QTGPF (Qt Group) Cyclically Adjusted PB Ratio: 6.96 (As of Jul. 22, 2026) — 60% Below Median

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QTGPF Qt Group PLC QTGPF
79 GF Score
Price $22.97
GF Value $76.54
! 4 Warning Signs
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What is Qt Group Cyclically Adjusted PB Ratio?

Qt Group QTGPF +7.73% 79 Cyclically Adjusted PB Ratio is 6.96 as of Jul. 22, 2026, which is 60% below its 10-year median of 17.56. GuruFocus rates QTGPF with a GF Score™ of 79/100 and a GF Value™ of $76.54. The stock has 4 warning signs investors should review. Among 1,593 Software companies, Qt Group ranks worse than 86.88% on this metric.

As of today (2026-07-22), Qt Group's current share price is $22.97. Qt Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $3.30. Qt Group's Cyclically Adjusted PB Ratio for today is 6.96.

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

QTGPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.35   Med: 17.56   Max: 42.63
Current: 8.27

During the past years, Qt Group's highest Cyclically Adjusted PB Ratio was 42.63. The lowest was 6.35. And the median was 17.56.

QTGPF's Cyclically Adjusted PB Ratio is ranked worse than
86.88% of 1593 companies
in the Software industry
Industry Median: 2.26 vs QTGPF: 8.27

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.

Qt Group's adjusted book value per share data for the three months ended in Mar. 2026 was $9.603. 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 $3.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qt Group  (OTCPK:QTGPF) 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.


Qt Group Cyclically Adjusted PB Ratio Related Terms


Qt Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Qt Group'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.

Qt Group Cyclically Adjusted PB Ratio Chart

Qt Group 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 32.08 11.99

Qt Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 32.69 23.78 17.88 11.99 6.46

QTGPF vs UBER, SHOP, CRM: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Qt Group'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.


Qt Group Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Qt Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


QTGPF
79GF Score
Qt Group PLC QTGPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Qt Group 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.

Qt Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.97/3.30
=6.96

* 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.

Qt Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Qt Group's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=9.603/124.6700*124.6700
=9.603

Current CPI (Mar. 2026) = 124.6700.

Qt Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.471 100.390 0.585
201609 0.433 100.540 0.537
201612 0.405 101.020 0.500
201703 0.367 100.910 0.453
201706 1.043 101.140 1.286
201709 1.054 101.320 1.297
201712 1.010 101.510 1.240
201803 1.012 101.730 1.240
201806 1.024 102.320 1.248
201809 0.969 102.600 1.177
201812 0.876 102.710 1.063
201903 0.852 102.870 1.033
201906 0.867 103.360 1.046
201909 0.825 103.540 0.993
201912 0.795 103.650 0.956
202003 0.822 103.490 0.990
202006 1.034 103.320 1.248
202009 1.236 103.710 1.486
202012 1.501 103.890 1.801
202103 1.462 104.870 1.738
202106 2.240 105.360 2.651
202109 2.111 106.290 2.476
202112 2.351 107.490 2.727
202203 2.022 110.950 2.272
202206 2.328 113.570 2.556
202209 2.760 114.920 2.994
202212 3.629 117.320 3.856
202303 3.839 119.750 3.997
202306 4.227 120.690 4.366
202309 4.391 121.280 4.514
202312 5.255 121.540 5.390
202403 5.560 122.360 5.665
202406 6.076 122.230 6.197
202409 6.577 122.260 6.707
202412 7.359 122.390 7.496
202503 7.797 123.010 7.902
202506 8.617 122.530 8.767
202509 8.825 122.880 8.954
202512 9.663 122.670 9.821
202603 9.603 124.670 9.603

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 6.96 mean?
Qt Group (QTGPF) has a Cyclically Adjusted PB Ratio of 6.96 as of Jul. 22, 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 Qt Group and its competitors. This is 60% below median its historical median of 17.56. Over the past decade, Qt Group's Cyclically Adjusted PB Ratio has ranged from 6.35 to 42.63. According to the industry distribution chart, Qt Group ranks #1384 out of 1593 companies in the Software industry, placing it in the top 86.9%.
Is Qt Group's Cyclically Adjusted PB Ratio too high?
Qt Group's current Cyclically Adjusted PB Ratio of 6.96 is 60% below median its 10-year median of 17.56. Over the past 10 years, this metric has ranged from a low of 6.35 to a high of 42.63. The Software industry median Cyclically Adjusted PB Ratio is 2.26. Qt Group's value of 6.96 is 208% above this industry median. Based on the distribution chart, Qt Group ranks #1384 out of 1593 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Qt Group has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Qt Group's Cyclically Adjusted PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Qt Group ranks #1384 out of 1593 companies for Cyclically Adjusted PB Ratio. This places Qt Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. Qt Group's value of 6.96 is 208% above this benchmark. Historically, Qt Group's own Cyclically Adjusted PB Ratio has ranged from 6.35 to 42.63 over the past decade. While the company's 10-year median is 17.56 vs. the industry median of 2.26, Qt Group 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.26, based on 1,593 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. Qt Group's current Cyclically Adjusted PB Ratio of 6.96 is 208% 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 Qt Group and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qt Group's current Cyclically Adjusted PB Ratio is 6.96, which is 60% below median its own 10-year median of 17.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qt Group stock overvalued right now?
Qt Group (QTGPF) has a current Cyclically Adjusted PB Ratio of 6.96. The stock's GF Value™ is $76.54, compared to a current price of $22.97 — trading 70% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.96, which is 60% below median its 10-year median of 17.56 and 208% above the Software industry median of 2.26. Qt Group's overall GF Score™ is 79/100 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 Qt Group (QTGPF), the current Cyclically Adjusted PB Ratio is 6.96 as of Jul. 22, 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 Qt Group (QTGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Qt Group stock appears to be undervalued. The current stock price of $22.97 is trading 70% below its estimated GF Value™ of $76.54.

Key valuation signals for QTGPF:

  • Cyclically Adjusted PB Ratio: 6.96 (60% below median its 10-year median of 17.56)
  • GF Value™: $76.54 vs. price of $22.97 (70% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 208% above the Software median (#1384 of 1593)

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


Qt Group Business Description

Address Miestentie 7, Espoo, FIN, 02150
Qt Group PLC is engaged in the development, commercialization, and licensing of the Qt software framework under commercial and open-source licenses. It is used for developing cross-platform applications and graphical user interfaces for desktops, embedded systems, and mobile devices. The group reports one business segment that provides its customers with software development tools. This technology is used in various devices and applications, including consumer electronics, vehicles, airplanes, and industrial automation applications. Geographically, it has a presence in Finland, the Rest of Europe, APAC, and North America. It derives revenue from License sales and consulting, and others.
79GF Score

Get the complete analysis for QTGPF

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

$22.97
Price
$76.54
GF Value