Borgestad ASA (OSL:BOR) Cyclically Adjusted PB Ratio: 0.03 (As of Jul. 17, 2026) — Near Median

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OSL:BOR Borgestad ASA OSL:BOR
63 GF Score
Price kr16.25
GF Value kr16.27
Valuation Fairly Valued
! 5 Warning Signs
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What is Borgestad ASA Cyclically Adjusted PB Ratio?

Borgestad ASA OSL:BOR -0.61% 63 Cyclically Adjusted PB Ratio is 0.03 as of Jul. 17, 2026, which is at its 10-year median of 0.03. GuruFocus rates OSL:BOR with a GF Score™ of 63/100 and a GF Value™ of kr16.27 (Fairly Valued). The stock has 5 warning signs investors should review. Among 325 Building Materials companies, Borgestad ASA ranks better than 99.69% on this metric.

As of today (2026-07-17), Borgestad ASA's current share price is kr16.25. Borgestad ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr507.42. Borgestad ASA's Cyclically Adjusted PB Ratio for today is 0.03.

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

OSL:BOR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.36
Current: 0.03

During the past years, Borgestad ASA's highest Cyclically Adjusted PB Ratio was 0.36. The lowest was 0.01. And the median was 0.03.

OSL:BOR's Cyclically Adjusted PB Ratio is ranked better than
99.69% of 325 companies
in the Building Materials industry
Industry Median: 1.08 vs OSL:BOR: 0.03

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.

Borgestad ASA's adjusted book value per share data for the three months ended in Mar. 2026 was kr18.340. 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 kr507.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Borgestad ASA  (OSL:BOR) 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.


Borgestad ASA Cyclically Adjusted PB Ratio Related Terms


Borgestad ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Borgestad 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.

Borgestad ASA Cyclically Adjusted PB Ratio Chart

Borgestad 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 0.10 0.02 0.02 0.03 0.04

Borgestad 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 0.03 0.03 0.03 0.04 0.03

OSL:BOR vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Borgestad 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.


Borgestad ASA Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Borgestad ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSL:BOR
63GF Score
Borgestad ASA OSL:BOR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borgestad 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.25/507.42
=0.03

* 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.

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

For example, Borgestad 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)
=18.34/141.0300*141.0300
=18.340

Current CPI (Mar. 2026) = 141.0300.

Borgestad ASA Quarterly Data

Book Value per Share CPI Adj_Book
201606 997.667 103.800 1,355.501
201609 953.180 104.200 1,290.086
201612 892.026 104.400 1,205.004
201703 974.393 105.000 1,308.749
201706 1,017.559 105.800 1,356.393
201709 976.954 105.900 1,301.037
201712 994.441 106.100 1,321.829
201803 924.746 107.300 1,215.442
201806 901.435 108.500 1,171.699
201809 907.218 109.500 1,168.447
201812 895.713 109.800 1,150.477
201903 593.341 110.400 757.961
201906 586.097 110.600 747.353
201909 609.997 111.100 774.328
201912 379.099 111.300 480.362
202003 430.199 111.200 545.602
202006 429.964 112.100 540.926
202009 450.467 112.900 562.705
202012 271.200 112.900 338.772
202103 270.026 114.600 332.302
202106 250.607 115.300 306.532
202109 245.008 117.500 294.072
202112 238.710 118.900 283.139
202203 41.783 119.800 49.187
202206 36.460 122.600 41.941
202209 38.037 125.600 42.710
202212 32.070 125.900 35.924
202303 34.565 127.600 38.203
202306 35.961 130.400 38.892
202309 31.648 129.800 34.386
202312 19.468 131.900 20.816
202403 19.804 132.600 21.063
202406 19.800 133.800 20.870
202409 20.734 133.700 21.871
202412 20.787 134.800 21.748
202503 20.031 136.100 20.757
202506 19.667 137.800 20.128
202509 20.379 138.500 20.751
202512 20.396 139.100 20.679
202603 18.340 141.030 18.340

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 0.03 mean?
Borgestad ASA (OSL:BOR) has a Cyclically Adjusted PB Ratio of 0.03 as of Jul. 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 Borgestad ASA and its competitors. This is near median its historical median of 0.03. Over the past decade, Borgestad ASA's Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.36. According to the industry distribution chart, Borgestad ASA ranks #1 out of 325 companies in the Building Materials industry, placing it in the top 0.3%.
Is Borgestad ASA's Cyclically Adjusted PB Ratio too high?
Borgestad ASA's current Cyclically Adjusted PB Ratio of 0.03 is near median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.36. The Building Materials industry median Cyclically Adjusted PB Ratio is 1.08. Borgestad ASA's value of 0.03 is 97.2% below this industry median. Based on the distribution chart, Borgestad ASA ranks #1 out of 325 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Borgestad ASA has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Borgestad ASA's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Borgestad ASA ranks #1 out of 325 companies for Cyclically Adjusted PB Ratio. This places Borgestad ASA in the top 0% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.08. Borgestad ASA's value of 0.03 is 97.2% below this benchmark. Historically, Borgestad ASA's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.36 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 1.08, Borgestad ASA has consistently been below 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 Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 1.08, based on 325 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. Borgestad ASA's current Cyclically Adjusted PB Ratio of 0.03 is 97.2% below 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 Borgestad ASA and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borgestad ASA's current Cyclically Adjusted PB Ratio is 0.03, which is near median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borgestad ASA stock overvalued right now?
Based on GuruFocus' analysis, Borgestad ASA (OSL:BOR) is currently considered Fairly Valued. The stock's GF Value™ is kr16.27, compared to a current price of kr16.25 — trading 0.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.03, which is near median its 10-year median of 0.03 and 97.2% below the Building Materials industry median of 1.08. Borgestad ASA's overall GF Score™ is 63/100 with 5 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 Borgestad ASA (OSL:BOR), the current Cyclically Adjusted PB Ratio is 0.03 as of Jul. 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 Borgestad ASA (OSL:BOR) Overvalued in 2026?

Based on GuruFocus' analysis, Borgestad ASA stock appears to be undervalued. The current stock price of kr16.25 is trading 0.1% below its estimated GF Value™ of kr16.27. GuruFocus considers Borgestad ASA to be Fairly Valued.

Key valuation signals for OSL:BOR:

  • Cyclically Adjusted PB Ratio: 0.03 (near median its 10-year median of 0.03)
  • GF Value™: kr16.27 vs. price of kr16.25 (0.1% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 97.2% below the Building Materials median (#1 of 325)

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


Borgestad ASA Business Description

Other Exchanges 0DTO:UK
Address Fornebuveien 1, Lysaker, NOR, 1366
Borgestad ASA is an investment company engaged in the real estate and refractory businesses. The Group has three operating segments: Real Estate, Refractory, and Other Activities. The Real Estate segment consists mainly of the Agora Bytom shopping center in Bytom, Poland. The Refractory segment develops, manufactures, and delivers refractory products, installations, and concept solutions to industrial customers through the Hoganas Borgestad Group. Its refractory materials are used to protect industrial production equipment exposed to high temperatures. The Other Activities segment includes operations in Borgestad ASA and its holding companies. Geographically, the company derives key revenue from Sweden, followed by Norway, Finland, and other regions.
63GF Score

Get the complete analysis for OSL:BOR

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

kr16.25
Price
kr16.27
GF Value