ABG Sundal Collier Holding ASA (STU:DAB) Cyclically Adjusted PB Ratio: 2.97 (As of Sep. 17, 2026) — 22% Above Median

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STU:DAB ABG Sundal Collier Holding ASA STU:DAB
56 GF Score
Price €0.65
GF Value €0.71
Valuation Fairly Valued
! 4 Warning Signs
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What is ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio?

ABG Sundal Collier Holding ASA STU:DAB +0.15% 56 Cyclically Adjusted PB Ratio is 2.97 as of Sep. 17, 2026, which is 22% above its 10-year median of 2.43. GuruFocus rates STU:DAB with a GF Score™ of 56/100 and a GF Value™ of €0.71 (Fairly Valued). The stock has 4 warning signs investors should review. Among 435 Capital Markets companies, ABG Sundal Collier Holding ASA ranks worse than 74.48% on this metric.

As of today (2026-09-17), ABG Sundal Collier Holding ASA's current share price is €0.654. ABG Sundal Collier Holding ASA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.22. ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio for today is 2.97.

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

STU:DAB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.14   Med: 2.43   Max: 4.23
Current: 3.28

During the past years, ABG Sundal Collier Holding ASA's highest Cyclically Adjusted PB Ratio was 4.23. The lowest was 1.14. And the median was 2.43.

STU:DAB's Cyclically Adjusted PB Ratio is ranked worse than
74.48% of 435 companies
in the Capital Markets industry
Industry Median: 1.42 vs STU:DAB: 3.28

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.

ABG Sundal Collier Holding ASA's adjusted book value per share data for the three months ended in Jun. 2026 was €0.172. 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 €0.22 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ABG Sundal Collier Holding ASA  (STU:DAB) 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.


ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio Related Terms


ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ABG Sundal Collier Holding 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.

ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio Chart

ABG Sundal Collier Holding ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 3.33 1.96 2.30 2.39

ABG Sundal Collier Holding ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 2.72 2.50 2.58 3.09 2.76

STU:DAB vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, ABG Sundal Collier Holding 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.


ABG Sundal Collier Holding ASA Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio falls into.


STU:DAB
56GF Score
ABG Sundal Collier Holding ASA STU:DAB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ABG Sundal Collier Holding 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.

ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.654/0.22
=2.97

* 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.

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

For example, ABG Sundal Collier Holding 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)
=0.172/141.6200*141.6200
=0.172

Current CPI (Jun. 2026) = 141.6200.

ABG Sundal Collier Holding ASA Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.180 103.800 0.246
201609 0.191 104.200 0.260
201612 0.209 104.400 0.284
201703 0.212 105.000 0.286
201706 0.165 105.800 0.221
201709 0.189 105.900 0.253
201712 0.202 106.100 0.270
201803 0.200 107.300 0.264
201806 0.164 108.500 0.214
201809 0.169 109.500 0.219
201812 0.154 109.800 0.199
201903 0.160 110.400 0.205
201906 0.149 110.600 0.191
201909 0.156 111.100 0.199
201912 0.167 111.300 0.212
202003 0.146 111.200 0.186
202006 0.148 112.100 0.187
202009 0.161 112.900 0.202
202012 0.212 112.900 0.266
202103 0.263 114.600 0.325
202106 0.200 115.300 0.246
202109 0.230 117.500 0.277
202112 0.273 118.900 0.325
202203 0.292 119.800 0.345
202206 0.186 122.600 0.215
202209 0.184 125.600 0.207
202212 0.204 125.900 0.229
202303 0.186 127.600 0.206
202306 0.150 130.400 0.163
202309 0.158 129.800 0.172
202312 0.177 131.900 0.190
202403 0.174 132.600 0.186
202406 0.149 133.800 0.158
202409 0.153 133.700 0.162
202412 0.172 134.800 0.181
202503 0.178 136.100 0.185
202506 0.143 137.800 0.147
202509 0.157 138.500 0.161
202603 0.196 141.060 0.197
202606 0.172 141.620 0.172

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 2.97 mean?
ABG Sundal Collier Holding ASA (STU:DAB) has a Cyclically Adjusted PB Ratio of 2.97 as of Sep. 17, 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 ABG Sundal Collier Holding ASA and its competitors. This is 22% above median its historical median of 2.43. Over the past decade, ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio has ranged from 1.14 to 4.23. According to the industry distribution chart, ABG Sundal Collier Holding ASA ranks #324 out of 435 companies in the Capital Markets industry, placing it in the top 74.5%.
Is ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio too high?
ABG Sundal Collier Holding ASA's current Cyclically Adjusted PB Ratio of 2.97 is 22% above median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 4.23. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.42. ABG Sundal Collier Holding ASA's value of 2.97 is 109.2% above this industry median. Based on the distribution chart, ABG Sundal Collier Holding ASA ranks #324 out of 435 companies in the Capital Markets industry, which is below the industry midpoint. Overall, ABG Sundal Collier Holding ASA has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ABG Sundal Collier Holding ASA's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, ABG Sundal Collier Holding ASA ranks #324 out of 435 companies for Cyclically Adjusted PB Ratio. This places ABG Sundal Collier Holding ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. ABG Sundal Collier Holding ASA's value of 2.97 is 109.2% above this benchmark. Historically, ABG Sundal Collier Holding ASA's own Cyclically Adjusted PB Ratio has ranged from 1.14 to 4.23 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 1.42, ABG Sundal Collier Holding 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.42, based on 435 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. ABG Sundal Collier Holding ASA's current Cyclically Adjusted PB Ratio of 2.97 is 109.2% 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 ABG Sundal Collier Holding ASA and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ABG Sundal Collier Holding ASA's current Cyclically Adjusted PB Ratio is 2.97, which is 22% above median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ABG Sundal Collier Holding ASA stock overvalued right now?
Based on GuruFocus' analysis, ABG Sundal Collier Holding ASA (STU:DAB) is currently considered Fairly Valued. The stock's GF Value™ is €0.71, compared to a current price of €0.65 — trading 7.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.97, which is 22% above median its 10-year median of 2.43 and 109.2% above the Capital Markets industry median of 1.42. ABG Sundal Collier Holding ASA's overall GF Score™ is 56/100 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 ABG Sundal Collier Holding ASA (STU:DAB), the current Cyclically Adjusted PB Ratio is 2.97 as of Sep. 17, 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 ABG Sundal Collier Holding ASA (STU:DAB) Overvalued in 2026?

Based on GuruFocus' analysis, ABG Sundal Collier Holding ASA stock appears to be undervalued. The current stock price of €0.65 is trading 7.9% below its estimated GF Value™ of €0.71. GuruFocus considers ABG Sundal Collier Holding ASA to be Fairly Valued.

Key valuation signals for STU:DAB:

  • Cyclically Adjusted PB Ratio: 2.97 (22% above median its 10-year median of 2.43)
  • GF Value™: €0.71 vs. price of €0.65 (7.9% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 109.2% above the Capital Markets median (#324 of 435)

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


ABG Sundal Collier Holding ASA Business Description

Address Ruselokkveien 26, 8th floor, Oslo, NOR, 0251
ABG Sundal Collier Holding ASA is a Nordic investment bank specializing in equity research, brokerage, corporate finance, and advisory services for institutional investors and Nordic businesses. The company has one operating segment, Investment banking and capital markets. Geographically, the company has operations in Norway, Sweden, Denmark, and International, and the majority of revenue is generated from Norway.
56GF Score

Get the complete analysis for STU:DAB

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

€0.65
Price
€0.71
GF Value