SpareBank 1 Ostlandet (OSL:SPOL) Cyclically Adjusted Book per Share: kr176.91 (As of Mar. 2026)


OSL:SPOL SpareBank 1 Ostlandet OSL:SPOL
63 GF Score
Price kr189.74
GF Value kr165.17
Valuation Modestly Overvalued
! 4 Warning Signs
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What is SpareBank 1 Ostlandet Cyclically Adjusted Book per Share?

SpareBank 1 Ostlandet OSL:SPOL +0.53% 63 Cyclically Adjusted Book per Share is kr176.91 as of Mar. 2026. GuruFocus rates OSL:SPOL with a GF Score™ of 63/100 and a GF Value™ of kr165.17 (Modestly Overvalued). The stock has 4 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.

SpareBank 1 Ostlandet's adjusted book value per share for the three months ended in Mar. 2026 was kr191.308. 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 kr176.91 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-06-30), SpareBank 1 Ostlandet's current stock price is kr189.74. SpareBank 1 Ostlandet's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr176.91. SpareBank 1 Ostlandet's Cyclically Adjusted PB Ratio of today is 1.07.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of SpareBank 1 Ostlandet was 1.22. The lowest was 1.01. And the median was 1.11.


SpareBank 1 Ostlandet  (OSL:SPOL) 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 Ostlandet's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=189.74/176.91
=1.07

* 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 12 years, the highest Cyclically Adjusted PB Ratio of SpareBank 1 Ostlandet was 1.22. The lowest was 1.01. And the median was 1.11.


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 Ostlandet Cyclically Adjusted Book per Share Related Terms


SpareBank 1 Ostlandet Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for SpareBank 1 Ostlandet'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.

SpareBank 1 Ostlandet Cyclically Adjusted Book per Share Chart

SpareBank 1 Ostlandet 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 0.00 0.00 0.00 0.00 176.52

SpareBank 1 Ostlandet 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 0.00 169.87 173.33 176.52 176.91

SpareBank 1 Ostlandet Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, SpareBank 1 Ostlandet'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 Ostlandet Cyclically Adjusted PB Ratio vs Banks Industry

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

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


OSL:SPOL
63GF Score
SpareBank 1 Ostlandet OSL:SPOL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SpareBank 1 Ostlandet 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 Ostlandet'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)
=191.308/139.1000*139.1000
=191.308

Current CPI (Mar. 2026) = 139.1000.

SpareBank 1 Ostlandet Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 103.800 0.000
201609 0.000 104.200 0.000
201612 113.208 104.400 150.836
201703 115.658 105.000 153.219
201706 116.632 105.800 153.341
201709 120.324 105.900 158.046
201712 123.412 106.100 161.797
201803 120.436 107.300 156.129
201806 123.951 108.500 158.909
201809 127.216 109.500 161.605
201812 127.116 109.800 161.037
201903 125.244 110.400 157.803
201906 129.397 110.600 162.741
201909 135.354 111.100 169.467
201912 136.303 111.300 170.348
202003 132.910 111.200 166.257
202006 139.282 112.100 172.829
202009 142.813 112.900 175.955
202012 146.957 112.900 181.060
202103 148.450 114.600 180.187
202106 152.620 115.300 184.124
202109 160.822 117.500 190.386
202112 160.494 118.900 187.760
202203 157.377 119.800 182.731
202206 160.615 122.600 182.231
202209 166.019 125.600 183.863
202212 168.445 125.900 186.106
202303 163.913 127.600 178.686
202306 169.093 130.400 180.375
202309 172.201 129.800 184.539
202312 176.087 131.900 185.699
202403 176.061 132.600 184.691
202406 185.082 133.800 192.413
202409 191.927 133.700 199.679
202412 190.783 134.800 196.869
202503 183.290 136.100 187.330
202506 190.016 137.800 191.809
202509 196.565 138.500 197.417
202512 202.841 139.100 202.841
202603 191.308 139.100 191.308

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 kr176.91 mean?
SpareBank 1 Ostlandet (OSL:SPOL) has a Cyclically Adjusted Book per Share of kr176.91 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 SpareBank 1 Ostlandet and its competitors.
Is SpareBank 1 Ostlandet's Cyclically Adjusted Book per Share too high?
SpareBank 1 Ostlandet's current Cyclically Adjusted Book per Share is kr176.91. Overall, SpareBank 1 Ostlandet has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SpareBank 1 Ostlandet's Cyclically Adjusted Book per Share compare to competitors?
SpareBank 1 Ostlandet's Cyclically Adjusted Book per Share of kr176.91 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 SpareBank 1 Ostlandet and its competitors. SpareBank 1 Ostlandet's current Cyclically Adjusted Book per Share is kr176.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SpareBank 1 Ostlandet stock overvalued right now?
Based on GuruFocus' analysis, SpareBank 1 Ostlandet (OSL:SPOL) is currently considered Modestly Overvalued. The stock's GF Value™ is kr165.17, compared to a current price of kr189.74 — trading 14.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is kr176.91. SpareBank 1 Ostlandet's overall GF Score™ is 63/100 with 4 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 SpareBank 1 Ostlandet (OSL:SPOL), the current Cyclically Adjusted Book per Share is kr176.91 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 SpareBank 1 Ostlandet (OSL:SPOL) Overvalued in 2026?

Based on GuruFocus' analysis, SpareBank 1 Ostlandet stock appears to be overvalued. The current stock price of kr189.74 is trading 14.9% above its estimated GF Value™ of kr165.17. GuruFocus considers SpareBank 1 Ostlandet to be Modestly Overvalued.

Key valuation signals for OSL:SPOL:

  • Cyclically Adjusted Book per Share: kr176.91
  • GF Value™: kr165.17 vs. price of kr189.74 (14.9% above fair value)
  • GF Score™: 63/100 with 4 warning signs

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


SpareBank 1 Ostlandet Business Description

Other Exchanges 0RU6:UK
Address Strandgata 15, Postbox 203, Hamar, NOR, N-2302
SpareBank 1 Ostlandet is a savings bank and regional financial institution. The bank offers financial products and services, including savings, financing, payment processing, insurance, capital management, investments, loans and credits, advisory services, foreign exchange and interest rate hedging, and pension solutions. The Group reports the following operating segments: Retail Banking (PM), Corporate Banking (BM), Real Estate Agency, Financing/Leasing, Accounting Services, and Unallocated operations. The bank mainly operates in Eastern Norway with a presence in Innlandet, Oslo, Akershus, and Buskerud through a branch network, digital channels, and customer centres.
63GF Score

Get the complete analysis for OSL:SPOL

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

kr189.74
Price
kr165.17
GF Value