FGPR (Ferrellgas Partners LP) Cyclically Adjusted PB Ratio: (As of Aug. 19, 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.

FGPR Ferrellgas Partners LP FGPR
39 GF Score
Price $22.11
GF Value $9.33
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ferrellgas Partners LP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrellgas Partners LP  (OTCPK:FGPR) 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.


Ferrellgas Partners LP Cyclically Adjusted PB Ratio Related Terms


Ferrellgas Partners LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ferrellgas 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.

Ferrellgas Partners LP Cyclically Adjusted PB Ratio Chart

Ferrellgas Partners LP Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Ferrellgas Partners LP Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 0.00 0.00 0.00

FGPR vs SGU, CLNE, BDCO: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Ferrellgas 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.


Ferrellgas Partners LP Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FGPR
39GF Score
Ferrellgas Partners LP FGPR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferrellgas 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.

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

For example, Ferrellgas Partners LP's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=-36/333.0200*333.0200
=-36.000

Current CPI (Apr. 2026) = 333.0200.

Ferrellgas Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201607 -132.052 240.628 -182.755
201610 -152.617 241.729 -210.254
201701 -142.692 242.839 -195.682
201704 -144.127 244.524 -196.288
201707 -155.121 244.786 -211.035
201710 -162.427 246.663 -219.293
201801 -165.772 247.867 -222.722
201804 -166.369 250.546 -221.134
201807 -211.565 252.006 -279.578
201810 -227.327 252.885 -299.363
201901 -221.528 251.712 -293.086
201904 -215.629 255.548 -280.999
201907 -232.860 256.571 -302.244
201910 -243.565 257.346 -315.187
202001 -234.033 257.971 -302.118
202004 -236.524 256.389 -307.218
202007 -247.024 259.101 -317.498
202010 -254.748 260.388 -325.807
202101 -235.759 261.582 -300.145
202104 -135.286 267.054 -168.703
202107 -26.594 273.003 -32.440
202110 -30.637 276.589 -36.888
202201 -129.062 281.148 -152.874
202204 -122.891 289.109 -141.556
202207 -37.167 296.276 -41.776
202210 -154.073 298.012 -172.172
202301 -140.584 299.170 -156.491
202304 -138.895 303.363 -152.473
202307 -39.014 305.691 -42.502
202310 -151.815 307.671 -164.323
202401 -136.084 308.417 -146.940
202404 -147.241 313.548 -156.385
202407 -47.197 314.540 -49.970
202410 -72.729 315.664 -76.728
202501 -58.765 317.671 -61.604
202504 -52.891 320.795 -54.907
202507 -59.968 323.048 -61.819
202510 -68.474 0.000
202601 -53.738 325.252 -55.021
202604 -36.000 333.020 -36.000

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 Ferrellgas Partners LP (FGPR) Overvalued in 2026?

Based on GuruFocus' analysis, Ferrellgas Partners LP stock appears to be overvalued. The current stock price of $22.11 is trading 137% above its estimated GF Value™ of $9.33. GuruFocus considers Ferrellgas Partners LP to be Significantly Overvalued.

Key valuation signals for FGPR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $9.33 vs. price of $22.11 (137% above fair value)
  • GF Score™: 39/100 with 7 warning signs

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


Ferrellgas Partners LP Business Description

Industry EnergyOil & Gas
Address One Liberty Plaza, Liberty, MO, USA, 64068
Ferrellgas Partners LP distributes propane and related equipment to a wide mix of customers, including residential, commercial, agricultural, wholesale, and portable tank exchange segments. The company provides propane delivery and tank exchange services under several brands and sells related appliances, parts, and fittings. Ferrellgas operates all over the United States, the District of Columbia, and Puerto Rico, with sales concentrated in various regions across the United States. The majority of its revenue comes from the sales of Propane and other gas liquids to End Users and Resellers.
39GF Score

Get the complete analysis for FGPR

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

$22.11
Price
$9.33
GF Value