ORKLF (Orkla ASA) Cyclically Adjusted PB Ratio: 2.31 (As of Aug. 21, 2026) — Near Median

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ORKLF Orkla ASA ORKLF
91 GF Score
Price $10.90
GF Value $11.92
Valuation Fairly Valued
! 2 Warning Signs
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What is Orkla ASA Cyclically Adjusted PB Ratio?

Orkla ASA ORKLF 91 Cyclically Adjusted PB Ratio is 2.31 as of Aug. 21, 2026, which is 8% above its 10-year median of 2.13. GuruFocus rates ORKLF with a GF Score™ of 91/100 and a GF Value™ of $11.92 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,352 Consumer Packaged Goods companies, Orkla ASA ranks worse than 68.86% on this metric.

As of today (2026-08-21), Orkla ASA's current share price is $10.90. Orkla ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $4.71. Orkla ASA's Cyclically Adjusted PB Ratio for today is 2.31.

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

ORKLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 2.13   Max: 2.88
Current: 2.09

During the past years, Orkla ASA's highest Cyclically Adjusted PB Ratio was 2.88. The lowest was 1.67. And the median was 2.13.

ORKLF's Cyclically Adjusted PB Ratio is ranked worse than
68.86% of 1352 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs ORKLF: 2.09

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.

Orkla ASA's adjusted book value per share data for the three months ended in Jun. 2026 was $4.562. 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 $4.71 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orkla ASA  (OTCPK:ORKLF) 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.


Orkla ASA Cyclically Adjusted PB Ratio Related Terms


Orkla ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orkla 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.

Orkla ASA Cyclically Adjusted PB Ratio Chart

Orkla 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 2.36 1.80 1.89 2.27 2.49

Orkla 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 2.46 2.32 2.49 2.65 2.26

ORKLF vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Orkla 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.


Orkla ASA Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Orkla ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ORKLF
91GF Score
Orkla ASA ORKLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orkla 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.90/4.71
=2.31

* 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.

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

For example, Orkla 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)
=4.562/141.5800*141.5800
=4.562

Current CPI (Jun. 2026) = 141.5800.

Orkla ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.851 104.200 5.232
201612 3.842 104.400 5.210
201703 4.015 105.000 5.414
201706 3.905 105.800 5.226
201709 4.711 105.900 6.298
201712 4.061 106.100 5.419
201803 4.344 107.300 5.732
201806 3.862 108.500 5.039
201809 3.865 109.500 4.997
201812 3.887 109.800 5.012
201903 3.921 110.400 5.028
201906 3.710 110.600 4.749
201909 3.699 111.100 4.714
201912 3.817 111.300 4.855
202003 3.719 111.200 4.735
202006 3.718 112.100 4.696
202009 4.043 112.900 5.070
202012 4.273 112.900 5.358
202103 4.390 114.600 5.424
202106 4.289 115.300 5.267
202109 4.333 117.500 5.221
202112 4.295 118.900 5.114
202203 4.429 119.800 5.234
202206 3.977 122.600 4.593
202209 3.981 125.600 4.487
202212 4.231 125.900 4.758
202303 4.276 127.600 4.744
202306 4.059 130.400 4.407
202309 4.158 129.800 4.535
202312 4.301 131.900 4.617
202403 4.509 132.600 4.814
202406 4.181 133.800 4.424
202409 4.360 133.700 4.617
202412 4.286 134.800 4.502
202503 4.535 136.100 4.718
202506 4.475 137.800 4.598
202509 4.650 138.500 4.753
202512 4.864 139.100 4.951
202603 5.022 141.030 5.042
202606 4.562 141.580 4.562

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 2.31 mean?
Orkla ASA (ORKLF) has a Cyclically Adjusted PB Ratio of 2.31 as of Aug. 21, 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 Orkla ASA and its competitors. This is near median its historical median of 2.13. Over the past decade, Orkla ASA's Cyclically Adjusted PB Ratio has ranged from 1.67 to 2.88. According to the industry distribution chart, Orkla ASA ranks #931 out of 1352 companies in the Consumer Packaged Goods industry, placing it in the top 68.9%.
Is Orkla ASA's Cyclically Adjusted PB Ratio too high?
Orkla ASA's current Cyclically Adjusted PB Ratio of 2.31 is near median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 2.88. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Orkla ASA's value of 2.31 is 83.3% above this industry median. Based on the distribution chart, Orkla ASA ranks #931 out of 1352 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Orkla ASA has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orkla ASA's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Orkla ASA ranks #931 out of 1352 companies for Cyclically Adjusted PB Ratio. This places Orkla ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Orkla ASA's value of 2.31 is 83.3% above this benchmark. Historically, Orkla ASA's own Cyclically Adjusted PB Ratio has ranged from 1.67 to 2.88 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 1.26, Orkla 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 a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,352 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. Orkla ASA's current Cyclically Adjusted PB Ratio of 2.31 is 83.3% 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 Orkla ASA and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orkla ASA's current Cyclically Adjusted PB Ratio is 2.31, which is near median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orkla ASA stock overvalued right now?
Based on GuruFocus' analysis, Orkla ASA (ORKLF) is currently considered Fairly Valued. The stock's GF Value™ is $11.92, compared to a current price of $10.90 — trading 8.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.31, which is near median its 10-year median of 2.13 and 83.3% above the Consumer Packaged Goods industry median of 1.26. Orkla ASA's overall GF Score™ is 91/100 with 2 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 Orkla ASA (ORKLF), the current Cyclically Adjusted PB Ratio is 2.31 as of Aug. 21, 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 Orkla ASA (ORKLF) Overvalued in 2026?

Based on GuruFocus' analysis, Orkla ASA stock appears to be undervalued. The current stock price of $10.90 is trading 8.6% below its estimated GF Value™ of $11.92. GuruFocus considers Orkla ASA to be Fairly Valued.

Key valuation signals for ORKLF:

  • Cyclically Adjusted PB Ratio: 2.31 (near median its 10-year median of 2.13)
  • GF Value™: $11.92 vs. price of $10.90 (8.6% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 83.3% above the Consumer Packaged Goods median (#931 of 1352)

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


Orkla ASA Business Description

Address Drammensveien 149, Oslo, NOR, NO-0277
Orkla ASA is a branded consumer goods company, originally from Norway. Its segments include Orkla Foods, Orkla Food Ingredients, Orkla Snacks, Orkla Health, Orkla India, Orkla Home & Personal Care, The European Pizza, Orkla House Care, Health and Sports Nutrition Group, Pierre Robert Group, and Lilleborg. It generates the majority of its revenue from Norway.
91GF Score

Get the complete analysis for ORKLF

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

$10.90
Price
$11.92
GF Value