Expand Energy (MEX:EXE) Cyclically Adjusted PB Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

MEX:EXE Expand Energy Corp MEX:EXE
62 GF Score
Price MXN1,619.00
GF Value MXN2,124.92
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Expand Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Expand Energy  (MEX:EXE) 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.


Expand Energy Cyclically Adjusted PB Ratio Related Terms


Expand Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Expand 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.

Expand Energy Cyclically Adjusted PB Ratio Chart

Expand 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 0.05 0.10 0.16 0.00 0.00

Expand Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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

MEX:EXE vs PR, OVV, TPL: Cyclically Adjusted PB Ratio Comparison

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


Expand Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


MEX:EXE
62GF Score
Expand Energy Corp MEX:EXE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Expand 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.

Expand Energy's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Expand Energy's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1445.211/333.9520*333.9520
=1,445.211

Current CPI (Jun. 2026) = 333.9520.

Expand Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 -21,070.162 241.428 -29,145.015
201612 -14,291.382 241.432 -19,768.032
201703 -12,981.227 243.801 -17,781.333
201706 -10,415.257 244.955 -14,199.326
201709 -10,523.598 246.819 -14,238.679
201712 -9,390.732 246.524 -12,721.089
201803 -7,563.834 249.554 -10,121.887
201806 -8,252.790 251.989 -10,937.127
201809 -7,532.132 252.439 -9,964.271
201812 1,815.979 251.233 2,413.894
201903 5,781.271 254.202 7,595.011
201906 5,943.815 256.143 7,749.378
201909 6,210.534 256.759 8,077.693
201912 5,288.230 256.974 6,872.349
202003 -13,363.251 258.115 -17,289.520
202006 -13,783.176 257.797 -17,854.821
202009 -14,842.532 260.280 -19,043.696
202012 -1,416.518 260.474 -1,816.108
202103 810.274 264.877 1,021.578
202106 693.582 271.696 852.508
202109 635.561 274.310 773.748
202112 986.583 278.802 1,181.740
202203 843.599 287.504 979.887
202206 960.978 296.311 1,083.053
202209 1,052.210 296.808 1,183.889
202212 1,320.428 296.797 1,485.728
202303 1,383.021 301.836 1,530.177
202306 1,343.241 305.109 1,470.222
202309 1,363.418 307.789 1,479.313
202312 1,392.436 306.746 1,515.934
202403 1,353.715 312.332 1,447.421
202406 1,447.441 314.175 1,538.556
202409 1,484.773 315.301 1,572.602
202412 1,580.577 315.605 1,672.460
202503 1,480.979 319.799 1,546.521
202506 1,422.438 322.561 1,472.670
202509 1,398.057 324.800 1,437.451
202512 1,398.160 324.054 1,440.866
202603 1,468.087 330.213 1,484.710
202606 1,445.211 333.952 1,445.211

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 Expand Energy (MEX:EXE) Overvalued in 2026?

Based on GuruFocus' analysis, Expand Energy stock appears to be undervalued. The current stock price of MXN1,619.00 is trading 23.8% below its estimated GF Value™ of MXN2,124.92. GuruFocus considers Expand Energy to be Modestly Undervalued.

Key valuation signals for MEX:EXE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN2,124.92 vs. price of MXN1,619.00 (23.8% below fair value)
  • GF Score™: 62/100 with 3 warning signs

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


Expand Energy Business Description

Industry EnergyOil & Gas
Address 6100 North Western Avenue, Oklahoma City, OK, USA, 73118
Expand Energy is a North American natural gas producer in the Haynesville and Appalachian basins, formed by the combination of Chesapeake and Southwestern. Its largest operation by volume is the Haynesville basin in Louisiana, which is heavily exposed to nearby LNG production. Appalachia benefits from its proximity to population centers in the Northeast and mid-Atlantic regions.
62GF Score

Get the complete analysis for MEX:EXE

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

MXN1,619.00
Price
MXN2,124.92
GF Value