Bonheur ASA (CHIX:BONHRO) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.

CHIX:BONHRO Bonheur ASA CHIX:BONHRO
72 GF Score
Price kr230.00
GF Value kr199.56
! 6 Warning Signs
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What is Bonheur ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bonheur ASA  (CHIX:BONHRo) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Bonheur ASA Cyclically Adjusted PS Ratio Related Terms


Bonheur ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bonheur ASA's Cyclically Adjusted PS 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.

Bonheur ASA Cyclically Adjusted PS Ratio Chart

Bonheur ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.13 0.13 0.14 0.15

Bonheur 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 PS 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 0.14 0.14 0.15 1.00 0.98

CHIX:BONHRO vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Bonheur ASA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Bonheur ASA Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Bonheur ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:BONHRO
72GF Score
Bonheur ASA CHIX:BONHRO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bonheur ASA Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

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

For example, Bonheur ASA's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=58.145/141.6200*141.6200
=58.145

Current CPI (Jun. 2026) = 141.6200.

Bonheur ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 78.659 104.200 106.907
201612 61.841 104.400 83.888
201703 55.321 105.000 74.615
201706 47.877 105.800 64.086
201709 51.265 105.900 68.557
201712 25.534 106.100 34.082
201803 27.650 107.300 36.494
201806 34.210 108.500 44.653
201809 37.078 109.500 47.954
201812 34.938 109.800 45.063
201903 31.717 110.400 40.686
201906 40.205 110.600 51.481
201909 46.506 111.100 59.282
201912 36.020 111.300 45.832
202003 36.443 111.200 46.412
202006 23.606 112.100 29.822
202009 26.803 112.900 33.621
202012 28.496 112.900 35.745
202103 24.993 114.600 30.886
202106 30.330 115.300 37.254
202109 38.818 117.500 46.786
202112 55.629 118.900 66.259
202203 49.140 119.800 58.090
202206 48.411 122.600 55.921
202209 71.687 125.600 80.831
202212 70.935 125.900 79.792
202303 0.000 127.600 0.000
202306 53.301 130.400 57.887
202309 68.349 129.800 74.573
202312 72.346 131.900 77.677
202403 61.530 132.600 65.716
202406 94.235 133.800 99.743
202409 77.267 133.700 81.844
202412 60.002 134.800 63.038
202503 55.441 136.100 57.690
202506 59.461 137.800 61.109
202509 65.151 138.500 66.619
202512 69.125 139.140 70.357
202603 52.267 141.060 52.474
202606 58.145 141.620 58.145

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Bonheur ASA (CHIX:BONHRO) Overvalued in 2026?

Based on GuruFocus' analysis, Bonheur ASA stock appears to be overvalued. The current stock price of kr230.00 is trading 15.3% above its estimated GF Value™ of kr199.56.

Key valuation signals for CHIX:BONHRO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr199.56 vs. price of kr230.00 (15.3% above fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Bonheur ASA Business Description

Address Fred Olsens Gate 2, P.O. Box 1159, Sentrum, Oslo, NOR, 0107
Bonheur ASA was initially a Norwegian shipping company. Currently, the company is engaged in several businesses. The company provides services through four segments: Other Investments, Renewable Energy, Cruise, and Wind Services. The renewable energy segment is involved in developing, constructing, and operating wind farms in Scotland, Norway, Sweden, Ireland, Italy, and the USA. The wind Service segment is engaged in logistics and services within the offshore wind industry. Cruise owns and operates four cruise ships and provides a diverse range of cruises, The other investments segment has investments within media, real estate, bonds, and shares.
72GF Score

Get the complete analysis for CHIX:BONHRO

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

kr230.00
Price
kr199.56
GF Value