LPG (Dorian LPG) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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
Founder & CEO of GuruFocus
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.

LPG Dorian LPG Ltd LPG
87 GF Score
Price $45.76
GF Value $40.95
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Dorian LPG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dorian LPG  (NYSE:LPG) 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.


Dorian LPG Cyclically Adjusted PB Ratio Related Terms


Dorian LPG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dorian LPG'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.

Dorian LPG Cyclically Adjusted PB Ratio Chart

Dorian LPG 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 0.00 0.00 1.71 0.95 1.39

Dorian LPG 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 1.02 1.24 1.01 1.39 1.39

LPG vs NGL, GEL, FLNG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Midstream subindustry, Dorian LPG'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.


Dorian LPG Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


LPG
87GF Score
Dorian LPG Ltd LPG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dorian LPG 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.

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

For example, Dorian LPG'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)
=28.937/333.9520*333.9520
=28.937

Current CPI (Jun. 2026) = 333.9520.

Dorian LPG Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.587 241.428 24.327
201612 17.700 241.432 24.483
201703 17.754 243.801 24.319
201706 17.598 244.955 23.992
201709 17.400 246.819 23.543
201712 17.451 246.524 23.640
201803 17.415 249.554 23.305
201806 17.030 251.989 22.569
201809 16.903 252.439 22.361
201812 16.809 251.233 22.343
201903 16.544 254.202 21.734
201906 16.691 256.143 21.761
201909 17.465 256.759 22.716
201912 18.190 256.974 23.639
202003 19.223 258.115 24.871
202006 19.399 257.797 25.130
202009 19.449 260.280 24.954
202012 20.361 260.474 26.105
202103 22.819 264.877 28.770
202106 23.181 271.696 28.493
202109 22.595 274.310 27.508
202112 23.025 278.802 27.580
202203 22.898 287.504 26.597
202206 21.037 296.311 23.709
202209 20.464 296.808 23.025
202212 20.751 296.797 23.349
202303 21.639 301.836 23.941
202306 21.925 305.109 23.998
202309 22.737 307.789 24.670
202312 24.233 306.746 26.382
202403 25.198 312.332 26.942
202406 26.276 314.175 27.930
202409 25.424 315.301 26.928
202412 24.963 315.605 26.414
202503 24.471 319.799 25.554
202506 24.264 322.561 25.121
202509 24.897 324.800 25.599
202512 25.398 324.054 26.174
202603 26.623 330.213 26.924
202606 28.937 333.952 28.937

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 Dorian LPG (LPG) Overvalued in 2026?

Based on GuruFocus' analysis, Dorian LPG stock appears to be overvalued. The current stock price of $45.76 is trading 11.7% above its estimated GF Value™ of $40.95. GuruFocus considers Dorian LPG to be Modestly Overvalued.

Key valuation signals for LPG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $40.95 vs. price of $45.76 (11.7% above fair value)
  • GF Score™: 87/100 with 4 warning signs

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


Dorian LPG Business Description

Industry EnergyOil & Gas
Other Exchanges 0A8W:UK0DA:Germany
Address 27 Signal Road, Stamford, CT, USA, 06902
Dorian LPG Ltd is an international liquefied petroleum gas shipping company focused on owning and operating gas carriers, or VLGCs. The company currently owns and operates around 22 modern VLGCs, including nineteen new fuel-efficient 84,000 cbm ECO-design VLGCs. Dorian LPG has offices in Connecticut, USA, London, United Kingdom, and Athens, Greece. IT operates in one reportable segment, the international transportation of LPG.
87GF Score

Get the complete analysis for LPG

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

$45.76
Price
$40.95
GF Value