Arendals Fossekompani ASA (OSL:AFK) Cyclically Adjusted PB Ratio: 2.47 (As of Aug. 02, 2026) — Near Median

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OSL:AFK Arendals Fossekompani ASA OSL:AFK
66 GF Score
Price kr184.00
GF Value kr122.48
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Arendals Fossekompani ASA Cyclically Adjusted PB Ratio?

Arendals Fossekompani ASA OSL:AFK +1.10% 66 Cyclically Adjusted PB Ratio is 2.47 as of Aug. 02, 2026, which is 0% above its 10-year median of 2.46. GuruFocus rates OSL:AFK with a GF Score™ of 66/100 and a GF Value™ of kr122.48 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 470 Conglomerates companies, Arendals Fossekompani ASA ranks worse than 77.87% on this metric.

As of today (2026-08-02), Arendals Fossekompani ASA's current share price is kr184.00. Arendals Fossekompani ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr74.38. Arendals Fossekompani ASA's Cyclically Adjusted PB Ratio for today is 2.47.

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: 2.47

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
77.87% of 470 companies
in the Conglomerates industry
Industry Median: 1.02 vs OSL:AFK: 2.47

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 Mar. 2026 was kr87.701. 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 kr74.38 for the trailing ten years ended in Mar. 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 7.38 3.93 2.48 2.11 1.85

Arendals Fossekompani ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.80 1.86 1.82 1.85 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
66GF Score
Arendals Fossekompani ASA OSL:AFK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=184.00/74.38
=2.47

* 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 Mar. 2026 is calculated as:

For example, Arendals Fossekompani ASA's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=87.701/141.0300*141.0300
=87.701

Current CPI (Mar. 2026) = 141.0300.

Arendals Fossekompani ASA Quarterly Data

Book Value per Share CPI Adj_Book
201606 45.577 103.800 61.924
201609 46.984 104.200 63.591
201612 49.085 104.400 66.307
201703 52.597 105.000 70.645
201706 50.307 105.800 67.059
201709 50.892 105.900 67.774
201712 77.123 106.100 102.513
201803 84.314 107.300 110.818
201806 53.103 108.500 69.024
201809 53.304 109.500 68.653
201812 54.905 109.800 70.521
201903 56.557 110.400 72.248
201906 54.495 110.600 69.489
201909 55.504 111.100 70.457
201912 57.947 111.300 73.426
202003 52.846 111.200 67.022
202006 53.062 112.100 66.756
202009 52.429 112.900 65.492
202012 64.728 112.900 80.856
202103 91.447 114.600 112.537
202106 62.437 115.300 76.370
202109 62.271 117.500 74.741
202112 61.271 118.900 72.675
202203 60.422 119.800 71.130
202206 65.699 122.600 75.575
202209 64.651 125.600 72.593
202212 56.906 125.900 63.745
202303 57.693 127.600 63.765
202306 58.411 130.400 63.173
202309 56.436 129.800 61.319
202312 54.705 131.900 58.492
202403 55.289 132.600 58.804
202406 45.573 133.800 48.036
202409 44.813 133.700 47.270
202412 93.636 134.800 97.964
202503 92.489 136.100 95.839
202506 91.591 137.800 93.738
202509 104.365 138.500 106.271
202512 87.557 139.100 88.772
202603 87.701 141.030 87.701

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 2.47 mean?
Arendals Fossekompani ASA (OSL:AFK) has a Cyclically Adjusted PB Ratio of 2.47 as of Aug. 02, 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 #366 out of 470 companies in the Conglomerates industry, placing it in the top 77.9%.
Is Arendals Fossekompani ASA's Cyclically Adjusted PB Ratio too high?
Arendals Fossekompani ASA's current Cyclically Adjusted PB Ratio of 2.47 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 1.02. Arendals Fossekompani ASA's value of 2.47 is 142.2% above this industry median. Based on the distribution chart, Arendals Fossekompani ASA ranks #366 out of 470 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Arendals Fossekompani ASA has a GF Score™ of 66/100 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 #366 out of 470 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 1.02. Arendals Fossekompani ASA's value of 2.47 is 142.2% 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 1.02, 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 1.02, based on 470 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 2.47 is 142.2% 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 1.02 — 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 2.47, 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 kr122.48, compared to a current price of kr184.00 — trading 50.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.47, which is near median its 10-year median of 2.46 and 142.2% above the Conglomerates industry median of 1.02. Arendals Fossekompani ASA's overall GF Score™ is 66/100 with 8 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 2.47 as of Aug. 02, 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 kr184.00 is trading 50.2% above its estimated GF Value™ of kr122.48. GuruFocus considers Arendals Fossekompani ASA to be Significantly Overvalued.

Key valuation signals for OSL:AFK:

  • Cyclically Adjusted PB Ratio: 2.47 (near median its 10-year median of 2.46)
  • GF Value™: kr122.48 vs. price of kr184.00 (50.2% above fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 142.2% above the Conglomerates median (#366 of 470)

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.
66GF 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.

kr184.00
Price
kr122.48
GF Value