Expand Energy (FRA:CS1) Cyclically Adjusted PB Ratio: (As of Sep. 17, 2026)

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:CS1 Expand Energy Corp FRA:CS1
64 GF Score
Price €78.97
GF Value €101.18
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Expand Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Expand Energy  (FRA:CS1) 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.


Expand Energy Cyclically Adjusted PB Ratio Related Terms


Expand Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Expand 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.

Expand Energy Cyclically Adjusted PB Ratio Chart

Expand 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 0.05 0.12 0.21 0.00 0.00

Expand 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 0.00 0.00 0.00

FRA:CS1 vs TPL, PR, OVV: Cyclically Adjusted PB Ratio Comparison

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


Expand Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:CS1
64GF Score
Expand Energy Corp FRA:CS1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Expand 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.

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

For example, Expand 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)
=72.444/333.9520*333.9520
=72.444

Current CPI (Jun. 2026) = 333.9520.

Expand Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 -910.335 241.428 -1,259.209
201612 -630.042 241.432 -871.483
201703 -593.394 243.801 -812.815
201706 -455.985 244.955 -621.653
201709 -443.315 246.819 -599.816
201712 -375.373 246.524 -508.496
201803 -316.514 249.554 -423.558
201806 0.000 251.989 0.000
201809 -323.432 252.439 -427.869
201812 88.778 251.233 118.008
201903 269.921 254.202 354.602
201906 275.908 256.143 359.721
201909 292.240 256.759 380.100
201912 253.187 256.974 329.031
202003 -517.454 258.115 -669.488
202006 -529.740 257.797 -686.229
202009 -571.107 260.280 -732.758
202012 -582.603 260.474 -746.951
202103 33.727 264.877 42.522
202106 29.381 271.696 36.113
202109 26.670 274.310 32.469
202112 42.291 278.802 50.657
202203 38.079 287.504 44.231
202206 45.690 296.311 51.494
202209 53.396 296.808 60.078
202212 63.460 296.797 71.404
202303 70.622 301.836 78.136
202306 71.816 305.109 78.605
202309 73.929 307.789 80.213
202312 74.261 306.746 80.847
202403 75.526 312.332 80.754
202406 73.719 314.175 78.360
202409 67.566 315.301 71.563
202412 73.188 315.605 77.443
202503 67.016 319.799 69.982
202506 64.356 322.561 66.629
202509 64.862 324.800 66.690
202512 66.117 324.054 68.136
202603 70.658 330.213 71.458
202606 72.444 333.952 72.444

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 Expand Energy (FRA:CS1) Overvalued in 2026?

Based on GuruFocus' analysis, Expand Energy stock appears to be undervalued. The current stock price of €78.97 is trading 22% below its estimated GF Value™ of €101.18. GuruFocus considers Expand Energy to be Modestly Undervalued.

Key valuation signals for FRA:CS1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €101.18 vs. price of €78.97 (22% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the FRA:CS1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Expand Energy Business Description

Industry EnergyOil & Gas
Address 6100 North Western Avenue, Oklahoma City, OK, USA, 73118
Expand Energy is a North American natural gas producer in the Haynesville and Appalachian basins, formed by the combination of Chesapeake and Southwestern. Its largest operation by volume is the Haynesville basin in Louisiana, which is heavily exposed to nearby LNG production. Appalachia benefits from its proximity to population centers in the Northeast and mid-Atlantic regions.
64GF Score

Get the complete analysis for FRA:CS1

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

€78.97
Price
€101.18
GF Value