SpareBank 1 SMN (OSL:MING) Cyclically Adjusted PS Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan 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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Charlie Tian
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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.

OSL:MING SpareBank 1 SMN OSL:MING
67 GF Score
Price kr202.05
GF Value kr180.12
Valuation Modestly Overvalued
! 7 Warning Signs
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What is SpareBank 1 SMN Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SpareBank 1 SMN  (OSL:MING) 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.


SpareBank 1 SMN Cyclically Adjusted PS Ratio Related Terms


SpareBank 1 SMN Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SpareBank 1 SMN'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.

SpareBank 1 SMN Cyclically Adjusted PS Ratio Chart

SpareBank 1 SMN 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 3.97 3.12 3.18 3.60 4.04

SpareBank 1 SMN 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 3.92 3.85 4.04 3.97 0.00

SpareBank 1 SMN Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, SpareBank 1 SMN'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.


SpareBank 1 SMN Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 SMN's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where SpareBank 1 SMN's Cyclically Adjusted PS Ratio falls into.


OSL:MING
67GF Score
SpareBank 1 SMN OSL:MING
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SpareBank 1 SMN 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.

SpareBank 1 SMN's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, SpareBank 1 SMN'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)
=13.914/141.5800*141.5800
=13.914

Current CPI (Jun. 2026) = 141.5800.

SpareBank 1 SMN Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.948 104.200 10.799
201612 8.511 104.400 11.542
201703 8.133 105.000 10.966
201706 8.613 105.800 11.526
201709 8.969 105.900 11.991
201712 9.475 106.100 12.643
201803 9.355 107.300 12.344
201806 10.736 108.500 14.009
201809 9.041 109.500 11.690
201812 8.906 109.800 11.484
201903 10.593 110.400 13.585
201906 10.610 110.600 13.582
201909 9.762 111.100 12.440
201912 9.934 111.300 12.637
202003 8.990 111.200 11.446
202006 11.843 112.100 14.957
202009 10.474 112.900 13.135
202012 11.646 112.900 14.604
202103 12.536 114.600 15.487
202106 11.669 115.300 14.329
202109 10.844 117.500 13.066
202112 9.491 118.900 11.301
202203 10.809 119.800 12.774
202206 9.608 122.600 11.095
202209 9.937 125.600 11.201
202212 10.853 125.900 12.205
202303 11.449 127.600 12.703
202306 12.257 130.400 13.308
202309 12.347 129.800 13.468
202312 15.929 131.900 17.098
202403 13.672 132.600 14.598
202406 13.831 133.800 14.635
202409 13.138 133.700 13.912
202412 13.920 134.800 14.620
202503 13.671 136.100 14.221
202506 14.595 137.800 14.995
202509 13.536 138.500 13.837
202512 13.698 139.100 13.942
202603 12.912 141.030 12.962
202606 13.914 141.580 13.914

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 SpareBank 1 SMN (OSL:MING) Overvalued in 2026?

Based on GuruFocus' analysis, SpareBank 1 SMN stock appears to be overvalued. The current stock price of kr202.05 is trading 12.2% above its estimated GF Value™ of kr180.12. GuruFocus considers SpareBank 1 SMN to be Modestly Overvalued.

Key valuation signals for OSL:MING:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr180.12 vs. price of kr202.05 (12.2% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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


SpareBank 1 SMN Business Description

Other Exchanges MINGo:UK0IVM:UKSJI:Germany
Address Sondre gate 4, Trondheim, NOR, 7011
SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. The services and products of the bank serves real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income. The company has Retail Banking and Corporate Banking as its reportable segment.
67GF Score

Get the complete analysis for OSL:MING

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

kr202.05
Price
kr180.12
GF Value