Tourmaline Oil (FRA:08T) Cyclically Adjusted PB Ratio: (As of Jul. 30, 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.

FRA:08T Tourmaline Oil Corp FRA:08T
87 GF Score
Price €39.61
GF Value €38.46
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Tourmaline Oil Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tourmaline Oil  (FRA:08T) 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.


Tourmaline Oil Cyclically Adjusted PB Ratio Related Terms


Tourmaline Oil Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tourmaline Oil'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.

Tourmaline Oil Cyclically Adjusted PB Ratio Chart

Tourmaline Oil 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 1.54 2.27 1.81 1.90 1.67

Tourmaline Oil 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 1.81 1.64 1.67 1.76 0.00

FRA:08T vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, Tourmaline Oil'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.


Tourmaline Oil Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:08T
87GF Score
Tourmaline Oil Corp FRA:08T
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tourmaline Oil 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.

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

For example, Tourmaline Oil'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)
=25.355/134.0005*134.0005
=25.355

Current CPI (Jun. 2026) = 134.0005.

Tourmaline Oil Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.944 101.765 20.995
201612 17.836 101.449 23.559
201703 17.820 102.634 23.266
201706 17.370 103.029 22.592
201709 17.881 103.345 23.185
201712 17.547 103.345 22.752
201803 16.893 105.004 21.558
201806 17.581 105.557 22.318
201809 17.816 105.636 22.600
201812 18.140 105.399 23.063
201903 18.516 106.979 23.193
201906 18.946 107.690 23.575
201909 19.490 107.611 24.269
201912 19.633 107.769 24.412
202003 18.480 107.927 22.944
202006 18.720 108.401 23.141
202009 18.285 108.164 22.653
202012 19.062 108.559 23.529
202103 20.301 110.298 24.664
202106 21.680 111.720 26.004
202109 21.632 112.905 25.674
202112 24.254 113.774 28.566
202203 24.638 117.646 28.063
202206 25.903 120.806 28.732
202209 32.538 120.648 36.139
202212 28.081 120.964 31.107
202303 26.571 122.702 29.018
202306 26.909 124.203 29.032
202309 26.523 125.230 28.380
202312 27.266 125.072 29.212
202403 27.101 126.258 28.763
202406 27.009 127.522 28.381
202409 26.653 127.285 28.059
202412 27.882 127.364 29.335
202503 26.656 129.181 27.651
202506 27.028 129.892 27.883
202509 26.061 130.287 26.804
202512 24.689 130.366 25.377
202603 25.925 132.262 26.266
202606 25.355 134.001 25.355

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 Tourmaline Oil (FRA:08T) Overvalued in 2026?

Based on GuruFocus' analysis, Tourmaline Oil stock appears to be overvalued. The current stock price of €39.61 is trading 3% above its estimated GF Value™ of €38.46. GuruFocus considers Tourmaline Oil to be Fairly Valued.

Key valuation signals for FRA:08T:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €38.46 vs. price of €39.61 (3% above fair value)
  • GF Score™: 87/100 with 7 warning signs

No single metric tells the full story. See the FRA:08T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tourmaline Oil Business Description

Industry EnergyOil & Gas
Address 250 - 6th Avenue SW, Suite 2900, Calgary, AB, CAN, T2P 3H7
Tourmaline Oil is a Canadian natural gas producer with an integrated midstream gathering and processing operation. Its primary product is natural gas, but also produces natural gas liquids, condensates, and oil. As a result of multiple acquisitions, it has become the largest natural gas producer in Canada.
87GF Score

Get the complete analysis for FRA:08T

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

€39.61
Price
€38.46
GF Value