B2 Impact ASA (FRA:B28) Cyclically Adjusted PS Ratio: 3.81 (As of Jul. 23, 2026) — 50% Above Median

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FRA:B28 B2 Impact ASA FRA:B28
64 GF Score
Price €2.14
GF Value €1.16
Valuation Significantly Overvalued
! 5 Warning Signs
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What is B2 Impact ASA Cyclically Adjusted PS Ratio?

B2 Impact ASA FRA:B28 +0.47% 64 Cyclically Adjusted PS Ratio is 3.81 as of Jul. 23, 2026, which is 50% above its 10-year median of 2.54. GuruFocus rates FRA:B28 with a GF Score™ of 64/100 and a GF Value™ of €1.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 420 Credit Services companies, B2 Impact ASA ranks worse than 55.71% on this metric.

As of today (2026-07-23), B2 Impact ASA's current share price is €2.135. B2 Impact ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.56. B2 Impact ASA's Cyclically Adjusted PS Ratio for today is 3.81.

The historical rank and industry rank for B2 Impact ASA's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:B28' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.36   Med: 2.54   Max: 4.06
Current: 3.76

During the past years, B2 Impact ASA's highest Cyclically Adjusted PS Ratio was 4.06. The lowest was 1.36. And the median was 2.54.

FRA:B28's Cyclically Adjusted PS Ratio is ranked worse than
55.71% of 420 companies
in the Credit Services industry
Industry Median: 2.995 vs FRA:B28: 3.76

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.

B2 Impact ASA's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.139. 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 €0.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


B2 Impact ASA  (FRA:B28) 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.


B2 Impact ASA Cyclically Adjusted PS Ratio Related Terms


B2 Impact ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for B2 Impact 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.

B2 Impact ASA Cyclically Adjusted PS Ratio Chart

B2 Impact 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 0.00 0.00 0.00 1.72 2.94

B2 Impact 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 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 1.70 2.32 2.78 2.94 3.66

FRA:B28 vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, B2 Impact 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.


B2 Impact ASA Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, B2 Impact ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where B2 Impact ASA's Cyclically Adjusted PS Ratio falls into.


FRA:B28
64GF Score
B2 Impact ASA FRA:B28
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B2 Impact 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.

B2 Impact ASA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.135/0.56
=3.81

* 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.

B2 Impact ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, B2 Impact ASA's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.139/141.0300*141.0300
=0.139

Current CPI (Mar. 2026) = 141.0300.

B2 Impact ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.077 103.800 0.105
201609 0.061 104.200 0.083
201612 0.153 104.400 0.207
201703 0.096 105.000 0.129
201706 0.092 105.800 0.123
201709 0.094 105.900 0.125
201712 0.237 106.100 0.315
201803 0.121 107.300 0.159
201806 0.137 108.500 0.178
201809 0.116 109.500 0.149
201812 0.245 109.800 0.315
201903 0.116 110.400 0.148
201906 0.016 110.600 0.020
201909 0.135 111.100 0.171
201912 0.253 111.300 0.321
202003 0.091 111.200 0.115
202006 0.084 112.100 0.106
202009 0.112 112.900 0.140
202012 0.223 112.900 0.279
202103 0.116 114.600 0.143
202106 0.116 115.300 0.142
202109 0.122 117.500 0.146
202112 0.211 118.900 0.250
202203 0.122 119.800 0.144
202206 0.121 122.600 0.139
202209 0.134 125.600 0.150
202212 0.197 125.900 0.221
202303 0.141 127.600 0.156
202306 0.129 130.400 0.140
202309 0.090 129.800 0.098
202312 0.100 131.900 0.107
202403 0.114 132.600 0.121
202406 0.160 133.800 0.169
202409 0.057 133.700 0.060
202412 0.111 134.800 0.116
202503 0.124 136.100 0.128
202506 0.144 137.800 0.147
202509 0.117 138.500 0.119
202512 0.124 139.100 0.126
202603 0.139 141.030 0.139

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 3.81 mean?
B2 Impact ASA (FRA:B28) has a Cyclically Adjusted PS Ratio of 3.81 as of Jul. 23, 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 B2 Impact ASA and its competitors. This is 50% above median its historical median of 2.54. Over the past decade, B2 Impact ASA's Cyclically Adjusted PS Ratio has ranged from 1.36 to 4.06. According to the industry distribution chart, B2 Impact ASA ranks #234 out of 420 companies in the Credit Services industry, placing it in the top 55.7%.
Is B2 Impact ASA's Cyclically Adjusted PS Ratio too high?
B2 Impact ASA's current Cyclically Adjusted PS Ratio of 3.81 is 50% above median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 4.06. The Credit Services industry median Cyclically Adjusted PS Ratio is 3.00. B2 Impact ASA's value of 3.81 is 27.2% above this industry median. Based on the distribution chart, B2 Impact ASA ranks #234 out of 420 companies in the Credit Services industry, which is below the industry midpoint. Overall, B2 Impact ASA has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does B2 Impact ASA's Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, B2 Impact ASA ranks #234 out of 420 companies for Cyclically Adjusted PS Ratio. This places B2 Impact ASA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.00. B2 Impact ASA's value of 3.81 is 27.2% above this benchmark. Historically, B2 Impact ASA's own Cyclically Adjusted PS Ratio has ranged from 1.36 to 4.06 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 3.00, B2 Impact 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 3.00, based on 420 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. B2 Impact ASA's current Cyclically Adjusted PS Ratio of 3.81 is 27.2% 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 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 B2 Impact ASA and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B2 Impact ASA's current Cyclically Adjusted PS Ratio is 3.81, which is 50% above median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2 Impact ASA stock overvalued right now?
Based on GuruFocus' analysis, B2 Impact ASA (FRA:B28) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.16, compared to a current price of €2.14 — trading 84.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.81, which is 50% above median its 10-year median of 2.54 and 27.2% above the Credit Services industry median of 3.00. B2 Impact ASA's overall GF Score™ is 64/100 with 5 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 B2 Impact ASA (FRA:B28), the current Cyclically Adjusted PS Ratio is 3.81 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 B2 Impact ASA (FRA:B28) Overvalued in 2026?

Based on GuruFocus' analysis, B2 Impact ASA stock appears to be overvalued. The current stock price of €2.14 is trading 84.1% above its estimated GF Value™ of €1.16. GuruFocus considers B2 Impact ASA to be Significantly Overvalued.

Key valuation signals for FRA:B28:

  • Cyclically Adjusted PS Ratio: 3.81 (50% above median its 10-year median of 2.54)
  • GF Value™: €1.16 vs. price of €2.14 (84.1% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 27.2% above the Credit Services median (#234 of 420)

No single metric tells the full story. See the FRA:B28 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


B2 Impact ASA Business Description

Address Cort Adelers gate 30, 7th floor, Oslo, NOR, 0254
B2 Impact ASA is a Nordic-based debt management company and a pan-European debt solutions provider active in purchasing non-performing loans, debt collection, and third-party debt collection. The company offers solutions to the challenges created by defaulted loans through transparent and ethical debt management, builds financial health, and provides liquidity to financial institutions, contributing to a healthier financial system. The Group's services include debt collection, debt purchase, and third-party debt collection. Its main business lines are investments in non-performing loan (NPL) portfolios and servicing of debt, including third-party debt collection, with operations focused on unsecured and secured asset management across multiple European markets.
64GF Score

Get the complete analysis for FRA:B28

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

€2.14
Price
€1.16
GF Value