Pampa Energia (BUE:PAMP) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

BUE:PAMP Pampa Energia SA BUE:PAMP
83 GF Score
Price ARS5,215.00
GF Value ARS8,539.08
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Pampa Energia Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pampa Energia  (BUE:PAMP) 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.


Pampa Energia Cyclically Adjusted PB Ratio Related Terms


Pampa Energia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pampa Energia'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.

Pampa Energia Cyclically Adjusted PB Ratio Chart

Pampa Energia 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 4.04 6.04 8.84 8.78 6.06

Pampa Energia 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 6.40 5.98 7.42 6.30 5.53

BUE:PAMP vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Pampa Energia'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.


Pampa Energia Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Pampa Energia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BUE:PAMP
83GF Score
Pampa Energia SA BUE:PAMP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pampa Energia 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.

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

For example, Pampa Energia'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)
=4467.645/333.9520*333.9520
=4,467.645

Current CPI (Jun. 2026) = 333.9520.

Pampa Energia Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.640 241.428 11.951
201612 7.664 241.432 10.601
201703 8.354 243.801 11.443
201706 8.507 244.955 11.598
201709 9.453 246.819 12.790
201712 9.680 246.524 13.113
201803 13.186 249.554 17.645
201806 5.840 251.989 7.740
201809 1.387 252.439 1.835
201812 36.108 251.233 47.997
201903 43.393 254.202 57.007
201906 62.090 256.143 80.951
201909 78.024 256.759 101.481
201912 86.018 256.974 111.785
202003 96.624 258.115 125.013
202006 104.414 257.797 135.259
202009 115.725 260.280 148.481
202012 102.592 260.474 131.533
202103 114.612 264.877 144.501
202106 108.013 271.696 132.763
202109 123.299 274.310 150.107
202112 133.119 278.802 159.451
202203 154.806 287.504 179.816
202206 182.582 296.311 205.776
202209 234.736 296.808 264.112
202212 293.253 296.797 329.964
202303 370.330 301.836 409.734
202306 493.549 305.109 540.206
202309 710.595 307.789 770.998
202312 1,434.714 306.746 1,561.962
202403 1,798.893 312.332 1,923.415
202406 2,022.713 314.175 2,150.041
202409 2,280.617 315.301 2,415.522
202412 2,500.876 315.605 2,646.259
202503 2,750.074 319.799 2,871.781
202506 3,095.938 322.561 3,205.269
202509 3,492.775 324.800 3,591.192
202512 3,857.575 324.054 3,975.402
202603 3,849.629 330.213 3,893.218
202606 4,467.645 333.952 4,467.645

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.

Is Pampa Energia (BUE:PAMP) Overvalued in 2026?

Based on GuruFocus' analysis, Pampa Energia stock appears to be undervalued. The current stock price of ARS5,215.00 is trading 38.9% below its estimated GF Value™ of ARS8,539.08. GuruFocus considers Pampa Energia to be Significantly Undervalued.

Key valuation signals for BUE:PAMP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ARS8,539.08 vs. price of ARS5,215.00 (38.9% below fair value)
  • GF Score™: 83/100 with 7 warning signs

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


Pampa Energia Business Description

Other Exchanges PAM:USA9PAA:Germany
Address Maipu 1, Buenos Aires, ARG, C1084ABA
Pampa Energia SA and its subsidiaries are engaged in the Energy business, mainly in oil and gas production and power generation. The firm's operating business segments are Oil and Gas, Generation, Petrochemicals, Holding, Transportation, and Others. The company derives the maximum revenue from the oil and gas segment.
83GF Score

Get the complete analysis for BUE:PAMP

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

ARS5,215.00
Price
ARS8,539.08
GF Value