Aker ASA (STU:FKM) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

STU:FKM Aker ASA STU:FKM
65 GF Score
Price €144.20
GF Value €90.10
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Aker ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aker ASA  (STU:FKM) 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.


Aker ASA Cyclically Adjusted PS Ratio Related Terms


Aker ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aker 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.

Aker ASA Cyclically Adjusted PS Ratio Chart

Aker 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 1.37 1.08 1.12 1.16 2.10

Aker ASA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 1.01 1.16 1.36 2.10 3.49

STU:FKM vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Aker 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.


Aker ASA Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


STU:FKM
65GF Score
Aker ASA STU:FKM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aker 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.

Aker ASA's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Aker ASA's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=14.881/139.1400*139.1400
=14.881

Current CPI (Dec25) = 139.1400.

Aker ASA Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 59.540 104.400 79.352
201712 55.505 106.100 72.789
201812 57.454 109.800 72.806
201912 7.676 111.300 9.596
202012 4.656 112.900 5.738
202112 7.521 118.900 8.801
202212 12.860 125.900 14.212
202312 6.836 131.900 7.211
202412 14.135 134.800 14.590
202512 14.881 139.140 14.881

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 Aker ASA (STU:FKM) Overvalued in 2026?

Based on GuruFocus' analysis, Aker ASA stock appears to be overvalued. The current stock price of €144.20 is trading 60% above its estimated GF Value™ of €90.10. GuruFocus considers Aker ASA to be Significantly Overvalued.

Key valuation signals for STU:FKM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €90.10 vs. price of €144.20 (60% above fair value)
  • GF Score™: 65/100 with 6 warning signs

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


Aker ASA Business Description

Address Oksenoyveien 10, Lysaker, Oslo, NOR, 1326
Aker ASA is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The portfolio has focused on companies in oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors. The company's investment portfolio comprises two segments: Industrial holdings and Financial investments. The primary focus for businesses within Industrial holdings is long-term value creation. Businesses within Financial investments are managed as a portfolio with a focus on financial and strategic opportunities. The company generates the majority of its revenue from Industrial holdings. Geographically, the company generates the majority of its revenue from Norway.
65GF Score

Get the complete analysis for STU:FKM

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

€144.20
Price
€90.10
GF Value