JX Energy (FRA:4X5) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:4X5 JX Energy Ltd FRA:4X5
28 GF Score
Price €0.04
GF Value €0.02
! 6 Warning Signs
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What is JX Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


JX Energy  (FRA:4X5) 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.


JX Energy Cyclically Adjusted PB Ratio Related Terms


JX Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JX 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.

JX Energy Cyclically Adjusted PB Ratio Chart

JX 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 0.00 0.00 0.48

JX 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 0.00 0.00 0.48 0.47 0.00

FRA:4X5 vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, JX 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.


JX Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:4X5
28GF Score
JX Energy Ltd FRA:4X5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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JX 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.

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

For example, JX 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)
=-0.021/133.5265*133.5265
=-0.021

Current CPI (Jun. 2026) = 133.5265.

JX Energy Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.166 99.947 0.222
201609 0.162 101.765 0.213
201612 0.174 101.449 0.229
201706 0.190 103.029 0.246
201709 0.000 103.345 0.000
201712 0.178 103.345 0.230
201803 0.000 105.004 0.000
201806 0.174 105.557 0.220
201809 0.173 105.636 0.219
201812 0.160 105.399 0.203
201903 0.157 106.979 0.196
201906 0.135 107.690 0.167
201909 0.132 107.611 0.164
201912 0.054 107.769 0.067
202003 0.044 107.927 0.054
202006 0.041 108.401 0.051
202009 0.033 108.164 0.041
202012 0.009 108.559 0.011
202103 0.004 110.298 0.005
202106 0.001 111.720 0.001
202109 0.004 112.905 0.005
202112 0.009 113.774 0.011
202203 0.014 117.646 0.016
202206 0.031 120.806 0.034
202209 0.032 120.648 0.035
202212 0.013 120.964 0.014
202303 0.010 122.702 0.011
202306 0.007 124.203 0.008
202309 0.006 125.230 0.006
202312 -0.008 125.072 -0.009
202403 -0.010 126.258 -0.011
202406 -0.012 127.522 -0.013
202409 -0.014 127.285 -0.015
202412 -0.028 127.364 -0.029
202503 -0.030 129.181 -0.031
202506 -0.036 129.892 -0.037
202509 -0.033 130.287 -0.034
202512 -0.039 130.366 -0.040
202603 -0.020 132.262 -0.020
202606 -0.021 133.527 -0.021

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 JX Energy (FRA:4X5) Overvalued in 2026?

Based on GuruFocus' analysis, JX Energy stock appears to be overvalued. The current stock price of €0.04 is trading 75% above its estimated GF Value™ of €0.02.

Key valuation signals for FRA:4X5:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.02 vs. price of €0.04 (75% above fair value)
  • GF Score™: 28/100 with 6 warning signs

No single metric tells the full story. See the FRA:4X5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JX Energy Business Description

Industry EnergyOil & Gas
Other Exchanges 03395:Hong Kong
Address 717 - 7th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0Z3
JX Energy Ltd is an exploration and development company pursuing petroleum and natural gas production in Alberta, Canada. It focuses on liquids-rich gas and light crude oil assets in Western Canada with two core areas comprising: Alberta Foothills, which includes natural gas properties in Basing and Voyager area, and Peace River, which includes light crude oil properties in the key areas of Dawson. JX Energy generates the majority of its revenue from the sale of natural gas, natural gas liquids, and condensate. The company has only one reportable operating segment, which is the oil and gas division, principally engaged in oil and gas production, development, exploration, and natural gas trading in western Canada.
28GF Score

Get the complete analysis for FRA:4X5

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

€0.04
Price
€0.02
GF Value