Grieg Seafood ASA (CHIX:GSFO) Cyclically Adjusted PB Ratio: 0.72 (As of Jul. 17, 2026) — 76% Below Median

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Director of Data and Quant Analytics at GuruFocus
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CHIX:GSFO Grieg Seafood ASA CHIX:GSFO
64 GF Score
Price kr32.16
GF Value kr38.19
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Grieg Seafood ASA Cyclically Adjusted PB Ratio?

Grieg Seafood ASA CHIX:GSFO 64 Cyclically Adjusted PB Ratio is 0.72 as of Jul. 17, 2026, which is 76% below its 10-year median of 2.98. GuruFocus rates CHIX:GSFO with a GF Score™ of 64/100 and a GF Value™ of kr38.19 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,446 Consumer Packaged Goods companies, Grieg Seafood ASA ranks better than 77.25% on this metric.

As of today (2026-07-17), Grieg Seafood ASA's current share price is kr32.16. Grieg Seafood ASA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was kr44.61. Grieg Seafood ASA's Cyclically Adjusted PB Ratio for today is 0.72.

The historical rank and industry rank for Grieg Seafood ASA's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:GSFo' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 2.98   Max: 6.01
Current: 0.61

During the past years, Grieg Seafood ASA's highest Cyclically Adjusted PB Ratio was 6.01. The lowest was 0.59. And the median was 2.98.

CHIX:GSFo's Cyclically Adjusted PB Ratio is ranked better than
77.25% of 1446 companies
in the Consumer Packaged Goods industry
Industry Median: 1.255 vs CHIX:GSFo: 0.61

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.

Grieg Seafood ASA's adjusted book value per share data for the three months ended in Dec. 2025 was kr40.109. 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 kr44.61 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grieg Seafood ASA  (CHIX:GSFo) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Grieg Seafood ASA Cyclically Adjusted PB Ratio Related Terms


Grieg Seafood ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grieg Seafood ASA's Cyclically Adjusted PB Ratio 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.

Grieg Seafood ASA Cyclically Adjusted PB Ratio Chart

Grieg Seafood ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.75 2.18 1.65 1.39 1.63

Grieg Seafood ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Cyclically Adjusted PB Ratio 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 1.39 1.19 1.62 1.40 1.63

CHIX:GSFO vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Grieg Seafood 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.


Grieg Seafood ASA Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grieg Seafood ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:GSFO
64GF Score
Grieg Seafood ASA CHIX:GSFO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grieg Seafood ASA Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Grieg Seafood ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.16/44.61
=0.72

* 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.

Grieg Seafood ASA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Grieg Seafood ASA's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=40.109/139.1000*139.1000
=40.109

Current CPI (Dec. 2025) = 139.1000.

Grieg Seafood ASA Quarterly Data

Book Value per Share CPI Adj_Book
201603 21.336 102.500 28.955
201606 23.240 103.800 31.143
201609 24.366 104.200 32.527
201612 28.536 104.400 38.021
201703 27.954 105.000 37.032
201706 27.177 105.800 35.731
201709 28.764 105.900 37.782
201712 29.928 106.100 39.236
201803 31.466 107.300 40.791
201806 30.978 108.500 39.715
201809 33.119 109.500 42.072
201812 34.718 109.800 43.982
201903 37.147 110.400 46.804
201906 36.330 110.600 45.692
201909 34.489 111.100 43.181
201912 36.979 111.300 46.215
202003 33.989 111.200 42.517
202006 40.347 112.100 50.065
202009 38.990 112.900 48.038
202012 38.930 112.900 47.964
202103 40.112 114.600 48.687
202106 41.594 115.300 50.180
202109 43.370 117.500 51.343
202112 49.533 118.900 57.948
202203 55.817 119.800 64.809
202206 60.886 122.600 69.080
202209 58.824 125.600 65.147
202212 57.859 125.900 63.925
202303 62.730 127.600 68.384
202306 54.087 130.400 57.696
202309 54.992 129.800 58.932
202312 59.476 131.900 62.723
202403 56.947 132.600 59.739
202406 48.688 133.800 50.617
202409 48.434 133.700 50.390
202412 36.100 134.800 37.252
202503 49.870 136.100 50.969
202506 46.555 137.800 46.994
202509 43.008 138.500 43.194
202512 40.109 139.100 40.109

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

What does a Cyclically Adjusted PB Ratio of 0.72 mean?
Grieg Seafood ASA (CHIX:GSFO) has a Cyclically Adjusted PB Ratio of 0.72 as of Jul. 17, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Grieg Seafood ASA and its competitors. This is 76% below median its historical median of 2.98. Over the past decade, Grieg Seafood ASA's Cyclically Adjusted PB Ratio has ranged from 0.59 to 6.01. According to the industry distribution chart, Grieg Seafood ASA ranks #329 out of 1446 companies in the Consumer Packaged Goods industry, placing it in the top 22.8%.
Is Grieg Seafood ASA's Cyclically Adjusted PB Ratio too high?
Grieg Seafood ASA's current Cyclically Adjusted PB Ratio of 0.72 is 76% below median its 10-year median of 2.98. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 6.01. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Grieg Seafood ASA's value of 0.72 is 42.6% below this industry median. Based on the distribution chart, Grieg Seafood ASA ranks #329 out of 1446 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Grieg Seafood ASA has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grieg Seafood ASA's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Grieg Seafood ASA ranks #329 out of 1446 companies for Cyclically Adjusted PB Ratio. This places Grieg Seafood ASA in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. Grieg Seafood ASA's value of 0.72 is 42.6% below this benchmark. Historically, Grieg Seafood ASA's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 6.01 over the past decade. While the company's 10-year median is 2.98 vs. the industry median of 1.26, Grieg Seafood ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,446 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Grieg Seafood ASA's current Cyclically Adjusted PB Ratio of 0.72 is 42.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Grieg Seafood ASA and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grieg Seafood ASA's current Cyclically Adjusted PB Ratio is 0.72, which is 76% below median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grieg Seafood ASA stock overvalued right now?
Based on GuruFocus' analysis, Grieg Seafood ASA (CHIX:GSFO) is currently considered Modestly Undervalued. The stock's GF Value™ is kr38.19, compared to a current price of kr32.16 — trading 15.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.72, which is 76% below median its 10-year median of 2.98 and 42.6% below the Consumer Packaged Goods industry median of 1.26. Grieg Seafood ASA's overall GF Score™ is 64/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Grieg Seafood ASA (CHIX:GSFO), the current Cyclically Adjusted PB Ratio is 0.72 as of Jul. 17, 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 Grieg Seafood ASA (CHIX:GSFO) Overvalued in 2026?

Based on GuruFocus' analysis, Grieg Seafood ASA stock appears to be undervalued. The current stock price of kr32.16 is trading 15.8% below its estimated GF Value™ of kr38.19. GuruFocus considers Grieg Seafood ASA to be Modestly Undervalued.

Key valuation signals for CHIX:GSFO:

  • Cyclically Adjusted PB Ratio: 0.72 (76% below median its 10-year median of 2.98)
  • GF Value™: kr38.19 vs. price of kr32.16 (15.8% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 42.6% below the Consumer Packaged Goods median (#329 of 1446)

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


Grieg Seafood ASA Business Description

Address C. Sundtsgate 17/19, Grieg-Gaarden, Bergen, NOR, 5004
Grieg Seafood ASA is an integrated Norwegian seafood company engaged in farming Atlantic salmon. The company's facilities are located in Finnmark and Rogaland in Norway and British Columbia and Newfoundland in Canada. The product portfolio of the company includes fresh whole fish, freshly processed fish, frozen processed fish, frozen whole fish, and other products.
64GF Score

Get the complete analysis for CHIX:GSFO

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

kr32.16
Price
kr38.19
GF Value