PrimeEnergy Resources (FRA:PEJ) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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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:PEJ PrimeEnergy Resources Corp FRA:PEJ
78 GF Score
Price €180.00
GF Value €131.63
! 3 Warning Signs
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What is PrimeEnergy Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PrimeEnergy Resources  (FRA:PEJ) 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.


PrimeEnergy Resources Cyclically Adjusted PB Ratio Related Terms


PrimeEnergy Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PrimeEnergy Resources'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.

PrimeEnergy Resources Cyclically Adjusted PB Ratio Chart

PrimeEnergy Resources 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 1.63 1.84 1.86 3.39 2.13

PrimeEnergy Resources 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 2.04 2.09 2.23 3.07 1.97

FRA:PEJ vs UNTC, GTE, FTW: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, PrimeEnergy Resources'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.


PrimeEnergy Resources Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:PEJ
78GF Score
PrimeEnergy Resources Corp FRA:PEJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PrimeEnergy Resources 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.

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

For example, PrimeEnergy Resources'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)
=120.385/333.9520*333.9520
=120.385

Current CPI (Jun. 2026) = 333.9520.

PrimeEnergy Resources Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.841 241.428 37.127
201612 27.353 241.432 37.835
201703 38.416 243.801 52.621
201706 35.780 244.955 48.780
201709 32.057 246.819 43.374
201712 39.324 246.524 53.270
201803 39.593 249.554 52.983
201806 41.440 251.989 54.919
201809 43.069 252.439 56.976
201812 45.457 251.233 60.424
201903 44.654 254.202 58.663
201906 45.930 256.143 59.882
201909 48.819 256.759 63.496
201912 46.065 256.974 59.864
202003 46.821 258.115 60.578
202006 42.712 257.797 55.329
202009 43.878 260.280 56.298
202012 40.164 260.474 51.494
202103 41.191 264.877 51.933
202106 39.803 271.696 48.923
202109 40.229 274.310 48.976
202112 43.741 278.802 52.393
202203 49.636 287.504 57.655
202206 57.818 296.311 65.163
202209 68.403 296.808 76.963
202212 69.179 296.797 77.839
202303 68.440 301.836 75.722
202306 72.953 305.109 79.849
202309 80.582 307.789 87.432
202312 80.052 306.746 87.152
202403 87.625 312.332 93.691
202406 98.648 314.175 104.858
202409 105.759 315.301 112.015
202412 114.704 315.605 121.372
202503 113.453 319.799 118.474
202506 105.618 322.561 109.348
202509 110.773 324.800 113.894
202512 112.495 324.054 115.931
202603 116.616 330.213 117.936
202606 120.385 333.952 120.385

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 PrimeEnergy Resources (FRA:PEJ) Overvalued in 2026?

Based on GuruFocus' analysis, PrimeEnergy Resources stock appears to be overvalued. The current stock price of €180.00 is trading 36.7% above its estimated GF Value™ of €131.63.

Key valuation signals for FRA:PEJ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €131.63 vs. price of €180.00 (36.7% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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


PrimeEnergy Resources Business Description

Industry EnergyOil & Gas
Other Exchanges PNRG:USA
Address 9821 Katy Freeway, Houston, TX, USA, 77024
PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and providing well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
78GF Score

Get the complete analysis for FRA:PEJ

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

€180.00
Price
€131.63
GF Value