Murphy USA (FRA:1MU) Cyclically Adjusted PB Ratio: 17.65 (As of Jul. 29, 2026) — 46% Above Median

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FRA:1MU Murphy USA Inc FRA:1MU
76 GF Score
Price €531.00
GF Value €409.79
! 9 Warning Signs
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What is Murphy USA Cyclically Adjusted PB Ratio?

Murphy USA FRA:1MU -0.75% 76 Cyclically Adjusted PB Ratio is 17.65 as of Jul. 29, 2026, which is 46% above its 10-year median of 12.13. GuruFocus rates FRA:1MU with a GF Score™ of 76/100 and a GF Value™ of €409.79. The stock has 9 warning signs investors should review. Among 808 Retail - Cyclical companies, Murphy USA ranks worse than 96.91% on this metric.

As of today (2026-07-29), Murphy USA's current share price is €531.00. Murphy USA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €30.08. Murphy USA's Cyclically Adjusted PB Ratio for today is 17.65.

The historical rank and industry rank for Murphy USA's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:1MU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.7   Med: 12.13   Max: 18.1
Current: 17.5

During the past years, Murphy USA's highest Cyclically Adjusted PB Ratio was 18.10. The lowest was 6.70. And the median was 12.13.

FRA:1MU's Cyclically Adjusted PB Ratio is ranked worse than
96.91% of 808 companies
in the Retail - Cyclical industry
Industry Median: 1.235 vs FRA:1MU: 17.50

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.

Murphy USA's adjusted book value per share data for the three months ended in Mar. 2026 was €30.847. 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 €30.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Murphy USA  (FRA:1MU) 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.


Murphy USA Cyclically Adjusted PB Ratio Related Terms


Murphy USA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Murphy USA'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.

Murphy USA Cyclically Adjusted PB Ratio Chart

Murphy USA 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 8.03 10.39 12.27 15.79 12.04

Murphy USA 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 14.47 12.32 11.63 12.04 14.36

FRA:1MU vs FIVE, GME, TSCO: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Murphy USA'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.


Murphy USA Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:1MU
76GF Score
Murphy USA Inc FRA:1MU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Murphy USA 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.

Murphy USA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=531.00/30.08
=17.65

* 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.

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

For example, Murphy USA'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)
=30.847/330.2130*330.2130
=30.847

Current CPI (Mar. 2026) = 330.2130.

Murphy USA Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.224 241.018 23.598
201609 17.524 241.428 23.968
201612 17.891 241.432 24.470
201703 17.105 243.801 23.168
201706 16.803 244.955 22.651
201709 16.037 246.819 21.456
201712 18.302 246.524 24.515
201803 17.212 249.554 22.775
201806 18.258 251.989 23.926
201809 19.375 252.439 25.344
201812 21.996 251.233 28.911
201903 21.948 254.202 28.511
201906 22.597 256.143 29.131
201909 22.995 256.759 29.573
201912 23.726 256.974 30.488
202003 23.163 258.115 29.633
202006 27.938 257.797 35.786
202009 26.619 260.280 33.771
202012 23.653 260.474 29.986
202103 24.354 264.877 30.361
202106 24.340 271.696 29.582
202109 27.351 274.310 32.925
202112 28.649 278.802 33.932
202203 29.695 287.504 34.106
202206 30.897 296.311 34.432
202209 34.242 296.808 38.096
202212 27.808 296.797 30.939
202303 30.735 301.836 33.625
202306 32.303 305.109 34.961
202309 37.173 307.789 39.881
202312 36.478 306.746 39.269
202403 34.708 312.332 36.695
202406 36.780 314.175 38.658
202409 36.936 315.301 38.683
202412 40.083 315.605 41.938
202503 33.682 319.799 34.779
202506 29.036 322.561 29.725
202509 24.831 324.800 25.245
202512 28.680 324.054 29.225
202603 30.847 330.213 30.847

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 17.65 mean?
Murphy USA (FRA:1MU) has a Cyclically Adjusted PB Ratio of 17.65 as of Jul. 29, 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 Murphy USA and its competitors. This is 46% above median its historical median of 12.13. Over the past decade, Murphy USA's Cyclically Adjusted PB Ratio has ranged from 6.70 to 18.10. According to the industry distribution chart, Murphy USA ranks #783 out of 808 companies in the Retail - Cyclical industry, placing it in the top 96.9%.
Is Murphy USA's Cyclically Adjusted PB Ratio too high?
Murphy USA's current Cyclically Adjusted PB Ratio of 17.65 is 46% above median its 10-year median of 12.13. Over the past 10 years, this metric has ranged from a low of 6.70 to a high of 18.10. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Murphy USA's value of 17.65 is 1329.1% above this industry median. Based on the distribution chart, Murphy USA ranks #783 out of 808 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Murphy USA has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Murphy USA's Cyclically Adjusted PB Ratio compare to FIVE and GME?
According to the Retail - Cyclical industry distribution chart, Murphy USA ranks #783 out of 808 companies for Cyclically Adjusted PB Ratio. This places Murphy USA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Murphy USA's value of 17.65 is 1329.1% above this benchmark. Historically, Murphy USA's own Cyclically Adjusted PB Ratio has ranged from 6.70 to 18.10 over the past decade. While the company's 10-year median is 12.13 vs. the industry median of 1.24, Murphy USA 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 a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 808 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. Murphy USA's current Cyclically Adjusted PB Ratio of 17.65 is 1329.1% 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 Murphy USA and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Murphy USA's current Cyclically Adjusted PB Ratio is 17.65, which is 46% above median its own 10-year median of 12.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murphy USA stock overvalued right now?
Murphy USA (FRA:1MU) has a current Cyclically Adjusted PB Ratio of 17.65. The stock's GF Value™ is €409.79, compared to a current price of €531.00 — trading 29.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 17.65, which is 46% above median its 10-year median of 12.13 and 1329.1% above the Retail - Cyclical industry median of 1.24. Murphy USA's overall GF Score™ is 76/100 with 9 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 Murphy USA (FRA:1MU), the current Cyclically Adjusted PB Ratio is 17.65 as of Jul. 29, 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 Murphy USA (FRA:1MU) Overvalued in 2026?

Based on GuruFocus' analysis, Murphy USA stock appears to be overvalued. The current stock price of €531.00 is trading 29.6% above its estimated GF Value™ of €409.79.

Key valuation signals for FRA:1MU:

  • Cyclically Adjusted PB Ratio: 17.65 (46% above median its 10-year median of 12.13)
  • GF Value™: €409.79 vs. price of €531.00 (29.6% above fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 1329.1% above the Retail - Cyclical median (#783 of 808)

No single metric tells the full story. See the FRA:1MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Murphy USA Business Description

Other Exchanges MUSA:USAMUSA1:Mexico
Address 200 Peach Street, El Dorado, AR, USA, 71730-5836
Murphy USA Inc is mainly engaged in the marketing of retail motor fuel products and convenience merchandise through a network of several retail stores in the Southwest, Southeast, Midwest, and Northeast United States. The majority of Murphy USA's stores are located in proximity to Walmart Supercenters, but it also operates standalone stores that market gasoline and other products under the Murphy USA, Murphy Express, and QuickChek brands. In addition, the company also markets fuel to unbranded wholesale customers through a mixture of company-owned and third-party product distribution terminals and pipeline positions. The firm generates maximum revenue through retail sales of petroleum products, and the rest from merchandise sales and wholesale of petroleum products.
76GF Score

Get the complete analysis for FRA:1MU

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

€531.00
Price
€409.79
GF Value