Bonheur ASA (CHIX:BONHRO) Cyclically Adjusted PS Ratio: 0.87 (As of Aug. 04, 2026) — 13% 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.

CHIX:BONHRO Bonheur ASA CHIX:BONHRO
78 GF Score
Price kr230.00
GF Value kr223.85
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Bonheur ASA Cyclically Adjusted PS Ratio?

Bonheur ASA CHIX:BONHRO 78 Cyclically Adjusted PS Ratio is 0.87 as of Aug. 04, 2026, which is 13% above its 10-year median of 0.77. GuruFocus rates CHIX:BONHRO with a GF Score™ of 78/100 and a GF Value™ of kr223.85 (Fairly Valued). The stock has 3 warning signs investors should review. Among 471 Conglomerates companies, Bonheur ASA ranks worse than 51.8% on this metric.

As of today (2026-08-04), Bonheur ASA's current share price is kr230.00. Bonheur ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr265.00. Bonheur ASA's Cyclically Adjusted PS Ratio for today is 0.87.

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

CHIX:BONHRo' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.77   Max: 1.31
Current: 0.85

During the past years, Bonheur ASA's highest Cyclically Adjusted PS Ratio was 1.31. The lowest was 0.20. And the median was 0.77.

CHIX:BONHRo's Cyclically Adjusted PS Ratio is ranked worse than
51.8% of 471 companies
in the Conglomerates industry
Industry Median: 0.77 vs CHIX:BONHRo: 0.85

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Bonheur ASA's adjusted revenue per share data for the three months ended in Jun. 2026 was kr71.335. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr265.00 for the trailing ten years ended in Jun. 2026.

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 1.19 0.95 0.80 0.90 0.94

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 0.82 0.82 0.94 0.90 0.87

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
78GF Score
Bonheur ASA CHIX:BONHRO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=230.00/265.00
=0.87

* 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'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)
=71.335/141.5800*141.5800
=71.335

Current CPI (Jun. 2026) = 141.5800.

Bonheur ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 78.658 104.200 106.875
201612 60.630 104.400 82.222
201703 55.323 105.000 74.596
201706 47.846 105.800 64.027
201709 51.265 105.900 68.537
201712 -5.788 106.100 -7.724
201803 33.175 107.300 43.774
201806 39.029 108.500 50.928
201809 43.755 109.500 56.574
201812 43.547 109.800 56.151
201903 39.688 110.400 50.897
201906 47.517 110.600 60.827
201909 52.478 111.100 66.875
201912 44.479 111.300 56.580
202003 46.271 111.200 58.912
202006 29.672 112.100 37.475
202009 32.235 112.900 40.424
202012 37.014 112.900 46.417
202103 31.459 114.600 38.865
202106 37.854 115.300 46.482
202109 44.581 117.500 53.717
202112 63.120 118.900 75.160
202203 58.168 119.800 68.743
202206 57.086 122.600 65.924
202209 75.449 125.600 85.048
202212 79.234 125.900 89.102
202303 70.465 127.600 78.185
202306 66.515 130.400 72.218
202309 75.073 129.800 81.886
202312 80.904 131.900 86.841
202403 69.877 132.600 74.609
202406 100.654 133.800 106.507
202409 84.689 133.700 89.680
202412 73.639 134.800 77.343
202503 68.019 136.100 70.758
202506 76.366 137.800 78.461
202509 80.034 138.500 81.814
202512 69.054 139.100 70.285
202603 67.502 141.030 67.765
202606 71.335 141.580 71.335

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.

What does a Cyclically Adjusted PS Ratio of 0.87 mean?
Bonheur ASA (CHIX:BONHRO) has a Cyclically Adjusted PS Ratio of 0.87 as of Aug. 04, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bonheur ASA and its competitors. This is 13% above median its historical median of 0.77. Over the past decade, Bonheur ASA's Cyclically Adjusted PS Ratio has ranged from 0.20 to 1.31. According to the industry distribution chart, Bonheur ASA ranks #244 out of 471 companies in the Conglomerates industry, placing it in the top 51.8%.
Is Bonheur ASA's Cyclically Adjusted PS Ratio too high?
Bonheur ASA's current Cyclically Adjusted PS Ratio of 0.87 is 13% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.31. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.77. Bonheur ASA's value of 0.87 is 13% above this industry median. Based on the distribution chart, Bonheur ASA ranks #244 out of 471 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Bonheur ASA has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bonheur ASA's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Bonheur ASA ranks #244 out of 471 companies for Cyclically Adjusted PS Ratio. This places Bonheur ASA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Bonheur ASA's value of 0.87 is 13% above this benchmark. Historically, Bonheur ASA's own Cyclically Adjusted PS Ratio has ranged from 0.20 to 1.31 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.77, Bonheur 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 PS Ratio for a Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.77, based on 471 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bonheur ASA's current Cyclically Adjusted PS Ratio of 0.87 is 13% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bonheur ASA and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bonheur ASA's current Cyclically Adjusted PS Ratio is 0.87, which is 13% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonheur ASA stock overvalued right now?
Based on GuruFocus' analysis, Bonheur ASA (CHIX:BONHRO) is currently considered Fairly Valued. The stock's GF Value™ is kr223.85, compared to a current price of kr230.00 — trading 2.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.87, which is 13% above median its 10-year median of 0.77 and 13% above the Conglomerates industry median of 0.77. Bonheur ASA's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Bonheur ASA (CHIX:BONHRO), the current Cyclically Adjusted PS Ratio is 0.87 as of Aug. 04, 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 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 2.7% above its estimated GF Value™ of kr223.85. GuruFocus considers Bonheur ASA to be Fairly Valued.

Key valuation signals for CHIX:BONHRO:

  • Cyclically Adjusted PS Ratio: 0.87 (13% above median its 10-year median of 0.77)
  • GF Value™: kr223.85 vs. price of kr230.00 (2.7% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 13% above the Conglomerates median (#244 of 471)

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.
78GF 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
kr223.85
GF Value