North Energy ASA (LTS:0MD9) Cyclically Adjusted PS Ratio: (As of Aug. 30, 2026)

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

LTS:0MD9 North Energy ASA LTS:0MD9
45 GF Score
Price kr2.39
GF Value kr5.02
Valuation Possible Value Trap
! 9 Warning Signs
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What is North Energy ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


North Energy ASA  (LTS:0MD9) 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.


North Energy ASA Cyclically Adjusted PS Ratio Related Terms


North Energy ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for North Energy 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.

North Energy ASA Cyclically Adjusted PS Ratio Chart

North Energy 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 5.39 5.80 46.26 53.17 48.85

North Energy 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 62.90 72.85 48.85 65.92 0.00

LTS:0MD9 vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, North Energy 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.


North Energy ASA Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, North Energy ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0MD9
45GF Score
North Energy ASA LTS:0MD9
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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North Energy 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.

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

For example, North Energy 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)
=0/141.5800*141.5800
=0.000

Current CPI (Jun. 2026) = 141.5800.

North Energy ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.009 104.200 0.012
201612 -0.172 104.400 -0.233
201703 0.077 105.000 0.104
201706 0.386 105.800 0.517
201709 0.017 105.900 0.023
201712 -0.442 106.100 -0.590
201803 0.005 107.300 0.007
201806 0.004 108.500 0.005
201809 0.002 109.500 0.003
201812 -0.007 109.800 -0.009
201903 0.007 110.400 0.009
201906 0.009 110.600 0.012
201909 0.004 111.100 0.005
201912 -0.007 111.300 -0.009
202003 0.018 111.200 0.023
202006 0.000 112.100 0.000
202009 0.005 112.900 0.006
202012 -0.001 112.900 -0.001
202103 0.002 114.600 0.002
202106 0.001 115.300 0.001
202109 0.003 117.500 0.004
202112 0.001 118.900 0.001
202203 0.004 119.800 0.005
202206 0.002 122.600 0.002
202209 0.007 125.600 0.008
202212 -0.001 125.900 -0.001
202303 0.006 127.600 0.007
202306 0.003 130.400 0.003
202309 0.003 129.800 0.003
202312 0.009 131.900 0.010
202403 0.011 132.600 0.012
202406 0.016 133.800 0.017
202409 0.023 133.700 0.024
202412 0.015 134.800 0.016
202503 0.022 136.100 0.023
202506 0.028 137.800 0.029
202509 0.015 138.500 0.015
202512 0.021 139.100 0.021
202603 0.042 141.030 0.042
202606 0.000 141.580 0.000

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 North Energy ASA (LTS:0MD9) Overvalued in 2026?

Based on GuruFocus' analysis, North Energy ASA stock appears to be undervalued. The current stock price of kr2.39 is trading 52.4% below its estimated GF Value™ of kr5.02. GuruFocus considers North Energy ASA to be Possible Value Trap.

Key valuation signals for LTS:0MD9:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr5.02 vs. price of kr2.39 (52.4% below fair value)
  • GF Score™: 45/100 with 9 warning signs

No single metric tells the full story. See the LTS:0MD9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


North Energy ASA Business Description

Address Tjuvholmen alle 19, Oslo, NOR, 0252
North Energy ASA is an industrial holding company with a portfolio of independent investments, both listed and unlisted. The Group reports only one business segment, the investment activities. The Company evaluates companies both within the traditional energy industry, as well as emerging sectors such as renewable energy production and related activities.
45GF Score

Get the complete analysis for LTS:0MD9

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

kr2.39
Price
kr5.02
GF Value