Bakkafrost P/F (FRA:6BF) Cyclically Adjusted Book per Share: €20.04 (As of Mar. 2026)

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FRA:6BF Bakkafrost P/F FRA:6BF
95 GF Score
Price €41.34
GF Value €51.14
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Bakkafrost P/F Cyclically Adjusted Book per Share?

Bakkafrost P/F FRA:6BF -1.57% 95 Cyclically Adjusted Book per Share is €20.04 as of Mar. 2026. GuruFocus rates FRA:6BF with a GF Score™ of 95/100 and a GF Value™ of €51.14 (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 €25.603. 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 €20.04 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 (2026-07-31), Bakkafrost P/F's current stock price is €41.34. Bakkafrost P/F's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €20.04. Bakkafrost P/F's Cyclically Adjusted PB Ratio of today is 2.06.

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  (FRA:6BF) 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
=41.34/20.04
=2.06

* 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 10.93 13.25 14.59 16.18 18.38

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 17.52 17.34 18.43 18.38 20.04

FRA:6BF 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.


FRA:6BF
95GF Score
Bakkafrost P/F FRA:6BF
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)
=25.603/330.2130*330.2130
=25.603

Current CPI (Mar. 2026) = 330.2130.

Bakkafrost P/F Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.281 241.018 9.976
201609 8.267 241.428 11.307
201612 9.805 241.432 13.411
201703 10.017 243.801 13.567
201706 9.937 244.955 13.396
201709 10.103 246.819 13.517
201712 10.008 246.524 13.405
201803 10.728 249.554 14.195
201806 10.261 251.989 13.446
201809 11.229 252.439 14.689
201812 11.215 251.233 14.741
201903 11.792 254.202 15.318
201906 11.215 256.143 14.458
201909 15.074 256.759 19.386
201912 18.854 256.974 24.227
202003 18.404 258.115 23.545
202006 19.468 257.797 24.937
202009 19.951 260.280 25.312
202012 19.873 260.474 25.194
202103 20.899 264.877 26.054
202106 21.389 271.696 25.996
202109 21.681 274.310 26.099
202112 21.278 278.802 25.202
202203 21.502 287.504 24.696
202206 23.371 296.311 26.045
202209 23.911 296.808 26.602
202212 23.637 296.797 26.298
202303 24.738 301.836 27.064
202306 23.307 305.109 25.225
202309 23.734 307.789 25.463
202312 24.614 306.746 26.497
202403 25.626 312.332 27.093
202406 24.201 314.175 25.436
202409 24.102 315.301 25.242
202412 25.260 315.605 26.429
202503 25.152 319.799 25.971
202506 23.585 322.561 24.144
202509 23.623 324.800 24.017
202512 24.934 324.054 25.408
202603 25.603 330.213 25.603

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 €20.04 mean?
Bakkafrost P/F (FRA:6BF) has a Cyclically Adjusted Book per Share of €20.04 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 €20.04. Overall, Bakkafrost P/F has a GF Score™ of 95/100 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 €20.04 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 €20.04. 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 (FRA:6BF) is currently considered Modestly Undervalued. The stock's GF Value™ is €51.14, compared to a current price of €41.34 — trading 19.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is €20.04. Bakkafrost P/F's overall GF Score™ is 95/100 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 (FRA:6BF), the current Cyclically Adjusted Book per Share is €20.04 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 (FRA:6BF) Overvalued in 2026?

Based on GuruFocus' analysis, Bakkafrost P/F stock appears to be undervalued. The current stock price of €41.34 is trading 19.2% below its estimated GF Value™ of €51.14. GuruFocus considers Bakkafrost P/F to be Modestly Undervalued.

Key valuation signals for FRA:6BF:

  • Cyclically Adjusted Book per Share: €20.04
  • GF Value™: €51.14 vs. price of €41.34 (19.2% below fair value)
  • GF Score™: 95/100 with 5 warning signs

No single metric tells the full story. See the FRA:6BF 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.
95GF Score

Get the complete analysis for FRA:6BF

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

€41.34
Price
€51.14
GF Value