New Zealand Energy (FRA:0ZE) Cyclically Adjusted PB Ratio: (As of Aug. 31, 2026)

Author: Vera Yuan Vera Yuan
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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.

FRA:0ZE New Zealand Energy Corp FRA:0ZE
20 GF Score
Price €0.20
GF Value €0.03
Valuation Significantly Overvalued
! 5 Warning Signs
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What is New Zealand Energy Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


New Zealand Energy  (FRA:0ZE) 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.


New Zealand Energy Cyclically Adjusted PB Ratio Related Terms


New Zealand Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for New Zealand Energy'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.

New Zealand Energy Cyclically Adjusted PB Ratio Chart

New Zealand Energy 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 0.05 0.03 0.09 0.30 0.10

New Zealand Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.09 0.08 0.13 0.10 0.21

FRA:0ZE vs COP, EOG, OXY: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, New Zealand Energy'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.


New Zealand Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where New Zealand Energy's Cyclically Adjusted PB Ratio falls into.


FRA:0ZE
20GF Score
New Zealand Energy Corp FRA:0ZE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

New Zealand Energy 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.

New Zealand Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, New Zealand Energy's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.03/136.8867*136.8867
=0.030

Current CPI (Mar. 2026) = 136.8867.

New Zealand Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.095 100.480 5.579
201609 3.844 100.813 5.219
201612 3.248 101.230 4.392
201703 3.002 102.231 4.020
201706 2.773 102.231 3.713
201709 2.584 102.731 3.443
201712 1.635 102.844 2.176
201803 1.472 103.355 1.950
201806 1.674 103.764 2.208
201809 1.618 104.684 2.116
201812 1.602 104.786 2.093
201903 1.349 104.889 1.761
201906 1.153 105.502 1.496
201909 1.069 106.218 1.378
201912 1.089 106.729 1.397
202003 0.608 107.547 0.774
202006 0.505 107.035 0.646
202009 0.484 107.751 0.615
202012 0.720 108.262 0.910
202103 0.646 109.182 0.810
202106 0.691 110.614 0.855
202109 0.571 113.067 0.691
202112 0.480 114.703 0.573
202203 0.467 116.747 0.548
202206 0.492 118.690 0.567
202209 0.400 121.245 0.452
202212 1.034 122.983 1.151
202303 0.882 124.517 0.970
202306 0.619 125.846 0.673
202309 0.500 128.095 0.534
202312 0.295 128.708 0.314
202403 0.219 129.526 0.231
202406 0.284 130.037 0.299
202409 0.240 130.855 0.251
202412 0.135 131.571 0.140
202503 0.099 132.798 0.102
202506 0.049 133.513 0.050
202509 0.089 134.842 0.090
202512 0.007 135.660 0.007
202603 0.030 136.887 0.030

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 New Zealand Energy (FRA:0ZE) Overvalued in 2026?

Based on GuruFocus' analysis, New Zealand Energy stock appears to be overvalued. The current stock price of €0.20 is trading 550% above its estimated GF Value™ of €0.03. GuruFocus considers New Zealand Energy to be Significantly Overvalued.

Key valuation signals for FRA:0ZE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.03 vs. price of €0.20 (550% above fair value)
  • GF Score™: 20/100 with 5 warning signs

No single metric tells the full story. See the FRA:0ZE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


New Zealand Energy Business Description

Industry EnergyOil & Gas
Other Exchanges NZERF:USANZ:Canada
Address 11 Young Street, New Plymouth, NZL, 4312
New Zealand Energy Corp is engaged in the exploration and production of oil and natural gas, as well as the operation of midstream assets. The company conducts its business as a single operating segment being the acquisition, exploration, development, and production of conventional oil and natural gas resources. Geographically, it operates through the region of New Zealand. It generates a majority of its revenues from Oil sales.
20GF Score

Get the complete analysis for FRA:0ZE

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

€0.20
Price
€0.03
GF Value