Gullberg & Jansson AB (XSAT:GJAB) Cyclically Adjusted PB Ratio: 1.46 (As of Aug. 19, 2026) — 48% Below Median

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XSAT:GJAB Gullberg & Jansson AB XSAT:GJAB
60 GF Score
Price kr16.40
GF Value kr15.80
Valuation Fairly Valued
! 9 Warning Signs
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What is Gullberg & Jansson AB Cyclically Adjusted PB Ratio?

Gullberg & Jansson AB XSAT:GJAB 60 Cyclically Adjusted PB Ratio is 1.46 as of Aug. 19, 2026, which is 48% below its 10-year median of 2.81. GuruFocus rates XSAT:GJAB with a GF Score™ of 60/100 and a GF Value™ of kr15.80 (Fairly Valued). The stock has 9 warning signs investors should review. Among 635 Travel & Leisure companies, Gullberg & Jansson AB ranks worse than 56.06% on this metric.

As of today (2026-08-19), Gullberg & Jansson AB's current share price is kr16.40. Gullberg & Jansson AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr11.21. Gullberg & Jansson AB's Cyclically Adjusted PB Ratio for today is 1.46.

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

XSAT:GJAB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 2.81   Max: 25.06
Current: 1.46

During the past years, Gullberg & Jansson AB's highest Cyclically Adjusted PB Ratio was 25.06. The lowest was 1.04. And the median was 2.81.

XSAT:GJAB's Cyclically Adjusted PB Ratio is ranked worse than
56.06% of 635 companies
in the Travel & Leisure industry
Industry Median: 1.18 vs XSAT:GJAB: 1.46

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.

Gullberg & Jansson AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr14.335. 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 kr11.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gullberg & Jansson AB  (XSAT:GJAB) 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.


Gullberg & Jansson AB Cyclically Adjusted PB Ratio Related Terms


Gullberg & Jansson AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gullberg & Jansson 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.

Gullberg & Jansson AB Cyclically Adjusted PB Ratio Chart

Gullberg & Jansson 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 17.37 5.04 1.67 1.60 1.24

Gullberg & Jansson 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 1.39 1.28 1.24 1.19 1.17

XSAT:GJAB vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Gullberg & Jansson 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.


Gullberg & Jansson AB Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gullberg & Jansson AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSAT:GJAB
60GF Score
Gullberg & Jansson AB XSAT:GJAB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Gullberg & Jansson 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.

Gullberg & Jansson AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.40/11.21
=1.46

* 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.

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

For example, Gullberg & Jansson 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)
=14.335/134.6100*134.6100
=14.335

Current CPI (Jun. 2026) = 134.6100.

Gullberg & Jansson AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.912 101.138 5.207
201612 3.431 102.022 4.527
201703 3.380 102.022 4.460
201706 3.850 102.752 5.044
201709 3.976 103.279 5.182
201712 3.601 103.793 4.670
201803 3.379 103.962 4.375
201806 3.874 104.875 4.972
201809 4.011 105.679 5.109
201812 4.005 105.912 5.090
201903 3.997 105.886 5.081
201906 4.921 106.742 6.206
201909 5.341 107.214 6.706
201912 5.050 107.766 6.308
202003 5.276 106.563 6.665
202006 6.791 107.498 8.504
202009 7.804 107.635 9.760
202012 7.950 108.296 9.882
202103 9.261 108.360 11.505
202106 11.600 108.928 14.335
202109 13.329 110.338 16.261
202112 14.912 112.486 17.845
202203 14.120 114.825 16.553
202206 14.788 118.384 16.815
202209 17.569 122.296 19.338
202212 16.826 126.365 17.924
202303 16.114 127.042 17.074
202306 16.642 129.407 17.311
202309 15.063 130.224 15.570
202312 15.568 131.912 15.886
202403 15.038 132.205 15.312
202406 15.697 132.716 15.921
202409 15.072 132.304 15.335
202412 14.558 132.987 14.736
202503 13.388 132.825 13.568
202506 14.333 133.699 14.431
202509 14.698 133.480 14.822
202512 13.339 133.390 13.461
202603 12.385 133.560 12.482
202606 14.335 134.610 14.335

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 1.46 mean?
Gullberg & Jansson AB (XSAT:GJAB) has a Cyclically Adjusted PB Ratio of 1.46 as of Aug. 19, 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 Gullberg & Jansson AB and its competitors. This is 48% below median its historical median of 2.81. Over the past decade, Gullberg & Jansson AB's Cyclically Adjusted PB Ratio has ranged from 1.04 to 25.06. According to the industry distribution chart, Gullberg & Jansson AB ranks #356 out of 635 companies in the Travel & Leisure industry, placing it in the top 56.1%.
Is Gullberg & Jansson AB's Cyclically Adjusted PB Ratio too high?
Gullberg & Jansson AB's current Cyclically Adjusted PB Ratio of 1.46 is 48% below median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 25.06. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.18. Gullberg & Jansson AB's value of 1.46 is 23.7% above this industry median. Based on the distribution chart, Gullberg & Jansson AB ranks #356 out of 635 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Gullberg & Jansson AB has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gullberg & Jansson AB's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Gullberg & Jansson AB ranks #356 out of 635 companies for Cyclically Adjusted PB Ratio. This places Gullberg & Jansson AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Gullberg & Jansson AB's value of 1.46 is 23.7% above this benchmark. Historically, Gullberg & Jansson AB's own Cyclically Adjusted PB Ratio has ranged from 1.04 to 25.06 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 1.18, Gullberg & Jansson AB 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.18, based on 635 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. Gullberg & Jansson AB's current Cyclically Adjusted PB Ratio of 1.46 is 23.7% 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 Gullberg & Jansson AB and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gullberg & Jansson AB's current Cyclically Adjusted PB Ratio is 1.46, which is 48% below median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gullberg & Jansson AB stock overvalued right now?
Based on GuruFocus' analysis, Gullberg & Jansson AB (XSAT:GJAB) is currently considered Fairly Valued. The stock's GF Value™ is kr15.80, compared to a current price of kr16.40 — trading 3.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.46, which is 48% below median its 10-year median of 2.81 and 23.7% above the Travel & Leisure industry median of 1.18. Gullberg & Jansson AB's overall GF Score™ is 60/100 with 9 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 Gullberg & Jansson AB (XSAT:GJAB), the current Cyclically Adjusted PB Ratio is 1.46 as of Aug. 19, 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 Gullberg & Jansson AB (XSAT:GJAB) Overvalued in 2026?

Based on GuruFocus' analysis, Gullberg & Jansson AB stock appears to be overvalued. The current stock price of kr16.40 is trading 3.8% above its estimated GF Value™ of kr15.80. GuruFocus considers Gullberg & Jansson AB to be Fairly Valued.

Key valuation signals for XSAT:GJAB:

  • Cyclically Adjusted PB Ratio: 1.46 (48% below median its 10-year median of 2.81)
  • GF Value™: kr15.80 vs. price of kr16.40 (3.8% above fair value)
  • GF Score™: 60/100 with 9 warning signs
  • Industry Position: 23.7% above the Travel & Leisure median (#356 of 635)

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


Gullberg & Jansson AB Business Description

Address Hortensiagatan 7, Helsingborg, SWE, SE-256 68
Gullberg & Jansson AB develops swimming pool heat pumps. The company specialize in air & water heat pumps for swimming pools as well as homes and properties for the Scandinavian market.
60GF Score

Get the complete analysis for XSAT:GJAB

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

kr16.40
Price
kr15.80
GF Value