Vo2 Cap Holding AB (OSTO:VO2) Cyclically Adjusted PB Ratio: 0.11 (As of Aug. 07, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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:VO2 Vo2 Cap Holding AB OSTO:VO2
54 GF Score
Price kr1.94
GF Value kr2.21
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Vo2 Cap Holding AB Cyclically Adjusted PB Ratio?

Vo2 Cap Holding AB OSTO:VO2 -1.02% 54 Cyclically Adjusted PB Ratio is 0.11 as of Aug. 07, 2026, which is at its 10-year median of 0.11. GuruFocus rates OSTO:VO2 with a GF Score™ of 54/100 and a GF Value™ of kr2.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,012 Asset Management companies, Vo2 Cap Holding AB ranks better than 95.85% on this metric.

As of today (2026-08-07), Vo2 Cap Holding AB's current share price is kr1.935. Vo2 Cap Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr17.95. Vo2 Cap Holding AB's Cyclically Adjusted PB Ratio for today is 0.11.

The historical rank and industry rank for Vo2 Cap Holding AB's Cyclically Adjusted PB Ratio or its related term are showing as below:

OSTO:VO2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.11   Max: 0.12
Current: 0.11

During the past years, Vo2 Cap Holding AB's highest Cyclically Adjusted PB Ratio was 0.12. The lowest was 0.11. And the median was 0.11.

OSTO:VO2's Cyclically Adjusted PB Ratio is ranked better than
95.85% of 1012 companies
in the Asset Management industry
Industry Median: 0.855 vs OSTO:VO2: 0.11

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.

Vo2 Cap Holding AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr3.036. 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 kr17.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vo2 Cap Holding AB  (OSTO:VO2) 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.


Vo2 Cap Holding AB Cyclically Adjusted PB Ratio Related Terms


Vo2 Cap Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vo2 Cap 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.

Vo2 Cap Holding AB Cyclically Adjusted PB Ratio Chart

Vo2 Cap 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 0.00 0.00 0.00 0.00 0.00

Vo2 Cap Holding 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 0.00 0.00 0.00 0.00 0.12

OSTO:VO2 vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Vo2 Cap 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.


Vo2 Cap Holding AB Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Vo2 Cap Holding AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vo2 Cap Holding AB's Cyclically Adjusted PB Ratio falls into.


OSTO:VO2
54GF Score
Vo2 Cap Holding AB OSTO:VO2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vo2 Cap 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.

Vo2 Cap Holding AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.935/17.95
=0.11

* 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.

Vo2 Cap Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Vo2 Cap Holding 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)
=3.036/134.6100*134.6100
=3.036

Current CPI (Jun. 2026) = 134.6100.

Vo2 Cap Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.000 100.968 0.000
201612 0.000 102.022 0.000
201703 64.373 102.022 84.936
201706 42.173 102.752 55.248
201709 28.863 103.279 37.619
201712 16.708 103.793 21.669
201803 2.209 103.962 2.860
201806 -1.956 104.875 -2.511
201809 14.010 105.679 17.845
201812 -1.207 105.912 -1.534
201903 -6.032 105.886 -7.668
201906 -6.590 106.742 -8.311
201909 -2.087 107.214 -2.620
201912 -2.126 107.766 -2.656
202003 0.009 106.563 0.011
202006 -0.791 107.498 -0.990
202009 -1.497 107.635 -1.872
202012 0.250 108.296 0.311
202103 4.943 108.360 6.140
202106 4.706 108.928 5.816
202109 2.313 110.338 2.822
202112 3.231 112.486 3.866
202203 3.259 114.825 3.821
202206 3.613 118.384 4.108
202209 3.658 122.296 4.026
202212 3.984 126.365 4.244
202303 3.962 127.042 4.198
202306 4.161 129.407 4.328
202309 4.209 130.224 4.351
202312 4.201 131.912 4.287
202403 4.135 132.205 4.210
202406 4.032 132.716 4.090
202409 3.164 132.304 3.219
202412 3.210 132.987 3.249
202503 3.238 132.825 3.282
202506 2.831 133.699 2.850
202509 2.880 133.480 2.904
202512 3.050 133.390 3.078
202603 3.030 133.560 3.054
202606 3.036 134.610 3.036

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 0.11 mean?
Vo2 Cap Holding AB (OSTO:VO2) has a Cyclically Adjusted PB Ratio of 0.11 as of Aug. 07, 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 Vo2 Cap Holding AB and its competitors. This is near median its historical median of 0.11. Over the past decade, Vo2 Cap Holding AB's Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.12. According to the industry distribution chart, Vo2 Cap Holding AB ranks #42 out of 1012 companies in the Asset Management industry, placing it in the top 4.2%.
Is Vo2 Cap Holding AB's Cyclically Adjusted PB Ratio too high?
Vo2 Cap Holding AB's current Cyclically Adjusted PB Ratio of 0.11 is near median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.12. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. Vo2 Cap Holding AB's value of 0.11 is 87.1% below this industry median. Based on the distribution chart, Vo2 Cap Holding AB ranks #42 out of 1012 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Vo2 Cap Holding AB has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vo2 Cap Holding AB's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Vo2 Cap Holding AB ranks #42 out of 1012 companies for Cyclically Adjusted PB Ratio. This places Vo2 Cap Holding AB in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.86. Vo2 Cap Holding AB's value of 0.11 is 87.1% below this benchmark. Historically, Vo2 Cap Holding AB's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.12 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.86, Vo2 Cap 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.86, based on 1,012 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. Vo2 Cap Holding AB's current Cyclically Adjusted PB Ratio of 0.11 is 87.1% 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 Vo2 Cap Holding AB and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vo2 Cap Holding AB's current Cyclically Adjusted PB Ratio is 0.11, which is near median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vo2 Cap Holding AB stock overvalued right now?
Based on GuruFocus' analysis, Vo2 Cap Holding AB (OSTO:VO2) is currently considered Modestly Undervalued. The stock's GF Value™ is kr2.21, compared to a current price of kr1.94 — trading 12.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.11, which is near median its 10-year median of 0.11 and 87.1% below the Asset Management industry median of 0.86. Vo2 Cap Holding AB's overall GF Score™ is 54/100 with 3 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 Vo2 Cap Holding AB (OSTO:VO2), the current Cyclically Adjusted PB Ratio is 0.11 as of Aug. 07, 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 Vo2 Cap Holding AB (OSTO:VO2) Overvalued in 2026?

Based on GuruFocus' analysis, Vo2 Cap Holding AB stock appears to be undervalued. The current stock price of kr1.94 is trading 12.4% below its estimated GF Value™ of kr2.21. GuruFocus considers Vo2 Cap Holding AB to be Modestly Undervalued.

Key valuation signals for OSTO:VO2:

  • Cyclically Adjusted PB Ratio: 0.11 (near median its 10-year median of 0.11)
  • GF Value™: kr2.21 vs. price of kr1.94 (12.4% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 87.1% below the Asset Management median (#42 of 1012)

No single metric tells the full story. See the OSTO:VO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vo2 Cap Holding AB Business Description

Address Jakobsbergsgatan 16, Convendum, Stockholm, SWE, 1111 44
Vo2 Cap Holding AB is the next generation holding company for the media tech industry. It acquires, invests and injects Oxygen into companies.
54GF Score

Get the complete analysis for OSTO:VO2

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

kr1.94
Price
kr2.21
GF Value