Range Resources (FRA:RAX) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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:RAX Range Resources Corp FRA:RAX
77 GF Score
Price €33.72
GF Value €38.99
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Range Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Range Resources  (FRA:RAX) 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.


Range Resources Cyclically Adjusted PB Ratio Related Terms


Range Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Range 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.

Range Resources Cyclically Adjusted PB Ratio Chart

Range 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 1.13 1.50 1.73 2.10 1.93

Range 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 2.17 1.97 1.90 2.48 1.94

FRA:RAX vs SM, CHRD, AR: Cyclically Adjusted PB Ratio Comparison

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


Range Resources Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


FRA:RAX
77GF Score
Range Resources Corp FRA:RAX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Range 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.

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

For example, Range 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)
=17.625/333.9520*333.9520
=17.625

Current CPI (Jun. 2026) = 333.9520.

Range Resources Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.665 241.428 27.201
201612 20.748 241.432 28.699
201703 21.086 243.801 28.883
201706 20.008 244.955 27.277
201709 18.878 246.819 25.542
201712 19.380 246.524 26.253
201803 19.036 249.554 25.474
201806 19.793 251.989 26.231
201809 20.074 252.439 26.556
201812 14.232 251.233 18.918
201903 14.407 254.202 18.927
201906 14.611 256.143 19.049
201909 15.171 256.759 19.732
201912 8.378 256.974 10.888
202003 9.172 258.115 11.867
202006 8.452 257.797 10.949
202009 5.758 260.280 7.388
202012 5.433 260.474 6.966
202103 5.672 264.877 7.151
202106 5.143 271.696 6.321
202109 4.081 274.310 4.968
202112 7.342 278.802 8.794
202203 5.703 287.504 6.624
202206 7.617 296.311 8.585
202209 9.115 296.808 10.256
202212 11.281 296.797 12.693
202303 12.605 301.836 13.946
202306 12.865 305.109 14.081
202309 13.492 307.789 14.639
202312 14.142 306.746 15.396
202403 14.606 312.332 15.617
202406 14.862 314.175 15.798
202409 14.363 315.301 15.213
202412 15.796 315.605 16.714
202503 15.202 319.799 15.875
202506 14.740 322.561 15.261
202509 15.099 324.800 15.524
202512 15.617 324.054 16.094
202603 16.953 330.213 17.145
202606 17.625 333.952 17.625

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 Range Resources (FRA:RAX) Overvalued in 2026?

Based on GuruFocus' analysis, Range Resources stock appears to be undervalued. The current stock price of €33.72 is trading 13.5% below its estimated GF Value™ of €38.99. GuruFocus considers Range Resources to be Modestly Undervalued.

Key valuation signals for FRA:RAX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €38.99 vs. price of €33.72 (13.5% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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


Range Resources Business Description

Industry EnergyOil & Gas
Other Exchanges RRC:USA0KTW:UKRAX:Germany
Address 100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102
Range Resources is an exploration and production firm whose operations represent a pure play in the Marcellus shale, located in the Appalachian region of Southwest Pennsylvania. The company went public as Lomak Petroleum in 1980 and later reorganized as Range Resources in 1998. After an expensive 10-year venture with a multi-basin strategy, Range Resources found its identity as an Appalachian natural gas producer, offloading its Permian assets in 2013. Range quickly became a leading US gas producer after its merger with Memorial Resource Development in 2016. Following the merger, Range saw its operational unit costs rise to an uncompetitive level and subsequently sold the assets in 2020 to return to its roots as an Appalachian producer.
77GF Score

Get the complete analysis for FRA:RAX

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

€33.72
Price
€38.99
GF Value