HAV Group ASAOSL:HAV 63 PB Ratio is 5.08 as of Jul. 04, 2026, which is 40% above its 10-year median of 3.63. GuruFocus rates OSL:HAV with a GF Score™ of 63/100 and a GF Value™ of kr12.47 (Fairly Valued). The stock has 4 warning signs investors should review. Among 962 Transportation companies, HAV Group ASA ranks worse than 92.83% on this metric.
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. As of today (2026-07-04), HAV Group ASA's share price is kr13.50. HAV Group ASA's Book Value per Share for the quarter that ended in Mar. 2026 was kr2.66. Hence, HAV Group ASA's PB Ratio of today is 5.08.
The historical rank and industry rank for HAV Group ASA's PB Ratio or its related term are showing as below:
OSL:HAV'
s PB Ratio Range Over the Past 10 Years
Min: 2.05 Med: 3.63 Max: 12.92
Current: 5.09
During the past 9 years, HAV Group ASA's highest PB Ratio was 12.92. The lowest was 2.05. And the median was 3.63.
OSL:HAV's PB Ratio is ranked worse than 92.83% of 962
companies
in the Transportation industry
Industry Median: 1.25
vs OSL:HAV: 5.09
During the past 12 months, HAV Group ASA's average Book Value Per Share Growth Rate was 9.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -8.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.00% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of HAV Group ASA was 41.20% per year. The lowest was -15.80% per year. And the median was -8.60% per year.
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.
HAV Group ASA PB Ratio Related Terms
HAV Group ASA PB Ratio Historical Data
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The historical data trend for HAV Group ASA's PB 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.
For the Marine Shipping subindustry, HAV Group 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.
HAV Group ASA PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where HAV Group 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.
HAV Group ASA's PB Ratio for today is calculated as follows:
* 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.
HAV Group ASA (OSL:HAV) has a PB Ratio of 5.08 as of Jul. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HAV Group ASA and its competitors. This is 40% above median its historical median of 3.63. Over the past decade, HAV Group ASA's PB Ratio has ranged from 2.05 to 12.92. According to the industry distribution chart, HAV Group ASA ranks #893 out of 962 companies in the Transportation industry, placing it in the top 92.8%.
Is HAV Group ASA's PB Ratio too high?
HAV Group ASA's current PB Ratio of 5.08 is 40% above median its 10-year median of 3.63. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 12.92. The Transportation industry median PB Ratio is 1.25. HAV Group ASA's value of 5.08 is 306.4% above this industry median. Based on the distribution chart, HAV Group ASA ranks #893 out of 962 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, HAV Group ASA has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's PB Ratio compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #893 out of 962 companies for PB Ratio. This places HAV Group ASA in the lower half of its industry. The industry median PB Ratio is 1.25. HAV Group ASA's value of 5.08 is 306.4% above this benchmark. Historically, HAV Group ASA's own PB Ratio has ranged from 2.05 to 12.92 over the past decade. While the company's 10-year median is 3.63 vs. the industry median of 1.25, HAV Group ASA has consistently been above 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 a Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 962 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. HAV Group ASA's current PB Ratio of 5.08 is 306.4% above 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 HAV Group ASA and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current PB Ratio is 5.08, which is 40% above median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Fairly Valued. The stock's GF Value™ is kr12.47, compared to a current price of kr13.50 — trading 8.3% above its estimated fair value. The current PB Ratio is 5.08, which is 40% above median its 10-year median of 3.63 and 306.4% above the Transportation industry median of 1.25. HAV Group ASA's overall GF Score™ is 63/100 with 4 warning signs 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 HAV Group ASA (OSL:HAV), the current PB Ratio is 5.08 as of Jul. 04, 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.
Is HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr13.50 is trading 8.3% above its estimated GF Value™ of kr12.47.
GuruFocus considers HAV Group ASA to be Fairly Valued.
Key valuation signals for OSL:HAV:
PB Ratio: 5.08 (40% above median its 10-year median of 3.63)
GF Value™: kr12.47 vs. price of kr13.50 (8.3% above fair value)
Industry Position: 306.4% above the Transportation median (#893 of 962)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
63GF Score
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