Ringkjoebing Landbobank AS (OCSE:RILBA) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

OCSE:RILBA Ringkjoebing Landbobank AS OCSE:RILBA
72 GF Score
Price kr1,824.00
GF Value kr1,484.79
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Ringkjoebing Landbobank AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ringkjoebing Landbobank AS  (OCSE:RILBA) 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.


Ringkjoebing Landbobank AS Cyclically Adjusted PB Ratio Related Terms


Ringkjoebing Landbobank AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ringkjoebing Landbobank 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.

Ringkjoebing Landbobank AS Cyclically Adjusted PB Ratio Chart

Ringkjoebing Landbobank 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 4.36 3.96 3.73 4.03 4.60

Ringkjoebing Landbobank AS 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 4.59 4.73 4.83 4.70 4.58

Ringkjoebing Landbobank AS Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Ringkjoebing Landbobank 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.


Ringkjoebing Landbobank AS Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Ringkjoebing Landbobank AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ringkjoebing Landbobank AS's Cyclically Adjusted PB Ratio falls into.


OCSE:RILBA
72GF Score
Ringkjoebing Landbobank AS OCSE:RILBA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ringkjoebing Landbobank 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.

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

For example, Ringkjoebing Landbobank AS'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)
=488.058/122.9500*122.9500
=488.058

Current CPI (Jun. 2026) = 122.9500.

Ringkjoebing Landbobank AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 153.944 100.200 188.896
201612 155.565 100.300 190.695
201703 157.943 101.200 191.888
201706 164.114 101.200 199.386
201709 170.025 101.800 205.349
201712 174.997 101.300 212.398
201803 173.864 101.700 210.193
201806 231.796 102.300 278.586
201809 236.951 102.400 284.503
201812 240.677 102.100 289.826
201903 238.548 102.900 285.029
201906 245.132 102.900 292.896
201909 253.367 102.900 302.735
201912 260.362 102.900 311.093
202003 253.995 103.300 302.311
202006 261.905 103.200 312.027
202009 271.274 103.500 322.253
202012 280.286 103.400 333.280
202103 281.290 104.300 331.588
202106 289.675 105.000 339.196
202109 298.740 105.800 347.165
202112 306.794 106.600 353.849
202203 307.738 109.900 344.280
202206 316.648 113.600 342.710
202209 324.567 116.400 342.831
202212 337.339 115.900 357.859
202303 340.925 117.300 357.346
202306 355.843 116.400 375.867
202309 372.676 117.400 390.294
202312 390.952 116.700 411.890
202403 380.468 118.400 395.089
202406 406.202 118.500 421.456
202409 420.215 118.900 434.528
202412 433.132 118.900 447.885
202503 437.367 120.200 447.373
202506 450.613 120.700 459.013
202509 462.874 121.600 468.013
202512 475.115 121.180 482.055
202603 473.985 121.670 478.971
202606 488.058 122.950 488.058

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 Ringkjoebing Landbobank AS (OCSE:RILBA) Overvalued in 2026?

Based on GuruFocus' analysis, Ringkjoebing Landbobank AS stock appears to be overvalued. The current stock price of kr1,824.00 is trading 22.8% above its estimated GF Value™ of kr1,484.79. GuruFocus considers Ringkjoebing Landbobank AS to be Modestly Overvalued.

Key valuation signals for OCSE:RILBA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr1,484.79 vs. price of kr1,824.00 (22.8% above fair value)
  • GF Score™: 72/100 with 8 warning signs

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


Ringkjoebing Landbobank AS Business Description

Address Torvet 1, Ringkobing, DNK, 6950
Ringkjoebing Landbobank AS operates as a universal bank serving retail, private, corporate, and SME clients mainly in Jutland, with online banking nationwide. It offers deposits, loans, mortgages, pensions, investments, insurance, and leasing in Denmark. The majority of the bank's income is derived from net interest income. Maximum of the bank's net fees, commissions, and foreign exchange income are derived from asset management, followed by guarantee commissions, securities trading, and custody accounts. The services offered are Online banking, Mobile banking, MasterCard, MobilePay, Currency calculator, Block card, MitID etc.
72GF Score

Get the complete analysis for OCSE:RILBA

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

kr1,824.00
Price
kr1,484.79
GF Value