Nederman Holding AB (STU:5QR) Cyclically Adjusted PB Ratio: (As of Sep. 13, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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STU:5QR Nederman Holding AB STU:5QR
62 GF Score
Price €11.14
GF Value €14.23
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Nederman Holding AB Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nederman Holding AB  (STU:5QR) 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.


Nederman Holding AB Cyclically Adjusted PB Ratio Related Terms


Nederman Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nederman 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.

Nederman Holding AB Cyclically Adjusted PB Ratio Chart

Nederman 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 6.28 4.50 4.02 4.35 3.13

Nederman 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 3.38 3.02 3.13 2.51 2.31

STU:5QR vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Nederman 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.


Nederman Holding AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nederman Holding AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:5QR
62GF Score
Nederman Holding AB STU:5QR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nederman 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.

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

For example, Nederman 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)
=6.686/134.6100*134.6100
=6.686

Current CPI (Jun. 2026) = 134.6100.

Nederman Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.691 101.138 3.582
201612 2.883 102.022 3.804
201703 3.027 102.022 3.994
201706 2.855 102.752 3.740
201709 2.973 103.279 3.875
201712 3.087 103.793 4.004
201803 3.250 103.962 4.208
201806 3.261 104.875 4.186
201809 3.258 105.679 4.150
201812 3.426 105.912 4.354
201903 3.636 105.886 4.622
201906 3.542 106.742 4.467
201909 3.561 107.214 4.471
201912 3.758 107.766 4.694
202003 3.833 106.563 4.842
202006 3.646 107.498 4.566
202009 3.682 107.635 4.605
202012 3.643 108.296 4.528
202103 4.055 108.360 5.037
202106 4.215 108.928 5.209
202109 4.447 110.338 5.425
202112 4.765 112.486 5.702
202203 4.976 114.825 5.833
202206 5.090 118.384 5.788
202209 5.580 122.296 6.142
202212 5.667 126.365 6.037
202303 5.724 127.042 6.065
202306 5.815 129.407 6.049
202309 5.796 130.224 5.991
202312 6.040 131.912 6.164
202403 6.500 132.205 6.618
202406 6.350 132.716 6.441
202409 6.288 132.304 6.398
202412 6.728 132.987 6.810
202503 6.631 132.825 6.720
202506 6.380 133.699 6.423
202509 6.485 133.480 6.540
202512 6.579 133.390 6.639
202603 6.961 133.560 7.016
202606 6.686 134.610 6.686

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.

Is Nederman Holding AB (STU:5QR) Overvalued in 2026?

Based on GuruFocus' analysis, Nederman Holding AB stock appears to be undervalued. The current stock price of €11.14 is trading 21.7% below its estimated GF Value™ of €14.23. GuruFocus considers Nederman Holding AB to be Modestly Undervalued.

Key valuation signals for STU:5QR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €14.23 vs. price of €11.14 (21.7% below fair value)
  • GF Score™: 62/100 with 2 warning signs

No single metric tells the full story. See the STU:5QR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nederman Holding AB Business Description

Other Exchanges NMAN:Sweden
Address Landskronavagen 9A, Helsingborg, SWE, 252 32
Nederman Holding AB is an industrial equipment manufacturer. The company produces and markets products to improve the industrial workplace environment; owns and manages enterprises as well as real estate and personal property, and engages in compatible operations. Its operating segments are, Extraction and Filtration Technology, Process Technology, Duct and Filter Technology, and Monitoring and Control Technology. Key revenue is derived from the Extraction and Filter Technology segment, which develops and sells various filters and monitoring services, capturing devices, fans, high-vacuum products, and reels for the distribution of various liquids and compressed air. Geographically, it derives key revenue from the United States of America and has customers located around the world.
62GF Score

Get the complete analysis for STU:5QR

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

€11.14
Price
€14.23
GF Value