Sparebanken Ost (OSL:SPOG) Cyclically Adjusted PS Ratio: (As of Jul. 14, 2026)

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.
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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.

OSL:SPOG Sparebanken Ost OSL:SPOG
49 GF Score
Price kr73.00
GF Value kr63.09
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Sparebanken Ost Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sparebanken Ost  (OSL:SPOG) 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.


Sparebanken Ost Cyclically Adjusted PS Ratio Related Terms


Sparebanken Ost Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sparebanken Ost'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.

Sparebanken Ost Cyclically Adjusted PS Ratio Chart

Sparebanken Ost 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 1.44 1.12 1.14 1.62 1.72

Sparebanken Ost 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 1.68 1.60 1.72 1.64 0.00

Sparebanken Ost Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Sparebanken Ost'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.


Sparebanken Ost Cyclically Adjusted PS Ratio vs Banks Industry

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

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


OSL:SPOG
49GF Score
Sparebanken Ost OSL:SPOG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sparebanken Ost 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.

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

For example, Sparebanken Ost'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)
=11.152/141.5800*141.5800
=11.152

Current CPI (Jun. 2026) = 141.5800.

Sparebanken Ost Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.316 104.200 11.299
201612 8.152 104.400 11.055
201703 8.880 105.000 11.974
201706 9.479 105.800 12.685
201709 8.562 105.900 11.447
201712 8.374 106.100 11.174
201803 8.485 107.300 11.196
201806 9.512 108.500 12.412
201809 11.239 109.500 14.532
201812 7.308 109.800 9.423
201903 8.017 110.400 10.281
201906 8.408 110.600 10.763
201909 9.261 111.100 11.802
201912 9.117 111.300 11.597
202003 8.167 111.200 10.398
202006 15.682 112.100 19.806
202009 8.297 112.900 10.405
202012 8.601 112.900 10.786
202103 7.940 114.600 9.809
202106 11.176 115.300 13.723
202109 8.191 117.500 9.870
202112 9.377 118.900 11.166
202203 7.756 119.800 9.166
202206 7.781 122.600 8.986
202209 8.133 125.600 9.168
202212 9.672 125.900 10.877
202303 10.434 127.600 11.577
202306 10.467 130.400 11.364
202309 11.731 129.800 12.796
202312 11.591 131.900 12.442
202403 13.608 132.600 14.530
202406 12.233 133.800 12.944
202409 12.595 133.700 13.337
202412 11.693 134.800 12.281
202503 11.591 136.100 12.058
202506 15.909 137.800 16.345
202509 11.707 138.500 11.967
202512 10.868 139.100 11.062
202603 10.617 141.030 10.658
202606 11.152 141.580 11.152

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 Sparebanken Ost (OSL:SPOG) Overvalued in 2026?

Based on GuruFocus' analysis, Sparebanken Ost stock appears to be overvalued. The current stock price of kr73.00 is trading 15.7% above its estimated GF Value™ of kr63.09. GuruFocus considers Sparebanken Ost to be Modestly Overvalued.

Key valuation signals for OSL:SPOG:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr63.09 vs. price of kr73.00 (15.7% above fair value)
  • GF Score™: 49/100 with 3 warning signs

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


Sparebanken Ost Business Description

Other Exchanges 0G45:UK
Address Bragernes Torg 2, PO Box 67, Hokksund, Drammen, NOR, 3301
Sparebanken Øst is a savings bank in Norway. It offers banking products and services to retail and corporate customers in the areas of loans, payment services, insurance products, property management as well as advisory services. Its mission is to be a non-affiliated, independent and locally managed provider of financial services, to enable people in general, along with small and medium-sized enterprises, to exploit their financial resources in the possible manner.
49GF Score

Get the complete analysis for OSL:SPOG

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

kr73.00
Price
kr63.09
GF Value