Scatec ASA (OSL:SCATC) Cyclically Adjusted PB Ratio: (As of Aug. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSL:SCATC Scatec ASA OSL:SCATC
83 GF Score
Price kr96.60
GF Value kr115.85
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Scatec ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Scatec ASA  (OSL:SCATC) 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.


Scatec ASA Cyclically Adjusted PB Ratio Related Terms


Scatec ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Scatec 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.

Scatec ASA Cyclically Adjusted PB Ratio Chart

Scatec 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 0.00 3.12 2.68 2.19 2.48

Scatec 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 2.34 2.38 2.48 2.92 0.00

Scatec ASA Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Scatec 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.


Scatec ASA Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Scatec ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSL:SCATC
83GF Score
Scatec ASA OSL:SCATC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scatec 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.

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

For example, Scatec 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)
=60.751/141.5800*141.5800
=60.751

Current CPI (Jun. 2026) = 141.5800.

Scatec ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.546 104.200 8.894
201612 7.299 104.400 9.898
201703 10.017 105.000 13.507
201706 9.694 105.800 12.972
201709 13.306 105.900 17.789
201712 12.704 106.100 16.952
201803 11.869 107.300 15.661
201806 16.355 108.500 21.341
201809 16.448 109.500 21.267
201812 16.621 109.800 21.432
201903 16.166 110.400 20.732
201906 14.288 110.600 18.290
201909 24.948 111.100 31.792
201912 23.775 111.300 30.243
202003 26.905 111.200 34.255
202006 36.686 112.100 46.334
202009 32.043 112.900 40.183
202012 55.546 112.900 69.656
202103 56.186 114.600 69.414
202106 56.706 115.300 69.631
202109 56.596 117.500 68.195
202112 58.352 118.900 69.483
202203 47.225 119.800 55.811
202206 49.165 122.600 56.776
202209 57.898 125.600 65.264
202212 51.996 125.900 58.472
202303 55.198 127.600 61.246
202306 56.143 130.400 60.956
202309 54.997 129.800 59.988
202312 54.664 131.900 58.676
202403 57.703 132.600 61.611
202406 53.625 133.800 56.743
202409 64.247 133.700 68.034
202412 66.871 134.800 70.234
202503 63.908 136.100 66.481
202506 63.851 137.800 65.603
202509 63.750 138.500 65.168
202512 63.077 139.100 64.202
202603 60.212 141.030 60.447
202606 60.751 141.580 60.751

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.

Is Scatec ASA (OSL:SCATC) Overvalued in 2026?

Based on GuruFocus' analysis, Scatec ASA stock appears to be undervalued. The current stock price of kr96.60 is trading 16.6% below its estimated GF Value™ of kr115.85. GuruFocus considers Scatec ASA to be Modestly Undervalued.

Key valuation signals for OSL:SCATC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr115.85 vs. price of kr96.60 (16.6% below fair value)
  • GF Score™: 83/100 with 9 warning signs

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


Scatec ASA Business Description

Address Askekroken 11, Oslo, NOR, 0277
Scatec ASA is a renewable energy solutions provider, developing, building, investing in, and operating renewable energy plants across different continents. The company's operating segments are Power Production (PP), Development and Construction, and Corporate. A majority of its revenue is generated from the Power Production segment, which manages the group's power-producing assets and derives its revenue from the production and sale of solar, wind, and hydro-generated electricity, mainly based on long-term Power Purchase Agreements or feed-in tariffs. Geographically, it derives maximum revenue from South Africa, followed by Botswana, Tunisia, the Netherlands, and other regions.
83GF Score

Get the complete analysis for OSL:SCATC

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

kr96.60
Price
kr115.85
GF Value