Mowi ASA (LTS:0OAW) Cyclically Adjusted PB Ratio: (As of Aug. 18, 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.
Reviewed by: Charlie Tian Charlie Tian
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:0OAW Mowi ASA LTS:0OAW
87 GF Score
Price kr199.45
GF Value kr215.66
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Mowi ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mowi ASA  (LTS:0OAW) 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.


Mowi ASA Cyclically Adjusted PB Ratio Related Terms


Mowi ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mowi 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.

Mowi ASA Cyclically Adjusted PB Ratio Chart

Mowi 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 4.13 2.96 2.92 2.90 3.36

Mowi 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 2.78 2.97 3.36 2.95 0.00

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

For the Farm Products subindustry, Mowi 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.


Mowi ASA Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


LTS:0OAW
87GF Score
Mowi ASA LTS:0OAW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mowi 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.

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

For example, Mowi 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)
=87.872/141.5800*141.5800
=87.872

Current CPI (Jun. 2026) = 141.5800.

Mowi ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 40.218 104.200 54.646
201612 41.504 104.400 56.285
201703 43.274 105.000 58.350
201706 49.081 105.800 65.679
201709 48.089 105.900 64.291
201712 46.474 106.100 62.015
201803 45.785 107.300 60.412
201806 46.517 108.500 60.699
201809 46.053 109.500 59.545
201812 54.717 109.800 70.554
201903 56.248 110.400 72.134
201906 55.879 110.600 71.531
201909 54.056 111.100 68.886
201912 56.079 111.300 71.336
202003 57.409 111.200 73.093
202006 55.154 112.100 69.658
202009 56.762 112.900 71.181
202012 56.577 112.900 70.949
202103 59.759 114.600 73.828
202106 61.234 115.300 75.191
202109 60.115 117.500 72.435
202112 61.406 118.900 73.119
202203 61.530 119.800 72.716
202206 70.436 122.600 81.340
202209 69.190 125.600 77.993
202212 70.991 125.900 79.832
202303 79.824 127.600 88.570
202306 78.290 130.400 85.002
202309 77.244 129.800 84.254
202312 79.941 131.900 85.808
202403 82.389 132.600 87.969
202406 81.256 133.800 85.981
202409 82.782 133.700 87.661
202412 87.229 134.800 91.616
202503 83.579 136.100 86.944
202506 81.454 137.800 83.688
202509 81.074 138.500 82.877
202512 98.107 139.100 99.856
202603 95.837 141.030 96.211
202606 87.872 141.580 87.872

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 Mowi ASA (LTS:0OAW) Overvalued in 2026?

Based on GuruFocus' analysis, Mowi ASA stock appears to be undervalued. The current stock price of kr199.45 is trading 7.5% below its estimated GF Value™ of kr215.66. GuruFocus considers Mowi ASA to be Fairly Valued.

Key valuation signals for LTS:0OAW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr215.66 vs. price of kr199.45 (7.5% below fair value)
  • GF Score™: 87/100 with 5 warning signs

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


Mowi ASA Business Description

Address Sandviksboder 77A/B, Bergen, NOR, 5035
Mowi ASA is a Norway-based producer of farmed salmon, distributing salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. It operates in three business segments: Feed, Farming, and Sales & Marketing. Fish feed production comprises its two feed plants in Norway and Scotland. Farming includes a single operating segment composed of farming operations in Norway, Scotland, Canada, Chile, Ireland, the Faroe Islands, and Iceland, and Sales and Marketing is composed of two operating segments: Markets and Consumer Products. A majority of the company's revenue is generated from the Sales and Marketing business. Geographically, it derives maximum revenue from Europe.
87GF Score

Get the complete analysis for LTS:0OAW

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

kr199.45
Price
kr215.66
GF Value