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Traction AB (OSTO:TRAC B) Cyclically Adjusted PB Ratio : 1.09 (As of Jun. 05, 2025)


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What is Traction AB Cyclically Adjusted PB Ratio?

As of today (2025-06-05), Traction AB's current share price is kr273.00. Traction AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr249.38. Traction AB's Cyclically Adjusted PB Ratio for today is 1.09.

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

OSTO:TRAC B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.24   Max: 2.12
Current: 1.1

During the past years, Traction AB's highest Cyclically Adjusted PB Ratio was 2.12. The lowest was 0.96. And the median was 1.24.

OSTO:TRAC B's Cyclically Adjusted PB Ratio is ranked worse than
70.8% of 952 companies
in the Asset Management industry
Industry Median: 0.805 vs OSTO:TRAC B: 1.10

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.

Traction AB's adjusted book value per share data for the three months ended in Mar. 2025 was kr291.156. 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 kr249.38 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Traction AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Traction 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.

Traction AB Cyclically Adjusted PB Ratio Chart

Traction 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 1.20 1.57 0.99 1.03 1.06

Traction 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 1.13 1.05 1.14 1.06 1.07

Competitive Comparison of Traction AB's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Traction 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.


Traction AB's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Traction AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Traction 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=273.00/249.38
=1.09

* 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.

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

For example, Traction 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)
=291.156/132.8245*132.8245
=291.156

Current CPI (Mar. 2025) = 132.8245.

Traction AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 147.086 99.995 195.376
201509 141.907 100.228 188.059
201512 142.995 100.276 189.410
201603 146.315 100.751 192.893
201606 142.556 101.019 187.439
201609 158.945 101.138 208.743
201612 167.539 102.022 218.123
201703 178.911 102.022 232.929
201706 195.301 102.752 252.459
201709 195.794 103.279 251.806
201712 185.970 103.793 237.988
201803 188.418 103.962 240.728
201806 193.022 104.875 244.464
201809 202.535 105.679 254.560
201812 178.391 105.912 223.721
201903 185.970 105.886 233.282
201906 197.857 106.742 246.205
201909 171.567 107.214 212.550
201912 202.914 107.766 250.097
202003 158.134 106.563 197.105
202006 165.193 107.498 204.113
202009 183.469 107.635 226.405
202012 197.458 108.296 242.182
202103 231.318 108.360 283.544
202106 240.108 108.928 292.784
202109 253.462 110.338 305.116
202112 286.308 112.486 338.075
202203 285.010 114.825 329.686
202206 255.213 118.384 286.345
202209 241.339 122.296 262.116
202212 255.916 126.365 268.997
202303 270.183 127.042 282.481
202306 259.601 129.407 266.458
202309 245.409 130.224 250.311
202312 265.362 131.912 267.198
202403 274.037 132.205 275.320
202406 278.141 132.716 278.368
202409 278.878 132.304 279.975
202412 287.174 132.987 286.823
202503 291.156 132.825 291.156

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.


Traction AB  (OSTO:TRAC 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.


Traction AB Cyclically Adjusted PB Ratio Related Terms

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


Traction AB Business Description

Traded in Other Exchanges
N/A
Address
Birger Jarlsgatan 33, Box 3314, Stockholm, SWE, 103 66
Traction AB is a Sweden-based investment company engaged in the long-term business development of wholly and partially owned companies. Its core objective is to realize a good return on capital. Its activities are divided into three business divisions: Customer relationships, providing customer-focused business models; Capital flows, offering cost control; and Risk management, including sharing and reducing risk factors. Traction AB invests in listed active holdings, such as BE Group, Drillcon, Duroc, Hifab Group, Nordic Camping and Resort, OEM International, PartnerTech, Softronic, and SwitchCore, as well as in unlisted active entities, including Banking Automation, Modular Streams, Recco Holding, and Silicon.

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