Golar LNG (LTS:0HDY) Cyclically Adjusted PB Ratio: 2.35 (As of Aug. 05, 2026) — 93% Above Median

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LTS:0HDY Golar LNG Ltd LTS:0HDY
76 GF Score
Price $49.40
GF Value $53.45
Valuation Fairly Valued
! 9 Warning Signs
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What is Golar LNG Cyclically Adjusted PB Ratio?

Golar LNG LTS:0HDY +1.23% 76 Cyclically Adjusted PB Ratio is 2.35 as of Aug. 05, 2026, which is 93% above its 10-year median of 1.22. GuruFocus rates LTS:0HDY with a GF Score™ of 76/100 and a GF Value™ of $53.45 (Fairly Valued). The stock has 9 warning signs investors should review. Among 763 Oil & Gas companies, Golar LNG ranks worse than 74.84% on this metric.

As of today (2026-08-05), Golar LNG's current share price is $49.40. Golar LNG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $20.98. Golar LNG's Cyclically Adjusted PB Ratio for today is 2.35.

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

LTS:0HDY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 1.22   Max: 2.72
Current: 2.34

During the past years, Golar LNG's highest Cyclically Adjusted PB Ratio was 2.72. The lowest was 0.30. And the median was 1.22.

LTS:0HDY's Cyclically Adjusted PB Ratio is ranked worse than
74.84% of 763 companies
in the Oil & Gas industry
Industry Median: 1.2 vs LTS:0HDY: 2.34

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.

Golar LNG's adjusted book value per share data for the three months ended in Mar. 2026 was $18.772. 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 $20.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Golar LNG  (LTS:0HDY) 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.


Golar LNG Cyclically Adjusted PB Ratio Related Terms


Golar LNG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Golar LNG'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.

Golar LNG Cyclically Adjusted PB Ratio Chart

Golar LNG 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 0.60 1.02 1.04 1.97 1.79

Golar LNG 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 1.77 1.94 1.92 1.79 2.58

LTS:0HDY vs HESM, PAGP, INSW: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Midstream subindustry, Golar LNG'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.


Golar LNG Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


LTS:0HDY
76GF Score
Golar LNG Ltd LTS:0HDY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golar LNG 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.

Golar LNG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.40/20.98
=2.35

* 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.

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

For example, Golar LNG'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)
=18.772/330.2130*330.2130
=18.772

Current CPI (Mar. 2026) = 330.2130.

Golar LNG Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.377 241.018 25.178
201609 18.002 241.428 24.622
201612 18.433 241.432 25.211
201703 18.173 243.801 24.614
201706 17.413 244.955 23.474
201709 16.976 246.819 22.712
201712 16.964 246.524 22.723
201803 16.686 249.554 22.079
201806 16.850 251.989 22.081
201809 20.367 252.439 26.642
201812 17.227 251.233 22.643
201903 16.686 254.202 21.675
201906 15.568 256.143 20.070
201909 14.710 256.759 18.918
201912 14.790 256.974 19.005
202003 13.911 258.115 17.797
202006 12.306 257.797 15.763
202009 12.086 260.280 15.333
202012 11.756 260.474 14.904
202103 11.949 264.877 14.896
202106 16.472 271.696 20.020
202109 15.867 274.310 19.101
202112 15.992 278.802 18.941
202203 19.153 287.504 21.998
202206 21.289 296.311 23.725
202209 22.597 296.808 25.140
202212 23.317 296.797 25.942
202303 20.011 301.836 21.892
202306 19.732 305.109 21.356
202309 20.347 307.789 21.829
202312 19.772 306.746 21.285
202403 0.000 312.332 0.000
202406 20.059 314.175 21.083
202409 19.451 315.301 20.371
202412 19.268 315.605 20.160
202503 19.052 319.799 19.672
202506 18.436 322.561 18.873
202509 18.527 324.800 18.836
202512 18.190 324.054 18.536
202603 18.772 330.213 18.772

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 2.35 mean?
Golar LNG (LTS:0HDY) has a Cyclically Adjusted PB Ratio of 2.35 as of Aug. 05, 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 Golar LNG and its competitors. This is 93% above median its historical median of 1.22. Over the past decade, Golar LNG's Cyclically Adjusted PB Ratio has ranged from 0.30 to 2.72. According to the industry distribution chart, Golar LNG ranks #571 out of 763 companies in the Oil & Gas industry, placing it in the top 74.8%.
Is Golar LNG's Cyclically Adjusted PB Ratio too high?
Golar LNG's current Cyclically Adjusted PB Ratio of 2.35 is 93% above median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 2.72. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Golar LNG's value of 2.35 is 95.8% above this industry median. Based on the distribution chart, Golar LNG ranks #571 out of 763 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Golar LNG has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Golar LNG's Cyclically Adjusted PB Ratio compare to HESM and PAGP?
According to the Oil & Gas industry distribution chart, Golar LNG ranks #571 out of 763 companies for Cyclically Adjusted PB Ratio. This places Golar LNG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Golar LNG's value of 2.35 is 95.8% above this benchmark. Historically, Golar LNG's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 2.72 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.20, Golar LNG 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 763 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. Golar LNG's current Cyclically Adjusted PB Ratio of 2.35 is 95.8% 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 Golar LNG 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. Golar LNG's current Cyclically Adjusted PB Ratio is 2.35, which is 93% above median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golar LNG stock overvalued right now?
Based on GuruFocus' analysis, Golar LNG (LTS:0HDY) is currently considered Fairly Valued. The stock's GF Value™ is $53.45, compared to a current price of $49.40 — trading 7.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.35, which is 93% above median its 10-year median of 1.22 and 95.8% above the Oil & Gas industry median of 1.20. Golar LNG's overall GF Score™ is 76/100 with 9 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 Golar LNG (LTS:0HDY), the current Cyclically Adjusted PB Ratio is 2.35 as of Aug. 05, 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 Golar LNG (LTS:0HDY) Overvalued in 2026?

Based on GuruFocus' analysis, Golar LNG stock appears to be undervalued. The current stock price of $49.40 is trading 7.6% below its estimated GF Value™ of $53.45. GuruFocus considers Golar LNG to be Fairly Valued.

Key valuation signals for LTS:0HDY:

  • Cyclically Adjusted PB Ratio: 2.35 (93% above median its 10-year median of 1.22)
  • GF Value™: $53.45 vs. price of $49.40 (7.6% below fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 95.8% above the Oil & Gas median (#571 of 763)

No single metric tells the full story. See the LTS:0HDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golar LNG Business Description

Industry EnergyOil & Gas
Address 9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11
Golar LNG Ltd designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas and provides floating liquefied natural gas (FLNG) services. It offers solutions for gas resource holders to develop and utilize gas reserves, including stranded, associated, flared, or underutilized resources. The company's reportable segments are: i) FLNG: includes the operations of FLNG vessels and projects, and ii) Corporate and other: includes legacy shipping segment activities, vessel management, floating storage and regasification unit services for third parties. The majority of the company's revenue is derived from the FLNG segment. Geographically, it generates the maximum revenue from Cameroon.
76GF Score

Get the complete analysis for LTS:0HDY

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

$49.40
Price
$53.45
GF Value