GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 Sor Norge ASA (LTS:0Q57) » Definitions » Cyclically Adjusted Book per Share

SpareBank 1 Sor Norge ASA (LTS:0Q57) Cyclically Adjusted Book per Share : kr112.58 (As of Mar. 2025)


View and export this data going back to 2014. Start your Free Trial

What is SpareBank 1 Sor Norge ASA Cyclically Adjusted Book per Share?

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.

SpareBank 1 Sor Norge ASA's adjusted book value per share for the three months ended in Mar. 2025 was kr144.745. 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 kr112.58 for the trailing ten years ended in Mar. 2025.

During the past 12 months, SpareBank 1 Sor Norge ASA's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.40% 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 SpareBank 1 Sor Norge ASA was 9.80% per year. The lowest was 4.70% per year. And the median was 8.35% per year.

As of today (2025-05-30), SpareBank 1 Sor Norge ASA's current stock price is kr176.40. SpareBank 1 Sor Norge ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr112.58. SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio of today is 1.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SpareBank 1 Sor Norge ASA was 1.67. The lowest was 0.73. And the median was 1.30.


SpareBank 1 Sor Norge ASA Cyclically Adjusted Book per Share Historical Data

The historical data trend for SpareBank 1 Sor Norge 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.

* Premium members only.

SpareBank 1 Sor Norge ASA Cyclically Adjusted Book per Share Chart

SpareBank 1 Sor Norge ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.65 82.56 93.52 101.76 109.41

SpareBank 1 Sor Norge ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 102.95 105.67 107.27 109.41 112.58

Competitive Comparison of SpareBank 1 Sor Norge ASA's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, SpareBank 1 Sor Norge 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.


SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio falls into.


;
;

SpareBank 1 Sor Norge 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, SpareBank 1 Sor Norge ASA's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=144.745/136.1000*136.1000
=144.745

Current CPI (Mar. 2025) = 136.1000.

SpareBank 1 Sor Norge ASA Quarterly Data

Book Value per Share CPI Adj_Book
201506 62.559 100.100 85.058
201509 64.018 100.600 86.609
201512 66.141 100.900 89.215
201603 67.684 102.500 89.871
201606 67.157 103.800 88.055
201609 69.355 104.200 90.587
201612 71.538 104.400 93.260
201703 72.911 105.000 94.507
201706 73.310 105.800 94.305
201709 75.658 105.900 97.234
201712 77.830 106.100 99.837
201803 79.792 107.300 101.209
201806 77.868 108.500 97.676
201809 82.170 109.500 102.131
201812 84.427 109.800 104.649
201903 90.443 110.400 111.497
201906 90.331 110.600 111.158
201909 92.486 111.100 113.297
201912 97.137 111.300 118.781
202003 97.787 111.200 119.684
202006 98.552 112.100 119.651
202009 100.748 112.900 121.451
202012 103.188 112.900 124.392
202103 100.350 114.600 119.177
202106 103.315 115.300 121.953
202109 103.051 117.500 119.364
202112 106.292 118.900 121.668
202203 109.557 119.800 124.463
202206 106.136 122.600 117.823
202209 109.506 125.600 118.661
202212 112.184 125.900 121.273
202303 116.979 127.600 124.771
202306 116.305 130.400 121.389
202309 121.521 129.800 127.419
202312 127.014 131.900 131.058
202403 130.656 132.600 134.105
202406 129.146 133.800 131.366
202409 136.681 133.700 139.135
202412 140.228 134.800 141.580
202503 144.745 136.100 144.745

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


SpareBank 1 Sor Norge ASA  (LTS:0Q57) 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.

SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=176.40/112.58
=1.57

* 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 SpareBank 1 Sor Norge ASA was 1.67. The lowest was 0.73. And the median was 1.30.


Be Aware

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


SpareBank 1 Sor Norge ASA Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of SpareBank 1 Sor Norge ASA's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SpareBank 1 Sor Norge ASA Business Description

Industry
Traded in Other Exchanges
Address
Christen Tranesgate 35, Stavanger, NOR, 4007
SpareBank 1 Sor Norge ASA is a regional bank engaged in selling and procuring a wide range of financial products and services, including investment services, leasing, estate agency, and accounting services. The company's reportable segments are Retail market, which generates maximum revenue, Corporate market, SME and agriculture, and Other.

SpareBank 1 Sor Norge ASA Headlines

No Headlines