ORKLY (Orkla ASA) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

ORKLY Orkla ASA ORKLY
85 GF Score
Price $9.80
GF Value $10.82
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Orkla ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Orkla ASA  (OTCPK:ORKLY) 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 2.06 1.46 1.58 1.76 2.21

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 2.19 2.11 2.24 2.49 2.07

ORKLY vs KHC, GIS, MKC: 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.


ORKLY
85GF Score
Orkla ASA ORKLY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 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)
=4.779/141.6200*141.6200
=4.779

Current CPI (Jun. 2026) = 141.6200.

Orkla ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.000 104.200 5.436
201612 3.867 104.400 5.246
201703 4.022 105.000 5.425
201706 3.993 105.800 5.345
201709 4.691 105.900 6.273
201712 4.181 106.100 5.581
201803 4.354 107.300 5.747
201806 3.897 108.500 5.087
201809 3.970 109.500 5.135
201812 3.938 109.800 5.079
201903 3.966 110.400 5.088
201906 3.811 110.600 4.880
201909 3.721 111.100 4.743
201912 3.972 111.300 5.054
202003 3.675 111.200 4.680
202006 3.722 112.100 4.702
202009 4.012 112.900 5.033
202012 4.400 112.900 5.519
202103 4.453 114.600 5.503
202106 4.270 115.300 5.245
202109 4.386 117.500 5.286
202112 4.478 118.900 5.334
202203 4.579 119.800 5.413
202206 4.027 122.600 4.652
202209 3.866 125.600 4.359
202212 4.393 125.900 4.942
202303 4.454 127.600 4.943
202306 4.243 130.400 4.608
202309 4.332 129.800 4.726
202312 4.614 131.900 4.954
202403 4.554 132.600 4.864
202406 4.451 133.800 4.711
202409 4.692 133.700 4.970
202412 4.528 134.800 4.757
202503 4.901 136.100 5.100
202506 4.730 137.800 4.861
202509 4.930 138.500 5.041
202512 5.223 139.140 5.316
202603 5.273 141.060 5.294
202606 4.779 141.620 4.779

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 Orkla ASA (ORKLY) Overvalued in 2026?

Based on GuruFocus' analysis, Orkla ASA stock appears to be undervalued. The current stock price of $9.80 is trading 9.4% below its estimated GF Value™ of $10.82. GuruFocus considers Orkla ASA to be Modestly Undervalued.

Key valuation signals for ORKLY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $10.82 vs. price of $9.80 (9.4% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the ORKLY 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.
85GF Score

Get the complete analysis for ORKLY

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

$9.80
Price
$10.82
GF Value