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Grieg Seafood ASA (OSL:GSF) Cyclically Adjusted PB Ratio : 1.72 (As of May. 26, 2024)


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What is Grieg Seafood ASA Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Grieg Seafood ASA's current share price is kr72.95. Grieg Seafood ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr42.46. Grieg Seafood ASA's Cyclically Adjusted PB Ratio for today is 1.72.

The historical rank and industry rank for Grieg Seafood ASA's Cyclically Adjusted PB Ratio or its related term are showing as below:

OSL:GSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 3.21   Max: 6.01
Current: 1.72

During the past years, Grieg Seafood ASA's highest Cyclically Adjusted PB Ratio was 6.01. The lowest was 0.45. And the median was 3.21.

OSL:GSF's Cyclically Adjusted PB Ratio is ranked worse than
60.27% of 1281 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs OSL:GSF: 1.72

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Grieg Seafood ASA's adjusted book value per share data for the three months ended in Mar. 2024 was kr56.947. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is kr42.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grieg Seafood ASA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Grieg Seafood ASA'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.

* Premium members only.

Grieg Seafood ASA Cyclically Adjusted PB Ratio Chart

Grieg Seafood ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.79 3.21 2.75 2.18 1.65

Grieg Seafood ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.17 1.71 1.96 1.65 1.60

Competitive Comparison of Grieg Seafood ASA's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, Grieg Seafood ASA'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.


Grieg Seafood ASA's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grieg Seafood ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grieg Seafood ASA's Cyclically Adjusted PB Ratio falls into.



Grieg Seafood ASA 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.

Grieg Seafood ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=72.95/42.46
=1.72

* 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.

Grieg Seafood ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Grieg Seafood ASA's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=56.947/132.6000*132.6000
=56.947

Current CPI (Mar. 2024) = 132.6000.

Grieg Seafood ASA Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.119 97.500 24.642
201409 17.522 98.500 23.588
201412 20.125 98.600 27.065
201503 19.704 99.200 26.338
201506 18.386 100.100 24.355
201509 18.594 100.600 24.509
201512 19.990 100.900 26.270
201603 21.336 102.500 27.601
201606 23.240 103.800 29.688
201609 24.366 104.200 31.007
201612 28.536 104.400 36.244
201703 27.954 105.000 35.302
201706 27.177 105.800 34.061
201709 28.764 105.900 36.016
201712 29.928 106.100 37.403
201803 31.466 107.300 38.885
201806 30.978 108.500 37.859
201809 33.119 109.500 40.106
201812 34.718 109.800 41.927
201903 37.147 110.400 44.617
201906 36.330 110.600 43.557
201909 34.489 111.100 41.163
201912 36.979 111.300 44.056
202003 33.989 111.200 40.530
202006 40.347 112.100 47.725
202009 38.990 112.900 45.793
202012 38.930 112.900 45.723
202103 40.112 114.600 46.412
202106 41.594 115.300 47.835
202109 43.370 117.500 48.944
202112 49.533 118.900 55.240
202203 55.817 119.800 61.781
202206 60.886 122.600 65.852
202209 58.824 125.600 62.102
202212 57.859 125.900 60.938
202303 62.730 127.600 65.188
202306 54.087 130.400 55.000
202309 54.992 129.800 56.178
202312 59.476 131.900 59.792
202403 56.947 132.600 56.947

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.


Grieg Seafood ASA  (OSL:GSF) 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.


Grieg Seafood ASA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Grieg Seafood ASA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Grieg Seafood ASA (OSL:GSF) Business Description

Traded in Other Exchanges
Address
C. Sundtsgate 17/19, Grieg-Gaarden, Bergen, NOR, 5004
Grieg Seafood ASA is an integrated Norwegian seafood company engaged in farming Atlantic salmon. The company's facilities are located in Finnmark and Rogaland in Norway and British Columbia and Newfoundland in Canada. Its product portfolio includes fresh whole fish, freshly processed fish, frozen processed fish, frozen whole fish, and other products.

Grieg Seafood ASA (OSL:GSF) Headlines

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