Nordic Semiconductor ASA (LTS:0FF9) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:0FF9 Nordic Semiconductor ASA LTS:0FF9
84 GF Score
Price kr178.45
GF Value kr160.87
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Nordic Semiconductor ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nordic Semiconductor ASA  (LTS:0FF9) 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.


Nordic Semiconductor ASA Cyclically Adjusted PB Ratio Related Terms


Nordic Semiconductor ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nordic Semiconductor 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.

Nordic Semiconductor ASA Cyclically Adjusted PB Ratio Chart

Nordic Semiconductor 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 30.52 12.84 7.60 5.13 5.88

Nordic Semiconductor 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 6.65 7.30 6.15 6.75 7.76

LTS:0FF9 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Nordic Semiconductor 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.


Nordic Semiconductor ASA Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


LTS:0FF9
84GF Score
Nordic Semiconductor ASA LTS:0FF9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nordic Semiconductor 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.

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

For example, Nordic Semiconductor 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)
=35.082/141.6200*141.6200
=35.082

Current CPI (Jun. 2026) = 141.6200.

Nordic Semiconductor ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.764 104.200 7.834
201612 6.222 104.400 8.440
201703 6.204 105.000 8.368
201706 6.162 105.800 8.248
201709 6.049 105.900 8.089
201712 6.317 106.100 8.432
201803 6.087 107.300 8.034
201806 10.352 108.500 13.512
201809 10.784 109.500 13.947
201812 10.948 109.800 14.121
201903 10.562 110.400 13.549
201906 10.660 110.600 13.650
201909 11.677 111.100 14.885
201912 11.616 111.300 14.780
202003 14.016 111.200 17.850
202006 13.288 112.100 16.787
202009 19.161 112.900 24.035
202012 18.046 112.900 22.637
202103 18.165 114.600 22.448
202106 18.699 115.300 22.967
202109 19.662 117.500 23.698
202112 21.159 118.900 25.202
202203 22.583 119.800 26.696
202206 27.095 122.600 31.298
202209 31.294 125.600 35.285
202212 30.006 125.900 33.753
202303 32.467 127.600 36.034
202306 34.074 130.400 37.006
202309 33.990 129.800 37.085
202312 31.780 131.900 34.122
202403 32.355 132.600 34.556
202406 31.116 133.800 32.935
202409 31.411 133.700 33.272
202412 33.657 134.800 35.360
202503 30.638 136.100 31.881
202506 30.289 137.800 31.129
202509 33.660 138.500 34.418
202512 34.571 139.140 35.187
202603 33.417 141.060 33.550
202606 35.082 141.620 35.082

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 Nordic Semiconductor ASA (LTS:0FF9) Overvalued in 2026?

Based on GuruFocus' analysis, Nordic Semiconductor ASA stock appears to be overvalued. The current stock price of kr178.45 is trading 10.9% above its estimated GF Value™ of kr160.87. GuruFocus considers Nordic Semiconductor ASA to be Modestly Overvalued.

Key valuation signals for LTS:0FF9:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr160.87 vs. price of kr178.45 (10.9% above fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the LTS:0FF9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nordic Semiconductor ASA Business Description

Address Otto Nielsens veg 12, Trondheim, NOR, 7052
Nordic Semiconductor designs Bluetooth Low Energy chips for the wireless industry, making 90% of its revenue from this technology. Nordic's chips are used in all types of battery-powered devices such as wearables, smarthome applications, asset trackers, and industrial and healthcare markets. In recent years Nordic has also expanded into adjacent technologies such as Wi-Fi, Thread protocol and long-range connectivity.
84GF Score

Get the complete analysis for LTS:0FF9

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

kr178.45
Price
kr160.87
GF Value