Grieg Seafood ASA (FRA:GR8) Cyclically Adjusted Book per Share: €4.00 (As of Dec. 2025)


FRA:GR8 Grieg Seafood ASA FRA:GR8
70 GF Score
Price €2.49
GF Value €3.66
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Grieg Seafood ASA Cyclically Adjusted Book per Share?

Grieg Seafood ASA FRA:GR8 -3.71% 70 Cyclically Adjusted Book per Share is €4.00 as of Dec. 2025. GuruFocus rates FRA:GR8 with a GF Score™ of 70/100 and a GF Value™ of €3.66 (Significantly 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.

Grieg Seafood ASA's adjusted book value per share for the three months ended in Dec. 2025 was €3.389. 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 €4.00 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Grieg Seafood ASA's average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.00% 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 Grieg Seafood ASA was 16.10% per year. The lowest was 9.90% per year. And the median was 12.30% per year.

As of today (2026-07-09), Grieg Seafood ASA's current stock price is €2.49. Grieg Seafood ASA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €4.00. Grieg Seafood ASA's Cyclically Adjusted PB Ratio of today is 0.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Grieg Seafood ASA was 6.01. The lowest was 0.59. And the median was 2.98.


Grieg Seafood ASA  (FRA:GR8) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.49/4.00
=0.62

* 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 Grieg Seafood ASA was 6.01. The lowest was 0.59. And the median was 2.98.


Be Aware

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


Grieg Seafood ASA Cyclically Adjusted Book per Share Related Terms


Grieg Seafood ASA Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Grieg Seafood ASA'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.

Grieg Seafood ASA Cyclically Adjusted Book per Share Chart

Grieg Seafood ASA 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 3.01 3.42 3.69 3.71 4.00

Grieg Seafood ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.71 3.65 3.98 4.07 4.00

FRA:GR8 vs ADM, BG, TSN: Cyclically Adjusted Book per Share Comparison

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 Cyclically Adjusted PB Ratio vs 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.


FRA:GR8
70GF Score
Grieg Seafood ASA FRA:GR8
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grieg Seafood ASA 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, Grieg Seafood ASA's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=3.389/139.1000*139.1000
=3.389

Current CPI (Dec. 2025) = 139.1000.

Grieg Seafood ASA Quarterly Data

Book Value per Share CPI Adj_Book
201603 2.261 102.500 3.068
201606 2.490 103.800 3.337
201609 2.649 104.200 3.536
201612 3.160 104.400 4.210
201703 3.073 105.000 4.071
201706 2.859 105.800 3.759
201709 3.079 105.900 4.044
201712 3.040 106.100 3.986
201803 3.284 107.300 4.257
201806 3.270 108.500 4.192
201809 3.442 109.500 4.372
201812 3.538 109.800 4.482
201903 3.820 110.400 4.813
201906 3.724 110.600 4.684
201909 3.477 111.100 4.353
201912 3.688 111.300 4.609
202003 3.004 111.200 3.758
202006 3.758 112.100 4.663
202009 3.613 112.900 4.451
202012 3.675 112.900 4.528
202103 3.958 114.600 4.804
202106 4.099 115.300 4.945
202109 4.258 117.500 5.041
202112 4.881 118.900 5.710
202203 5.737 119.800 6.661
202206 5.909 122.600 6.704
202209 5.769 125.600 6.389
202212 5.528 125.900 6.108
202303 5.563 127.600 6.064
202306 4.624 130.400 4.933
202309 4.805 129.800 5.149
202312 5.170 131.900 5.452
202403 4.937 132.600 5.179
202406 4.261 133.800 4.430
202409 4.108 133.700 4.274
202412 3.073 134.800 3.171
202503 4.320 136.100 4.415
202506 4.015 137.800 4.053
202509 3.685 138.500 3.701
202512 3.389 139.100 3.389

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 €4.00 mean?
Grieg Seafood ASA (FRA:GR8) has a Cyclically Adjusted Book per Share of €4.00 as of Dec. 2025. 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 Grieg Seafood ASA and its competitors.
Is Grieg Seafood ASA's Cyclically Adjusted Book per Share too high?
Grieg Seafood ASA's current Cyclically Adjusted Book per Share is €4.00. Overall, Grieg Seafood ASA has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grieg Seafood ASA's Cyclically Adjusted Book per Share compare to ADM and BG?
Grieg Seafood ASA's Cyclically Adjusted Book per Share of €4.00 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 Grieg Seafood ASA and its competitors. Grieg Seafood ASA's current Cyclically Adjusted Book per Share is €4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grieg Seafood ASA stock overvalued right now?
Based on GuruFocus' analysis, Grieg Seafood ASA (FRA:GR8) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.66, compared to a current price of €2.49 — trading 32% below its estimated fair value. The current Cyclically Adjusted Book per Share is €4.00. Grieg Seafood ASA's overall GF Score™ is 70/100 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 Grieg Seafood ASA (FRA:GR8), the current Cyclically Adjusted Book per Share is €4.00 as of Dec. 2025. 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 Grieg Seafood ASA (FRA:GR8) Overvalued in 2026?

Based on GuruFocus' analysis, Grieg Seafood ASA stock appears to be undervalued. The current stock price of €2.49 is trading 32% below its estimated GF Value™ of €3.66. GuruFocus considers Grieg Seafood ASA to be Significantly Undervalued.

Key valuation signals for FRA:GR8:

  • Cyclically Adjusted Book per Share: €4.00
  • GF Value™: €3.66 vs. price of €2.49 (32% below fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the FRA:GR8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grieg Seafood ASA Business Description

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. The product portfolio of the company includes fresh whole fish, freshly processed fish, frozen processed fish, frozen whole fish, and other products.
70GF Score

Get the complete analysis for FRA:GR8

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

€2.49
Price
€3.66
GF Value