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NCC AB (STU:NCGB) Cyclically Adjusted PB Ratio : 2.81 (As of Jul. 19, 2025)


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What is NCC AB Cyclically Adjusted PB Ratio?

As of today (2025-07-19), NCC AB's current share price is €15.90. NCC AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2025 was €5.66. NCC AB's Cyclically Adjusted PB Ratio for today is 2.81.

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

STU:NCGB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 2.35   Max: 3.57
Current: 2.98

During the past years, NCC AB's highest Cyclically Adjusted PB Ratio was 3.57. The lowest was 1.41. And the median was 2.35.

STU:NCGB's Cyclically Adjusted PB Ratio is ranked worse than
78.95% of 1316 companies
in the Construction industry
Industry Median: 1.16 vs STU:NCGB: 2.98

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.

NCC AB's adjusted book value per share data for the three months ended in Jun. 2025 was €6.968. 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 €5.66 for the trailing ten years ended in Jun. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


NCC AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NCC 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.

* Premium members only.

NCC AB Cyclically Adjusted PB Ratio Chart

NCC AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.51 2.84 1.70 1.94 2.56

NCC AB Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 2.12 2.66 2.56 3.02 2.81

Competitive Comparison of NCC AB's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, NCC 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.


NCC AB's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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


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NCC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.90/5.66
=2.81

* 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.

NCC AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2025 is calculated as:

For example, NCC AB's adjusted Book Value per Share data for the three months ended in Jun. 2025 was:

Adj_Book=Book Value per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=6.968/132.8245*132.8245
=6.968

Current CPI (Jun. 2025) = 132.8245.

NCC AB Quarterly Data

Book Value per Share CPI Adj_Book
201509 7.825 100.228 10.370
201512 9.710 100.276 12.862
201603 9.290 100.751 12.247
201606 4.548 101.019 5.980
201609 4.565 101.138 5.995
201612 5.065 102.022 6.594
201703 5.625 102.022 7.323
201706 4.820 102.752 6.231
201709 5.176 103.279 6.657
201712 4.814 103.793 6.161
201803 4.482 103.962 5.726
201806 4.052 104.875 5.132
201809 2.766 105.679 3.477
201812 2.641 105.912 3.312
201903 2.368 105.886 2.970
201906 2.206 106.742 2.745
201909 2.018 107.214 2.500
201912 2.692 107.766 3.318
202003 2.364 106.563 2.947
202006 2.854 107.498 3.526
202009 3.550 107.635 4.381
202012 3.626 108.296 4.447
202103 3.789 108.360 4.644
202106 3.947 108.928 4.813
202109 4.782 110.338 5.757
202112 5.288 112.486 6.244
202203 5.035 114.825 5.824
202206 5.677 118.384 6.370
202209 6.241 122.296 6.778
202212 6.695 126.365 7.037
202303 6.527 127.042 6.824
202306 6.537 129.407 6.710
202309 6.911 130.224 7.049
202312 6.704 131.912 6.750
202403 6.698 132.205 6.729
202406 6.495 132.716 6.500
202409 6.564 132.304 6.590
202412 7.701 132.987 7.692
202503 7.438 132.825 7.438
202506 6.968 132.825 6.968

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.


NCC AB  (STU:NCGB) 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.


NCC AB Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of NCC AB's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


NCC AB Business Description

Industry
Address
Herrjarva Torg 4, Solna, SWE, SE-170 80
NCC AB is a construction and property development company in the Nordic region. The business operations of the company are divided into five operating segments namely, NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. The company derives maximum revenue from NCC Infrastructure and geographically from Sweden. The company's projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development.

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