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Cheniere Energy Partners LPCQP +0.85%71 Cyclically Adjusted PB Ratio is 3,135.50 as of Jul. 16, 2026, which is 6087% above its 10-year median of 50.68. GuruFocus rates CQP with a GF Score™ of 71/100 and a GF Value™ of $62.22 (Fairly Valued). The stock has 11 warning signs investors should review. Among 773 Oil & Gas companies, Cheniere Energy Partners LP ranks worse than 100% on this metric.
The historical rank and industry rank for Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio or its related term are showing as below:
CQP'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 17.06 Med: 50.68 Max: 3345
Current: 2767.8
During the past years, Cheniere Energy Partners LP's highest Cyclically Adjusted PB Ratio was 3345.00. The lowest was 17.06. And the median was 50.68.
CQP's Cyclically Adjusted PB Ratio is ranked worse than 100% of 773
companies
in the Oil & Gas industry
Industry Median: 1.18
vs CQP: 2767.80
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.
Cheniere Energy Partners LP's adjusted book value per share data for the three months ended in Mar. 2026 was $0.161. 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 $0.02 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Cheniere Energy Partners LP (NYSE:CQP) 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.
Cheniere Energy Partners LP Cyclically Adjusted PB Ratio Related Terms
Cheniere Energy Partners LP Cyclically Adjusted PB Ratio Historical Data
* 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.
Cheniere Energy Partners LP Cyclically Adjusted PB Ratio Chart
CQP vs VG, WES, PAA: Cyclically Adjusted PB Ratio Comparison
For the Oil & Gas Midstream subindustry, Cheniere Energy 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.
Cheniere Energy Partners LP Cyclically Adjusted PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio falls into.
Cheniere Energy 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.
* 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.
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 3,135.50 mean?
Cheniere Energy Partners LP (CQP) has a Cyclically Adjusted PB Ratio of 3,135.50 as of Jul. 16, 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 Cheniere Energy Partners LP and its competitors. This is 6087% above median its historical median of 50.68. Over the past decade, Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio has ranged from 17.06 to 3,345.00. According to the industry distribution chart, Cheniere Energy Partners LP ranks #773 out of 773 companies in the Oil & Gas industry.
Is Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio too high?
Cheniere Energy Partners LP's current Cyclically Adjusted PB Ratio of 3,135.50 is 6087% above median its 10-year median of 50.68. Over the past 10 years, this metric has ranged from a low of 17.06 to a high of 3,345.00. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. Cheniere Energy Partners LP's value of 3,135.50 is 265620.3% above this industry median. Based on the distribution chart, Cheniere Energy Partners LP ranks #773 out of 773 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Cheniere Energy Partners LP has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio compare to VG and WES?
According to the Oil & Gas industry distribution chart, Cheniere Energy Partners LP ranks #773 out of 773 companies for Cyclically Adjusted PB Ratio. This places Cheniere Energy Partners LP in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Cheniere Energy Partners LP's value of 3,135.50 is 265620.3% above this benchmark. Historically, Cheniere Energy Partners LP's own Cyclically Adjusted PB Ratio has ranged from 17.06 to 3,345.00 over the past decade. While the company's 10-year median is 50.68 vs. the industry median of 1.18, Cheniere Energy Partners LP 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. Cheniere Energy Partners LP's current Cyclically Adjusted PB Ratio of 3,135.50 is 265620.3% 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 Cheniere Energy Partners LP 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. Cheniere Energy Partners LP's current Cyclically Adjusted PB Ratio is 3,135.50, which is 6087% above median its own 10-year median of 50.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheniere Energy Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Cheniere Energy Partners LP (CQP) is currently considered Fairly Valued. The stock's GF Value™ is $62.22, compared to a current price of $62.71 — trading 0.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3,135.50, which is 6087% above median its 10-year median of 50.68 and 265620.3% above the Oil & Gas industry median of 1.18. Cheniere Energy Partners LP's overall GF Score™ is 71/100 with 11 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 Cheniere Energy Partners LP (CQP), the current Cyclically Adjusted PB Ratio is 3,135.50 as of Jul. 16, 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 Cheniere Energy Partners LP (CQP) Overvalued in 2026?
Based on GuruFocus' analysis, Cheniere Energy Partners LP stock appears to be overvalued.
The current stock price of $62.71 is trading 0.8% above its estimated GF Value™ of $62.22.
GuruFocus considers Cheniere Energy Partners LP to be Fairly Valued.
Key valuation signals for CQP:
Cyclically Adjusted PB Ratio: 3,135.50 (6087% above median its 10-year median of 50.68)
GF Value™: $62.22 vs. price of $62.71 (0.8% above fair value)
Industry Position: 265620.3% above the Oil & Gas median (#773 of 773)
No single metric tells the full story. See the CQP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheniere Energy Partners is a liquified natural gas producer operating one facility in Sabine Pass, Louisiana. It generates most of its revenue through long-term contracts with customers on a fixed- and variable-fee payout structure. It also generates revenue by selling uncontracted LNG to customers on a short or one-time basis. The profit generated through those activities is split with parent and operator Cheniere Energy.
71GF Score
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