Holmen AB (OSTO:HOLM A) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

OSTO:HOLM A Holmen AB OSTO:HOLM A
79 GF Score
Price kr316.00
GF Value kr398.86
Valuation Modestly Undervalued
! 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  (OSTO:HOLM A) 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

* Premium members only.

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.12 3.44 3.25 3.00 2.59

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 2.66 2.62 2.56 2.47 2.16

OSTO:HOLM A 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.


OSTO:HOLM A
79GF Score
Holmen AB OSTO:HOLM A
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)
=37.438/134.6100*134.6100
=37.438

Current CPI (Jun. 2026) = 134.6100.

Holmen AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 22.680 101.138 30.186
201612 23.436 102.022 30.922
201703 24.590 102.022 32.445
201706 24.692 102.752 32.348
201709 23.495 103.279 30.623
201712 23.263 103.793 30.170
201803 24.400 103.962 31.593
201806 24.787 104.875 31.815
201809 22.882 105.679 29.146
201812 23.501 105.912 29.869
201903 25.358 105.886 32.237
201906 25.933 106.742 32.704
201909 25.330 107.214 31.803
201912 25.901 107.766 32.353
202003 27.784 106.563 35.097
202006 23.795 107.498 29.796
202009 23.017 107.635 28.785
202012 26.240 108.296 32.616
202103 29.044 108.360 36.080
202106 31.675 108.928 39.143
202109 30.119 110.338 36.744
202112 29.458 112.486 35.252
202203 35.510 114.825 41.629
202206 38.105 118.384 43.328
202209 35.703 122.296 39.298
202212 38.549 126.365 41.064
202303 38.413 127.042 40.701
202306 35.558 129.407 36.988
202309 34.028 130.224 35.174
202312 33.915 131.912 34.609
202403 35.925 132.205 36.578
202406 37.029 132.716 37.557
202409 35.621 132.304 36.242
202412 34.966 132.987 35.393
202503 37.956 132.825 38.466
202506 35.814 133.699 36.058
202509 34.494 133.480 34.786
202512 33.780 133.380 34.092
202603 35.670 133.550 35.953
202606 37.438 134.610 37.438

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 (OSTO:HOLM A) Overvalued in 2026?

Based on GuruFocus' analysis, Holmen AB stock appears to be undervalued. The current stock price of kr316.00 is trading 20.8% below its estimated GF Value™ of kr398.86. GuruFocus considers Holmen AB to be Modestly Undervalued.

Key valuation signals for OSTO:HOLM A:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr398.86 vs. price of kr316.00 (20.8% below fair value)
  • GF Score™: 79/100 with 4 warning signs

No single metric tells the full story. See the OSTO:HOLM A 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 OSTO:HOLM A

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

kr316.00
Price
kr398.86
GF Value