BWOFY (BW Offshore) Cyclically Adjusted PB Ratio: 0.93 (As of Jul. 15, 2026) — 210% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

BWOFY BW Offshore Ltd BWOFY
46 GF Score
Price $9.25
GF Value $4.98
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is BW Offshore Cyclically Adjusted PB Ratio?

BW Offshore BWOFY 46 Cyclically Adjusted PB Ratio is 0.93 as of Jul. 15, 2026, which is 210% above its 10-year median of 0.30. GuruFocus rates BWOFY with a GF Score™ of 46/100 and a GF Value™ of $4.98 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 773 Oil & Gas companies, BW Offshore ranks better than 64.42% on this metric.

As of today (2026-07-15), BW Offshore's current share price is $9.25. BW Offshore's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $9.94. BW Offshore's Cyclically Adjusted PB Ratio for today is 0.93.

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

BWOFY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.3   Max: 0.9
Current: 0.78

During the past 13 years, BW Offshore's highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.07. And the median was 0.30.

BWOFY's Cyclically Adjusted PB Ratio is ranked better than
64.42% of 773 companies
in the Oil & Gas industry
Industry Median: 1.18 vs BWOFY: 0.78

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.

BW Offshore's adjusted book value per share data of for the fiscal year that ended in Dec25 was $12.652. 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 $9.94 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


BW Offshore  (OTCPK:BWOFY) 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.


BW Offshore Cyclically Adjusted PB Ratio Related Terms


BW Offshore Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BW Offshore'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.

BW Offshore Cyclically Adjusted PB Ratio Chart

BW Offshore 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 0.28 0.27 0.28 0.43 0.77

BW Offshore Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.28 0.27 0.43 0.27 0.77

BWOFY vs SLB, BKR, HAL: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, BW Offshore'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.


BW Offshore Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


BWOFY
46GF Score
BW Offshore Ltd BWOFY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BW Offshore 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.

BW Offshore's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.25/9.94
=0.93

* 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.

BW Offshore's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, BW Offshore's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=12.652/324.0540*324.0540
=12.652

Current CPI (Dec25) = 324.0540.

BW Offshore Annual Data

Book Value per Share CPI Adj_Book
201612 9.950 241.432 13.355
201712 10.506 246.524 13.810
201812 10.766 251.233 13.887
201912 12.107 256.974 15.267
202012 8.258 260.474 10.274
202112 8.556 278.802 9.945
202212 10.381 296.797 11.334
202312 11.123 306.746 11.751
202412 12.054 315.605 12.377
202512 12.652 324.054 12.652

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 0.93 mean?
BW Offshore (BWOFY) has a Cyclically Adjusted PB Ratio of 0.93 as of Jul. 15, 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 BW Offshore and its competitors. This is 210% above median its historical median of 0.30. Over the past decade, BW Offshore's Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.90. According to the industry distribution chart, BW Offshore ranks #275 out of 773 companies in the Oil & Gas industry, placing it in the top 35.6%.
Is BW Offshore's Cyclically Adjusted PB Ratio too high?
BW Offshore's current Cyclically Adjusted PB Ratio of 0.93 is 210% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.90. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. BW Offshore's value of 0.93 is 21.2% below this industry median. Based on the distribution chart, BW Offshore ranks #275 out of 773 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, BW Offshore has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BW Offshore's Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, BW Offshore ranks #275 out of 773 companies for Cyclically Adjusted PB Ratio. This puts BW Offshore in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. BW Offshore's value of 0.93 is 21.2% below this benchmark. Historically, BW Offshore's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.90 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 1.18, BW Offshore 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 1.18, 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. BW Offshore's current Cyclically Adjusted PB Ratio of 0.93 is 21.2% 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 BW Offshore 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. BW Offshore's current Cyclically Adjusted PB Ratio is 0.93, which is 210% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BW Offshore stock overvalued right now?
Based on GuruFocus' analysis, BW Offshore (BWOFY) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.98, compared to a current price of $9.25 — trading 85.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 210% above median its 10-year median of 0.30 and 21.2% below the Oil & Gas industry median of 1.18. BW Offshore's overall GF Score™ is 46/100 with 4 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 BW Offshore (BWOFY), the current Cyclically Adjusted PB Ratio is 0.93 as of Jul. 15, 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 BW Offshore (BWOFY) Overvalued in 2026?

Based on GuruFocus' analysis, BW Offshore stock appears to be overvalued. The current stock price of $9.25 is trading 85.7% above its estimated GF Value™ of $4.98. GuruFocus considers BW Offshore to be Significantly Overvalued.

Key valuation signals for BWOFY:

  • Cyclically Adjusted PB Ratio: 0.93 (210% above median its 10-year median of 0.30)
  • GF Value™: $4.98 vs. price of $9.25 (85.7% above fair value)
  • GF Score™: 46/100 with 4 warning signs
  • Industry Position: 21.2% below the Oil & Gas median (#275 of 773)

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


BW Offshore Business Description

Industry EnergyOil & Gas
Address 22 Church Street, 4th Floor, Suite 400, Washington Mall Phase 2, Hamilton, BMU, HM1189
BW Offshore Ltd is a holding company. It is engaged in developing, owning, and operating oil and gas Floating Production, Storage, and Offloading vessels (FPSO) and Floating, Storage and Offloading (FSO) vessels. The company's main activities are engineering, procurement, construction, and installation, as well as lease and operation services for FPSOs. The operating segment of the company is FPSO and Floating Wind, of which the majority of its revenue is from the FPSO segment. Geographically, the company operates in Americas, Europe/Africa, Asia and the Pacific.
46GF Score

Get the complete analysis for BWOFY

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

$9.25
Price
$4.98
GF Value