Borregaard ASA (STU:BO4) Cyclically Adjusted PB Ratio: 3.45 (As of Jul. 30, 2026) — 30% Below Median

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STU:BO4 Borregaard ASA STU:BO4
80 GF Score
Price €14.24
GF Value €17.00
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Borregaard ASA Cyclically Adjusted PB Ratio?

Borregaard ASA STU:BO4 +0.14% 80 Cyclically Adjusted PB Ratio is 3.45 as of Jul. 30, 2026, which is 30% below its 10-year median of 4.91. GuruFocus rates STU:BO4 with a GF Score™ of 80/100 and a GF Value™ of €17.00 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,258 Chemicals companies, Borregaard ASA ranks worse than 75.83% on this metric.

As of today (2026-07-30), Borregaard ASA's current share price is €14.24. Borregaard ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €4.13. Borregaard ASA's Cyclically Adjusted PB Ratio for today is 3.45.

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

STU:BO4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.06   Med: 4.91   Max: 8.21
Current: 3.41

During the past years, Borregaard ASA's highest Cyclically Adjusted PB Ratio was 8.21. The lowest was 3.06. And the median was 4.91.

STU:BO4's Cyclically Adjusted PB Ratio is ranked worse than
75.83% of 1258 companies
in the Chemicals industry
Industry Median: 1.64 vs STU:BO4: 3.41

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.

Borregaard ASA's adjusted book value per share data for the three months ended in Jun. 2026 was €5.081. 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 €4.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Borregaard ASA  (STU:BO4) 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.


Borregaard ASA Cyclically Adjusted PB Ratio Related Terms


Borregaard ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Borregaard 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.

Borregaard ASA Cyclically Adjusted PB Ratio Chart

Borregaard 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 7.41 4.57 4.64 4.55 4.50

Borregaard 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 4.68 4.47 4.50 3.82 3.20

STU:BO4 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Borregaard 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.


Borregaard ASA Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Borregaard ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:BO4
80GF Score
Borregaard ASA STU:BO4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Borregaard 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.24/4.13
=3.45

* 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.

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

For example, Borregaard 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)
=5.081/141.8500*141.8500
=5.081

Current CPI (Jun. 2026) = 141.8500.

Borregaard ASA Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.921 104.200 3.976
201612 2.977 104.400 4.045
201703 3.102 105.000 4.191
201706 2.793 105.800 3.745
201709 3.144 105.900 4.211
201712 2.949 106.100 3.943
201803 3.242 107.300 4.286
201806 3.158 108.500 4.129
201809 3.246 109.500 4.205
201812 3.197 109.800 4.130
201903 3.404 110.400 4.374
201906 3.282 110.600 4.209
201909 3.183 111.100 4.064
201912 3.309 111.300 4.217
202003 2.344 111.200 2.990
202006 2.737 112.100 3.463
202009 2.895 112.900 3.637
202012 3.476 112.900 4.367
202103 3.893 114.600 4.819
202106 3.835 115.300 4.718
202109 3.966 117.500 4.788
202112 4.178 118.900 4.984
202203 4.742 119.800 5.615
202206 3.793 122.600 4.389
202209 3.863 125.600 4.363
202212 4.217 125.900 4.751
202303 3.787 127.600 4.210
202306 3.499 130.400 3.806
202309 3.959 129.800 4.327
202312 4.239 131.900 4.559
202403 4.203 132.600 4.496
202406 4.305 133.800 4.564
202409 4.340 133.700 4.605
202412 4.310 134.800 4.535
202503 4.980 136.100 5.190
202506 4.881 137.800 5.024
202509 5.079 138.500 5.202
202512 4.959 139.100 5.057
202603 5.652 141.030 5.685
202606 5.081 141.850 5.081

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 3.45 mean?
Borregaard ASA (STU:BO4) has a Cyclically Adjusted PB Ratio of 3.45 as of Jul. 30, 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 Borregaard ASA and its competitors. This is 30% below median its historical median of 4.91. Over the past decade, Borregaard ASA's Cyclically Adjusted PB Ratio has ranged from 3.06 to 8.21. According to the industry distribution chart, Borregaard ASA ranks #954 out of 1258 companies in the Chemicals industry, placing it in the top 75.8%.
Is Borregaard ASA's Cyclically Adjusted PB Ratio too high?
Borregaard ASA's current Cyclically Adjusted PB Ratio of 3.45 is 30% below median its 10-year median of 4.91. Over the past 10 years, this metric has ranged from a low of 3.06 to a high of 8.21. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.64. Borregaard ASA's value of 3.45 is 110.4% above this industry median. Based on the distribution chart, Borregaard ASA ranks #954 out of 1258 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Borregaard ASA has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borregaard ASA's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Borregaard ASA ranks #954 out of 1258 companies for Cyclically Adjusted PB Ratio. This places Borregaard ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. Borregaard ASA's value of 3.45 is 110.4% above this benchmark. Historically, Borregaard ASA's own Cyclically Adjusted PB Ratio has ranged from 3.06 to 8.21 over the past decade. While the company's 10-year median is 4.91 vs. the industry median of 1.64, Borregaard 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.64, based on 1,258 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. Borregaard ASA's current Cyclically Adjusted PB Ratio of 3.45 is 110.4% 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 Borregaard ASA and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borregaard ASA's current Cyclically Adjusted PB Ratio is 3.45, which is 30% below median its own 10-year median of 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borregaard ASA stock overvalued right now?
Based on GuruFocus' analysis, Borregaard ASA (STU:BO4) is currently considered Modestly Undervalued. The stock's GF Value™ is €17.00, compared to a current price of €14.24 — trading 16.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.45, which is 30% below median its 10-year median of 4.91 and 110.4% above the Chemicals industry median of 1.64. Borregaard ASA's overall GF Score™ is 80/100 with 4 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 Borregaard ASA (STU:BO4), the current Cyclically Adjusted PB Ratio is 3.45 as of Jul. 30, 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 Borregaard ASA (STU:BO4) Overvalued in 2026?

Based on GuruFocus' analysis, Borregaard ASA stock appears to be undervalued. The current stock price of €14.24 is trading 16.2% below its estimated GF Value™ of €17.00. GuruFocus considers Borregaard ASA to be Modestly Undervalued.

Key valuation signals for STU:BO4:

  • Cyclically Adjusted PB Ratio: 3.45 (30% below median its 10-year median of 4.91)
  • GF Value™: €17.00 vs. price of €14.24 (16.2% below fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 110.4% above the Chemicals median (#954 of 1258)

No single metric tells the full story. See the STU:BO4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Borregaard ASA Business Description

Address Hjalmar Wessels vei 6, P.O Box 162, Sarpsborg, NOR, 1701
Borregaard ASA makes and sells biochemicals and biomaterials designed to replace oil-based products. The company has three operating segments; BioSolutions segment develops, produces and sells biopolymers and bio vanillin from lignin used in Industries such as agrochemicals, batteries, industrial binders and construction. Bio vanillin is supplied to flavour and fragrance companies, as well as to the food and beverage industry, Biomaterials segment develops, produces and sells speciality cellulose mainly for use as a raw material in the production of cellulose ethers, cellulose acetate and other speciality products. It also includes cellulose fibrils for industrial applications, and the Fine Chemicals segment consists of fine chemical intermediates for contrast agents and bioethanol.
80GF Score

Get the complete analysis for STU:BO4

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

€14.24
Price
€17.00
GF Value