STBGY (Scandinavian Tobacco Group AS) Cyclically Adjusted PS Ratio: 0.69 (As of Jul. 11, 2026) — 35% Below Median


STBGY Scandinavian Tobacco Group AS STBGY
68 GF Score
Price $5.06
GF Value $8.38
Valuation Significantly Undervalued
! 8 Warning Signs
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What is Scandinavian Tobacco Group AS Cyclically Adjusted PS Ratio?

Scandinavian Tobacco Group AS STBGY -2.69% 68 Cyclically Adjusted PS Ratio is 0.69 as of Jul. 11, 2026, which is 35% below its 10-year median of 1.06. GuruFocus rates STBGY with a GF Score™ of 68/100 and a GF Value™ of $8.38 (Significantly Undervalued). The stock has 8 warning signs investors should review. Among 34 Tobacco Products companies, Scandinavian Tobacco Group AS ranks better than 61.76% on this metric.

As of today (2026-07-11), Scandinavian Tobacco Group AS's current share price is $5.06. Scandinavian Tobacco Group AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $7.34. Scandinavian Tobacco Group AS's Cyclically Adjusted PS Ratio for today is 0.69.

The historical rank and industry rank for Scandinavian Tobacco Group AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

STBGY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.06   Max: 1.31
Current: 0.71

During the past years, Scandinavian Tobacco Group AS's highest Cyclically Adjusted PS Ratio was 1.31. The lowest was 0.68. And the median was 1.06.

STBGY's Cyclically Adjusted PS Ratio is ranked better than
61.76% of 34 companies
in the Tobacco Products industry
Industry Median: 1.92 vs STBGY: 0.71

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Scandinavian Tobacco Group AS's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.823. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $7.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Scandinavian Tobacco Group AS  (OTCPK:STBGY) 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.


Scandinavian Tobacco Group AS Cyclically Adjusted PS Ratio Related Terms


Scandinavian Tobacco Group AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Scandinavian Tobacco Group AS'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.

Scandinavian Tobacco Group AS Cyclically Adjusted PS Ratio Chart

Scandinavian Tobacco Group AS 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 0.00 0.00 0.00 1.07 1.01

Scandinavian Tobacco Group AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.10 0.91 0.93 1.01 0.71

STBGY vs PM, MO, TPB: Cyclically Adjusted PS Ratio Comparison

For the Tobacco subindustry, Scandinavian Tobacco Group AS'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.


Scandinavian Tobacco Group AS Cyclically Adjusted PS Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Scandinavian Tobacco Group AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Scandinavian Tobacco Group AS's Cyclically Adjusted PS Ratio falls into.


STBGY
68GF Score
Scandinavian Tobacco Group AS STBGY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Scandinavian Tobacco Group AS 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.

Scandinavian Tobacco Group AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.06/7.34
=0.69

* 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.

Scandinavian Tobacco Group AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Scandinavian Tobacco Group AS's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.823/121.6800*121.6800
=1.823

Current CPI (Mar. 2026) = 121.6800.

Scandinavian Tobacco Group AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.296 100.600 1.568
201609 1.291 100.200 1.568
201612 1.273 100.300 1.544
201703 0.930 101.200 1.118
201706 1.290 101.200 1.551
201709 1.354 101.800 1.618
201712 1.315 101.300 1.580
201803 1.089 101.700 1.303
201806 1.427 102.300 1.697
201809 1.467 102.400 1.743
201812 1.394 102.100 1.661
201903 1.074 102.900 1.270
201906 1.317 102.900 1.557
201909 1.320 102.900 1.561
201912 1.260 102.900 1.490
202003 1.254 103.300 1.477
202006 1.560 103.200 1.839
202009 1.789 103.500 2.103
202012 1.590 103.400 1.871
202103 1.547 104.300 1.805
202106 1.811 105.000 2.099
202109 1.802 105.800 2.072
202112 1.625 106.600 1.855
202203 1.549 109.900 1.715
202206 1.775 113.600 1.901
202209 1.730 116.400 1.808
202212 1.770 115.900 1.858
202303 1.626 117.300 1.687
202306 1.867 116.400 1.952
202309 1.850 117.400 1.917
202312 1.925 116.700 2.007
202403 1.663 118.400 1.709
202406 2.012 118.500 2.066
202409 2.192 118.900 2.243
202412 2.108 118.900 2.157
202503 1.814 120.200 1.836
202506 2.332 120.700 2.351
202509 2.365 121.600 2.367
202512 2.334 121.200 2.343
202603 1.823 121.680 1.823

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.

What does a Cyclically Adjusted PS Ratio of 0.69 mean?
Scandinavian Tobacco Group AS (STBGY) has a Cyclically Adjusted PS Ratio of 0.69 as of Jul. 11, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Scandinavian Tobacco Group AS and its competitors. This is 35% below median its historical median of 1.06. Over the past decade, Scandinavian Tobacco Group AS's Cyclically Adjusted PS Ratio has ranged from 0.68 to 1.31. According to the industry distribution chart, Scandinavian Tobacco Group AS ranks #13 out of 34 companies in the Tobacco Products industry, placing it in the top 38.2%.
Is Scandinavian Tobacco Group AS's Cyclically Adjusted PS Ratio too high?
Scandinavian Tobacco Group AS's current Cyclically Adjusted PS Ratio of 0.69 is 35% below median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.31. The Tobacco Products industry median Cyclically Adjusted PS Ratio is 1.92. Scandinavian Tobacco Group AS's value of 0.69 is 64.1% below this industry median. Based on the distribution chart, Scandinavian Tobacco Group AS ranks #13 out of 34 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, Scandinavian Tobacco Group AS has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Tobacco Group AS's Cyclically Adjusted PS Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, Scandinavian Tobacco Group AS ranks #13 out of 34 companies for Cyclically Adjusted PS Ratio. This puts Scandinavian Tobacco Group AS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.92. Scandinavian Tobacco Group AS's value of 0.69 is 64.1% below this benchmark. Historically, Scandinavian Tobacco Group AS's own Cyclically Adjusted PS Ratio has ranged from 0.68 to 1.31 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.92, Scandinavian Tobacco Group AS has consistently been below 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 PS Ratio for a Tobacco Products company?
The median Cyclically Adjusted PS Ratio among Tobacco Products companies is 1.92, based on 34 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Scandinavian Tobacco Group AS's current Cyclically Adjusted PS Ratio of 0.69 is 64.1% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Scandinavian Tobacco Group AS and its competitors. For the Tobacco Products industry, the median Cyclically Adjusted PS Ratio is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Tobacco Group AS's current Cyclically Adjusted PS Ratio is 0.69, which is 35% below median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Tobacco Group AS stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Tobacco Group AS (STBGY) is currently considered Significantly Undervalued. The stock's GF Value™ is $8.38, compared to a current price of $5.06 — trading 39.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.69, which is 35% below median its 10-year median of 1.06 and 64.1% below the Tobacco Products industry median of 1.92. Scandinavian Tobacco Group AS's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Scandinavian Tobacco Group AS (STBGY), the current Cyclically Adjusted PS Ratio is 0.69 as of Jul. 11, 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 Scandinavian Tobacco Group AS (STBGY) Overvalued in 2026?

Based on GuruFocus' analysis, Scandinavian Tobacco Group AS stock appears to be undervalued. The current stock price of $5.06 is trading 39.6% below its estimated GF Value™ of $8.38. GuruFocus considers Scandinavian Tobacco Group AS to be Significantly Undervalued.

Key valuation signals for STBGY:

  • Cyclically Adjusted PS Ratio: 0.69 (35% below median its 10-year median of 1.06)
  • GF Value™: $8.38 vs. price of $5.06 (39.6% below fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 64.1% below the Tobacco Products median (#13 of 34)

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


Scandinavian Tobacco Group AS Business Description

Address Sandtoften 9, Gentofte, DNK, 2820
Scandinavian Tobacco Group AS offers cigars, pipe tobacco, and accessories in North America, Europe, and Australia. It operates in three segments: North America online and retail, which includes direct to consumer sales of all product categories sold via the online, catalogue and retail channel in North America. North America branded and the Rest of the World, which provides its products to wholesalers and distributors; Europe Branded comprises sale of all product categories to wholesalers, distributors and direct to retail in Germany, Denmark, Sweden, France, Italy, Belgium, the Netherlands, Luxembourg, Spain, Portugal, the UK, and Ireland.
68GF Score

Get the complete analysis for STBGY

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

$5.06
Price
$8.38
GF Value