Unlimited Travel Group AB (OSTO:UTG) Cyclically Adjusted PB Ratio: 6.69 (As of Sep. 03, 2026) — 190% Above Median

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OSTO:UTG Unlimited Travel Group AB OSTO:UTG
73 GF Score
Price kr22.40
GF Value kr20.80
Valuation Fairly Valued
! 4 Warning Signs
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What is Unlimited Travel Group AB Cyclically Adjusted PB Ratio?

Unlimited Travel Group AB OSTO:UTG -0.44% 73 Cyclically Adjusted PB Ratio is 6.69 as of Sep. 03, 2026, which is 190% above its 10-year median of 2.31. GuruFocus rates OSTO:UTG with a GF Score™ of 73/100 and a GF Value™ of kr20.80 (Fairly Valued). The stock has 4 warning signs investors should review. Among 600 Travel & Leisure companies, Unlimited Travel Group AB ranks worse than 91% on this metric.

As of today (2026-09-03), Unlimited Travel Group AB's current share price is kr22.40. Unlimited Travel Group AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr3.35. Unlimited Travel Group AB's Cyclically Adjusted PB Ratio for today is 6.69.

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

OSTO:UTG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 2.31   Max: 7.31
Current: 6.58

During the past years, Unlimited Travel Group AB's highest Cyclically Adjusted PB Ratio was 7.31. The lowest was 0.85. And the median was 2.31.

OSTO:UTG's Cyclically Adjusted PB Ratio is ranked worse than
91% of 600 companies
in the Travel & Leisure industry
Industry Median: 1.175 vs OSTO:UTG: 6.58

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.

Unlimited Travel Group AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr3.115. 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 kr3.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Unlimited Travel Group AB  (OSTO:UTG) 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.


Unlimited Travel Group AB Cyclically Adjusted PB Ratio Related Terms


Unlimited Travel Group AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Unlimited Travel Group 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.

Unlimited Travel Group AB Cyclically Adjusted PB Ratio Chart

Unlimited Travel Group 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 1.64 2.17 1.91 3.67 6.43

Unlimited Travel Group 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 4.67 6.25 6.43 5.59 6.91

OSTO:UTG vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Unlimited Travel Group 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.


Unlimited Travel Group AB Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Unlimited Travel Group AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:UTG
73GF Score
Unlimited Travel Group AB OSTO:UTG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unlimited Travel Group 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.

Unlimited Travel Group AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.40/3.35
=6.69

* 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.

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

For example, Unlimited Travel Group 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)
=3.115/134.6100*134.6100
=3.115

Current CPI (Jun. 2026) = 134.6100.

Unlimited Travel Group AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.765 101.138 7.673
201612 6.705 102.022 8.847
201703 5.689 102.022 7.506
201706 2.879 102.752 3.772
201709 4.086 103.279 5.326
201712 4.739 103.793 6.146
201803 3.918 103.962 5.073
201806 3.591 104.875 4.609
201809 4.528 105.679 5.768
201812 4.676 105.912 5.943
201903 3.899 105.886 4.957
201906 3.252 106.742 4.101
201909 5.087 107.214 6.387
201912 5.022 107.766 6.273
202003 4.031 106.563 5.092
202006 2.499 107.498 3.129
202009 0.338 107.635 0.423
202012 -1.158 108.296 -1.439
202103 0.973 108.360 1.209
202106 0.371 108.928 0.458
202109 -0.017 110.338 -0.021
202112 0.326 112.486 0.390
202203 0.207 114.825 0.243
202206 0.531 118.384 0.604
202209 1.175 122.296 1.293
202212 1.953 126.365 2.080
202303 1.543 127.042 1.635
202306 1.749 129.407 1.819
202309 2.131 130.224 2.203
202312 3.009 131.912 3.071
202403 2.706 132.205 2.755
202406 1.928 132.716 1.956
202409 2.397 132.304 2.439
202412 2.718 132.987 2.751
202503 3.024 132.825 3.065
202506 2.692 133.699 2.710
202509 3.266 133.480 3.294
202512 3.782 133.390 3.817
202603 3.311 133.560 3.337
202606 3.115 134.610 3.115

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 6.69 mean?
Unlimited Travel Group AB (OSTO:UTG) has a Cyclically Adjusted PB Ratio of 6.69 as of Sep. 03, 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 Unlimited Travel Group AB and its competitors. This is 190% above median its historical median of 2.31. Over the past decade, Unlimited Travel Group AB's Cyclically Adjusted PB Ratio has ranged from 0.85 to 7.31. According to the industry distribution chart, Unlimited Travel Group AB ranks #546 out of 600 companies in the Travel & Leisure industry, placing it in the top 91%.
Is Unlimited Travel Group AB's Cyclically Adjusted PB Ratio too high?
Unlimited Travel Group AB's current Cyclically Adjusted PB Ratio of 6.69 is 190% above median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 7.31. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.18. Unlimited Travel Group AB's value of 6.69 is 469.4% above this industry median. Based on the distribution chart, Unlimited Travel Group AB ranks #546 out of 600 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Unlimited Travel Group AB has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Unlimited Travel Group AB's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Unlimited Travel Group AB ranks #546 out of 600 companies for Cyclically Adjusted PB Ratio. This places Unlimited Travel Group AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Unlimited Travel Group AB's value of 6.69 is 469.4% above this benchmark. Historically, Unlimited Travel Group AB's own Cyclically Adjusted PB Ratio has ranged from 0.85 to 7.31 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 1.18, Unlimited Travel Group AB has consistently been above 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.18, based on 600 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. Unlimited Travel Group AB's current Cyclically Adjusted PB Ratio of 6.69 is 469.4% above 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 Unlimited Travel Group AB and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unlimited Travel Group AB's current Cyclically Adjusted PB Ratio is 6.69, which is 190% above median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unlimited Travel Group AB stock overvalued right now?
Based on GuruFocus' analysis, Unlimited Travel Group AB (OSTO:UTG) is currently considered Fairly Valued. The stock's GF Value™ is kr20.80, compared to a current price of kr22.40 — trading 7.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.69, which is 190% above median its 10-year median of 2.31 and 469.4% above the Travel & Leisure industry median of 1.18. Unlimited Travel Group AB's overall GF Score™ is 73/100 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 Unlimited Travel Group AB (OSTO:UTG), the current Cyclically Adjusted PB Ratio is 6.69 as of Sep. 03, 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 Unlimited Travel Group AB (OSTO:UTG) Overvalued in 2026?

Based on GuruFocus' analysis, Unlimited Travel Group AB stock appears to be overvalued. The current stock price of kr22.40 is trading 7.7% above its estimated GF Value™ of kr20.80. GuruFocus considers Unlimited Travel Group AB to be Fairly Valued.

Key valuation signals for OSTO:UTG:

  • Cyclically Adjusted PB Ratio: 6.69 (190% above median its 10-year median of 2.31)
  • GF Value™: kr20.80 vs. price of kr22.40 (7.7% above fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 469.4% above the Travel & Leisure median (#546 of 600)

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


Unlimited Travel Group AB Business Description

Other Exchanges 7KC:Germany
Address Norrtullsgatan 12A, Stockholm, SWE, 113 27
Unlimited Travel Group AB is a group of niche travel and event companies. The operation comprises owning, starting, developing and acquiring small and medium sized travel and event companies that are specialized, independent and driven by entrepreneurs. Its activities consist of conducting travel agency operations, arranging travel arrangements, corporate events and related activities.
73GF Score

Get the complete analysis for OSTO:UTG

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

kr22.40
Price
kr20.80
GF Value