Rockwool AS (OCSE:ROCK B) Cyclically Adjusted PB Ratio: 2.36 (As of Aug. 23, 2026) — 26% Below Median

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OCSE:ROCK B Rockwool AS OCSE:ROCK B
86 GF Score
Price kr202.80
GF Value kr231.05
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Rockwool AS Cyclically Adjusted PB Ratio?

Rockwool AS OCSE:ROCK B +2.22% 86 Cyclically Adjusted PB Ratio is 2.36 as of Aug. 23, 2026, which is 26% below its 10-year median of 3.19. GuruFocus rates OCSE:ROCK B with a GF Score™ of 86/100 and a GF Value™ of kr231.05 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,269 Construction companies, Rockwool AS ranks worse than 73.76% on this metric.

As of today (2026-08-23), Rockwool AS's current share price is kr202.80. Rockwool AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr86.07. Rockwool AS's Cyclically Adjusted PB Ratio for today is 2.36.

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

OCSE:ROCK B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.79   Med: 3.19   Max: 5.35
Current: 2.42

During the past years, Rockwool AS's highest Cyclically Adjusted PB Ratio was 5.35. The lowest was 1.79. And the median was 3.19.

OCSE:ROCK B's Cyclically Adjusted PB Ratio is ranked worse than
73.76% of 1269 companies
in the Construction industry
Industry Median: 1.13 vs OCSE:ROCK B: 2.42

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.

Rockwool AS's adjusted book value per share data for the three months ended in Jun. 2026 was kr101.671. 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 kr86.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rockwool AS  (OCSE:ROCK B) 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.


Rockwool AS Cyclically Adjusted PB Ratio Related Terms


Rockwool AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rockwool 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.

Rockwool AS Cyclically Adjusted PB Ratio Chart

Rockwool 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 4.10 2.40 2.72 3.21 2.62

Rockwool 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 3.57 2.79 2.62 2.17 2.43

OCSE:ROCK B vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Rockwool 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.


Rockwool AS Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Rockwool AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OCSE:ROCK B
86GF Score
Rockwool AS OCSE:ROCK B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rockwool 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.

Rockwool AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=202.80/86.07
=2.36

* 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.

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

For example, Rockwool 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)
=101.671/122.9700*122.9700
=101.671

Current CPI (Jun. 2026) = 122.9700.

Rockwool AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 50.498 100.200 61.973
201612 52.526 100.300 64.398
201703 54.079 101.200 65.712
201706 52.425 101.200 63.703
201709 53.644 101.800 64.800
201712 57.333 101.300 69.598
201803 58.788 101.700 71.083
201806 59.159 102.300 71.112
201809 61.919 102.400 74.357
201812 63.810 102.100 76.853
201903 66.944 102.900 80.001
201906 66.701 102.900 79.711
201909 69.977 102.900 83.626
201912 72.100 102.900 86.163
202003 71.517 103.300 85.135
202006 69.549 103.200 82.872
202009 69.826 103.500 82.961
202012 72.012 103.400 85.641
202103 75.239 104.300 88.707
202106 75.154 105.000 88.016
202109 78.344 105.800 91.058
202112 82.553 106.600 95.230
202203 84.662 109.900 94.731
202206 88.801 113.600 96.126
202209 90.700 116.400 95.819
202212 88.972 115.900 94.399
202303 90.262 117.300 94.625
202306 90.041 116.400 95.123
202309 93.267 117.400 97.692
202312 96.889 116.700 102.095
202403 100.126 118.400 103.991
202406 101.219 118.500 105.037
202409 103.983 118.900 107.542
202412 108.832 118.900 112.557
202503 113.437 120.200 116.051
202506 107.901 120.700 109.930
202509 110.002 121.600 111.241
202512 98.875 121.200 100.319
202603 102.246 121.680 103.330
202606 101.671 122.970 101.671

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 2.36 mean?
Rockwool AS (OCSE:ROCK B) has a Cyclically Adjusted PB Ratio of 2.36 as of Aug. 23, 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 Rockwool AS and its competitors. This is 26% below median its historical median of 3.19. Over the past decade, Rockwool AS's Cyclically Adjusted PB Ratio has ranged from 1.79 to 5.35. According to the industry distribution chart, Rockwool AS ranks #936 out of 1269 companies in the Construction industry, placing it in the top 73.8%.
Is Rockwool AS's Cyclically Adjusted PB Ratio too high?
Rockwool AS's current Cyclically Adjusted PB Ratio of 2.36 is 26% below median its 10-year median of 3.19. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 5.35. The Construction industry median Cyclically Adjusted PB Ratio is 1.13. Rockwool AS's value of 2.36 is 108.8% above this industry median. Based on the distribution chart, Rockwool AS ranks #936 out of 1269 companies in the Construction industry, which is below the industry midpoint. Overall, Rockwool AS has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rockwool AS's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Rockwool AS ranks #936 out of 1269 companies for Cyclically Adjusted PB Ratio. This places Rockwool AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.13. Rockwool AS's value of 2.36 is 108.8% above this benchmark. Historically, Rockwool AS's own Cyclically Adjusted PB Ratio has ranged from 1.79 to 5.35 over the past decade. While the company's 10-year median is 3.19 vs. the industry median of 1.13, Rockwool AS 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 a Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.13, based on 1,269 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. Rockwool AS's current Cyclically Adjusted PB Ratio of 2.36 is 108.8% 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 Rockwool AS and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rockwool AS's current Cyclically Adjusted PB Ratio is 2.36, which is 26% below median its own 10-year median of 3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rockwool AS stock overvalued right now?
Based on GuruFocus' analysis, Rockwool AS (OCSE:ROCK B) is currently considered Modestly Undervalued. The stock's GF Value™ is kr231.05, compared to a current price of kr202.80 — trading 12.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.36, which is 26% below median its 10-year median of 3.19 and 108.8% above the Construction industry median of 1.13. Rockwool AS's overall GF Score™ is 86/100 with 1 warning sign 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 Rockwool AS (OCSE:ROCK B), the current Cyclically Adjusted PB Ratio is 2.36 as of Aug. 23, 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 Rockwool AS (OCSE:ROCK B) Overvalued in 2026?

Based on GuruFocus' analysis, Rockwool AS stock appears to be undervalued. The current stock price of kr202.80 is trading 12.2% below its estimated GF Value™ of kr231.05. GuruFocus considers Rockwool AS to be Modestly Undervalued.

Key valuation signals for OCSE:ROCK B:

  • Cyclically Adjusted PB Ratio: 2.36 (26% below median its 10-year median of 3.19)
  • GF Value™: kr231.05 vs. price of kr202.80 (12.2% below fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 108.8% above the Construction median (#936 of 1269)

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


Rockwool AS Business Description

Address Hovedgaden 584, Hedehusene, DNK, 2640
Rockwool AS manufactures and sells building materials, including insulation and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of revenue is from the Insulation Segment. The majority of sales come from Europe.
86GF Score

Get the complete analysis for OCSE:ROCK B

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

kr202.80
Price
kr231.05
GF Value