Veteranpoolen AB (XSAT:VPAB B) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

XSAT:VPAB B Veteranpoolen AB XSAT:VPAB B
81 GF Score
Price kr64.00
GF Value kr49.82
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Veteranpoolen AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Veteranpoolen AB  (XSAT:VPAB B) 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.


Veteranpoolen AB Cyclically Adjusted PB Ratio Related Terms


Veteranpoolen AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Veteranpoolen 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.

Veteranpoolen AB Cyclically Adjusted PB Ratio Chart

Veteranpoolen 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 - - - 0.01 0.01

Veteranpoolen 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 0.01 0.01 0.01 0.01 0.02

XSAT:VPAB B vs RHI, KFY, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, Veteranpoolen 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.


Veteranpoolen AB Cyclically Adjusted PB Ratio vs Business Services Industry

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

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


XSAT:VPAB B
81GF Score
Veteranpoolen AB XSAT:VPAB B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veteranpoolen 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.

Veteranpoolen AB's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Veteranpoolen AB's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=3.787/133.3800*133.3800
=3.787

Current CPI (Dec25) = 133.3800.

Veteranpoolen AB Annual Data

Book Value per Share CPI Adj_Book
201612 32,407.570 102.022 42,368.733
201712 0.871 103.793 1.119
201812 1.692 105.912 2.131
201912 2.149 107.766 2.660
202012 3.485 108.296 4.292
202112 3.697 112.486 4.384
202212 2.774 126.365 2.928
202312 2.929 131.912 2.962
202412 3.142 132.987 3.151
202512 3.787 133.380 3.787

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.

Is Veteranpoolen AB (XSAT:VPAB B) Overvalued in 2026?

Based on GuruFocus' analysis, Veteranpoolen AB stock appears to be overvalued. The current stock price of kr64.00 is trading 28.5% above its estimated GF Value™ of kr49.82. GuruFocus considers Veteranpoolen AB to be Modestly Overvalued.

Key valuation signals for XSAT:VPAB B:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr49.82 vs. price of kr64.00 (28.5% above fair value)
  • GF Score™: 81/100 with 3 warning signs

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


Veteranpoolen AB Business Description

Other Exchanges QI5:Germany
Address Hantverksgatan 30, Kungsbacka, SWE, 434 42
Veteranpoolen AB is a Sweden-based company serving as an employer for retirees. The company offers various business services such as staffing, economics and administration, property management, sale and customer service, office, warehousing, logistics and industry, cleaning and others. In addition, it also provides private services including clean up, gardening supervision, carpentry, painting, putting windows or helping older in everyday life.
81GF Score

Get the complete analysis for XSAT:VPAB B

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

kr64.00
Price
kr49.82
GF Value