Pakistan State Oil Co (KAR:PSO) Cyclically Adjusted PB Ratio: 0.82 (As of Aug. 03, 2026) — 24% Above Median

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KAR:PSO Pakistan State Oil Co Ltd KAR:PSO
83 GF Score
Price ₨347.49
GF Value ₨257.35
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Pakistan State Oil Co Cyclically Adjusted PB Ratio?

Pakistan State Oil Co KAR:PSO +3.01% 83 Cyclically Adjusted PB Ratio is 0.82 as of Aug. 03, 2026, which is 24% above its 10-year median of 0.66. GuruFocus rates KAR:PSO with a GF Score™ of 83/100 and a GF Value™ of ₨257.35 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 765 Oil & Gas companies, Pakistan State Oil Co ranks better than 64.71% on this metric.

As of today (2026-08-03), Pakistan State Oil Co's current share price is ₨347.49. Pakistan State Oil Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨425.29. Pakistan State Oil Co's Cyclically Adjusted PB Ratio for today is 0.82.

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

KAR:PSO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.66   Max: 1.21
Current: 0.79

During the past years, Pakistan State Oil Co's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.33. And the median was 0.66.

KAR:PSO's Cyclically Adjusted PB Ratio is ranked better than
64.71% of 765 companies
in the Oil & Gas industry
Industry Median: 1.21 vs KAR:PSO: 0.79

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 State Oil Co's adjusted book value per share data for the three months ended in Mar. 2026 was ₨620.835. 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 ₨425.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pakistan State Oil Co  (KAR:PSO) 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 State Oil Co Cyclically Adjusted PB Ratio Related Terms


Pakistan State Oil Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pakistan State Oil Co'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 State Oil Co Cyclically Adjusted PB Ratio Chart

Pakistan State Oil Co 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 1.02 0.63 0.36 0.48 0.97

Pakistan State Oil Co 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 1.11 0.97 1.18 1.16 0.77

KAR:PSO vs MPC, VLO, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Pakistan State Oil Co'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 State Oil Co Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


KAR:PSO
83GF Score
Pakistan State Oil Co Ltd KAR:PSO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pakistan State Oil Co 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 State Oil Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=347.49/425.29
=0.82

* 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 State Oil Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pakistan State Oil Co'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)
=620.835/330.2130*330.2130
=620.835

Current CPI (Mar. 2026) = 330.2130.

Pakistan State Oil Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 195.073 241.018 267.265
201609 199.310 241.428 272.606
201612 210.653 241.432 288.116
201703 218.803 243.801 296.355
201706 219.075 244.955 295.325
201709 229.639 246.819 307.228
201712 228.377 246.524 305.906
201803 238.399 249.554 315.453
201806 235.269 251.989 308.303
201809 244.167 252.439 319.392
201812 240.837 251.233 316.549
201903 244.407 254.202 317.489
201906 261.670 256.143 337.338
201909 271.716 256.759 349.449
201912 271.840 256.974 349.316
202003 258.815 258.115 331.109
202006 239.766 257.797 307.117
202009 251.890 260.280 319.569
202012 259.708 260.474 329.242
202103 273.541 264.877 341.014
202106 298.680 271.696 363.009
202109 323.962 274.310 389.984
202112 366.362 278.802 433.919
202203 448.118 287.504 514.686
202206 484.352 296.311 539.768
202209 488.347 296.808 543.309
202212 471.312 296.797 524.376
202303 499.821 301.836 546.811
202306 494.296 305.109 534.966
202309 545.848 307.789 585.616
202312 512.296 306.746 551.488
202403 522.134 312.332 552.026
202406 532.322 314.175 559.496
202409 542.101 315.301 567.739
202412 552.512 315.605 578.085
202503 560.667 319.799 578.925
202506 564.276 322.561 577.662
202509 587.187 324.800 596.973
202512 567.202 324.054 577.982
202603 620.835 330.213 620.835

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 0.82 mean?
Pakistan State Oil Co (KAR:PSO) has a Cyclically Adjusted PB Ratio of 0.82 as of Aug. 03, 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 State Oil Co and its competitors. This is 24% above median its historical median of 0.66. Over the past decade, Pakistan State Oil Co's Cyclically Adjusted PB Ratio has ranged from 0.33 to 1.21. According to the industry distribution chart, Pakistan State Oil Co ranks #270 out of 765 companies in the Oil & Gas industry, placing it in the top 35.3%.
Is Pakistan State Oil Co's Cyclically Adjusted PB Ratio too high?
Pakistan State Oil Co's current Cyclically Adjusted PB Ratio of 0.82 is 24% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.21. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. Pakistan State Oil Co's value of 0.82 is 32.2% below this industry median. Based on the distribution chart, Pakistan State Oil Co ranks #270 out of 765 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Pakistan State Oil Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan State Oil Co's Cyclically Adjusted PB Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Pakistan State Oil Co ranks #270 out of 765 companies for Cyclically Adjusted PB Ratio. This puts Pakistan State Oil Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Pakistan State Oil Co's value of 0.82 is 32.2% below this benchmark. Historically, Pakistan State Oil Co's own Cyclically Adjusted PB Ratio has ranged from 0.33 to 1.21 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.21, Pakistan State Oil Co has consistently been below 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 1.21, 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. Pakistan State Oil Co's current Cyclically Adjusted PB Ratio of 0.82 is 32.2% below 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 State Oil Co and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan State Oil Co's current Cyclically Adjusted PB Ratio is 0.82, which is 24% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan State Oil Co stock overvalued right now?
Based on GuruFocus' analysis, Pakistan State Oil Co (KAR:PSO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨257.35, compared to a current price of ₨347.49 — trading 35% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.82, which is 24% above median its 10-year median of 0.66 and 32.2% below the Oil & Gas industry median of 1.21. Pakistan State Oil Co's overall GF Score™ is 83/100 with 2 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 State Oil Co (KAR:PSO), the current Cyclically Adjusted PB Ratio is 0.82 as of Aug. 03, 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 State Oil Co (KAR:PSO) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan State Oil Co stock appears to be overvalued. The current stock price of ₨347.49 is trading 35% above its estimated GF Value™ of ₨257.35. GuruFocus considers Pakistan State Oil Co to be Significantly Overvalued.

Key valuation signals for KAR:PSO:

  • Cyclically Adjusted PB Ratio: 0.82 (24% above median its 10-year median of 0.66)
  • GF Value™: ₨257.35 vs. price of ₨347.49 (35% above fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 32.2% below the Oil & Gas median (#270 of 765)

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


Pakistan State Oil Co Business Description

Industry EnergyOil & Gas
Address PSO House, Khayaban-e-Iqbal, Clifton, Karachi, SD, PAK, 75600
Pakistan State Oil Co Ltd is engaged in the procurement, storage, and marketing of petroleum and related products. It also blends and markets lubricating oils. It comprises three reportable segments: Petroleum products, Liquefied Natural Gas (LNG), and Others. The majority of the company's revenues are derived from the petroleum products segment.
83GF Score

Get the complete analysis for KAR:PSO

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

₨347.49
Price
₨257.35
GF Value