Storebrand ASA (HAM:SKT) Cyclically Adjusted PS Ratio: 1.35 (As of Aug. 13, 2026) — 125% 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.

HAM:SKT Storebrand ASA HAM:SKT
43 GF Score
Price €18.50
GF Value €14.99
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Storebrand ASA Cyclically Adjusted PS Ratio?

Storebrand ASA HAM:SKT -0.59% 43 Cyclically Adjusted PS Ratio is 1.35 as of Aug. 13, 2026, which is 125% above its 10-year median of 0.60. GuruFocus rates HAM:SKT with a GF Score™ of 43/100 and a GF Value™ of €14.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 70 Diversified Financial Services companies, Storebrand ASA ranks better than 77.14% on this metric.

As of today (2026-08-13), Storebrand ASA's current share price is €18.50. Storebrand ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €13.66. Storebrand ASA's Cyclically Adjusted PS Ratio for today is 1.35.

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

HAM:SKT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.6   Max: 1.31
Current: 1.31

During the past years, Storebrand ASA's highest Cyclically Adjusted PS Ratio was 1.31. The lowest was 0.28. And the median was 0.60.

HAM:SKT's Cyclically Adjusted PS Ratio is ranked better than
77.14% of 70 companies
in the Diversified Financial Services industry
Industry Median: 2.7 vs HAM:SKT: 1.31

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.

Storebrand ASA's adjusted revenue per share data for the three months ended in Jun. 2026 was €16.542. 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 €13.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Storebrand ASA  (HAM:SKT) 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.


Storebrand ASA Cyclically Adjusted PS Ratio Related Terms


Storebrand ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Storebrand 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.

Storebrand ASA Cyclically Adjusted PS Ratio Chart

Storebrand 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 0.64 0.67 0.69 0.90 1.21

Storebrand 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 1.05 1.07 1.21 1.22 1.18

HAM:SKT vs FRHC, VOYA, HTH: Cyclically Adjusted PS Ratio Comparison

For the Financial Conglomerates subindustry, Storebrand 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.


Storebrand ASA Cyclically Adjusted PS Ratio vs Diversified Financial Services Industry

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

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


HAM:SKT
43GF Score
Storebrand ASA HAM:SKT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Storebrand 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.50/13.66
=1.35

* 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.

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

For example, Storebrand 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)
=16.542/141.5800*141.5800
=16.542

Current CPI (Jun. 2026) = 141.5800.

Storebrand ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.653 104.200 4.963
201612 4.415 104.400 5.987
201703 4.195 105.000 5.656
201706 2.440 105.800 3.265
201709 2.735 105.900 3.656
201712 4.388 106.100 5.855
201803 1.561 107.300 2.060
201806 4.005 108.500 5.226
201809 3.331 109.500 4.307
201812 -0.758 109.800 -0.977
201903 6.458 110.400 8.282
201906 3.546 110.600 4.539
201909 3.925 111.100 5.002
201912 4.673 111.300 5.944
202003 -1.671 111.200 -2.128
202006 6.703 112.100 8.466
202009 4.609 112.900 5.780
202012 -2.814 112.900 -3.529
202103 7.828 114.600 9.671
202106 5.769 115.300 7.084
202109 3.586 117.500 4.321
202112 -1.945 118.900 -2.316
202203 -3.644 119.800 -4.306
202206 -5.919 122.600 -6.835
202209 -1.403 125.600 -1.582
202212 4.879 125.900 5.487
202303 3.474 127.600 3.855
202306 2.917 130.400 3.167
202309 -0.947 129.800 -1.033
202312 7.481 131.900 8.030
202403 7.308 132.600 7.803
202406 3.653 133.800 3.865
202409 5.147 133.700 5.450
202412 2.443 134.800 2.566
202503 -2.644 136.100 -2.750
202506 7.897 137.800 8.114
202509 5.509 138.500 5.632
202512 4.849 139.100 4.935
202603 -0.111 141.030 -0.111
202606 16.542 141.580 16.542

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 1.35 mean?
Storebrand ASA (HAM:SKT) has a Cyclically Adjusted PS Ratio of 1.35 as of Aug. 13, 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 Storebrand ASA and its competitors. This is 125% above median its historical median of 0.60. Over the past decade, Storebrand ASA's Cyclically Adjusted PS Ratio has ranged from 0.28 to 1.31. According to the industry distribution chart, Storebrand ASA ranks #16 out of 70 companies in the Diversified Financial Services industry, placing it in the top 22.9%.
Is Storebrand ASA's Cyclically Adjusted PS Ratio too high?
Storebrand ASA's current Cyclically Adjusted PS Ratio of 1.35 is 125% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.31. The Diversified Financial Services industry median Cyclically Adjusted PS Ratio is 2.70. Storebrand ASA's value of 1.35 is 50% below this industry median. Based on the distribution chart, Storebrand ASA ranks #16 out of 70 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Storebrand ASA has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Storebrand ASA's Cyclically Adjusted PS Ratio compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Storebrand ASA ranks #16 out of 70 companies for Cyclically Adjusted PS Ratio. This places Storebrand ASA in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 2.70. Storebrand ASA's value of 1.35 is 50% below this benchmark. Historically, Storebrand ASA's own Cyclically Adjusted PS Ratio has ranged from 0.28 to 1.31 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 2.70, Storebrand ASA has consistently been below 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 Diversified Financial Services company?
The median Cyclically Adjusted PS Ratio among Diversified Financial Services companies is 2.70, based on 70 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. Storebrand ASA's current Cyclically Adjusted PS Ratio of 1.35 is 50% below 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 Storebrand ASA and its competitors. For the Diversified Financial Services industry, the median Cyclically Adjusted PS Ratio is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Storebrand ASA's current Cyclically Adjusted PS Ratio is 1.35, which is 125% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Storebrand ASA stock overvalued right now?
Based on GuruFocus' analysis, Storebrand ASA (HAM:SKT) is currently considered Modestly Overvalued. The stock's GF Value™ is €14.99, compared to a current price of €18.50 — trading 23.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.35, which is 125% above median its 10-year median of 0.60 and 50% below the Diversified Financial Services industry median of 2.70. Storebrand ASA's overall GF Score™ is 43/100 with 6 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 Storebrand ASA (HAM:SKT), the current Cyclically Adjusted PS Ratio is 1.35 as of Aug. 13, 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 Storebrand ASA (HAM:SKT) Overvalued in 2026?

Based on GuruFocus' analysis, Storebrand ASA stock appears to be overvalued. The current stock price of €18.50 is trading 23.4% above its estimated GF Value™ of €14.99. GuruFocus considers Storebrand ASA to be Modestly Overvalued.

Key valuation signals for HAM:SKT:

  • Cyclically Adjusted PS Ratio: 1.35 (125% above median its 10-year median of 0.60)
  • GF Value™: €14.99 vs. price of €18.50 (23.4% above fair value)
  • GF Score™: 43/100 with 6 warning signs
  • Industry Position: 50% below the Diversified Financial Services median (#16 of 70)

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


Storebrand ASA Business Description

Address Professor Kohts vei 9, P.O. Box 500, Lysaker, Oslo, NOR, 1327
Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into four segments Savings, Insurance, Guaranteed Pension, and Others. The Savings segment includes products for retirement savings with no interest rate guarantees which defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The Insurance segment provides risk products in Norway and Sweden, it provides health, property and casualty, personal risk products, and others. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return. Other segment consists of other companies within the Storebrand Group, including smaller subsidiaries of Storebrand Livsforsikring and SPP.
43GF Score

Get the complete analysis for HAM:SKT

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

€18.50
Price
€14.99
GF Value