Kvika Banki hf (OISE:KVIKA) Cyclically Adjusted PB Ratio: (As of Jul. 23, 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.
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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.

OISE:KVIKA Kvika Banki hf OISE:KVIKA
55 GF Score
Price kr13.45
GF Value kr22.65
Valuation Possible Value Trap
! 3 Warning Signs
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What is Kvika Banki hf Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kvika Banki hf  (OISE:KVIKA) 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.


Kvika Banki hf Cyclically Adjusted PB Ratio Related Terms


Kvika Banki hf Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kvika Banki hf'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.

Kvika Banki hf Cyclically Adjusted PB Ratio Chart

Kvika Banki hf Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Kvika Banki hf 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 0.00 0.00 0.00 0.00 0.00

OISE:KVIKA vs PNC, USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Kvika Banki hf'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.


Kvika Banki hf Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Kvika Banki hf's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kvika Banki hf's Cyclically Adjusted PB Ratio falls into.


OISE:KVIKA
55GF Score
Kvika Banki hf OISE:KVIKA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kvika Banki hf 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.

Kvika Banki hf's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Kvika Banki hf's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0/155.5600*155.5600
=0.000

Current CPI (Dec25) = 155.5600.

Kvika Banki hf Annual Data

Book Value per Share CPI Adj_Book
201612 3,739.565 102.562 5,671.935
201712 5,562.776 104.481 8,282.316
201812 6.388 108.388 9.168
201912 7,865.246 110.588 11,063.707
202012 8.962 114.542 12.171
202112 16.370 120.398 21.151
202212 16.981 131.901 20.027
202312 17.341 142.125 18.980
202412 0.000 148.871 0.000
202512 0.000 155.560 0.000

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 Kvika Banki hf (OISE:KVIKA) Overvalued in 2026?

Based on GuruFocus' analysis, Kvika Banki hf stock appears to be undervalued. The current stock price of kr13.45 is trading 40.6% below its estimated GF Value™ of kr22.65. GuruFocus considers Kvika Banki hf to be Possible Value Trap.

Key valuation signals for OISE:KVIKA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr22.65 vs. price of kr13.45 (40.6% below fair value)
  • GF Score™: 55/100 with 3 warning signs

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


Kvika Banki hf Business Description

Address Katrinartun 2, Reykjavik, ISL, 105
Kvika Banki hf is a financial services company with operations in Iceland and the United Kingdom. It delivers its services mainly online and offers solutions in asset management, payments, and banking for individuals, businesses, and investors. The company operates in four business segments: Commercial Banking, Investment Banking, which generates maximum revenue, Asset Management, and UK operations, through its subsidiaries. Retail financial services are delivered through specialized consumer brands such as Audur, Aur, and Netgiro, while corporate and institutional services are provided under the Kvika brand. In the UK, the bank operates under the Kvika and Ortus Secured Finance brands.
55GF Score

Get the complete analysis for OISE:KVIKA

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

kr13.45
Price
kr22.65
GF Value