AKVA Group ASA (STU:3QI) Cyclically Adjusted PB Ratio: 4.08 (As of Aug. 24, 2026) — 18% Above Median

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STU:3QI AKVA Group ASA STU:3QI
69 GF Score
Price €12.50
GF Value €7.87
Valuation Significantly Overvalued
! 8 Warning Signs
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What is AKVA Group ASA Cyclically Adjusted PB Ratio?

AKVA Group ASA STU:3QI -0.79% 69 Cyclically Adjusted PB Ratio is 4.08 as of Aug. 24, 2026, which is 18% above its 10-year median of 3.46. GuruFocus rates STU:3QI with a GF Score™ of 69/100 and a GF Value™ of €7.87 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 160 Farm & Heavy Construction Machinery companies, AKVA Group ASA ranks worse than 83.75% on this metric.

As of today (2026-08-24), AKVA Group ASA's current share price is €12.50. AKVA Group ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €3.06. AKVA Group ASA's Cyclically Adjusted PB Ratio for today is 4.08.

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

STU:3QI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.76   Med: 3.46   Max: 5.51
Current: 3.9

During the past years, AKVA Group ASA's highest Cyclically Adjusted PB Ratio was 5.51. The lowest was 1.76. And the median was 3.46.

STU:3QI's Cyclically Adjusted PB Ratio is ranked worse than
83.75% of 160 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.505 vs STU:3QI: 3.90

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.

AKVA Group ASA's adjusted book value per share data for the three months ended in Jun. 2026 was €3.552. 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 €3.06 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AKVA Group ASA  (STU:3QI) 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.


AKVA Group ASA Cyclically Adjusted PB Ratio Related Terms


AKVA Group ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AKVA Group 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.

AKVA Group ASA Cyclically Adjusted PB Ratio Chart

AKVA Group 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 3.74 2.14 1.97 2.16 2.61

AKVA Group 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 2.49 2.81 2.61 3.05 3.65

STU:3QI vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, AKVA Group 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.


AKVA Group ASA Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, AKVA Group ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:3QI
69GF Score
AKVA Group ASA STU:3QI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AKVA Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.50/3.06
=4.08

* 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.

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

For example, AKVA Group 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)
=3.552/141.5800*141.5800
=3.552

Current CPI (Jun. 2026) = 141.5800.

AKVA Group ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.796 104.200 2.440
201612 1.863 104.400 2.526
201703 1.894 105.000 2.554
201706 1.923 105.800 2.573
201709 1.971 105.900 2.635
201712 1.970 106.100 2.629
201803 1.982 107.300 2.615
201806 2.037 108.500 2.658
201809 3.171 109.500 4.100
201812 3.251 109.800 4.192
201903 3.254 110.400 4.173
201906 3.280 110.600 4.199
201909 3.303 111.100 4.209
201912 2.979 111.300 3.789
202003 2.755 111.200 3.508
202006 2.889 112.100 3.649
202009 2.992 112.900 3.752
202012 2.984 112.900 3.742
202103 2.980 114.600 3.682
202106 2.945 115.300 3.616
202109 2.928 117.500 3.528
202112 3.518 118.900 4.189
202203 3.682 119.800 4.351
202206 3.389 122.600 3.914
202209 3.183 125.600 3.588
202212 3.005 125.900 3.379
202303 2.919 127.600 3.239
202306 2.869 130.400 3.115
202309 2.820 129.800 3.076
202312 2.725 131.900 2.925
202403 2.743 132.600 2.929
202406 2.782 133.800 2.944
202409 3.018 133.700 3.196
202412 3.061 134.800 3.215
202503 3.125 136.100 3.251
202506 3.137 137.800 3.223
202509 3.214 138.500 3.285
202512 3.199 139.100 3.256
202603 3.406 141.030 3.419
202606 3.552 141.580 3.552

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 4.08 mean?
AKVA Group ASA (STU:3QI) has a Cyclically Adjusted PB Ratio of 4.08 as of Aug. 24, 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 AKVA Group ASA and its competitors. This is 18% above median its historical median of 3.46. Over the past decade, AKVA Group ASA's Cyclically Adjusted PB Ratio has ranged from 1.76 to 5.51. According to the industry distribution chart, AKVA Group ASA ranks #134 out of 160 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 83.7%.
Is AKVA Group ASA's Cyclically Adjusted PB Ratio too high?
AKVA Group ASA's current Cyclically Adjusted PB Ratio of 4.08 is 18% above median its 10-year median of 3.46. Over the past 10 years, this metric has ranged from a low of 1.76 to a high of 5.51. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.51. AKVA Group ASA's value of 4.08 is 171.1% above this industry median. Based on the distribution chart, AKVA Group ASA ranks #134 out of 160 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, AKVA Group ASA has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AKVA Group ASA's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, AKVA Group ASA ranks #134 out of 160 companies for Cyclically Adjusted PB Ratio. This places AKVA Group ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. AKVA Group ASA's value of 4.08 is 171.1% above this benchmark. Historically, AKVA Group ASA's own Cyclically Adjusted PB Ratio has ranged from 1.76 to 5.51 over the past decade. While the company's 10-year median is 3.46 vs. the industry median of 1.51, AKVA Group 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.51, based on 160 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. AKVA Group ASA's current Cyclically Adjusted PB Ratio of 4.08 is 171.1% 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 AKVA Group ASA and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AKVA Group ASA's current Cyclically Adjusted PB Ratio is 4.08, which is 18% above median its own 10-year median of 3.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AKVA Group ASA stock overvalued right now?
Based on GuruFocus' analysis, AKVA Group ASA (STU:3QI) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.87, compared to a current price of €12.50 — trading 58.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.08, which is 18% above median its 10-year median of 3.46 and 171.1% above the Farm & Heavy Construction Machinery industry median of 1.51. AKVA Group ASA's overall GF Score™ is 69/100 with 8 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 AKVA Group ASA (STU:3QI), the current Cyclically Adjusted PB Ratio is 4.08 as of Aug. 24, 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 AKVA Group ASA (STU:3QI) Overvalued in 2026?

Based on GuruFocus' analysis, AKVA Group ASA stock appears to be overvalued. The current stock price of €12.50 is trading 58.8% above its estimated GF Value™ of €7.87. GuruFocus considers AKVA Group ASA to be Significantly Overvalued.

Key valuation signals for STU:3QI:

  • Cyclically Adjusted PB Ratio: 4.08 (18% above median its 10-year median of 3.46)
  • GF Value™: €7.87 vs. price of €12.50 (58.8% above fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 171.1% above the Farm & Heavy Construction Machinery median (#134 of 160)

No single metric tells the full story. See the STU:3QI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AKVA Group ASA Business Description

Address Svanavagveien 30, Egersund, NOR, N-4374
AKVA Group ASA is a technology and service partner in the aquaculture industry. The company has three operating segments; Sea-Based Technology includes products like feed barges, fish farming cages, feed systems, nets, sensors, cameras, light systems, net cleaning systems, and remotely operating vehicles, Land Based Technology includes Recirculation technology that allows re-use of the water by cleaning the water and restoring important water quality parameters, using water treatment technology, and Digital includes products like FishtalkTM, AKVAconnect, and Observe. The FishtalkTM software includes brands such as Production control, planning, traceability, and ERP software for both the aquaculture and the fishing industry.
69GF Score

Get the complete analysis for STU:3QI

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

€12.50
Price
€7.87
GF Value