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Reconnaissance Energy AfricaFRA:0XD +8.25%29 Cyclically Adjusted PB Ratio is 2.14 as of Aug. 05, 2026, which is 65% below its 10-year median of 6.03. GuruFocus rates FRA:0XD with a GF Score™ of 29/100 and a GF Value™ of €0.15 (Significantly Overvalued). Among 763 Oil & Gas companies, Reconnaissance Energy Africa ranks worse than 75.75% on this metric.
The historical rank and industry rank for Reconnaissance Energy Africa's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:0XD'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.08 Med: 6.03 Max: 58.42
Current: 2.38
During the past years, Reconnaissance Energy Africa's highest Cyclically Adjusted PB Ratio was 58.42. The lowest was 2.08. And the median was 6.03.
FRA:0XD's Cyclically Adjusted PB Ratio is ranked worse than 75.75% of 763
companies
in the Oil & Gas industry
Industry Median: 1.2
vs FRA:0XD: 2.38
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.
Reconnaissance Energy Africa's adjusted book value per share data for the three months ended in Mar. 2026 was €0.405. 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 €0.23 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Reconnaissance Energy Africa (FRA:0XD) 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.
Reconnaissance Energy Africa Cyclically Adjusted PB Ratio Related Terms
Reconnaissance Energy Africa Cyclically Adjusted PB Ratio Historical Data
* 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.
Reconnaissance Energy Africa Cyclically Adjusted PB Ratio Chart
FRA:0XD vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison
For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.
Reconnaissance Energy Africa Cyclically Adjusted PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reconnaissance Energy Africa's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Reconnaissance Energy Africa's Cyclically Adjusted PB Ratio falls into.
Reconnaissance Energy Africa 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.
* 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.
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 2.14 mean?
Reconnaissance Energy Africa (FRA:0XD) has a Cyclically Adjusted PB Ratio of 2.14 as of Aug. 05, 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 Reconnaissance Energy Africa and its competitors. This is 65% below median its historical median of 6.03. Over the past decade, Reconnaissance Energy Africa's Cyclically Adjusted PB Ratio has ranged from 2.08 to 58.42. According to the industry distribution chart, Reconnaissance Energy Africa ranks #578 out of 763 companies in the Oil & Gas industry, placing it in the top 75.8%.
Is Reconnaissance Energy Africa's Cyclically Adjusted PB Ratio too high?
Reconnaissance Energy Africa's current Cyclically Adjusted PB Ratio of 2.14 is 65% below median its 10-year median of 6.03. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 58.42. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Reconnaissance Energy Africa's value of 2.14 is 78.3% above this industry median. Based on the distribution chart, Reconnaissance Energy Africa ranks #578 out of 763 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Reconnaissance Energy Africa has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reconnaissance Energy Africa's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Reconnaissance Energy Africa ranks #578 out of 763 companies for Cyclically Adjusted PB Ratio. This places Reconnaissance Energy Africa in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Reconnaissance Energy Africa's value of 2.14 is 78.3% above this benchmark. Historically, Reconnaissance Energy Africa's own Cyclically Adjusted PB Ratio has ranged from 2.08 to 58.42 over the past decade. While the company's 10-year median is 6.03 vs. the industry median of 1.20, Reconnaissance Energy Africa has consistently been above 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 1.20, based on 763 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. Reconnaissance Energy Africa's current Cyclically Adjusted PB Ratio of 2.14 is 78.3% above 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 Reconnaissance Energy Africa and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reconnaissance Energy Africa's current Cyclically Adjusted PB Ratio is 2.14, which is 65% below median its own 10-year median of 6.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reconnaissance Energy Africa stock overvalued right now?
Based on GuruFocus' analysis, Reconnaissance Energy Africa (FRA:0XD) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.15, compared to a current price of €0.49 — trading 228% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.14, which is 65% below median its 10-year median of 6.03 and 78.3% above the Oil & Gas industry median of 1.20. Reconnaissance Energy Africa's overall GF Score™ is 29/100. 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 Reconnaissance Energy Africa (FRA:0XD), the current Cyclically Adjusted PB Ratio is 2.14 as of Aug. 05, 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 Reconnaissance Energy Africa (FRA:0XD) Overvalued in 2026?
Based on GuruFocus' analysis, Reconnaissance Energy Africa stock appears to be overvalued.
The current stock price of €0.49 is trading 228% above its estimated GF Value™ of €0.15.
GuruFocus considers Reconnaissance Energy Africa to be Significantly Overvalued.
Key valuation signals for FRA:0XD:
Cyclically Adjusted PB Ratio: 2.14 (65% below median its 10-year median of 6.03)
GF Value™: €0.15 vs. price of €0.49 (228% above fair value)
Industry Position: 78.3% above the Oil & Gas median (#578 of 763)
No single metric tells the full story. See the FRA:0XD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reconnaissance Energy Africa Ltd is a junior oil and natural gas company with a focus on exploration and development in Namibia, Botswana, Gabon and Angola. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; and the corporate segment. The corporate segment majorly aggregates costs incurred at the Company's head office in Vancouver and the operations office in Calgary.
29GF Score
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