Pareto Bank ASA (OSTO:PARBO) Cyclically Adjusted Book per Share: kr64.31 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSTO:PARBO Pareto Bank ASA OSTO:PARBO
66 GF Score
Price kr61.20
GF Value kr70.27
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Pareto Bank ASA Cyclically Adjusted Book per Share?

Pareto Bank ASA OSTO:PARBO 66 Cyclically Adjusted Book per Share is kr64.31 as of Jun. 2026. GuruFocus rates OSTO:PARBO with a GF Score™ of 66/100 and a GF Value™ of kr70.27 (Modestly 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.

Pareto Bank ASA's adjusted book value per share for the three months ended in Jun. 2026 was kr67.935. 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 kr64.31 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Pareto Bank ASA's average Cyclically Adjusted Book Growth Rate was 8.00% 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.

As of today (2026-07-24), Pareto Bank ASA's current stock price is kr61.20. Pareto Bank ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr64.31. Pareto Bank ASA's Cyclically Adjusted PB Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pareto Bank ASA was 1.63. The lowest was 0.96. And the median was 1.35.


Pareto Bank ASA  (OSTO:PARBO) 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.

Pareto Bank ASA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=61.20/64.31
=0.95

* 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 Pareto Bank ASA was 1.63. The lowest was 0.96. And the median was 1.35.


Be Aware

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


Pareto Bank ASA Cyclically Adjusted Book per Share Related Terms


Pareto Bank ASA Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Pareto Bank 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.

Pareto Bank ASA Cyclically Adjusted Book per Share Chart

Pareto Bank 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 0.00 0.00 0.00 53.43 58.16

Pareto Bank ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 58.93 58.36 58.16 60.12 64.31

Pareto Bank ASA Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Pareto Bank 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.


Pareto Bank ASA Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Pareto Bank ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pareto Bank ASA's Cyclically Adjusted PB Ratio falls into.


OSTO:PARBO
66GF Score
Pareto Bank ASA OSTO:PARBO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pareto Bank 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, Pareto Bank ASA's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=67.935/141.8500*141.8500
=67.935

Current CPI (Jun. 2026) = 141.8500.

Pareto Bank ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 32.304 104.200 43.976
201612 33.797 104.400 45.921
201703 32.228 105.000 43.538
201706 33.496 105.800 44.909
201709 34.952 105.900 46.817
201712 36.194 106.100 48.389
201803 35.937 107.300 47.509
201806 40.062 108.500 52.376
201809 41.339 109.500 53.552
201812 42.696 109.800 55.159
201903 44.360 110.400 56.997
201906 44.297 110.600 56.813
201909 45.028 111.100 57.491
201912 46.634 111.300 59.434
202003 47.608 111.200 60.730
202006 49.398 112.100 62.508
202009 50.838 112.900 63.874
202012 50.619 112.900 63.599
202103 52.297 114.600 64.732
202106 54.143 115.300 66.610
202109 55.941 117.500 67.534
202112 54.713 118.900 65.274
202203 54.401 119.800 64.414
202206 56.250 122.600 65.082
202209 58.145 125.600 65.668
202212 60.471 125.900 68.132
202303 61.930 127.600 68.846
202306 62.532 130.400 68.023
202309 63.218 129.800 69.087
202312 65.183 131.900 70.100
202403 67.300 132.600 71.995
202406 66.838 133.800 70.859
202409 68.903 133.700 73.103
202412 70.806 134.800 74.509
202503 73.055 136.100 76.141
202506 71.230 137.800 73.323
202509 73.372 138.500 75.147
202512 74.767 139.100 76.245
202603 75.615 141.030 76.055
202606 67.935 141.850 67.935

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 kr64.31 mean?
Pareto Bank ASA (OSTO:PARBO) has a Cyclically Adjusted Book per Share of kr64.31 as of Jun. 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 Pareto Bank ASA and its competitors.
Is Pareto Bank ASA's Cyclically Adjusted Book per Share too high?
Pareto Bank ASA's current Cyclically Adjusted Book per Share is kr64.31. Overall, Pareto Bank ASA has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pareto Bank ASA's Cyclically Adjusted Book per Share compare to competitors?
Pareto Bank ASA's Cyclically Adjusted Book per Share of kr64.31 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 Pareto Bank ASA and its competitors. Pareto Bank ASA's current Cyclically Adjusted Book per Share is kr64.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pareto Bank ASA stock overvalued right now?
Based on GuruFocus' analysis, Pareto Bank ASA (OSTO:PARBO) is currently considered Modestly Undervalued. The stock's GF Value™ is kr70.27, compared to a current price of kr61.20 — trading 12.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is kr64.31. Pareto Bank ASA's overall GF Score™ is 66/100 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 Pareto Bank ASA (OSTO:PARBO), the current Cyclically Adjusted Book per Share is kr64.31 as of Jun. 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 Pareto Bank ASA (OSTO:PARBO) Overvalued in 2026?

Based on GuruFocus' analysis, Pareto Bank ASA stock appears to be undervalued. The current stock price of kr61.20 is trading 12.9% below its estimated GF Value™ of kr70.27. GuruFocus considers Pareto Bank ASA to be Modestly Undervalued.

Key valuation signals for OSTO:PARBO:

  • Cyclically Adjusted Book per Share: kr64.31
  • GF Value™: kr70.27 vs. price of kr61.20 (12.9% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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


Pareto Bank ASA Business Description

Address Dronning Mauds gate 3, P.O. Box 1823, Vika, Oslo, NOR, 0123
Pareto Bank ASA operates as a commercial bank in Norway. It offers diversified financial services including accepting deposits, financing of construction and rehabilitation of housing, financing solutions for companies, owners and investors, financing of shipping and offshore projects, banking. The bank also offers credit cards and online banking.
66GF Score

Get the complete analysis for OSTO:PARBO

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

kr61.20
Price
kr70.27
GF Value