Capricorn Energy (LSE:CNE) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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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
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.

LSE:CNE Capricorn Energy PLC LSE:CNE
74 GF Score
Price £3.81
GF Value £2.32
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Capricorn Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Capricorn Energy  (LSE:CNE) 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.


Capricorn Energy Cyclically Adjusted PB Ratio Related Terms


Capricorn Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Capricorn 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.

Capricorn Energy Cyclically Adjusted PB Ratio Chart

Capricorn Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.75 0.16 0.24 0.17

Capricorn Energy Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.16 0.14 0.24 0.20 0.17

LSE:CNE vs COP, EOG, OXY: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, Capricorn 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.


Capricorn Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


LSE:CNE
74GF Score
Capricorn Energy PLC LSE:CNE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Capricorn 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.

Capricorn Energy's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Capricorn Energy's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=4.042/139.9000*139.9000
=4.042

Current CPI (Dec25) = 139.9000.

Capricorn Energy Annual Data

Book Value per Share CPI Adj_Book
201612 14.769 102.200 20.217
201712 15.270 105.000 20.345
201812 9.008 107.100 11.767
201912 9.034 108.500 11.648
202012 6.759 109.400 8.643
202112 10.981 114.700 13.394
202212 12.207 125.300 13.629
202312 4.386 130.500 4.702
202412 4.066 135.100 4.210
202512 4.042 139.900 4.042

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 Capricorn Energy (LSE:CNE) Overvalued in 2026?

Based on GuruFocus' analysis, Capricorn Energy stock appears to be overvalued. The current stock price of £3.81 is trading 64.2% above its estimated GF Value™ of £2.32. GuruFocus considers Capricorn Energy to be Significantly Overvalued.

Key valuation signals for LSE:CNE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: £2.32 vs. price of £3.81 (64.2% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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


Capricorn Energy Business Description

Industry EnergyOil & Gas
Address 50 Lothian Road, Edinburgh, GBR, EH3 9BY
Capricorn Energy PLC is an energy producer focused on oil and gas. Its portfolio includes onshore development and production assets in the Egyptian Western Desert. Capricorn's segments include: Egypt; Other Capricorn Energy Group segment, and an Other countries segment, which combines costs related to legacy assets in Mauritania and Suriname and ongoing new venture activities in the UK. Geographically, the company derives its key revenue from Egypt through oil and gas sales.
74GF Score

Get the complete analysis for LSE:CNE

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

£3.81
Price
£2.32
GF Value