Holmen AB (MIL:1HOLM) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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

MIL:1HOLM Holmen AB MIL:1HOLM
79 GF Score
Price €31.04
GF Value €38.22
! 4 Warning Signs
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What is Holmen AB Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Holmen AB  (MIL:1HOLM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Holmen AB Cyclically Adjusted PS Ratio Related Terms


Holmen AB Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Holmen AB's Cyclically Adjusted PS 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.

Holmen AB Cyclically Adjusted PS Ratio Chart

Holmen AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
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Holmen 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 PS 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 - - - 2.48 2.37

MIL:1HOLM vs SLVM: Cyclically Adjusted PS Ratio Comparison

For the Paper & Paper Products subindustry, Holmen AB's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Holmen AB Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Holmen AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1HOLM
79GF Score
Holmen AB MIL:1HOLM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Holmen AB Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

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

For example, Holmen AB's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.438/134.6100*134.6100
=3.438

Current CPI (Jun. 2026) = 134.6100.

Holmen AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.385 101.138 3.174
201612 2.402 102.022 3.169
201703 2.586 102.022 3.412
201706 2.549 102.752 3.339
201709 2.457 103.279 3.202
201712 2.375 103.793 3.080
201803 2.447 103.962 3.168
201806 2.398 104.875 3.078
201809 2.199 105.679 2.801
201812 2.277 105.912 2.894
201903 2.434 105.886 3.094
201906 2.444 106.742 3.082
201909 2.376 107.214 2.983
201912 2.432 107.766 3.038
202003 2.605 106.563 3.291
202006 2.231 107.498 2.794
202009 2.220 107.635 2.776
202012 2.556 108.296 3.177
202103 2.870 108.360 3.565
202106 3.122 108.928 3.858
202109 2.955 110.338 3.605
202112 2.908 112.486 3.480
202203 3.389 114.825 3.973
202206 3.637 118.384 4.136
202209 3.361 122.296 3.699
202212 3.524 126.365 3.754
202303 3.429 127.042 3.633
202306 3.101 129.407 3.226
202309 2.893 130.224 2.990
202312 2.956 131.912 3.016
202403 3.184 132.205 3.242
202406 3.218 132.716 3.264
202409 3.111 132.304 3.165
202412 3.041 132.987 3.078
202503 3.379 132.825 3.424
202506 3.269 133.699 3.291
202509 3.101 133.480 3.127
202512 3.085 133.380 3.113
202603 3.336 133.550 3.362
202606 3.438 134.610 3.438

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Holmen AB (MIL:1HOLM) Overvalued in 2026?

Based on GuruFocus' analysis, Holmen AB stock appears to be undervalued. The current stock price of €31.04 is trading 18.8% below its estimated GF Value™ of €38.22.

Key valuation signals for MIL:1HOLM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €38.22 vs. price of €31.04 (18.8% below fair value)
  • GF Score™: 79/100 with 4 warning signs

No single metric tells the full story. See the MIL:1HOLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Holmen AB Business Description

Address Strandvagen 1, P.O. Box 5407, Stockholm, SWE, SE-114 84
Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into four segments based on product type: Forest, Board and Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, the construction industry, and the packaging industry, among others. The vast majority of revenue comes from the company's Board and Paper segment.
79GF Score

Get the complete analysis for MIL:1HOLM

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

€31.04
Price
€38.22
GF Value