Grong Sparebank (OSL:GRONG) Cyclically Adjusted PB Ratio: 0.59 (As of Sep. 06, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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OSL:GRONG Grong Sparebank OSL:GRONG
72 GF Score
Price kr181.98
GF Value kr177.80
Valuation Fairly Valued
! 5 Warning Signs
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What is Grong Sparebank Cyclically Adjusted PB Ratio?

Grong Sparebank OSL:GRONG 72 Cyclically Adjusted PB Ratio is 0.59 as of Sep. 06, 2026, which is 5% below its 10-year median of 0.62. GuruFocus rates OSL:GRONG with a GF Score™ of 72/100 and a GF Value™ of kr177.80 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,274 Banks companies, Grong Sparebank ranks better than 83.36% on this metric.

As of today (2026-09-06), Grong Sparebank's current share price is kr181.98. Grong Sparebank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr308.81. Grong Sparebank's Cyclically Adjusted PB Ratio for today is 0.59.

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

OSL:GRONG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.62   Max: 0.65
Current: 0.59

During the past years, Grong Sparebank's highest Cyclically Adjusted PB Ratio was 0.65. The lowest was 0.52. And the median was 0.62.

OSL:GRONG's Cyclically Adjusted PB Ratio is ranked better than
83.36% of 1274 companies
in the Banks industry
Industry Median: 1.29 vs OSL:GRONG: 0.59

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.

Grong Sparebank's adjusted book value per share data for the three months ended in Jun. 2026 was kr383.772. 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 kr308.81 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grong Sparebank  (OSL:GRONG) 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.


Grong Sparebank Cyclically Adjusted PB Ratio Related Terms


Grong Sparebank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grong Sparebank'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.

Grong Sparebank Cyclically Adjusted PB Ratio Chart

Grong Sparebank 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 0.00 0.00 0.00 0.00 0.56

Grong Sparebank 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 0.00 0.53 0.56 0.63 0.63

Grong Sparebank Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Grong Sparebank'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.


Grong Sparebank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Grong Sparebank's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSL:GRONG
72GF Score
Grong Sparebank OSL:GRONG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grong Sparebank 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.

Grong Sparebank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=181.98/308.81
=0.59

* 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.

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

For example, Grong Sparebank'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)
=383.772/141.5800*141.5800
=383.772

Current CPI (Jun. 2026) = 141.5800.

Grong Sparebank Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 104.200 0.000
201612 163.173 104.400 221.284
201703 166.211 105.000 224.116
201706 196.984 105.800 263.601
201709 200.547 105.900 268.116
201712 198.556 106.100 264.953
201803 202.086 107.300 266.648
201806 207.896 108.500 271.280
201809 212.155 109.500 274.310
201812 210.636 109.800 271.602
201903 215.760 110.400 276.697
201906 200.956 110.600 257.245
201909 204.739 111.100 260.909
201912 202.951 111.300 258.165
202003 223.838 111.200 284.991
202006 229.182 112.100 289.452
202009 233.282 112.900 292.543
202012 246.742 112.900 309.422
202103 245.520 114.600 303.322
202106 252.103 115.300 309.564
202109 267.333 117.500 322.119
202112 270.282 118.900 321.838
202203 240.323 119.800 284.014
202206 270.966 122.600 312.915
202209 278.960 125.600 314.452
202212 292.362 125.900 328.774
202303 288.049 127.600 319.608
202306 299.663 130.400 325.355
202309 305.735 129.800 333.482
202312 321.181 131.900 344.752
202403 336.331 132.600 359.108
202406 328.739 133.800 347.854
202409 335.493 133.700 355.266
202412 341.753 134.800 358.942
202503 346.935 136.100 360.904
202506 350.684 137.800 360.304
202509 363.188 138.500 371.265
202512 378.481 139.100 385.229
202603 383.825 141.030 385.322
202606 383.772 141.580 383.772

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 0.59 mean?
Grong Sparebank (OSL:GRONG) has a Cyclically Adjusted PB Ratio of 0.59 as of Sep. 06, 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 Grong Sparebank and its competitors. This is near median its historical median of 0.62. Over the past decade, Grong Sparebank's Cyclically Adjusted PB Ratio has ranged from 0.52 to 0.65. According to the industry distribution chart, Grong Sparebank ranks #212 out of 1274 companies in the Banks industry, placing it in the top 16.6%.
Is Grong Sparebank's Cyclically Adjusted PB Ratio too high?
Grong Sparebank's current Cyclically Adjusted PB Ratio of 0.59 is near median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.65. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Grong Sparebank's value of 0.59 is 54.3% below this industry median. Based on the distribution chart, Grong Sparebank ranks #212 out of 1274 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Grong Sparebank has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grong Sparebank's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, Grong Sparebank ranks #212 out of 1274 companies for Cyclically Adjusted PB Ratio. This places Grong Sparebank in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.29. Grong Sparebank's value of 0.59 is 54.3% below this benchmark. Historically, Grong Sparebank's own Cyclically Adjusted PB Ratio has ranged from 0.52 to 0.65 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.29, Grong Sparebank 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,274 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. Grong Sparebank's current Cyclically Adjusted PB Ratio of 0.59 is 54.3% 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 Grong Sparebank and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grong Sparebank's current Cyclically Adjusted PB Ratio is 0.59, which is near median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grong Sparebank stock overvalued right now?
Based on GuruFocus' analysis, Grong Sparebank (OSL:GRONG) is currently considered Fairly Valued. The stock's GF Value™ is kr177.80, compared to a current price of kr181.98 — trading 2.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.59, which is near median its 10-year median of 0.62 and 54.3% below the Banks industry median of 1.29. Grong Sparebank's overall GF Score™ is 72/100 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 Grong Sparebank (OSL:GRONG), the current Cyclically Adjusted PB Ratio is 0.59 as of Sep. 06, 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 Grong Sparebank (OSL:GRONG) Overvalued in 2026?

Based on GuruFocus' analysis, Grong Sparebank stock appears to be overvalued. The current stock price of kr181.98 is trading 2.4% above its estimated GF Value™ of kr177.80. GuruFocus considers Grong Sparebank to be Fairly Valued.

Key valuation signals for OSL:GRONG:

  • Cyclically Adjusted PB Ratio: 0.59 (near median its 10-year median of 0.62)
  • GF Value™: kr177.80 vs. price of kr181.98 (2.4% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 54.3% below the Banks median (#212 of 1274)

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


Grong Sparebank Business Description

Address Sundspetvegen 2, PB 104, Grong, NOR, 7871
Grong Sparebank is an independent, local savings bank. It offers banking services to the local community such as Car loans, Mortgage, Loans and refinancing, Retirement and Bank Savings, Insurances, mobile and Online Banking, International payment and others.
72GF Score

Get the complete analysis for OSL:GRONG

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

kr181.98
Price
kr177.80
GF Value