Vow ASA (STU:213) Cyclically Adjusted PB Ratio: 1.64 (As of Aug. 08, 2026) — 10% Below Median

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STU:213 Vow ASA STU:213
55 GF Score
Price €0.20
GF Value €0.24
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Vow ASA Cyclically Adjusted PB Ratio?

Vow ASA STU:213 -0.61% 55 Cyclically Adjusted PB Ratio is 1.64 as of Aug. 08, 2026, which is 10% below its 10-year median of 1.83. GuruFocus rates STU:213 with a GF Score™ of 55/100 and a GF Value™ of €0.24 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,252 Industrial Products companies, Vow ASA ranks better than 59.77% on this metric.

As of today (2026-08-08), Vow ASA's current share price is €0.1964. 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 1.64.

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

STU:213' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.59   Med: 1.83   Max: 2.18
Current: 1.59

During the past years, Vow ASA's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 1.59. And the median was 1.83.

STU:213's Cyclically Adjusted PB Ratio is ranked better than
59.77% of 2252 companies
in the Industrial Products industry
Industry Median: 2.07 vs STU:213: 1.59

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 €0.059. 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  (STU:213) 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

STU:213 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.


STU:213
55GF Score
Vow ASA STU:213
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=0.1964/0.12
=1.64

* 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)
=0.059/141.0300*141.0300
=0.059

Current CPI (Mar. 2026) = 141.0300.

Vow ASA Quarterly Data

Book Value per Share CPI Adj_Book
201212 -0.037 94.700 -0.055
201303 0.000 95.400 0.000
201306 0.000 95.700 0.000
201309 0.000 96.400 0.000
201312 -0.026 96.600 -0.038
201403 -0.024 97.300 -0.035
201406 0.065 97.500 0.094
201409 0.050 98.500 0.072
201412 0.037 98.600 0.053
201503 0.043 99.200 0.061
201506 0.043 100.100 0.061
201509 0.039 100.600 0.055
201512 0.039 100.900 0.055
201603 0.040 102.500 0.055
201606 0.040 103.800 0.054
201609 0.041 104.200 0.055
201612 0.037 104.400 0.050
201706 0.040 105.800 0.053
201712 0.044 106.100 0.058
201806 0.061 108.500 0.079
201812 0.071 109.800 0.091
201906 0.076 110.600 0.097
201912 0.153 111.300 0.194
202006 0.161 112.100 0.203
202012 0.196 112.900 0.245
202106 0.328 115.300 0.401
202112 0.319 118.900 0.378
202206 0.319 122.600 0.367
202212 0.316 125.900 0.354
202306 0.302 130.400 0.327
202309 0.000 129.800 0.000
202312 0.213 131.900 0.228
202406 0.198 133.800 0.209
202409 0.188 133.700 0.198
202412 0.147 134.800 0.154
202503 0.000 136.100 0.000
202506 0.116 137.800 0.119
202509 0.098 138.500 0.100
202512 0.063 139.100 0.064
202603 0.059 141.030 0.059

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 1.64 mean?
Vow ASA (STU:213) has a Cyclically Adjusted PB Ratio of 1.64 as of Aug. 08, 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 10% below median its historical median of 1.83. Over the past decade, Vow ASA's Cyclically Adjusted PB Ratio has ranged from 1.59 to 2.18. According to the industry distribution chart, Vow ASA ranks #906 out of 2252 companies in the Industrial Products industry, placing it in the top 40.2%.
Is Vow ASA's Cyclically Adjusted PB Ratio too high?
Vow ASA's current Cyclically Adjusted PB Ratio of 1.64 is 10% below median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 2.18. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Vow ASA's value of 1.64 is 20.8% below this industry median. Based on the distribution chart, Vow ASA ranks #906 out of 2252 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Vow ASA has a GF Score™ of 55/100 and is considered Modestly Undervalued, 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 #906 out of 2252 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 2.07. Vow ASA's value of 1.64 is 20.8% below this benchmark. Historically, Vow ASA's own Cyclically Adjusted PB Ratio has ranged from 1.59 to 2.18 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 2.07, 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 2.07, based on 2,252 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 1.64 is 20.8% 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 2.07 — 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 1.64, which is 10% below median its own 10-year median of 1.83. 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?
Based on GuruFocus' analysis, Vow ASA (STU:213) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.24, compared to a current price of €0.20 — trading 18.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.64, which is 10% below median its 10-year median of 1.83 and 20.8% below the Industrial Products industry median of 2.07. Vow ASA's overall GF Score™ is 55/100 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 (STU:213), the current Cyclically Adjusted PB Ratio is 1.64 as of Aug. 08, 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 (STU:213) Overvalued in 2026?

Based on GuruFocus' analysis, Vow ASA stock appears to be undervalued. The current stock price of €0.20 is trading 18.2% below its estimated GF Value™ of €0.24. GuruFocus considers Vow ASA to be Modestly Undervalued.

Key valuation signals for STU:213:

  • Cyclically Adjusted PB Ratio: 1.64 (10% below median its 10-year median of 1.83)
  • GF Value™: €0.24 vs. price of €0.20 (18.2% below fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 20.8% below the Industrial Products median (#906 of 2252)

No single metric tells the full story. See the STU:213 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.
55GF Score

Get the complete analysis for STU:213

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

€0.20
Price
€0.24
GF Value