PBG (LTS:0KRS) Cyclically Adjusted PB Ratio: (As of Aug. 16, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

LTS:0KRS PBG SA LTS:0KRS
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What is PBG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PBG  (LTS:0KRS) 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.


PBG Cyclically Adjusted PB Ratio Related Terms


PBG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PBG'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.

PBG Cyclically Adjusted PB Ratio Chart

PBG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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PBG 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 0.00 0.00 0.00 0.00 0.00

LTS:0KRS vs SLB, HAL, BKR: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, PBG'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.


PBG Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


LTS:0KRS
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PBG SA LTS:0KRS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PBG 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.

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

For example, PBG'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)
=-8.171/163.0700*163.0700
=-8.171

Current CPI (Mar. 2026) = 163.0700.

PBG Quarterly Data

Book Value per Share CPI Adj_Book
201606 -2.289 99.552 -3.749
201609 -1.941 99.064 -3.195
201612 -0.086 100.366 -0.140
201703 -0.079 101.018 -0.128
201706 -0.095 101.180 -0.153
201709 -0.095 101.343 -0.153
201712 -0.207 102.564 -0.329
201803 -0.217 102.564 -0.345
201806 -0.238 103.378 -0.375
201809 -0.245 103.378 -0.386
201812 -0.254 103.785 -0.399
201903 -0.260 104.274 -0.407
201906 -0.335 105.983 -0.515
201909 -0.386 105.983 -0.594
201912 -5.727 107.123 -8.718
202003 -5.760 109.076 -8.611
202006 -5.966 109.402 -8.893
202009 -5.997 109.320 -8.946
202012 -6.206 109.565 -9.237
202103 -6.238 112.658 -9.029
202106 -6.280 113.960 -8.986
202109 -6.355 115.588 -8.966
202112 -6.441 119.088 -8.820
202203 -6.562 125.031 -8.558
202206 -6.601 131.705 -8.173
202209 -6.719 135.531 -8.084
202212 -6.815 139.113 -7.989
202303 -6.933 145.950 -7.746
202306 -7.056 147.009 -7.827
202309 -7.169 146.113 -8.001
202312 -7.269 147.741 -8.023
202403 -7.381 149.044 -8.076
202406 -7.480 150.997 -8.078
202409 -7.608 153.439 -8.086
202412 -7.724 154.660 -8.144
202503 -7.825 157.021 -8.126
202506 -7.908 157.509 -8.187
202509 -7.998 158.000 -8.255
202512 -8.086 158.320 -8.329
202603 -8.171 163.070 -8.171

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.


PBG Business Description

Industry EnergyOil & Gas
Address Ulica Skorzewska 35, Wysogotowo k. Poznania, Przezmierowo, POL, 62-081
PBG SA provides services in the execution of a comprehensive system for natural gas, crude oil, and fuels. It acts as a general contractor, in terms of design, construction, operation in the areas of mining and natural gas transmission.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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