BKFKF (Bakkafrost P/F) Cyclically Adjusted Book per Share: $23.70 (As of Mar. 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.
Reviewed by: Charlie Tian Charlie Tian
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.

BKFKF Bakkafrost P/F BKFKF
88 GF Score
Price $46.78
GF Value $59.23
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Bakkafrost P/F Cyclically Adjusted Book per Share?

Bakkafrost P/F BKFKF 88 Cyclically Adjusted Book per Share is $23.70 as of Mar. 2026. GuruFocus rates BKFKF with a GF Score™ of 88/100 and a GF Value™ of $59.23 (Modestly Undervalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Bakkafrost P/F's adjusted book value per share for the three months ended in Mar. 2026 was $29.599. 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 $23.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bakkafrost P/F's average Cyclically Adjusted Book Growth Rate was 13.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 21.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Bakkafrost P/F was 28.90% per year. The lowest was 16.90% per year. And the median was 25.90% per year.

As of today (2026-08-01), Bakkafrost P/F's current stock price is $46.78. Bakkafrost P/F's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $23.70. Bakkafrost P/F's Cyclically Adjusted PB Ratio of today is 1.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bakkafrost P/F was 11.13. The lowest was 1.79. And the median was 5.29.


Bakkafrost P/F  (OTCPK:BKFKF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Bakkafrost P/F's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=46.78/23.70
=1.97

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bakkafrost P/F was 11.13. The lowest was 1.79. And the median was 5.29.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Bakkafrost P/F Cyclically Adjusted Book per Share Related Terms


Bakkafrost P/F Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bakkafrost P/F's Cyclically Adjusted Book per Share 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.

Bakkafrost P/F Cyclically Adjusted Book per Share Chart

Bakkafrost P/F Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.48 14.03 16.33 16.47 22.20

Bakkafrost P/F Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 20.11 21.46 22.70 22.20 23.70

BKFKF vs ADM, BG, TSN: Cyclically Adjusted Book per Share Comparison

For the Farm Products subindustry, Bakkafrost P/F'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.


Bakkafrost P/F Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bakkafrost P/F's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bakkafrost P/F's Cyclically Adjusted PB Ratio falls into.


BKFKF
88GF Score
Bakkafrost P/F BKFKF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bakkafrost P/F Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bakkafrost P/F's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=29.599/330.2130*330.2130
=29.599

Current CPI (Mar. 2026) = 330.2130.

Bakkafrost P/F Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.181 241.018 11.209
201609 9.279 241.428 12.691
201612 10.343 241.432 14.146
201703 10.713 243.801 14.510
201706 11.165 244.955 15.051
201709 12.042 246.819 16.111
201712 11.844 246.524 15.865
201803 13.229 249.554 17.505
201806 11.988 251.989 15.709
201809 13.103 252.439 17.140
201812 12.759 251.233 16.770
201903 13.324 254.202 17.308
201906 12.672 256.143 16.336
201909 16.602 256.759 21.352
201912 20.949 256.974 26.920
202003 20.336 258.115 26.016
202006 21.924 257.797 28.083
202009 23.499 260.280 29.813
202012 24.176 260.474 30.649
202103 24.879 264.877 31.016
202106 25.770 271.696 31.320
202109 25.507 274.310 30.705
202112 24.043 278.802 28.477
202203 23.680 287.504 27.198
202206 24.705 296.311 27.532
202209 23.675 296.808 26.340
202212 25.040 296.797 27.859
202303 26.486 301.836 28.976
202306 25.251 305.109 27.329
202309 25.329 307.789 27.174
202312 26.841 306.746 28.894
202403 27.855 312.332 29.450
202406 26.051 314.175 27.381
202409 26.750 315.301 28.015
202412 26.450 315.605 27.674
202503 27.192 319.799 28.077
202506 27.203 322.561 27.848
202509 27.726 324.800 28.188
202512 29.196 324.054 29.751
202603 29.599 330.213 29.599

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $23.70 mean?
Bakkafrost P/F (BKFKF) has a Cyclically Adjusted Book per Share of $23.70 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Bakkafrost P/F and its competitors.
Is Bakkafrost P/F's Cyclically Adjusted Book per Share too high?
Bakkafrost P/F's current Cyclically Adjusted Book per Share is $23.70. Overall, Bakkafrost P/F has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bakkafrost P/F's Cyclically Adjusted Book per Share compare to ADM and BG?
Bakkafrost P/F's Cyclically Adjusted Book per Share of $23.70 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Bakkafrost P/F and its competitors. Bakkafrost P/F's current Cyclically Adjusted Book per Share is $23.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bakkafrost P/F stock overvalued right now?
Based on GuruFocus' analysis, Bakkafrost P/F (BKFKF) is currently considered Modestly Undervalued. The stock's GF Value™ is $59.23, compared to a current price of $46.78 — trading 21% below its estimated fair value. The current Cyclically Adjusted Book per Share is $23.70. Bakkafrost P/F's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Bakkafrost P/F (BKFKF), the current Cyclically Adjusted Book per Share is $23.70 as of Mar. 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 Bakkafrost P/F (BKFKF) Overvalued in 2026?

Based on GuruFocus' analysis, Bakkafrost P/F stock appears to be undervalued. The current stock price of $46.78 is trading 21% below its estimated GF Value™ of $59.23. GuruFocus considers Bakkafrost P/F to be Modestly Undervalued.

Key valuation signals for BKFKF:

  • Cyclically Adjusted Book per Share: $23.70
  • GF Value™: $59.23 vs. price of $46.78 (21% below fair value)
  • GF Score™: 88/100 with 5 warning signs

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


Bakkafrost P/F Business Description

Address Bakkavegur 9, P.O. Box 221, Glyvrar, FRO, FO-625
Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into segments namely, Fishmeal, oil and feed segment, Freshwater Faroe Islands segment, Freshwater Scotland segment, Farming Faroe Islands segment, Farming Scotland segment, services, sales, and others. Geographically, the company derives maximum revenue from Western Europe.
88GF Score

Get the complete analysis for BKFKF

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

$46.78
Price
$59.23
GF Value