DINO (HF Sinclair) Cyclically Adjusted PB Ratio: (As of Aug. 03, 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.

DINO HF Sinclair Corp DINO
60 GF Score
Price $88.65
GF Value $52.25
Valuation Significantly Overvalued
! 5 Warning Signs
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What is HF Sinclair Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


HF Sinclair  (NYSE:DINO) 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.


HF Sinclair Cyclically Adjusted PB Ratio Related Terms


HF Sinclair Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HF Sinclair'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.

HF Sinclair Cyclically Adjusted PB Ratio Chart

HF Sinclair 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 0.94 1.37 1.38 0.82 1.03

HF Sinclair 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 0.93 1.18 1.03 1.36 0.00

DINO vs SUN, PBF, IEP: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, HF Sinclair'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.


HF Sinclair Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


DINO
60GF Score
HF Sinclair Corp DINO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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HF Sinclair 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.

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

For example, HF Sinclair'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)
=57.052/333.9520*333.9520
=57.052

Current CPI (Jun. 2026) = 333.9520.

HF Sinclair Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.412 241.428 36.534
201612 26.397 241.432 36.513
201703 25.899 243.801 35.476
201706 26.026 244.955 35.482
201709 27.352 246.819 37.008
201712 30.274 246.524 41.010
201803 31.573 249.554 42.251
201806 33.123 251.989 43.897
201809 34.463 252.439 45.591
201812 34.386 251.233 45.708
201903 35.511 254.202 46.652
201906 36.246 256.143 47.257
201909 37.193 256.759 48.375
201912 36.937 256.974 48.002
202003 34.557 258.115 44.710
202006 33.247 257.797 43.068
202009 32.936 260.280 42.259
202012 31.822 260.474 40.799
202103 32.376 264.877 40.819
202106 33.501 271.696 41.177
202109 35.243 274.310 42.906
202112 34.895 278.802 41.798
202203 36.358 287.504 42.232
202206 41.312 296.311 46.560
202209 44.702 296.808 50.296
202212 46.904 296.797 52.776
202303 48.208 301.836 53.337
202306 50.485 305.109 55.258
202309 54.268 307.789 58.881
202312 50.846 306.746 55.356
202403 51.778 312.332 55.362
202406 51.830 314.175 55.093
202409 51.042 315.301 54.061
202412 49.245 315.605 52.108
202503 48.761 319.799 50.919
202506 49.615 322.561 51.367
202509 51.265 324.800 52.710
202512 50.520 324.054 52.063
202603 53.608 330.213 54.215
202606 57.052 333.952 57.052

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 HF Sinclair (DINO) Overvalued in 2026?

Based on GuruFocus' analysis, HF Sinclair stock appears to be overvalued. The current stock price of $88.65 is trading 69.7% above its estimated GF Value™ of $52.25. GuruFocus considers HF Sinclair to be Significantly Overvalued.

Key valuation signals for DINO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $52.25 vs. price of $88.65 (69.7% above fair value)
  • GF Score™: 60/100 with 5 warning signs

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


HF Sinclair Business Description

Industry EnergyOil & Gas
Other Exchanges HL80:Germany
Address 2323 Victory Avenue, Suite 1400, Dallas, TX, USA, 75219
HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies, midcontinent, Southwest, and Pacific Northwest, with a total crude oil throughput capacity of 678,000 barrels per day. It can produce 380 million gallons of renewable diesel annually. It operates a marketing business with over 350 distributors and 1,700 branded wholesale sites across 30 states. It also owns and operates 4,500 miles of petroleum product pipelines and terminals principally in the Southwestern United States.
60GF Score

Get the complete analysis for DINO

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

$88.65
Price
$52.25
GF Value