Foroya Banki P/F (FRA:BNW) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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.

FRA:BNW Foroya Banki P/F FRA:BNW
40 GF Score
Price €36.95
GF Value €21.46
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Foroya Banki P/F Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Foroya Banki P/F  (FRA:BNW) 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.


Foroya Banki P/F Cyclically Adjusted PB Ratio Related Terms


Foroya Banki P/F Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Foroya Banki P/F'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.

Foroya Banki P/F Cyclically Adjusted PB Ratio Chart

Foroya Banki P/F 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 - - - 0.66 1.15

Foroya Banki P/F 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 0.77 0.82 1.19 0.95 1.03

Foroya Banki P/F Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Foroya Banki P/F'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.


Foroya Banki P/F Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Foroya Banki P/F's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Foroya Banki P/F's Cyclically Adjusted PB Ratio falls into.


FRA:BNW
40GF Score
Foroya Banki P/F FRA:BNW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Foroya Banki P/F 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.

Foroya Banki P/F's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Foroya Banki P/F'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)
=27.098/333.9520*333.9520
=27.098

Current CPI (Jun. 2026) = 333.9520.

Foroya Banki P/F Quarterly Data

Book Value per Share CPI Adj_Book
201606 24.349 241.018 33.738
201609 25.658 241.428 35.491
201612 26.594 241.432 36.785
201703 22.520 243.801 30.847
201706 23.112 244.955 31.509
201709 23.422 246.819 31.691
201712 25.147 246.524 34.065
201803 25.574 249.554 34.223
201806 26.107 251.989 34.599
201809 26.880 252.439 35.560
201812 27.767 251.233 36.909
201903 27.457 254.202 36.071
201906 29.620 256.143 38.618
201909 30.090 256.759 39.136
201912 29.660 256.974 38.545
202003 29.344 258.115 37.966
202006 30.507 257.797 39.519
202009 31.429 260.280 40.325
202103 32.573 264.877 41.067
202106 33.369 271.696 41.015
202109 33.947 274.310 41.328
202112 28.599 278.802 34.256
202203 23.843 287.504 27.695
202206 24.411 296.311 27.512
202209 24.679 296.808 27.767
202212 25.266 296.797 28.429
202303 22.796 301.836 25.222
202306 23.760 305.109 26.006
202309 24.932 307.789 27.051
202312 25.930 306.746 28.230
202403 25.543 312.332 27.311
202406 26.743 314.175 28.426
202409 28.074 315.301 29.735
202412 29.078 315.605 30.768
202503 25.031 319.799 26.139
202506 26.334 322.561 27.264
202509 27.211 324.800 27.978
202512 28.183 324.054 29.044
202603 26.136 330.213 26.432
202606 27.098 333.952 27.098

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 Foroya Banki P/F (FRA:BNW) Overvalued in 2026?

Based on GuruFocus' analysis, Foroya Banki P/F stock appears to be overvalued. The current stock price of €36.95 is trading 72.2% above its estimated GF Value™ of €21.46. GuruFocus considers Foroya Banki P/F to be Significantly Overvalued.

Key valuation signals for FRA:BNW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €21.46 vs. price of €36.95 (72.2% above fair value)
  • GF Score™: 40/100 with 6 warning signs

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


Foroya Banki P/F Business Description

Other Exchanges 0OF2:UKFOBANK:Denmark
Address Oknarvegur 5, P.O. Box 3048, Torshavn, FRO, FO-110
Foroya Banki P/F is a banking company. It provides a range of banking products and financial services to private and corporate customers. Its business units include Banking and Non-life insurance. The Banking unit comprises of Personal Banking and Corporate Banking. Personal Banking comprises private customers in the Faroe Islands and Greenland. Corporate Banking comprises corporate customers mainly in the Faroe Islands and in Greenland. The corporate also comprises a few remaining corporate customers from Denmark. Non-life insurance comprises the insurance company P/F TRYGD based The Faroe Islands. TRYGD is responsible for the-life insurance products. It operates in the Faroe Islands, Denmark and Greenland of which key revenue is derived from the Faroe Islands.
40GF Score

Get the complete analysis for FRA:BNW

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

€36.95
Price
€21.46
GF Value