WLHSF (Wilh. Wilhelmsen Holding ASA) Cyclically Adjusted PB Ratio: 2.86 (As of Jul. 23, 2026) — 314% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WLHSF Wilh. Wilhelmsen Holding ASA WLHSF
73 GF Score
Price $69.71
GF Value $20.37
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio?

Wilh. Wilhelmsen Holding ASA WLHSF 73 Cyclically Adjusted PB Ratio is 2.86 as of Jul. 23, 2026, which is 314% above its 10-year median of 0.69. GuruFocus rates WLHSF with a GF Score™ of 73/100 and a GF Value™ of $20.37 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 737 Transportation companies, Wilh. Wilhelmsen Holding ASA ranks worse than 52.37% on this metric.

As of today (2026-07-23), Wilh. Wilhelmsen Holding ASA's current share price is $69.71. Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $24.36. Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio for today is 2.86.

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

WLHSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.69   Max: 1.46
Current: 1.33

During the past years, Wilh. Wilhelmsen Holding ASA's highest Cyclically Adjusted PB Ratio was 1.46. The lowest was 0.31. And the median was 0.69.

WLHSF's Cyclically Adjusted PB Ratio is ranked worse than
52.37% of 737 companies
in the Transportation industry
Industry Median: 1.25 vs WLHSF: 1.33

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.

Wilh. Wilhelmsen Holding ASA's adjusted book value per share data for the three months ended in Mar. 2026 was $80.394. 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 $24.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wilh. Wilhelmsen Holding ASA  (OTCPK:WLHSF) 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.


Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio Related Terms


Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Wilh. Wilhelmsen 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.

Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio Chart

Wilh. Wilhelmsen Holding 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 0.58 0.69 0.82 0.85 1.12

Wilh. Wilhelmsen Holding ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.78 0.86 0.98 1.12 1.33

Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, Wilh. Wilhelmsen 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.


Wilh. Wilhelmsen Holding ASA Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WLHSF
73GF Score
Wilh. Wilhelmsen Holding ASA WLHSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wilh. Wilhelmsen 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.

Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=69.71/24.36
=2.86

* 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.

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

For example, Wilh. Wilhelmsen Holding 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)
=80.394/141.0300*141.0300
=80.394

Current CPI (Mar. 2026) = 141.0300.

Wilh. Wilhelmsen Holding ASA Quarterly Data

Book Value per Share CPI Adj_Book
201606 40.621 103.800 55.191
201609 42.238 104.200 57.167
201612 42.884 104.400 57.930
201703 43.854 105.000 58.902
201706 42.130 105.800 56.159
201709 42.367 105.900 56.421
201712 42.561 106.100 56.573
201803 45.362 107.300 59.622
201806 39.760 108.500 51.681
201809 41.160 109.500 53.012
201812 39.141 109.800 50.274
201903 39.932 110.400 51.011
201906 41.721 110.600 53.200
201909 41.700 111.100 52.934
201912 42.058 111.300 53.292
202003 33.109 111.200 41.991
202006 35.285 112.100 44.391
202009 38.919 112.900 48.616
202012 45.043 112.900 56.266
202103 45.222 114.600 55.651
202106 46.568 115.300 56.960
202109 44.145 117.500 52.985
202112 45.065 118.900 53.453
202203 48.228 119.800 56.775
202206 45.626 122.600 52.485
202209 44.145 125.600 49.568
202212 51.099 125.900 57.240
202303 50.628 127.600 55.957
202306 55.251 130.400 59.755
202309 58.198 129.800 63.233
202312 52.767 131.900 56.419
202403 61.886 132.600 65.820
202406 57.160 133.800 60.249
202409 61.592 133.700 64.969
202412 60.152 134.800 62.932
202503 65.445 136.100 67.816
202506 72.738 137.800 74.443
202509 76.199 138.500 77.591
202512 77.748 139.100 78.827
202603 80.394 141.030 80.394

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 2.86 mean?
Wilh. Wilhelmsen Holding ASA (WLHSF) has a Cyclically Adjusted PB Ratio of 2.86 as of Jul. 23, 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 Wilh. Wilhelmsen Holding ASA and its competitors. This is 314% above median its historical median of 0.69. Over the past decade, Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio has ranged from 0.31 to 1.46. According to the industry distribution chart, Wilh. Wilhelmsen Holding ASA ranks #386 out of 737 companies in the Transportation industry, placing it in the top 52.4%.
Is Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio too high?
Wilh. Wilhelmsen Holding ASA's current Cyclically Adjusted PB Ratio of 2.86 is 314% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.46. The Transportation industry median Cyclically Adjusted PB Ratio is 1.25. Wilh. Wilhelmsen Holding ASA's value of 2.86 is 128.8% above this industry median. Based on the distribution chart, Wilh. Wilhelmsen Holding ASA ranks #386 out of 737 companies in the Transportation industry, which is below the industry midpoint. Overall, Wilh. Wilhelmsen Holding ASA has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wilh. Wilhelmsen Holding ASA's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Wilh. Wilhelmsen Holding ASA ranks #386 out of 737 companies for Cyclically Adjusted PB Ratio. This places Wilh. Wilhelmsen Holding ASA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Wilh. Wilhelmsen Holding ASA's value of 2.86 is 128.8% above this benchmark. Historically, Wilh. Wilhelmsen Holding ASA's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 1.46 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.25, Wilh. Wilhelmsen 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.25, based on 737 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. Wilh. Wilhelmsen Holding ASA's current Cyclically Adjusted PB Ratio of 2.86 is 128.8% 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 Wilh. Wilhelmsen Holding ASA and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wilh. Wilhelmsen Holding ASA's current Cyclically Adjusted PB Ratio is 2.86, which is 314% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wilh. Wilhelmsen Holding ASA stock overvalued right now?
Based on GuruFocus' analysis, Wilh. Wilhelmsen Holding ASA (WLHSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.37, compared to a current price of $69.71 — trading 242.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.86, which is 314% above median its 10-year median of 0.69 and 128.8% above the Transportation industry median of 1.25. Wilh. Wilhelmsen Holding ASA's overall GF Score™ is 73/100 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 Wilh. Wilhelmsen Holding ASA (WLHSF), the current Cyclically Adjusted PB Ratio is 2.86 as of Jul. 23, 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 Wilh. Wilhelmsen Holding ASA (WLHSF) Overvalued in 2026?

Based on GuruFocus' analysis, Wilh. Wilhelmsen Holding ASA stock appears to be overvalued. The current stock price of $69.71 is trading 242.2% above its estimated GF Value™ of $20.37. GuruFocus considers Wilh. Wilhelmsen Holding ASA to be Significantly Overvalued.

Key valuation signals for WLHSF:

  • Cyclically Adjusted PB Ratio: 2.86 (314% above median its 10-year median of 0.69)
  • GF Value™: $20.37 vs. price of $69.71 (242.2% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 128.8% above the Transportation median (#386 of 737)

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


Wilh. Wilhelmsen Holding ASA Business Description

Address Strandveien 20, Lysaker, NOR, NO-1366
Wilh. Wilhelmsen Holding ASA operates in the maritime industry and offers shipping and logistics services. The operating segments of the group are Maritime Services, New Energy, and Strategic Holdings and Investments. It derives key revenue from the Maritime Services segment which offers marine products, ship agency services and logistics to the merchant fleet and ship management including manning for all vessel types. The group has a business presence in Europe, Oceania, America, and Asia and Africa.
73GF Score

Get the complete analysis for WLHSF

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

$69.71
Price
$20.37
GF Value