Serica Energy (FRA:A3P) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:A3P Serica Energy PLC FRA:A3P
81 GF Score
Price €3.14
GF Value €3.26
Valuation Fairly Valued
! 8 Warning Signs
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What is Serica Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Serica Energy  (FRA:A3P) 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.


Serica Energy Cyclically Adjusted PB Ratio Related Terms


Serica Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Serica 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.

Serica Energy Cyclically Adjusted PB Ratio Chart

Serica 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 4.85 4.30 2.74 1.39 1.59

Serica Energy Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 1.65 1.43 1.46 1.62 1.95

FRA:A3P vs COP, EOG, OXY: Cyclically Adjusted PB Ratio Comparison

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


Serica Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:A3P
81GF Score
Serica Energy PLC FRA:A3P
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Serica 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.

Serica Energy's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Serica Energy's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.449/139.9000*139.9000
=1.449

Current CPI (Dec25) = 139.9000.

Serica Energy Annual Data

Book Value per Share CPI Adj_Book
201612 0.306 102.200 0.419
201712 0.323 105.000 0.430
201812 0.587 107.100 0.767
201912 0.874 108.500 1.127
202012 0.834 109.400 1.067
202112 1.207 114.700 1.472
202212 1.688 125.300 1.885
202312 1.932 130.500 2.071
202412 1.955 135.100 2.024
202512 1.449 139.900 1.449

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 Serica Energy (FRA:A3P) Overvalued in 2026?

Based on GuruFocus' analysis, Serica Energy stock appears to be undervalued. The current stock price of €3.14 is trading 3.6% below its estimated GF Value™ of €3.26. GuruFocus considers Serica Energy to be Fairly Valued.

Key valuation signals for FRA:A3P:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.26 vs. price of €3.14 (3.6% below fair value)
  • GF Score™: 81/100 with 8 warning signs

No single metric tells the full story. See the FRA:A3P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Serica Energy Business Description

Industry EnergyOil & Gas
Other Exchanges SQZZF:USASQZl:UKSQZ:UK
Address H1 Building, Hill of Rubislaw, Anderson Drive, Aberdeen, GBR, AB15 6BY
Serica Energy PLC is an independent upstream oil and gas company with operations centered on the UK North Sea with a range of exploration and production assets. The company operates the Bruce, Keith, and Rhum fields in the UK Northern North Sea. It also operates the Columbus Field, Triton FPSO, and the Mansell field as well as holding an interest in the Erskine field in the Central North Sea. It derives maximum revenue from sale of Gas.
81GF Score

Get the complete analysis for FRA:A3P

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

€3.14
Price
€3.26
GF Value