RKWAF (Rockwool AS) Cyclically Adjusted PB Ratio: (As of Aug. 19, 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.

RKWAF Rockwool AS RKWAF
85 GF Score
Price $34.70
GF Value $34.64
! 4 Warning Signs
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What is Rockwool AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rockwool AS  (OTCPK:RKWAF) 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.


Rockwool AS Cyclically Adjusted PB Ratio Related Terms


Rockwool AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rockwool AS'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.

Rockwool AS Cyclically Adjusted PB Ratio Chart

Rockwool AS 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 4.10 2.40 2.72 3.21 2.62

Rockwool AS 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 3.57 2.79 2.62 2.17 0.00

RKWAF vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Rockwool AS'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.


Rockwool AS Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Rockwool AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


RKWAF
85GF Score
Rockwool AS RKWAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Rockwool AS 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.

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

For example, Rockwool AS'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)
=13.929/122.9700*122.9700
=13.929

Current CPI (Jun. 2026) = 122.9700.

Rockwool AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.606 100.200 9.334
201612 7.448 100.300 9.131
201703 7.775 101.200 9.448
201706 7.919 101.200 9.623
201709 8.589 101.800 10.375
201712 9.117 101.300 11.067
201803 9.733 101.700 11.769
201806 9.275 102.300 11.149
201809 9.684 102.400 11.629
201812 9.730 102.100 11.719
201903 10.134 102.900 12.111
201906 10.087 102.900 12.054
201909 10.323 102.900 12.336
201912 10.725 102.900 12.817
202003 10.572 103.300 12.585
202006 10.503 103.200 12.515
202009 11.057 103.500 13.137
202012 11.776 103.400 14.005
202103 12.041 104.300 14.196
202106 12.175 105.000 14.259
202109 12.395 105.800 14.407
202112 12.544 106.600 14.470
202203 12.538 109.900 14.029
202206 12.613 113.600 13.653
202209 12.066 116.400 12.747
202212 12.669 115.900 13.442
202303 12.983 117.300 13.611
202306 13.103 116.400 13.843
202309 13.347 117.400 13.980
202312 14.176 116.700 14.938
202403 14.596 118.400 15.159
202406 14.598 118.500 15.149
202409 15.478 118.900 16.008
202412 15.281 118.900 15.804
202503 16.442 120.200 16.821
202506 16.682 120.700 16.996
202509 17.299 121.600 17.494
202512 15.502 121.200 15.728
202603 15.815 121.680 15.983
202606 13.929 122.970 13.929

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 Rockwool AS (RKWAF) Overvalued in 2026?

Based on GuruFocus' analysis, Rockwool AS stock appears to be overvalued. The current stock price of $34.70 is trading 0.2% above its estimated GF Value™ of $34.64.

Key valuation signals for RKWAF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $34.64 vs. price of $34.70 (0.2% above fair value)
  • GF Score™: 85/100 with 4 warning signs

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


Rockwool AS Business Description

Address Hovedgaden 584, Hedehusene, DNK, 2640
Rockwool AS manufactures and sells building materials, including insulation and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of revenue is from the Insulation Segment. The majority of sales come from Europe.
85GF Score

Get the complete analysis for RKWAF

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

$34.70
Price
$34.64
GF Value