Fiskars Oyj (FRA:A8X) Cyclically Adjusted PB Ratio: 1.06 (As of Aug. 15, 2026) — 15% Below Median

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FRA:A8X Fiskars Oyj FRA:A8X
70 GF Score
Price €13.80
GF Value €14.86
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Fiskars Oyj Cyclically Adjusted PB Ratio?

Fiskars Oyj FRA:A8X +2.22% 70 Cyclically Adjusted PB Ratio is 1.06 as of Aug. 15, 2026, which is 15% below its 10-year median of 1.25. GuruFocus rates FRA:A8X with a GF Score™ of 70/100 and a GF Value™ of €14.86 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 327 Furnishings, Fixtures & Appliances companies, Fiskars Oyj ranks better than 52.91% on this metric.

As of today (2026-08-15), Fiskars Oyj's current share price is €13.80. Fiskars Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €13.02. Fiskars Oyj's Cyclically Adjusted PB Ratio for today is 1.06.

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

FRA:A8X' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.25   Max: 1.97
Current: 1.09

During the past years, Fiskars Oyj's highest Cyclically Adjusted PB Ratio was 1.97. The lowest was 0.74. And the median was 1.25.

FRA:A8X's Cyclically Adjusted PB Ratio is ranked better than
52.91% of 327 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.18 vs FRA:A8X: 1.09

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.

Fiskars Oyj's adjusted book value per share data for the three months ended in Jun. 2026 was €8.007. 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 €13.02 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fiskars Oyj  (FRA:A8X) 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.


Fiskars Oyj Cyclically Adjusted PB Ratio Related Terms


Fiskars Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fiskars Oyj'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.

Fiskars Oyj Cyclically Adjusted PB Ratio Chart

Fiskars Oyj 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 1.94 1.17 1.30 1.10 0.99

Fiskars Oyj 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 1.09 0.94 0.99 0.95 1.05

FRA:A8X vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Fiskars Oyj'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.


Fiskars Oyj Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fiskars Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:A8X
70GF Score
Fiskars Oyj FRA:A8X
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fiskars Oyj 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.

Fiskars Oyj's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.80/13.02
=1.06

* 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.

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

For example, Fiskars Oyj'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)
=8.007/125.0800*125.0800
=8.007

Current CPI (Jun. 2026) = 125.0800.

Fiskars Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.232 100.540 17.706
201612 14.906 101.020 18.456
201703 14.923 100.910 18.497
201706 15.018 101.140 18.573
201709 16.138 101.320 19.922
201712 15.535 101.510 19.142
201803 15.140 101.730 18.615
201806 15.052 102.320 18.400
201809 15.399 102.600 18.773
201812 14.795 102.710 18.017
201903 14.960 102.870 18.190
201906 9.290 103.360 11.242
201909 9.179 103.540 11.089
201912 9.337 103.650 11.267
202003 9.107 103.490 11.007
202006 9.233 103.320 11.178
202009 9.078 103.710 10.949
202012 9.303 103.890 11.200
202103 8.899 104.870 10.614
202106 9.267 105.360 11.001
202109 9.678 106.290 11.389
202112 9.967 107.490 11.598
202203 9.614 110.950 10.838
202206 10.037 113.570 11.054
202209 10.431 114.920 11.353
202212 10.174 117.320 10.847
202303 9.708 119.750 10.140
202306 9.710 120.690 10.063
202309 9.883 121.280 10.193
202312 10.148 121.540 10.444
202403 9.342 122.360 9.550
202406 9.318 122.230 9.535
202409 9.228 122.260 9.441
202412 9.796 122.390 10.011
202503 8.732 123.010 8.879
202506 8.507 122.530 8.684
202509 8.550 122.880 8.703
202512 8.813 122.670 8.986
202603 8.108 124.670 8.135
202606 8.007 125.080 8.007

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 1.06 mean?
Fiskars Oyj (FRA:A8X) has a Cyclically Adjusted PB Ratio of 1.06 as of Aug. 15, 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 Fiskars Oyj and its competitors. This is 15% below median its historical median of 1.25. Over the past decade, Fiskars Oyj's Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.97. According to the industry distribution chart, Fiskars Oyj ranks #154 out of 327 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 47.1%.
Is Fiskars Oyj's Cyclically Adjusted PB Ratio too high?
Fiskars Oyj's current Cyclically Adjusted PB Ratio of 1.06 is 15% below median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.97. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.18. Fiskars Oyj's value of 1.06 is 10.2% below this industry median. Based on the distribution chart, Fiskars Oyj ranks #154 out of 327 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Fiskars Oyj has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fiskars Oyj's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Fiskars Oyj ranks #154 out of 327 companies for Cyclically Adjusted PB Ratio. This puts Fiskars Oyj in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Fiskars Oyj's value of 1.06 is 10.2% below this benchmark. Historically, Fiskars Oyj's own Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.97 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.18, Fiskars Oyj 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.18, based on 327 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. Fiskars Oyj's current Cyclically Adjusted PB Ratio of 1.06 is 10.2% 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 Fiskars Oyj and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiskars Oyj's current Cyclically Adjusted PB Ratio is 1.06, which is 15% below median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiskars Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fiskars Oyj (FRA:A8X) is currently considered Modestly Undervalued. The stock's GF Value™ is €14.86, compared to a current price of €13.80 — trading 7.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.06, which is 15% below median its 10-year median of 1.25 and 10.2% below the Furnishings, Fixtures & Appliances industry median of 1.18. Fiskars Oyj's overall GF Score™ is 70/100 with 7 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 Fiskars Oyj (FRA:A8X), the current Cyclically Adjusted PB Ratio is 1.06 as of Aug. 15, 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 Fiskars Oyj (FRA:A8X) Overvalued in 2026?

Based on GuruFocus' analysis, Fiskars Oyj stock appears to be undervalued. The current stock price of €13.80 is trading 7.1% below its estimated GF Value™ of €14.86. GuruFocus considers Fiskars Oyj to be Modestly Undervalued.

Key valuation signals for FRA:A8X:

  • Cyclically Adjusted PB Ratio: 1.06 (15% below median its 10-year median of 1.25)
  • GF Value™: €14.86 vs. price of €13.80 (7.1% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 10.2% below the Furnishings, Fixtures & Appliances median (#154 of 327)

No single metric tells the full story. See the FRA:A8X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fiskars Oyj Business Description

Address Keilaniementie 10, P.O. Box 91, Espoo, FIN, FI-02151
Fiskars Oyj is the home of design-driven brands for indoor and outdoor living. The company is organized into two business areas: Vita and Fiskars. The business area Vita offers premium and luxury products for the tableware, drinkware, jewelry, and interior categories. It comprises brands such as Iittala, Georg Jensen, Royal Copenhagen, Moomin Arabia, and Wedgwood. The business area Fiskars comprises the gardening, watering, and outdoor categories, as well as the scissors, creating, and cooking categories. The brands include Fiskars and Gerber. Fiskars Group's reporting segments are: Vita, Fiskars, and Other. The company's brands are present in more than 100 countries in Asia-Pacific, Europe, and the Americas.
70GF Score

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

€13.80
Price
€14.86
GF Value