ArcticZymes Technologies ASA (OSL:AZT) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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OSL:AZT ArcticZymes Technologies ASA OSL:AZT
85 GF Score
Price kr20.60
GF Value kr26.51
Valuation Modestly Undervalued
! 1 Warning Sign
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What is ArcticZymes Technologies ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ArcticZymes Technologies ASA  (OSL:AZT) 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.


ArcticZymes Technologies ASA Cyclically Adjusted PB Ratio Related Terms


ArcticZymes Technologies ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ArcticZymes Technologies 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.

ArcticZymes Technologies ASA Cyclically Adjusted PB Ratio Chart

ArcticZymes Technologies 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 43.56 26.07 12.58 3.57 4.85

ArcticZymes Technologies 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 4.52 6.88 5.10 4.65 4.66

OSL:AZT vs VRTX, REGN, MRNA: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, ArcticZymes Technologies 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.


ArcticZymes Technologies ASA Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ArcticZymes Technologies ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSL:AZT
85GF Score
ArcticZymes Technologies ASA OSL:AZT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ArcticZymes Technologies 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.

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

For example, ArcticZymes Technologies 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)
=6.792/141.6200*141.6200
=6.792

Current CPI (Jun. 2026) = 141.6200.

ArcticZymes Technologies ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.730 104.200 2.351
201612 1.549 104.400 2.101
201703 1.460 105.000 1.969
201706 1.364 105.800 1.826
201709 1.190 105.900 1.591
201712 1.020 106.100 1.361
201803 0.877 107.300 1.158
201806 1.158 108.500 1.511
201809 1.144 109.500 1.480
201812 1.086 109.800 1.401
201903 1.003 110.400 1.287
201906 0.954 110.600 1.222
201909 0.970 111.100 1.236
201912 0.962 111.300 1.224
202003 1.247 111.200 1.588
202006 1.786 112.100 2.256
202009 1.978 112.900 2.481
202012 4.062 112.900 5.095
202103 4.467 114.600 5.520
202106 4.387 115.300 5.388
202109 4.529 117.500 5.459
202112 4.861 118.900 5.790
202203 5.283 119.800 6.245
202206 5.466 122.600 6.314
202209 5.557 125.600 6.266
202212 5.630 125.900 6.333
202303 5.722 127.600 6.351
202306 5.868 130.400 6.373
202309 6.005 129.800 6.552
202312 6.080 131.900 6.528
202403 6.165 132.600 6.584
202406 6.240 133.800 6.605
202409 6.243 133.700 6.613
202412 6.349 134.800 6.670
202503 6.311 136.100 6.567
202506 6.393 137.800 6.570
202509 6.471 138.500 6.617
202512 6.625 139.140 6.743
202603 6.663 141.060 6.689
202606 6.792 141.620 6.792

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 ArcticZymes Technologies ASA (OSL:AZT) Overvalued in 2026?

Based on GuruFocus' analysis, ArcticZymes Technologies ASA stock appears to be undervalued. The current stock price of kr20.60 is trading 22.3% below its estimated GF Value™ of kr26.51. GuruFocus considers ArcticZymes Technologies ASA to be Modestly Undervalued.

Key valuation signals for OSL:AZT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr26.51 vs. price of kr20.60 (22.3% below fair value)
  • GF Score™: 85/100 with 1 warning sign

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


ArcticZymes Technologies ASA Business Description

Other Exchanges BIOTECO:Sweden0DRV:UK
Address Sykehusveien 23, Tromso, NOR, 9294
ArcticZymes Technologies ASA is a biotechnology company. The company is engaged in developing, producing, and marketing immune-modulating beta-glucans and novel recombinant enzymes for use in molecular research, In Vitro Diagnostics (IVD) and biomanufacturing. The company's products include Woulgan wound gel, Feed Ingredient (M-Glucan), Nutraceuticals (M-Gard), Recombinant enzymes, and others. The company reports in two operating segments, Enzymes and Corporate. Geographically, it derives a majority of revenue from the USA followed by Lithuania, Norway, Germany, France, Italy, UK, Other countries in Europe, and Rest of world.
85GF Score

Get the complete analysis for OSL:AZT

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

kr20.60
Price
kr26.51
GF Value