Goodtech ASA (OSL:GOD) Cyclically Adjusted PB Ratio: 1.12 (As of Jul. 30, 2026) — 107% Above Median

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OSL:GOD Goodtech ASA OSL:GOD
76 GF Score
Price kr14.50
GF Value kr9.56
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Goodtech ASA Cyclically Adjusted PB Ratio?

Goodtech ASA OSL:GOD +0.69% 76 Cyclically Adjusted PB Ratio is 1.12 as of Jul. 30, 2026, which is 107% above its 10-year median of 0.54. GuruFocus rates OSL:GOD with a GF Score™ of 76/100 and a GF Value™ of kr9.56 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,352 Construction companies, Goodtech ASA ranks better than 51.55% on this metric.

As of today (2026-07-30), Goodtech ASA's current share price is kr14.50. Goodtech ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr12.93. Goodtech ASA's Cyclically Adjusted PB Ratio for today is 1.12.

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

OSL:GOD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.54   Max: 1.12
Current: 1.12

During the past years, Goodtech ASA's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.18. And the median was 0.54.

OSL:GOD's Cyclically Adjusted PB Ratio is ranked better than
51.55% of 1352 companies
in the Construction industry
Industry Median: 1.155 vs OSL:GOD: 1.12

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.

Goodtech ASA's adjusted book value per share data for the three months ended in Jun. 2026 was kr9.565. 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 kr12.93 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Goodtech ASA  (OSL:GOD) 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.


Goodtech ASA Cyclically Adjusted PB Ratio Related Terms


Goodtech ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Goodtech 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.

Goodtech ASA Cyclically Adjusted PB Ratio Chart

Goodtech 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 0.52 0.45 0.62 0.69 0.74

Goodtech 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 0.67 0.65 0.74 0.82 0.99

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

For the Engineering & Construction subindustry, Goodtech 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.


Goodtech ASA Cyclically Adjusted PB Ratio vs Construction Industry

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

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


OSL:GOD
76GF Score
Goodtech ASA OSL:GOD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goodtech 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.50/12.93
=1.12

* 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.

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

For example, Goodtech 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)
=9.565/141.8500*141.8500
=9.565

Current CPI (Jun. 2026) = 141.8500.

Goodtech ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.813 104.200 21.527
201612 13.684 104.400 18.593
201703 13.714 105.000 18.527
201706 13.741 105.800 18.423
201709 13.632 105.900 18.260
201712 13.136 106.100 17.562
201803 13.101 107.300 17.319
201806 12.734 108.500 16.648
201809 12.855 109.500 16.653
201812 10.308 109.800 13.317
201903 10.492 110.400 13.481
201906 10.595 110.600 13.589
201909 10.501 111.100 13.407
201912 10.113 111.300 12.889
202003 10.152 111.200 12.950
202006 10.225 112.100 12.939
202009 10.230 112.900 12.853
202012 10.174 112.900 12.783
202103 10.122 114.600 12.529
202106 10.071 115.300 12.390
202109 9.965 117.500 12.030
202112 9.583 118.900 11.433
202203 9.655 119.800 11.432
202206 9.750 122.600 11.281
202209 9.674 125.600 10.926
202212 9.648 125.900 10.870
202303 9.942 127.600 11.052
202306 9.910 130.400 10.780
202309 10.042 129.800 10.974
202312 10.049 131.900 10.807
202403 10.315 132.600 11.035
202406 10.272 133.800 10.890
202409 10.150 133.700 10.769
202412 9.175 134.800 9.655
202503 8.866 136.100 9.241
202506 8.792 137.800 9.050
202509 9.048 138.500 9.267
202512 9.503 139.100 9.691
202603 9.841 141.030 9.898
202606 9.565 141.850 9.565

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 1.12 mean?
Goodtech ASA (OSL:GOD) has a Cyclically Adjusted PB Ratio of 1.12 as of Jul. 30, 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 Goodtech ASA and its competitors. This is 107% above median its historical median of 0.54. Over the past decade, Goodtech ASA's Cyclically Adjusted PB Ratio has ranged from 0.18 to 1.12. According to the industry distribution chart, Goodtech ASA ranks #655 out of 1352 companies in the Construction industry, placing it in the top 48.4%.
Is Goodtech ASA's Cyclically Adjusted PB Ratio too high?
Goodtech ASA's current Cyclically Adjusted PB Ratio of 1.12 is 107% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.12. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Goodtech ASA's value of 1.12 is 3% below this industry median. Based on the distribution chart, Goodtech ASA ranks #655 out of 1352 companies in the Construction industry, which is above the industry midpoint. Overall, Goodtech ASA has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodtech ASA's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Goodtech ASA ranks #655 out of 1352 companies for Cyclically Adjusted PB Ratio. This puts Goodtech ASA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Goodtech ASA's value of 1.12 is 3% below this benchmark. Historically, Goodtech ASA's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 1.12 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.16, Goodtech 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,352 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. Goodtech ASA's current Cyclically Adjusted PB Ratio of 1.12 is 3% 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 Goodtech 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. Goodtech ASA's current Cyclically Adjusted PB Ratio is 1.12, which is 107% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodtech ASA stock overvalued right now?
Based on GuruFocus' analysis, Goodtech ASA (OSL:GOD) is currently considered Significantly Overvalued. The stock's GF Value™ is kr9.56, compared to a current price of kr14.50 — trading 51.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.12, which is 107% above median its 10-year median of 0.54 and 3% below the Construction industry median of 1.16. Goodtech ASA's overall GF Score™ is 76/100 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 Goodtech ASA (OSL:GOD), the current Cyclically Adjusted PB Ratio is 1.12 as of Jul. 30, 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 Goodtech ASA (OSL:GOD) Overvalued in 2026?

Based on GuruFocus' analysis, Goodtech ASA stock appears to be overvalued. The current stock price of kr14.50 is trading 51.7% above its estimated GF Value™ of kr9.56. GuruFocus considers Goodtech ASA to be Significantly Overvalued.

Key valuation signals for OSL:GOD:

  • Cyclically Adjusted PB Ratio: 1.12 (107% above median its 10-year median of 0.54)
  • GF Value™: kr9.56 vs. price of kr14.50 (51.7% above fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 3% below the Construction median (#655 of 1352)

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


Goodtech ASA Business Description

Other Exchanges 0ELH:UK6FO:Germany
Address Innspurten 15, Oslo, NOR, 0663
Goodtech ASA is a specialist in control systems, digitalization, and production optimization for the manufacturing industry. The company plays an active role in modernizing, streamlining, and driving the critical digital transformation in Nordic industry. It also provides technical solutions in the field of Food & Beverage, Manufacturing, Renewables, Process Industry, New Industries, Energy & Utilities, Metals & Minerals, Mobility, Pharma, and Marine & Aquaculture. It also supplies automation products and streamlining solutions globally.
76GF Score

Get the complete analysis for OSL:GOD

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

kr14.50
Price
kr9.56
GF Value