Gjensidige Forsikring ASA (FRA:XGJ) 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
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.
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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:XGJ Gjensidige Forsikring ASA FRA:XGJ
71 GF Score
Price €25.64
GF Value €23.25
Valuation Fairly Valued
! 4 Warning Signs
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What is Gjensidige Forsikring ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gjensidige Forsikring ASA  (FRA:XGJ) 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 3.19 2.59 2.24 2.33 3.32

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 2.87 3.26 3.25 2.82 2.99

FRA:XGJ 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.


FRA:XGJ
71GF Score
Gjensidige Forsikring ASA FRA:XGJ
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)
=2.377/141.6200*141.6200
=2.377

Current CPI (Jun. 2026) = 141.6200.

Gjensidige Forsikring ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.529 104.200 2.078
201612 1.549 104.400 2.101
201703 1.594 105.000 2.150
201706 1.475 105.800 1.974
201709 1.572 105.900 2.102
201712 1.428 106.100 1.906
201803 1.464 107.300 1.932
201806 1.401 108.500 1.829
201809 1.392 109.500 1.800
201812 1.430 109.800 1.844
201903 1.601 110.400 2.054
201906 1.341 110.600 1.717
201909 1.380 111.100 1.759
201912 1.385 111.300 1.762
202003 1.428 111.200 1.819
202006 1.186 112.100 1.498
202009 1.489 112.900 1.868
202012 1.404 112.900 1.761
202103 1.570 114.600 1.940
202106 1.601 115.300 1.966
202109 1.511 117.500 1.821
202112 1.559 118.900 1.857
202203 2.009 119.800 2.375
202206 1.910 122.600 2.206
202209 1.797 125.600 2.026
202212 1.681 125.900 1.891
202303 1.698 127.600 1.885
202306 1.706 130.400 1.853
202309 1.779 129.800 1.941
202312 1.776 131.900 1.907
202403 1.911 132.600 2.041
202406 1.595 133.800 1.688
202409 1.927 133.700 2.041
202412 1.880 134.800 1.975
202503 1.925 136.100 2.003
202506 2.045 137.800 2.102
202509 2.117 138.500 2.165
202512 2.183 139.140 2.222
202603 2.248 141.060 2.257
202606 2.377 141.620 2.377

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 (FRA:XGJ) Overvalued in 2026?

Based on GuruFocus' analysis, Gjensidige Forsikring ASA stock appears to be overvalued. The current stock price of €25.64 is trading 10.3% above its estimated GF Value™ of €23.25. GuruFocus considers Gjensidige Forsikring ASA to be Fairly Valued.

Key valuation signals for FRA:XGJ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €23.25 vs. price of €25.64 (10.3% above fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the FRA:XGJ 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.
71GF Score

Get the complete analysis for FRA:XGJ

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

€25.64
Price
€23.25
GF Value