SSHPF (Vow ASA) Cyclically Adjusted PB Ratio: 2.20 (As of Jul. 09, 2026) — 18% Above Median


SSHPF Vow ASA SSHPF
78 GF Score
Price $0.26
GF Value $0.33
! 5 Warning Signs
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What is Vow ASA Cyclically Adjusted PB Ratio?

Vow ASA SSHPF +0.23% 78 Cyclically Adjusted PB Ratio is 2.20 as of Jul. 09, 2026, which is 18% above its 10-year median of 1.87. GuruFocus rates SSHPF with a GF Score™ of 78/100 and a GF Value™ of $0.33. The stock has 5 warning signs investors should review. Among 2,295 Industrial Products companies, Vow ASA ranks better than 61.79% on this metric.

As of today (2026-07-09), Vow ASA's current share price is $0.2643. Vow ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.12. Vow ASA's Cyclically Adjusted PB Ratio for today is 2.20.

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

SSHPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.62   Med: 1.87   Max: 2.18
Current: 1.64

During the past years, Vow ASA's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 1.62. And the median was 1.87.

SSHPF's Cyclically Adjusted PB Ratio is ranked better than
61.79% of 2295 companies
in the Industrial Products industry
Industry Median: 2.29 vs SSHPF: 1.64

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.

Vow ASA's adjusted book value per share data for the three months ended in Mar. 2026 was $0.068. 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 $0.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vow ASA  (OTCPK:SSHPF) 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.


Vow ASA Cyclically Adjusted PB Ratio Related Terms


Vow ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vow 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.

Vow ASA Cyclically Adjusted PB Ratio Chart

Vow 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 0.00 0.00 0.00 0.00 2.13

Vow ASA Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 2.13 1.73

SSHPF vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Vow 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.


Vow ASA Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


SSHPF
78GF Score
Vow ASA SSHPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Vow 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.2643/0.12
=2.20

* 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.

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

For example, Vow ASA's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.068/141.0300*141.0300
=0.068

Current CPI (Mar. 2026) = 141.0300.

Vow ASA Quarterly Data

Book Value per Share CPI Adj_Book
201212 -0.048 94.700 -0.071
201303 0.000 95.400 0.000
201306 0.000 95.700 0.000
201309 0.000 96.400 0.000
201312 -0.035 96.600 -0.051
201403 -0.033 97.300 -0.048
201406 0.089 97.500 0.129
201409 0.064 98.500 0.092
201412 0.046 98.600 0.066
201503 0.046 99.200 0.065
201506 0.048 100.100 0.068
201509 0.044 100.600 0.062
201512 0.043 100.900 0.060
201603 0.044 102.500 0.061
201606 0.045 103.800 0.061
201609 0.046 104.200 0.062
201612 0.039 104.400 0.053
201706 0.045 105.800 0.060
201712 0.052 106.100 0.069
201806 0.071 108.500 0.092
201812 0.080 109.800 0.103
201906 0.086 110.600 0.110
201912 0.170 111.300 0.215
202006 0.182 112.100 0.229
202012 0.239 112.900 0.299
202106 0.396 115.300 0.484
202112 0.360 118.900 0.427
202206 0.337 122.600 0.388
202212 0.334 125.900 0.374
202306 0.327 130.400 0.354
202309 0.000 129.800 0.000
202312 0.232 131.900 0.248
202406 0.213 133.800 0.225
202409 0.209 133.700 0.220
202412 0.154 134.800 0.161
202503 0.000 136.100 0.000
202506 0.134 137.800 0.137
202509 0.115 138.500 0.117
202512 0.074 139.100 0.075
202603 0.068 141.030 0.068

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 2.20 mean?
Vow ASA (SSHPF) has a Cyclically Adjusted PB Ratio of 2.20 as of Jul. 09, 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 Vow ASA and its competitors. This is 18% above median its historical median of 1.87. Over the past decade, Vow ASA's Cyclically Adjusted PB Ratio has ranged from 1.62 to 2.18. According to the industry distribution chart, Vow ASA ranks #877 out of 2295 companies in the Industrial Products industry, placing it in the top 38.2%.
Is Vow ASA's Cyclically Adjusted PB Ratio too high?
Vow ASA's current Cyclically Adjusted PB Ratio of 2.20 is 18% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 2.18. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.29. Vow ASA's value of 2.20 is 3.9% below this industry median. Based on the distribution chart, Vow ASA ranks #877 out of 2295 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Vow ASA has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Vow ASA's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Vow ASA ranks #877 out of 2295 companies for Cyclically Adjusted PB Ratio. This puts Vow ASA in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.29. Vow ASA's value of 2.20 is 3.9% below this benchmark. Historically, Vow ASA's own Cyclically Adjusted PB Ratio has ranged from 1.62 to 2.18 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 2.29, Vow ASA has consistently been below 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.29, based on 2,295 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. Vow ASA's current Cyclically Adjusted PB Ratio of 2.20 is 3.9% below 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 Vow ASA and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vow ASA's current Cyclically Adjusted PB Ratio is 2.20, which is 18% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vow ASA stock overvalued right now?
Vow ASA (SSHPF) has a current Cyclically Adjusted PB Ratio of 2.20. The stock's GF Value™ is $0.33, compared to a current price of $0.26 — trading 19.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.20, which is 18% above median its 10-year median of 1.87 and 3.9% below the Industrial Products industry median of 2.29. Vow ASA's overall GF Score™ is 78/100 with 5 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 Vow ASA (SSHPF), the current Cyclically Adjusted PB Ratio is 2.20 as of Jul. 09, 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 Vow ASA (SSHPF) Overvalued in 2026?

Based on GuruFocus' analysis, Vow ASA stock appears to be undervalued. The current stock price of $0.26 is trading 19.9% below its estimated GF Value™ of $0.33.

Key valuation signals for SSHPF:

  • Cyclically Adjusted PB Ratio: 2.20 (18% above median its 10-year median of 1.87)
  • GF Value™: $0.33 vs. price of $0.26 (19.9% below fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 3.9% below the Industrial Products median (#877 of 2295)

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


Vow ASA Business Description

Address Wergelandsveien 7, Oslo, NOR, 0244
Vow ASA develops and delivers technology and solutions to bring an end to waste and help industries decarbonise. The solutions purify wastewater and convert biomass and waste into valuable resources, generating CO2-neutral energy and biocarbon that decarbonise industrial processes. The group is organised across three operating segments: Industrial Solutions, Maritime Solutions, and Aftersales. Maximum revenue is generated from the Maritime Solutions segment, which includes wastewater purification, garbage handling, food waste treatment, and sludge processing solutions for the cruise industry. Geographically, the company generates a majority of its revenue from Europe.
78GF Score

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

$0.26
Price
$0.33
GF Value