Ennogie Solar Group AS (OCSE:ESG) Cyclically Adjusted PB Ratio: 0.12 (As of Jul. 29, 2026) — 29% Below Median

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OCSE:ESG Ennogie Solar Group AS OCSE:ESG
35 GF Score
Price kr3.33
GF Value kr6.40
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Ennogie Solar Group AS Cyclically Adjusted PB Ratio?

Ennogie Solar Group AS OCSE:ESG -0.30% 35 Cyclically Adjusted PB Ratio is 0.12 as of Jul. 29, 2026, which is 29% below its 10-year median of 0.17. GuruFocus rates OCSE:ESG with a GF Score™ of 35/100 and a GF Value™ of kr6.40 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 733 Semiconductors companies, Ennogie Solar Group AS ranks better than 98.77% on this metric.

As of today (2026-07-29), Ennogie Solar Group AS's current share price is kr3.33. Ennogie Solar Group AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr27.46. Ennogie Solar Group AS's Cyclically Adjusted PB Ratio for today is 0.12.

The historical rank and industry rank for Ennogie Solar Group AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

OCSE:ESG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.17   Max: 0.64
Current: 0.12

During the past years, Ennogie Solar Group AS's highest Cyclically Adjusted PB Ratio was 0.64. The lowest was 0.10. And the median was 0.17.

OCSE:ESG's Cyclically Adjusted PB Ratio is ranked better than
98.77% of 733 companies
in the Semiconductors industry
Industry Median: 3.15 vs OCSE:ESG: 0.12

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.

Ennogie Solar Group AS's adjusted book value per share data for the three months ended in Mar. 2026 was kr0.447. 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 kr27.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ennogie Solar Group AS  (OCSE:ESG) 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.


Ennogie Solar Group AS Cyclically Adjusted PB Ratio Related Terms


Ennogie Solar Group AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ennogie Solar Group AS'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.

Ennogie Solar Group AS Cyclically Adjusted PB Ratio Chart

Ennogie Solar Group AS 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 0.21 0.57 0.37 0.21 0.16

Ennogie Solar Group AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 0.14 0.13 0.17 0.16 0.14

OCSE:ESG vs FSLR, NXT, ENPH: Cyclically Adjusted PB Ratio Comparison

For the Solar subindustry, Ennogie Solar Group AS'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.


Ennogie Solar Group AS Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Ennogie Solar Group AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ennogie Solar Group AS's Cyclically Adjusted PB Ratio falls into.


OCSE:ESG
35GF Score
Ennogie Solar Group AS OCSE:ESG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ennogie Solar Group AS 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.

Ennogie Solar Group AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.33/27.46
=0.12

* 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.

Ennogie Solar Group AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ennogie Solar Group AS'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)
=0.447/121.6800*121.6800
=0.447

Current CPI (Mar. 2026) = 121.6800.

Ennogie Solar Group AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 82.727 100.600 100.062
201609 80.166 100.200 97.351
201612 82.812 100.300 100.464
201703 85.066 101.200 102.281
201706 84.184 101.200 101.220
201709 87.636 101.800 104.750
201712 82.921 101.300 99.603
201803 85.762 101.700 102.611
201806 59.016 102.300 70.196
201809 61.469 102.400 73.042
201812 20.778 102.100 24.763
201903 20.533 102.900 24.280
201906 10.191 102.900 12.051
201909 9.934 102.900 11.747
201912 10.115 102.900 11.961
202003 9.230 103.300 10.872
202006 6.813 103.200 8.033
202009 7.347 103.500 8.638
202012 7.316 103.400 8.609
202103 7.440 104.300 8.680
202106 3.310 105.000 3.836
202109 3.237 105.800 3.723
202112 0.572 106.600 0.653
202203 0.551 109.900 0.610
202206 0.618 113.600 0.662
202209 0.481 116.400 0.503
202212 0.429 115.900 0.450
202303 0.263 117.300 0.273
202306 0.622 116.400 0.650
202309 0.520 117.400 0.539
202312 0.927 116.700 0.967
202403 0.723 118.400 0.743
202406 0.614 118.500 0.630
202409 0.584 118.900 0.598
202412 0.484 118.900 0.495
202503 0.323 120.200 0.327
202506 0.190 120.700 0.192
202509 0.128 121.600 0.128
202512 0.587 121.200 0.589
202603 0.447 121.680 0.447

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 0.12 mean?
Ennogie Solar Group AS (OCSE:ESG) has a Cyclically Adjusted PB Ratio of 0.12 as of Jul. 29, 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 Ennogie Solar Group AS and its competitors. This is 29% below median its historical median of 0.17. Over the past decade, Ennogie Solar Group AS's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.64. According to the industry distribution chart, Ennogie Solar Group AS ranks #9 out of 733 companies in the Semiconductors industry, placing it in the top 1.2%.
Is Ennogie Solar Group AS's Cyclically Adjusted PB Ratio too high?
Ennogie Solar Group AS's current Cyclically Adjusted PB Ratio of 0.12 is 29% below median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.64. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.15. Ennogie Solar Group AS's value of 0.12 is 96.2% below this industry median. Based on the distribution chart, Ennogie Solar Group AS ranks #9 out of 733 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Ennogie Solar Group AS has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ennogie Solar Group AS's Cyclically Adjusted PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Ennogie Solar Group AS ranks #9 out of 733 companies for Cyclically Adjusted PB Ratio. This places Ennogie Solar Group AS in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.15. Ennogie Solar Group AS's value of 0.12 is 96.2% below this benchmark. Historically, Ennogie Solar Group AS's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.64 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 3.15, Ennogie Solar Group AS 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 a Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.15, based on 733 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. Ennogie Solar Group AS's current Cyclically Adjusted PB Ratio of 0.12 is 96.2% 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 Ennogie Solar Group AS and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ennogie Solar Group AS's current Cyclically Adjusted PB Ratio is 0.12, which is 29% below median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ennogie Solar Group AS stock overvalued right now?
Based on GuruFocus' analysis, Ennogie Solar Group AS (OCSE:ESG) is currently considered Possible Value Trap. The stock's GF Value™ is kr6.40, compared to a current price of kr3.33 — trading 48% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.12, which is 29% below median its 10-year median of 0.17 and 96.2% below the Semiconductors industry median of 3.15. Ennogie Solar Group AS's overall GF Score™ is 35/100 with 5 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 Ennogie Solar Group AS (OCSE:ESG), the current Cyclically Adjusted PB Ratio is 0.12 as of Jul. 29, 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 Ennogie Solar Group AS (OCSE:ESG) Overvalued in 2026?

Based on GuruFocus' analysis, Ennogie Solar Group AS stock appears to be undervalued. The current stock price of kr3.33 is trading 48% below its estimated GF Value™ of kr6.40. GuruFocus considers Ennogie Solar Group AS to be Possible Value Trap.

Key valuation signals for OCSE:ESG:

  • Cyclically Adjusted PB Ratio: 0.12 (29% below median its 10-year median of 0.17)
  • GF Value™: kr6.40 vs. price of kr3.33 (48% below fair value)
  • GF Score™: 35/100 with 5 warning signs
  • Industry Position: 96.2% below the Semiconductors median (#9 of 733)

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


Ennogie Solar Group AS Business Description

Other Exchanges B0W:Germany
Address Orebygardvej 16, Herning, DNK, 7400
Ennogie Solar Group AS is a developer and manufacturer of building-integrated solar roofs. The design of the Ennogie solar roof matches well both for new constructions and older buildings.
35GF Score

Get the complete analysis for OCSE:ESG

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

kr3.33
Price
kr6.40
GF Value