Orkla ASA (LTS:0FIN) Cyclically Adjusted PB Ratio: 1.92 (As of Sep. 18, 2026) — 10% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:0FIN Orkla ASA LTS:0FIN
82 GF Score
Price kr91.25
GF Value kr105.80
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Orkla ASA Cyclically Adjusted PB Ratio?

Orkla ASA LTS:0FIN +1.25% 82 Cyclically Adjusted PB Ratio is 1.92 as of Sep. 18, 2026, which is 10% below its 10-year median of 2.14. GuruFocus rates LTS:0FIN with a GF Score™ of 82/100 and a GF Value™ of kr105.80 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, Orkla ASA ranks worse than 67.19% on this metric.

As of today (2026-09-18), Orkla ASA's current share price is kr91.25. Orkla ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr47.52. Orkla ASA's Cyclically Adjusted PB Ratio for today is 1.92.

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

LTS:0FIN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 2.14   Max: 2.88
Current: 1.98

During the past years, Orkla ASA's highest Cyclically Adjusted PB Ratio was 2.88. The lowest was 1.67. And the median was 2.14.

LTS:0FIN's Cyclically Adjusted PB Ratio is ranked worse than
67.19% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs LTS:0FIN: 1.98

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.

Orkla ASA's adjusted book value per share data for the three months ended in Jun. 2026 was kr47.286. 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 kr47.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orkla ASA  (LTS:0FIN) 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.


Orkla ASA Cyclically Adjusted PB Ratio Related Terms


Orkla ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orkla 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.

Orkla ASA Cyclically Adjusted PB Ratio Chart

Orkla 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 2.31 1.75 1.82 2.19 2.40

Orkla 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 2.39 2.25 2.44 2.57 2.21

LTS:0FIN vs KHC, GIS, MKC: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Orkla 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.


Orkla ASA Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Orkla ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0FIN
82GF Score
Orkla ASA LTS:0FIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orkla 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.

Orkla ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=91.25/47.516
=1.92

* 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.

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

For example, Orkla 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)
=47.286/141.6200*141.6200
=47.286

Current CPI (Jun. 2026) = 141.6200.

Orkla ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.968 104.200 43.448
201612 33.286 104.400 45.153
201703 34.541 105.000 46.588
201706 33.444 105.800 44.767
201709 37.342 105.900 49.937
201712 34.197 106.100 45.645
201803 34.180 107.300 45.113
201806 31.766 108.500 41.463
201809 32.328 109.500 41.811
201812 34.096 109.800 43.977
201903 34.154 110.400 43.812
201906 32.496 110.600 41.610
201909 33.811 111.100 43.099
201912 34.901 111.300 44.409
202003 38.586 111.200 49.142
202006 35.906 112.100 45.361
202009 37.540 112.900 47.090
202012 37.669 112.900 47.251
202103 38.013 114.600 46.976
202106 36.743 115.300 45.130
202109 38.288 117.500 46.148
202112 39.486 118.900 47.031
202203 40.035 119.800 47.327
202206 39.784 122.600 45.956
202209 42.124 125.600 47.497
202212 43.280 125.900 48.684
202303 46.644 127.600 51.769
202306 45.460 130.400 49.372
202309 46.094 129.800 50.291
202312 46.857 131.900 50.310
202403 49.401 132.600 52.761
202406 47.389 133.800 50.159
202409 49.423 133.700 52.351
202412 51.427 134.800 54.029
202503 51.633 136.100 53.727
202506 47.861 137.800 49.188
202509 49.187 138.500 50.295
202512 52.683 139.140 53.622
202603 51.365 141.060 51.569
202606 47.286 141.620 47.286

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 1.92 mean?
Orkla ASA (LTS:0FIN) has a Cyclically Adjusted PB Ratio of 1.92 as of Sep. 18, 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 Orkla ASA and its competitors. This is 10% below median its historical median of 2.14. Over the past decade, Orkla ASA's Cyclically Adjusted PB Ratio has ranged from 1.67 to 2.88. According to the industry distribution chart, Orkla ASA ranks #852 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 67.2%.
Is Orkla ASA's Cyclically Adjusted PB Ratio too high?
Orkla ASA's current Cyclically Adjusted PB Ratio of 1.92 is 10% below median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 2.88. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Orkla ASA's value of 1.92 is 54.2% above this industry median. Based on the distribution chart, Orkla ASA ranks #852 out of 1268 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Orkla ASA has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Orkla ASA's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Orkla ASA ranks #852 out of 1268 companies for Cyclically Adjusted PB Ratio. This places Orkla ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Orkla ASA's value of 1.92 is 54.2% above this benchmark. Historically, Orkla ASA's own Cyclically Adjusted PB Ratio has ranged from 1.67 to 2.88 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.25, Orkla 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,268 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. Orkla ASA's current Cyclically Adjusted PB Ratio of 1.92 is 54.2% 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 Orkla ASA and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orkla ASA's current Cyclically Adjusted PB Ratio is 1.92, which is 10% below median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orkla ASA stock overvalued right now?
Based on GuruFocus' analysis, Orkla ASA (LTS:0FIN) is currently considered Modestly Undervalued. The stock's GF Value™ is kr105.80, compared to a current price of kr91.25 — trading 13.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.92, which is 10% below median its 10-year median of 2.14 and 54.2% above the Consumer Packaged Goods industry median of 1.25. Orkla ASA's overall GF Score™ is 82/100 with 2 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 Orkla ASA (LTS:0FIN), the current Cyclically Adjusted PB Ratio is 1.92 as of Sep. 18, 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 Orkla ASA (LTS:0FIN) Overvalued in 2026?

Based on GuruFocus' analysis, Orkla ASA stock appears to be undervalued. The current stock price of kr91.25 is trading 13.8% below its estimated GF Value™ of kr105.80. GuruFocus considers Orkla ASA to be Modestly Undervalued.

Key valuation signals for LTS:0FIN:

  • Cyclically Adjusted PB Ratio: 1.92 (10% below median its 10-year median of 2.14)
  • GF Value™: kr105.80 vs. price of kr91.25 (13.8% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 54.2% above the Consumer Packaged Goods median (#852 of 1268)

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


Orkla ASA Business Description

Address Drammensveien 149, Oslo, NOR, NO-0277
Orkla ASA is a branded consumer goods company, originally from Norway. Its segments include Orkla Foods, Orkla Food Ingredients, Orkla Snacks, Orkla Health, Orkla India, Orkla Home & Personal Care, The European Pizza, Orkla House Care, Health and Sports Nutrition Group, Pierre Robert Group, and Lilleborg. It generates the majority of its revenue from Norway.
82GF Score

Get the complete analysis for LTS:0FIN

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

kr91.25
Price
kr105.80
GF Value