EAM Solar AS (OSL:EAM) Cyclically Adjusted Book per Share: kr6.37 (As of Mar. 2026)


OSL:EAM EAM Solar AS OSL:EAM
31 GF Score
Price kr1.15
GF Value kr0.54
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is EAM Solar AS Cyclically Adjusted Book per Share?

EAM Solar AS OSL:EAM +15.00% 31 Cyclically Adjusted Book per Share is kr6.37 as of Mar. 2026. GuruFocus rates OSL:EAM with a GF Score™ of 31/100 and a GF Value™ of kr0.54 (Significantly Overvalued). The stock has 6 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.

EAM Solar AS's adjusted book value per share for the three months ended in Mar. 2026 was kr0.688. 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 kr6.37 for the trailing ten years ended in Mar. 2026.

During the past 12 months, EAM Solar AS's average Cyclically Adjusted Book Growth Rate was -12.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -42.20% 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 EAM Solar AS was -35.20% per year. The lowest was -42.20% per year. And the median was -38.70% per year.

As of today (2026-07-01), EAM Solar AS's current stock price is kr1.15. EAM Solar AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr6.37. EAM Solar AS's Cyclically Adjusted PB Ratio of today is 0.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of EAM Solar AS was 1.00. The lowest was 0.03. And the median was 0.15.


EAM Solar AS  (OSL:EAM) 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.

EAM Solar AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.15/6.37
=0.18

* 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 EAM Solar AS was 1.00. The lowest was 0.03. And the median was 0.15.


Be Aware

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


EAM Solar AS Cyclically Adjusted Book per Share Related Terms


EAM Solar AS Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for EAM Solar AS'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.

EAM Solar AS Cyclically Adjusted Book per Share Chart

EAM Solar AS 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 31.70 26.97 18.14 8.61 5.22

EAM Solar AS 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 7.24 5.85 4.31 5.22 6.37

EAM Solar AS Cyclically Adjusted Book per Share Competitor Comparison

For the Utilities - Renewable subindustry, EAM Solar AS'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.


EAM Solar AS Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, EAM Solar AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where EAM Solar AS's Cyclically Adjusted PB Ratio falls into.


OSL:EAM
31GF Score
EAM Solar AS OSL:EAM
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EAM Solar AS 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, EAM Solar AS'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)
=0.688/139.1000*139.1000
=0.688

Current CPI (Mar. 2026) = 139.1000.

EAM Solar AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 -42.043 103.800 -56.341
201609 15.899 104.200 21.224
201612 14.742 104.400 19.642
201703 12.792 105.000 16.946
201706 14.141 105.800 18.592
201709 10.622 105.900 13.952
201712 11.196 106.100 14.678
201803 10.040 107.300 13.016
201806 9.303 108.500 11.927
201809 9.735 109.500 12.367
201812 9.429 109.800 11.945
201903 8.789 110.400 11.074
201906 8.601 110.600 10.817
201909 9.833 111.100 12.311
201912 9.013 111.300 11.264
202003 8.776 111.200 10.978
202006 8.487 112.100 10.531
202009 9.036 112.900 11.133
202012 8.408 112.900 10.359
202103 7.653 114.600 9.289
202106 7.154 115.300 8.631
202109 6.559 117.500 7.765
202112 5.639 118.900 6.597
202203 5.062 119.800 5.877
202206 4.814 122.600 5.462
202209 4.613 125.600 5.109
202212 3.321 125.900 3.669
202303 3.077 127.600 3.354
202306 2.498 130.400 2.665
202309 2.135 129.800 2.288
202312 1.660 131.900 1.751
202403 1.493 132.600 1.566
202406 1.020 133.800 1.060
202409 0.877 133.700 0.912
202412 0.466 134.800 0.481
202503 0.318 136.100 0.325
202506 0.423 137.800 0.427
202509 0.421 138.500 0.423
202512 0.235 139.100 0.235
202603 0.688 139.100 0.688

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 kr6.37 mean?
EAM Solar AS (OSL:EAM) has a Cyclically Adjusted Book per Share of kr6.37 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 EAM Solar AS and its competitors.
Is EAM Solar AS's Cyclically Adjusted Book per Share too high?
EAM Solar AS's current Cyclically Adjusted Book per Share is kr6.37. Overall, EAM Solar AS has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EAM Solar AS's Cyclically Adjusted Book per Share compare to competitors?
EAM Solar AS's Cyclically Adjusted Book per Share of kr6.37 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Cyclically Adjusted Book per Share depends on the Utilities - Independent Power Producers 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 EAM Solar AS and its competitors. EAM Solar AS's current Cyclically Adjusted Book per Share is kr6.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EAM Solar AS stock overvalued right now?
Based on GuruFocus' analysis, EAM Solar AS (OSL:EAM) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.54, compared to a current price of kr1.15 — trading 113% above its estimated fair value. The current Cyclically Adjusted Book per Share is kr6.37. EAM Solar AS's overall GF Score™ is 31/100 with 6 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 EAM Solar AS (OSL:EAM), the current Cyclically Adjusted Book per Share is kr6.37 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 EAM Solar AS (OSL:EAM) Overvalued in 2026?

Based on GuruFocus' analysis, EAM Solar AS stock appears to be overvalued. The current stock price of kr1.15 is trading 113% above its estimated GF Value™ of kr0.54. GuruFocus considers EAM Solar AS to be Significantly Overvalued.

Key valuation signals for OSL:EAM:

  • Cyclically Adjusted Book per Share: kr6.37
  • GF Value™: kr0.54 vs. price of kr1.15 (113% above fair value)
  • GF Score™: 31/100 with 6 warning signs

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


EAM Solar AS Business Description

Other Exchanges 0QDW:UKEA20:Germany
Address Karenslyst Alle 10, Oslo, NOR, 0278
EAM Solar AS primary business is to own solar PV power plants and sell electricity under long-term fixed-price sales contracts, and to pursue legal proceedings to restore company values. The Company's primary assets include four solar PV power plants in Italy, in the regions of Apulia and Basilicata in Southern Italy.
31GF Score

Get the complete analysis for OSL:EAM

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

kr1.15
Price
kr0.54
GF Value