Navigator Holdings (FRA:1NV) Cyclically Adjusted PB Ratio: 1.02 (As of Aug. 31, 2026) — 44% Above Median

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:1NV Navigator Holdings Ltd FRA:1NV
76 GF Score
Price €18.76
GF Value €17.74
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Navigator Holdings Cyclically Adjusted PB Ratio?

Navigator Holdings FRA:1NV +2.29% 76 Cyclically Adjusted PB Ratio is 1.02 as of Aug. 31, 2026, which is 44% above its 10-year median of 0.71. GuruFocus rates FRA:1NV with a GF Score™ of 76/100 and a GF Value™ of €17.74 (Fairly Valued). The stock has 4 warning signs investors should review. Among 753 Oil & Gas companies, Navigator Holdings ranks better than 55.64% on this metric.

As of today (2026-08-31), Navigator Holdings's current share price is €18.76. Navigator Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €18.40. Navigator Holdings's Cyclically Adjusted PB Ratio for today is 1.02.

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

FRA:1NV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.71   Max: 1.17
Current: 1.08

During the past years, Navigator Holdings's highest Cyclically Adjusted PB Ratio was 1.17. The lowest was 0.27. And the median was 0.71.

FRA:1NV's Cyclically Adjusted PB Ratio is ranked better than
55.64% of 753 companies
in the Oil & Gas industry
Industry Median: 1.22 vs FRA:1NV: 1.08

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.

Navigator Holdings's adjusted book value per share data for the three months ended in Jun. 2026 was €17.485. 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 €18.40 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Navigator Holdings  (FRA:1NV) 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.


Navigator Holdings Cyclically Adjusted PB Ratio Related Terms


Navigator Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Navigator Holdings'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.

Navigator Holdings Cyclically Adjusted PB Ratio Chart

Navigator Holdings 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 0.52 0.64 0.75 0.77 0.85

Navigator Holdings 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 0.70 0.76 0.85 0.95 0.91

FRA:1NV vs TEN, NAT, EE: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Midstream subindustry, Navigator Holdings'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.


Navigator Holdings Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:1NV
76GF Score
Navigator Holdings Ltd FRA:1NV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Navigator Holdings 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.

Navigator Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.76/18.40
=1.02

* 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.

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

For example, Navigator Holdings'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)
=17.485/142.3000*142.3000
=17.485

Current CPI (Jun. 2026) = 142.3000.

Navigator Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.242 101.500 21.369
201612 16.357 102.200 22.775
201703 16.158 102.700 22.388
201706 15.424 103.500 21.206
201709 14.531 104.300 19.825
201712 14.657 105.000 19.864
201803 14.002 105.100 18.958
201806 14.730 105.900 19.793
201809 14.763 106.600 19.707
201812 15.084 107.100 20.042
201903 15.091 107.000 20.070
201906 14.975 107.900 19.749
201909 15.324 108.400 20.116
201912 15.151 108.500 19.871
202003 15.083 108.600 19.763
202006 14.851 108.800 19.424
202009 14.225 109.200 18.537
202012 13.832 109.400 17.992
202103 14.163 109.700 18.372
202106 14.002 111.400 17.886
202109 12.725 112.400 16.110
202112 12.772 114.700 15.845
202203 13.410 116.500 16.380
202206 14.143 120.500 16.702
202209 15.133 122.300 17.608
202212 14.288 125.300 16.227
202303 14.425 126.800 16.188
202306 14.616 129.400 16.073
202309 15.048 130.100 16.459
202312 14.909 130.500 16.257
202403 15.244 131.600 16.483
202406 15.689 133.000 16.786
202409 15.410 133.500 16.426
202412 16.589 135.100 17.473
202503 16.398 136.100 17.145
202506 15.701 138.400 16.143
202509 15.874 138.900 16.263
202512 16.057 139.900 16.332
202603 16.766 140.800 16.945
202606 17.485 142.300 17.485

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 1.02 mean?
Navigator Holdings (FRA:1NV) has a Cyclically Adjusted PB Ratio of 1.02 as of Aug. 31, 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 Navigator Holdings and its competitors. This is 44% above median its historical median of 0.71. Over the past decade, Navigator Holdings' Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.17. According to the industry distribution chart, Navigator Holdings ranks #334 out of 753 companies in the Oil & Gas industry, placing it in the top 44.4%.
Is Navigator Holdings' Cyclically Adjusted PB Ratio too high?
Navigator Holdings' current Cyclically Adjusted PB Ratio of 1.02 is 44% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.17. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.22. Navigator Holdings' value of 1.02 is 16.4% below this industry median. Based on the distribution chart, Navigator Holdings ranks #334 out of 753 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Navigator Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Navigator Holdings' Cyclically Adjusted PB Ratio compare to TEN and NAT?
According to the Oil & Gas industry distribution chart, Navigator Holdings ranks #334 out of 753 companies for Cyclically Adjusted PB Ratio. This puts Navigator Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.22. Navigator Holdings' value of 1.02 is 16.4% below this benchmark. Historically, Navigator Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.17 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.22, Navigator Holdings has consistently been below 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 1.22, based on 753 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. Navigator Holdings's current Cyclically Adjusted PB Ratio of 1.02 is 16.4% below 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 Navigator Holdings and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Navigator Holdings's current Cyclically Adjusted PB Ratio is 1.02, which is 44% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navigator Holdings stock overvalued right now?
Based on GuruFocus' analysis, Navigator Holdings (FRA:1NV) is currently considered Fairly Valued. The stock's GF Value™ is €17.74, compared to a current price of €18.76 — trading 5.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.02, which is 44% above median its 10-year median of 0.71 and 16.4% below the Oil & Gas industry median of 1.22. Navigator Holdings' overall GF Score™ is 76/100 with 4 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 Navigator Holdings (FRA:1NV), the current Cyclically Adjusted PB Ratio is 1.02 as of Aug. 31, 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 Navigator Holdings (FRA:1NV) Overvalued in 2026?

Based on GuruFocus' analysis, Navigator Holdings stock appears to be overvalued. The current stock price of €18.76 is trading 5.7% above its estimated GF Value™ of €17.74. GuruFocus considers Navigator Holdings to be Fairly Valued.

Key valuation signals for FRA:1NV:

  • Cyclically Adjusted PB Ratio: 1.02 (44% above median its 10-year median of 0.71)
  • GF Value™: €17.74 vs. price of €18.76 (5.7% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 16.4% below the Oil & Gas median (#334 of 753)

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


Navigator Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges NVGS:USA1NV:Germany
Address c/o NGT Services (UK) Ltd, 10 Bressenden Place, London, GBR, SW1E 5DH
Navigator Holdings Ltd owns and operates liquefied gas carriers, which include a fleet of handysize liquefied gas carriers. The company also owns a share in an ethylene export marine terminal at Morgan's Point, Texas on the Houston Ship Channel (the Ethylene Export Terminal) through a joint venture (the Export Terminal Joint Venture). The company plays a vital role in the globalised liquefied gas supply chain, providing gas transportation solutions for energy companies, industrial users, and commodity traders.
76GF Score

Get the complete analysis for FRA:1NV

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

€18.76
Price
€17.74
GF Value