Veidekke ASA (OSL:VEI) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.
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.

OSL:VEI Veidekke ASA OSL:VEI
86 GF Score
Price kr213.50
GF Value kr159.62
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Veidekke ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Veidekke ASA  (OSL:VEI) 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.


Veidekke ASA Cyclically Adjusted PS Ratio Related Terms


Veidekke ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Veidekke 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.

Veidekke ASA Cyclically Adjusted PS Ratio Chart

Veidekke 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 0.54 0.36 0.35 0.47 0.56

Veidekke 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 0.51 0.49 0.55 0.57 0.57

OSL:VEI vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Veidekke 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.


Veidekke ASA Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Veidekke ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OSL:VEI
86GF Score
Veidekke ASA OSL:VEI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veidekke 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.

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

For example, Veidekke 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)
=91.407/141.6200*141.6200
=91.407

Current CPI (Jun. 2026) = 141.6200.

Veidekke ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 52.691 104.200 71.613
201612 60.768 104.400 82.433
201703 48.151 105.000 64.944
201706 61.366 105.800 82.142
201709 58.330 105.900 78.005
201712 65.325 106.100 87.194
201803 52.526 107.300 69.326
201806 70.790 108.500 92.399
201809 64.949 109.500 84.001
201812 73.026 109.800 94.189
201903 60.402 110.400 77.483
201906 71.067 110.600 90.999
201909 66.333 111.100 84.555
201912 74.387 111.300 94.651
202003 62.561 111.200 79.675
202006 73.283 112.100 92.581
202009 70.645 112.900 88.616
202012 76.128 112.900 95.494
202103 61.583 114.600 76.103
202106 72.690 115.300 89.283
202109 68.874 117.500 83.012
202112 75.402 118.900 89.810
202203 62.013 119.800 73.308
202206 73.372 122.600 84.755
202209 70.764 125.600 79.790
202212 80.331 125.900 90.361
202303 70.131 127.600 77.837
202306 82.763 130.400 89.884
202309 76.996 129.800 84.008
202312 89.911 131.900 96.537
202403 70.230 132.600 75.007
202406 79.878 133.800 84.547
202409 71.549 133.700 75.787
202412 85.131 134.800 89.438
202503 66.955 136.100 69.671
202506 83.931 137.800 86.258
202509 78.952 138.500 80.731
202512 89.837 139.140 91.438
202603 71.534 141.060 71.818
202606 91.407 141.620 91.407

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 Veidekke ASA (OSL:VEI) Overvalued in 2026?

Based on GuruFocus' analysis, Veidekke ASA stock appears to be overvalued. The current stock price of kr213.50 is trading 33.8% above its estimated GF Value™ of kr159.62. GuruFocus considers Veidekke ASA to be Significantly Overvalued.

Key valuation signals for OSL:VEI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr159.62 vs. price of kr213.50 (33.8% above fair value)
  • GF Score™: 86/100 with 6 warning signs

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


Veidekke ASA Business Description

Address Standardveien 28B, Oslo, NOR, 0581
Veidekke ASA is engaged in construction and property development, including building and residential projects, civil engineering contracts, and various infrastructure developments. The Company operates through the following segments: Construction Norway (generating the majority of revenue, including apartment complexes and non-residential buildings); Infrastructure Norway (covering road maintenance, railways, power production, and airports); Construction Sweden (including residential units, offices, schools, and cultural buildings); Infrastructure Sweden (covering infrastructure, extractive industries, heavy industry, energy, and recycling/landfill facilities); Denmark (commercial buildings); and Other operations..
86GF Score

Get the complete analysis for OSL:VEI

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

kr213.50
Price
kr159.62
GF Value