Trican Well Service (FRA:TWZ) Cyclically Adjusted PB Ratio: 2.08 (As of Aug. 15, 2026) — 253% Above Median

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:TWZ Trican Well Service Ltd FRA:TWZ
85 GF Score
Price €3.78
GF Value €3.77
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Trican Well Service Cyclically Adjusted PB Ratio?

Trican Well Service FRA:TWZ -1.05% 85 Cyclically Adjusted PB Ratio is 2.08 as of Aug. 15, 2026, which is 253% above its 10-year median of 0.59. GuruFocus rates FRA:TWZ with a GF Score™ of 85/100 and a GF Value™ of €3.77 (Fairly Valued). The stock has 3 warning signs investors should review. Among 765 Oil & Gas companies, Trican Well Service ranks worse than 69.8% on this metric.

As of today (2026-08-15), Trican Well Service's current share price is €3.78. Trican Well Service's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.82. Trican Well Service's Cyclically Adjusted PB Ratio for today is 2.08.

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

FRA:TWZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.59   Max: 2.66
Current: 2.03

During the past years, Trican Well Service's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 0.07. And the median was 0.59.

FRA:TWZ's Cyclically Adjusted PB Ratio is ranked worse than
69.8% of 765 companies
in the Oil & Gas industry
Industry Median: 1.17 vs FRA:TWZ: 2.03

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.

Trican Well Service's adjusted book value per share data for the three months ended in Jun. 2026 was €2.023. 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 €1.82 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trican Well Service  (FRA:TWZ) 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.


Trican Well Service Cyclically Adjusted PB Ratio Related Terms


Trican Well Service Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trican Well Service'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.

Trican Well Service Cyclically Adjusted PB Ratio Chart

Trican Well Service 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 0.49 0.73 0.97 1.49 1.97

Trican Well Service 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 1.44 2.02 1.97 2.41 2.20

FRA:TWZ vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Trican Well Service'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.


Trican Well Service Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Trican Well Service's Cyclically Adjusted PB Ratio falls into.


FRA:TWZ
85GF Score
Trican Well Service Ltd FRA:TWZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trican Well Service 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.

Trican Well Service's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.78/1.82
=2.08

* 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.

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

For example, Trican Well Service'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)
=2.023/133.5265*133.5265
=2.023

Current CPI (Jun. 2026) = 133.5265.

Trican Well Service Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.701 101.765 2.232
201612 2.089 101.449 2.750
201703 1.827 102.634 2.377
201706 2.185 103.029 2.832
201709 2.323 103.345 3.001
201712 2.299 103.345 2.970
201803 2.126 105.004 2.703
201806 2.145 105.557 2.713
201809 2.150 105.636 2.718
201812 1.832 105.399 2.321
201903 1.864 106.979 2.327
201906 1.829 107.690 2.268
201909 1.873 107.611 2.324
201912 1.866 107.769 2.312
202003 1.414 107.927 1.749
202006 1.367 108.401 1.684
202009 1.290 108.164 1.592
202012 1.250 108.559 1.537
202103 1.319 110.298 1.597
202106 1.319 111.720 1.576
202109 1.315 112.905 1.555
202112 1.370 113.774 1.608
202203 1.448 117.646 1.643
202206 1.481 120.806 1.637
202209 1.591 120.648 1.761
202212 1.526 120.964 1.684
202303 1.580 122.702 1.719
202306 1.589 124.203 1.708
202309 1.661 125.230 1.771
202312 1.690 125.072 1.804
202403 1.755 126.258 1.856
202406 1.732 127.522 1.814
202409 1.680 127.285 1.762
202412 1.733 127.364 1.817
202503 1.723 129.181 1.781
202506 1.693 129.892 1.740
202509 1.994 130.287 2.044
202512 2.044 130.366 2.094
202603 2.115 132.262 2.135
202606 2.023 133.527 2.023

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 2.08 mean?
Trican Well Service (FRA:TWZ) has a Cyclically Adjusted PB Ratio of 2.08 as of Aug. 15, 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 Trican Well Service and its competitors. This is 253% above median its historical median of 0.59. Over the past decade, Trican Well Service's Cyclically Adjusted PB Ratio has ranged from 0.07 to 2.66. According to the industry distribution chart, Trican Well Service ranks #534 out of 765 companies in the Oil & Gas industry, placing it in the top 69.8%.
Is Trican Well Service's Cyclically Adjusted PB Ratio too high?
Trican Well Service's current Cyclically Adjusted PB Ratio of 2.08 is 253% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 2.66. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.17. Trican Well Service's value of 2.08 is 77.8% above this industry median. Based on the distribution chart, Trican Well Service ranks #534 out of 765 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Trican Well Service has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trican Well Service's Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Trican Well Service ranks #534 out of 765 companies for Cyclically Adjusted PB Ratio. This places Trican Well Service in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Trican Well Service's value of 2.08 is 77.8% above this benchmark. Historically, Trican Well Service's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 2.66 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.17, Trican Well Service has consistently been above 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 1.17, based on 765 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. Trican Well Service's current Cyclically Adjusted PB Ratio of 2.08 is 77.8% above 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 Trican Well Service and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trican Well Service's current Cyclically Adjusted PB Ratio is 2.08, which is 253% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trican Well Service stock overvalued right now?
Based on GuruFocus' analysis, Trican Well Service (FRA:TWZ) is currently considered Fairly Valued. The stock's GF Value™ is €3.77, compared to a current price of €3.78 — trading 0.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.08, which is 253% above median its 10-year median of 0.59 and 77.8% above the Oil & Gas industry median of 1.17. Trican Well Service's overall GF Score™ is 85/100 with 3 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 Trican Well Service (FRA:TWZ), the current Cyclically Adjusted PB Ratio is 2.08 as of Aug. 15, 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 Trican Well Service (FRA:TWZ) Overvalued in 2026?

Based on GuruFocus' analysis, Trican Well Service stock appears to be overvalued. The current stock price of €3.78 is trading 0.3% above its estimated GF Value™ of €3.77. GuruFocus considers Trican Well Service to be Fairly Valued.

Key valuation signals for FRA:TWZ:

  • Cyclically Adjusted PB Ratio: 2.08 (253% above median its 10-year median of 0.59)
  • GF Value™: €3.77 vs. price of €3.78 (0.3% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 77.8% above the Oil & Gas median (#534 of 765)

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


Trican Well Service Business Description

Industry EnergyOil & Gas
Other Exchanges TOLWF:USATCW:Canada
Address 645 - 7th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 4G8
Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells through its continuing pressure pumping operations in Canada. Additionally, the company offers services related to coiled tubing, pipeline service, cementing, fracturing, and reservoir solutions to customers operating from bases located across the Western Canadian Sedimentary Basin (WCSB).
85GF Score

Get the complete analysis for FRA:TWZ

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

€3.78
Price
€3.77
GF Value