Bakkafrost P/F (LTS:0MQ2) 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:0MQ2 Bakkafrost P/F LTS:0MQ2
78 GF Score
Price kr423.70
GF Value kr531.89
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Bakkafrost P/F Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bakkafrost P/F  (LTS:0MQ2) 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.


Bakkafrost P/F Cyclically Adjusted PB Ratio Related Terms


Bakkafrost P/F Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bakkafrost P/F'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.

Bakkafrost P/F Cyclically Adjusted PB Ratio Chart

Bakkafrost P/F 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 4.87 4.16 2.98 3.08 2.24

Bakkafrost P/F Quarterly Data
Jun21 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 2.24 2.19 2.40 2.02 1.74

LTS:0MQ2 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Bakkafrost P/F'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.


Bakkafrost P/F Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bakkafrost P/F's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bakkafrost P/F's Cyclically Adjusted PB Ratio falls into.


LTS:0MQ2
78GF Score
Bakkafrost P/F LTS:0MQ2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bakkafrost P/F 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.

Bakkafrost P/F's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bakkafrost P/F'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)
=279.853/333.9520*333.9520
=279.853

Current CPI (Jun. 2026) = 333.9520.

Bakkafrost P/F Quarterly Data

Book Value per Share CPI Adj_Book
201606 67.267 241.018 93.204
201609 73.887 241.428 102.203
201612 89.068 241.432 123.200
201703 91.589 243.801 125.456
201706 94.510 244.955 128.847
201709 95.177 246.819 128.777
201712 98.248 246.524 133.091
201803 103.533 249.554 138.547
201806 97.718 251.989 129.502
201809 106.331 252.439 140.665
201812 110.990 251.233 147.534
201903 114.030 254.202 149.804
201906 109.032 256.143 142.153
201909 149.857 256.759 194.911
201912 189.644 256.974 246.453
202003 212.245 258.115 274.605
202006 210.937 257.797 273.249
202009 218.363 260.280 280.170
202012 208.081 260.474 266.779
202103 209.737 264.877 264.433
202106 218.386 271.696 268.427
202112 278.802 0.000
202203 209.241 287.504 243.045
202206 241.659 296.311 272.357
202209 255.606 296.808 287.594
202212 248.693 296.797 279.826
202303 281.313 301.836 311.245
202306 272.623 305.109 298.395
202309 267.632 307.789 290.382
202312 276.166 306.746 300.660
202403 300.290 312.332 321.076
202406 277.223 314.175 294.674
202409 283.324 315.301 300.083
202412 296.856 315.605 314.113
202503 285.921 319.799 298.575
202506 279.540 322.561 289.412
202509 276.299 324.800 284.084
202512 295.419 324.054 304.442
202603 287.477 330.213 290.732
202606 279.853 333.952 279.853

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 Bakkafrost P/F (LTS:0MQ2) Overvalued in 2026?

Based on GuruFocus' analysis, Bakkafrost P/F stock appears to be undervalued. The current stock price of kr423.70 is trading 20.3% below its estimated GF Value™ of kr531.89. GuruFocus considers Bakkafrost P/F to be Modestly Undervalued.

Key valuation signals for LTS:0MQ2:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr531.89 vs. price of kr423.70 (20.3% below fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the LTS:0MQ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bakkafrost P/F Business Description

Address Bakkavegur 9, P.O. Box 221, Glyvrar, FRO, FO-625
Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into segments namely, Fishmeal, oil and feed segment, Freshwater Faroe Islands segment, Freshwater Scotland segment, Farming Faroe Islands segment, Farming Scotland segment, services, sales, and others. Geographically, the company derives maximum revenue from Western Europe.
78GF Score

Get the complete analysis for LTS:0MQ2

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

kr423.70
Price
kr531.89
GF Value