Netcompany Group AS (STU:60N) Cyclically Adjusted PB Ratio: 5.01 (As of Aug. 26, 2026) — Near Median

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STU:60N Netcompany Group AS STU:60N
83 GF Score
Price €42.12
GF Value €59.66
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Netcompany Group AS Cyclically Adjusted PB Ratio?

Netcompany Group AS STU:60N +0.67% 83 Cyclically Adjusted PB Ratio is 5.01 as of Aug. 26, 2026, which is 2% below its 10-year median of 5.11. GuruFocus rates STU:60N with a GF Score™ of 83/100 and a GF Value™ of €59.66 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,515 Software companies, Netcompany Group AS ranks worse than 76.17% on this metric.

As of today (2026-08-26), Netcompany Group AS's current share price is €42.12. Netcompany Group AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €8.40. Netcompany Group AS's Cyclically Adjusted PB Ratio for today is 5.01.

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

STU:60N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.9   Med: 5.11   Max: 5.39
Current: 5.14

During the past years, Netcompany Group AS's highest Cyclically Adjusted PB Ratio was 5.39. The lowest was 4.90. And the median was 5.11.

STU:60N's Cyclically Adjusted PB Ratio is ranked worse than
76.17% of 1515 companies
in the Software industry
Industry Median: 2.31 vs STU:60N: 5.14

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.

Netcompany Group AS's adjusted book value per share data for the three months ended in Jun. 2026 was €10.253. 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 €8.40 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netcompany Group AS  (STU:60N) 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.


Netcompany Group AS Cyclically Adjusted PB Ratio Related Terms


Netcompany Group AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Netcompany Group AS'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.

Netcompany Group AS Cyclically Adjusted PB Ratio Chart

Netcompany Group AS 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

Netcompany Group AS 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 4.77

STU:60N vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Netcompany Group AS'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.


Netcompany Group AS Cyclically Adjusted PB Ratio vs Software Industry

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

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


STU:60N
83GF Score
Netcompany Group AS STU:60N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Netcompany Group AS 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.12/8.40
=5.01

* 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.

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

For example, Netcompany Group AS'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)
=10.253/122.9700*122.9700
=10.253

Current CPI (Jun. 2026) = 122.9700.

Netcompany Group AS Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.805 99.800 0.992
201612 3.389 100.300 4.155
201703 0.000 101.200 0.000
201706 0.000 101.200 0.000
201709 0.000 101.800 0.000
201712 4.418 101.300 5.363
201803 4.572 101.700 5.528
201806 4.437 102.300 5.334
201809 4.651 102.400 5.585
201812 4.842 102.100 5.832
201903 4.805 102.900 5.742
201906 5.037 102.900 6.019
201909 5.322 102.900 6.360
201912 5.648 102.900 6.750
202003 5.911 103.300 7.037
202006 6.230 103.200 7.423
202009 6.609 103.500 7.852
202012 6.649 103.400 7.907
202103 7.108 104.300 8.380
202106 7.313 105.000 8.565
202109 7.626 105.800 8.864
202112 8.289 106.600 9.562
202203 8.525 109.900 9.539
202206 8.649 113.600 9.362
202209 9.127 116.400 9.642
202212 9.639 115.900 10.227
202303 9.794 117.300 10.267
202306 9.983 116.400 10.546
202309 10.135 117.400 10.616
202312 10.348 116.700 10.904
202403 10.421 118.400 10.823
202406 10.406 118.500 10.799
202409 10.409 118.900 10.765
202412 10.260 118.900 10.611
202503 10.487 120.200 10.729
202506 10.672 120.700 10.873
202509 10.219 121.600 10.334
202512 10.203 121.200 10.352
202603 10.065 121.680 10.172
202606 10.253 122.970 10.253

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 5.01 mean?
Netcompany Group AS (STU:60N) has a Cyclically Adjusted PB Ratio of 5.01 as of Aug. 26, 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 Netcompany Group AS and its competitors. This is near median its historical median of 5.11. Over the past decade, Netcompany Group AS's Cyclically Adjusted PB Ratio has ranged from 4.90 to 5.39. According to the industry distribution chart, Netcompany Group AS ranks #1154 out of 1515 companies in the Software industry, placing it in the top 76.2%.
Is Netcompany Group AS's Cyclically Adjusted PB Ratio too high?
Netcompany Group AS's current Cyclically Adjusted PB Ratio of 5.01 is near median its 10-year median of 5.11. Over the past 10 years, this metric has ranged from a low of 4.90 to a high of 5.39. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Netcompany Group AS's value of 5.01 is 116.9% above this industry median. Based on the distribution chart, Netcompany Group AS ranks #1154 out of 1515 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Netcompany Group AS has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netcompany Group AS's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Netcompany Group AS ranks #1154 out of 1515 companies for Cyclically Adjusted PB Ratio. This places Netcompany Group AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Netcompany Group AS's value of 5.01 is 116.9% above this benchmark. Historically, Netcompany Group AS's own Cyclically Adjusted PB Ratio has ranged from 4.90 to 5.39 over the past decade. While the company's 10-year median is 5.11 vs. the industry median of 2.31, Netcompany Group AS 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 2.31, based on 1,515 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. Netcompany Group AS's current Cyclically Adjusted PB Ratio of 5.01 is 116.9% 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 Netcompany Group AS and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcompany Group AS's current Cyclically Adjusted PB Ratio is 5.01, which is near median its own 10-year median of 5.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcompany Group AS stock overvalued right now?
Based on GuruFocus' analysis, Netcompany Group AS (STU:60N) is currently considered Modestly Undervalued. The stock's GF Value™ is €59.66, compared to a current price of €42.12 — trading 29.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.01, which is near median its 10-year median of 5.11 and 116.9% above the Software industry median of 2.31. Netcompany Group AS's overall GF Score™ is 83/100 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 Netcompany Group AS (STU:60N), the current Cyclically Adjusted PB Ratio is 5.01 as of Aug. 26, 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 Netcompany Group AS (STU:60N) Overvalued in 2026?

Based on GuruFocus' analysis, Netcompany Group AS stock appears to be undervalued. The current stock price of €42.12 is trading 29.4% below its estimated GF Value™ of €59.66. GuruFocus considers Netcompany Group AS to be Modestly Undervalued.

Key valuation signals for STU:60N:

  • Cyclically Adjusted PB Ratio: 5.01 (near median its 10-year median of 5.11)
  • GF Value™: €59.66 vs. price of €42.12 (29.4% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 116.9% above the Software median (#1154 of 1515)

No single metric tells the full story. See the STU:60N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Netcompany Group AS Business Description

Other Exchanges NETCc:UK0YH9:UKNETC:Denmark
Address Strandgade 3, Copenhagen, DNK, 1401
Netcompany Group AS is an information technology services company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its offerings include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. The company's business segments are Denmark, SEE & EUI, the United Kingdom, Norway, the Netherlands and Banking Services. It generates the majority of revenue from the Denmark segment.
83GF Score

Get the complete analysis for STU:60N

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

€42.12
Price
€59.66
GF Value