MOL Hungarian Oil and Gas (BUD:MOL) Cyclically Adjusted PB Ratio: 0.86 (As of Jul. 20, 2026) — 26% Above Median

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BUD:MOL MOL Hungarian Oil and Gas PLC BUD:MOL
73 GF Score
Price Ft4,166.00
GF Value Ft2,632.88
Valuation Significantly Overvalued
! 10 Warning Signs
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What is MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio?

MOL Hungarian Oil and Gas BUD:MOL +0.10% 73 Cyclically Adjusted PB Ratio is 0.86 as of Jul. 20, 2026, which is 26% above its 10-year median of 0.68. GuruFocus rates BUD:MOL with a GF Score™ of 73/100 and a GF Value™ of Ft2,632.88 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 773 Oil & Gas companies, MOL Hungarian Oil and Gas ranks better than 62.23% on this metric.

As of today (2026-07-20), MOL Hungarian Oil and Gas's current share price is Ft4166.00. MOL Hungarian Oil and Gas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Ft4,860.68. MOL Hungarian Oil and Gas's Cyclically Adjusted PB Ratio for today is 0.86.

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

BUD:MOL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.68   Max: 1.08
Current: 0.86

During the past years, MOL Hungarian Oil and Gas's highest Cyclically Adjusted PB Ratio was 1.08. The lowest was 0.54. And the median was 0.68.

BUD:MOL's Cyclically Adjusted PB Ratio is ranked better than
62.23% of 773 companies
in the Oil & Gas industry
Industry Median: 1.2 vs BUD:MOL: 0.86

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.

MOL Hungarian Oil and Gas's adjusted book value per share data for the three months ended in Mar. 2026 was Ft5,337.967. 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 Ft4,860.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MOL Hungarian Oil and Gas  (BUD:MOL) 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.


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Related Terms


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MOL Hungarian Oil and Gas'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.

MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Chart

MOL Hungarian Oil and Gas 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 0.79 0.64 0.66 0.60 0.61

MOL Hungarian Oil and Gas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.62 0.63 0.57 0.61 0.81

BUD:MOL vs VLO, MPC, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, MOL Hungarian Oil and Gas'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.


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where MOL Hungarian Oil and Gas's Cyclically Adjusted PB Ratio falls into.


BUD:MOL
73GF Score
MOL Hungarian Oil and Gas PLC BUD:MOL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MOL Hungarian Oil and Gas 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.

MOL Hungarian Oil and Gas's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4166.00/4860.68
=0.86

* 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.

MOL Hungarian Oil and Gas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, MOL Hungarian Oil and Gas'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)
=5337.967/174.6900*174.6900
=5,337.967

Current CPI (Mar. 2026) = 174.6900.

MOL Hungarian Oil and Gas Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,250.653 100.814 3,899.913
201609 1,947.815 100.370 3,390.091
201612 1,973.348 101.406 3,399.432
201703 2,094.294 102.147 3,581.639
201706 2,179.981 102.724 3,707.228
201709 2,244.964 102.902 3,811.143
201712 2,361.304 103.627 3,980.590
201803 2,453.974 104.219 4,113.303
201806 2,923.266 105.922 4,821.168
201809 2,601.361 106.588 4,263.454
201812 2,685.440 106.440 4,407.374
201903 2,713.577 108.068 4,386.445
201906 2,740.781 109.475 4,373.503
201909 2,837.542 109.623 4,521.793
201912 2,822.140 110.659 4,455.133
202003 0.000 112.287 0.000
202006 2,893.874 112.583 4,490.283
202009 2,921.234 113.398 4,500.191
202012 3,559.957 113.694 5,469.867
202103 3,066.099 116.358 4,603.168
202106 3,803.938 118.579 5,603.952
202109 4,144.540 119.541 6,056.575
202112 4,441.280 122.058 6,356.397
202203 3,881.208 126.351 5,366.074
202206 4,148.787 132.420 5,473.111
202209 4,739.010 143.597 5,765.134
202212 4,547.978 152.036 5,225.663
202303 4,602.599 158.105 5,085.402
202306 4,429.775 158.993 4,867.107
202309 4,820.843 161.140 5,226.223
202312 4,930.173 160.400 5,369.411
202403 5,093.047 163.879 5,429.046
202406 5,567.476 164.841 5,900.128
202409 5,135.468 165.877 5,408.311
202412 5,311.128 167.802 5,529.154
202503 5,395.592 171.577 5,493.500
202506 5,203.631 172.391 5,273.033
202509 5,271.824 173.060 5,321.478
202512 5,260.475 173.280 5,303.280
202603 5,337.967 174.690 5,337.967

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 0.86 mean?
MOL Hungarian Oil and Gas (BUD:MOL) has a Cyclically Adjusted PB Ratio of 0.86 as of Jul. 20, 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 MOL Hungarian Oil and Gas and its competitors. This is 26% above median its historical median of 0.68. Over the past decade, MOL Hungarian Oil and Gas' Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.08. According to the industry distribution chart, MOL Hungarian Oil and Gas ranks #292 out of 773 companies in the Oil & Gas industry, placing it in the top 37.8%.
Is MOL Hungarian Oil and Gas' Cyclically Adjusted PB Ratio too high?
MOL Hungarian Oil and Gas' current Cyclically Adjusted PB Ratio of 0.86 is 26% above median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.08. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. MOL Hungarian Oil and Gas' value of 0.86 is 28.3% below this industry median. Based on the distribution chart, MOL Hungarian Oil and Gas ranks #292 out of 773 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, MOL Hungarian Oil and Gas has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MOL Hungarian Oil and Gas' Cyclically Adjusted PB Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, MOL Hungarian Oil and Gas ranks #292 out of 773 companies for Cyclically Adjusted PB Ratio. This puts MOL Hungarian Oil and Gas in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. MOL Hungarian Oil and Gas' value of 0.86 is 28.3% below this benchmark. Historically, MOL Hungarian Oil and Gas' own Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.08 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 1.20, MOL Hungarian Oil and Gas 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 1.20, based on 773 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. MOL Hungarian Oil and Gas's current Cyclically Adjusted PB Ratio of 0.86 is 28.3% 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 MOL Hungarian Oil and Gas and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MOL Hungarian Oil and Gas's current Cyclically Adjusted PB Ratio is 0.86, which is 26% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MOL Hungarian Oil and Gas stock overvalued right now?
Based on GuruFocus' analysis, MOL Hungarian Oil and Gas (BUD:MOL) is currently considered Significantly Overvalued. The stock's GF Value™ is Ft2,632.88, compared to a current price of Ft4,166.00 — trading 58.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.86, which is 26% above median its 10-year median of 0.68 and 28.3% below the Oil & Gas industry median of 1.20. MOL Hungarian Oil and Gas' overall GF Score™ is 73/100 with 10 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 MOL Hungarian Oil and Gas (BUD:MOL), the current Cyclically Adjusted PB Ratio is 0.86 as of Jul. 20, 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 MOL Hungarian Oil and Gas (BUD:MOL) Overvalued in 2026?

Based on GuruFocus' analysis, MOL Hungarian Oil and Gas stock appears to be overvalued. The current stock price of Ft4,166.00 is trading 58.2% above its estimated GF Value™ of Ft2,632.88. GuruFocus considers MOL Hungarian Oil and Gas to be Significantly Overvalued.

Key valuation signals for BUD:MOL:

  • Cyclically Adjusted PB Ratio: 0.86 (26% above median its 10-year median of 0.68)
  • GF Value™: Ft2,632.88 vs. price of Ft4,166.00 (58.2% above fair value)
  • GF Score™: 73/100 with 10 warning signs
  • Industry Position: 28.3% below the Oil & Gas median (#292 of 773)

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


MOL Hungarian Oil and Gas Business Description

Industry EnergyOil & Gas
Address Dombovari ut 28, Budapest, HUN, H-1117
MOL Hungarian Oil and Gas PLC is a multinational integrated oil and gas company. The group has various segments, including Upstream, Downstream, Consumer services, Gas midstream, Circular Economy and Corporate and others. The Downstream segment derives the majority of the revenue, which consists of different business activities that are part of an integrated value chain that turns crude oil into a range of refined products, which are moved and marketed for household, industrial, and transport use. Geographically, the firm derives key revenue from Hungary, Croatia, and Slovakia.
73GF Score

Get the complete analysis for BUD:MOL

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

Ft4,166.00
Price
Ft2,632.88
GF Value