Pakistan State Oil Co (KAR:PSO) Cyclically Adjusted Book per Share: ₨425.29 (As of Mar. 2026)


KAR:PSO Pakistan State Oil Co Ltd KAR:PSO
83 GF Score
Price ₨350.66
GF Value ₨255.01
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Pakistan State Oil Co Cyclically Adjusted Book per Share?

Pakistan State Oil Co KAR:PSO -0.47% 83 Cyclically Adjusted Book per Share is ₨425.29 as of Mar. 2026. GuruFocus rates KAR:PSO with a GF Score™ of 83/100 and a GF Value™ of ₨255.01 (Significantly Overvalued). The stock has 2 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.

Pakistan State Oil Co's adjusted book value per share for the three months ended in Mar. 2026 was ₨620.835. 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 ₨425.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Pakistan State Oil Co's average Cyclically Adjusted Book Growth Rate was 12.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.40% 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 Pakistan State Oil Co was 16.60% per year. The lowest was 12.40% per year. And the median was 14.50% per year.

As of today (2026-07-08), Pakistan State Oil Co's current stock price is ₨350.66. Pakistan State Oil Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨425.29. Pakistan State Oil Co's Cyclically Adjusted PB Ratio of today is 0.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pakistan State Oil Co was 1.21. The lowest was 0.33. And the median was 0.66.


Pakistan State Oil Co  (KAR:PSO) 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.

Pakistan State Oil Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=350.66/425.29
=0.82

* 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 Pakistan State Oil Co was 1.21. The lowest was 0.33. And the median was 0.66.


Be Aware

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


Pakistan State Oil Co Cyclically Adjusted Book per Share Related Terms


Pakistan State Oil Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Pakistan State Oil Co'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.

Pakistan State Oil Co Cyclically Adjusted Book per Share Chart

Pakistan State Oil Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 219.94 274.71 307.09 348.73 390.15

Pakistan State Oil Co 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 378.70 390.15 401.39 408.24 425.29

KAR:PSO vs VLO, MPC, PSX: Cyclically Adjusted Book per Share Comparison

For the Oil & Gas Refining & Marketing subindustry, Pakistan State Oil Co'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.


Pakistan State Oil Co Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Pakistan State Oil Co's Cyclically Adjusted PB Ratio falls into.


KAR:PSO
83GF Score
Pakistan State Oil Co Ltd KAR:PSO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pakistan State Oil Co 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, Pakistan State Oil Co'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)
=620.835/330.2130*330.2130
=620.835

Current CPI (Mar. 2026) = 330.2130.

Pakistan State Oil Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 195.073 241.018 267.265
201609 199.310 241.428 272.606
201612 210.653 241.432 288.116
201703 218.803 243.801 296.355
201706 219.075 244.955 295.325
201709 229.639 246.819 307.228
201712 228.377 246.524 305.906
201803 238.399 249.554 315.453
201806 235.269 251.989 308.303
201809 244.167 252.439 319.392
201812 240.837 251.233 316.549
201903 244.407 254.202 317.489
201906 261.670 256.143 337.338
201909 271.716 256.759 349.449
201912 271.840 256.974 349.316
202003 258.815 258.115 331.109
202006 239.766 257.797 307.117
202009 251.890 260.280 319.569
202012 259.708 260.474 329.242
202103 273.541 264.877 341.014
202106 298.680 271.696 363.009
202109 323.962 274.310 389.984
202112 366.362 278.802 433.919
202203 448.118 287.504 514.686
202206 484.352 296.311 539.768
202209 488.347 296.808 543.309
202212 471.312 296.797 524.376
202303 499.821 301.836 546.811
202306 494.296 305.109 534.966
202309 545.848 307.789 585.616
202312 512.296 306.746 551.488
202403 522.134 312.332 552.026
202406 532.322 314.175 559.496
202409 542.101 315.301 567.739
202412 552.512 315.605 578.085
202503 560.667 319.799 578.925
202506 564.276 322.561 577.662
202509 587.187 324.800 596.973
202512 567.202 324.054 577.982
202603 620.835 330.213 620.835

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 ₨425.29 mean?
Pakistan State Oil Co (KAR:PSO) has a Cyclically Adjusted Book per Share of ₨425.29 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 Pakistan State Oil Co and its competitors.
Is Pakistan State Oil Co's Cyclically Adjusted Book per Share too high?
Pakistan State Oil Co's current Cyclically Adjusted Book per Share is ₨425.29. Overall, Pakistan State Oil Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan State Oil Co's Cyclically Adjusted Book per Share compare to VLO and MPC?
Pakistan State Oil Co's Cyclically Adjusted Book per Share of ₨425.29 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 Pakistan State Oil Co and its competitors. Pakistan State Oil Co's current Cyclically Adjusted Book per Share is ₨425.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan State Oil Co stock overvalued right now?
Based on GuruFocus' analysis, Pakistan State Oil Co (KAR:PSO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨255.01, compared to a current price of ₨350.66 — trading 37.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₨425.29. Pakistan State Oil Co's overall GF Score™ is 83/100 with 2 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 Pakistan State Oil Co (KAR:PSO), the current Cyclically Adjusted Book per Share is ₨425.29 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 Pakistan State Oil Co (KAR:PSO) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan State Oil Co stock appears to be overvalued. The current stock price of ₨350.66 is trading 37.5% above its estimated GF Value™ of ₨255.01. GuruFocus considers Pakistan State Oil Co to be Significantly Overvalued.

Key valuation signals for KAR:PSO:

  • Cyclically Adjusted Book per Share: ₨425.29
  • GF Value™: ₨255.01 vs. price of ₨350.66 (37.5% above fair value)
  • GF Score™: 83/100 with 2 warning signs

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


Pakistan State Oil Co Business Description

Industry EnergyOil & Gas
Address PSO House, Khayaban-e-Iqbal, Clifton, Karachi, SD, PAK, 75600
Pakistan State Oil Co Ltd is engaged in the procurement, storage, and marketing of petroleum and related products. It also blends and markets lubricating oils. It comprises three reportable segments: Petroleum products, Liquefied Natural Gas (LNG), and Others. The majority of the company's revenues are derived from the petroleum products segment.
83GF Score

Get the complete analysis for KAR:PSO

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

₨350.66
Price
₨255.01
GF Value