42.164 101.019 55.675
201609 29.854 101.138 39.374
201612 33.376 102.022 43.638
201703 33.740 102.022 44.114
201706 32.626 102.752 42.354
201709 28.207 103.279 36.431
201712 27.671 103.793 35.562
201803 16.844 103.962 21.612
201806 12.141 104.875 15.442
201809 11.935 105.679 15.065
201812 8.783 105.912 11.062
201903 9.310 105.886 11.728
201906 9.433 106.742 11.788
201909 10.128 107.214 12.601
201912 1.489 107.766 1.843
202003 10.166 106.563 12.725
202006 0.564 107.498 0.700
202009 0.542 107.635 0.672
202012 0.640 108.296 0.788
202103 0.654 108.360 0.805
202106 0.634 108.928 0.776
202109 0.614 110.338 0.742
202112 0.582 112.486 0.690
202203 0.750 114.825 0.871
202206 0.522 118.384 0.588
202209 0.499 122.296 0.544
202212 0.486 126.365 0.513
202303 0.464 127.042 0.487
202306 0.251 129.407 0.259
202309 0.241 130.224 0.247
202312 0.325 131.912 0.329
202403 0.309 132.205 0.312
202406 0.321 132.716 0.323
202409 0.308 132.304 0.311
202412 0.309 132.987 0.310
202503 0.317 132.825 0.318
202506 0.297 133.699 0.296
202509 0.270 133.480 0.270
202512 0.251 133.390 0.251

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 0.16 mean?
Rolling Optics Holding AB (OSTO:RO) has a Cyclically Adjusted PB Ratio of 0.16 as of Jul. 16, 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 Rolling Optics Holding AB and its competitors. This is 60% above median its historical median of 0.10. Over the past decade, Rolling Optics Holding AB's Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.28.
Is Rolling Optics Holding AB's Cyclically Adjusted PB Ratio too high?
Rolling Optics Holding AB's current Cyclically Adjusted PB Ratio of 0.16 is 60% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.28. The Hardware industry median Cyclically Adjusted PB Ratio is 2.15. Rolling Optics Holding AB's value of 0.16 is 92.6% below this industry median. Overall, Rolling Optics Holding AB has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Rolling Optics Holding AB's Cyclically Adjusted PB Ratio compare to GRMN and COHR?
Rolling Optics Holding AB's Cyclically Adjusted PB Ratio of 0.16 can be compared against companies in the Hardware industry. The industry median Cyclically Adjusted PB Ratio is 2.15. Rolling Optics Holding AB's value of 0.16 is 92.6% below this benchmark. Historically, Rolling Optics Holding AB's own Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.28 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 2.15, Rolling Optics Holding 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.15, based on 1,984 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. Rolling Optics Holding AB's current Cyclically Adjusted PB Ratio of 0.16 is 92.6% 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 Rolling Optics Holding AB and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rolling Optics Holding AB's current Cyclically Adjusted PB Ratio is 0.16, which is 60% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rolling Optics Holding AB stock overvalued right now?
Rolling Optics Holding AB (OSTO:RO) has a current Cyclically Adjusted PB Ratio of 0.16. The stock's GF Value™ is kr0.78, compared to a current price of kr0.23 — trading 71.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.16, which is 60% above median its 10-year median of 0.10 and 92.6% below the Hardware industry median of 2.15. Rolling Optics Holding AB's overall GF Score™ is 30/100 with 4 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 Rolling Optics Holding AB (OSTO:RO), the current Cyclically Adjusted PB Ratio is 0.16 as of Jul. 16, 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 Rolling Optics Holding AB (OSTO:RO) Overvalued in 2026?

Based on GuruFocus' analysis, Rolling Optics Holding AB stock appears to be undervalued. The current stock price of kr0.23 is trading 71.2% below its estimated GF Value™ of kr0.78.

Key valuation signals for OSTO:RO:

  • Cyclically Adjusted PB Ratio: 0.16 (60% above median its 10-year median of 0.10)
  • GF Value™: kr0.78 vs. price of kr0.23 (71.2% below fair value)
  • GF Score™: 30/100 with 4 warning signs
  • Industry Position: 92.6% below the Hardware median

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


Rolling Optics Holding AB Business Description

Address Strandvag 3, Solna, Stockholm, SWE, 171 54
Rolling Optics Holding AB is engaged in the business of supplying micro optical security materials and anti-counterfeit solutions for brand protection. The company operates in two areas - Brand Security, which protects companies and brands from counterfeits and High Security, which includes bank notes, ID cards and passports.
30GF Score

Get the complete analysis for OSTO:RO

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

kr0.23
Price
kr0.78
GF Value