Mowi ASA (OSTO:MOWI) Cyclically Adjusted PB Ratio: 2.71 (As of Aug. 23, 2026) — 29% Below Median

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OSTO:MOWI Mowi ASA OSTO:MOWI
87 GF Score
Price kr203.60
GF Value kr211.77
Valuation Fairly Valued
! 4 Warning Signs
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What is Mowi ASA Cyclically Adjusted PB Ratio?

Mowi ASA OSTO:MOWI +2.11% 87 Cyclically Adjusted PB Ratio is 2.71 as of Aug. 23, 2026, which is 29% below its 10-year median of 3.84. GuruFocus rates OSTO:MOWI with a GF Score™ of 87/100 and a GF Value™ of kr211.77 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,325 Consumer Packaged Goods companies, Mowi ASA ranks worse than 77.28% on this metric.

As of today (2026-08-23), Mowi ASA's current share price is kr203.60. Mowi ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr75.19. Mowi ASA's Cyclically Adjusted PB Ratio for today is 2.71.

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

OSTO:MOWI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 3.84   Max: 5.41
Current: 2.69

During the past years, Mowi ASA's highest Cyclically Adjusted PB Ratio was 5.41. The lowest was 1.66. And the median was 3.84.

OSTO:MOWI's Cyclically Adjusted PB Ratio is ranked worse than
77.28% of 1325 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs OSTO:MOWI: 2.69

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.

Mowi ASA's adjusted book value per share data for the three months ended in Jun. 2026 was kr88.162. 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 kr75.19 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mowi ASA  (OSTO:MOWI) 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.


Mowi ASA Cyclically Adjusted PB Ratio Related Terms


Mowi ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mowi 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.

Mowi ASA Cyclically Adjusted PB Ratio Chart

Mowi 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 4.13 2.96 2.92 2.90 3.36

Mowi 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 2.78 2.97 3.36 2.95 2.42

OSTO:MOWI vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Mowi 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.


Mowi ASA Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


OSTO:MOWI
87GF Score
Mowi ASA OSTO:MOWI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mowi 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=203.60/75.19
=2.71

* 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.

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

For example, Mowi 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)
=88.162/141.5800*141.5800
=88.162

Current CPI (Jun. 2026) = 141.5800.

Mowi ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 40.218 104.200 54.646
201612 41.504 104.400 56.285
201703 43.274 105.000 58.350
201706 49.081 105.800 65.679
201709 48.089 105.900 64.291
201712 46.474 106.100 62.015
201803 45.785 107.300 60.412
201806 46.517 108.500 60.699
201809 46.053 109.500 59.545
201812 54.717 109.800 70.554
201903 56.248 110.400 72.134
201906 55.879 110.600 71.531
201909 54.056 111.100 68.886
201912 56.079 111.300 71.336
202003 57.409 111.200 73.093
202006 55.154 112.100 69.658
202009 56.762 112.900 71.181
202012 56.577 112.900 70.949
202103 59.759 114.600 73.828
202106 61.234 115.300 75.191
202109 60.115 117.500 72.435
202112 61.406 118.900 73.119
202203 61.530 119.800 72.716
202206 70.436 122.600 81.340
202209 69.190 125.600 77.993
202212 70.991 125.900 79.832
202303 79.824 127.600 88.570
202306 78.290 130.400 85.002
202309 77.244 129.800 84.254
202312 79.941 131.900 85.808
202403 82.389 132.600 87.969
202406 81.256 133.800 85.981
202409 82.782 133.700 87.661
202412 87.229 134.800 91.616
202503 83.579 136.100 86.944
202506 81.454 137.800 83.688
202509 81.074 138.500 82.877
202512 98.107 139.100 99.856
202603 95.837 141.030 96.211
202606 88.162 141.580 88.162

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 2.71 mean?
Mowi ASA (OSTO:MOWI) has a Cyclically Adjusted PB Ratio of 2.71 as of Aug. 23, 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 Mowi ASA and its competitors. This is 29% below median its historical median of 3.84. Over the past decade, Mowi ASA's Cyclically Adjusted PB Ratio has ranged from 1.66 to 5.41. According to the industry distribution chart, Mowi ASA ranks #1024 out of 1325 companies in the Consumer Packaged Goods industry, placing it in the top 77.3%.
Is Mowi ASA's Cyclically Adjusted PB Ratio too high?
Mowi ASA's current Cyclically Adjusted PB Ratio of 2.71 is 29% below median its 10-year median of 3.84. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 5.41. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Mowi ASA's value of 2.71 is 115.1% above this industry median. Based on the distribution chart, Mowi ASA ranks #1024 out of 1325 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Mowi ASA has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mowi ASA's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Mowi ASA ranks #1024 out of 1325 companies for Cyclically Adjusted PB Ratio. This places Mowi ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Mowi ASA's value of 2.71 is 115.1% above this benchmark. Historically, Mowi ASA's own Cyclically Adjusted PB Ratio has ranged from 1.66 to 5.41 over the past decade. While the company's 10-year median is 3.84 vs. the industry median of 1.26, Mowi 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 1.26, based on 1,325 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. Mowi ASA's current Cyclically Adjusted PB Ratio of 2.71 is 115.1% 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 Mowi ASA and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mowi ASA's current Cyclically Adjusted PB Ratio is 2.71, which is 29% below median its own 10-year median of 3.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mowi ASA stock overvalued right now?
Based on GuruFocus' analysis, Mowi ASA (OSTO:MOWI) is currently considered Fairly Valued. The stock's GF Value™ is kr211.77, compared to a current price of kr203.60 — trading 3.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.71, which is 29% below median its 10-year median of 3.84 and 115.1% above the Consumer Packaged Goods industry median of 1.26. Mowi ASA's overall GF Score™ is 87/100 with 4 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 Mowi ASA (OSTO:MOWI), the current Cyclically Adjusted PB Ratio is 2.71 as of Aug. 23, 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 Mowi ASA (OSTO:MOWI) Overvalued in 2026?

Based on GuruFocus' analysis, Mowi ASA stock appears to be undervalued. The current stock price of kr203.60 is trading 3.9% below its estimated GF Value™ of kr211.77. GuruFocus considers Mowi ASA to be Fairly Valued.

Key valuation signals for OSTO:MOWI:

  • Cyclically Adjusted PB Ratio: 2.71 (29% below median its 10-year median of 3.84)
  • GF Value™: kr211.77 vs. price of kr203.60 (3.9% below fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 115.1% above the Consumer Packaged Goods median (#1024 of 1325)

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


Mowi ASA Business Description

Address Sandviksboder 77A/B, Bergen, NOR, 5035
Mowi ASA is a Norway-based producer of farmed salmon, distributing salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. It operates in three business segments: Feed, Farming, and Sales & Marketing. Fish feed production comprises its two feed plants in Norway and Scotland. Farming includes a single operating segment composed of farming operations in Norway, Scotland, Canada, Chile, Ireland, the Faroe Islands, and Iceland, and Sales and Marketing is composed of two operating segments: Markets and Consumer Products. A majority of the company's revenue is generated from the Sales and Marketing business. Geographically, it derives maximum revenue from Europe.
87GF Score

Get the complete analysis for OSTO:MOWI

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

kr203.60
Price
kr211.77
GF Value