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Havila Shipping ASA (OSL:HAVI) Cyclically Adjusted PB Ratio : 0.02 (As of May. 25, 2025)


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What is Havila Shipping ASA Cyclically Adjusted PB Ratio?

As of today (2025-05-25), Havila Shipping ASA's current share price is kr1.495. Havila Shipping ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr78.52. Havila Shipping ASA's Cyclically Adjusted PB Ratio for today is 0.02.

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

OSL:HAVI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.07
Current: 0.02

During the past years, Havila Shipping ASA's highest Cyclically Adjusted PB Ratio was 0.07. The lowest was 0.01. And the median was 0.02.

OSL:HAVI's Cyclically Adjusted PB Ratio is ranked better than
99.57% of 699 companies
in the Transportation industry
Industry Median: 1.22 vs OSL:HAVI: 0.02

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.

Havila Shipping ASA's adjusted book value per share data for the three months ended in Mar. 2025 was kr1.255. 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 kr78.52 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Havila Shipping ASA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Havila Shipping 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.

* Premium members only.

Havila Shipping ASA Cyclically Adjusted PB Ratio Chart

Havila Shipping ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.04 0.02 0.02

Havila Shipping ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.02 0.03 0.02 0.02 0.02

Competitive Comparison of Havila Shipping ASA's Cyclically Adjusted PB Ratio

For the Marine Shipping subindustry, Havila Shipping 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.


Havila Shipping ASA's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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


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Havila Shipping 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.495/78.52
=0.02

* 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.

Havila Shipping ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Havila Shipping ASA's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.255/136.1000*136.1000
=1.255

Current CPI (Mar. 2025) = 136.1000.

Havila Shipping ASA Quarterly Data

Book Value per Share CPI Adj_Book
201506 931.126 100.100 1,265.996
201509 894.839 100.600 1,210.612
201512 232.487 100.900 313.592
201603 247.443 102.500 328.556
201606 210.236 103.800 275.656
201609 178.511 104.200 233.161
201612 -323.896 104.400 -422.244
201703 40.406 105.000 52.374
201706 34.472 105.800 44.344
201709 31.500 105.900 40.483
201712 22.379 106.100 28.707
201803 15.668 107.300 19.873
201806 8.965 108.500 11.245
201809 5.102 109.500 6.341
201812 -29.969 109.800 -37.147
201903 -33.836 110.400 -41.713
201906 -36.261 110.600 -44.621
201909 -40.465 111.100 -49.571
201912 -53.061 111.300 -64.884
202003 -53.250 111.200 -65.174
202006 8.057 112.100 9.782
202009 8.754 112.900 10.553
202012 -1.957 112.900 -2.359
202103 3.324 114.600 3.948
202106 3.286 115.300 3.879
202109 0.843 117.500 0.976
202112 0.808 118.900 0.925
202203 0.119 119.800 0.135
202206 1.503 122.600 1.669
202209 -0.545 125.600 -0.591
202212 -3.932 125.900 -4.251
202303 1.049 127.600 1.119
202306 0.820 130.400 0.856
202309 2.036 129.800 2.135
202312 0.822 131.900 0.848
202403 0.826 132.600 0.848
202406 0.996 133.800 1.013
202409 1.164 133.700 1.185
202412 1.189 134.800 1.200
202503 1.255 136.100 1.255

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.


Havila Shipping ASA  (OSL:HAVI) 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.


Havila Shipping ASA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Havila Shipping ASA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Havila Shipping ASA Business Description

Traded in Other Exchanges
Address
P.O Box 215, Fosnavag, NOR, N-6099
Havila Shipping ASA along with its subsidiaries is engaged in the shipping business. The company manages and operates offshore service vessels. The group is involved in the operation of approximately 27 vessels. Its segment includes Anchor handling tug service, Platform Supply Vessel, Asia, Platform supply vessel, Rescue recovery vessel, Subsea operations vessels, and Non-allocated. The group generates revenue mainly from customers located in Norway, the UK, Denmark, and the Netherlands. The Group generates the majority of its revenue from PSV and the Subsea segment.

Havila Shipping ASA Headlines

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