Transportadora de Gas del Sur (BUE:TGSU2) 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:TGSU2 Transportadora de Gas del Sur SA BUE:TGSU2
96 GF Score
Price ARS9,055.00
GF Value ARS12,448.81
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Transportadora de Gas del Sur Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Transportadora de Gas del Sur  (BUE:TGSU2) 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.


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Related Terms


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Transportadora de Gas del Sur'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.

Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Chart

Transportadora de Gas del Sur 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 4.71 10.68 15.39 14.21 10.11

Transportadora de Gas del Sur 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 11.25 9.99 12.43 11.49 9.02

BUE:TGSU2 vs XOM, CVX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Integrated subindustry, Transportadora de Gas del Sur'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.


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio falls into.


BUE:TGSU2
96GF Score
Transportadora de Gas del Sur SA BUE:TGSU2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transportadora de Gas del Sur 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.

Transportadora de Gas del Sur's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Transportadora de Gas del Sur'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)
=5269.58/333.9520*333.9520
=5,269.580

Current CPI (Jun. 2026) = 333.9520.

Transportadora de Gas del Sur Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.502 241.428 3.461
201612 3.062 241.432 4.235
201703 3.868 243.801 5.298
201706 4.638 244.955 6.323
201709 5.266 246.819 7.125
201712 6.447 246.524 8.733
201803 8.550 249.554 11.442
201806 9.324 251.989 12.357
201809 5.361 252.439 7.092
201812 38.159 251.233 50.723
201903 45.230 254.202 59.420
201906 45.143 256.143 58.856
201909 50.306 256.759 65.430
201912 61.283 256.974 79.641
202003 72.787 258.115 94.173
202006 76.568 257.797 99.187
202009 83.356 260.280 106.950
202012 87.713 260.474 112.456
202103 104.267 264.877 131.458
202106 120.108 271.696 147.629
202109 137.217 274.310 167.051
202112 160.201 278.802 191.890
202203 208.388 287.504 242.054
202206 252.157 296.311 284.189
202209 296.581 296.808 333.697
202212 354.992 296.797 399.432
202303 439.663 301.836 486.444
202306 560.294 305.109 613.261
202309 761.883 307.789 826.645
202312 1,136.715 306.746 1,237.533
202403 1,797.811 312.332 1,922.258
202406 2,245.926 314.175 2,387.305
202409 2,585.473 315.301 2,738.411
202412 2,967.093 315.605 3,139.578
202503 3,363.957 319.799 3,512.832
202506 3,358.555 322.561 3,477.160
202509 3,505.137 324.800 3,603.902
202512 4,155.190 324.054 4,282.107
202603 4,760.061 330.213 4,813.959
202606 5,269.580 333.952 5,269.580

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 Transportadora de Gas del Sur (BUE:TGSU2) Overvalued in 2026?

Based on GuruFocus' analysis, Transportadora de Gas del Sur stock appears to be undervalued. The current stock price of ARS9,055.00 is trading 27.3% below its estimated GF Value™ of ARS12,448.81. GuruFocus considers Transportadora de Gas del Sur to be Modestly Undervalued.

Key valuation signals for BUE:TGSU2:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ARS12,448.81 vs. price of ARS9,055.00 (27.3% below fair value)
  • GF Score™: 96/100 with 5 warning signs

No single metric tells the full story. See the BUE:TGSU2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Transportadora de Gas del Sur Business Description

Industry EnergyOil & Gas
Address Cecilia Grierson 355, 26th Floor, Buenos Aires, ARG, C1107CBG
Transportadora de Gas del Sur SA is a natural gas transporter in Latin America. The company's operating segments include Natural Gas Transportation, Midstream, Telecommunications, and Liquids Production and Commercialization. It generates maximum revenue from the Natural Gas Transportation segment. Geographically, it derives the majority of its revenue from Argentina.
96GF Score

Get the complete analysis for BUE:TGSU2

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

ARS9,055.00
Price
ARS12,448.81
GF Value