NSKFF (Kongsberg Gruppen ASA) Cyclically Adjusted PB Ratio: 16.25 (As of Jul. 22, 2026) — 367% Above Median

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NSKFF Kongsberg Gruppen ASA NSKFF
64 GF Score
Price $29.25
GF Value $19.21
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Kongsberg Gruppen ASA Cyclically Adjusted PB Ratio?

Kongsberg Gruppen ASA NSKFF +3.66% 64 Cyclically Adjusted PB Ratio is 16.25 as of Jul. 22, 2026, which is 367% above its 10-year median of 3.48. GuruFocus rates NSKFF with a GF Scoreâ„¢ of 64/100 and a GF Valueâ„¢ of $19.21 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 214 Aerospace & Defense companies, Kongsberg Gruppen ASA ranks worse than 89.72% on this metric.

As of today (2026-07-22), Kongsberg Gruppen ASA's current share price is $29.25. Kongsberg Gruppen ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $1.80. Kongsberg Gruppen ASA's Cyclically Adjusted PB Ratio for today is 16.25.

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

NSKFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.72   Med: 3.48   Max: 20.05
Current: 15.36

During the past years, Kongsberg Gruppen ASA's highest Cyclically Adjusted PB Ratio was 20.05. The lowest was 1.72. And the median was 3.48.

NSKFF's Cyclically Adjusted PB Ratio is ranked worse than
89.72% of 214 companies
in the Aerospace & Defense industry
Industry Median: 3.42 vs NSKFF: 15.36

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.

Kongsberg Gruppen ASA's adjusted book value per share data for the three months ended in Jun. 2026 was $1.463. 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 $1.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kongsberg Gruppen ASA  (OTCPK:NSKFF) 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.


Kongsberg Gruppen ASA Cyclically Adjusted PB Ratio Related Terms


Kongsberg Gruppen ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kongsberg Gruppen 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.

Kongsberg Gruppen ASA Cyclically Adjusted PB Ratio Chart

Kongsberg Gruppen 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 3.72 4.99 5.18 13.36 12.24

Kongsberg Gruppen 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 19.36 15.46 12.24 18.90 16.52

NSKFF vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Kongsberg Gruppen 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.


Kongsberg Gruppen ASA Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Kongsberg Gruppen ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


NSKFF
64GF Score
Kongsberg Gruppen ASA NSKFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kongsberg Gruppen 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.25/1.80
=16.25

* 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.

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

For example, Kongsberg Gruppen 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)
=1.463/141.8500*141.8500
=1.463

Current CPI (Jun. 2026) = 141.8500.

Kongsberg Gruppen ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.175 104.200 1.600
201612 1.132 104.400 1.538
201703 1.171 105.000 1.582
201706 1.161 105.800 1.557
201709 1.272 105.900 1.704
201712 1.276 106.100 1.706
201803 1.361 107.300 1.799
201806 1.252 108.500 1.637
201809 1.251 109.500 1.621
201812 1.624 109.800 2.098
201903 1.654 110.400 2.125
201906 1.584 110.600 2.032
201909 1.552 111.100 1.982
201912 1.570 111.300 2.001
202003 1.628 111.200 2.077
202006 1.685 112.100 2.132
202009 1.805 112.900 2.268
202012 1.692 112.900 2.126
202103 1.760 114.600 2.178
202106 1.639 115.300 2.016
202109 1.669 117.500 2.015
202112 1.683 118.900 2.008
202203 1.736 119.800 2.056
202206 1.351 122.600 1.563
202209 1.340 125.600 1.513
202212 1.551 125.900 1.747
202303 1.550 127.600 1.723
202306 1.465 130.400 1.594
202309 1.579 129.800 1.726
202312 1.721 131.900 1.851
202403 1.852 132.600 1.981
202406 1.695 133.800 1.797
202409 1.843 133.700 1.955
202412 1.893 134.800 1.992
202503 2.200 136.100 2.293
202506 2.076 137.800 2.137
202509 2.294 138.500 2.349
202512 2.540 139.100 2.590
202603 2.808 141.030 2.824
202606 1.463 141.850 1.463

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 16.25 mean?
Kongsberg Gruppen ASA (NSKFF) has a Cyclically Adjusted PB Ratio of 16.25 as of Jul. 22, 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 Kongsberg Gruppen ASA and its competitors. This is 367% above median its historical median of 3.48. Over the past decade, Kongsberg Gruppen ASA's Cyclically Adjusted PB Ratio has ranged from 1.72 to 20.05. According to the industry distribution chart, Kongsberg Gruppen ASA ranks #192 out of 214 companies in the Aerospace & Defense industry, placing it in the top 89.7%.
Is Kongsberg Gruppen ASA's Cyclically Adjusted PB Ratio too high?
Kongsberg Gruppen ASA's current Cyclically Adjusted PB Ratio of 16.25 is 367% above median its 10-year median of 3.48. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 20.05. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.42. Kongsberg Gruppen ASA's value of 16.25 is 375.1% above this industry median. Based on the distribution chart, Kongsberg Gruppen ASA ranks #192 out of 214 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Kongsberg Gruppen ASA has a GF Scoreâ„¢ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kongsberg Gruppen ASA's Cyclically Adjusted PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Kongsberg Gruppen ASA ranks #192 out of 214 companies for Cyclically Adjusted PB Ratio. This places Kongsberg Gruppen ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.42. Kongsberg Gruppen ASA's value of 16.25 is 375.1% above this benchmark. Historically, Kongsberg Gruppen ASA's own Cyclically Adjusted PB Ratio has ranged from 1.72 to 20.05 over the past decade. While the company's 10-year median is 3.48 vs. the industry median of 3.42, Kongsberg Gruppen 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 an Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.42, based on 214 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. Kongsberg Gruppen ASA's current Cyclically Adjusted PB Ratio of 16.25 is 375.1% 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 Kongsberg Gruppen ASA and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kongsberg Gruppen ASA's current Cyclically Adjusted PB Ratio is 16.25, which is 367% above median its own 10-year median of 3.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kongsberg Gruppen ASA stock overvalued right now?
Based on GuruFocus' analysis, Kongsberg Gruppen ASA (NSKFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.21, compared to a current price of $29.25 — trading 52.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.25, which is 367% above median its 10-year median of 3.48 and 375.1% above the Aerospace & Defense industry median of 3.42. Kongsberg Gruppen ASA's overall GF Score™ is 64/100 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 Kongsberg Gruppen ASA (NSKFF), the current Cyclically Adjusted PB Ratio is 16.25 as of Jul. 22, 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 Kongsberg Gruppen ASA (NSKFF) Overvalued in 2026?

Based on GuruFocus' analysis, Kongsberg Gruppen ASA stock appears to be overvalued. The current stock price of $29.25 is trading 52.3% above its estimated GF Value™ of $19.21. GuruFocus considers Kongsberg Gruppen ASA to be Significantly Overvalued.

Key valuation signals for NSKFF:

  • Cyclically Adjusted PB Ratio: 16.25 (367% above median its 10-year median of 3.48)
  • GF Value™: $19.21 vs. price of $29.25 (52.3% above fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 375.1% above the Aerospace & Defense median (#192 of 214)

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


Kongsberg Gruppen ASA Business Description

Address Kirkegardsveien 45, Kongsberg, NOR, N-3616
Kongsberg Gruppen is an international technology company focused on defense, aerospace, and advanced sensing and surveillance solutions following the spinoff of its maritime business. The group's activities are centered on Kongsberg Defence & Aerospace and Kongsberg Discovery, providing defense systems, missiles, air defense, and subsea and monitoring technologies.
64GF Score

Get the complete analysis for NSKFF

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

$29.25
Price
$19.21
GF Value