Scandinavian Enviro Systems AB (OSTO:SES) Cyclically Adjusted PB Ratio: 0.33 (As of Aug. 01, 2026) — 75% Below 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:SES Scandinavian Enviro Systems AB OSTO:SES
53 GF Score
Price kr0.19
GF Value kr0.12
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Scandinavian Enviro Systems AB Cyclically Adjusted PB Ratio?

Scandinavian Enviro Systems AB OSTO:SES -2.43% 53 Cyclically Adjusted PB Ratio is 0.33 as of Aug. 01, 2026, which is 75% below its 10-year median of 1.34. GuruFocus rates OSTO:SES with a GF Score™ of 53/100 and a GF Value™ of kr0.12 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 160 Waste Management companies, Scandinavian Enviro Systems AB ranks better than 84.37% on this metric.

As of today (2026-08-01), Scandinavian Enviro Systems AB's current share price is kr0.193. Scandinavian Enviro Systems AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr0.59. Scandinavian Enviro Systems AB's Cyclically Adjusted PB Ratio for today is 0.33.

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

OSTO:SES' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 1.34   Max: 2.11
Current: 0.34

During the past years, Scandinavian Enviro Systems AB's highest Cyclically Adjusted PB Ratio was 2.11. The lowest was 0.17. And the median was 1.34.

OSTO:SES's Cyclically Adjusted PB Ratio is ranked better than
84.37% of 160 companies
in the Waste Management industry
Industry Median: 1.57 vs OSTO:SES: 0.34

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.

Scandinavian Enviro Systems AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr0.107. 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 kr0.59 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Scandinavian Enviro Systems AB  (OSTO:SES) 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.


Scandinavian Enviro Systems AB Cyclically Adjusted PB Ratio Related Terms


Scandinavian Enviro Systems AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Scandinavian Enviro 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.

Scandinavian Enviro Systems AB Cyclically Adjusted PB Ratio Chart

Scandinavian Enviro 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 0.00 0.00 1.36 1.85 1.17

Scandinavian Enviro 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 1.01 1.38 1.17 0.41 0.43

OSTO:SES vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Scandinavian Enviro 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.


Scandinavian Enviro Systems AB Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Scandinavian Enviro Systems AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:SES
53GF Score
Scandinavian Enviro Systems AB OSTO:SES
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scandinavian Enviro 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.

Scandinavian Enviro Systems AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.193/0.59
=0.33

* 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.

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

For example, Scandinavian Enviro 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)
=0.107/134.1100*134.1100
=0.107

Current CPI (Jun. 2026) = 134.1100.

Scandinavian Enviro Systems AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.444 101.138 1.915
201612 1.124 102.022 1.478
201703 1.050 102.022 1.380
201706 0.980 102.752 1.279
201709 0.909 103.279 1.180
201712 0.847 103.793 1.094
201803 0.779 103.962 1.005
201806 0.726 104.875 0.928
201809 0.667 105.679 0.846
201812 1.043 105.912 1.321
201903 0.420 105.886 0.532
201906 0.387 106.742 0.486
201909 0.490 107.214 0.613
201912 0.334 107.766 0.416
202003 0.310 106.563 0.390
202006 0.283 107.498 0.353
202009 0.261 107.635 0.325
202012 0.238 108.296 0.295
202103 0.218 108.360 0.270
202106 0.233 108.928 0.287
202109 0.213 110.338 0.259
202112 0.338 112.486 0.403
202203 0.311 114.825 0.363
202206 0.280 118.384 0.317
202209 0.251 122.296 0.275
202212 0.213 126.365 0.226
202303 0.177 127.042 0.187
202306 0.456 129.407 0.473
202309 0.433 130.224 0.446
202312 0.404 131.912 0.411
202403 0.441 132.205 0.447
202406 0.478 132.716 0.483
202409 0.502 132.304 0.509
202412 0.469 132.987 0.473
202503 0.441 132.825 0.445
202506 0.500 133.699 0.502
202509 0.477 133.480 0.479
202512 0.206 133.390 0.207
202603 0.133 133.560 0.134
202606 0.107 134.110 0.107

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 0.33 mean?
Scandinavian Enviro Systems AB (OSTO:SES) has a Cyclically Adjusted PB Ratio of 0.33 as of Aug. 01, 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 Scandinavian Enviro Systems AB and its competitors. This is 75% below median its historical median of 1.34. Over the past decade, Scandinavian Enviro Systems AB's Cyclically Adjusted PB Ratio has ranged from 0.17 to 2.11. According to the industry distribution chart, Scandinavian Enviro Systems AB ranks #25 out of 160 companies in the Waste Management industry, placing it in the top 15.6%.
Is Scandinavian Enviro Systems AB's Cyclically Adjusted PB Ratio too high?
Scandinavian Enviro Systems AB's current Cyclically Adjusted PB Ratio of 0.33 is 75% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 2.11. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.57. Scandinavian Enviro Systems AB's value of 0.33 is 79% below this industry median. Based on the distribution chart, Scandinavian Enviro Systems AB ranks #25 out of 160 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Scandinavian Enviro Systems AB has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Enviro Systems AB's Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Scandinavian Enviro Systems AB ranks #25 out of 160 companies for Cyclically Adjusted PB Ratio. This places Scandinavian Enviro Systems AB in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.57. Scandinavian Enviro Systems AB's value of 0.33 is 79% below this benchmark. Historically, Scandinavian Enviro Systems AB's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 2.11 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.57, Scandinavian Enviro Systems 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 Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.57, based on 160 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. Scandinavian Enviro Systems AB's current Cyclically Adjusted PB Ratio of 0.33 is 79% 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 Scandinavian Enviro Systems AB and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Enviro Systems AB's current Cyclically Adjusted PB Ratio is 0.33, which is 75% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Enviro Systems AB stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Enviro Systems AB (OSTO:SES) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.12, compared to a current price of kr0.19 — trading 60.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.33, which is 75% below median its 10-year median of 1.34 and 79% below the Waste Management industry median of 1.57. Scandinavian Enviro Systems AB's overall GF Score™ is 53/100 with 5 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 Scandinavian Enviro Systems AB (OSTO:SES), the current Cyclically Adjusted PB Ratio is 0.33 as of Aug. 01, 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 Scandinavian Enviro Systems AB (OSTO:SES) Overvalued in 2026?

Based on GuruFocus' analysis, Scandinavian Enviro Systems AB stock appears to be overvalued. The current stock price of kr0.19 is trading 60.8% above its estimated GF Value™ of kr0.12. GuruFocus considers Scandinavian Enviro Systems AB to be Significantly Overvalued.

Key valuation signals for OSTO:SES:

  • Cyclically Adjusted PB Ratio: 0.33 (75% below median its 10-year median of 1.34)
  • GF Value™: kr0.12 vs. price of kr0.19 (60.8% above fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 79% below the Waste Management median (#25 of 160)

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


Scandinavian Enviro Systems AB Business Description

Other Exchanges 1HR:Germany
Address Frihamnen 16B, Gothenburg, SWE, 417 70
Scandinavian Enviro Systems AB functions as a recycling company in Sweden. Its technology enables changing the chemical composition and the physical phase of the tire material during the process. The company operates recycling facilities for recovering carbon black, oil, steel, and gas from waste tires.
53GF Score

Get the complete analysis for OSTO:SES

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

kr0.19
Price
kr0.12
GF Value