JXHLY (ENEOS Holdings) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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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
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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.

JXHLY ENEOS Holdings Inc JXHLY
60 GF Score
Price $18.64
GF Value $11.75
Valuation Significantly Overvalued
! 7 Warning Signs
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What is ENEOS Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ENEOS Holdings  (OTCPK:JXHLY) 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.


ENEOS Holdings Cyclically Adjusted PB Ratio Related Terms


ENEOS Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ENEOS Holdings'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.

ENEOS Holdings Cyclically Adjusted PB Ratio Chart

ENEOS Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.40 0.56 0.66 0.99

ENEOS Holdings 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 0.54 0.70 0.84 1.00 0.86

JXHLY vs MPC, VLO, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, ENEOS Holdings'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.


ENEOS Holdings Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


JXHLY
60GF Score
ENEOS Holdings Inc JXHLY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ENEOS Holdings 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.

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

For example, ENEOS Holdings'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)
=19.082/113.6000*113.6000
=19.082

Current CPI (Jun. 2026) = 113.6000.

ENEOS Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.333 98.000 16.615
201612 13.535 98.400 15.626
201703 15.451 98.100 17.892
201706 13.746 98.500 15.853
201709 14.413 98.800 16.572
201712 15.189 99.400 17.359
201803 16.074 99.200 18.407
201806 16.098 99.200 18.435
201809 16.621 99.900 18.900
201812 16.771 99.700 19.109
201903 16.933 99.700 19.294
201906 17.151 99.800 19.523
201909 17.492 100.100 19.851
201912 17.650 100.500 19.951
202003 15.592 100.300 17.660
202006 15.158 99.900 17.237
202009 15.792 99.900 17.958
202012 16.006 99.300 18.311
202103 15.517 99.900 17.645
202106 15.902 99.500 18.155
202109 16.584 100.100 18.821
202112 15.935 100.100 18.084
202203 16.595 101.100 18.647
202206 16.086 101.800 17.951
202209 15.640 103.100 17.233
202212 16.216 104.100 17.696
202303 16.388 104.400 17.832
202306 15.375 105.200 16.603
202309 15.770 106.200 16.869
202312 16.539 106.800 17.592
202403 16.377 107.200 17.355
202406 16.150 108.200 16.956
202409 17.772 108.900 18.539
202412 16.935 110.700 17.379
202503 17.253 111.100 17.641
202506 17.251 111.700 17.544
202509 17.458 112.000 17.707
202512 16.892 113.000 16.982
202603 17.564 112.700 17.704
202606 19.082 113.600 19.082

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 ENEOS Holdings (JXHLY) Overvalued in 2026?

Based on GuruFocus' analysis, ENEOS Holdings stock appears to be overvalued. The current stock price of $18.64 is trading 58.6% above its estimated GF Value™ of $11.75. GuruFocus considers ENEOS Holdings to be Significantly Overvalued.

Key valuation signals for JXHLY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $11.75 vs. price of $18.64 (58.6% above fair value)
  • GF Score™: 60/100 with 7 warning signs

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


ENEOS Holdings Business Description

Industry EnergyOil & Gas
Address 1-1-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8162
ENEOS Holdings Inc is engaged in the energy and materials business through its group companies. The company operates six reportable segments: Petroleum Products and Other, Oil and Natural Gas Exploration and Development, Functional Materials, Electricity, Renewable Energy, and Others. Its operations include petroleum refining and sales, oil and gas exploration, production of synthetic and special rubber, power generation, and renewable energy activities such as wind and solar power. The Others segment covers asphalt paving, civil engineering, construction, and real estate rental businesses. It generates the majority of its revenue from the Petroleum Products segment.
60GF Score

Get the complete analysis for JXHLY

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

$18.64
Price
$11.75
GF Value