Endur ASA (OSL:ENDUR) Cyclically Adjusted PB Ratio: 1.97 (As of Aug. 27, 2026) — 1307% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSL:ENDUR Endur ASA OSL:ENDUR
83 GF Score
Price kr111.80
GF Value kr133.24
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Endur ASA Cyclically Adjusted PB Ratio?

Endur ASA OSL:ENDUR +0.90% 83 Cyclically Adjusted PB Ratio is 1.97 as of Aug. 27, 2026, which is 1307% above its 10-year median of 0.14. GuruFocus rates OSL:ENDUR with a GF Score™ of 83/100 and a GF Value™ of kr133.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,248 Construction companies, Endur ASA ranks worse than 67.39% on this metric.

As of today (2026-08-27), Endur ASA's current share price is kr111.80. Endur ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr56.80. Endur ASA's Cyclically Adjusted PB Ratio for today is 1.97.

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

OSL:ENDUR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.14   Max: 2.13
Current: 1.97

During the past years, Endur ASA's highest Cyclically Adjusted PB Ratio was 2.13. The lowest was 0.06. And the median was 0.14.

OSL:ENDUR's Cyclically Adjusted PB Ratio is ranked worse than
67.39% of 1248 companies
in the Construction industry
Industry Median: 1.155 vs OSL:ENDUR: 1.97

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.

Endur ASA's adjusted book value per share data for the three months ended in Jun. 2026 was kr47.919. 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 kr56.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Endur ASA  (OSL:ENDUR) 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.


Endur ASA Cyclically Adjusted PB Ratio Related Terms


Endur ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Endur 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.

Endur ASA Cyclically Adjusted PB Ratio Chart

Endur 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 0.17 0.31 1.01 1.57

Endur 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 1.41 1.40 1.57 1.80 1.96

OSL:ENDUR vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Endur 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.


Endur ASA Cyclically Adjusted PB Ratio vs Construction Industry

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

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


OSL:ENDUR
83GF Score
Endur ASA OSL:ENDUR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Endur 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.80/56.80
=1.97

* 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.

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

For example, Endur 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)
=47.919/141.5800*141.5800
=47.919

Current CPI (Jun. 2026) = 141.5800.

Endur ASA Quarterly Data

Book Value per Share CPI Adj_Book
201606 65.044 103.800 88.718
201609 61.372 104.200 83.388
201612 111.061 104.400 150.613
201703 107.074 105.000 144.377
201706 109.495 105.800 146.525
201709 109.930 105.900 146.968
201712 7.192 106.100 9.597
201803 99.808 107.300 131.694
201806 95.857 108.500 125.082
201809 89.106 109.500 115.211
201812 1.972 109.800 2.543
201903 29.434 110.400 37.747
201906 30.271 110.600 38.750
201909 30.261 111.100 38.563
201912 26.161 111.300 33.278
202003 27.312 111.200 34.774
202006 25.374 112.100 32.047
202012 21.811 112.900 27.352
202103 33.779 114.600 41.732
202106 31.929 115.300 39.206
202109 0.000 117.500 0.000
202112 32.725 118.900 38.967
202203 31.946 119.800 37.754
202206 32.987 122.600 38.094
202209 33.148 125.600 37.365
202212 32.630 125.900 36.694
202303 30.906 127.600 34.292
202306 31.324 130.400 34.010
202309 31.784 129.800 34.669
202312 32.413 131.900 34.792
202403 32.261 132.600 34.446
202406 32.532 133.800 34.424
202409 33.234 133.700 35.193
202412 33.591 134.800 35.281
202503 43.775 136.100 45.538
202506 44.665 137.800 45.890
202509 45.670 138.500 46.686
202512 46.553 139.100 47.383
202603 47.388 141.030 47.573
202606 47.919 141.580 47.919

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 1.97 mean?
Endur ASA (OSL:ENDUR) has a Cyclically Adjusted PB Ratio of 1.97 as of Aug. 27, 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 Endur ASA and its competitors. This is 1307% above median its historical median of 0.14. Over the past decade, Endur ASA's Cyclically Adjusted PB Ratio has ranged from 0.06 to 2.13. According to the industry distribution chart, Endur ASA ranks #841 out of 1248 companies in the Construction industry, placing it in the top 67.4%.
Is Endur ASA's Cyclically Adjusted PB Ratio too high?
Endur ASA's current Cyclically Adjusted PB Ratio of 1.97 is 1307% above median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 2.13. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Endur ASA's value of 1.97 is 70.6% above this industry median. Based on the distribution chart, Endur ASA ranks #841 out of 1248 companies in the Construction industry, which is below the industry midpoint. Overall, Endur ASA has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Endur ASA's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Endur ASA ranks #841 out of 1248 companies for Cyclically Adjusted PB Ratio. This places Endur ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Endur ASA's value of 1.97 is 70.6% above this benchmark. Historically, Endur ASA's own Cyclically Adjusted PB Ratio has ranged from 0.06 to 2.13 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 1.16, Endur 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,248 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. Endur ASA's current Cyclically Adjusted PB Ratio of 1.97 is 70.6% 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 Endur ASA and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Endur ASA's current Cyclically Adjusted PB Ratio is 1.97, which is 1307% above median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Endur ASA stock overvalued right now?
Based on GuruFocus' analysis, Endur ASA (OSL:ENDUR) is currently considered Modestly Undervalued. The stock's GF Value™ is kr133.24, compared to a current price of kr111.80 — trading 16.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.97, which is 1307% above median its 10-year median of 0.14 and 70.6% above the Construction industry median of 1.16. Endur ASA's overall GF Score™ is 83/100 with 3 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 Endur ASA (OSL:ENDUR), the current Cyclically Adjusted PB Ratio is 1.97 as of Aug. 27, 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 Endur ASA (OSL:ENDUR) Overvalued in 2026?

Based on GuruFocus' analysis, Endur ASA stock appears to be undervalued. The current stock price of kr111.80 is trading 16.1% below its estimated GF Value™ of kr133.24. GuruFocus considers Endur ASA to be Modestly Undervalued.

Key valuation signals for OSL:ENDUR:

  • Cyclically Adjusted PB Ratio: 1.97 (1307% above median its 10-year median of 0.14)
  • GF Value™: kr133.24 vs. price of kr111.80 (16.1% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 70.6% above the Construction median (#841 of 1248)

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


Endur ASA Business Description

Other Exchanges 0JGO:UK4ZT0:Germany
Address Strandveien 17, Lysaker, NOR, 1366
Endur ASA is a Nordic industrial group and supplier of infrastructure and solutions for the land-based aquaculture industry. The company specializes in critical infrastructure; including bridges, quays, tunnels, dams, and land-based aquaculture. Its business segments are Aquaculture Solutions, Infrastructure and Other. The majority of the company's revenue is derived from the infrastructure segment, which includes concrete and steel construction, railway, harbour/quay construction and maintenance and underwater services. The Aquaculture Solutions segment includes production of land-based fish-farming facilities, concrete feed barges for the aquaculture industry and associated electro and automation services.
83GF Score

Get the complete analysis for OSL:ENDUR

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

kr111.80
Price
kr133.24
GF Value