PNDXF (Pandox AB) Cyclically Adjusted PB Ratio: 1.06 (As of Aug. 15, 2026) — Near Median

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PNDXF Pandox AB PNDXF
71 GF Score
Price $19.22
GF Value $21.25
! 7 Warning Signs
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What is Pandox AB Cyclically Adjusted PB Ratio?

Pandox AB PNDXF -4.22% 71 Cyclically Adjusted PB Ratio is 1.06 as of Aug. 15, 2026, which is 5% below its 10-year median of 1.12. GuruFocus rates PNDXF with a GF Score™ of 71/100 and a GF Value™ of $21.25. The stock has 7 warning signs investors should review. Among 1,401 Real Estate companies, Pandox AB ranks worse than 66.52% on this metric.

As of today (2026-08-15), Pandox AB's current share price is $19.2221. Pandox AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $18.21. Pandox AB's Cyclically Adjusted PB Ratio for today is 1.06.

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

PNDXF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.12   Max: 1.41
Current: 1.06

During the past years, Pandox AB's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 0.73. And the median was 1.12.

PNDXF's Cyclically Adjusted PB Ratio is ranked worse than
66.52% of 1401 companies
in the Real Estate industry
Industry Median: 0.69 vs PNDXF: 1.06

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.

Pandox AB's adjusted book value per share data for the three months ended in Jun. 2026 was $18.700. 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 $18.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pandox AB  (OTCPK:PNDXF) 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.


Pandox AB Cyclically Adjusted PB Ratio Related Terms


Pandox AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pandox 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.

Pandox AB Cyclically Adjusted PB Ratio Chart

Pandox 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 1.02 1.26 1.28

Pandox 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 1.07 1.14 1.28 1.11 1.06

PNDXF vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Pandox 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.


Pandox AB Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Pandox AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PNDXF
71GF Score
Pandox AB PNDXF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pandox 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.2221/18.21
=1.06

* 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.

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

For example, Pandox 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)
=18.7/134.6100*134.6100
=18.700

Current CPI (Jun. 2026) = 134.6100.

Pandox AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.386 101.138 13.823
201612 10.400 102.022 13.722
201703 10.718 102.022 14.142
201706 11.594 102.752 15.189
201709 12.996 103.279 16.939
201712 13.406 103.793 17.386
201803 14.500 103.962 18.775
201806 13.683 104.875 17.563
201809 13.876 105.679 17.675
201812 14.134 105.912 17.964
201903 14.225 105.886 18.084
201906 14.117 106.742 17.803
201909 13.675 107.214 17.169
201912 15.195 107.766 18.980
202003 14.497 106.563 18.313
202006 14.606 107.498 18.290
202009 15.321 107.635 19.161
202012 15.531 108.296 19.305
202103 15.624 108.360 19.409
202106 15.727 108.928 19.435
202109 15.555 110.338 18.977
202112 15.087 112.486 18.054
202203 15.052 114.825 17.646
202206 15.333 118.384 17.435
202209 15.110 122.296 16.631
202212 16.106 126.365 17.157
202303 15.929 127.042 16.878
202306 15.982 129.407 16.625
202309 15.468 130.224 15.989
202312 15.681 131.912 16.002
202403 16.134 132.205 16.427
202406 15.885 132.716 16.112
202409 16.313 132.304 16.597
202412 15.684 132.987 15.875
202503 16.295 132.825 16.514
202506 17.514 133.699 17.633
202509 17.902 133.480 18.054
202512 18.650 133.390 18.821
202603 19.169 133.560 19.320
202606 18.700 134.610 18.700

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 1.06 mean?
Pandox AB (PNDXF) has a Cyclically Adjusted PB Ratio of 1.06 as of Aug. 15, 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 Pandox AB and its competitors. This is near median its historical median of 1.12. Over the past decade, Pandox AB's Cyclically Adjusted PB Ratio has ranged from 0.73 to 1.41. According to the industry distribution chart, Pandox AB ranks #932 out of 1401 companies in the Real Estate industry, placing it in the top 66.5%.
Is Pandox AB's Cyclically Adjusted PB Ratio too high?
Pandox AB's current Cyclically Adjusted PB Ratio of 1.06 is near median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 1.41. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Pandox AB's value of 1.06 is 53.6% above this industry median. Based on the distribution chart, Pandox AB ranks #932 out of 1401 companies in the Real Estate industry, which is below the industry midpoint. Overall, Pandox AB has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Pandox AB's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Pandox AB ranks #932 out of 1401 companies for Cyclically Adjusted PB Ratio. This places Pandox AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Pandox AB's value of 1.06 is 53.6% above this benchmark. Historically, Pandox AB's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 1.41 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 0.69, Pandox 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,401 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. Pandox AB's current Cyclically Adjusted PB Ratio of 1.06 is 53.6% 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 Pandox AB and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandox AB's current Cyclically Adjusted PB Ratio is 1.06, which is near median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pandox AB stock overvalued right now?
Pandox AB (PNDXF) has a current Cyclically Adjusted PB Ratio of 1.06. The stock's GF Value™ is $21.25, compared to a current price of $19.22 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.06, which is near median its 10-year median of 1.12 and 53.6% above the Real Estate industry median of 0.69. Pandox AB's overall GF Score™ is 71/100 with 7 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 Pandox AB (PNDXF), the current Cyclically Adjusted PB Ratio is 1.06 as of Aug. 15, 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 Pandox AB (PNDXF) Overvalued in 2026?

Based on GuruFocus' analysis, Pandox AB stock appears to be undervalued. The current stock price of $19.22 is trading 9.5% below its estimated GF Value™ of $21.25.

Key valuation signals for PNDXF:

  • Cyclically Adjusted PB Ratio: 1.06 (near median its 10-year median of 1.12)
  • GF Value™: $21.25 vs. price of $19.22 (9.5% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 53.6% above the Real Estate median (#932 of 1401)

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


Pandox AB Business Description

Address Vasagatan 11, 9th floor, Box 15, Stockholm, SWE, SE-101 20
Pandox AB is a hotel property company focused on owning, developing, and leasing hotel properties to hotel operators, with its business concept based on long-term, revenue-based leases with guaranteed minimum levels. It also operates certain hotels itself as part of its ownership. Its activities include property management, property development, and portfolio optimisation, along with leasing hotel properties and operating hotels under its Own Operations segment. The Company operates through two main segments, namely Leases, which contributes the maximum revenue and is the core business with long-term revenue-based lease agreements, and Own Operations, where the Company operates hotels in its own properties. Geographically, Pandox has a presence across Europe.
71GF Score

Get the complete analysis for PNDXF

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

$19.22
Price
$21.25
GF Value