ARXCY (ARC Resources) Cyclically Adjusted PB Ratio: 2.62 (As of Aug. 02, 2026) — 78% Above Median

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.

ARXCY ARC Resources Ltd ARXCY
58 GF Score
Price $22.91
GF Value $22.58
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is ARC Resources Cyclically Adjusted PB Ratio?

ARC Resources ARXCY 58 Cyclically Adjusted PB Ratio is 2.62 as of Aug. 02, 2026, which is 78% above its 10-year median of 1.47. GuruFocus rates ARXCY with a GF Score™ of 58/100 and a GF Value™ of $22.58 (Fairly Valued). The stock has 8 warning signs investors should review. Among 765 Oil & Gas companies, ARC Resources ranks worse than 80.13% on this metric.

As of today (2026-08-02), ARC Resources's current share price is $22.91. ARC Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $8.74. ARC Resources's Cyclically Adjusted PB Ratio for today is 2.62.

The historical rank and industry rank for ARC Resources's Cyclically Adjusted PB Ratio or its related term are showing as below:

ARXCY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 1.47   Max: 2.7
Current: 2.7

During the past years, ARC Resources's highest Cyclically Adjusted PB Ratio was 2.70. The lowest was 0.27. And the median was 1.47.

ARXCY's Cyclically Adjusted PB Ratio is ranked worse than
80.13% of 765 companies
in the Oil & Gas industry
Industry Median: 1.21 vs ARXCY: 2.70

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.

ARC Resources's adjusted book value per share data for the three months ended in Jun. 2026 was $11.130. 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 $8.74 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ARC Resources  (OTCPK:ARXCY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


ARC Resources Cyclically Adjusted PB Ratio Related Terms


ARC Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ARC Resources's Cyclically Adjusted 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.

ARC Resources Cyclically Adjusted PB Ratio Chart

ARC Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 1.61 1.71 2.24 2.16

ARC Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB 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 2.43 2.14 2.16 2.38 2.40

ARXCY vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, ARC Resources'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.


ARC Resources Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where ARC Resources's Cyclically Adjusted PB Ratio falls into.


ARXCY
58GF Score
ARC Resources Ltd ARXCY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ARC Resources Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

ARC Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.91/8.74
=2.62

* 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.

ARC Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ARC Resources's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=11.13/133.5265*133.5265
=11.130

Current CPI (Jun. 2026) = 133.5265.

ARC Resources Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.247 101.765 9.509
201612 7.395 101.449 9.733
201703 7.562 102.634 9.838
201706 7.768 103.029 10.067
201709 8.402 103.345 10.856
201712 8.129 103.345 10.503
201803 8.032 105.004 10.214
201806 7.703 105.557 9.744
201809 7.746 105.636 9.791
201812 7.740 105.399 9.806
201903 7.552 106.979 9.426
201906 7.689 107.690 9.534
201909 7.484 107.611 9.286
201912 7.391 107.769 9.157
202003 5.757 107.927 7.122
202006 5.798 108.401 7.142
202009 5.754 108.164 7.103
202012 6.165 108.559 7.583
202103 6.638 110.298 8.036
202106 6.450 111.720 7.709
202109 6.123 112.905 7.241
202112 6.677 113.774 7.836
202203 6.520 117.646 7.400
202206 6.980 120.806 7.715
202209 7.314 120.648 8.095
202212 7.888 120.964 8.707
202303 8.364 122.702 9.102
202306 8.813 124.203 9.475
202309 8.734 125.230 9.313
202312 9.276 125.072 9.903
202403 9.283 126.258 9.817
202406 9.328 127.522 9.767
202409 9.643 127.285 10.116
202412 9.462 127.364 9.920
202503 9.642 129.181 9.966
202506 10.420 129.892 10.712
202509 10.302 130.287 10.558
202512 10.499 130.366 10.754
202603 11.099 132.262 11.205
202606 11.130 133.527 11.130

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

What does a Cyclically Adjusted PB Ratio of 2.62 mean?
ARC Resources (ARXCY) has a Cyclically Adjusted PB Ratio of 2.62 as of Aug. 02, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ARC Resources and its competitors. This is 78% above median its historical median of 1.47. Over the past decade, ARC Resources' Cyclically Adjusted PB Ratio has ranged from 0.27 to 2.70. According to the industry distribution chart, ARC Resources ranks #613 out of 765 companies in the Oil & Gas industry, placing it in the top 80.1%.
Is ARC Resources' Cyclically Adjusted PB Ratio too high?
ARC Resources' current Cyclically Adjusted PB Ratio of 2.62 is 78% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 2.70. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. ARC Resources' value of 2.62 is 116.5% above this industry median. Based on the distribution chart, ARC Resources ranks #613 out of 765 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, ARC Resources has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ARC Resources' Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, ARC Resources ranks #613 out of 765 companies for Cyclically Adjusted PB Ratio. This places ARC Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. ARC Resources' value of 2.62 is 116.5% above this benchmark. Historically, ARC Resources' own Cyclically Adjusted PB Ratio has ranged from 0.27 to 2.70 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 1.21, ARC Resources 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 Cyclically Adjusted PB Ratio for an Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.21, based on 765 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ARC Resources's current Cyclically Adjusted PB Ratio of 2.62 is 116.5% 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ARC Resources and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ARC Resources's current Cyclically Adjusted PB Ratio is 2.62, which is 78% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARC Resources stock overvalued right now?
Based on GuruFocus' analysis, ARC Resources (ARXCY) is currently considered Fairly Valued. The stock's GF Value™ is $22.58, compared to a current price of $22.91 — trading 1.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.62, which is 78% above median its 10-year median of 1.47 and 116.5% above the Oil & Gas industry median of 1.21. ARC Resources' overall GF Score™ is 58/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For ARC Resources (ARXCY), the current Cyclically Adjusted PB Ratio is 2.62 as of Aug. 02, 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 ARC Resources (ARXCY) Overvalued in 2026?

Based on GuruFocus' analysis, ARC Resources stock appears to be overvalued. The current stock price of $22.91 is trading 1.5% above its estimated GF Value™ of $22.58. GuruFocus considers ARC Resources to be Fairly Valued.

Key valuation signals for ARXCY:

  • Cyclically Adjusted PB Ratio: 2.62 (78% above median its 10-year median of 1.47)
  • GF Value™: $22.58 vs. price of $22.91 (1.5% above fair value)
  • GF Score™: 58/100 with 8 warning signs
  • Industry Position: 116.5% above the Oil & Gas median (#613 of 765)

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


ARC Resources Business Description

Industry EnergyOil & Gas
Address 308 - 4th Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 0H7
Arc Resources is a natural gas and condensate-focused producer in the Western Canada Sedimentary Basin. Its most valuable product by revenue, condensate, is a necessary feedstock for the oil industry. Natural gas is the largest product by volume, and the firm actively markets it through pipeline and liquefied natural gas agreements, seeking to limit in-basin pricing. It also operates its own processing assets. In 2024, production was 348 thousand barrels of oil equivalent per day.
58GF Score

Get the complete analysis for ARXCY

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

$22.91
Price
$22.58
GF Value