Exmar NV (CHIX:EXMB) Cyclically Adjusted PB Ratio: 1.05 (As of Jul. 11, 2026) — 14% Above Median


CHIX:EXMB Exmar NV CHIX:EXMB
61 GF Score
Price €11.52
GF Value €7.09
! 9 Warning Signs
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What is Exmar NV Cyclically Adjusted PB Ratio?

Exmar NV CHIX:EXMB 61 Cyclically Adjusted PB Ratio is 1.05 as of Jul. 11, 2026, which is 14% above its 10-year median of 0.92. GuruFocus rates CHIX:EXMB with a GF Score™ of 61/100 and a GF Value™ of €7.09. The stock has 9 warning signs investors should review. Among 772 Oil & Gas companies, Exmar NV ranks better than 50.65% on this metric.

As of today (2026-07-11), Exmar NV's current share price is €11.52. Exmar NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €10.92. Exmar NV's Cyclically Adjusted PB Ratio for today is 1.05.

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

CHIX:EXMb' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.92   Max: 1.41
Current: 1.16

During the past 13 years, Exmar NV's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 0.30. And the median was 0.92.

CHIX:EXMb's Cyclically Adjusted PB Ratio is ranked better than
50.65% of 772 companies
in the Oil & Gas industry
Industry Median: 1.18 vs CHIX:EXMb: 1.16

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.

Exmar NV's adjusted book value per share data of for the fiscal year that ended in Dec25 was €5.898. 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 €10.92 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Exmar NV  (CHIX:EXMb) 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.


Exmar NV Cyclically Adjusted PB Ratio Related Terms


Exmar NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Exmar NV'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.

Exmar NV Cyclically Adjusted PB Ratio Chart

Exmar NV 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 0.58 0.89 0.84 1.20 1.06

Exmar NV 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 0.84 0.00 1.20 0.00 1.06

CHIX:EXMB vs SLB, BKR, HAL: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Exmar NV'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.


Exmar NV Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


CHIX:EXMB
61GF Score
Exmar NV CHIX:EXMB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Exmar NV 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.

Exmar NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.52/10.92
=1.05

* 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.

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

For example, Exmar NV'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)
=5.898/135.0710*135.0710
=5.898

Current CPI (Dec25) = 135.0710.

Exmar NV Annual Data

Book Value per Share CPI Adj_Book
201612 7.369 102.614 9.700
201712 7.075 104.804 9.118
201812 7.108 107.252 8.952
201912 7.057 108.065 8.821
202012 7.838 108.511 9.757
202112 8.293 114.705 9.765
202212 13.172 126.578 14.056
202312 7.681 128.292 8.087
202412 10.118 132.346 10.326
202512 5.898 135.071 5.898

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 1.05 mean?
Exmar NV (CHIX:EXMB) has a Cyclically Adjusted PB Ratio of 1.05 as of Jul. 11, 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 Exmar NV and its competitors. This is 14% above median its historical median of 0.92. Over the past decade, Exmar NV's Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.41. According to the industry distribution chart, Exmar NV ranks #381 out of 772 companies in the Oil & Gas industry, placing it in the top 49.4%.
Is Exmar NV's Cyclically Adjusted PB Ratio too high?
Exmar NV's current Cyclically Adjusted PB Ratio of 1.05 is 14% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.41. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. Exmar NV's value of 1.05 is 11% below this industry median. Based on the distribution chart, Exmar NV ranks #381 out of 772 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Exmar NV has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Exmar NV's Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Exmar NV ranks #381 out of 772 companies for Cyclically Adjusted PB Ratio. This puts Exmar NV in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Exmar NV's value of 1.05 is 11% below this benchmark. Historically, Exmar NV's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.41 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.18, Exmar NV 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 772 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. Exmar NV's current Cyclically Adjusted PB Ratio of 1.05 is 11% 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 Exmar NV 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. Exmar NV's current Cyclically Adjusted PB Ratio is 1.05, which is 14% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exmar NV stock overvalued right now?
Exmar NV (CHIX:EXMB) has a current Cyclically Adjusted PB Ratio of 1.05. The stock's GF Value™ is €7.09, compared to a current price of €11.52 — trading 62.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 14% above median its 10-year median of 0.92 and 11% below the Oil & Gas industry median of 1.18. Exmar NV's overall GF Score™ is 61/100 with 9 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 Exmar NV (CHIX:EXMB), the current Cyclically Adjusted PB Ratio is 1.05 as of Jul. 11, 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 Exmar NV (CHIX:EXMB) Overvalued in 2026?

Based on GuruFocus' analysis, Exmar NV stock appears to be overvalued. The current stock price of €11.52 is trading 62.5% above its estimated GF Value™ of €7.09.

Key valuation signals for CHIX:EXMB:

  • Cyclically Adjusted PB Ratio: 1.05 (14% above median its 10-year median of 0.92)
  • GF Value™: €7.09 vs. price of €11.52 (62.5% above fair value)
  • GF Score™: 61/100 with 9 warning signs
  • Industry Position: 11% below the Oil & Gas median (#381 of 772)

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


Exmar NV Business Description

Industry EnergyOil & Gas
Address De Gerlachekaai 20, Antwerpen, BEL, 2000
Exmar NV is a liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carrier. It provides industrial marine and energy logistical solutions for transport, regasification and liquefaction within the oil and gas industry. The company has three reportable segments: Shipping, Infrastructure, and Supporting Services. The activities in the shipping segment include the transportation of liquefied gas products such as Liquid Petroleum Gas, anhydrous ammonia, and petrochemical gases. The infrastructure segment includes LNG infrastructure and Offshore, and the segment supporting services include specialized supporting services such as ship management services and travel agency services. The majority of the revenue is generated from the Shipping segment.
61GF Score

Get the complete analysis for CHIX:EXMB

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

€11.52
Price
€7.09
GF Value