Ratos AB (STU:RAZB) Cyclically Adjusted PB Ratio: 0.85 (As of Jul. 11, 2026) — Near Median


STU:RAZB Ratos AB STU:RAZB
56 GF Score
Price €3.06
GF Value €2.13
! 3 Warning Signs
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What is Ratos AB Cyclically Adjusted PB Ratio?

Ratos AB STU:RAZB +0.33% 56 Cyclically Adjusted PB Ratio is 0.85 as of Jul. 11, 2026, which is 4% below its 10-year median of 0.89. GuruFocus rates STU:RAZB with a GF Score™ of 56/100 and a GF Value™ of €2.13. The stock has 3 warning signs investors should review. Among 1,357 Construction companies, Ratos AB ranks better than 61.83% on this metric.

As of today (2026-07-11), Ratos AB's current share price is €3.064. Ratos AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.59. Ratos AB's Cyclically Adjusted PB Ratio for today is 0.85.

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

STU:RAZB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.89   Max: 2.1
Current: 0.85

During the past years, Ratos AB's highest Cyclically Adjusted PB Ratio was 2.10. The lowest was 0.46. And the median was 0.89.

STU:RAZB's Cyclically Adjusted PB Ratio is ranked better than
61.83% of 1357 companies
in the Construction industry
Industry Median: 1.2 vs STU:RAZB: 0.85

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.

Ratos AB's adjusted book value per share data for the three months ended in Mar. 2026 was €3.751. 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 €3.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ratos AB  (STU:RAZB) 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.


Ratos AB Cyclically Adjusted PB Ratio Related Terms


Ratos AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ratos 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.

Ratos AB Cyclically Adjusted PB Ratio Chart

Ratos 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 1.59 1.02 0.87 0.86 0.96

Ratos 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 0.83 1.01 0.93 0.96 0.82

STU:RAZB vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Ratos 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.


Ratos AB Cyclically Adjusted PB Ratio vs Construction Industry

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

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


STU:RAZB
56GF Score
Ratos AB STU:RAZB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ratos 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.064/3.59
=0.85

* 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.

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

For example, Ratos 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)
=3.751/133.5600*133.5600
=3.751

Current CPI (Mar. 2026) = 133.5600.

Ratos AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.971 101.019 5.250
201609 3.365 101.138 4.444
201612 3.642 102.022 4.768
201703 3.709 102.022 4.856
201706 3.070 102.752 3.990
201709 3.357 103.279 4.341
201712 3.049 103.793 3.923
201803 3.020 103.962 3.880
201806 2.934 104.875 3.737
201809 2.901 105.679 3.666
201812 2.655 105.912 3.348
201903 2.612 105.886 3.295
201906 2.680 106.742 3.353
201909 2.828 107.214 3.523
201912 2.781 107.766 3.447
202003 2.634 106.563 3.301
202006 2.873 107.498 3.570
202009 2.923 107.635 3.627
202012 2.886 108.296 3.559
202103 3.371 108.360 4.155
202106 3.565 108.928 4.371
202109 3.560 110.338 4.309
202112 3.581 112.486 4.252
202203 3.369 114.825 3.919
202206 3.510 118.384 3.960
202209 3.510 122.296 3.833
202212 3.430 126.365 3.625
202303 3.192 127.042 3.356
202306 3.223 129.407 3.326
202309 3.215 130.224 3.297
202312 3.371 131.912 3.413
202403 3.227 132.205 3.260
202406 3.413 132.716 3.435
202409 3.292 132.304 3.323
202412 3.258 132.987 3.272
202503 3.215 132.825 3.233
202506 4.120 133.699 4.116
202509 4.215 133.480 4.218
202512 3.735 133.390 3.740
202603 3.751 133.560 3.751

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 0.85 mean?
Ratos AB (STU:RAZB) has a Cyclically Adjusted PB Ratio of 0.85 as of Jul. 11, 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 Ratos AB and its competitors. This is near median its historical median of 0.89. Over the past decade, Ratos AB's Cyclically Adjusted PB Ratio has ranged from 0.46 to 2.10. According to the industry distribution chart, Ratos AB ranks #518 out of 1357 companies in the Construction industry, placing it in the top 38.2%.
Is Ratos AB's Cyclically Adjusted PB Ratio too high?
Ratos AB's current Cyclically Adjusted PB Ratio of 0.85 is near median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 2.10. The Construction industry median Cyclically Adjusted PB Ratio is 1.20. Ratos AB's value of 0.85 is 29.2% below this industry median. Based on the distribution chart, Ratos AB ranks #518 out of 1357 companies in the Construction industry, which is above the industry midpoint. Overall, Ratos AB has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Ratos AB's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Ratos AB ranks #518 out of 1357 companies for Cyclically Adjusted PB Ratio. This puts Ratos AB in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Ratos AB's value of 0.85 is 29.2% below this benchmark. Historically, Ratos AB's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 2.10 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.20, Ratos 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 a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.20, based on 1,357 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. Ratos AB's current Cyclically Adjusted PB Ratio of 0.85 is 29.2% 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 Ratos AB and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratos AB's current Cyclically Adjusted PB Ratio is 0.85, which is near median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratos AB stock overvalued right now?
Ratos AB (STU:RAZB) has a current Cyclically Adjusted PB Ratio of 0.85. The stock's GF Value™ is €2.13, compared to a current price of €3.06 — trading 43.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.85, which is near median its 10-year median of 0.89 and 29.2% below the Construction industry median of 1.20. Ratos AB's overall GF Score™ is 56/100 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 Ratos AB (STU:RAZB), the current Cyclically Adjusted PB Ratio is 0.85 as of Jul. 11, 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 Ratos AB (STU:RAZB) Overvalued in 2026?

Based on GuruFocus' analysis, Ratos AB stock appears to be overvalued. The current stock price of €3.06 is trading 43.8% above its estimated GF Value™ of €2.13.

Key valuation signals for STU:RAZB:

  • Cyclically Adjusted PB Ratio: 0.85 (near median its 10-year median of 0.89)
  • GF Value™: €2.13 vs. price of €3.06 (43.8% above fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 29.2% below the Construction median (#518 of 1357)

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


Ratos AB Business Description

Address Sturegatan 10, Box 511, Stockholm, SWE, SE-114 11
Ratos AB is an investment company that owns and develops unlisted medium-and small-sized Nordic companies. The company focuses on technological and infrastructure solutions and comprises two business segment; Construction & Services and Consumer. Majority of the revenue is generated from its Construction & Services segment which predominantly includes maintenance of infrastructure within railway, road, energy solutions, and construction of new critical buildings such as hospitals, schools, police stations and governmental buildings in the Nordics. Geographically, the company generates majority of its revenue from Norway and rest from Sweden and other regions.
56GF Score

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

€3.06
Price
€2.13
GF Value