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MEGEF (MEG Energy) Cyclically Adjusted PB Ratio : 1.51 (As of May. 31, 2025)


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What is MEG Energy Cyclically Adjusted PB Ratio?

As of today (2025-05-31), MEG Energy's current share price is $17.51. MEG Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $11.63. MEG Energy's Cyclically Adjusted PB Ratio for today is 1.51.

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

MEGEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.88   Max: 1.92
Current: 1.43

During the past years, MEG Energy's highest Cyclically Adjusted PB Ratio was 1.92. The lowest was 0.06. And the median was 0.88.

MEGEF's Cyclically Adjusted PB Ratio is ranked worse than
67.35% of 778 companies
in the Oil & Gas industry
Industry Median: 0.9 vs MEGEF: 1.43

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.

MEG Energy's adjusted book value per share data for the three months ended in Mar. 2025 was $12.547. 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 $11.63 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


MEG Energy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MEG 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.

* Premium members only.

MEG Energy Cyclically Adjusted PB Ratio Chart

MEG Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.65 1.05 1.36 1.42

MEG Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.79 1.70 1.50 1.42 1.51

Competitive Comparison of MEG Energy's Cyclically Adjusted PB Ratio

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


MEG Energy's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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


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MEG 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.

MEG Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.51/11.63
=1.51

* 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.

MEG Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, MEG Energy's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=12.547/129.1809*129.1809
=12.547

Current CPI (Mar. 2025) = 129.1809.

MEG Energy Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.673 100.500 20.146
201509 13.259 100.421 17.056
201512 11.920 99.947 15.406
201603 12.812 101.054 16.378
201606 12.606 102.002 15.965
201609 12.054 101.765 15.301
201612 10.880 101.449 13.854
201703 9.660 102.634 12.159
201706 9.971 103.029 12.502
201709 11.027 103.345 13.784
201712 10.556 103.345 13.195
201803 10.812 105.004 13.301
201806 10.131 105.557 12.398
201809 10.515 105.636 12.859
201812 9.741 105.399 11.939
201903 9.701 106.979 11.714
201906 9.545 107.690 11.450
201909 9.660 107.611 11.596
201912 9.769 107.769 11.710
202003 8.592 107.927 10.284
202006 8.551 108.401 10.190
202009 8.728 108.164 10.424
202012 9.043 108.559 10.761
202103 9.162 110.298 10.731
202106 9.509 111.720 10.995
202109 9.333 112.905 10.678
202112 9.695 113.774 11.008
202203 10.729 117.646 11.781
202206 11.029 120.806 11.794
202209 10.980 120.648 11.757
202212 11.084 120.964 11.837
202303 11.066 122.702 11.650
202306 11.705 124.203 12.174
202309 12.107 125.230 12.489
202312 12.286 125.072 12.690
202403 12.235 126.258 12.518
202406 12.371 127.522 12.532
202409 12.803 127.285 12.994
202412 12.281 127.364 12.456
202503 12.547 129.181 12.547

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.


MEG Energy  (OTCPK:MEGEF) 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.


MEG Energy Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of MEG Energy's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


MEG Energy Business Description

Industry
Traded in Other Exchanges
Address
600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5
MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production at its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.