ABG Sundal Collier Holding ASA (OSL:ABG) Cyclically Adjusted PB Ratio: 3.21 (As of Jul. 23, 2026) — 33% Above Median

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OSL:ABG ABG Sundal Collier Holding ASA OSL:ABG
58 GF Score
Price kr7.06
GF Value kr8.27
Valuation Modestly Undervalued
! 4 Warning Signs
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What is ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio?

ABG Sundal Collier Holding ASA OSL:ABG -0.84% 58 Cyclically Adjusted PB Ratio is 3.21 as of Jul. 23, 2026, which is 33% above its 10-year median of 2.42. GuruFocus rates OSL:ABG with a GF Score™ of 58/100 and a GF Value™ of kr8.27 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 632 Capital Markets companies, ABG Sundal Collier Holding ASA ranks worse than 75.63% on this metric.

As of today (2026-07-23), ABG Sundal Collier Holding ASA's current share price is kr7.06. ABG Sundal Collier Holding ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr2.20. ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio for today is 3.21.

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

OSL:ABG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.14   Med: 2.42   Max: 4.23
Current: 3.21

During the past years, ABG Sundal Collier Holding ASA's highest Cyclically Adjusted PB Ratio was 4.23. The lowest was 1.14. And the median was 2.42.

OSL:ABG's Cyclically Adjusted PB Ratio is ranked worse than
75.63% of 632 companies
in the Capital Markets industry
Industry Median: 1.315 vs OSL:ABG: 3.21

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.

ABG Sundal Collier Holding ASA's adjusted book value per share data for the three months ended in Jun. 2026 was kr1.948. 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 kr2.20 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ABG Sundal Collier Holding ASA  (OSL:ABG) 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.


ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio Related Terms


ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ABG Sundal Collier Holding 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.

ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio Chart

ABG Sundal Collier Holding 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 3.82 2.33 2.89 3.17 3.77

ABG Sundal Collier Holding 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 3.18 3.14 3.77 3.65 3.23

OSL:ABG vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, ABG Sundal Collier Holding 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.


ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio falls into.


OSL:ABG
58GF Score
ABG Sundal Collier Holding ASA OSL:ABG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ABG Sundal Collier Holding 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.

ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.06/2.20
=3.21

* 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.

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

For example, ABG Sundal Collier Holding 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)
=1.948/141.8500*141.8500
=1.948

Current CPI (Jun. 2026) = 141.8500.

ABG Sundal Collier Holding ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.719 104.200 2.340
201612 1.899 104.400 2.580
201703 1.947 105.000 2.630
201706 1.575 105.800 2.112
201709 1.665 105.900 2.230
201712 1.861 106.100 2.488
201803 1.841 107.300 2.434
201806 1.449 108.500 1.894
201809 1.503 109.500 1.947
201812 1.393 109.800 1.800
201903 1.410 110.400 1.812
201906 1.346 110.600 1.726
201909 1.442 111.100 1.841
201912 1.513 111.300 1.928
202003 1.492 111.200 1.903
202006 1.493 112.100 1.889
202009 1.644 112.900 2.066
202012 2.014 112.900 2.530
202103 2.443 114.600 3.024
202106 2.017 115.300 2.481
202109 2.295 117.500 2.771
202112 2.689 118.900 3.208
202203 2.797 119.800 3.312
202206 1.916 122.600 2.217
202209 1.957 125.600 2.210
202212 2.133 125.900 2.403
202303 2.147 127.600 2.387
202306 1.729 130.400 1.881
202309 1.761 129.800 1.924
202312 1.963 131.900 2.111
202403 2.018 132.600 2.159
202406 1.680 133.800 1.781
202409 1.772 133.700 1.880
202412 2.006 134.800 2.111
202503 1.995 136.100 2.079
202506 1.687 137.800 1.737
202509 1.832 138.500 1.876
202512 2.056 139.100 2.097
202603 2.185 141.030 2.198
202606 1.948 141.850 1.948

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 3.21 mean?
ABG Sundal Collier Holding ASA (OSL:ABG) has a Cyclically Adjusted PB Ratio of 3.21 as of Jul. 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 ABG Sundal Collier Holding ASA and its competitors. This is 33% above median its historical median of 2.42. Over the past decade, ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio has ranged from 1.14 to 4.23. According to the industry distribution chart, ABG Sundal Collier Holding ASA ranks #478 out of 632 companies in the Capital Markets industry, placing it in the top 75.6%.
Is ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio too high?
ABG Sundal Collier Holding ASA's current Cyclically Adjusted PB Ratio of 3.21 is 33% above median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 4.23. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.32. ABG Sundal Collier Holding ASA's value of 3.21 is 144.1% above this industry median. Based on the distribution chart, ABG Sundal Collier Holding ASA ranks #478 out of 632 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, ABG Sundal Collier Holding ASA has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, ABG Sundal Collier Holding ASA ranks #478 out of 632 companies for Cyclically Adjusted PB Ratio. This places ABG Sundal Collier Holding ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.32. ABG Sundal Collier Holding ASA's value of 3.21 is 144.1% above this benchmark. Historically, ABG Sundal Collier Holding ASA's own Cyclically Adjusted PB Ratio has ranged from 1.14 to 4.23 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 1.32, ABG Sundal Collier Holding 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.32, based on 632 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. ABG Sundal Collier Holding ASA's current Cyclically Adjusted PB Ratio of 3.21 is 144.1% 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 ABG Sundal Collier Holding ASA and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ABG Sundal Collier Holding ASA's current Cyclically Adjusted PB Ratio is 3.21, which is 33% above median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ABG Sundal Collier Holding ASA stock overvalued right now?
Based on GuruFocus' analysis, ABG Sundal Collier Holding ASA (OSL:ABG) is currently considered Modestly Undervalued. The stock's GF Value™ is kr8.27, compared to a current price of kr7.06 — trading 14.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.21, which is 33% above median its 10-year median of 2.42 and 144.1% above the Capital Markets industry median of 1.32. ABG Sundal Collier Holding ASA's overall GF Score™ is 58/100 with 4 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 ABG Sundal Collier Holding ASA (OSL:ABG), the current Cyclically Adjusted PB Ratio is 3.21 as of Jul. 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 ABG Sundal Collier Holding ASA (OSL:ABG) Overvalued in 2026?

Based on GuruFocus' analysis, ABG Sundal Collier Holding ASA stock appears to be undervalued. The current stock price of kr7.06 is trading 14.6% below its estimated GF Value™ of kr8.27. GuruFocus considers ABG Sundal Collier Holding ASA to be Modestly Undervalued.

Key valuation signals for OSL:ABG:

  • Cyclically Adjusted PB Ratio: 3.21 (33% above median its 10-year median of 2.42)
  • GF Value™: kr8.27 vs. price of kr7.06 (14.6% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 144.1% above the Capital Markets median (#478 of 632)

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


ABG Sundal Collier Holding ASA Business Description

Address Ruselokkveien 26, 8th floor, Oslo, NOR, 0251
ABG Sundal Collier Holding ASA is a Nordic investment bank specializing in equity research, brokerage, corporate finance, and advisory services for institutional investors and Nordic businesses. The company has one operating segment, Investment banking and capital markets. Geographically, the company has operations in Norway, Sweden, Denmark, and International, and the majority of revenue is generated from Norway.
58GF Score

Get the complete analysis for OSL:ABG

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

kr7.06
Price
kr8.27
GF Value