IRPC PCL (FRA:NVPF) Cyclically Adjusted PB Ratio: 0.38 (As of Jul. 12, 2026) — 42% Below Median


FRA:NVPF IRPC PCL FRA:NVPF
61 GF Score
Price €0.05
GF Value €0.04
! 4 Warning Signs
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What is IRPC PCL Cyclically Adjusted PB Ratio?

IRPC PCL FRA:NVPF 61 Cyclically Adjusted PB Ratio is 0.38 as of Jul. 12, 2026, which is 42% below its 10-year median of 0.66. GuruFocus rates FRA:NVPF with a GF Score™ of 61/100 and a GF Value™ of €0.04. The stock has 4 warning signs investors should review. Among 772 Oil & Gas companies, IRPC PCL ranks better than 79.15% on this metric.

As of today (2026-07-12), IRPC PCL's current share price is €0.0455. IRPC PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.12. IRPC PCL's Cyclically Adjusted PB Ratio for today is 0.38.

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

FRA:NVPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.66   Max: 1.95
Current: 0.39

During the past years, IRPC PCL's highest Cyclically Adjusted PB Ratio was 1.95. The lowest was 0.15. And the median was 0.66.

FRA:NVPF's Cyclically Adjusted PB Ratio is ranked better than
79.15% of 772 companies
in the Oil & Gas industry
Industry Median: 1.18 vs FRA:NVPF: 0.39

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.

IRPC PCL's adjusted book value per share data for the three months ended in Mar. 2026 was €0.097. 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 €0.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IRPC PCL  (FRA:NVPF) 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.


IRPC PCL Cyclically Adjusted PB Ratio Related Terms


IRPC PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IRPC PCL'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.

IRPC PCL Cyclically Adjusted PB Ratio Chart

IRPC PCL 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 0.87 0.65 0.43 0.26 0.21

IRPC PCL 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 0.19 0.16 0.24 0.21 0.42

FRA:NVPF vs VLO, MPC, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, IRPC PCL'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.


IRPC PCL Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:NVPF
61GF Score
IRPC PCL FRA:NVPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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IRPC PCL 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.

IRPC PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0455/0.12
=0.38

* 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.

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

For example, IRPC PCL'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)
=0.097/330.2130*330.2130
=0.097

Current CPI (Mar. 2026) = 330.2130.

IRPC PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.096 241.018 0.132
201609 0.100 241.428 0.137
201612 0.105 241.432 0.144
201703 0.109 243.801 0.148
201706 0.103 244.955 0.139
201709 0.103 246.819 0.138
201712 0.111 246.524 0.149
201803 0.115 249.554 0.152
201806 0.114 251.989 0.149
201809 0.115 252.439 0.150
201812 0.115 251.233 0.151
201903 0.119 254.202 0.155
201906 0.120 256.143 0.155
201909 0.123 256.759 0.158
201912 0.122 256.974 0.157
202003 0.101 258.115 0.129
202006 0.101 257.797 0.129
202009 0.098 260.280 0.124
202012 0.101 260.474 0.128
202103 0.107 264.877 0.133
202106 0.109 271.696 0.132
202109 0.107 274.310 0.129
202112 0.113 278.802 0.134
202203 0.119 287.504 0.137
202206 0.119 296.311 0.133
202209 0.116 296.808 0.129
202212 0.106 296.797 0.118
202303 0.106 301.836 0.116
202306 0.100 305.109 0.108
202309 0.101 307.789 0.108
202312 0.097 306.746 0.104
202403 0.097 312.332 0.103
202406 0.094 314.175 0.099
202409 0.094 315.301 0.098
202412 0.096 315.605 0.100
202503 0.092 319.799 0.095
202506 0.087 322.561 0.089
202509 0.087 324.800 0.088
202512 0.087 324.054 0.089
202603 0.097 330.213 0.097

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 0.38 mean?
IRPC PCL (FRA:NVPF) has a Cyclically Adjusted PB Ratio of 0.38 as of Jul. 12, 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 IRPC PCL and its competitors. This is 42% below median its historical median of 0.66. Over the past decade, IRPC PCL's Cyclically Adjusted PB Ratio has ranged from 0.15 to 1.95. According to the industry distribution chart, IRPC PCL ranks #161 out of 772 companies in the Oil & Gas industry, placing it in the top 20.9%.
Is IRPC PCL's Cyclically Adjusted PB Ratio too high?
IRPC PCL's current Cyclically Adjusted PB Ratio of 0.38 is 42% below median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.95. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. IRPC PCL's value of 0.38 is 67.8% below this industry median. Based on the distribution chart, IRPC PCL ranks #161 out of 772 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, IRPC PCL has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does IRPC PCL's Cyclically Adjusted PB Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, IRPC PCL ranks #161 out of 772 companies for Cyclically Adjusted PB Ratio. This places IRPC PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.18. IRPC PCL's value of 0.38 is 67.8% below this benchmark. Historically, IRPC PCL's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 1.95 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.18, IRPC PCL has consistently been below 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 1.18, based on 772 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. IRPC PCL's current Cyclically Adjusted PB Ratio of 0.38 is 67.8% below 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 IRPC PCL and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRPC PCL's current Cyclically Adjusted PB Ratio is 0.38, which is 42% below median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRPC PCL stock overvalued right now?
IRPC PCL (FRA:NVPF) has a current Cyclically Adjusted PB Ratio of 0.38. The stock's GF Value™ is €0.04, compared to a current price of €0.05 — trading 13.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.38, which is 42% below median its 10-year median of 0.66 and 67.8% below the Oil & Gas industry median of 1.18. IRPC PCL's overall GF Score™ is 61/100 with 4 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 IRPC PCL (FRA:NVPF), the current Cyclically Adjusted PB Ratio is 0.38 as of Jul. 12, 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 IRPC PCL (FRA:NVPF) Overvalued in 2026?

Based on GuruFocus' analysis, IRPC PCL stock appears to be overvalued. The current stock price of €0.05 is trading 13.8% above its estimated GF Value™ of €0.04.

Key valuation signals for FRA:NVPF:

  • Cyclically Adjusted PB Ratio: 0.38 (42% below median its 10-year median of 0.66)
  • GF Value™: €0.04 vs. price of €0.05 (13.8% above fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 67.8% below the Oil & Gas median (#161 of 772)

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


IRPC PCL Business Description

Industry EnergyOil & Gas
Address Vibhavadi Rangsit Road, No. 555/2, Energy Complex, Building B, 6th Floor, Chatuchak, Bangkok, THA, 10900
IRPC PCL is a Thailand-based company. The Company is principally engaged in the petroleum and petrochemical business, with its products being refinery, lubricant, olefins, aromatics, plastic resins, and other petrochemical products. The company operates in three reportable segments: the Petroleum products segment, which produces and sells refinery, lubricant, and asphalt; the petrochemical products segment, which produces and sells olefins, aromatics, and related products, including special products; and Other business segments, includes divisions related to the Power plant, jetty, and other utilities. The majority of its revenue is derived from the Petroleum products segment. The Company operates its sales in Thailand, Singapore, and Others.
61GF Score

Get the complete analysis for FRA:NVPF

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

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