Pakistan Petroleum (KAR:PPL) Cyclically Adjusted PB Ratio: 1.25 (As of Jul. 14, 2026) — 47% Above Median

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KAR:PPL Pakistan Petroleum Ltd KAR:PPL
80 GF Score
Price ₨222.58
GF Value ₨79.82
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Pakistan Petroleum Cyclically Adjusted PB Ratio?

Pakistan Petroleum KAR:PPL -4.23% 80 Cyclically Adjusted PB Ratio is 1.25 as of Jul. 14, 2026, which is 47% above its 10-year median of 0.85. GuruFocus rates KAR:PPL with a GF Score™ of 80/100 and a GF Value™ of ₨79.82 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 774 Oil & Gas companies, Pakistan Petroleum ranks worse than 55.04% on this metric.

As of today (2026-07-14), Pakistan Petroleum's current share price is ₨222.58. Pakistan Petroleum's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨178.23. Pakistan Petroleum's Cyclically Adjusted PB Ratio for today is 1.25.

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

KAR:PPL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.85   Max: 1.63
Current: 1.33

During the past years, Pakistan Petroleum's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.45. And the median was 0.85.

KAR:PPL's Cyclically Adjusted PB Ratio is ranked worse than
55.04% of 774 companies
in the Oil & Gas industry
Industry Median: 1.18 vs KAR:PPL: 1.33

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.

Pakistan Petroleum's adjusted book value per share data for the three months ended in Mar. 2026 was ₨274.471. 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 ₨178.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pakistan Petroleum  (KAR:PPL) 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.


Pakistan Petroleum Cyclically Adjusted PB Ratio Related Terms


Pakistan Petroleum Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pakistan Petroleum'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.

Pakistan Petroleum Cyclically Adjusted PB Ratio Chart

Pakistan Petroleum Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.61 0.48 0.83 1.05

Pakistan Petroleum 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 1.23 1.05 1.24 1.38 1.11

KAR:PPL vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, Pakistan Petroleum'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.


Pakistan Petroleum Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


KAR:PPL
80GF Score
Pakistan Petroleum Ltd KAR:PPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pakistan Petroleum 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.

Pakistan Petroleum's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=222.58/178.23
=1.25

* 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.

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

For example, Pakistan Petroleum'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)
=274.471/330.2130*330.2130
=274.471

Current CPI (Mar. 2026) = 330.2130.

Pakistan Petroleum Quarterly Data

Book Value per Share CPI Adj_Book
201606 70.801 241.018 97.003
201609 72.790 241.428 99.558
201612 74.852 241.432 102.377
201703 72.752 243.801 98.538
201706 79.061 244.955 106.579
201709 83.901 246.819 112.249
201712 83.039 246.524 111.229
201803 84.302 249.554 111.549
201806 88.369 251.989 115.801
201809 93.491 252.439 122.295
201812 98.720 251.233 129.755
201903 103.796 254.202 134.833
201906 109.595 256.143 141.287
201909 114.771 256.759 147.605
201912 116.800 256.974 150.089
202003 122.063 258.115 156.158
202006 126.162 257.797 161.601
202009 131.404 260.280 166.710
202012 134.712 260.474 170.780
202103 137.586 264.877 171.524
202106 142.929 271.696 173.713
202109 149.191 274.310 179.595
202112 152.551 278.802 180.681
202203 158.590 287.504 182.149
202206 159.750 296.311 178.028
202209 169.790 296.808 188.899
202212 177.407 296.797 197.381
202303 188.910 301.836 206.670
202306 198.763 305.109 215.117
202309 209.826 307.789 225.113
202312 222.285 306.746 239.290
202403 229.689 312.332 242.839
202406 235.479 314.175 247.500
202409 243.779 315.301 255.308
202412 249.352 315.605 260.893
202503 255.534 319.799 263.855
202506 259.107 322.561 265.254
202509 266.294 324.800 270.732
202512 268.955 324.054 274.067
202603 274.471 330.213 274.471

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 1.25 mean?
Pakistan Petroleum (KAR:PPL) has a Cyclically Adjusted PB Ratio of 1.25 as of Jul. 14, 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 Pakistan Petroleum and its competitors. This is 47% above median its historical median of 0.85. Over the past decade, Pakistan Petroleum's Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.63. According to the industry distribution chart, Pakistan Petroleum ranks #426 out of 774 companies in the Oil & Gas industry, placing it in the top 55%.
Is Pakistan Petroleum's Cyclically Adjusted PB Ratio too high?
Pakistan Petroleum's current Cyclically Adjusted PB Ratio of 1.25 is 47% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.63. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. Pakistan Petroleum's value of 1.25 is 5.9% above this industry median. Based on the distribution chart, Pakistan Petroleum ranks #426 out of 774 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Pakistan Petroleum has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Petroleum's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Pakistan Petroleum ranks #426 out of 774 companies for Cyclically Adjusted PB Ratio. This places Pakistan Petroleum in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Pakistan Petroleum's value of 1.25 is 5.9% above this benchmark. Historically, Pakistan Petroleum's own Cyclically Adjusted PB Ratio has ranged from 0.45 to 1.63 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.18, Pakistan Petroleum 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 774 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. Pakistan Petroleum's current Cyclically Adjusted PB Ratio of 1.25 is 5.9% 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 Pakistan Petroleum 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. Pakistan Petroleum's current Cyclically Adjusted PB Ratio is 1.25, which is 47% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Pakistan Petroleum (KAR:PPL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨79.82, compared to a current price of ₨222.58 — trading 178.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.25, which is 47% above median its 10-year median of 0.85 and 5.9% above the Oil & Gas industry median of 1.18. Pakistan Petroleum's overall GF Score™ is 80/100 with 4 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 Pakistan Petroleum (KAR:PPL), the current Cyclically Adjusted PB Ratio is 1.25 as of Jul. 14, 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 Pakistan Petroleum (KAR:PPL) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan Petroleum stock appears to be overvalued. The current stock price of ₨222.58 is trading 178.9% above its estimated GF Value™ of ₨79.82. GuruFocus considers Pakistan Petroleum to be Significantly Overvalued.

Key valuation signals for KAR:PPL:

  • Cyclically Adjusted PB Ratio: 1.25 (47% above median its 10-year median of 0.85)
  • GF Value™: ₨79.82 vs. price of ₨222.58 (178.9% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 5.9% above the Oil & Gas median (#426 of 774)

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


Pakistan Petroleum Business Description

Industry EnergyOil & Gas
Address Dr. Ziauddin Ahmed Road, P.O. Box 3942, 4th Floor, PIDC House, Karachi, SD, PAK, 75530
Pakistan Petroleum Ltd, or PPL along with its subsidiaries is engaged in conducting exploration, prospecting, development, and production of oil and natural gas resources. The company is organised into one operating segment i.e. exploration, development and production of oil, gas and barytes. It operates several producing fields across the country at Sui, Adhi, Kandhkot, Chachar, Mazarani, Adam, Adam West, Shadadpur and Shahdadpur West.
80GF Score

Get the complete analysis for KAR:PPL

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

₨222.58
Price
₨79.82
GF Value