Heliospectra AB (STU:H00) Cyclically Adjusted PB Ratio: 0.03 (As of Aug. 14, 2026) — 94% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is Heliospectra AB Cyclically Adjusted PB Ratio?

Heliospectra AB STU:H00 Cyclically Adjusted PB Ratio is 0.03 as of Aug. 14, 2026, which is 94% below its 10-year median of 0.51. The stock has 4 warning signs investors should review. Among 2,219 Industrial Products companies, Heliospectra AB ranks better than 97.25% on this metric.

As of today (2026-08-14), Heliospectra AB's current share price is €0.001. Heliospectra AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.04. Heliospectra AB's Cyclically Adjusted PB Ratio for today is 0.03.

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

STU:H00' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.51   Max: 1.59
Current: 0.2

During the past years, Heliospectra AB's highest Cyclically Adjusted PB Ratio was 1.59. The lowest was 0.15. And the median was 0.51.

STU:H00's Cyclically Adjusted PB Ratio is ranked better than
97.25% of 2219 companies
in the Industrial Products industry
Industry Median: 2.17 vs STU:H00: 0.20

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.

Heliospectra AB's adjusted book value per share data for the three months ended in Mar. 2026 was €0.002. 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 €0.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heliospectra AB  (STU:H00) 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.


Heliospectra AB Cyclically Adjusted PB Ratio Related Terms


Heliospectra AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Heliospectra 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.

Heliospectra AB Cyclically Adjusted PB Ratio Chart

Heliospectra 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 1.25 0.65 0.47 0.19

Heliospectra AB 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 0.54 0.47 0.28 0.19 0.22

STU:H00 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Heliospectra 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.


Heliospectra AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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



Heliospectra 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.001/0.04
=0.03

* 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.

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

For example, Heliospectra AB'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)
=0.002/133.5600*133.5600
=0.002

Current CPI (Mar. 2026) = 133.5600.

Heliospectra AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.024 101.019 0.032
201609 -0.007 101.138 -0.009
201612 0.151 102.022 0.198
201703 0.134 102.022 0.175
201706 0.115 102.752 0.149
201709 0.105 103.279 0.136
201712 0.087 103.793 0.112
201803 0.073 103.962 0.094
201806 0.056 104.875 0.071
201809 0.047 105.679 0.059
201812 0.027 105.912 0.034
201903 0.010 105.886 0.013
201906 0.057 106.742 0.071
201909 0.041 107.214 0.051
201912 0.068 107.766 0.084
202003 0.056 106.563 0.070
202006 0.043 107.498 0.053
202009 0.033 107.635 0.041
202012 0.060 108.296 0.074
202103 0.054 108.360 0.067
202106 0.046 108.928 0.056
202109 0.032 110.338 0.039
202112 0.007 112.486 0.008
202203 0.013 114.825 0.015
202206 0.005 118.384 0.006
202209 0.015 122.296 0.016
202212 0.009 126.365 0.010
202303 0.005 127.042 0.005
202306 0.012 129.407 0.012
202309 0.010 130.224 0.010
202312 0.006 131.912 0.006
202403 0.014 132.205 0.014
202406 0.021 132.716 0.021
202409 0.021 132.304 0.021
202412 0.004 132.987 0.004
202503 0.006 132.825 0.006
202506 0.011 133.699 0.011
202509 0.002 133.480 0.002
202512 0.003 133.390 0.003
202603 0.002 133.560 0.002

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 0.03 mean?
Heliospectra AB (STU:H00) has a Cyclically Adjusted PB Ratio of 0.03 as of Aug. 14, 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 Heliospectra AB and its competitors. This is 94% below median its historical median of 0.51. Over the past decade, Heliospectra AB's Cyclically Adjusted PB Ratio has ranged from 0.15 to 1.59. According to the industry distribution chart, Heliospectra AB ranks #61 out of 2219 companies in the Industrial Products industry, placing it in the top 2.7%.
Is Heliospectra AB's Cyclically Adjusted PB Ratio too high?
Heliospectra AB's current Cyclically Adjusted PB Ratio of 0.03 is 94% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.59. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Heliospectra AB's value of 0.03 is 98.6% below this industry median. Based on the distribution chart, Heliospectra AB ranks #61 out of 2219 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers.
How does Heliospectra AB's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Heliospectra AB ranks #61 out of 2219 companies for Cyclically Adjusted PB Ratio. This places Heliospectra AB in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.17. Heliospectra AB's value of 0.03 is 98.6% below this benchmark. Historically, Heliospectra AB's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 1.59 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 2.17, Heliospectra AB has consistently been below 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.17, based on 2,219 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. Heliospectra AB's current Cyclically Adjusted PB Ratio of 0.03 is 98.6% below 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 Heliospectra AB and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heliospectra AB's current Cyclically Adjusted PB Ratio is 0.03, which is 94% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heliospectra AB stock overvalued right now?
Based on GuruFocus' analysis, Heliospectra AB (STU:H00) is currently considered Possible Value Trap. The stock's GF Value™ is €0.01, compared to a current price of €0.00 — trading 90% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.03, which is 94% below median its 10-year median of 0.51 and 98.6% below the Industrial Products industry median of 2.17. 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 Heliospectra AB (STU:H00), the current Cyclically Adjusted PB Ratio is 0.03 as of Aug. 14, 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.

Heliospectra AB Business Description

Other Exchanges HELIO:Sweden
Address Johan Willins gata 8, Gothenburg, SWE, 416 64
Heliospectra AB is engaged in the development of lighting systems for controlled environments using light-emitting diode technology. The company's offering is targeted at greenhouses and indoor growers of medicinal plants, foodstuffs, herbs, and microgreens, and academic and agtech researchers. The offering consists of total solutions that rest on three pillars: Lighting, control systems marketed under the brand name helioCORE, and services marketed under the brand name helioCARE.