Orkla ASA (OSL:ORK) Cyclically Adjusted PB Ratio: 2.30 (As of Jul. 12, 2026) — Near Median


OSL:ORK Orkla ASA OSL:ORK
91 GF Score
Price kr105.70
GF Value kr104.98
Valuation Fairly Valued
! 3 Warning Signs
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What is Orkla ASA Cyclically Adjusted PB Ratio?

Orkla ASA OSL:ORK +0.19% 91 Cyclically Adjusted PB Ratio is 2.30 as of Jul. 12, 2026, which is 8% above its 10-year median of 2.13. GuruFocus rates OSL:ORK with a GF Score™ of 91/100 and a GF Value™ of kr104.98 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,445 Consumer Packaged Goods companies, Orkla ASA ranks worse than 71.35% on this metric.

As of today (2026-07-12), Orkla ASA's current share price is kr105.70. Orkla ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr45.89. Orkla ASA's Cyclically Adjusted PB Ratio for today is 2.30.

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

OSL:ORK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 2.13   Max: 2.88
Current: 2.3

During the past years, Orkla ASA's highest Cyclically Adjusted PB Ratio was 2.88. The lowest was 1.67. And the median was 2.13.

OSL:ORK's Cyclically Adjusted PB Ratio is ranked worse than
71.35% of 1445 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs OSL:ORK: 2.30

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.

Orkla ASA's adjusted book value per share data for the three months ended in Mar. 2026 was kr48.507. 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 kr45.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orkla ASA  (OSL:ORK) 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.


Orkla ASA Cyclically Adjusted PB Ratio Related Terms


Orkla ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orkla 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.

Orkla ASA Cyclically Adjusted PB Ratio Chart

Orkla 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 2.36 1.80 1.89 2.27 2.49

Orkla ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.63 2.46 2.32 2.49 2.65

OSL:ORK vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Orkla 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.


Orkla ASA Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Orkla ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSL:ORK
91GF Score
Orkla ASA OSL:ORK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Orkla 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=105.70/45.89
=2.30

* 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.

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

For example, Orkla ASA's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=48.507/141.0300*141.0300
=48.507

Current CPI (Mar. 2026) = 141.0300.

Orkla ASA Quarterly Data

Book Value per Share CPI Adj_Book
201606 31.319 103.800 42.552
201609 31.561 104.200 42.716
201612 32.891 104.400 44.431
201703 34.149 105.000 45.867
201706 33.036 105.800 44.037
201709 36.929 105.900 49.179
201712 33.775 106.100 44.894
201803 33.750 107.300 44.359
201806 31.325 108.500 40.717
201809 31.872 109.500 41.049
201812 33.533 109.800 43.071
201903 33.747 110.400 43.110
201906 32.024 110.600 40.835
201909 33.308 111.100 42.281
201912 34.441 111.300 43.641
202003 38.080 111.200 48.295
202006 35.446 112.100 44.594
202009 37.046 112.900 46.276
202012 37.207 112.900 46.477
202103 37.371 114.600 45.990
202106 36.127 115.300 44.189
202109 37.512 117.500 45.024
202112 38.573 118.900 45.752
202203 39.128 119.800 46.062
202206 38.763 122.600 44.590
202209 40.999 125.600 46.036
202212 41.805 125.900 46.829
202303 45.037 127.600 49.777
202306 43.823 130.400 47.395
202309 44.592 129.800 48.450
202312 45.373 131.900 48.514
202403 47.848 132.600 50.890
202406 44.383 133.800 46.781
202409 46.313 133.700 48.852
202412 48.095 134.800 50.318
202503 48.426 136.100 50.180
202506 44.984 137.800 46.038
202509 46.240 138.500 47.085
202512 49.164 139.100 49.846
202603 48.507 141.030 48.507

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 2.30 mean?
Orkla ASA (OSL:ORK) has a Cyclically Adjusted PB Ratio of 2.30 as of Jul. 12, 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 Orkla ASA and its competitors. This is near median its historical median of 2.13. Over the past decade, Orkla ASA's Cyclically Adjusted PB Ratio has ranged from 1.67 to 2.88. According to the industry distribution chart, Orkla ASA ranks #1031 out of 1445 companies in the Consumer Packaged Goods industry, placing it in the top 71.3%.
Is Orkla ASA's Cyclically Adjusted PB Ratio too high?
Orkla ASA's current Cyclically Adjusted PB Ratio of 2.30 is near median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 2.88. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Orkla ASA's value of 2.30 is 84% above this industry median. Based on the distribution chart, Orkla ASA ranks #1031 out of 1445 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Orkla ASA has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orkla ASA's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Orkla ASA ranks #1031 out of 1445 companies for Cyclically Adjusted PB Ratio. This places Orkla ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Orkla ASA's value of 2.30 is 84% above this benchmark. Historically, Orkla ASA's own Cyclically Adjusted PB Ratio has ranged from 1.67 to 2.88 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 1.25, Orkla 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,445 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. Orkla ASA's current Cyclically Adjusted PB Ratio of 2.30 is 84% 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 Orkla ASA and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orkla ASA's current Cyclically Adjusted PB Ratio is 2.30, which is near median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orkla ASA stock overvalued right now?
Based on GuruFocus' analysis, Orkla ASA (OSL:ORK) is currently considered Fairly Valued. The stock's GF Value™ is kr104.98, compared to a current price of kr105.70 — trading 0.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.30, which is near median its 10-year median of 2.13 and 84% above the Consumer Packaged Goods industry median of 1.25. Orkla ASA's overall GF Score™ is 91/100 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 Orkla ASA (OSL:ORK), the current Cyclically Adjusted PB Ratio is 2.30 as of Jul. 12, 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 Orkla ASA (OSL:ORK) Overvalued in 2026?

Based on GuruFocus' analysis, Orkla ASA stock appears to be overvalued. The current stock price of kr105.70 is trading 0.7% above its estimated GF Value™ of kr104.98. GuruFocus considers Orkla ASA to be Fairly Valued.

Key valuation signals for OSL:ORK:

  • Cyclically Adjusted PB Ratio: 2.30 (near median its 10-year median of 2.13)
  • GF Value™: kr104.98 vs. price of kr105.70 (0.7% above fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 84% above the Consumer Packaged Goods median (#1031 of 1445)

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


Orkla ASA Business Description

Address Drammensveien 149, Oslo, NOR, NO-0277
Orkla ASA is a branded consumer goods company, originally from Norway. Its segments include Orkla Foods, Orkla Food Ingredients, Orkla Snacks, Orkla Health, Orkla India, Orkla Home & Personal Care, The European Pizza, Orkla House Care, Health and Sports Nutrition Group, Pierre Robert Group, and Lilleborg. It generates the majority of its revenue from Norway.
91GF Score

Get the complete analysis for OSL:ORK

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

kr105.70
Price
kr104.98
GF Value