Clavister Holding AB (STU:89P) Cyclically Adjusted PB Ratio: (As of Aug. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:89P Clavister Holding AB STU:89P
32 GF Score
Price €0.43
GF Value €0.22
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Clavister 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


Clavister Holding AB  (STU:89P) 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.


Clavister Holding AB Cyclically Adjusted PB Ratio Related Terms


Clavister Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Clavister 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.

Clavister Holding AB Cyclically Adjusted PB Ratio Chart

Clavister 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 0.00 1.32 1.59 3.99 8.42

Clavister 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 9.73 11.20 8.42 15.71 24.73

STU:89P vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Clavister 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.


Clavister Holding AB Cyclically Adjusted PB Ratio vs Software Industry

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

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


STU:89P
32GF Score
Clavister Holding AB STU:89P
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clavister 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.

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

For example, Clavister 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)
=0.026/134.6100*134.6100
=0.026

Current CPI (Jun. 2026) = 134.6100.

Clavister Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.002 101.138 0.003
201612 0.459 102.022 0.606
201703 0.437 102.022 0.577
201706 0.385 102.752 0.504
201709 0.000 103.279 0.000
201712 0.436 103.793 0.565
201803 0.301 103.962 0.390
201806 0.218 104.875 0.280
201809 0.189 105.679 0.241
201812 0.134 105.912 0.170
201903 0.075 105.886 0.095
201906 0.087 106.742 0.110
201909 0.035 107.214 0.044
201912 -0.161 107.766 -0.201
202003 -0.225 106.563 -0.284
202006 -0.255 107.498 -0.319
202009 -0.275 107.635 -0.344
202012 0.012 108.296 0.015
202103 -0.013 108.360 -0.016
202106 -0.019 108.928 -0.023
202109 -0.033 110.338 -0.040
202112 -0.047 112.486 -0.056
202203 -0.069 114.825 -0.081
202206 -0.098 118.384 -0.111
202209 -0.110 122.296 -0.121
202212 -0.134 126.365 -0.143
202303 -0.149 127.042 -0.158
202306 -0.165 129.407 -0.172
202309 -0.169 130.224 -0.175
202312 -0.185 131.912 -0.189
202403 -0.043 132.205 -0.044
202406 -0.047 132.716 -0.048
202409 -0.049 132.304 -0.050
202412 -0.027 132.987 -0.027
202503 -0.028 132.825 -0.028
202506 -0.012 133.699 -0.012
202509 -0.012 133.480 -0.012
202512 0.023 133.390 0.023
202603 0.024 133.560 0.024
202606 0.026 134.610 0.026

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 Clavister Holding AB (STU:89P) Overvalued in 2026?

Based on GuruFocus' analysis, Clavister Holding AB stock appears to be overvalued. The current stock price of €0.43 is trading 95.1% above its estimated GF Value™ of €0.22. GuruFocus considers Clavister Holding AB to be Significantly Overvalued.

Key valuation signals for STU:89P:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.22 vs. price of €0.43 (95.1% above fair value)
  • GF Score™: 32/100 with 3 warning signs

No single metric tells the full story. See the STU:89P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Clavister Holding AB Business Description

Other Exchanges CLAV:Sweden0G6X:UK
Address Sjogatan 6 J, Ornskoldsvik, SWE, 891 60
Clavister Holding AB management evaluates the group mainly through order development. It is engaged in the development, production, and sales of network security solutions. Its proprietary security platform, it is specifically designed to meet the cybersecurity demands of tactical, mobile, and space-constrained environments. The company's services are Technical Support, Professional Services, and trainings. The company's products are Clavister Netwall, Clavister NetShield, Clavister CyberArmour, Clavister IdAuth Cloud, Clavister IdSign, Clavister IdSphere, Clavister TactiGate XD, etc.
32GF Score

Get the complete analysis for STU:89P

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

€0.43
Price
€0.22
GF Value