Galp Energia SGPS (CHIX:GALPU) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

CHIX:GALPU Galp Energia SGPS SA CHIX:GALPU
75 GF Score
Price €21.45
GF Value €18.83
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Galp Energia SGPS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Galp Energia SGPS  (CHIX:GALPu) 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.


Galp Energia SGPS Cyclically Adjusted PB Ratio Related Terms


Galp Energia SGPS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Galp Energia SGPS'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.

Galp Energia SGPS Cyclically Adjusted PB Ratio Chart

Galp Energia SGPS 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 1.23 1.70 1.83 2.21 1.91

Galp Energia SGPS 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 2.08 2.10 1.93 2.80 2.42

CHIX:GALPU vs XOM, CVX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Integrated subindustry, Galp Energia SGPS'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.


Galp Energia SGPS Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


CHIX:GALPU
75GF Score
Galp Energia SGPS SA CHIX:GALPU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Galp Energia SGPS 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.

Galp Energia SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Galp Energia SGPS'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)
=7.68/128.0300*128.0300
=7.680

Current CPI (Jun. 2026) = 128.0300.

Galp Energia SGPS Quarterly Data

Book Value per Share CPI Adj_Book
201609 101.122 0.000
201612 7.890 100.998 10.002
201703 8.049 101.924 10.111
201706 7.377 102.240 9.238
201709 7.196 102.527 8.986
201712 6.969 102.479 8.707
201803 6.958 102.626 8.680
201806 7.227 103.790 8.915
201809 7.002 103.960 8.623
201812 7.292 103.159 9.050
201903 7.069 103.495 8.745
201906 7.015 104.192 8.620
201909 6.846 103.844 8.440
201912 6.822 103.592 8.431
202003 6.464 103.544 7.993
202006 5.645 104.323 6.928
202009 5.228 103.699 6.455
202012 4.944 103.354 6.124
202103 5.459 104.014 6.719
202106 5.095 104.852 6.221
202109 4.601 105.232 5.598
202112 4.786 106.191 5.770
202203 4.867 109.559 5.688
202206 5.889 114.003 6.614
202209 6.428 114.999 7.156
202212 6.276 116.377 6.904
202303 6.653 117.701 7.237
202306 6.545 117.872 7.109
202309 6.865 119.111 7.379
202312 6.893 118.032 7.477
202403 7.419 120.396 7.889
202406 7.414 121.165 7.834
202409 7.063 121.574 7.438
202412 7.515 121.585 7.913
202503 7.438 122.624 7.766
202506 6.917 124.042 7.139
202509 7.001 124.490 7.200
202512 7.059 124.240 7.274
202603 6.679 125.940 6.790
202606 7.680 128.030 7.680

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 Galp Energia SGPS (CHIX:GALPU) Overvalued in 2026?

Based on GuruFocus' analysis, Galp Energia SGPS stock appears to be overvalued. The current stock price of €21.45 is trading 13.9% above its estimated GF Value™ of €18.83. GuruFocus considers Galp Energia SGPS to be Modestly Overvalued.

Key valuation signals for CHIX:GALPU:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €18.83 vs. price of €21.45 (13.9% above fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Galp Energia SGPS Business Description

Industry EnergyOil & Gas
Address Avenida da India, Lisboa, PRT, 1349-065
Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables, and New Businesses. The Upstream segment involves, management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New Businesses segment represents Galp's presence in the renewable and new energies space.
75GF Score

Get the complete analysis for CHIX:GALPU

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

€21.45
Price
€18.83
GF Value