Vow ASA (LTS:0QTW) Cyclically Adjusted PB Ratio: 1.67 (As of Aug. 27, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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LTS:0QTW Vow ASA LTS:0QTW
75 GF Score
Price kr2.39
GF Value kr2.18
Valuation Fairly Valued
! 6 Warning Signs
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What is Vow ASA Cyclically Adjusted PB Ratio?

Vow ASA LTS:0QTW 75 Cyclically Adjusted PB Ratio is 1.67 as of Aug. 27, 2026, which is 7% below its 10-year median of 1.80. GuruFocus rates LTS:0QTW with a GF Score™ of 75/100 and a GF Value™ of kr2.18 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,105 Industrial Products companies, Vow ASA ranks better than 58.29% on this metric.

As of today (2026-08-27), Vow ASA's current share price is kr2.3925. Vow ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr1.43. Vow ASA's Cyclically Adjusted PB Ratio for today is 1.67.

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

LTS:0QTW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 1.8   Max: 2.18
Current: 1.87

During the past years, Vow ASA's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 1.54. And the median was 1.80.

LTS:0QTW's Cyclically Adjusted PB Ratio is ranked better than
58.29% of 2105 companies
in the Industrial Products industry
Industry Median: 2.1 vs LTS:0QTW: 1.87

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.

Vow ASA's adjusted book value per share data for the three months ended in Jun. 2026 was kr0.681. 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 kr1.43 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vow ASA  (LTS:0QTW) 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.


Vow ASA Cyclically Adjusted PB Ratio Related Terms


Vow ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vow 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.

Vow ASA Cyclically Adjusted PB Ratio Chart

Vow 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 0.00 0.00 0.00 0.00 2.13

Vow ASA Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 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 0.00 0.00 2.13 1.73 1.54

LTS:0QTW vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Vow 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.


Vow ASA Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vow ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0QTW
75GF Score
Vow ASA LTS:0QTW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vow 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.3925/1.43
=1.67

* 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.

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

For example, Vow 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)
=0.681/141.5800*141.5800
=0.681

Current CPI (Jun. 2026) = 141.5800.

Vow ASA Quarterly Data

Book Value per Share CPI Adj_Book
201303 0.000 95.400 0.000
201306 0.000 95.700 0.000
201309 0.000 96.400 0.000
201312 -0.217 96.600 -0.318
201403 -0.195 97.300 -0.284
201406 0.537 97.500 0.780
201409 0.409 98.500 0.588
201412 0.335 98.600 0.481
201503 0.370 99.200 0.528
201506 0.378 100.100 0.535
201509 0.364 100.600 0.512
201512 0.370 100.900 0.519
201603 0.373 102.500 0.515
201606 0.372 103.800 0.507
201609 0.374 104.200 0.508
201612 0.338 104.400 0.458
201706 0.380 105.800 0.509
201712 0.430 106.100 0.574
201806 0.574 108.500 0.749
201812 0.693 109.800 0.894
201906 0.740 110.600 0.947
201912 1.537 111.300 1.955
202006 1.732 112.100 2.187
202012 2.079 112.900 2.607
202106 3.333 115.300 4.093
202112 3.237 118.900 3.854
202206 3.283 122.600 3.791
202212 3.302 125.900 3.713
202306 3.529 130.400 3.832
202309 0.000 129.800 0.000
202312 2.449 131.900 2.629
202406 2.259 133.800 2.390
202409 2.216 133.700 2.347
202412 1.723 134.800 1.810
202503 0.000 136.100 0.000
202506 1.343 137.800 1.380
202509 1.141 138.500 1.166
202512 0.744 139.100 0.757
202603 0.658 141.030 0.661
202606 0.681 141.580 0.681

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 1.67 mean?
Vow ASA (LTS:0QTW) has a Cyclically Adjusted PB Ratio of 1.67 as of Aug. 27, 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 Vow ASA and its competitors. This is near median its historical median of 1.80. Over the past decade, Vow ASA's Cyclically Adjusted PB Ratio has ranged from 1.54 to 2.18. According to the industry distribution chart, Vow ASA ranks #878 out of 2105 companies in the Industrial Products industry, placing it in the top 41.7%.
Is Vow ASA's Cyclically Adjusted PB Ratio too high?
Vow ASA's current Cyclically Adjusted PB Ratio of 1.67 is near median its 10-year median of 1.80. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 2.18. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.10. Vow ASA's value of 1.67 is 20.5% below this industry median. Based on the distribution chart, Vow ASA ranks #878 out of 2105 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Vow ASA has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vow ASA's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Vow ASA ranks #878 out of 2105 companies for Cyclically Adjusted PB Ratio. This puts Vow ASA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. Vow ASA's value of 1.67 is 20.5% below this benchmark. Historically, Vow ASA's own Cyclically Adjusted PB Ratio has ranged from 1.54 to 2.18 over the past decade. While the company's 10-year median is 1.80 vs. the industry median of 2.10, Vow ASA has consistently been below 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.10, based on 2,105 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. Vow ASA's current Cyclically Adjusted PB Ratio of 1.67 is 20.5% below 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 Vow ASA and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vow ASA's current Cyclically Adjusted PB Ratio is 1.67, which is near median its own 10-year median of 1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vow ASA stock overvalued right now?
Based on GuruFocus' analysis, Vow ASA (LTS:0QTW) is currently considered Fairly Valued. The stock's GF Value™ is kr2.18, compared to a current price of kr2.39 — trading 9.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.67, which is near median its 10-year median of 1.80 and 20.5% below the Industrial Products industry median of 2.10. Vow ASA's overall GF Score™ is 75/100 with 6 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 Vow ASA (LTS:0QTW), the current Cyclically Adjusted PB Ratio is 1.67 as of Aug. 27, 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 Vow ASA (LTS:0QTW) Overvalued in 2026?

Based on GuruFocus' analysis, Vow ASA stock appears to be overvalued. The current stock price of kr2.39 is trading 9.7% above its estimated GF Value™ of kr2.18. GuruFocus considers Vow ASA to be Fairly Valued.

Key valuation signals for LTS:0QTW:

  • Cyclically Adjusted PB Ratio: 1.67 (near median its 10-year median of 1.80)
  • GF Value™: kr2.18 vs. price of kr2.39 (9.7% above fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 20.5% below the Industrial Products median (#878 of 2105)

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


Vow ASA Business Description

Address Wergelandsveien 7, Oslo, NOR, 0244
Vow ASA develops and delivers technology and solutions to bring an end to waste and help industries decarbonise. The solutions purify wastewater and convert biomass and waste into valuable resources, generating CO2-neutral energy and biocarbon that decarbonise industrial processes. The group is organised across three operating segments: Industrial Solutions, Maritime Solutions, and Aftersales. Maximum revenue is generated from the Maritime Solutions segment, which includes wastewater purification, garbage handling, food waste treatment, and sludge processing solutions for the cruise industry. Geographically, the company generates a majority of its revenue from Europe.
75GF Score

Get the complete analysis for LTS:0QTW

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

kr2.39
Price
kr2.18
GF Value