CAPL (CrossAmerica Partners LP) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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CAPL CrossAmerica Partners LP CAPL
66 GF Score
Price $21.94
GF Value $19.94
Valuation Fairly Valued
! 5 Warning Signs
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What is CrossAmerica Partners LP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CrossAmerica Partners LP  (NYSE:CAPL) 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.


CrossAmerica Partners LP Cyclically Adjusted PB Ratio Related Terms


CrossAmerica Partners LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CrossAmerica Partners LP'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.

CrossAmerica Partners LP Cyclically Adjusted PB Ratio Chart

CrossAmerica Partners LP 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 3.77 3.67 4.64 5.78 8.16

CrossAmerica Partners LP 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 5.74 6.34 6.95 7.73 9.32

CAPL vs APC, SGU, CLNE: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, CrossAmerica Partners LP'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.


CrossAmerica Partners LP Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


CAPL
66GF Score
CrossAmerica Partners LP CAPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CrossAmerica Partners LP 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.

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

For example, CrossAmerica Partners LP'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)
=-2.81/333.9520*333.9520
=-2.810

Current CPI (Jun. 2026) = 333.9520.

CrossAmerica Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.082 241.428 9.796
201612 6.586 241.432 9.110
201703 6.114 243.801 8.375
201706 5.424 244.955 7.395
201709 4.981 246.819 6.739
201712 5.014 246.524 6.792
201803 4.404 249.554 5.893
201806 3.765 251.989 4.990
201809 3.394 252.439 4.490
201812 3.221 251.233 4.282
201903 3.536 254.202 4.645
201906 3.010 256.143 3.924
201909 2.664 256.759 3.465
201912 2.273 256.974 2.954
202003 3.550 258.115 4.593
202006 3.130 257.797 4.055
202009 3.171 260.280 4.069
202012 2.896 260.474 3.713
202103 2.308 264.877 2.910
202106 1.905 271.696 2.342
202109 1.624 274.310 1.977
202112 1.492 278.802 1.787
202203 1.327 287.504 1.541
202206 1.216 296.311 1.370
202209 1.506 296.808 1.694
202212 1.396 296.797 1.571
202303 0.760 301.836 0.841
202306 0.747 305.109 0.818
202309 0.585 307.789 0.635
202312 0.079 306.746 0.086
202403 -0.795 312.332 -0.850
202406 -0.980 314.175 -1.042
202409 -1.552 315.301 -1.644
202412 -1.413 315.605 -1.495
202503 -2.257 319.799 -2.357
202506 -2.218 322.561 -2.296
202509 -2.406 324.800 -2.474
202512 -2.683 324.054 -2.765
202603 -2.868 330.213 -2.900
202606 -2.810 333.952 -2.810

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 CrossAmerica Partners LP (CAPL) Overvalued in 2026?

Based on GuruFocus' analysis, CrossAmerica Partners LP stock appears to be overvalued. The current stock price of $21.94 is trading 10% above its estimated GF Value™ of $19.94. GuruFocus considers CrossAmerica Partners LP to be Fairly Valued.

Key valuation signals for CAPL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $19.94 vs. price of $21.94 (10% above fair value)
  • GF Score™: 66/100 with 5 warning signs

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


CrossAmerica Partners LP Business Description

Industry EnergyOil & Gas
Address 645 Hamilton Street, Suite 400, Allentown, PA, USA, 18101
CrossAmerica Partners LP is engaged in the wholesale distribution of motor fuel and the ownership and leasing of real estate used in the retail distribution of motor fuel. The company operates through two business segments, namely Wholesale and Retail. The Wholesale segment is a key revenue driver and includes the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, DMS, Circle K, and through company-operated retail sites. The Retail segment includes the sale of convenience merchandise items, the retail sale of motor fuel at company-operated retail sites, and the retail sale of motor fuel at retail sites operated by commission agents.
66GF Score

Get the complete analysis for CAPL

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

$21.94
Price
$19.94
GF Value