Goodtech ASA (FRA:6FO) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:6FO Goodtech ASA FRA:6FO
55 GF Score
Price €1.34
GF Value €0.84
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Goodtech ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Goodtech ASA  (FRA:6FO) 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.


Goodtech ASA Cyclically Adjusted PB Ratio Related Terms


Goodtech ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Goodtech 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.

Goodtech ASA Cyclically Adjusted PB Ratio Chart

Goodtech 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 0.48 0.43 0.56 0.65 0.68

Goodtech 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 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 0.54 0.56 0.63 0.74 0.87

FRA:6FO vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Goodtech 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.


Goodtech ASA Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Goodtech ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:6FO
55GF Score
Goodtech ASA FRA:6FO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Goodtech 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.

Goodtech ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Goodtech 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)
=0.845/141.6200*141.6200
=0.845

Current CPI (Jun. 2026) = 141.6200.

Goodtech ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.765 104.200 2.399
201612 1.512 104.400 2.051
201703 1.497 105.000 2.019
201706 1.443 105.800 1.932
201709 1.454 105.900 1.944
201712 1.342 106.100 1.791
201803 1.361 107.300 1.796
201806 1.342 108.500 1.752
201809 1.365 109.500 1.765
201812 1.047 109.800 1.350
201903 1.090 110.400 1.398
201906 1.097 110.600 1.405
201909 1.066 111.100 1.359
201912 1.030 111.300 1.311
202003 0.886 111.200 1.128
202006 0.954 112.100 1.205
202009 0.942 112.900 1.182
202012 0.980 112.900 1.229
202103 1.017 114.600 1.257
202106 0.994 115.300 1.221
202109 1.000 117.500 1.205
202112 0.961 118.900 1.145
202203 0.997 119.800 1.179
202206 0.948 122.600 1.095
202209 0.905 125.600 1.020
202212 0.918 125.900 1.033
202303 0.874 127.600 0.970
202306 0.848 130.400 0.921
202309 0.891 129.800 0.972
202312 0.895 131.900 0.961
202403 0.880 132.600 0.940
202406 0.900 133.800 0.953
202409 0.863 133.700 0.914
202412 0.780 134.800 0.819
202503 0.779 136.100 0.811
202506 0.740 137.800 0.761
202509 0.772 138.500 0.789
202512 0.802 139.140 0.816
202603 0.876 141.060 0.879
202606 0.845 141.620 0.845

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.

Is Goodtech ASA (FRA:6FO) Overvalued in 2026?

Based on GuruFocus' analysis, Goodtech ASA stock appears to be overvalued. The current stock price of €1.34 is trading 59.5% above its estimated GF Value™ of €0.84. GuruFocus considers Goodtech ASA to be Significantly Overvalued.

Key valuation signals for FRA:6FO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.84 vs. price of €1.34 (59.5% above fair value)
  • GF Score™: 55/100 with 5 warning signs

No single metric tells the full story. See the FRA:6FO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Goodtech ASA Business Description

Other Exchanges GOD:Norway0ELH:UK
Address Innspurten 15, Oslo, NOR, 0663
Goodtech ASA is a specialist in control systems, digitalization, and production optimization for the manufacturing industry. The company plays an active role in modernizing, streamlining, and driving the critical digital transformation in Nordic industry. It also provides technical solutions in the field of Food & Beverage, Manufacturing, Renewables, Process Industry, New Industries, Energy & Utilities, Metals & Minerals, Mobility, Pharma, and Marine & Aquaculture. It also supplies automation products and streamlining solutions globally.
55GF Score

Get the complete analysis for FRA:6FO

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

€1.34
Price
€0.84
GF Value