Svenska Cellulosa AB (OSTO:SCA B) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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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:SCA B Svenska Cellulosa AB OSTO:SCA B
79 GF Score
Price kr120.45
GF Value kr142.11
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Svenska Cellulosa AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Svenska Cellulosa AB  (OSTO:SCA 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.


Svenska Cellulosa AB Cyclically Adjusted PB Ratio Related Terms


Svenska Cellulosa AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Svenska Cellulosa 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.

Svenska Cellulosa AB Cyclically Adjusted PB Ratio Chart

Svenska Cellulosa 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 1.59 1.14 1.22 1.12 0.97

Svenska Cellulosa 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 1.01 1.02 1.01 0.89 0.81

OSTO:SCA B vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Svenska Cellulosa 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.


Svenska Cellulosa AB Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Svenska Cellulosa AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:SCA B
79GF Score
Svenska Cellulosa AB OSTO:SCA B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Svenska Cellulosa 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.

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

For example, Svenska Cellulosa 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)
=144.081/134.6100*134.6100
=144.081

Current CPI (Jun. 2026) = 134.6100.

Svenska Cellulosa AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 105.816 101.138 140.837
201612 113.220 102.022 149.386
201703 118.684 102.022 156.595
201706 50.851 102.752 66.617
201709 51.459 103.279 67.070
201712 52.329 103.793 67.866
201803 51.604 103.962 66.817
201806 52.917 104.875 67.921
201809 54.661 105.679 69.625
201812 55.617 105.912 70.687
201903 54.993 105.886 69.911
201906 55.984 106.742 70.601
201909 57.076 107.214 71.661
201912 97.545 107.766 121.843
202003 97.176 106.563 122.753
202006 98.791 107.498 123.707
202009 98.200 107.635 122.810
202012 102.746 108.296 127.712
202103 104.552 108.360 129.880
202106 106.113 108.928 131.132
202109 108.426 110.338 132.277
202112 118.254 112.486 141.513
202203 117.673 114.825 137.948
202206 122.644 118.384 139.454
202209 127.167 122.296 139.971
202212 137.195 126.365 146.146
202303 136.721 127.042 144.866
202306 137.943 129.407 143.490
202309 138.418 130.224 143.081
202312 148.480 131.912 151.517
202403 147.138 132.205 149.814
202406 147.963 132.716 150.075
202409 149.356 132.304 151.959
202412 148.126 132.987 149.934
202503 149.497 132.825 151.507
202506 147.488 133.699 148.493
202509 148.766 133.480 150.025
202512 144.546 133.380 145.879
202603 142.569 133.550 143.701
202606 144.081 134.610 144.081

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 Svenska Cellulosa AB (OSTO:SCA B) Overvalued in 2026?

Based on GuruFocus' analysis, Svenska Cellulosa AB stock appears to be undervalued. The current stock price of kr120.45 is trading 15.2% below its estimated GF Value™ of kr142.11. GuruFocus considers Svenska Cellulosa AB to be Modestly Undervalued.

Key valuation signals for OSTO:SCA B:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr142.11 vs. price of kr120.45 (15.2% below fair value)
  • GF Score™: 79/100 with 8 warning signs

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


Svenska Cellulosa AB Business Description

Address Skepparplatsen 1, Sundsvall, SWE, SE-851 88
Svenska Cellulosa AB is Europe's private forest owner, engaged in different business segments such as the Forest segment, which generates key revenue, and supplies its industries with timber. The Wood segment includes five sawmills in northern Sweden and wood processing and distribution to the building materials trade in Sweden and France, The Pulp segment encompasses the production and sale of bleached softwood kraft pulp (NBSK) and chemi-thermomechanical pulp (CTMP), which are produced at the Ostrand pulp mill, The Containerboard segment includes packaging paper with kraft liner manufacturing at the Obbola and Munksund paper mills, and The Renewable Energy segment which encompasses production and sales of processed and unprocessed biofuels as well as liquid biofuels.
79GF Score

Get the complete analysis for OSTO:SCA B

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

kr120.45
Price
kr142.11
GF Value