Paramount Resources (FRA:PQ51) 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.
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:PQ51 Paramount Resources Ltd FRA:PQ51
66 GF Score
Price €19.80
GF Value €8.80
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Paramount Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Paramount Resources  (FRA:PQ51) 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.


Paramount Resources Cyclically Adjusted PB Ratio Related Terms


Paramount Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Paramount 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.

Paramount Resources Cyclically Adjusted PB Ratio Chart

Paramount 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 1.55 1.54 1.28 1.42 0.99

Paramount 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 0.96 0.99 1.07 1.27 1.12

FRA:PQ51 vs COP, EOG, OXY: Cyclically Adjusted PB Ratio Comparison

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


Paramount Resources Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:PQ51
66GF Score
Paramount Resources Ltd FRA:PQ51
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paramount 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.

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

For example, Paramount 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)
=11.662/133.5265*133.5265
=11.662

Current CPI (Jun. 2026) = 133.5265.

Paramount Resources Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.860 101.765 12.937
201612 10.926 101.449 14.381
201703 10.968 102.634 14.269
201706 10.859 103.029 14.073
201709 12.775 103.345 16.506
201712 12.057 103.345 15.578
201803 11.057 105.004 14.060
201806 10.918 105.557 13.811
201809 11.043 105.636 13.959
201812 11.060 105.399 14.012
201903 11.056 106.979 13.800
201906 10.472 107.690 12.984
201909 11.034 107.611 13.691
201912 10.733 107.769 13.298
202003 8.242 107.927 10.197
202006 8.420 108.401 10.372
202009 8.138 108.164 10.046
202012 9.882 108.559 12.155
202103 10.377 110.298 12.562
202106 10.495 111.720 12.544
202109 12.328 112.905 14.580
202112 13.035 113.774 15.298
202203 14.145 117.646 16.054
202206 15.177 120.806 16.775
202209 16.089 120.648 17.806
202212 16.451 120.964 18.160
202303 15.899 122.702 17.302
202306 16.217 124.203 17.434
202309 16.878 125.230 17.996
202312 16.660 125.072 17.786
202403 16.739 126.258 17.703
202406 17.035 127.522 17.837
202409 16.331 127.285 17.132
202412 16.891 127.364 17.708
202503 11.883 129.181 12.283
202506 11.694 129.892 12.021
202509 11.465 130.287 11.750
202512 11.682 130.366 11.965
202603 11.822 132.262 11.935
202606 11.662 133.527 11.662

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 Paramount Resources (FRA:PQ51) Overvalued in 2026?

Based on GuruFocus' analysis, Paramount Resources stock appears to be overvalued. The current stock price of €19.80 is trading 125% above its estimated GF Value™ of €8.80. GuruFocus considers Paramount Resources to be Significantly Overvalued.

Key valuation signals for FRA:PQ51:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €8.80 vs. price of €19.80 (125% above fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the FRA:PQ51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Paramount Resources Business Description

Industry EnergyOil & Gas
Address 888 - 3rd Street SW, Suite 4700, Calgary, AB, CAN, T2P 5C5
Paramount Resources Ltd is a Canadian energy company that explores and develops both conventional and unconventional petroleum and natural gas. The company explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. Its primary focus in the Grande Prairie Region is its Karr and Wapiti Montney properties Region includes the Kaybob North Duvernay development and other natural gas and oil-producing properties. The Central Alberta and Other Region includes the Willesden Green Duvernay development in central Alberta and shale gas properties in the Horn River Basin and Liard Basin in northeast British Columbia.
66GF Score

Get the complete analysis for FRA:PQ51

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

€19.80
Price
€8.80
GF Value