Worley (ASX:WOR) Cyclically Adjusted PB Ratio: 0.95 (As of Jul. 11, 2026) — 31% Below Median


ASX:WOR Worley Ltd ASX:WOR
84 GF Score
Price A$10.80
GF Value A$15.62
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Worley Cyclically Adjusted PB Ratio?

Worley ASX:WOR +0.47% 84 Cyclically Adjusted PB Ratio is 0.95 as of Jul. 11, 2026, which is 31% below its 10-year median of 1.37. GuruFocus rates ASX:WOR with a GF Score™ of 84/100 and a GF Value™ of A$15.62 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 772 Oil & Gas companies, Worley ranks better than 58.55% on this metric.

As of today (2026-07-11), Worley's current share price is A$10.80. Worley's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was A$11.40. Worley's Cyclically Adjusted PB Ratio for today is 0.95.

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

ASX:WOR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.37   Max: 2.41
Current: 0.95

During the past 13 years, Worley's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.67. And the median was 1.37.

ASX:WOR's Cyclically Adjusted PB Ratio is ranked better than
58.55% of 772 companies
in the Oil & Gas industry
Industry Median: 1.18 vs ASX:WOR: 0.95

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.

Worley's adjusted book value per share data of for the fiscal year that ended in Jun25 was A$11.003. 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 A$11.40 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Worley  (ASX:WOR) 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.


Worley Cyclically Adjusted PB Ratio Related Terms


Worley Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Worley'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.

Worley Cyclically Adjusted PB Ratio Chart

Worley Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.41 1.47 1.35 1.15

Worley Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 1.35 0.00 1.15 0.00

ASX:WOR vs SLB, BKR, HAL: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Worley'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.


Worley Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


ASX:WOR
84GF Score
Worley Ltd ASX:WOR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Worley 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.

Worley's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.80/11.40
=0.95

* 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.

Worley's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Worley's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=11.003/131.5506*131.5506
=11.003

Current CPI (Jun25) = 131.5506.

Worley Annual Data

Book Value per Share CPI Adj_Book
201606 7.150 0.000
201706 7.102 0.000
201806 7.699 0.000
201906 11.534 0.000
202006 11.278 0.000
202106 10.603 0.000
202206 10.833 0.000
202306 10.660 0.000
202406 10.436 0.000
202506 11.003 131.551 11.003

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 0.95 mean?
Worley (ASX:WOR) has a Cyclically Adjusted PB Ratio of 0.95 as of Jul. 11, 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 Worley and its competitors. This is 31% below median its historical median of 1.37. Over the past decade, Worley's Cyclically Adjusted PB Ratio has ranged from 0.67 to 2.41. According to the industry distribution chart, Worley ranks #320 out of 772 companies in the Oil & Gas industry, placing it in the top 41.5%.
Is Worley's Cyclically Adjusted PB Ratio too high?
Worley's current Cyclically Adjusted PB Ratio of 0.95 is 31% below median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 2.41. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. Worley's value of 0.95 is 19.5% below this industry median. Based on the distribution chart, Worley ranks #320 out of 772 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Worley has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Worley's Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Worley ranks #320 out of 772 companies for Cyclically Adjusted PB Ratio. This puts Worley in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Worley's value of 0.95 is 19.5% below this benchmark. Historically, Worley's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 2.41 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 1.18, Worley 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 Cyclically Adjusted PB Ratio for an Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.18, based on 772 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. Worley's current Cyclically Adjusted PB Ratio of 0.95 is 19.5% 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 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 Worley and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Worley's current Cyclically Adjusted PB Ratio is 0.95, which is 31% below median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Worley stock overvalued right now?
Based on GuruFocus' analysis, Worley (ASX:WOR) is currently considered Significantly Undervalued. The stock's GF Value™ is A$15.62, compared to a current price of A$10.80 — trading 30.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.95, which is 31% below median its 10-year median of 1.37 and 19.5% below the Oil & Gas industry median of 1.18. Worley's overall GF Score™ is 84/100 with 5 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 Worley (ASX:WOR), the current Cyclically Adjusted PB Ratio is 0.95 as of Jul. 11, 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 Worley (ASX:WOR) Overvalued in 2026?

Based on GuruFocus' analysis, Worley stock appears to be undervalued. The current stock price of A$10.80 is trading 30.9% below its estimated GF Value™ of A$15.62. GuruFocus considers Worley to be Significantly Undervalued.

Key valuation signals for ASX:WOR:

  • Cyclically Adjusted PB Ratio: 0.95 (31% below median its 10-year median of 1.37)
  • GF Value™: A$15.62 vs. price of A$10.80 (30.9% below fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 19.5% below the Oil & Gas median (#320 of 772)

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


Worley Business Description

Industry EnergyOil & Gas
Address 420 George Street, Level 19, North Sydney, Sydney, NSW, AUS, 2000
Worley is a leading global provider of professional services, such as engineering, procurement, and construction management, to the oil, gas, mining, power, and infrastructure sectors. Purchase of Jacobs ECR in April 2019 reduced revenue contribution from hydrocarbons to just over 50%, from a prior 75%-80% position. Metals and mining contributes 23% and infrastructure and chemicals the balance. Worley has a global presence with about 59,000 staff in more than 50 countries. It has a strong presence in many developing economies, including Africa.
84GF Score

Get the complete analysis for ASX:WOR

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

A$10.80
Price
A$15.62
GF Value