Sampo Oyj (FRA:SMP) Cyclically Adjusted PB Ratio: (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:SMP Sampo Oyj FRA:SMP
82 GF Score
Price €9.26
GF Value €9.32
! 2 Warning Signs
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What is Sampo Oyj Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sampo Oyj  (FRA:SMP) 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.


Sampo Oyj Cyclically Adjusted PB Ratio Related Terms


Sampo Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sampo 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.

Sampo Oyj Cyclically Adjusted PB Ratio Chart

Sampo 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 1.86 1.89 1.67 1.72 2.36

Sampo Oyj 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 1.95 2.05 2.21 2.36 2.10

FRA:SMP vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, Sampo 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.


Sampo Oyj Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Sampo Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:SMP
82GF Score
Sampo Oyj FRA:SMP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sampo 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.

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

For example, Sampo Oyj'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)
=3.09/124.6700*124.6700
=3.090

Current CPI (Mar. 2026) = 124.6700.

Sampo Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.868 100.390 4.804
201609 4.088 100.540 5.069
201612 4.268 101.020 5.267
201703 4.472 100.910 5.525
201706 4.108 101.140 5.064
201709 4.520 101.320 5.562
201712 4.617 101.510 5.670
201803 4.640 101.730 5.686
201806 4.314 102.320 5.256
201809 4.494 102.600 5.461
201812 4.461 102.710 5.415
201903 4.628 102.870 5.609
201906 4.209 103.360 5.077
201909 4.059 103.540 4.887
201912 4.288 103.650 5.158
202003 3.954 103.490 4.763
202006 3.994 103.320 4.819
202009 4.214 103.710 5.066
202012 4.112 103.890 4.934
202103 4.389 104.870 5.218
202106 4.295 105.360 5.082
202109 4.483 106.290 5.258
202112 4.684 107.490 5.433
202203 4.587 110.950 5.154
202206 3.587 113.570 3.938
202209 3.446 114.920 3.738
202212 3.739 117.320 3.973
202303 3.783 119.750 3.938
202306 3.290 120.690 3.398
202309 2.705 121.280 2.781
202312 2.895 121.540 2.970
202403 2.999 122.360 3.056
202406 2.782 122.230 2.838
202409 2.597 122.260 2.648
202412 2.623 122.390 2.672
202503 2.779 123.010 2.817
202506 2.542 122.530 2.586
202509 2.864 122.880 2.906
202512 3.040 122.670 3.090
202603 3.090 124.670 3.090

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 Sampo Oyj (FRA:SMP) Overvalued in 2026?

Based on GuruFocus' analysis, Sampo Oyj stock appears to be undervalued. The current stock price of €9.26 is trading 0.6% below its estimated GF Value™ of €9.32.

Key valuation signals for FRA:SMP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €9.32 vs. price of €9.26 (0.6% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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


Sampo Oyj Business Description

Address Fabianinkatu 21, Helsinki, FIN, 00130
Sampo is a leading Nordics-based insurer headquartered in Finland and listed in Helsinki. The company has operations in Denmark, Estonia, Finland, Norway, Lithuania, Latvia, and the United Kingdom. Sampo has four subsidiaries that mainly sell private insurance to retail customers. It is the largest property and casualty insurer in the Nordics. Headquartered in Sweden, and If also sells insurance in Denmark, Norway, and Finland. Topdanmark is a Danish property and casualty insurer focusing on personal lines insurance as well as agriculture and small and medium-size enterprises. Topdanmark has been rolled into the Nordics, and Hastings is a digital insurer that focuses on car, van, bike, and home insurance in the UK.
82GF Score

Get the complete analysis for FRA:SMP

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

€9.26
Price
€9.32
GF Value