YPF (BUE:YPFD) Cyclically Adjusted PB Ratio: 8.29 (As of Jul. 18, 2026) — 193% Above Median

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BUE:YPFD YPF SA BUE:YPFD
75 GF Score
Price ARS77,900.00
GF Value ARS68,757.04
Valuation Modestly Overvalued
! 7 Warning Signs
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What is YPF Cyclically Adjusted PB Ratio?

YPF BUE:YPFD +2.40% 75 Cyclically Adjusted PB Ratio is 8.29 as of Jul. 18, 2026, which is 193% above its 10-year median of 2.83. GuruFocus rates BUE:YPFD with a GF Score™ of 75/100 and a GF Value™ of ARS68,757.04 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 773 Oil & Gas companies, YPF ranks worse than 95.99% on this metric.

As of today (2026-07-18), YPF's current share price is ARS77900.00. YPF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ARS9,391.83. YPF's Cyclically Adjusted PB Ratio for today is 8.29.

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

BUE:YPFD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 2.83   Max: 13.52
Current: 8.1

During the past years, YPF's highest Cyclically Adjusted PB Ratio was 13.52. The lowest was 0.97. And the median was 2.83.

BUE:YPFD's Cyclically Adjusted PB Ratio is ranked worse than
95.99% of 773 companies
in the Oil & Gas industry
Industry Median: 1.18 vs BUE:YPFD: 8.10

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.

YPF's adjusted book value per share data for the three months ended in Mar. 2026 was ARS40,499.511. 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 ARS9,391.83 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


YPF  (BUE:YPFD) 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.


YPF Cyclically Adjusted PB Ratio Related Terms


YPF Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for YPF'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.

YPF Cyclically Adjusted PB Ratio Chart

YPF 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 1.11 2.97 9.02 11.24 6.63

YPF 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 8.68 6.10 5.15 6.63 7.19

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

For the Oil & Gas Integrated subindustry, YPF'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.


YPF Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


BUE:YPFD
75GF Score
YPF SA BUE:YPFD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

YPF 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=77900.00/9391.83
=8.29

* 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.

YPF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, YPF'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)
=40499.511/330.2130*330.2130
=40,499.511

Current CPI (Mar. 2026) = 330.2130.

YPF Quarterly Data

Book Value per Share CPI Adj_Book
201606 331.306 241.018 453.914
201609 276.914 241.428 378.749
201612 298.147 241.432 407.784
201703 292.606 243.801 396.316
201706 315.609 244.955 425.459
201709 328.754 246.819 439.832
201712 384.551 246.524 515.097
201803 435.308 249.554 576.005
201806 533.001 251.989 698.459
201809 823.002 252.439 1,076.561
201812 913.416 251.233 1,200.566
201903 933.140 254.202 1,212.166
201906 1,060.880 256.143 1,367.659
201909 1,300.001 256.759 1,671.907
201912 1,376.645 256.974 1,768.996
202003 1,450.426 258.115 1,855.566
202006 1,392.091 257.797 1,783.134
202009 1,420.352 260.280 1,801.977
202012 1,667.066 260.474 2,113.404
202103 1,843.694 264.877 2,298.470
202106 1,837.198 271.696 2,232.888
202109 1,960.590 274.310 2,360.148
202112 2,101.385 278.802 2,488.880
202203 2,316.983 287.504 2,661.173
202206 2,848.742 296.311 3,174.677
202209 3,542.718 296.808 3,941.442
202212 4,456.026 296.797 4,957.724
202303 5,435.815 301.836 5,946.861
202306 6,804.250 305.109 7,364.095
202309 9,774.390 307.789 10,486.504
202312 8,213.786 306.746 8,842.166
202403 21,020.034 312.332 22,223.430
202406 23,719.833 314.175 24,930.683
202409 28,820.971 315.301 30,184.044
202412 29,921.513 315.605 31,306.451
202503 31,643.961 319.799 32,674.421
202506 35,298.872 322.561 36,136.255
202509 39,402.810 324.800 40,059.483
202512 39,999.903 324.054 40,760.145
202603 40,499.511 330.213 40,499.511

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 8.29 mean?
YPF (BUE:YPFD) has a Cyclically Adjusted PB Ratio of 8.29 as of Jul. 18, 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 YPF and its competitors. This is 193% above median its historical median of 2.83. Over the past decade, YPF's Cyclically Adjusted PB Ratio has ranged from 0.97 to 13.52. According to the industry distribution chart, YPF ranks #742 out of 773 companies in the Oil & Gas industry, placing it in the top 96%.
Is YPF's Cyclically Adjusted PB Ratio too high?
YPF's current Cyclically Adjusted PB Ratio of 8.29 is 193% above median its 10-year median of 2.83. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 13.52. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. YPF's value of 8.29 is 602.5% above this industry median. Based on the distribution chart, YPF ranks #742 out of 773 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, YPF has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does YPF's Cyclically Adjusted PB Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, YPF ranks #742 out of 773 companies for Cyclically Adjusted PB Ratio. This places YPF in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. YPF's value of 8.29 is 602.5% above this benchmark. Historically, YPF's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 13.52 over the past decade. While the company's 10-year median is 2.83 vs. the industry median of 1.18, YPF 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 an Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.18, 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. YPF's current Cyclically Adjusted PB Ratio of 8.29 is 602.5% 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 YPF 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. YPF's current Cyclically Adjusted PB Ratio is 8.29, which is 193% above median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YPF stock overvalued right now?
Based on GuruFocus' analysis, YPF (BUE:YPFD) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS68,757.04, compared to a current price of ARS77,900.00 — trading 13.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.29, which is 193% above median its 10-year median of 2.83 and 602.5% above the Oil & Gas industry median of 1.18. YPF's overall GF Score™ is 75/100 with 7 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 YPF (BUE:YPFD), the current Cyclically Adjusted PB Ratio is 8.29 as of Jul. 18, 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 YPF (BUE:YPFD) Overvalued in 2026?

Based on GuruFocus' analysis, YPF stock appears to be overvalued. The current stock price of ARS77,900.00 is trading 13.3% above its estimated GF Value™ of ARS68,757.04. GuruFocus considers YPF to be Modestly Overvalued.

Key valuation signals for BUE:YPFD:

  • Cyclically Adjusted PB Ratio: 8.29 (193% above median its 10-year median of 2.83)
  • GF Value™: ARS68,757.04 vs. price of ARS77,900.00 (13.3% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 602.5% above the Oil & Gas median (#742 of 773)

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


YPF Business Description

Industry EnergyOil & Gas
Address Macacha Guemes 515, Buenos Aires, ARG, C1106BKK
YPF SA is an Argentina-based integrated oil and gas company. The company operates through four business segments: Upstream, Midstream and Downstream, LNG and Integrated Gas, and New Energies. The Upstream segment focuses on the exploration and production of crude oil and natural gas. The Midstream and Downstream segment includes refining, transportation, and commercialization of crude oil, refined, and petrochemical products. The LNG and Integrated Gas segment is involved in natural gas transportation, processing, storage, and commercialization. The New Energies segment focuses on energy transition initiatives, including natural gas distribution, power generation, renewable energy, and related technology development. It generates majority of revenue from Midstream and Downstream segment.
75GF Score

Get the complete analysis for BUE:YPFD

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

ARS77,900.00
Price
ARS68,757.04
GF Value