Wilh. Wilhelmsen Holding ASA (FRA:WML2) Cyclically Adjusted PB Ratio: 1.39 (As of Jul. 19, 2026) — 101% Above Median

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FRA:WML2 Wilh. Wilhelmsen Holding ASA FRA:WML2
73 GF Score
Price €58.30
GF Value €36.09
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio?

Wilh. Wilhelmsen Holding ASA FRA:WML2 -0.68% 73 Cyclically Adjusted PB Ratio is 1.39 as of Jul. 19, 2026, which is 101% above its 10-year median of 0.69. GuruFocus rates FRA:WML2 with a GF Score™ of 73/100 and a GF Value™ of €36.09 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 738 Transportation companies, Wilh. Wilhelmsen Holding ASA ranks worse than 52.17% on this metric.

As of today (2026-07-19), Wilh. Wilhelmsen Holding ASA's current share price is €58.30. Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €42.08. Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio for today is 1.39.

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

FRA:WML2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.69   Max: 1.46
Current: 1.33

During the past years, Wilh. Wilhelmsen Holding ASA's highest Cyclically Adjusted PB Ratio was 1.46. The lowest was 0.31. And the median was 0.69.

FRA:WML2's Cyclically Adjusted PB Ratio is ranked worse than
52.17% of 738 companies
in the Transportation industry
Industry Median: 1.24 vs FRA:WML2: 1.33

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.

Wilh. Wilhelmsen Holding ASA's adjusted book value per share data for the three months ended in Mar. 2026 was €69.541. 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 €42.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wilh. Wilhelmsen Holding ASA  (FRA:WML2) 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.


Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio Related Terms


Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wilh. Wilhelmsen Holding 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.

Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio Chart

Wilh. Wilhelmsen Holding 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 0.58 0.69 0.82 0.85 1.12

Wilh. Wilhelmsen Holding 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 0.78 0.86 0.98 1.12 1.33

Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Wilh. Wilhelmsen Holding 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.


Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:WML2
73GF Score
Wilh. Wilhelmsen Holding ASA FRA:WML2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Wilh. Wilhelmsen Holding 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.

Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=58.30/42.08
=1.39

* 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.

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

For example, Wilh. Wilhelmsen Holding 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)
=69.541/141.0300*141.0300
=69.541

Current CPI (Mar. 2026) = 141.0300.

Wilh. Wilhelmsen Holding ASA Quarterly Data

Book Value per Share CPI Adj_Book
201606 36.153 103.800 49.120
201609 37.634 104.200 50.936
201612 40.654 104.400 54.918
201703 41.003 105.000 55.073
201706 37.496 105.800 49.982
201709 35.546 105.900 47.338
201712 35.964 106.100 47.804
201803 36.789 107.300 48.354
201806 34.034 108.500 44.238
201809 35.274 109.500 45.431
201812 34.405 109.800 44.191
201903 35.340 110.400 45.145
201906 36.923 110.600 47.082
201909 37.864 111.100 48.064
201912 37.852 111.300 47.963
202003 29.964 111.200 38.002
202006 31.333 112.100 39.419
202009 33.042 112.900 41.275
202012 37.025 112.900 46.250
202103 37.987 114.600 46.748
202106 38.651 115.300 47.276
202109 37.524 117.500 45.038
202112 39.883 118.900 47.306
202203 43.791 119.800 51.551
202206 43.162 122.600 49.650
202209 44.587 125.600 50.065
202212 48.238 125.900 54.035
202303 47.287 127.600 52.264
202306 50.997 130.400 55.154
202309 54.531 129.800 59.249
202312 48.388 131.900 51.737
202403 56.935 132.600 60.555
202406 53.102 133.800 55.971
202409 55.494 133.700 58.536
202412 57.446 134.800 60.101
202503 60.536 136.100 62.729
202506 63.064 137.800 64.542
202509 64.921 138.500 66.107
202512 66.397 139.100 67.318
202603 69.541 141.030 69.541

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 1.39 mean?
Wilh. Wilhelmsen Holding ASA (FRA:WML2) has a Cyclically Adjusted PB Ratio of 1.39 as of Jul. 19, 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 Wilh. Wilhelmsen Holding ASA and its competitors. This is 101% above median its historical median of 0.69. Over the past decade, Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio has ranged from 0.31 to 1.46. According to the industry distribution chart, Wilh. Wilhelmsen Holding ASA ranks #385 out of 738 companies in the Transportation industry, placing it in the top 52.2%.
Is Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio too high?
Wilh. Wilhelmsen Holding ASA's current Cyclically Adjusted PB Ratio of 1.39 is 101% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.46. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. Wilh. Wilhelmsen Holding ASA's value of 1.39 is 12.1% above this industry median. Based on the distribution chart, Wilh. Wilhelmsen Holding ASA ranks #385 out of 738 companies in the Transportation industry, which is below the industry midpoint. Overall, Wilh. Wilhelmsen Holding ASA has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Wilh. Wilhelmsen Holding ASA ranks #385 out of 738 companies for Cyclically Adjusted PB Ratio. This places Wilh. Wilhelmsen Holding ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Wilh. Wilhelmsen Holding ASA's value of 1.39 is 12.1% above this benchmark. Historically, Wilh. Wilhelmsen Holding ASA's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 1.46 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.24, Wilh. Wilhelmsen Holding 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 738 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. Wilh. Wilhelmsen Holding ASA's current Cyclically Adjusted PB Ratio of 1.39 is 12.1% 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 Wilh. Wilhelmsen Holding ASA and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wilh. Wilhelmsen Holding ASA's current Cyclically Adjusted PB Ratio is 1.39, which is 101% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wilh. Wilhelmsen Holding ASA stock overvalued right now?
Based on GuruFocus' analysis, Wilh. Wilhelmsen Holding ASA (FRA:WML2) is currently considered Significantly Overvalued. The stock's GF Value™ is €36.09, compared to a current price of €58.30 — trading 61.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.39, which is 101% above median its 10-year median of 0.69 and 12.1% above the Transportation industry median of 1.24. Wilh. Wilhelmsen Holding ASA's overall GF Score™ is 73/100 with 8 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 Wilh. Wilhelmsen Holding ASA (FRA:WML2), the current Cyclically Adjusted PB Ratio is 1.39 as of Jul. 19, 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 Wilh. Wilhelmsen Holding ASA (FRA:WML2) Overvalued in 2026?

Based on GuruFocus' analysis, Wilh. Wilhelmsen Holding ASA stock appears to be overvalued. The current stock price of €58.30 is trading 61.5% above its estimated GF Value™ of €36.09. GuruFocus considers Wilh. Wilhelmsen Holding ASA to be Significantly Overvalued.

Key valuation signals for FRA:WML2:

  • Cyclically Adjusted PB Ratio: 1.39 (101% above median its 10-year median of 0.69)
  • GF Value™: €36.09 vs. price of €58.30 (61.5% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 12.1% above the Transportation median (#385 of 738)

No single metric tells the full story. See the FRA:WML2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wilh. Wilhelmsen Holding ASA Business Description

Address Strandveien 20, Lysaker, NOR, NO-1366
Wilh. Wilhelmsen Holding ASA operates in the maritime industry and offers shipping and logistics services. The operating segments of the group are Maritime Services, New Energy, and Strategic Holdings and Investments. It derives key revenue from the Maritime Services segment which offers marine products, ship agency services and logistics to the merchant fleet and ship management including manning for all vessel types. The group has a business presence in Europe, Oceania, America, and Asia and Africa.
73GF 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.

€58.30
Price
€36.09
GF Value