Nordic Financials ASA (OSL:NOFIN) Cyclically Adjusted PS Ratio: (As of Jul. 23, 2026)

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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.

OSL:NOFIN Nordic Financials ASA OSL:NOFIN
32 GF Score
Price kr1.73
! 1 Warning Sign
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What is Nordic Financials ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nordic Financials ASA  (OSL:NOFIN) 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.


Nordic Financials ASA Cyclically Adjusted PS Ratio Related Terms


Nordic Financials ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nordic Financials 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.

Nordic Financials ASA Cyclically Adjusted PS Ratio Chart

Nordic Financials 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 2.45 1.37 0.00 0.00 0.00

Nordic Financials ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

Nordic Financials ASA Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Nordic Financials 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.


Nordic Financials ASA Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Nordic Financials ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OSL:NOFIN
32GF Score
Nordic Financials ASA OSL:NOFIN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nordic Financials 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.

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

For example, Nordic Financials ASA's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/141.0300*141.0300
=0.000

Current CPI (Mar. 2026) = 141.0300.

Nordic Financials ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.697 103.800 3.664
201609 2.847 104.200 3.853
201612 1.971 104.400 2.663
201703 1.560 105.000 2.095
201706 2.988 105.800 3.983
201709 2.831 105.900 3.770
201712 2.131 106.100 2.833
201803 0.000 107.300 0.000
201806 0.000 108.500 0.000
201809 0.001 109.500 0.001
201812 8.986 109.800 11.542
201903 2.247 110.400 2.870
201906 2.512 110.600 3.203
201909 0.210 111.100 0.267
201912 0.194 111.300 0.246
202003 0.310 111.200 0.393
202006 0.624 112.100 0.785
202009 0.844 112.900 1.054
202012 0.149 112.900 0.186
202103 0.524 114.600 0.645
202106 1.801 115.300 2.203
202109 1.827 117.500 2.193
202112 1.008 118.900 1.196
202203 1.263 119.800 1.487
202206 1.661 122.600 1.911
202209 1.631 125.600 1.831
202212 1.220 125.900 1.367
202303 1.684 127.600 1.861
202306 2.219 130.400 2.400
202309 2.768 129.800 3.007
202312 0.000 131.900 0.000
202403 0.000 132.600 0.000
202406 0.000 133.800 0.000
202409 0.000 133.700 0.000
202412 0.000 134.800 0.000
202503 0.000 136.100 0.000
202506 0.000 137.800 0.000
202509 0.000 138.500 0.000
202512 0.000 139.100 0.000
202603 0.000 141.030 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.


Nordic Financials ASA Business Description

Address Thunes vei 2, Oslo, NOR, 0274
Nordic Financials ASA is a Norway-based investment company engaged in the investment business. The company operates through a single operating segment, the investment business, and focuses on creating long-term shareholder value through investments in companies where it can take an active ownership role.
32GF Score

Get the complete analysis for OSL:NOFIN

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

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