GLPEF (Galp Energia SGPS) Cyclically Adjusted PB Ratio: 3.08 (As of Jul. 10, 2026) — 26% Above Median


GLPEF Galp Energia SGPS SA GLPEF
72 GF Score
Price $21.58
GF Value $18.71
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Galp Energia SGPS Cyclically Adjusted PB Ratio?

Galp Energia SGPS GLPEF 72 Cyclically Adjusted PB Ratio is 3.08 as of Jul. 10, 2026, which is 26% above its 10-year median of 2.44. GuruFocus rates GLPEF with a GF Score™ of 72/100 and a GF Value™ of $18.71 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 772 Oil & Gas companies, Galp Energia SGPS ranks worse than 83.68% on this metric.

As of today (2026-07-10), Galp Energia SGPS's current share price is $21.575. Galp Energia SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $7.01. Galp Energia SGPS's Cyclically Adjusted PB Ratio for today is 3.08.

The historical rank and industry rank for Galp Energia SGPS's Cyclically Adjusted PB Ratio or its related term are showing as below:

GLPEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.25   Med: 2.44   Max: 3.49
Current: 3.09

During the past years, Galp Energia SGPS's highest Cyclically Adjusted PB Ratio was 3.49. The lowest was 1.25. And the median was 2.44.

GLPEF's Cyclically Adjusted PB Ratio is ranked worse than
83.68% of 772 companies
in the Oil & Gas industry
Industry Median: 1.18 vs GLPEF: 3.09

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.

Galp Energia SGPS's adjusted book value per share data for the three months ended in Mar. 2026 was $5.960. 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 $7.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Galp Energia SGPS  (OTCPK:GLPEF) 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.


Galp Energia SGPS Cyclically Adjusted PB Ratio Related Terms


Galp Energia SGPS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Galp Energia SGPS'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.

Galp Energia SGPS Cyclically Adjusted PB Ratio Chart

Galp Energia SGPS 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 1.50 2.11 2.28 2.62 2.39

Galp Energia SGPS 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 2.65 2.53 2.62 2.39 3.42

GLPEF vs XOM, CVX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Integrated subindustry, Galp Energia SGPS'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.


Galp Energia SGPS Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Galp Energia SGPS's Cyclically Adjusted PB Ratio falls into.


GLPEF
72GF Score
Galp Energia SGPS SA GLPEF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Galp Energia SGPS 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.

Galp Energia SGPS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.575/7.01
=3.08

* 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.

Galp Energia SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Galp Energia SGPS'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)
=5.96/125.9400*125.9400
=5.960

Current CPI (Mar. 2026) = 125.9400.

Galp Energia SGPS Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.654 101.319 8.271
201609 6.448 101.122 8.030
201612 6.067 100.998 7.565
201703 6.749 101.924 8.339
201706 6.474 102.240 7.975
201709 6.656 102.527 8.176
201712 6.352 102.479 7.806
201803 6.622 102.626 8.126
201806 6.434 103.790 7.807
201809 6.373 103.960 7.720
201812 6.460 103.159 7.887
201903 6.495 103.495 7.904
201906 6.422 104.192 7.762
201909 6.045 103.844 7.331
201912 6.080 103.592 7.392
202003 5.795 103.544 7.048
202006 5.126 104.323 6.188
202009 4.936 103.699 5.995
202012 4.759 103.354 5.799
202103 5.189 104.014 6.283
202106 4.882 104.852 5.864
202109 4.161 105.232 4.980
202112 4.269 106.191 5.063
202203 4.281 109.559 4.921
202206 5.142 114.003 5.680
202209 5.220 114.999 5.717
202212 5.551 116.377 6.007
202303 5.893 117.701 6.306
202306 5.784 117.872 6.180
202309 6.224 119.111 6.581
202312 6.385 118.032 6.813
202403 6.914 120.396 7.232
202406 6.938 121.165 7.211
202409 6.620 121.574 6.858
202412 6.544 121.585 6.778
202503 6.905 122.624 7.092
202506 6.766 124.042 6.870
202509 6.968 124.490 7.049
202512 7.021 124.240 7.117
202603 5.960 125.940 5.960

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 3.08 mean?
Galp Energia SGPS (GLPEF) has a Cyclically Adjusted PB Ratio of 3.08 as of Jul. 10, 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 Galp Energia SGPS and its competitors. This is 26% above median its historical median of 2.44. Over the past decade, Galp Energia SGPS's Cyclically Adjusted PB Ratio has ranged from 1.25 to 3.49. According to the industry distribution chart, Galp Energia SGPS ranks #646 out of 772 companies in the Oil & Gas industry, placing it in the top 83.7%.
Is Galp Energia SGPS's Cyclically Adjusted PB Ratio too high?
Galp Energia SGPS's current Cyclically Adjusted PB Ratio of 3.08 is 26% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 3.49. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. Galp Energia SGPS's value of 3.08 is 161% above this industry median. Based on the distribution chart, Galp Energia SGPS ranks #646 out of 772 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Galp Energia SGPS has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Galp Energia SGPS's Cyclically Adjusted PB Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Galp Energia SGPS ranks #646 out of 772 companies for Cyclically Adjusted PB Ratio. This places Galp Energia SGPS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Galp Energia SGPS's value of 3.08 is 161% above this benchmark. Historically, Galp Energia SGPS's own Cyclically Adjusted PB Ratio has ranged from 1.25 to 3.49 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 1.18, Galp Energia SGPS 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 1.18, based on 772 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. Galp Energia SGPS's current Cyclically Adjusted PB Ratio of 3.08 is 161% 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 Galp Energia SGPS and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galp Energia SGPS's current Cyclically Adjusted PB Ratio is 3.08, which is 26% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galp Energia SGPS stock overvalued right now?
Based on GuruFocus' analysis, Galp Energia SGPS (GLPEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.71, compared to a current price of $21.58 — trading 15.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.08, which is 26% above median its 10-year median of 2.44 and 161% above the Oil & Gas industry median of 1.18. Galp Energia SGPS's overall GF Score™ is 72/100 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 Galp Energia SGPS (GLPEF), the current Cyclically Adjusted PB Ratio is 3.08 as of Jul. 10, 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 Galp Energia SGPS (GLPEF) Overvalued in 2026?

Based on GuruFocus' analysis, Galp Energia SGPS stock appears to be overvalued. The current stock price of $21.58 is trading 15.3% above its estimated GF Value™ of $18.71. GuruFocus considers Galp Energia SGPS to be Modestly Overvalued.

Key valuation signals for GLPEF:

  • Cyclically Adjusted PB Ratio: 3.08 (26% above median its 10-year median of 2.44)
  • GF Value™: $18.71 vs. price of $21.58 (15.3% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 161% above the Oil & Gas median (#646 of 772)

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


Galp Energia SGPS Business Description

Industry EnergyOil & Gas
Address Avenida da India, Lisboa, PRT, 1349-065
Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables, and New Businesses. The Upstream segment involves, management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New Businesses segment represents Galp's presence in the renewable and new energies space.
72GF Score

Get the complete analysis for GLPEF

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

$21.58
Price
$18.71
GF Value