Premium Snacks Nordic AB (FRA:N3K) Cyclically Adjusted PB Ratio: 7.59 (As of Aug. 09, 2026) — 57% Above Median

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FRA:N3K Premium Snacks Nordic AB FRA:N3K
80 GF Score
Price €2.96
GF Value €2.31
Valuation Modestly Overvalued
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What is Premium Snacks Nordic AB Cyclically Adjusted PB Ratio?

Premium Snacks Nordic AB FRA:N3K +2.60% 80 Cyclically Adjusted PB Ratio is 7.59 as of Aug. 09, 2026, which is 57% above its 10-year median of 4.84. GuruFocus rates FRA:N3K with a GF Score™ of 80/100 and a GF Value™ of €2.31 (Modestly Overvalued). Among 1,407 Consumer Packaged Goods companies, Premium Snacks Nordic AB ranks worse than 94.03% on this metric.

As of today (2026-08-09), Premium Snacks Nordic AB's current share price is €2.96. Premium Snacks Nordic AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.39. Premium Snacks Nordic AB's Cyclically Adjusted PB Ratio for today is 7.59.

The historical rank and industry rank for Premium Snacks Nordic AB's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:N3K' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.55   Med: 4.84   Max: 11.49
Current: 7.4

During the past years, Premium Snacks Nordic AB's highest Cyclically Adjusted PB Ratio was 11.49. The lowest was 1.55. And the median was 4.84.

FRA:N3K's Cyclically Adjusted PB Ratio is ranked worse than
94.03% of 1407 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs FRA:N3K: 7.40

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.

Premium Snacks Nordic AB's adjusted book value per share data for the three months ended in Mar. 2026 was €0.628. 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 €0.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Premium Snacks Nordic AB  (FRA:N3K) 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.


Premium Snacks Nordic AB Cyclically Adjusted PB Ratio Related Terms


Premium Snacks Nordic AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Premium Snacks Nordic AB'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.

Premium Snacks Nordic AB Cyclically Adjusted PB Ratio Chart

Premium Snacks Nordic AB 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 0.00 0.00 2.28 4.50 9.11

Premium Snacks Nordic AB 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 6.06 6.56 9.92 9.11 8.39

FRA:N3K vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Premium Snacks Nordic AB'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.


Premium Snacks Nordic AB Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Premium Snacks Nordic AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Premium Snacks Nordic AB's Cyclically Adjusted PB Ratio falls into.


FRA:N3K
80GF Score
Premium Snacks Nordic AB FRA:N3K
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Premium Snacks Nordic AB 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.

Premium Snacks Nordic AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.96/0.39
=7.59

* 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.

Premium Snacks Nordic AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Premium Snacks Nordic AB'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)
=0.628/133.5600*133.5600
=0.628

Current CPI (Mar. 2026) = 133.5600.

Premium Snacks Nordic AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.080 101.019 0.106
201609 0.171 101.138 0.226
201612 0.178 102.022 0.233
201703 0.175 102.022 0.229
201706 0.154 102.752 0.200
201709 0.171 103.279 0.221
201712 0.171 103.793 0.220
201803 0.139 103.962 0.179
201806 0.137 104.875 0.174
201809 0.143 105.679 0.181
201812 0.259 105.912 0.327
201903 0.432 105.886 0.545
201906 0.429 106.742 0.537
201909 0.423 107.214 0.527
201912 0.437 107.766 0.542
202003 0.405 106.563 0.508
202006 0.423 107.498 0.526
202009 0.441 107.635 0.547
202012 0.472 108.296 0.582
202103 0.466 108.360 0.574
202106 0.487 108.928 0.597
202109 0.503 110.338 0.609
202112 0.485 112.486 0.576
202203 0.445 114.825 0.518
202206 0.413 118.384 0.466
202209 0.416 122.296 0.454
202212 0.399 126.365 0.422
202303 0.382 127.042 0.402
202306 0.350 129.407 0.361
202309 0.378 130.224 0.388
202312 0.394 131.912 0.399
202403 0.409 132.205 0.413
202406 0.430 132.716 0.433
202409 0.455 132.304 0.459
202412 0.390 132.987 0.392
202503 0.496 132.825 0.499
202506 0.565 133.699 0.564
202509 0.546 133.480 0.546
202512 0.578 133.390 0.579
202603 0.628 133.560 0.628

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 7.59 mean?
Premium Snacks Nordic AB (FRA:N3K) has a Cyclically Adjusted PB Ratio of 7.59 as of Aug. 09, 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 Premium Snacks Nordic AB and its competitors. This is 57% above median its historical median of 4.84. Over the past decade, Premium Snacks Nordic AB's Cyclically Adjusted PB Ratio has ranged from 1.55 to 11.49. According to the industry distribution chart, Premium Snacks Nordic AB ranks #1323 out of 1407 companies in the Consumer Packaged Goods industry, placing it in the top 94%.
Is Premium Snacks Nordic AB's Cyclically Adjusted PB Ratio too high?
Premium Snacks Nordic AB's current Cyclically Adjusted PB Ratio of 7.59 is 57% above median its 10-year median of 4.84. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 11.49. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Premium Snacks Nordic AB's value of 7.59 is 502.4% above this industry median. Based on the distribution chart, Premium Snacks Nordic AB ranks #1323 out of 1407 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Premium Snacks Nordic AB has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Premium Snacks Nordic AB's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Premium Snacks Nordic AB ranks #1323 out of 1407 companies for Cyclically Adjusted PB Ratio. This places Premium Snacks Nordic AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Premium Snacks Nordic AB's value of 7.59 is 502.4% above this benchmark. Historically, Premium Snacks Nordic AB's own Cyclically Adjusted PB Ratio has ranged from 1.55 to 11.49 over the past decade. While the company's 10-year median is 4.84 vs. the industry median of 1.26, Premium Snacks Nordic AB 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,407 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. Premium Snacks Nordic AB's current Cyclically Adjusted PB Ratio of 7.59 is 502.4% 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 Premium Snacks Nordic AB 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. Premium Snacks Nordic AB's current Cyclically Adjusted PB Ratio is 7.59, which is 57% above median its own 10-year median of 4.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premium Snacks Nordic AB stock overvalued right now?
Based on GuruFocus' analysis, Premium Snacks Nordic AB (FRA:N3K) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.31, compared to a current price of €2.96 — trading 28.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.59, which is 57% above median its 10-year median of 4.84 and 502.4% above the Consumer Packaged Goods industry median of 1.26. Premium Snacks Nordic AB's overall GF Score™ is 80/100. 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 Premium Snacks Nordic AB (FRA:N3K), the current Cyclically Adjusted PB Ratio is 7.59 as of Aug. 09, 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 Premium Snacks Nordic AB (FRA:N3K) Overvalued in 2026?

Based on GuruFocus' analysis, Premium Snacks Nordic AB stock appears to be overvalued. The current stock price of €2.96 is trading 28.1% above its estimated GF Value™ of €2.31. GuruFocus considers Premium Snacks Nordic AB to be Modestly Overvalued.

Key valuation signals for FRA:N3K:

  • Cyclically Adjusted PB Ratio: 7.59 (57% above median its 10-year median of 4.84)
  • GF Value™: €2.31 vs. price of €2.96 (28.1% above fair value)
  • GF Score™: 80/100
  • Industry Position: 502.4% above the Consumer Packaged Goods median (#1323 of 1407)

No single metric tells the full story. See the FRA:N3K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Premium Snacks Nordic AB Business Description

Other Exchanges SNX:Sweden
Address Kullsgardsvagen 18, Laholm, SWE, 312 34
Premium Snacks Nordic AB develops, manufactures and sells high-quality snacks under the brands Gardschips and Exotic Snacks. Under the Exotic Snacks brand, consumers are offered a wide range of high-quality snack products that include everything from natural and spiced nuts, to chocolate dragees, licorice, Asian rice snacks and exotic dried fruits.
80GF Score

Get the complete analysis for FRA:N3K

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

€2.96
Price
€2.31
GF Value