Morrow Bank AB (FRA:KBN0) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:KBN0 Morrow Bank AB FRA:KBN0
56 GF Score
Price €1.38
GF Value €0.61
! 5 Warning Signs
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What is Morrow Bank AB Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Morrow Bank AB  (FRA:KBN0) 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.


Morrow Bank AB Cyclically Adjusted PS Ratio Related Terms


Morrow Bank AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Morrow Bank AB'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.

Morrow Bank AB Cyclically Adjusted PS Ratio Chart

Morrow Bank AB 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 - - 0.80 1.64 2.57

Morrow Bank AB 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 1.83 2.32 2.39 1.97 1.86

FRA:KBN0 vs USB, PNC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Morrow Bank AB'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.


Morrow Bank AB Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Morrow Bank AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Morrow Bank AB's Cyclically Adjusted PS Ratio falls into.


FRA:KBN0
56GF Score
Morrow Bank AB FRA:KBN0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Morrow Bank AB 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.

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

For example, Morrow Bank AB'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)
=0.146/134.6100*134.6100
=0.146

Current CPI (Jun. 2026) = 134.6100.

Morrow Bank AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.072 101.138 0.096
201612 0.102 102.022 0.135
201703 0.105 102.022 0.139
201706 0.118 102.752 0.155
201709 0.127 103.279 0.166
201712 0.122 103.793 0.158
201803 0.140 103.962 0.181
201806 0.146 104.875 0.187
201809 0.159 105.679 0.203
201812 0.171 105.912 0.217
201903 0.162 105.886 0.206
201906 0.168 106.742 0.212
201909 0.172 107.214 0.216
201912 0.180 107.766 0.225
202003 0.151 106.563 0.191
202006 0.139 107.498 0.174
202009 0.138 107.635 0.173
202012 0.095 108.296 0.118
202103 0.136 108.360 0.169
202106 0.127 108.928 0.157
202109 0.093 110.338 0.113
202112 -0.271 112.486 -0.324
202203 0.110 114.825 0.129
202206 0.106 118.384 0.121
202209 0.104 122.296 0.114
202212 0.117 126.365 0.125
202303 0.112 127.042 0.119
202306 0.105 129.407 0.109
202309 0.104 130.224 0.108
202312 0.111 131.912 0.113
202403 0.116 132.205 0.118
202406 0.118 132.716 0.120
202409 0.122 132.304 0.124
202412 0.135 132.987 0.137
202503 0.132 132.825 0.134
202506 0.134 133.699 0.135
202509 0.134 133.480 0.135
202512 0.143 133.380 0.144
202603 0.148 133.550 0.149
202606 0.146 134.610 0.146

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 Morrow Bank AB (FRA:KBN0) Overvalued in 2026?

Based on GuruFocus' analysis, Morrow Bank AB stock appears to be overvalued. The current stock price of €1.38 is trading 126.2% above its estimated GF Value™ of €0.61.

Key valuation signals for FRA:KBN0:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.61 vs. price of €1.38 (126.2% above fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the FRA:KBN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morrow Bank AB Business Description

Other Exchanges MORROW:Sweden
Address Torsgatan 13, Stockholm, SWE, 111 23
Morrow Bank AB is a Swedish bank offering convenient payment and financing products to consumers. It is a focused Nordic digital niche bank offering personal loans, credit cards, deposit accounts, and online point-of-sales finance products to consumers.
56GF Score

Get the complete analysis for FRA:KBN0

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

€1.38
Price
€0.61
GF Value