DKL (Delek Logistics Partners LP) Cyclically Adjusted PB Ratio: (As of Aug. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

DKL Delek Logistics Partners LP DKL
83 GF Score
Price $54.01
GF Value $46.85
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Delek Logistics Partners LP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Delek Logistics Partners LP  (NYSE:DKL) 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.


Delek Logistics Partners LP Cyclically Adjusted PB Ratio Related Terms


Delek Logistics Partners LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Delek Logistics 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.

Delek Logistics Partners LP Cyclically Adjusted PB Ratio Chart

Delek Logistics Partners LP Annual Data
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Cyclically Adjusted PB Ratio
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Delek Logistics Partners LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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DKL vs CVI, DK, PARR: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Delek Logistics 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.


Delek Logistics Partners LP Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


DKL
83GF Score
Delek Logistics Partners LP DKL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Delek Logistics 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.

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

For example, Delek Logistics 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)
=-1.303/333.9520*333.9520
=-1.303

Current CPI (Jun. 2026) = 333.9520.

Delek Logistics Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201609 -0.577 241.428 -0.798
201612 -0.546 241.432 -0.755
201703 -0.780 243.801 -1.068
201706 -0.865 244.955 -1.179
201709 -1.057 246.819 -1.430
201712 -1.199 246.524 -1.624
201803 -5.358 249.554 -7.170
201806 -5.286 251.989 -7.005
201809 -5.346 252.439 -7.072
201812 -5.525 251.233 -7.344
201903 -5.814 254.202 -7.638
201906 -5.910 256.143 -7.705
201909 -5.836 256.759 -7.591
201912 -6.187 256.974 -8.040
202003 -1.509 258.115 -1.952
202006 -2.661 257.797 -3.447
202009 -2.566 260.280 -3.292
202012 -2.493 260.474 -3.196
202103 -2.564 264.877 -3.233
202106 -2.482 271.696 -3.051
202109 -2.410 274.310 -2.934
202112 -2.392 278.802 -2.865
202203 -2.450 287.504 -2.846
202206 -2.678 296.311 -3.018
202209 -2.627 296.808 -2.956
202212 -2.541 296.797 -2.859
202303 -2.695 301.836 -2.982
202306 -2.971 305.109 -3.252
202309 -3.192 307.789 -3.463
202312 -3.712 306.746 -4.041
202403 -0.900 312.332 -0.962
202406 -1.086 314.175 -1.154
202409 -2.447 315.301 -2.592
202412 0.690 315.605 0.730
202503 1.823 319.799 1.904
202506 0.598 322.561 0.619
202509 0.327 324.800 0.336
202512 0.114 324.054 0.117
202603 -0.377 330.213 -0.381
202606 -1.303 333.952 -1.303

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 Delek Logistics Partners LP (DKL) Overvalued in 2026?

Based on GuruFocus' analysis, Delek Logistics Partners LP stock appears to be overvalued. The current stock price of $54.01 is trading 15.3% above its estimated GF Value™ of $46.85. GuruFocus considers Delek Logistics Partners LP to be Modestly Overvalued.

Key valuation signals for DKL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $46.85 vs. price of $54.01 (15.3% above fair value)
  • GF Score™: 83/100 with 11 warning signs

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


Delek Logistics Partners LP Business Description

Industry EnergyOil & Gas
Address 310 Seven Springs Way, Suite 500, Brentwood, TN, USA, 37027
Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil and intermediate and refined products. The company's segment includes gathering and processing; wholesale marketing and terminalling; storage and transportation and investment in pipeline joint ventures. It generates maximum revenue from the wholesale marketing and terminalling segment, which provides marketing services for the refined products output of the Delek Holdings' refineries, engages in wholesale activity at its terminals and terminals owned by third parties, whereby it purchases light product for sale and exchange to third parties, and provides terminalling services at its refined products terminals to independent third parties and Delek Holdings.
83GF Score

Get the complete analysis for DKL

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

$54.01
Price
$46.85
GF Value