Eqva ASA (LTS:0QWR) Cyclically Adjusted PB Ratio: 0.28 (As of Aug. 02, 2026) — Near Median

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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
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:0QWR Eqva ASA LTS:0QWR
54 GF Score
Price kr3.19
GF Value kr5.78
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Eqva ASA Cyclically Adjusted PB Ratio?

Eqva ASA LTS:0QWR 54 Cyclically Adjusted PB Ratio is 0.28 as of Aug. 02, 2026, which is at its 10-year median of 0.28. GuruFocus rates LTS:0QWR with a GF Score™ of 54/100 and a GF Value™ of kr5.78 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 278 Utilities - Independent Power Producers companies, Eqva ASA ranks better than 87.41% on this metric.

As of today (2026-08-02), Eqva ASA's current share price is kr3.19. Eqva ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr11.51. Eqva ASA's Cyclically Adjusted PB Ratio for today is 0.28.

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

LTS:0QWR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.28   Max: 0.37
Current: 0.24

During the past years, Eqva ASA's highest Cyclically Adjusted PB Ratio was 0.37. The lowest was 0.15. And the median was 0.28.

LTS:0QWR's Cyclically Adjusted PB Ratio is ranked better than
87.41% of 278 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.095 vs LTS:0QWR: 0.24

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.

Eqva ASA's adjusted book value per share data for the three months ended in Mar. 2026 was kr4.426. 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 kr11.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eqva ASA  (LTS:0QWR) 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.


Eqva ASA Cyclically Adjusted PB Ratio Related Terms


Eqva ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eqva 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.

Eqva ASA Cyclically Adjusted PB Ratio Chart

Eqva 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 0.16 0.29 0.24

Eqva ASA Quarterly Data
Jun20 Sep20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.32 0.32 0.33 0.24 0.26

Eqva ASA Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Eqva 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.


Eqva ASA Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Eqva ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0QWR
54GF Score
Eqva ASA LTS:0QWR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eqva 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.19/11.51
=0.28

* 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.

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

For example, Eqva ASA's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.426/141.0300*141.0300
=4.426

Current CPI (Mar. 2026) = 141.0300.

Eqva ASA Quarterly Data

Book Value per Share CPI Adj_Book
201503 26.924 99.200 38.277
201506 26.393 100.100 37.185
201509 26.775 100.600 37.536
201512 20.035 100.900 28.003
201603 20.696 102.500 28.476
201606 21.599 103.800 29.346
201609 21.659 104.200 29.314
201612 17.420 104.400 23.532
201703 17.641 105.000 23.694
201706 17.270 105.800 23.021
201709 15.604 105.900 20.780
201712 15.420 106.100 20.497
201803 15.967 107.300 20.986
201806 15.247 108.500 19.818
201809 15.017 109.500 19.341
201812 8.532 109.800 10.959
201903 8.716 110.400 11.134
201906 6.653 110.600 8.483
201909 0.000 111.100 0.000
201912 -6.524 111.300 -8.267
202006 -7.663 112.100 -9.641
202009 -5.840 112.900 -7.295
202012 -3.187 112.900 -3.981
202106 8.884 115.300 10.867
202112 12.045 118.900 14.287
202206 5.643 122.600 6.491
202212 4.308 125.900 4.826
202303 0.000 127.600 0.000
202306 4.256 130.400 4.603
202309 0.000 129.800 0.000
202312 3.994 131.900 4.270
202403 4.456 132.600 4.739
202406 4.398 133.800 4.636
202409 4.303 133.700 4.539
202412 4.239 134.800 4.435
202503 4.593 136.100 4.759
202506 4.646 137.800 4.755
202509 4.737 138.500 4.824
202512 4.846 139.100 4.913
202603 4.426 141.030 4.426

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 0.28 mean?
Eqva ASA (LTS:0QWR) has a Cyclically Adjusted PB Ratio of 0.28 as of Aug. 02, 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 Eqva ASA and its competitors. This is near median its historical median of 0.28. Over the past decade, Eqva ASA's Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.37. According to the industry distribution chart, Eqva ASA ranks #35 out of 278 companies in the Utilities - Independent Power Producers industry, placing it in the top 12.6%.
Is Eqva ASA's Cyclically Adjusted PB Ratio too high?
Eqva ASA's current Cyclically Adjusted PB Ratio of 0.28 is near median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.37. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.10. Eqva ASA's value of 0.28 is 74.4% below this industry median. Based on the distribution chart, Eqva ASA ranks #35 out of 278 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Eqva ASA has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eqva ASA's Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Eqva ASA ranks #35 out of 278 companies for Cyclically Adjusted PB Ratio. This places Eqva ASA in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.10. Eqva ASA's value of 0.28 is 74.4% below this benchmark. Historically, Eqva ASA's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.37 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 1.10, Eqva 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 Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.10, based on 278 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. Eqva ASA's current Cyclically Adjusted PB Ratio of 0.28 is 74.4% 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 Eqva ASA and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eqva ASA's current Cyclically Adjusted PB Ratio is 0.28, which is near median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eqva ASA stock overvalued right now?
Based on GuruFocus' analysis, Eqva ASA (LTS:0QWR) is currently considered Significantly Undervalued. The stock's GF Value™ is kr5.78, compared to a current price of kr3.19 — trading 44.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.28, which is near median its 10-year median of 0.28 and 74.4% below the Utilities - Independent Power Producers industry median of 1.10. Eqva ASA's overall GF Score™ is 54/100 with 3 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 Eqva ASA (LTS:0QWR), the current Cyclically Adjusted PB Ratio is 0.28 as of Aug. 02, 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 Eqva ASA (LTS:0QWR) Overvalued in 2026?

Based on GuruFocus' analysis, Eqva ASA stock appears to be undervalued. The current stock price of kr3.19 is trading 44.8% below its estimated GF Value™ of kr5.78. GuruFocus considers Eqva ASA to be Significantly Undervalued.

Key valuation signals for LTS:0QWR:

  • Cyclically Adjusted PB Ratio: 0.28 (near median its 10-year median of 0.28)
  • GF Value™: kr5.78 vs. price of kr3.19 (44.8% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 74.4% below the Utilities - Independent Power Producers median (#35 of 278)

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


Eqva ASA Business Description

Address Handelandsvegen 75, Valen, NOR, 5451
Eqva ASA is a Norway-based industrial investment company that acquires and develops companies providing productive, safe, and sustainable services and solutions to industrial customers. The Group operates through three main business segments: Industrial Solutions, Renewables, and Real Estate. The Industrial Solutions segment, which generates the majority of revenue, provides mechanical and electrical industrial services through companies including BKS Group, IMTAS Group, Austevoll Rorteknikk, and Kvinnherad Elektro. The Renewables segment develops and operates small-scale hydropower plants in Norway through Fossberg Kraft. The Real Estate segment includes the Group's real estate properties and development plans.
54GF Score

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

kr3.19
Price
kr5.78
GF Value