SBRKF (SpareBank 1 Sor Norge ASA) Cyclically Adjusted PB Ratio: 1.90 (As of Aug. 18, 2026) — 44% Above Median

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SBRKF SpareBank 1 Sor Norge ASA SBRKF
66 GF Score
Price $23.77
GF Value $18.69
Valuation Significantly Overvalued
! 9 Warning Signs
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What is SpareBank 1 Sor Norge ASA Cyclically Adjusted PB Ratio?

SpareBank 1 Sor Norge ASA SBRKF +14.11% 66 Cyclically Adjusted PB Ratio is 1.90 as of Aug. 18, 2026, which is 44% above its 10-year median of 1.32. GuruFocus rates SBRKF with a GF Score™ of 66/100 and a GF Value™ of $18.69 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,284 Banks companies, SpareBank 1 Sor Norge ASA ranks worse than 71.96% on this metric.

As of today (2026-08-18), SpareBank 1 Sor Norge ASA's current share price is $23.77. SpareBank 1 Sor Norge ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $12.54. SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio for today is 1.90.

The historical rank and industry rank for SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio or its related term are showing as below:

SBRKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.32   Max: 1.78
Current: 1.78

During the past years, SpareBank 1 Sor Norge ASA's highest Cyclically Adjusted PB Ratio was 1.78. The lowest was 0.73. And the median was 1.32.

SBRKF's Cyclically Adjusted PB Ratio is ranked worse than
71.96% of 1284 companies
in the Banks industry
Industry Median: 1.3 vs SBRKF: 1.78

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.

SpareBank 1 Sor Norge ASA's adjusted book value per share data for the three months ended in Jun. 2026 was $15.021. 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 $12.54 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SpareBank 1 Sor Norge ASA  (OTCPK:SBRKF) 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.


SpareBank 1 Sor Norge ASA Cyclically Adjusted PB Ratio Related Terms


SpareBank 1 Sor Norge ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SpareBank 1 Sor Norge 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.

SpareBank 1 Sor Norge ASA Cyclically Adjusted PB Ratio Chart

SpareBank 1 Sor Norge 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 1.60 1.30 1.26 1.33 1.66

SpareBank 1 Sor Norge 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 1.60 1.51 1.66 1.72 1.55

SpareBank 1 Sor Norge ASA Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, SpareBank 1 Sor Norge 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.


SpareBank 1 Sor Norge ASA Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio falls into.


SBRKF
66GF Score
SpareBank 1 Sor Norge ASA SBRKF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SpareBank 1 Sor Norge 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.

SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.77/12.54
=1.90

* 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.

SpareBank 1 Sor Norge ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, SpareBank 1 Sor Norge 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)
=15.021/141.5800*141.5800
=15.021

Current CPI (Jun. 2026) = 141.5800.

SpareBank 1 Sor Norge ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.462 104.200 11.498
201612 8.356 104.400 11.332
201703 8.571 105.000 11.557
201706 8.666 105.800 11.597
201709 9.652 105.900 12.904
201712 9.357 106.100 12.486
201803 10.269 107.300 13.550
201806 9.601 108.500 12.528
201809 9.964 109.500 12.883
201812 9.787 109.800 12.620
201903 10.508 110.400 13.476
201906 10.464 110.600 13.395
201909 10.270 111.100 13.088
201912 10.764 111.300 13.692
202003 9.549 111.200 12.158
202006 10.338 112.100 13.057
202009 10.996 112.900 13.789
202012 11.851 112.900 14.862
202103 11.788 114.600 14.563
202106 12.266 115.300 15.062
202109 11.902 117.500 14.341
202112 11.835 118.900 14.093
202203 12.402 119.800 14.657
202206 10.888 122.600 12.574
202209 10.633 125.600 11.986
202212 11.355 125.900 12.769
202303 11.107 127.600 12.324
202306 10.773 130.400 11.697
202309 11.331 129.800 12.359
202312 12.040 131.900 12.924
202403 12.312 132.600 13.146
202406 12.166 133.800 12.873
202409 12.867 133.700 13.625
202412 12.498 134.800 13.127
202503 13.555 136.100 14.101
202506 13.893 137.800 14.274
202509 14.482 138.500 14.804
202512 14.647 139.100 14.908
202603 15.706 141.030 15.767
202606 15.021 141.580 15.021

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 1.90 mean?
SpareBank 1 Sor Norge ASA (SBRKF) has a Cyclically Adjusted PB Ratio of 1.90 as of Aug. 18, 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 SpareBank 1 Sor Norge ASA and its competitors. This is 44% above median its historical median of 1.32. Over the past decade, SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio has ranged from 0.73 to 1.78. According to the industry distribution chart, SpareBank 1 Sor Norge ASA ranks #924 out of 1284 companies in the Banks industry, placing it in the top 72%.
Is SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio too high?
SpareBank 1 Sor Norge ASA's current Cyclically Adjusted PB Ratio of 1.90 is 44% above median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 1.78. The Banks industry median Cyclically Adjusted PB Ratio is 1.30. SpareBank 1 Sor Norge ASA's value of 1.90 is 46.2% above this industry median. Based on the distribution chart, SpareBank 1 Sor Norge ASA ranks #924 out of 1284 companies in the Banks industry, which is below the industry midpoint. Overall, SpareBank 1 Sor Norge ASA has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SpareBank 1 Sor Norge ASA's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, SpareBank 1 Sor Norge ASA ranks #924 out of 1284 companies for Cyclically Adjusted PB Ratio. This places SpareBank 1 Sor Norge ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.30. SpareBank 1 Sor Norge ASA's value of 1.90 is 46.2% above this benchmark. Historically, SpareBank 1 Sor Norge ASA's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 1.78 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.30, SpareBank 1 Sor Norge 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.30, based on 1,284 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. SpareBank 1 Sor Norge ASA's current Cyclically Adjusted PB Ratio of 1.90 is 46.2% 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 SpareBank 1 Sor Norge ASA and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SpareBank 1 Sor Norge ASA's current Cyclically Adjusted PB Ratio is 1.90, which is 44% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SpareBank 1 Sor Norge ASA stock overvalued right now?
Based on GuruFocus' analysis, SpareBank 1 Sor Norge ASA (SBRKF) is currently considered Significantly Overvalued. The stock's GF Value™ is $18.69, compared to a current price of $23.77 — trading 27.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.90, which is 44% above median its 10-year median of 1.32 and 46.2% above the Banks industry median of 1.30. SpareBank 1 Sor Norge ASA's overall GF Score™ is 66/100 with 9 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 SpareBank 1 Sor Norge ASA (SBRKF), the current Cyclically Adjusted PB Ratio is 1.90 as of Aug. 18, 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 SpareBank 1 Sor Norge ASA (SBRKF) Overvalued in 2026?

Based on GuruFocus' analysis, SpareBank 1 Sor Norge ASA stock appears to be overvalued. The current stock price of $23.77 is trading 27.2% above its estimated GF Value™ of $18.69. GuruFocus considers SpareBank 1 Sor Norge ASA to be Significantly Overvalued.

Key valuation signals for SBRKF:

  • Cyclically Adjusted PB Ratio: 1.90 (44% above median its 10-year median of 1.32)
  • GF Value™: $18.69 vs. price of $23.77 (27.2% above fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 46.2% above the Banks median (#924 of 1284)

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


SpareBank 1 Sor Norge ASA Business Description

Address Christen Tranes Gate 35, Stavanger, NOR, 4007
SpareBank 1 Sor Norge ASA is a regional bank engaged in selling and procuring a wide range of financial products and services, including investment services, leasing, estate agency, and accounting services. The company's reportable segments are Retail market, which generates maximum revenue, Corporate market, SME and agriculture, and Other.
66GF Score

Get the complete analysis for SBRKF

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

$23.77
Price
$18.69
GF Value