NCAB Group ABLTS:0AAQ -2.08%92 PB Ratio is 8.64 as of Jul. 11, 2026, which is 7% above its 10-year median of 8.08. GuruFocus rates LTS:0AAQ with a GF Score™ of 92/100 and a GF Value™ of kr64.83 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,416 Hardware companies, NCAB Group AB ranks worse than 87.5% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-11), NCAB Group AB's share price is kr73.05. NCAB Group AB's Book Value per Share for the quarter that ended in Mar. 2026 was kr8.46. Hence, NCAB Group AB's PB Ratio of today is 8.64.
Warning Sign:
NCAB Group AB stock PB Ratio (=9.7) is close to 1-year high of 10.05.
The historical rank and industry rank for NCAB Group AB's PB Ratio or its related term are showing as below:
LTS:0AAQ'
s PB Ratio Range Over the Past 10 Years
Min: 4.77 Med: 8.08 Max: 21.16
Current: 8.17
During the past 11 years, NCAB Group AB's highest PB Ratio was 21.16. The lowest was 4.77. And the median was 8.08.
LTS:0AAQ's PB Ratio is ranked worse than 87.5% of 2416
companies
in the Hardware industry
Industry Median: 2.34
vs LTS:0AAQ: 8.17
During the past 12 months, NCAB Group AB's average Book Value Per Share Growth Rate was 16.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 34.80% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of NCAB Group AB was 81.00% per year. The lowest was 6.40% per year. And the median was 31.35% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
NCAB Group AB PB Ratio Related Terms
NCAB Group AB PB Ratio Historical Data
* Premium members only.
The historical data trend for NCAB Group AB's 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.
For the Electronic Components subindustry, NCAB Group AB's PB Ratio, along with its competitors' market caps and 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.
NCAB Group AB PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, NCAB Group AB's PB Ratio distribution charts can be found below:
* The bar in red indicates where NCAB Group AB's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
NCAB Group AB's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
NCAB Group AB (LTS:0AAQ) has a PB Ratio of 8.64 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on NCAB Group AB and its competitors. This is near median its historical median of 8.08. Over the past decade, NCAB Group AB's PB Ratio has ranged from 4.77 to 21.16. According to the industry distribution chart, NCAB Group AB ranks #2114 out of 2416 companies in the Hardware industry, placing it in the top 87.5%.
Is NCAB Group AB's PB Ratio too high?
NCAB Group AB's current PB Ratio of 8.64 is near median its 10-year median of 8.08. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 21.16. The Hardware industry median PB Ratio is 2.34. NCAB Group AB's value of 8.64 is 269.2% above this industry median. Based on the distribution chart, NCAB Group AB ranks #2114 out of 2416 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, NCAB Group AB has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCAB Group AB's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, NCAB Group AB ranks #2114 out of 2416 companies for PB Ratio. This places NCAB Group AB in the lower half of its industry. The industry median PB Ratio is 2.34. NCAB Group AB's value of 8.64 is 269.2% above this benchmark. Historically, NCAB Group AB's own PB Ratio has ranged from 4.77 to 21.16 over the past decade. While the company's 10-year median is 8.08 vs. the industry median of 2.34, NCAB Group 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 PB Ratio for a Hardware company?
The median PB Ratio among Hardware companies is 2.34, based on 2,416 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NCAB Group AB's current PB Ratio of 8.64 is 269.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on NCAB Group AB and its competitors. For the Hardware industry, the median PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCAB Group AB's current PB Ratio is 8.64, which is near median its own 10-year median of 8.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCAB Group AB stock overvalued right now?
Based on GuruFocus' analysis, NCAB Group AB (LTS:0AAQ) is currently considered Modestly Overvalued. The stock's GF Value™ is kr64.83, compared to a current price of kr73.05 — trading 12.7% above its estimated fair value. The current PB Ratio is 8.64, which is near median its 10-year median of 8.08 and 269.2% above the Hardware industry median of 2.34. NCAB Group AB's overall GF Score™ is 92/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For NCAB Group AB (LTS:0AAQ), the current PB Ratio is 8.64 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 NCAB Group AB (LTS:0AAQ) Overvalued in 2026?
Based on GuruFocus' analysis, NCAB Group AB stock appears to be overvalued.
The current stock price of kr73.05 is trading 12.7% above its estimated GF Value™ of kr64.83.
GuruFocus considers NCAB Group AB to be Modestly Overvalued.
Key valuation signals for LTS:0AAQ:
PB Ratio: 8.64 (near median its 10-year median of 8.08)
GF Value™: kr64.83 vs. price of kr73.05 (12.7% above fair value)
Industry Position: 269.2% above the Hardware median (#2114 of 2416)
No single metric tells the full story. See the LTS:0AAQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCAB Group AB offers a broad range of printed circuit board (PCB) which, after receiving a customer order, are sourced from external manufacturers, predominantly located in China. It provides comprehensive services comprising design support, through prototyping, production and quality control. The operating activities are controlled in four segments; Nordic, Europe, East and North America. It generates key revenue from the Europe segment which includes the provision of a broad range of PCBs from the companies in the UK, Poland, France, Italy, Germany and Spain.
92GF Score
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