QBNK Holding AB (XSAT:QBNK) Cyclically Adjusted PB Ratio: 5.49 (As of Sep. 13, 2026) — 26% Above Median

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XSAT:QBNK QBNK Holding AB XSAT:QBNK
65 GF Score
Price kr6.70
GF Value kr6.72
Valuation Fairly Valued
! 4 Warning Signs
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What is QBNK Holding AB Cyclically Adjusted PB Ratio?

QBNK Holding AB XSAT:QBNK 65 Cyclically Adjusted PB Ratio is 5.49 as of Sep. 13, 2026, which is 26% above its 10-year median of 4.34. GuruFocus rates XSAT:QBNK with a GF Score™ of 65/100 and a GF Value™ of kr6.72 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,464 Software companies, QBNK Holding AB ranks worse than 77.53% on this metric.

As of today (2026-09-13), QBNK Holding AB's current share price is kr6.70. QBNK Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr1.22. QBNK Holding AB's Cyclically Adjusted PB Ratio for today is 5.49.

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

XSAT:QBNK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.83   Med: 4.34   Max: 6.35
Current: 5.5

During the past years, QBNK Holding AB's highest Cyclically Adjusted PB Ratio was 6.35. The lowest was 1.83. And the median was 4.34.

XSAT:QBNK's Cyclically Adjusted PB Ratio is ranked worse than
77.53% of 1464 companies
in the Software industry
Industry Median: 2.34 vs XSAT:QBNK: 5.50

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.

QBNK Holding AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr0.615. 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 kr1.22 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


QBNK Holding AB  (XSAT:QBNK) 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.


QBNK Holding AB Cyclically Adjusted PB Ratio Related Terms


QBNK Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for QBNK 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.

QBNK Holding AB Cyclically Adjusted PB Ratio Chart

QBNK 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 0.00 2.03 2.95 5.87

QBNK 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 5.04 5.51 5.87 5.42 4.85

XSAT:QBNK vs MSFT, PLTR, ORCL: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, QBNK 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.


QBNK Holding AB Cyclically Adjusted PB Ratio vs Software Industry

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

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


XSAT:QBNK
65GF Score
QBNK Holding AB XSAT:QBNK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

QBNK 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.70/1.22
=5.49

* 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.

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

For example, QBNK 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)
=0.615/134.6100*134.6100
=0.615

Current CPI (Jun. 2026) = 134.6100.

QBNK Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.255 101.138 1.670
201612 1.284 102.022 1.694
201703 1.230 102.022 1.623
201706 1.166 102.752 1.528
201709 1.093 103.279 1.425
201712 0.719 103.793 0.932
201803 0.537 103.962 0.695
201806 0.550 104.875 0.706
201809 0.847 105.679 1.079
201812 0.967 105.912 1.229
201903 1.020 105.886 1.297
201906 1.085 106.742 1.368
201909 1.196 107.214 1.502
201912 1.227 107.766 1.533
202003 1.263 106.563 1.595
202006 1.583 107.498 1.982
202009 1.784 107.635 2.231
202012 1.717 108.296 2.134
202103 1.884 108.360 2.340
202106 1.706 108.928 2.108
202109 1.497 110.338 1.826
202112 1.152 112.486 1.379
202203 0.654 114.825 0.767
202206 1.558 118.384 1.772
202209 1.534 122.296 1.688
202212 1.256 126.365 1.338
202303 1.057 127.042 1.120
202306 0.855 129.407 0.889
202309 0.759 130.224 0.785
202312 0.636 131.912 0.649
202403 0.668 132.205 0.680
202406 0.554 132.716 0.562
202409 0.588 132.304 0.598
202412 0.530 132.987 0.536
202503 0.525 132.825 0.532
202506 0.498 133.699 0.501
202509 0.642 133.480 0.647
202512 0.552 133.390 0.557
202603 0.580 133.560 0.585
202606 0.615 134.610 0.615

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 5.49 mean?
QBNK Holding AB (XSAT:QBNK) has a Cyclically Adjusted PB Ratio of 5.49 as of Sep. 13, 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 QBNK Holding AB and its competitors. This is 26% above median its historical median of 4.34. Over the past decade, QBNK Holding AB's Cyclically Adjusted PB Ratio has ranged from 1.83 to 6.35. According to the industry distribution chart, QBNK Holding AB ranks #1135 out of 1464 companies in the Software industry, placing it in the top 77.5%.
Is QBNK Holding AB's Cyclically Adjusted PB Ratio too high?
QBNK Holding AB's current Cyclically Adjusted PB Ratio of 5.49 is 26% above median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 6.35. The Software industry median Cyclically Adjusted PB Ratio is 2.34. QBNK Holding AB's value of 5.49 is 134.6% above this industry median. Based on the distribution chart, QBNK Holding AB ranks #1135 out of 1464 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, QBNK Holding AB has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does QBNK Holding AB's Cyclically Adjusted PB Ratio compare to MSFT and PLTR?
According to the Software industry distribution chart, QBNK Holding AB ranks #1135 out of 1464 companies for Cyclically Adjusted PB Ratio. This places QBNK Holding AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. QBNK Holding AB's value of 5.49 is 134.6% above this benchmark. Historically, QBNK Holding AB's own Cyclically Adjusted PB Ratio has ranged from 1.83 to 6.35 over the past decade. While the company's 10-year median is 4.34 vs. the industry median of 2.34, QBNK Holding 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.34, based on 1,464 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. QBNK Holding AB's current Cyclically Adjusted PB Ratio of 5.49 is 134.6% 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 QBNK Holding AB and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QBNK Holding AB's current Cyclically Adjusted PB Ratio is 5.49, which is 26% above median its own 10-year median of 4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QBNK Holding AB stock overvalued right now?
Based on GuruFocus' analysis, QBNK Holding AB (XSAT:QBNK) is currently considered Fairly Valued. The stock's GF Value™ is kr6.72, compared to a current price of kr6.70 — trading 0.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.49, which is 26% above median its 10-year median of 4.34 and 134.6% above the Software industry median of 2.34. QBNK Holding AB's overall GF Score™ is 65/100 with 4 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 QBNK Holding AB (XSAT:QBNK), the current Cyclically Adjusted PB Ratio is 5.49 as of Sep. 13, 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 QBNK Holding AB (XSAT:QBNK) Overvalued in 2026?

Based on GuruFocus' analysis, QBNK Holding AB stock appears to be undervalued. The current stock price of kr6.70 is trading 0.3% below its estimated GF Value™ of kr6.72. GuruFocus considers QBNK Holding AB to be Fairly Valued.

Key valuation signals for XSAT:QBNK:

  • Cyclically Adjusted PB Ratio: 5.49 (26% above median its 10-year median of 4.34)
  • GF Value™: kr6.72 vs. price of kr6.70 (0.3% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 134.6% above the Software median (#1135 of 1464)

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


QBNK Holding AB Business Description

Address Karlavagen 100 A, 11th floor, Stockholm, SWE, SE-116 45
QBNK Holding AB provides business and government cloud-based products and services within Digital Asset Management. The company's solutions streamline the process of market communication through centralized management of digital files and information.
65GF Score

Get the complete analysis for XSAT:QBNK

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

kr6.70
Price
kr6.72
GF Value