Viper Energy (FRA:1XJ) Cyclically Adjusted PB Ratio: 3.01 (As of Aug. 19, 2026) — 11% Below Median

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FRA:1XJ Viper Energy Inc FRA:1XJ
94 GF Score
Price €36.80
GF Value €42.31
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Viper Energy Cyclically Adjusted PB Ratio?

Viper Energy FRA:1XJ +1.46% 94 Cyclically Adjusted PB Ratio is 3.01 as of Aug. 19, 2026, which is 11% below its 10-year median of 3.37. GuruFocus rates FRA:1XJ with a GF Score™ of 94/100 and a GF Value™ of €42.31 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 760 Oil & Gas companies, Viper Energy ranks worse than 81.71% on this metric.

As of today (2026-08-19), Viper Energy's current share price is €36.80. Viper Energy's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €12.21. Viper Energy's Cyclically Adjusted PB Ratio for today is 3.01.

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

FRA:1XJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.71   Med: 3.37   Max: 5.12
Current: 3.07

During the past years, Viper Energy's highest Cyclically Adjusted PB Ratio was 5.12. The lowest was 2.71. And the median was 3.37.

FRA:1XJ's Cyclically Adjusted PB Ratio is ranked worse than
81.71% of 760 companies
in the Oil & Gas industry
Industry Median: 1.2 vs FRA:1XJ: 3.07

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.

Viper Energy's adjusted book value per share data for the three months ended in Jun. 2026 was €12.270. 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 €12.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Viper Energy  (FRA:1XJ) 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.


Viper Energy Cyclically Adjusted PB Ratio Related Terms


Viper Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Viper 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.

Viper Energy Cyclically Adjusted PB Ratio Chart

Viper 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 0.00 0.00 3.03 4.37 2.94

Viper Energy 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 3.13 3.00 2.94 3.39 2.99

FRA:1XJ vs FRO, AM, PAGP: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Midstream subindustry, Viper 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.


Viper Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:1XJ
94GF Score
Viper Energy Inc FRA:1XJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viper 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.

Viper Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.80/12.21
=3.01

* 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.

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

For example, Viper Energy'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)
=12.27/333.9520*333.9520
=12.270

Current CPI (Jun. 2026) = 333.9520.

Viper Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.572 241.428 7.707
201612 5.916 241.432 8.183
201703 6.628 243.801 9.079
201706 6.264 244.955 8.540
201709 6.703 246.819 9.069
201712 6.781 246.524 9.186
201803 6.317 249.554 8.453
201806 8.025 251.989 10.635
201809 9.494 252.439 12.560
201812 9.225 251.233 12.262
201903 11.573 254.202 15.204
201906 11.275 256.143 14.700
201909 11.259 256.759 14.644
201912 12.359 256.974 16.061
202003 10.118 258.115 13.091
202006 9.558 257.797 12.381
202009 9.103 260.280 11.680
202012 7.701 260.474 9.873
202103 7.928 264.877 9.995
202106 7.671 271.696 9.429
202109 7.759 274.310 9.446
202112 9.181 278.802 10.997
202203 9.088 287.504 10.556
202206 9.162 296.311 10.326
202209 9.860 296.808 11.094
202212 8.903 296.797 10.018
202303 8.647 301.836 9.567
202306 8.645 305.109 9.462
202309 9.442 307.789 10.245
202312 10.797 306.746 11.755
202403 10.863 312.332 11.615
202406 11.074 314.175 11.771
202409 12.261 315.301 12.986
202412 15.645 315.605 16.554
202503 18.835 319.799 19.669
202506 22.623 322.561 23.422
202509 23.255 324.800 23.910
202512 22.221 324.054 22.900
202603 22.766 330.213 23.024
202606 12.270 333.952 12.270

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 3.01 mean?
Viper Energy (FRA:1XJ) has a Cyclically Adjusted PB Ratio of 3.01 as of Aug. 19, 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 Viper Energy and its competitors. This is 11% below median its historical median of 3.37. Over the past decade, Viper Energy's Cyclically Adjusted PB Ratio has ranged from 2.71 to 5.12. According to the industry distribution chart, Viper Energy ranks #621 out of 760 companies in the Oil & Gas industry, placing it in the top 81.7%.
Is Viper Energy's Cyclically Adjusted PB Ratio too high?
Viper Energy's current Cyclically Adjusted PB Ratio of 3.01 is 11% below median its 10-year median of 3.37. Over the past 10 years, this metric has ranged from a low of 2.71 to a high of 5.12. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Viper Energy's value of 3.01 is 150.8% above this industry median. Based on the distribution chart, Viper Energy ranks #621 out of 760 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Viper Energy has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viper Energy's Cyclically Adjusted PB Ratio compare to FRO and AM?
According to the Oil & Gas industry distribution chart, Viper Energy ranks #621 out of 760 companies for Cyclically Adjusted PB Ratio. This places Viper Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Viper Energy's value of 3.01 is 150.8% above this benchmark. Historically, Viper Energy's own Cyclically Adjusted PB Ratio has ranged from 2.71 to 5.12 over the past decade. While the company's 10-year median is 3.37 vs. the industry median of 1.20, Viper Energy 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 760 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. Viper Energy's current Cyclically Adjusted PB Ratio of 3.01 is 150.8% 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 Viper Energy 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. Viper Energy's current Cyclically Adjusted PB Ratio is 3.01, which is 11% below median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viper Energy stock overvalued right now?
Based on GuruFocus' analysis, Viper Energy (FRA:1XJ) is currently considered Modestly Undervalued. The stock's GF Value™ is €42.31, compared to a current price of €36.80 — trading 13% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.01, which is 11% below median its 10-year median of 3.37 and 150.8% above the Oil & Gas industry median of 1.20. Viper Energy's overall GF Score™ is 94/100 with 10 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 Viper Energy (FRA:1XJ), the current Cyclically Adjusted PB Ratio is 3.01 as of Aug. 19, 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 Viper Energy (FRA:1XJ) Overvalued in 2026?

Based on GuruFocus' analysis, Viper Energy stock appears to be undervalued. The current stock price of €36.80 is trading 13% below its estimated GF Value™ of €42.31. GuruFocus considers Viper Energy to be Modestly Undervalued.

Key valuation signals for FRA:1XJ:

  • Cyclically Adjusted PB Ratio: 3.01 (11% below median its 10-year median of 3.37)
  • GF Value™: €42.31 vs. price of €36.80 (13% below fair value)
  • GF Score™: 94/100 with 10 warning signs
  • Industry Position: 150.8% above the Oil & Gas median (#621 of 760)

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


Viper Energy Business Description

Industry EnergyOil & Gas
Other Exchanges VNOM:USA
Address 500 West Texas Avenue, Suite 100, Midland, TX, USA, 79701
Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties in the Permian Basin. The Permian Basin is known to have a number of zones of oil and natural gas-bearing rock throughout.
94GF Score

Get the complete analysis for FRA:1XJ

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

€36.80
Price
€42.31
GF Value