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.
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.
Cheniere EnergyLNG -0.89%83 Cyclically Adjusted PB Ratio is 89.32 as of Jul. 22, 2026, which is 24% below its 10-year median of 117.56. GuruFocus rates LNG with a GF Score™ of 83/100 and a GF Value™ of $250.59 (Fairly Valued). The stock has 5 warning signs investors should review. Among 773 Oil & Gas companies, Cheniere Energy ranks worse than 99.35% on this metric.
The historical rank and industry rank for Cheniere Energy's Cyclically Adjusted PB Ratio or its related term are showing as below:
LNG'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 76.48 Med: 117.56 Max: 718.47
Current: 90
During the past years, Cheniere Energy's highest Cyclically Adjusted PB Ratio was 718.47. The lowest was 76.48. And the median was 117.56.
LNG's Cyclically Adjusted PB Ratio is ranked worse than 99.35% of 773
companies
in the Oil & Gas industry
Industry Median: 1.2
vs LNG: 90.00
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.
Cheniere Energy's adjusted book value per share data for the three months ended in Mar. 2026 was $17.872. 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 $2.94 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Cheniere Energy (NYSE:LNG) 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.
Cheniere Energy Cyclically Adjusted PB Ratio Related Terms
Cheniere Energy Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Cheniere Energy'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.
Cheniere Energy Cyclically Adjusted PB Ratio Chart
LNG vs OKE, MPLX, TRGP: Cyclically Adjusted PB Ratio Comparison
For the Oil & Gas Midstream subindustry, Cheniere Energy'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.
Cheniere Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cheniere Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Cheniere Energy's Cyclically Adjusted PB Ratio falls into.
Cheniere Energy 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.
Cheniere Energy's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 89.32 mean?
Cheniere Energy (LNG) has a Cyclically Adjusted PB Ratio of 89.32 as of Jul. 22, 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 Cheniere Energy and its competitors. This is 24% below median its historical median of 117.56. Over the past decade, Cheniere Energy's Cyclically Adjusted PB Ratio has ranged from 76.48 to 718.47. According to the industry distribution chart, Cheniere Energy ranks #768 out of 773 companies in the Oil & Gas industry, placing it in the top 99.4%.
Is Cheniere Energy's Cyclically Adjusted PB Ratio too high?
Cheniere Energy's current Cyclically Adjusted PB Ratio of 89.32 is 24% below median its 10-year median of 117.56. Over the past 10 years, this metric has ranged from a low of 76.48 to a high of 718.47. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Cheniere Energy's value of 89.32 is 7343.3% above this industry median. Based on the distribution chart, Cheniere Energy ranks #768 out of 773 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Cheniere Energy has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cheniere Energy's Cyclically Adjusted PB Ratio compare to OKE and MPLX?
According to the Oil & Gas industry distribution chart, Cheniere Energy ranks #768 out of 773 companies for Cyclically Adjusted PB Ratio. This places Cheniere Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Cheniere Energy's value of 89.32 is 7343.3% above this benchmark. Historically, Cheniere Energy's own Cyclically Adjusted PB Ratio has ranged from 76.48 to 718.47 over the past decade. While the company's 10-year median is 117.56 vs. the industry median of 1.20, Cheniere Energy 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 1.20, based on 773 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. Cheniere Energy's current Cyclically Adjusted PB Ratio of 89.32 is 7343.3% 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 Cheniere Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheniere Energy's current Cyclically Adjusted PB Ratio is 89.32, which is 24% below median its own 10-year median of 117.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheniere Energy stock overvalued right now?
Based on GuruFocus' analysis, Cheniere Energy (LNG) is currently considered Fairly Valued. The stock's GF Value™ is $250.59, compared to a current price of $262.59 — trading 4.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 89.32, which is 24% below median its 10-year median of 117.56 and 7343.3% above the Oil & Gas industry median of 1.20. Cheniere Energy's overall GF Score™ is 83/100 with 5 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 Cheniere Energy (LNG), the current Cyclically Adjusted PB Ratio is 89.32 as of Jul. 22, 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 Cheniere Energy (LNG) Overvalued in 2026?
Based on GuruFocus' analysis, Cheniere Energy stock appears to be overvalued.
The current stock price of $262.59 is trading 4.8% above its estimated GF Value™ of $250.59.
GuruFocus considers Cheniere Energy to be Fairly Valued.
Key valuation signals for LNG:
Cyclically Adjusted PB Ratio: 89.32 (24% below median its 10-year median of 117.56)
GF Value™: $250.59 vs. price of $262.59 (4.8% above fair value)
Industry Position: 7343.3% above the Oil & Gas median (#768 of 773)
No single metric tells the full story. See the LNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheniere Energy is a liquified natural gas, or LNG, producer with two facilities in Corpus Christi, Texas and Sabine Pass, Louisiana. It generates most of its revenue through long-term contracts with customers on a fixed and variable fee payout structure. It also generates revenue by selling uncontracted LNG to customers on a short or one-time basis. A subsidiary, Cheniere Energy Partners, owns the Sabine Pass facility and trades as a master limited partnership.
83GF Score
Get the complete analysis for LNG
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LNG has been successfully added to your 
