Santierul Naval Orsova (BSE:SNO) Cyclically Adjusted Book per Share: lei9.34 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BSE:SNO Santierul Naval Orsova SA BSE:SNO
66 GF Score
Price lei32.20
GF Value lei9.64
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Santierul Naval Orsova Cyclically Adjusted Book per Share?

Santierul Naval Orsova BSE:SNO -3.14% 66 Cyclically Adjusted Book per Share is lei9.34 as of Mar. 2026. GuruFocus rates BSE:SNO with a GF Score™ of 66/100 and a GF Value™ of lei9.64 (Significantly Overvalued). The stock has 4 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.

Santierul Naval Orsova's adjusted book value per share for the three months ended in Mar. 2026 was lei8.792. 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 lei9.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Santierul Naval Orsova's average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.50% 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 Santierul Naval Orsova was 1.50% per year. The lowest was 0.50% per year. And the median was 1.00% per year.

As of today (2026-07-21), Santierul Naval Orsova's current stock price is lei32.20. Santierul Naval Orsova's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was lei9.34. Santierul Naval Orsova's Cyclically Adjusted PB Ratio of today is 3.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Santierul Naval Orsova was 3.41. The lowest was 0.40. And the median was 0.71.


Santierul Naval Orsova  (BSE:SNO) 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.

Santierul Naval Orsova's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.20/9.34
=3.45

* 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 Santierul Naval Orsova was 3.41. The lowest was 0.40. And the median was 0.71.


Be Aware

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


Santierul Naval Orsova Cyclically Adjusted Book per Share Related Terms


Santierul Naval Orsova Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Santierul Naval Orsova'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.

Santierul Naval Orsova Cyclically Adjusted Book per Share Chart

Santierul Naval Orsova 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 8.79 9.06 9.13 9.18 9.20

Santierul Naval Orsova 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 9.24 9.27 9.28 9.20 9.34

BSE:SNO vs SPCX, GE, RTX: Cyclically Adjusted Book per Share Comparison

For the Aerospace & Defense subindustry, Santierul Naval Orsova'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.


Santierul Naval Orsova Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Santierul Naval Orsova's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Santierul Naval Orsova's Cyclically Adjusted PB Ratio falls into.


BSE:SNO
66GF Score
Santierul Naval Orsova SA BSE:SNO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Santierul Naval Orsova 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, Santierul Naval Orsova'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)
=8.792/330.2130*330.2130
=8.792

Current CPI (Mar. 2026) = 330.2130.

Santierul Naval Orsova Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.622 241.018 10.443
201609 7.694 241.428 10.523
201612 7.746 241.432 10.594
201703 7.692 243.801 10.418
201706 0.000 244.955 0.000
201709 7.655 246.819 10.241
201712 7.828 246.524 10.485
201803 7.836 249.554 10.369
201806 7.812 251.989 10.237
201809 7.783 252.439 10.181
201812 8.317 251.233 10.932
201903 8.443 254.202 10.968
201906 8.266 256.143 10.656
201909 8.407 256.759 10.812
201912 8.383 256.974 10.772
202003 8.469 258.115 10.835
202006 8.196 257.797 10.498
202009 8.454 260.280 10.725
202012 8.524 260.474 10.806
202103 8.660 264.877 10.796
202106 7.509 271.696 9.126
202109 7.493 274.310 9.020
202112 7.771 278.802 9.204
202203 7.627 287.504 8.760
202206 7.558 296.311 8.423
202209 7.581 296.808 8.434
202212 6.827 296.797 7.596
202303 6.783 301.836 7.421
202306 6.881 305.109 7.447
202309 7.193 307.789 7.717
202312 7.129 306.746 7.674
202403 7.195 312.332 7.607
202406 7.582 314.175 7.969
202409 7.641 315.301 8.002
202412 7.681 315.605 8.037
202503 7.752 319.799 8.004
202506 7.405 322.561 7.581
202509 7.512 324.800 7.637
202512 8.288 324.054 8.446
202603 8.792 330.213 8.792

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 lei9.34 mean?
Santierul Naval Orsova (BSE:SNO) has a Cyclically Adjusted Book per Share of lei9.34 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 Santierul Naval Orsova and its competitors.
Is Santierul Naval Orsova's Cyclically Adjusted Book per Share too high?
Santierul Naval Orsova's current Cyclically Adjusted Book per Share is lei9.34. Overall, Santierul Naval Orsova has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Santierul Naval Orsova's Cyclically Adjusted Book per Share compare to SPCX and GE?
Santierul Naval Orsova's Cyclically Adjusted Book per Share of lei9.34 can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Cyclically Adjusted Book per Share depends on the Aerospace & Defense 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 Santierul Naval Orsova and its competitors. Santierul Naval Orsova's current Cyclically Adjusted Book per Share is lei9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Santierul Naval Orsova stock overvalued right now?
Based on GuruFocus' analysis, Santierul Naval Orsova (BSE:SNO) is currently considered Significantly Overvalued. The stock's GF Value™ is lei9.64, compared to a current price of lei32.20 — trading 234% above its estimated fair value. The current Cyclically Adjusted Book per Share is lei9.34. Santierul Naval Orsova's overall GF Score™ is 66/100 with 4 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 Santierul Naval Orsova (BSE:SNO), the current Cyclically Adjusted Book per Share is lei9.34 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 Santierul Naval Orsova (BSE:SNO) Overvalued in 2026?

Based on GuruFocus' analysis, Santierul Naval Orsova stock appears to be overvalued. The current stock price of lei32.20 is trading 234% above its estimated GF Value™ of lei9.64. GuruFocus considers Santierul Naval Orsova to be Significantly Overvalued.

Key valuation signals for BSE:SNO:

  • Cyclically Adjusted Book per Share: lei9.34
  • GF Value™: lei9.64 vs. price of lei32.20 (234% above fair value)
  • GF Score™: 66/100 with 4 warning signs

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


Santierul Naval Orsova Business Description

Address Tufari Street, Number 4, Orsova, Mehedinti, ROU, 225200
Santierul Naval Orsova SA is engaged in the construction and repair of ships and floating structures. The company's two main activities are the Construction of ship hulls, which are intended for export, and the provision of vessels reparation services, for the internal and external market. Its product portfolio includes barges, container hulls, pontoons, tankers, hopper barges and pusher vessels.
66GF Score

Get the complete analysis for BSE:SNO

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

lei32.20
Price
lei9.64
GF Value