Arendals Fossekompani ASA (OSL:AFK) Cyclically Adjusted PB Ratio: 2.24 (As of Sep. 17, 2026) — Near Median

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OSL:AFK Arendals Fossekompani ASA OSL:AFK
64 GF Score
Price kr182.50
GF Value kr126.45
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Arendals Fossekompani ASA Cyclically Adjusted PB Ratio?

Arendals Fossekompani ASA OSL:AFK -2.41% 64 Cyclically Adjusted PB Ratio is 2.24 as of Sep. 17, 2026, which is 9% below its 10-year median of 2.46. GuruFocus rates OSL:AFK with a GF Score™ of 64/100 and a GF Value™ of kr126.45 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 421 Conglomerates companies, Arendals Fossekompani ASA ranks worse than 78.86% on this metric.

As of today (2026-09-17), Arendals Fossekompani ASA's current share price is kr182.50. Arendals Fossekompani ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr81.54. Arendals Fossekompani ASA's Cyclically Adjusted PB Ratio for today is 2.24.

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

OSL:AFK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 2.46   Max: 7.98
Current: 2.46

During the past years, Arendals Fossekompani ASA's highest Cyclically Adjusted PB Ratio was 7.98. The lowest was 1.60. And the median was 2.46.

OSL:AFK's Cyclically Adjusted PB Ratio is ranked worse than
78.86% of 421 companies
in the Conglomerates industry
Industry Median: 1.01 vs OSL:AFK: 2.46

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.

Arendals Fossekompani ASA's adjusted book value per share data for the three months ended in Jun. 2026 was kr90.532. 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 kr81.54 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arendals Fossekompani ASA  (OSL:AFK) 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.


Arendals Fossekompani ASA Cyclically Adjusted PB Ratio Related Terms


Arendals Fossekompani ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arendals Fossekompani 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.

Arendals Fossekompani ASA Cyclically Adjusted PB Ratio Chart

Arendals Fossekompani 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 7.10 3.82 2.42 1.95 1.75

Arendals Fossekompani 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 1.71 1.67 1.70 1.98 2.15

OSL:AFK vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Arendals Fossekompani 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.


Arendals Fossekompani ASA Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Arendals Fossekompani ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSL:AFK
64GF Score
Arendals Fossekompani ASA OSL:AFK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Arendals Fossekompani 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=182.50/81.544
=2.24

* 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.

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

For example, Arendals Fossekompani 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)
=90.532/141.6200*141.6200
=90.532

Current CPI (Jun. 2026) = 141.6200.

Arendals Fossekompani ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 55.815 104.200 75.859
201612 58.148 104.400 78.879
201703 61.976 105.000 83.591
201706 57.598 105.800 77.099
201709 57.251 105.900 76.562
201712 80.145 106.100 106.976
201803 87.421 107.300 115.383
201806 56.282 108.500 73.462
201809 56.447 109.500 73.005
201812 56.648 109.800 73.065
201903 59.426 110.400 76.231
201906 57.054 110.600 73.056
201909 58.207 111.100 74.197
201912 2.421 111.300 3.081
202003 55.781 111.200 71.041
202006 55.852 112.100 70.560
202009 54.762 112.900 68.693
202012 70.249 112.900 88.119
202103 100.881 114.600 124.666
202106 71.784 115.300 88.170
202109 72.128 117.500 86.934
202112 71.204 118.900 84.810
202203 70.150 119.800 82.927
202206 77.116 122.600 89.080
202209 77.274 125.600 87.130
202212 68.961 125.900 77.572
202303 69.865 127.600 77.541
202306 71.085 130.400 77.201
202309 68.493 129.800 74.730
202312 66.327 131.900 71.215
202403 66.864 132.600 71.412
202406 51.889 133.800 54.922
202409 51.557 133.700 54.611
202412 98.551 134.800 103.537
202503 96.876 136.100 100.805
202506 97.653 137.800 100.360
202509 110.614 138.500 113.106
202512 96.057 139.140 97.769
202603 94.349 141.060 94.724
202606 90.532 141.620 90.532

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 2.24 mean?
Arendals Fossekompani ASA (OSL:AFK) has a Cyclically Adjusted PB Ratio of 2.24 as of Sep. 17, 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 Arendals Fossekompani ASA and its competitors. This is near median its historical median of 2.46. Over the past decade, Arendals Fossekompani ASA's Cyclically Adjusted PB Ratio has ranged from 1.60 to 7.98. According to the industry distribution chart, Arendals Fossekompani ASA ranks #332 out of 421 companies in the Conglomerates industry, placing it in the top 78.9%.
Is Arendals Fossekompani ASA's Cyclically Adjusted PB Ratio too high?
Arendals Fossekompani ASA's current Cyclically Adjusted PB Ratio of 2.24 is near median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 7.98. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Arendals Fossekompani ASA's value of 2.24 is 121.8% above this industry median. Based on the distribution chart, Arendals Fossekompani ASA ranks #332 out of 421 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Arendals Fossekompani ASA has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arendals Fossekompani ASA's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Arendals Fossekompani ASA ranks #332 out of 421 companies for Cyclically Adjusted PB Ratio. This places Arendals Fossekompani ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Arendals Fossekompani ASA's value of 2.24 is 121.8% above this benchmark. Historically, Arendals Fossekompani ASA's own Cyclically Adjusted PB Ratio has ranged from 1.60 to 7.98 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 1.01, Arendals Fossekompani 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 421 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. Arendals Fossekompani ASA's current Cyclically Adjusted PB Ratio of 2.24 is 121.8% 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 Arendals Fossekompani ASA and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arendals Fossekompani ASA's current Cyclically Adjusted PB Ratio is 2.24, which is near median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arendals Fossekompani ASA stock overvalued right now?
Based on GuruFocus' analysis, Arendals Fossekompani ASA (OSL:AFK) is currently considered Significantly Overvalued. The stock's GF Value™ is kr126.45, compared to a current price of kr182.50 — trading 44.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.24, which is near median its 10-year median of 2.46 and 121.8% above the Conglomerates industry median of 1.01. Arendals Fossekompani ASA's overall GF Score™ is 64/100 with 7 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 Arendals Fossekompani ASA (OSL:AFK), the current Cyclically Adjusted PB Ratio is 2.24 as of Sep. 17, 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 Arendals Fossekompani ASA (OSL:AFK) Overvalued in 2026?

Based on GuruFocus' analysis, Arendals Fossekompani ASA stock appears to be overvalued. The current stock price of kr182.50 is trading 44.3% above its estimated GF Value™ of kr126.45. GuruFocus considers Arendals Fossekompani ASA to be Significantly Overvalued.

Key valuation signals for OSL:AFK:

  • Cyclically Adjusted PB Ratio: 2.24 (near median its 10-year median of 2.46)
  • GF Value™: kr126.45 vs. price of kr182.50 (44.3% above fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 121.8% above the Conglomerates median (#332 of 421)

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


Arendals Fossekompani ASA Business Description

Address Langbryggen 9, Arendal, NOR, 4841
Arendals Fossekompani ASA is an industrial investment company holding several core investments and a portfolio of financial investments. The company invests in and owns companies that make energy from renewable sources more usable and accessible, and that contribute to a more sustainable use of resources. It owns and operates two hydropower plants. In addition, the firm operates globally in many forward-looking industries, including 3D printing, algo trading, satellite services, battery and solar technology, software and digitalization, as well as various green energy technologies. The company has seven operating segments: Group Management, AFK Vannkraft, NSSLGIobaI, ENRX, Tekna, AFK Eiendom, and Others.
64GF Score

Get the complete analysis for OSL:AFK

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

kr182.50
Price
kr126.45
GF Value