GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Orkla ASA (OTCPK:ORKLF) » Definitions » Cyclically Adjusted PB Ratio

ORKLF (Orkla ASA) Cyclically Adjusted PB Ratio : 2.52 (As of Dec. 15, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Orkla ASA Cyclically Adjusted PB Ratio?

As of today (2024-12-15), Orkla ASA's current share price is $8.88. Orkla ASA's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $3.53. Orkla ASA's Cyclically Adjusted PB Ratio for today is 2.52.

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: 2.07   Max: 2.54
Current: 2.39

During the past years, Orkla ASA's highest Cyclically Adjusted PB Ratio was 2.54. The lowest was 1.67. And the median was 2.07.

ORKLF's Cyclically Adjusted PB Ratio is ranked worse than
67.42% of 1277 companies
in the Consumer Packaged Goods industry
Industry Median: 1.47 vs ORKLF: 2.39

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 Sep. 2024 was $4.360. 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 $3.53 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orkla ASA Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

Orkla ASA Cyclically Adjusted PB Ratio Chart

Orkla ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.36 2.37 2.37 1.80 1.89

Orkla ASA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.95 1.89 1.81 2.03 2.32

Competitive Comparison of Orkla ASA's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.



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
=8.88/3.53
=2.52

* 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 Sep. 2024 is calculated as:

For example, Orkla ASA's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.36/133.7000*133.7000
=4.360

Current CPI (Sep. 2024) = 133.7000.

Orkla ASA Quarterly Data

Book Value per Share CPI Adj_Book
201412 4.196 98.600 5.690
201503 3.893 99.200 5.247
201506 3.793 100.100 5.066
201509 3.759 100.600 4.996
201512 3.764 100.900 4.988
201603 3.890 102.500 5.074
201606 3.770 103.800 4.856
201609 3.851 104.200 4.941
201612 3.842 104.400 4.920
201703 4.015 105.000 5.112
201706 3.905 105.800 4.935
201709 4.711 105.900 5.948
201712 4.061 106.100 5.117
201803 4.344 107.300 5.413
201806 3.862 108.500 4.759
201809 3.865 109.500 4.719
201812 3.887 109.800 4.733
201903 3.921 110.400 4.749
201906 3.710 110.600 4.485
201909 3.699 111.100 4.451
201912 3.817 111.300 4.585
202003 3.719 111.200 4.471
202006 3.718 112.100 4.434
202009 4.043 112.900 4.788
202012 4.273 112.900 5.060
202103 4.390 114.600 5.122
202106 4.289 115.300 4.973
202109 4.333 117.500 4.930
202112 4.295 118.900 4.830
202203 4.429 119.800 4.943
202206 3.977 122.600 4.337
202209 3.981 125.600 4.238
202212 4.231 125.900 4.493
202303 4.276 127.600 4.480
202306 4.059 130.400 4.162
202309 4.158 129.800 4.283
202312 4.301 131.900 4.360
202403 4.509 132.600 4.546
202406 4.181 133.800 4.178
202409 4.360 133.700 4.360

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.


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

Thank you for viewing the detailed overview of Orkla ASA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


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 Europe, Orkla Food Ingredients, Orkla Confectionery & 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.

Orkla ASA Headlines

From GuruFocus

Q3 2022 Orkla ASA Earnings Call Transcript

By GuruFocus Research 02-14-2024

Orkla ASA Capital Markets Day Transcript

By GuruFocus Research 02-14-2024

Q1 2022 Orkla ASA Earnings Call Transcript

By GuruFocus Research 02-14-2024

Q2 2021 Orkla ASA Earnings Call Transcript

By GuruFocus Research 02-14-2024

Orkla ASA's Dividend Analysis

By GuruFocus Research 04-18-2024

Q3 2023 Orkla ASA Earnings Call Transcript

By GuruFocus Research 02-14-2024

Q2 2024 Orkla ASA Earnings Call Transcript

By GuruFocus Research 07-17-2024

Q3 2020 Orkla ASA Earnings Call Transcript

By GuruFocus Research 02-14-2024

Orkla ASA Annual Shareholders Meeting Transcript

By GuruFocus Research 02-14-2024