Nordic Financials ASAFRA:82T -1.74%32 PB Ratio is 0.92 as of Jul. 12, 2026, which is 30% above its 10-year median of 0.71. GuruFocus rates FRA:82T with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 431 Utilities - Independent Power Producers companies, Nordic Financials ASA ranks better than 51.74% on this metric.
During the past 3 years, the average Book Value Per Share Growth Rate was -57.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -61.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -37.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nordic Financials ASA was 6.20% per year. The lowest was -88.30% per year. And the median was -14.95% per year.
Back to Basics: PB Ratio
Nordic Financials ASA (FRA:82T) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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 PB Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Nordic Financials ASA's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Nordic Financials ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nordic Financials ASA's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Nordic Financials ASA (FRA:82T) has a PB Ratio of 0.92 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nordic Financials ASA and its competitors. This is 30% above median its historical median of 0.71. Over the past decade, Nordic Financials ASA's PB Ratio has ranged from 0.09 to 5.02. According to the industry distribution chart, Nordic Financials ASA ranks #208 out of 431 companies in the Utilities - Independent Power Producers industry, placing it in the top 48.3%.
Is Nordic Financials ASA's PB Ratio too high?
Nordic Financials ASA's current PB Ratio of 0.92 is 30% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 5.02. The Utilities - Independent Power Producers industry median PB Ratio is 1.30. Nordic Financials ASA's value of 0.92 is 29.2% below this industry median. Based on the distribution chart, Nordic Financials ASA ranks #208 out of 431 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Nordic Financials ASA has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Nordic Financials ASA's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Nordic Financials ASA ranks #208 out of 431 companies for PB Ratio. This puts Nordic Financials ASA in the upper half of its industry. The industry median PB Ratio is 1.30. Nordic Financials ASA's value of 0.92 is 29.2% below this benchmark. Historically, Nordic Financials ASA's own PB Ratio has ranged from 0.09 to 5.02 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.30, Nordic Financials ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.30, based on 431 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nordic Financials ASA's current PB Ratio of 0.92 is 29.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nordic Financials ASA and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordic Financials ASA's current PB Ratio is 0.92, which is 30% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Financials ASA stock overvalued right now?
Nordic Financials ASA (FRA:82T) has a current PB Ratio of 0.92. The current PB Ratio is 0.92, which is 30% above median its 10-year median of 0.71 and 29.2% below the Utilities - Independent Power Producers industry median of 1.30. Nordic Financials ASA's overall GF Score™ is 32/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Nordic Financials ASA (FRA:82T), the current PB Ratio is 0.92 as of Jul. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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
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