GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 SMN (OSL:MING) » Definitions » Cyclically Adjusted PB Ratio

SpareBank 1 SMN (OSL:MING) Cyclically Adjusted PB Ratio : 1.08 (As of Jun. 17, 2025)


View and export this data going back to 1994. Start your Free Trial

What is SpareBank 1 SMN Cyclically Adjusted PB Ratio?

As of today (2025-06-17), SpareBank 1 SMN's current share price is kr191.04. SpareBank 1 SMN's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr176.38. SpareBank 1 SMN's Cyclically Adjusted PB Ratio for today is 1.08.

The historical rank and industry rank for SpareBank 1 SMN's Cyclically Adjusted PB Ratio or its related term are showing as below:

OSL:MING' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.89   Max: 1.17
Current: 1.07

During the past years, SpareBank 1 SMN's highest Cyclically Adjusted PB Ratio was 1.17. The lowest was 0.58. And the median was 0.89.

OSL:MING's Cyclically Adjusted PB Ratio is ranked worse than
53.57% of 1288 companies
in the Banks industry
Industry Median: 1.02 vs OSL:MING: 1.07

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.

SpareBank 1 SMN's adjusted book value per share data for the three months ended in Mar. 2025 was kr192.955. 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 kr176.38 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SpareBank 1 SMN Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SpareBank 1 SMN'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.

SpareBank 1 SMN Cyclically Adjusted PB Ratio Chart

SpareBank 1 SMN 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 0.81 1.12 0.86 0.87 0.99

SpareBank 1 SMN 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 0.83 0.90 0.90 0.99 1.04

Competitive Comparison of SpareBank 1 SMN's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, SpareBank 1 SMN'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.


SpareBank 1 SMN's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 SMN's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SpareBank 1 SMN's Cyclically Adjusted PB Ratio falls into.


;
;

SpareBank 1 SMN 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.

SpareBank 1 SMN's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=191.04/176.38
=1.08

* 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.

SpareBank 1 SMN's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, SpareBank 1 SMN'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)
=192.955/136.1000*136.1000
=192.955

Current CPI (Mar. 2025) = 136.1000.

SpareBank 1 SMN Quarterly Data

Book Value per Share CPI Adj_Book
201506 99.287 100.100 134.995
201509 101.359 100.600 137.127
201512 104.637 100.900 141.141
201603 105.356 102.500 139.892
201606 108.275 103.800 141.968
201609 111.548 104.200 145.698
201612 121.904 104.400 158.919
201703 114.537 105.000 148.462
201706 117.579 105.800 151.252
201709 121.222 105.900 155.791
201712 130.521 106.100 167.426
201803 129.332 107.300 164.046
201806 134.237 108.500 168.384
201809 138.844 109.500 172.572
201812 139.006 109.800 172.302
201903 138.698 110.400 170.985
201906 143.789 110.600 176.941
201909 147.201 111.100 180.325
201912 152.037 111.300 185.914
202003 145.098 111.200 177.588
202006 150.590 112.100 182.830
202009 154.264 112.900 185.964
202012 158.210 112.900 190.721
202103 160.541 114.600 190.660
202106 166.002 115.300 195.949
202109 171.208 117.500 198.310
202112 171.979 118.900 196.857
202203 165.085 119.800 187.546
202206 170.262 122.600 189.010
202209 176.819 125.600 191.601
202212 184.165 125.900 199.085
202303 177.625 127.600 189.457
202306 180.781 130.400 188.683
202309 184.121 129.800 193.058
202312 193.677 131.900 199.844
202403 182.564 132.600 187.383
202406 188.356 133.800 191.594
202409 200.309 133.700 203.905
202412 205.973 134.800 207.959
202503 192.955 136.100 192.955

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.


SpareBank 1 SMN  (OSL:MING) 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.


SpareBank 1 SMN Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of SpareBank 1 SMN's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


SpareBank 1 SMN Business Description

Industry
Traded in Other Exchanges
Address
Sondre gate 4, Trondheim, NOR, 7011
SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. The services and products of the bank serves real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income.

SpareBank 1 SMN Headlines

No Headlines