Bouvet ASA (FRA:BV4) Cyclically Adjusted PB Ratio: 12.09 (As of Aug. 01, 2026) — 42% Below Median

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FRA:BV4 Bouvet ASA FRA:BV4
80 GF Score
Price €4.11
GF Value €6.20
Valuation Possible Value Trap
! 4 Warning Signs
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What is Bouvet ASA Cyclically Adjusted PB Ratio?

Bouvet ASA FRA:BV4 -1.44% 80 Cyclically Adjusted PB Ratio is 12.09 as of Aug. 01, 2026, which is 42% below its 10-year median of 20.67. GuruFocus rates FRA:BV4 with a GF Score™ of 80/100 and a GF Value™ of €6.20 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,576 Software companies, Bouvet ASA ranks worse than 92.32% on this metric.

As of today (2026-08-01), Bouvet ASA's current share price is €4.11. Bouvet ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.34. Bouvet ASA's Cyclically Adjusted PB Ratio for today is 12.09.

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

FRA:BV4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.91   Med: 20.67   Max: 33.81
Current: 11.25

During the past years, Bouvet ASA's highest Cyclically Adjusted PB Ratio was 33.81. The lowest was 10.91. And the median was 20.67.

FRA:BV4's Cyclically Adjusted PB Ratio is ranked worse than
92.32% of 1576 companies
in the Software industry
Industry Median: 2.235 vs FRA:BV4: 11.25

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.

Bouvet ASA's adjusted book value per share data for the three months ended in Mar. 2026 was €0.417. 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 €0.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bouvet ASA  (FRA:BV4) 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.


Bouvet ASA Cyclically Adjusted PB Ratio Related Terms


Bouvet ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bouvet 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.

Bouvet ASA Cyclically Adjusted PB Ratio Chart

Bouvet 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 30.56 21.05 18.93 21.70 16.08

Bouvet ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 20.58 21.52 17.49 16.08 12.83

FRA:BV4 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Bouvet 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.


Bouvet ASA Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Bouvet ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:BV4
80GF Score
Bouvet ASA FRA:BV4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bouvet 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.11/0.34
=12.09

* 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.

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

For example, Bouvet ASA's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.417/141.0300*141.0300
=0.417

Current CPI (Mar. 2026) = 141.0300.

Bouvet ASA Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.160 103.800 0.217
201609 0.150 104.200 0.203
201612 0.188 104.400 0.254
201703 0.223 105.000 0.300
201706 0.165 105.800 0.220
201709 0.179 105.900 0.238
201712 0.216 106.100 0.287
201803 0.243 107.300 0.319
201806 0.203 108.500 0.264
201809 0.218 109.500 0.281
201812 0.275 109.800 0.353
201903 0.333 110.400 0.425
201906 0.238 110.600 0.303
201909 0.262 111.100 0.333
201912 0.308 111.300 0.390
202003 0.333 111.200 0.422
202006 0.336 112.100 0.423
202009 0.374 112.900 0.467
202012 0.387 112.900 0.483
202103 0.475 114.600 0.585
202106 0.324 115.300 0.396
202109 0.368 117.500 0.442
202112 0.423 118.900 0.502
202203 0.510 119.800 0.600
202206 0.310 122.600 0.357
202209 0.365 125.600 0.410
202212 0.416 125.900 0.466
202303 0.469 127.600 0.518
202306 0.271 130.400 0.293
202309 0.325 129.800 0.353
202312 0.380 131.900 0.406
202403 0.456 132.600 0.485
202406 0.303 133.800 0.319
202409 0.363 133.700 0.383
202412 0.382 134.800 0.400
202503 0.462 136.100 0.479
202506 0.263 137.800 0.269
202509 0.324 138.500 0.330
202512 0.347 139.100 0.352
202603 0.417 141.030 0.417

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 12.09 mean?
Bouvet ASA (FRA:BV4) has a Cyclically Adjusted PB Ratio of 12.09 as of Aug. 01, 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 Bouvet ASA and its competitors. This is 42% below median its historical median of 20.67. Over the past decade, Bouvet ASA's Cyclically Adjusted PB Ratio has ranged from 10.91 to 33.81. According to the industry distribution chart, Bouvet ASA ranks #1455 out of 1576 companies in the Software industry, placing it in the top 92.3%.
Is Bouvet ASA's Cyclically Adjusted PB Ratio too high?
Bouvet ASA's current Cyclically Adjusted PB Ratio of 12.09 is 42% below median its 10-year median of 20.67. Over the past 10 years, this metric has ranged from a low of 10.91 to a high of 33.81. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Bouvet ASA's value of 12.09 is 440.9% above this industry median. Based on the distribution chart, Bouvet ASA ranks #1455 out of 1576 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bouvet ASA has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bouvet ASA's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Bouvet ASA ranks #1455 out of 1576 companies for Cyclically Adjusted PB Ratio. This places Bouvet ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Bouvet ASA's value of 12.09 is 440.9% above this benchmark. Historically, Bouvet ASA's own Cyclically Adjusted PB Ratio has ranged from 10.91 to 33.81 over the past decade. While the company's 10-year median is 20.67 vs. the industry median of 2.24, Bouvet ASA has consistently been above 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,576 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. Bouvet ASA's current Cyclically Adjusted PB Ratio of 12.09 is 440.9% above 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 Bouvet ASA and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bouvet ASA's current Cyclically Adjusted PB Ratio is 12.09, which is 42% below median its own 10-year median of 20.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bouvet ASA stock overvalued right now?
Based on GuruFocus' analysis, Bouvet ASA (FRA:BV4) is currently considered Possible Value Trap. The stock's GF Value™ is €6.20, compared to a current price of €4.11 — trading 33.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.09, which is 42% below median its 10-year median of 20.67 and 440.9% above the Software industry median of 2.24. Bouvet ASA's overall GF Score™ is 80/100 with 4 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 Bouvet ASA (FRA:BV4), the current Cyclically Adjusted PB Ratio is 12.09 as of Aug. 01, 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 Bouvet ASA (FRA:BV4) Overvalued in 2026?

Based on GuruFocus' analysis, Bouvet ASA stock appears to be undervalued. The current stock price of €4.11 is trading 33.7% below its estimated GF Value™ of €6.20. GuruFocus considers Bouvet ASA to be Possible Value Trap.

Key valuation signals for FRA:BV4:

  • Cyclically Adjusted PB Ratio: 12.09 (42% below median its 10-year median of 20.67)
  • GF Value™: €6.20 vs. price of €4.11 (33.7% below fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 440.9% above the Software median (#1455 of 1576)

No single metric tells the full story. See the FRA:BV4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bouvet ASA Business Description

Address Sorkedalsveien 8, Oslo, NOR, 0369
Bouvet ASA is a consultancy company that provides advice in the field of information technology and digital communication. It helps enterprises shape digital solutions that create efficiency and new business opportunities. The company caters to both private and public-sector players. Some of the business sectors that it caters to include Power supply, Industry, Oil and gas, Public admin, Transportation, Retail, Information and communication, Service industry, and Health. The company's geographical segments are Norway, Sweden, and other countries, of which the vast majority of its revenue comes from Norway.
80GF 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.

€4.11
Price
€6.20
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