Skagi hf (OISE:VIS) Cyclically Adjusted Book per Share: kr11.64 (As of Mar. 2026)


OISE:VIS Skagi hf OISE:VIS
68 GF Score
Price kr18.45
GF Value kr22.01
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Skagi hf Cyclically Adjusted Book per Share?

Skagi hf OISE:VIS -1.08% 68 Cyclically Adjusted Book per Share is kr11.64 as of Mar. 2026. GuruFocus rates OISE:VIS with a GF Score™ of 68/100 and a GF Value™ of kr22.01 (Modestly Undervalued). The stock has 3 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.

Skagi hf's adjusted book value per share for the three months ended in Mar. 2026 was kr11.817. 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 kr11.64 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Skagi hf's average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% 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 Skagi hf was 7.20% per year. The lowest was 5.90% per year. And the median was 6.55% per year.

As of today (2026-07-09), Skagi hf's current stock price is kr18.45. Skagi hf's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr11.64. Skagi hf's Cyclically Adjusted PB Ratio of today is 1.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Skagi hf was 2.53. The lowest was 1.36. And the median was 1.75.


Skagi hf  (OISE:VIS) 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.

Skagi hf's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.45/11.64
=1.59

* 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 Skagi hf was 2.53. The lowest was 1.36. And the median was 1.75.


Be Aware

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


Skagi hf Cyclically Adjusted Book per Share Related Terms


Skagi hf Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Skagi hf'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.

Skagi hf Cyclically Adjusted Book per Share Chart

Skagi hf 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 8.86 9.76 10.47 10.91 11.59

Skagi hf 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 11.08 11.34 11.43 11.59 11.64

OISE:VIS vs BRK.A, AIG, HIG: Cyclically Adjusted Book per Share Comparison

For the Insurance - Diversified subindustry, Skagi hf'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.


Skagi hf Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Skagi hf's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Skagi hf's Cyclically Adjusted PB Ratio falls into.


OISE:VIS
68GF Score
Skagi hf OISE:VIS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Skagi hf 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, Skagi hf'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)
=11.817/158.5100*158.5100
=11.817

Current CPI (Mar. 2026) = 158.5100.

Skagi hf Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.957 101.923 7.709
201609 7.010 102.457 10.845
201612 7.522 102.562 11.625
201703 7.339 102.768 11.320
201706 7.358 103.496 11.269
201709 7.553 103.871 11.526
201712 7.804 104.481 11.840
201803 7.269 105.600 10.911
201806 7.004 106.206 10.453
201809 7.690 106.727 11.421
201812 7.806 108.388 11.416
201903 7.226 108.702 10.537
201906 7.884 109.758 11.386
201909 9.554 109.922 13.777
201912 8.120 110.588 11.639
202003 7.012 111.019 10.012
202006 7.879 112.667 11.085
202009 8.529 113.772 11.883
202012 8.969 114.542 12.412
202103 9.044 115.833 12.376
202106 10.206 117.451 13.774
202109 11.408 118.723 15.231
202112 12.816 120.398 16.873
202203 9.365 123.555 12.014
202206 9.925 127.809 12.309
202209 10.014 129.810 12.228
202212 11.426 131.901 13.731
202303 9.095 135.674 10.626
202306 10.047 139.150 11.445
202309 9.278 140.147 10.494
202312 11.089 142.125 12.367
202403 11.062 144.910 12.100
202406 10.606 147.267 11.416
202409 10.843 147.722 11.635
202412 11.726 148.871 12.485
202503 11.015 150.393 11.610
202506 11.259 153.367 11.637
202509 11.645 153.800 12.002
202512 12.561 155.560 12.799
202603 11.817 158.510 11.817

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 kr11.64 mean?
Skagi hf (OISE:VIS) has a Cyclically Adjusted Book per Share of kr11.64 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 Skagi hf and its competitors.
Is Skagi hf's Cyclically Adjusted Book per Share too high?
Skagi hf's current Cyclically Adjusted Book per Share is kr11.64. Overall, Skagi hf has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Skagi hf's Cyclically Adjusted Book per Share compare to BRK.A and AIG?
Skagi hf's Cyclically Adjusted Book per Share of kr11.64 can be compared against companies in the Insurance 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 Insurance company?
A good Cyclically Adjusted Book per Share depends on the Insurance 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 Skagi hf and its competitors. Skagi hf's current Cyclically Adjusted Book per Share is kr11.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skagi hf stock overvalued right now?
Based on GuruFocus' analysis, Skagi hf (OISE:VIS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr22.01, compared to a current price of kr18.45 — trading 16.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is kr11.64. Skagi hf's overall GF Score™ is 68/100 with 3 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 Skagi hf (OISE:VIS), the current Cyclically Adjusted Book per Share is kr11.64 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 Skagi hf (OISE:VIS) Overvalued in 2026?

Based on GuruFocus' analysis, Skagi hf stock appears to be undervalued. The current stock price of kr18.45 is trading 16.2% below its estimated GF Value™ of kr22.01. GuruFocus considers Skagi hf to be Modestly Undervalued.

Key valuation signals for OISE:VIS:

  • Cyclically Adjusted Book per Share: kr11.64
  • GF Value™: kr22.01 vs. price of kr18.45 (16.2% below fair value)
  • GF Score™: 68/100 with 3 warning signs

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


Skagi hf Business Description

Address Armuli 3, Reykjavik, ISL, 108
Skagi hf is engaged in financial services sector. The Group operates through three operating segments: Insurance Operations, Insurance Investments, and Financial Services. Insurance Operations comprises the core insurance activities, including the underwriting of life, health, and general insurance products. Insurance Investments includes the management of assets backing insurance liabilities as well as proprietary investment activities. The Financial Services segment comprises activities such as asset management, loans to customers, and other noninsurance financial products. Key revenue is generated from Insurance operations.
68GF Score

Get the complete analysis for OISE:VIS

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

kr18.45
Price
kr22.01
GF Value