Arendals Fossekompani ASA (LTS:0DHA) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

LTS:0DHA Arendals Fossekompani ASA LTS:0DHA
62 GF Score
Price kr185.00
GF Value kr126.73
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Arendals Fossekompani ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arendals Fossekompani ASA  (LTS:0DHA) 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.


Arendals Fossekompani ASA Cyclically Adjusted PB Ratio Related Terms


Arendals Fossekompani ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arendals Fossekompani 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.

Arendals Fossekompani ASA Cyclically Adjusted PB Ratio Chart

Arendals Fossekompani 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 7.02 3.82 2.41 1.99 1.75

Arendals Fossekompani ASA 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 1.71 1.69 1.70 1.97 2.15

LTS:0DHA vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Arendals Fossekompani 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.


Arendals Fossekompani ASA Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Arendals Fossekompani ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0DHA
62GF Score
Arendals Fossekompani ASA LTS:0DHA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arendals Fossekompani 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.

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

For example, Arendals Fossekompani ASA'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)
=90.532/141.6200*141.6200
=90.532

Current CPI (Jun. 2026) = 141.6200.

Arendals Fossekompani ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 55.815 104.200 75.859
201612 58.148 104.400 78.879
201703 61.976 105.000 83.591
201706 57.598 105.800 77.099
201709 57.251 105.900 76.562
201712 80.145 106.100 106.976
201803 87.421 107.300 115.383
201806 56.282 108.500 73.462
201809 56.447 109.500 73.005
201812 56.648 109.800 73.065
201903 59.426 110.400 76.231
201906 57.054 110.600 73.056
201909 58.207 111.100 74.197
201912 2.421 111.300 3.081
202003 55.781 111.200 71.041
202006 55.852 112.100 70.560
202009 54.762 112.900 68.693
202012 70.249 112.900 88.119
202103 100.881 114.600 124.666
202106 71.784 115.300 88.170
202109 72.128 117.500 86.934
202112 71.204 118.900 84.810
202203 70.150 119.800 82.927
202206 77.116 122.600 89.080
202209 77.274 125.600 87.130
202212 68.961 125.900 77.572
202303 69.865 127.600 77.541
202306 71.085 130.400 77.201
202309 68.493 129.800 74.730
202312 66.327 131.900 71.215
202403 66.864 132.600 71.412
202406 51.889 133.800 54.922
202409 51.557 133.700 54.611
202412 98.551 134.800 103.537
202503 96.876 136.100 100.805
202506 97.653 137.800 100.360
202509 110.614 138.500 113.106
202512 96.057 139.140 97.769
202603 94.349 141.060 94.724
202606 90.532 141.620 90.532

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 Arendals Fossekompani ASA (LTS:0DHA) Overvalued in 2026?

Based on GuruFocus' analysis, Arendals Fossekompani ASA stock appears to be overvalued. The current stock price of kr185.00 is trading 46% above its estimated GF Value™ of kr126.73. GuruFocus considers Arendals Fossekompani ASA to be Significantly Overvalued.

Key valuation signals for LTS:0DHA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr126.73 vs. price of kr185.00 (46% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the LTS:0DHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arendals Fossekompani ASA Business Description

Address Langbryggen 9, Arendal, NOR, 4841
Arendals Fossekompani ASA is an industrial investment company holding several core investments and a portfolio of financial investments. The company invests in and owns companies that make energy from renewable sources more usable and accessible, and that contribute to a more sustainable use of resources. It owns and operates two hydropower plants. In addition, the firm operates globally in many forward-looking industries, including 3D printing, algo trading, satellite services, battery and solar technology, software and digitalization, as well as various green energy technologies. The company has seven operating segments: Group Management, AFK Vannkraft, NSSLGIobaI, ENRX, Tekna, AFK Eiendom, and Others.
62GF Score

Get the complete analysis for LTS:0DHA

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

kr185.00
Price
kr126.73
GF Value