Scana ASA (OSTO:INCO) Cyclically Adjusted PB Ratio: (As of Sep. 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.

OSTO:INCO Scana ASA OSTO:INCO
66 GF Score
Price kr1.42
GF Value kr2.01
Valuation Possible Value Trap
! 3 Warning Signs
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What is Scana ASA Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Scana ASA  (OSTO:INCo) 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.


Scana ASA Cyclically Adjusted PB Ratio Related Terms


Scana ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Scana 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.

Scana ASA Cyclically Adjusted PB Ratio Chart

Scana 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 0.18 0.28 0.99 2.13 1.09

Scana 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 1.12 1.26 1.02 1.05 1.12

OSTO:INCO vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Scana 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.


Scana ASA Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Scana ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OSTO:INCO
66GF Score
Scana ASA OSTO:INCO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scana 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.

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

For example, Scana 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)
=1.388/141.6200*141.6200
=1.388

Current CPI (Jun. 2026) = 141.6200.

Scana ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.656 104.200 2.251
201612 1.985 104.400 2.693
201703 2.204 105.000 2.973
201706 2.167 105.800 2.901
201709 2.056 105.900 2.749
201712 1.635 106.100 2.182
201803 1.516 107.300 2.001
201806 1.432 108.500 1.869
201809 1.125 109.500 1.455
201812 0.119 109.800 0.153
201903 0.177 110.400 0.227
201906 0.260 110.600 0.333
201909 0.251 111.100 0.320
201912 0.210 111.300 0.267
202003 0.149 111.200 0.190
202006 0.204 112.100 0.258
202009 0.601 112.900 0.754
202012 0.691 112.900 0.867
202103 0.727 114.600 0.898
202106 0.753 115.300 0.925
202109 0.725 117.500 0.874
202112 0.950 118.900 1.132
202203 1.194 119.800 1.411
202206 1.158 122.600 1.338
202209 1.116 125.600 1.258
202212 1.118 125.900 1.258
202303 1.145 127.600 1.271
202306 1.222 130.400 1.327
202309 1.247 129.800 1.361
202312 1.292 131.900 1.387
202403 1.350 132.600 1.442
202406 1.432 133.800 1.516
202409 1.460 133.700 1.546
202412 1.435 134.800 1.508
202503 1.376 136.100 1.432
202506 1.320 137.800 1.357
202509 1.318 138.500 1.348
202512 1.360 139.140 1.384
202603 1.378 141.060 1.383
202606 1.388 141.620 1.388

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 Scana ASA (OSTO:INCO) Overvalued in 2026?

Based on GuruFocus' analysis, Scana ASA stock appears to be undervalued. The current stock price of kr1.42 is trading 29.6% below its estimated GF Value™ of kr2.01. GuruFocus considers Scana ASA to be Possible Value Trap.

Key valuation signals for OSTO:INCO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr2.01 vs. price of kr1.42 (29.6% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Scana ASA Business Description

Address Wernersholmvegen 49, Paradis, Bergen, NOR, 5232
Scana ASA is an active industrial owner of technology and services for the offshore and energy industries. Along with its subsidiaries, the company operates in two business areas: Energy and Offshore. A majority of its revenue is generated from the Offshore segment, which delivers the design and manufacturing of riser applications and specialist subsea equipment to rig servicing, ISS services, mooring systems, and IMR lifecycle services for rigs and vessels, covering various products and services. In addition, it delivers mooring solutions and valve control systems to the shipping, energy, and aquaculture industries. Geographically, the group derives maximum revenue from Norway, followed by Other European countries, America, Asia, and Africa.
66GF Score

Get the complete analysis for OSTO:INCO

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

kr1.42
Price
kr2.01
GF Value