Pampa Energia (BUE:PAMP) Cyclically Adjusted PB Ratio: 5.67 (As of Aug. 21, 2026) — 36% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BUE:PAMP Pampa Energia SA BUE:PAMP
85 GF Score
Price ARS5,030.00
GF Value ARS8,502.59
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Pampa Energia Cyclically Adjusted PB Ratio?

Pampa Energia BUE:PAMP +0.50% 85 Cyclically Adjusted PB Ratio is 5.67 as of Aug. 21, 2026, which is 36% below its 10-year median of 8.88. GuruFocus rates BUE:PAMP with a GF Score™ of 85/100 and a GF Value™ of ARS8,502.59 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 445 Conglomerates companies, Pampa Energia ranks worse than 93.03% on this metric.

As of today (2026-08-21), Pampa Energia's current share price is ARS5030.00. Pampa Energia's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS887.31. Pampa Energia's Cyclically Adjusted PB Ratio for today is 5.67.

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

BUE:PAMP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.39   Med: 8.88   Max: 23.45
Current: 5.67

During the past years, Pampa Energia's highest Cyclically Adjusted PB Ratio was 23.45. The lowest was 3.39. And the median was 8.88.

BUE:PAMP's Cyclically Adjusted PB Ratio is ranked worse than
93.03% of 445 companies
in the Conglomerates industry
Industry Median: 1.01 vs BUE:PAMP: 5.67

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.

Pampa Energia's adjusted book value per share data for the three months ended in Jun. 2026 was ARS4,451.034. 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 ARS887.31 for the trailing ten years ended in Jun. 2026.

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 5.52 8.35 17.87 12.92 7.99

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 7.05 6.54 7.99 6.78 5.77

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
85GF 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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5030.00/887.31
=5.67

* 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'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)
=4451.034/333.9520*333.9520
=4,451.034

Current CPI (Jun. 2026) = 333.9520.

Pampa Energia Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.444 241.428 4.764
201612 5.944 241.432 8.222
201703 6.969 243.801 9.546
201706 7.021 244.955 9.572
201709 7.714 246.819 10.437
201712 30.584 246.524 41.430
201803 10.867 249.554 14.542
201806 4.594 251.989 6.088
201809 0.357 252.439 0.472
201812 27.478 251.233 36.525
201903 30.426 254.202 39.971
201906 47.770 256.143 62.281
201909 61.106 256.759 79.477
201912 68.323 256.974 88.790
202003 72.122 258.115 93.312
202006 80.324 257.797 104.052
202009 94.617 260.280 121.398
202012 80.081 260.474 102.671
202103 92.040 264.877 116.042
202106 106.709 271.696 131.160
202109 121.308 274.310 147.683
202112 130.390 278.802 156.183
202203 149.206 287.504 173.311
202206 174.285 296.311 196.425
202209 220.913 296.808 248.559
202212 276.669 296.797 311.304
202303 348.829 301.836 385.945
202306 459.886 305.109 503.361
202309 709.859 307.789 770.199
202312 638.289 306.746 694.900
202403 1,763.175 312.332 1,885.224
202406 1,983.320 314.175 2,108.168
202409 2,238.991 315.301 2,371.434
202412 2,440.983 315.605 2,582.884
202503 2,742.057 319.799 2,863.409
202506 3,043.088 322.561 3,150.552
202509 3,428.888 324.800 3,525.505
202512 3,839.020 324.054 3,956.280
202603 3,885.368 330.213 3,929.362
202606 4,451.034 333.952 4,451.034

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 5.67 mean?
Pampa Energia (BUE:PAMP) has a Cyclically Adjusted PB Ratio of 5.67 as of Aug. 21, 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 Pampa Energia and its competitors. This is 36% below median its historical median of 8.88. Over the past decade, Pampa Energia's Cyclically Adjusted PB Ratio has ranged from 3.39 to 23.45. According to the industry distribution chart, Pampa Energia ranks #414 out of 445 companies in the Conglomerates industry, placing it in the top 93%.
Is Pampa Energia's Cyclically Adjusted PB Ratio too high?
Pampa Energia's current Cyclically Adjusted PB Ratio of 5.67 is 36% below median its 10-year median of 8.88. Over the past 10 years, this metric has ranged from a low of 3.39 to a high of 23.45. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Pampa Energia's value of 5.67 is 461.4% above this industry median. Based on the distribution chart, Pampa Energia ranks #414 out of 445 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Pampa Energia has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pampa Energia's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Pampa Energia ranks #414 out of 445 companies for Cyclically Adjusted PB Ratio. This places Pampa Energia in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Pampa Energia's value of 5.67 is 461.4% above this benchmark. Historically, Pampa Energia's own Cyclically Adjusted PB Ratio has ranged from 3.39 to 23.45 over the past decade. While the company's 10-year median is 8.88 vs. the industry median of 1.01, Pampa Energia 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 a Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 445 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. Pampa Energia's current Cyclically Adjusted PB Ratio of 5.67 is 461.4% 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 Pampa Energia and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pampa Energia's current Cyclically Adjusted PB Ratio is 5.67, which is 36% below median its own 10-year median of 8.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pampa Energia stock overvalued right now?
Based on GuruFocus' analysis, Pampa Energia (BUE:PAMP) is currently considered Possible Value Trap. The stock's GF Value™ is ARS8,502.59, compared to a current price of ARS5,030.00 — trading 40.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.67, which is 36% below median its 10-year median of 8.88 and 461.4% above the Conglomerates industry median of 1.01. Pampa Energia's overall GF Score™ is 85/100 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 Pampa Energia (BUE:PAMP), the current Cyclically Adjusted PB Ratio is 5.67 as of Aug. 21, 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 Pampa Energia (BUE:PAMP) Overvalued in 2026?

Based on GuruFocus' analysis, Pampa Energia stock appears to be undervalued. The current stock price of ARS5,030.00 is trading 40.8% below its estimated GF Value™ of ARS8,502.59. GuruFocus considers Pampa Energia to be Possible Value Trap.

Key valuation signals for BUE:PAMP:

  • Cyclically Adjusted PB Ratio: 5.67 (36% below median its 10-year median of 8.88)
  • GF Value™: ARS8,502.59 vs. price of ARS5,030.00 (40.8% below fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 461.4% above the Conglomerates median (#414 of 445)

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.
85GF 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.

ARS5,030.00
Price
ARS8,502.59
GF Value