Odyssey Marine Exploration (FRA:OYM1) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:OYM1 Odyssey Marine Exploration Inc FRA:OYM1
23 GF Score
Price €0.55
GF Value €0.30
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Odyssey Marine Exploration Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Odyssey Marine Exploration  (FRA:OYM1) 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.


Odyssey Marine Exploration Cyclically Adjusted PB Ratio Related Terms


Odyssey Marine Exploration Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Odyssey Marine Exploration'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.

Odyssey Marine Exploration Cyclically Adjusted PB Ratio Chart

Odyssey Marine Exploration Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Odyssey Marine Exploration 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 0.00 0.00 0.00 0.00 0.00

FRA:OYM1 vs FNUC, WWR, TMRC: Cyclically Adjusted PB Ratio Comparison

For the Other Industrial Metals & Mining subindustry, Odyssey Marine Exploration'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.


Odyssey Marine Exploration Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Odyssey Marine Exploration's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Odyssey Marine Exploration's Cyclically Adjusted PB Ratio falls into.


FRA:OYM1
23GF Score
Odyssey Marine Exploration Inc FRA:OYM1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Odyssey Marine Exploration 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.

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

For example, Odyssey Marine Exploration'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)
=-0.486/330.2130*330.2130
=-0.486

Current CPI (Mar. 2026) = 330.2130.

Odyssey Marine Exploration Quarterly Data

Book Value per Share CPI Adj_Book
201606 -1.903 241.018 -2.607
201609 -2.031 241.428 -2.778
201612 -2.332 241.432 -3.190
201703 -2.541 243.801 -3.442
201706 -2.051 244.955 -2.765
201709 -2.132 246.819 -2.852
201712 -2.256 246.524 -3.022
201803 -2.322 249.554 -3.072
201806 -2.506 251.989 -3.284
201809 -2.550 252.439 -3.336
201812 -2.086 251.233 -2.742
201903 -2.210 254.202 -2.871
201906 -2.470 256.143 -3.184
201909 -2.590 256.759 -3.331
201912 -2.782 256.974 -3.575
202003 -2.941 258.115 -3.762
202006 -3.231 257.797 -4.139
202009 -1.899 260.280 -2.409
202012 -1.804 260.474 -2.287
202103 -1.858 264.877 -2.316
202106 -1.956 271.696 -2.377
202109 -1.971 274.310 -2.373
202112 -1.610 278.802 -1.907
202203 -2.139 287.504 -2.457
202206 -1.151 296.311 -1.283
202209 -1.493 296.808 -1.661
202212 -2.149 296.797 -2.391
202303 -0.517 301.836 -0.566
202306 -0.751 305.109 -0.813
202309 0.000 307.789 0.000
202312 -1.458 306.746 -1.570
202403 -1.579 312.332 -1.669
202406 -1.611 314.175 -1.693
202409 -0.694 315.301 -0.727
202412 -0.538 315.605 -0.563
202503 -0.442 319.799 -0.456
202506 -1.409 322.561 -1.442
202509 -0.768 324.800 -0.781
202512 -0.551 324.054 -0.561
202603 -0.486 330.213 -0.486

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 Odyssey Marine Exploration (FRA:OYM1) Overvalued in 2026?

Based on GuruFocus' analysis, Odyssey Marine Exploration stock appears to be overvalued. The current stock price of €0.55 is trading 82.7% above its estimated GF Value™ of €0.30. GuruFocus considers Odyssey Marine Exploration to be Significantly Overvalued.

Key valuation signals for FRA:OYM1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.30 vs. price of €0.55 (82.7% above fair value)
  • GF Score™: 23/100 with 6 warning signs

No single metric tells the full story. See the FRA:OYM1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Odyssey Marine Exploration Business Description

Other Exchanges OMEX:USA
Address 205 S. Hoover Boulevard, Suite 210, Tampa, FL, USA, 33609
Odyssey Marine Exploration Inc is a deep-ocean exploration company. It discovers, validates, and develops high-value seafloor mineral resources and provides specialized mineral exploration, project development, and marine services to its clients. The company's subsea project portfolio contains multiple projects in various stages of development, such as the Phosagmex Project, a rich deposit of phosphate sands located seventy-ninety meters deep within the Mexican EEZ; two polymetallic nodule exploration license holders in the Cook Islands' EEZ; the Lihir Gold Project, a subsea area that contains several prospective gold exploration targets located in the Papua New Guinea Exclusive Economic Zone (EEZ); and others.
23GF Score

Get the complete analysis for FRA:OYM1

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

€0.55
Price
€0.30
GF Value