Tenaz Energy (FRA:7F4) Cyclically Adjusted PB Ratio: 13.53 (As of Jul. 26, 2026) — 2453% 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:7F4 Tenaz Energy Corp FRA:7F4
68 GF Score
Price €36.00
GF Value €43.52
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is Tenaz Energy Cyclically Adjusted PB Ratio?

Tenaz Energy FRA:7F4 -0.55% 68 Cyclically Adjusted PB Ratio is 13.53 as of Jul. 26, 2026, which is 2453% above its 10-year median of 0.53. GuruFocus rates FRA:7F4 with a GF Score™ of 68/100 and a GF Value™ of €43.52 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 766 Oil & Gas companies, Tenaz Energy ranks worse than 97.78% on this metric.

As of today (2026-07-26), Tenaz Energy's current share price is €36.00. Tenaz Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.66. Tenaz Energy's Cyclically Adjusted PB Ratio for today is 13.53.

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

FRA:7F4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.53   Max: 16.59
Current: 13

During the past years, Tenaz Energy's highest Cyclically Adjusted PB Ratio was 16.59. The lowest was 0.16. And the median was 0.53.

FRA:7F4's Cyclically Adjusted PB Ratio is ranked worse than
97.78% of 766 companies
in the Oil & Gas industry
Industry Median: 1.215 vs FRA:7F4: 13.00

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.

Tenaz Energy's adjusted book value per share data for the three months ended in Mar. 2026 was €6.411. 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 €2.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tenaz Energy  (FRA:7F4) 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.


Tenaz Energy Cyclically Adjusted PB Ratio Related Terms


Tenaz Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tenaz 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.

Tenaz Energy Cyclically Adjusted PB Ratio Chart

Tenaz 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 0.74 0.48 0.86 3.13 6.49

Tenaz 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 2.88 4.28 5.25 6.49 15.04

FRA:7F4 vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

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


Tenaz Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:7F4
68GF Score
Tenaz Energy Corp FRA:7F4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tenaz 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.00/2.66
=13.53

* 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.

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

For example, Tenaz 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)
=6.411/132.2623*132.2623
=6.411

Current CPI (Mar. 2026) = 132.2623.

Tenaz Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.197 102.002 2.849
201609 2.177 101.765 2.829
201612 2.310 101.449 3.012
201703 2.288 102.634 2.949
201706 2.244 103.029 2.881
201709 2.326 103.345 2.977
201712 2.208 103.345 2.826
201803 2.117 105.004 2.667
201806 2.375 105.557 2.976
201809 2.451 105.636 3.069
201812 2.395 105.399 3.005
201903 2.488 106.979 3.076
201906 2.577 107.690 3.165
201909 2.683 107.611 3.298
201912 2.701 107.769 3.315
202003 0.763 107.927 0.935
202006 0.705 108.401 0.860
202009 0.675 108.164 0.825
202012 1.491 108.559 1.817
202103 1.287 110.298 1.543
202106 1.294 111.720 1.532
202109 1.906 112.905 2.233
202112 1.588 113.774 1.846
202203 1.744 117.646 1.961
202206 1.824 120.806 1.997
202209 1.888 120.648 2.070
202212 1.765 120.964 1.930
202303 1.813 122.702 1.954
202306 1.843 124.203 1.963
202309 2.375 125.230 2.508
202312 2.458 125.072 2.599
202403 2.438 126.258 2.554
202406 2.429 127.522 2.519
202409 2.355 127.285 2.447
202412 2.237 127.364 2.323
202503 2.073 129.181 2.122
202506 6.352 129.892 6.468
202509 6.785 130.287 6.888
202512 8.531 130.366 8.655
202603 6.411 132.262 6.411

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 13.53 mean?
Tenaz Energy (FRA:7F4) has a Cyclically Adjusted PB Ratio of 13.53 as of Jul. 26, 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 Tenaz Energy and its competitors. This is 2453% above median its historical median of 0.53. Over the past decade, Tenaz Energy's Cyclically Adjusted PB Ratio has ranged from 0.16 to 16.59. According to the industry distribution chart, Tenaz Energy ranks #749 out of 766 companies in the Oil & Gas industry, placing it in the top 97.8%.
Is Tenaz Energy's Cyclically Adjusted PB Ratio too high?
Tenaz Energy's current Cyclically Adjusted PB Ratio of 13.53 is 2453% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 16.59. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.22. Tenaz Energy's value of 13.53 is 1013.6% above this industry median. Based on the distribution chart, Tenaz Energy ranks #749 out of 766 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Tenaz Energy has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tenaz Energy's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tenaz Energy ranks #749 out of 766 companies for Cyclically Adjusted PB Ratio. This places Tenaz Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.22. Tenaz Energy's value of 13.53 is 1013.6% above this benchmark. Historically, Tenaz Energy's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 16.59 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.22, Tenaz 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 1.22, based on 766 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. Tenaz Energy's current Cyclically Adjusted PB Ratio of 13.53 is 1013.6% 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 Tenaz Energy 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. Tenaz Energy's current Cyclically Adjusted PB Ratio is 13.53, which is 2453% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Tenaz Energy (FRA:7F4) is currently considered Modestly Undervalued. The stock's GF Value™ is €43.52, compared to a current price of €36.00 — trading 17.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.53, which is 2453% above median its 10-year median of 0.53 and 1013.6% above the Oil & Gas industry median of 1.22. Tenaz Energy's overall GF Score™ is 68/100 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 Tenaz Energy (FRA:7F4), the current Cyclically Adjusted PB Ratio is 13.53 as of Jul. 26, 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 Tenaz Energy (FRA:7F4) Overvalued in 2026?

Based on GuruFocus' analysis, Tenaz Energy stock appears to be undervalued. The current stock price of €36.00 is trading 17.3% below its estimated GF Value™ of €43.52. GuruFocus considers Tenaz Energy to be Modestly Undervalued.

Key valuation signals for FRA:7F4:

  • Cyclically Adjusted PB Ratio: 13.53 (2453% above median its 10-year median of 0.53)
  • GF Value™: €43.52 vs. price of €36.00 (17.3% below fair value)
  • GF Score™: 68/100 with 10 warning signs
  • Industry Position: 1013.6% above the Oil & Gas median (#749 of 766)

No single metric tells the full story. See the FRA:7F4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tenaz Energy Business Description

Industry EnergyOil & Gas
Other Exchanges ATUUF:USATNZ:Canada
Address 605 5th Avenue SW, Suite 700, Calgary, AB, CAN, T2P 3H5
Tenaz Energy Corp is an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. Tenaz has domestic operations in Canada along with offshore natural gas and midstream assets in the Netherlands. The group produces crude oil and natural gas from several formations within the Mannville Group at Leduc-Woodbend in central Alberta. It has two operating segments Canadian business unit and the Netherlands business unit, and it derives revenue from the sale of petroleum and natural gas products such as heavy crude oil, light crude and medium crude oil, natural gas, and natural gas liquids of which key revenue is derived from the sale of heavy crude oil.
68GF Score

Get the complete analysis for FRA:7F4

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

€36.00
Price
€43.52
GF Value