Instalco AB (STU:4IIA) Cyclically Adjusted PB Ratio: 3.98 (As of Sep. 06, 2026) — 10% Above Median

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STU:4IIA Instalco AB STU:4IIA
90 GF Score
Price €3.43
GF Value €3.15
Valuation Fairly Valued
! 9 Warning Signs
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What is Instalco AB Cyclically Adjusted PB Ratio?

Instalco AB STU:4IIA +1.06% 90 Cyclically Adjusted PB Ratio is 3.98 as of Sep. 06, 2026, which is 10% above its 10-year median of 3.61. GuruFocus rates STU:4IIA with a GF Score™ of 90/100 and a GF Value™ of €3.15 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,237 Construction companies, Instalco AB ranks worse than 86.58% on this metric.

As of today (2026-09-06), Instalco AB's current share price is €3.426. Instalco AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.86. Instalco AB's Cyclically Adjusted PB Ratio for today is 3.98.

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

STU:4IIA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.56   Med: 3.61   Max: 4.42
Current: 4.03

During the past years, Instalco AB's highest Cyclically Adjusted PB Ratio was 4.42. The lowest was 2.56. And the median was 3.61.

STU:4IIA's Cyclically Adjusted PB Ratio is ranked worse than
86.58% of 1237 companies
in the Construction industry
Industry Median: 1.17 vs STU:4IIA: 4.03

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.

Instalco AB's adjusted book value per share data for the three months ended in Jun. 2026 was €1.185. 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 €0.86 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Instalco AB  (STU:4IIA) 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.


Instalco AB Cyclically Adjusted PB Ratio Related Terms


Instalco AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Instalco 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.

Instalco AB Cyclically Adjusted PB Ratio Chart

Instalco 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 2.87

Instalco 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 2.91 2.87 3.35 4.03

STU:4IIA vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Instalco 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.


Instalco AB Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Instalco AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:4IIA
90GF Score
Instalco AB STU:4IIA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Instalco 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.426/0.86
=3.98

* 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.

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

For example, Instalco 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)
=1.185/134.6100*134.6100
=1.185

Current CPI (Jun. 2026) = 134.6100.

Instalco AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 101.138 0.000
201612 0.282 102.022 0.372
201703 0.000 102.022 0.000
201706 0.291 102.752 0.381
201709 0.317 103.279 0.413
201712 0.340 103.793 0.441
201803 0.365 103.962 0.473
201806 0.382 104.875 0.490
201809 0.394 105.679 0.502
201812 0.432 105.912 0.549
201903 0.465 105.886 0.591
201906 0.484 106.742 0.610
201909 0.518 107.214 0.650
201912 0.573 107.766 0.716
202003 0.574 106.563 0.725
202006 0.602 107.498 0.754
202009 0.673 107.635 0.842
202012 0.743 108.296 0.924
202103 0.813 108.360 1.010
202106 0.810 108.928 1.001
202109 0.858 110.338 1.047
202112 0.929 112.486 1.112
202203 0.963 114.825 1.129
202206 0.948 118.384 1.078
202209 0.974 122.296 1.072
202212 1.029 126.365 1.096
202303 1.044 127.042 1.106
202306 1.028 129.407 1.069
202309 1.005 130.224 1.039
202312 1.087 131.912 1.109
202403 1.121 132.205 1.141
202406 1.064 132.716 1.079
202409 1.059 132.304 1.077
202412 1.058 132.987 1.071
202503 1.116 132.825 1.131
202506 1.089 133.699 1.096
202509 1.073 133.480 1.082
202512 1.105 133.390 1.115
202603 1.174 133.560 1.183
202606 1.185 134.610 1.185

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 3.98 mean?
Instalco AB (STU:4IIA) has a Cyclically Adjusted PB Ratio of 3.98 as of Sep. 06, 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 Instalco AB and its competitors. This is 10% above median its historical median of 3.61. Over the past decade, Instalco AB's Cyclically Adjusted PB Ratio has ranged from 2.56 to 4.42. According to the industry distribution chart, Instalco AB ranks #1071 out of 1237 companies in the Construction industry, placing it in the top 86.6%.
Is Instalco AB's Cyclically Adjusted PB Ratio too high?
Instalco AB's current Cyclically Adjusted PB Ratio of 3.98 is 10% above median its 10-year median of 3.61. Over the past 10 years, this metric has ranged from a low of 2.56 to a high of 4.42. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. Instalco AB's value of 3.98 is 240.2% above this industry median. Based on the distribution chart, Instalco AB ranks #1071 out of 1237 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Instalco AB has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Instalco AB's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Instalco AB ranks #1071 out of 1237 companies for Cyclically Adjusted PB Ratio. This places Instalco AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Instalco AB's value of 3.98 is 240.2% above this benchmark. Historically, Instalco AB's own Cyclically Adjusted PB Ratio has ranged from 2.56 to 4.42 over the past decade. While the company's 10-year median is 3.61 vs. the industry median of 1.17, Instalco 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,237 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. Instalco AB's current Cyclically Adjusted PB Ratio of 3.98 is 240.2% 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 Instalco AB and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Instalco AB's current Cyclically Adjusted PB Ratio is 3.98, which is 10% above median its own 10-year median of 3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Instalco AB stock overvalued right now?
Based on GuruFocus' analysis, Instalco AB (STU:4IIA) is currently considered Fairly Valued. The stock's GF Value™ is €3.15, compared to a current price of €3.43 — trading 8.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.98, which is 10% above median its 10-year median of 3.61 and 240.2% above the Construction industry median of 1.17. Instalco AB's overall GF Score™ is 90/100 with 9 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 Instalco AB (STU:4IIA), the current Cyclically Adjusted PB Ratio is 3.98 as of Sep. 06, 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 Instalco AB (STU:4IIA) Overvalued in 2026?

Based on GuruFocus' analysis, Instalco AB stock appears to be overvalued. The current stock price of €3.43 is trading 8.8% above its estimated GF Value™ of €3.15. GuruFocus considers Instalco AB to be Fairly Valued.

Key valuation signals for STU:4IIA:

  • Cyclically Adjusted PB Ratio: 3.98 (10% above median its 10-year median of 3.61)
  • GF Value™: €3.15 vs. price of €3.43 (8.8% above fair value)
  • GF Score™: 90/100 with 9 warning signs
  • Industry Position: 240.2% above the Construction median (#1071 of 1237)

No single metric tells the full story. See the STU:4IIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Instalco AB Business Description

Address Sveavagen 56 C, Stockholm, SWE, 111 34
Instalco AB is engaged in installation, service and maintenance of real estate and facilities in Sweden, Norway and Finland. The company performs technical installation and service within the areas of electrical, heating and plumbing systems, as well as ventilation and cooling systems. The Group has two operating segments: Sweden and Rest of Nordics. Its revenue stems from sales of the execution of installations, construction contracts and service contracts.
90GF Score

Get the complete analysis for STU:4IIA

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

€3.43
Price
€3.15
GF Value