DLNG (Dynagas LNG Partners LP) Cyclically Adjusted PB Ratio: 0.29 (As of Sep. 15, 2026) — Near Median

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.

DLNG Dynagas LNG Partners LP DLNG
65 GF Score
Price $3.79
GF Value $3.68
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Dynagas LNG Partners LP Cyclically Adjusted PB Ratio?

Dynagas LNG Partners LP DLNG -1.04% 65 Cyclically Adjusted PB Ratio is 0.29 as of Sep. 15, 2026, which is 7% above its 10-year median of 0.27. GuruFocus rates DLNG with a GF Scoreâ„¢ of 65/100 and a GF Valueâ„¢ of $3.68 (Fairly Valued). The stock has 3 warning signs investors should review. Among 754 Oil & Gas companies, Dynagas LNG Partners LP ranks better than 85.54% on this metric.

As of today (2026-09-15), Dynagas LNG Partners LP's current share price is $3.79. Dynagas LNG Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $12.88. Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio for today is 0.29.

The historical rank and industry rank for Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio or its related term are showing as below:

DLNG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.27   Max: 0.41
Current: 0.29

During the past years, Dynagas LNG Partners LP's highest Cyclically Adjusted PB Ratio was 0.41. The lowest was 0.18. And the median was 0.27.

DLNG's Cyclically Adjusted PB Ratio is ranked better than
85.54% of 754 companies
in the Oil & Gas industry
Industry Median: 1.265 vs DLNG: 0.29

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.

Dynagas LNG Partners LP's adjusted book value per share data for the three months ended in Jun. 2026 was $11.720. 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 $12.88 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dynagas LNG Partners LP  (NYSE:DLNG) 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.


Dynagas LNG Partners LP Cyclically Adjusted PB Ratio Related Terms


Dynagas LNG Partners LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dynagas LNG 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.

Dynagas LNG Partners LP Cyclically Adjusted PB Ratio Chart

Dynagas LNG Partners LP 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 0.41 0.33 0.35 0.66 0.44

Dynagas LNG Partners LP 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 0.41 0.40 0.43 0.48 0.38

DLNG vs MMLP, NFE, TORO: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Midstream subindustry, Dynagas LNG 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.


Dynagas LNG Partners LP Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


DLNG
65GF Score
Dynagas LNG Partners LP DLNG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dynagas LNG 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.

Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.79/12.88
=0.29

* 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.

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

For example, Dynagas LNG 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)
=11.72/126.7200*126.7200
=11.720

Current CPI (Jun. 2026) = 126.7200.

Dynagas LNG Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.589 99.878 12.166
201612 9.557 100.110 12.097
201703 8.194 100.770 10.304
201706 7.577 101.138 9.494
201709 7.219 100.882 9.068
201712 6.906 100.762 8.685
201803 6.572 100.534 8.284
201806 6.284 102.121 7.798
201809 5.967 101.982 7.414
201812 5.618 101.330 7.026
201903 5.527 101.482 6.902
201906 5.410 101.837 6.732
201909 5.195 101.906 6.460
201912 5.269 102.120 6.538
202003 5.384 101.479 6.723
202006 5.483 100.239 6.932
202009 5.672 99.886 7.196
202012 5.891 99.751 7.484
202103 6.214 99.817 7.889
202106 6.311 101.270 7.897
202109 6.541 102.095 8.119
202112 6.923 104.853 8.367
202203 7.493 108.651 8.739
202206 7.717 113.517 8.615
202209 7.839 114.371 8.685
202212 8.076 112.428 9.103
202303 8.258 113.620 9.210
202306 8.572 115.515 9.403
202309 8.531 116.234 9.301
202312 8.737 116.364 9.515
202403 8.967 117.285 9.688
202406 9.170 118.129 9.837
202409 9.491 119.650 10.052
202412 9.745 119.360 10.346
202503 9.985 120.133 10.533
202506 10.201 121.399 10.648
202509 10.631 121.950 11.047
202512 10.995 122.450 11.378
202603 11.377 124.820 11.550
202606 11.720 126.720 11.720

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 0.29 mean?
Dynagas LNG Partners LP (DLNG) has a Cyclically Adjusted PB Ratio of 0.29 as of Sep. 15, 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 Dynagas LNG Partners LP and its competitors. This is near median its historical median of 0.27. Over the past decade, Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.41. According to the industry distribution chart, Dynagas LNG Partners LP ranks #109 out of 754 companies in the Oil & Gas industry, placing it in the top 14.5%.
Is Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio too high?
Dynagas LNG Partners LP's current Cyclically Adjusted PB Ratio of 0.29 is near median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.41. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.27. Dynagas LNG Partners LP's value of 0.29 is 77.1% below this industry median. Based on the distribution chart, Dynagas LNG Partners LP ranks #109 out of 754 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Dynagas LNG Partners LP has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio compare to MMLP and NFE?
According to the Oil & Gas industry distribution chart, Dynagas LNG Partners LP ranks #109 out of 754 companies for Cyclically Adjusted PB Ratio. This places Dynagas LNG Partners LP in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. Dynagas LNG Partners LP's value of 0.29 is 77.1% below this benchmark. Historically, Dynagas LNG Partners LP's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.41 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.27, Dynagas LNG Partners LP 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 1.27, based on 754 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. Dynagas LNG Partners LP's current Cyclically Adjusted PB Ratio of 0.29 is 77.1% 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 Dynagas LNG Partners LP and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dynagas LNG Partners LP's current Cyclically Adjusted PB Ratio is 0.29, which is near median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dynagas LNG Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Dynagas LNG Partners LP (DLNG) is currently considered Fairly Valued. The stock's GF Value™ is $3.68, compared to a current price of $3.79 — trading 3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.29, which is near median its 10-year median of 0.27 and 77.1% below the Oil & Gas industry median of 1.27. Dynagas LNG Partners LP's overall GF Score™ is 65/100 with 3 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 Dynagas LNG Partners LP (DLNG), the current Cyclically Adjusted PB Ratio is 0.29 as of Sep. 15, 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 Dynagas LNG Partners LP (DLNG) Overvalued in 2026?

Based on GuruFocus' analysis, Dynagas LNG Partners LP stock appears to be overvalued. The current stock price of $3.79 is trading 3% above its estimated GF Value™ of $3.68. GuruFocus considers Dynagas LNG Partners LP to be Fairly Valued.

Key valuation signals for DLNG:

  • Cyclically Adjusted PB Ratio: 0.29 (near median its 10-year median of 0.27)
  • GF Value™: $3.68 vs. price of $3.79 (3% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 77.1% below the Oil & Gas median (#109 of 754)

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


Dynagas LNG Partners LP Business Description

Industry EnergyOil & Gas
Other Exchanges DLNGpA.PFD:USA
Address Poseidonos Avenue and Foivis 2 Street, 166 74 Glyfada, Athens, GRC, 98000
Dynagas LNG Partners LP is a limited partnership company focused on owning and operating high specification and versatile LNG carriers that are employed on multi-year contracts with international energy companies, providing the benefits of stable cash flows and high utilization rates. The company defines charters of two years or more as multi-year charters. Its current LNG Carrier fleet is optimized for trading flexibility. In addition to conventional trade, part of LNG Carrier fleet is assigned with Ice Class 1A FS notation and is winterized, which enables trade in subzero and ice bound conditions.
65GF Score

Get the complete analysis for DLNG

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

$3.79
Price
$3.68
GF Value