TORM (LTS:0RG4) Cyclically Adjusted PB Ratio: 1.58 (As of Jul. 24, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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LTS:0RG4 TORM PLC LTS:0RG4
77 GF Score
Price kr194.30
GF Value kr138.91
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is TORM Cyclically Adjusted PB Ratio?

TORM LTS:0RG4 -1.07% 77 Cyclically Adjusted PB Ratio is 1.58 as of Jul. 24, 2026, which is 2% below its 10-year median of 1.62. GuruFocus rates LTS:0RG4 with a GF Score™ of 77/100 and a GF Value™ of kr138.91 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 771 Oil & Gas companies, TORM ranks worse than 60.57% on this metric.

As of today (2026-07-24), TORM's current share price is kr194.30. TORM's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr122.97. TORM's Cyclically Adjusted PB Ratio for today is 1.58.

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

LTS:0RG4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 1.62   Max: 54.16
Current: 1.56

During the past years, TORM's highest Cyclically Adjusted PB Ratio was 54.16. The lowest was 0.01. And the median was 1.62.

LTS:0RG4's Cyclically Adjusted PB Ratio is ranked worse than
60.57% of 771 companies
in the Oil & Gas industry
Industry Median: 1.21 vs LTS:0RG4: 1.56

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.

TORM's adjusted book value per share data for the three months ended in Mar. 2026 was kr143.901. 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 kr122.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TORM  (LTS:0RG4) 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.


TORM Cyclically Adjusted PB Ratio Related Terms


TORM Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TORM'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.

TORM Cyclically Adjusted PB Ratio Chart

TORM 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 0.00 5.47 45.16 0.00 1.01

TORM 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 2.38 0.86 1.05 1.01 1.46

LTS:0RG4 vs WMB, EPD, KMI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Midstream subindustry, TORM'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.


TORM Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


LTS:0RG4
77GF Score
TORM PLC LTS:0RG4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TORM 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.

TORM's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=194.30/122.97
=1.58

* 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.

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

For example, TORM'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)
=143.901/140.8000*140.8000
=143.901

Current CPI (Mar. 2026) = 140.8000.

TORM Quarterly Data

Book Value per Share CPI Adj_Book
201606 104.671 101.000 145.918
201609 102.657 101.500 142.405
201612 88.810 102.200 122.353
201703 88.198 102.700 120.918
201706 84.121 103.500 114.437
201709 78.985 104.300 106.626
201712 80.252 105.000 107.614
201803 72.919 105.100 97.688
201806 76.145 105.900 101.239
201809 74.294 106.600 98.129
201812 75.176 107.100 98.831
201903 77.457 107.000 101.925
201906 77.334 107.900 100.914
201909 78.125 108.400 101.476
201912 90.632 108.500 117.613
202003 95.229 108.600 123.464
202006 98.968 108.800 128.076
202009 89.378 109.200 115.242
202012 83.674 109.400 107.690
202103 84.285 109.700 108.180
202106 81.957 111.400 103.587
202109 82.340 112.400 103.145
202112 85.762 114.700 105.277
202203 91.355 116.500 110.410
202206 104.935 120.500 122.613
202209 129.060 122.300 148.583
202212 128.874 125.300 144.816
202303 138.918 126.800 154.256
202306 127.374 129.400 138.596
202309 129.753 130.100 140.424
202312 132.667 130.500 143.138
202403 153.465 131.600 164.194
202406 150.638 133.000 159.472
202409 144.044 133.500 151.921
202412 151.778 135.100 158.182
202503 151.130 136.100 156.349
202506 139.150 138.400 141.563
202509 139.752 138.900 141.664
202512 138.643 139.900 139.535
202603 143.901 140.800 143.901

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 1.58 mean?
TORM (LTS:0RG4) has a Cyclically Adjusted PB Ratio of 1.58 as of Jul. 24, 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 TORM and its competitors. This is near median its historical median of 1.62. Over the past decade, TORM's Cyclically Adjusted PB Ratio has ranged from 0.01 to 54.16. According to the industry distribution chart, TORM ranks #467 out of 771 companies in the Oil & Gas industry, placing it in the top 60.6%.
Is TORM's Cyclically Adjusted PB Ratio too high?
TORM's current Cyclically Adjusted PB Ratio of 1.58 is near median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 54.16. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. TORM's value of 1.58 is 30.6% above this industry median. Based on the distribution chart, TORM ranks #467 out of 771 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, TORM has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TORM's Cyclically Adjusted PB Ratio compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, TORM ranks #467 out of 771 companies for Cyclically Adjusted PB Ratio. This places TORM in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. TORM's value of 1.58 is 30.6% above this benchmark. Historically, TORM's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 54.16 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.21, TORM 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 1.21, based on 771 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. TORM's current Cyclically Adjusted PB Ratio of 1.58 is 30.6% 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 TORM and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TORM's current Cyclically Adjusted PB Ratio is 1.58, which is near median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TORM stock overvalued right now?
Based on GuruFocus' analysis, TORM (LTS:0RG4) is currently considered Significantly Overvalued. The stock's GF Value™ is kr138.91, compared to a current price of kr194.30 — trading 39.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.58, which is near median its 10-year median of 1.62 and 30.6% above the Oil & Gas industry median of 1.21. TORM's overall GF Score™ is 77/100 with 6 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 TORM (LTS:0RG4), the current Cyclically Adjusted PB Ratio is 1.58 as of Jul. 24, 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 TORM (LTS:0RG4) Overvalued in 2026?

Based on GuruFocus' analysis, TORM stock appears to be overvalued. The current stock price of kr194.30 is trading 39.9% above its estimated GF Value™ of kr138.91. GuruFocus considers TORM to be Significantly Overvalued.

Key valuation signals for LTS:0RG4:

  • Cyclically Adjusted PB Ratio: 1.58 (near median its 10-year median of 1.62)
  • GF Value™: kr138.91 vs. price of kr194.30 (39.9% above fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 30.6% above the Oil & Gas median (#467 of 771)

No single metric tells the full story. See the LTS:0RG4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TORM Business Description

Industry EnergyOil & Gas
Address 120 Cannon Street, 4th Floor, London, GBR, EC4N 6AS
TORM PLC operates as a shipping company mainly owning and operating a fleet of product tankers. It is engaged in the transportation of refined oil products and clean petroleum products, including gasoline, jet fuel, naphtha, and diesel oil. The Company operates through two segments: the Tanker segment and the Marine Engineering segment, deriving the majority of its revenue from the Tanker segment.
77GF Score

Get the complete analysis for LTS:0RG4

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

kr194.30
Price
kr138.91
GF Value