Ensign Energy Services (FRA:ENB) Cyclically Adjusted Book per Share: €6.24 (As of Mar. 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.

FRA:ENB Ensign Energy Services Inc FRA:ENB
74 GF Score
Price €2.10
GF Value €1.46
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Ensign Energy Services Cyclically Adjusted Book per Share?

Ensign Energy Services FRA:ENB +0.96% 74 Cyclically Adjusted Book per Share is €6.24 as of Mar. 2026. GuruFocus rates FRA:ENB with a GF Score™ of 74/100 and a GF Value™ of €1.46 (Significantly Overvalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Ensign Energy Services's adjusted book value per share for the three months ended in Mar. 2026 was €4.416. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €6.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ensign Energy Services's average Cyclically Adjusted Book Growth Rate was -7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ensign Energy Services was 22.30% per year. The lowest was -5.90% per year. And the median was 10.40% per year.

As of today (2026-08-03), Ensign Energy Services's current stock price is €2.10. Ensign Energy Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €6.24. Ensign Energy Services's Cyclically Adjusted PB Ratio of today is 0.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ensign Energy Services was 0.81. The lowest was 0.02. And the median was 0.24.


Ensign Energy Services  (FRA:ENB) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ensign Energy Services's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.10/6.24
=0.34

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ensign Energy Services was 0.81. The lowest was 0.02. And the median was 0.24.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Ensign Energy Services Cyclically Adjusted Book per Share Related Terms


Ensign Energy Services Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Ensign Energy Services's Cyclically Adjusted Book per Share 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.

Ensign Energy Services Cyclically Adjusted Book per Share Chart

Ensign Energy Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.74 3.81 8.10 6.97 6.10

Ensign Energy Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 6.82 6.59 6.41 6.10 6.24

FRA:ENB vs NE, RIG, VAL: Cyclically Adjusted Book per Share Comparison

For the Oil & Gas Drilling subindustry, Ensign Energy Services's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Ensign Energy Services Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ensign Energy Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ensign Energy Services's Cyclically Adjusted PB Ratio falls into.


FRA:ENB
74GF Score
Ensign Energy Services Inc FRA:ENB
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ensign Energy Services Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, Ensign Energy Services's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.416/132.2623*132.2623
=4.416

Current CPI (Mar. 2026) = 132.2623.

Ensign Energy Services Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.629 102.002 11.189
201609 8.304 101.765 10.793
201612 8.479 101.449 11.054
201703 8.121 102.634 10.465
201706 7.433 103.029 9.542
201709 7.110 103.345 9.099
201712 7.130 103.345 9.125
201803 6.629 105.004 8.350
201806 6.710 105.557 8.408
201809 6.451 105.636 8.077
201812 7.168 105.399 8.995
201903 7.071 106.979 8.742
201906 6.722 107.690 8.256
201909 6.655 107.611 8.179
201912 6.147 107.769 7.544
202003 6.011 107.927 7.366
202006 5.899 108.401 7.197
202009 5.570 108.164 6.811
202012 5.413 108.559 6.595
202103 5.380 110.298 6.451
202106 5.198 111.720 6.154
202109 5.057 112.905 5.924
202112 5.128 113.774 5.961
202203 5.261 117.646 5.915
202206 4.914 120.806 5.380
202209 5.332 120.648 5.845
202212 4.904 120.964 5.362
202303 4.806 122.702 5.180
202306 4.862 124.203 5.177
202309 4.920 125.230 5.196
202312 4.902 125.072 5.184
202403 4.926 126.258 5.160
202406 4.943 127.522 5.127
202409 4.814 127.285 5.002
202412 5.036 127.364 5.230
202503 4.818 129.181 4.933
202506 4.492 129.892 4.574
202509 4.427 130.287 4.494
202512 4.331 130.366 4.394
202603 4.416 132.262 4.416

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €6.24 mean?
Ensign Energy Services (FRA:ENB) has a Cyclically Adjusted Book per Share of €6.24 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Ensign Energy Services and its competitors.
Is Ensign Energy Services' Cyclically Adjusted Book per Share too high?
Ensign Energy Services' current Cyclically Adjusted Book per Share is €6.24. Overall, Ensign Energy Services has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ensign Energy Services' Cyclically Adjusted Book per Share compare to NE and RIG?
Ensign Energy Services' Cyclically Adjusted Book per Share of €6.24 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Oil & Gas company?
A good Cyclically Adjusted Book per Share depends on the Oil & Gas industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Ensign Energy Services and its competitors. Ensign Energy Services's current Cyclically Adjusted Book per Share is €6.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ensign Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Ensign Energy Services (FRA:ENB) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.46, compared to a current price of €2.10 — trading 43.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is €6.24. Ensign Energy Services' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Ensign Energy Services (FRA:ENB), the current Cyclically Adjusted Book per Share is €6.24 as of Mar. 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 Ensign Energy Services (FRA:ENB) Overvalued in 2026?

Based on GuruFocus' analysis, Ensign Energy Services stock appears to be overvalued. The current stock price of €2.10 is trading 43.8% above its estimated GF Value™ of €1.46. GuruFocus considers Ensign Energy Services to be Significantly Overvalued.

Key valuation signals for FRA:ENB:

  • Cyclically Adjusted Book per Share: €6.24
  • GF Value™: €1.46 vs. price of €2.10 (43.8% above fair value)
  • GF Score™: 74/100 with 3 warning signs

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


Ensign Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges ESVIF:USAESI:Canada
Address 400, 5th Avenue South West, Suite 1000, Calgary, AB, CAN, T2P 0L6
Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. In Canada, the Company's oilfield services business includes drilling rigs, oil sands/coring rigs, well servicing, underbalanced and managed pressure drilling, and equipment rental services. In the United States, it offers drilling rigs, directional services, well servicing, equipment rental services, and trucking services, and Internationally. Geographically the company operates in nine countries; Canada, the United States, Argentina, Australia, Bahrain, Kuwait, Oman, United Arab Emirates, and Venezuela.
74GF Score

Get the complete analysis for FRA:ENB

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

€2.10
Price
€1.46
GF Value