Gjensidige Forsikring ASA (CHIX:GJFO) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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:GJFO Gjensidige Forsikring ASA CHIX:GJFO
74 GF Score
Price kr280.30
GF Value kr253.00
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Gjensidige Forsikring ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gjensidige Forsikring ASA  (CHIX:GJFo) 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.


Gjensidige Forsikring ASA Cyclically Adjusted PS Ratio Related Terms


Gjensidige Forsikring ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gjensidige Forsikring 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.

Gjensidige Forsikring ASA Cyclically Adjusted PS Ratio Chart

Gjensidige Forsikring 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 3.52 2.94 2.59 2.74 3.75

Gjensidige Forsikring 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 3.19 3.54 3.67 3.16 3.26

CHIX:GJFO vs CB, PGR, TRV: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, Gjensidige Forsikring 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.


Gjensidige Forsikring ASA Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Gjensidige Forsikring ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:GJFO
74GF Score
Gjensidige Forsikring ASA CHIX:GJFO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gjensidige Forsikring 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.

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

For example, Gjensidige Forsikring 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)
=26.08/141.6200*141.6200
=26.080

Current CPI (Jun. 2026) = 141.6200.

Gjensidige Forsikring ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.205 104.200 19.306
201612 13.998 104.400 18.988
201703 14.328 105.000 19.325
201706 13.818 105.800 18.496
201709 14.709 105.900 19.670
201712 13.721 106.100 18.314
201803 14.099 107.300 18.609
201806 13.395 108.500 17.484
201809 13.331 109.500 17.241
201812 13.784 109.800 17.779
201903 15.598 110.400 20.009
201906 13.030 110.600 16.685
201909 13.596 111.100 17.331
201912 13.966 111.300 17.771
202003 14.952 111.200 19.042
202006 13.094 112.100 16.542
202009 15.895 112.900 19.938
202012 15.099 112.900 18.940
202103 16.100 114.600 19.896
202106 16.164 115.300 19.854
202109 15.603 117.500 18.806
202112 15.560 118.900 18.533
202203 19.936 119.800 23.567
202206 19.168 122.600 22.142
202209 18.088 125.600 20.395
202212 17.484 125.900 19.667
202303 18.667 127.600 20.718
202306 19.879 130.400 21.589
202309 20.302 129.800 22.151
202312 20.685 131.900 22.209
202403 21.825 132.600 23.310
202406 18.476 133.800 19.556
202409 22.657 133.700 23.999
202412 22.121 134.800 23.240
202503 22.433 136.100 23.343
202506 23.880 137.800 24.542
202509 24.984 138.500 25.547
202512 25.645 139.140 26.102
202603 25.586 141.060 25.688
202606 26.080 141.620 26.080

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 Gjensidige Forsikring ASA (CHIX:GJFO) Overvalued in 2026?

Based on GuruFocus' analysis, Gjensidige Forsikring ASA stock appears to be overvalued. The current stock price of kr280.30 is trading 10.8% above its estimated GF Value™ of kr253.00. GuruFocus considers Gjensidige Forsikring ASA to be Modestly Overvalued.

Key valuation signals for CHIX:GJFO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr253.00 vs. price of kr280.30 (10.8% above fair value)
  • GF Score™: 74/100 with 4 warning signs

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


Gjensidige Forsikring ASA Business Description

Address Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring ASA develops and offers insurance covering customers' security needs and related services, including loss prevention and claims processing. It provides general insurance (property and liability) and accident and health insurance, operating in Norway, Denmark, and Sweden. It has four segments: General Insurance Private, serving individuals in Norway and Denmark; General Insurance Commercial, serving commercial, agricultural, and public sector customers in Norway and Denmark, and earning the majority of revenue; General Insurance Sweden, serving private and commercial markets; and Pension, offering occupational and individual pension products in Norway to enhance customer loyalty. It operates in Norway, Denmark, and Sweden, with maximum revenue coming from Norway.
74GF Score

Get the complete analysis for CHIX:GJFO

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

kr280.30
Price
kr253.00
GF Value