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Sparebanken Ost (OSL:SPOG) Cyclically Adjusted PB Ratio : 0.31 (As of Jun. 03, 2025)


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What is Sparebanken Ost Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Sparebanken Ost's current share price is kr72.60. Sparebanken Ost's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr231.24. Sparebanken Ost's Cyclically Adjusted PB Ratio for today is 0.31.

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

OSL:SPOG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.27   Max: 0.36
Current: 0.31

During the past years, Sparebanken Ost's highest Cyclically Adjusted PB Ratio was 0.36. The lowest was 0.22. And the median was 0.27.

OSL:SPOG's Cyclically Adjusted PB Ratio is ranked better than
92.37% of 1284 companies
in the Banks industry
Industry Median: 1.01 vs OSL:SPOG: 0.31

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.

Sparebanken Ost's adjusted book value per share data for the three months ended in Mar. 2025 was kr224.697. 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 kr231.24 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sparebanken Ost Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sparebanken Ost'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.

Sparebanken Ost Cyclically Adjusted PB Ratio Chart

Sparebanken Ost 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 0.31 0.31 0.24 0.23 0.32

Sparebanken Ost 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 0.24 0.24 0.26 0.32 0.31

Competitive Comparison of Sparebanken Ost's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Sparebanken Ost'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.


Sparebanken Ost's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Sparebanken Ost 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.

Sparebanken Ost's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=72.60/231.24
=0.31

* 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.

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

For example, Sparebanken Ost'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)
=224.697/136.1000*136.1000
=224.697

Current CPI (Mar. 2025) = 136.1000.

Sparebanken Ost Quarterly Data

Book Value per Share CPI Adj_Book
201506 135.620 100.100 184.394
201509 137.723 100.600 186.323
201512 142.352 100.900 192.013
201603 140.644 102.500 186.748
201606 145.319 103.800 190.539
201609 149.052 104.200 194.683
201612 153.205 104.400 199.724
201703 150.962 105.000 195.676
201706 155.810 105.800 200.432
201709 159.534 105.900 205.029
201712 180.213 106.100 231.169
201803 176.788 107.300 224.239
201806 181.747 108.500 227.979
201809 194.284 109.500 241.480
201812 190.256 109.800 235.827
201903 187.434 110.400 231.067
201906 191.385 110.600 235.511
201909 195.837 111.100 239.905
201912 199.773 111.300 244.287
202003 202.865 111.200 248.291
202006 214.047 112.100 259.873
202009 217.524 112.900 262.223
202012 214.264 112.900 258.293
202103 213.444 114.600 253.488
202106 220.091 115.300 259.795
202109 223.385 117.500 258.746
202112 226.395 118.900 259.145
202203 221.518 119.800 251.658
202206 225.049 122.600 249.830
202209 227.813 125.600 246.858
202212 231.166 125.900 249.894
202303 222.319 127.600 237.129
202306 230.684 130.400 240.768
202309 232.671 129.800 243.964
202312 237.017 131.900 244.564
202403 224.924 132.600 230.861
202406 233.033 133.800 237.039
202409 236.723 133.700 240.972
202412 242.246 134.800 244.582
202503 224.697 136.100 224.697

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.


Sparebanken Ost  (OSL:SPOG) 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.


Sparebanken Ost Cyclically Adjusted PB Ratio Related Terms

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


Sparebanken Ost Business Description

Industry
Traded in Other Exchanges
Address
Bragernes Torg 2, PO Box 67, Hokksund, Drammen, NOR, 3301
Sparebanken Øst is a savings bank in Norway. It offers banking products and services to retail and corporate customers in the areas of loans, payment services, insurance products, property management as well as advisory services. Its mission is to be a non-affiliated, independent and locally managed provider of financial services, to enable people in general, along with small and medium-sized enterprises, to exploit their financial resources in the best possible manner.

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