Galp Energia SGPS (MEX:GALP N) Cyclically Adjusted PB Ratio: 3.01 (As of Jul. 30, 2026) — 23% Above Median

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MEX:GALP N Galp Energia SGPS SA MEX:GALP N
85 GF Score
Price MXN368.94
GF Value MXN312.75
! 3 Warning Signs
View Full Analysis

What is Galp Energia SGPS Cyclically Adjusted PB Ratio?

Galp Energia SGPS MEX:GALP N 85 Cyclically Adjusted PB Ratio is 3.01 as of Jul. 30, 2026, which is 23% above its 10-year median of 2.44. GuruFocus rates MEX:GALP N with a GF Score™ of 85/100 and a GF Value™ of MXN312.75. The stock has 3 warning signs investors should review. Among 764 Oil & Gas companies, Galp Energia SGPS ranks worse than 83.51% on this metric.

As of today (2026-07-30), Galp Energia SGPS's current share price is MXN368.94. Galp Energia SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN122.68. Galp Energia SGPS's Cyclically Adjusted PB Ratio for today is 3.01.

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

MEX:GALP N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.25   Med: 2.44   Max: 3.49
Current: 3.22

During the past years, Galp Energia SGPS's highest Cyclically Adjusted PB Ratio was 3.49. The lowest was 1.25. And the median was 2.44.

MEX:GALP N's Cyclically Adjusted PB Ratio is ranked worse than
83.51% of 764 companies
in the Oil & Gas industry
Industry Median: 1.2 vs MEX:GALP N: 3.22

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.

Galp Energia SGPS's adjusted book value per share data for the three months ended in Jun. 2026 was MXN118.355. 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 MXN122.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Galp Energia SGPS  (MEX:GALP N) 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.


Galp Energia SGPS Cyclically Adjusted PB Ratio Related Terms


Galp Energia SGPS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Galp Energia SGPS'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.

Galp Energia SGPS Cyclically Adjusted PB Ratio Chart

Galp Energia SGPS 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 1.50 2.11 2.28 2.62 2.39

Galp Energia SGPS 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 2.53 2.62 2.39 3.42 3.01

MEX:GALP N vs XOM, CVX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Integrated subindustry, Galp Energia SGPS'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.


Galp Energia SGPS Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


MEX:GALP N
85GF Score
Galp Energia SGPS SA MEX:GALP N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Galp Energia SGPS 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.

Galp Energia SGPS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=368.94/122.68
=3.01

* 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.

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

For example, Galp Energia SGPS'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)
=118.355/127.9600*127.9600
=118.355

Current CPI (Jun. 2026) = 127.9600.

Galp Energia SGPS Quarterly Data

Book Value per Share CPI Adj_Book
201609 124.681 101.122 157.771
201612 125.084 100.998 158.476
201703 127.069 101.924 159.528
201706 117.017 102.240 146.455
201709 120.795 102.527 150.759
201712 124.757 102.479 155.778
201803 120.301 102.626 149.998
201806 126.422 103.790 155.862
201809 119.213 103.960 146.734
201812 126.847 103.159 157.342
201903 125.986 103.495 155.768
201906 123.361 104.192 151.501
201909 119.347 103.844 147.063
201912 114.665 103.592 141.637
202003 135.870 103.544 167.909
202006 118.322 104.323 145.131
202009 109.038 103.699 134.548
202012 94.668 103.354 117.206
202103 106.072 104.014 130.492
202106 97.177 104.852 118.593
202109 85.559 105.232 104.038
202112 87.579 106.191 105.533
202203 85.241 109.559 99.557
202206 103.439 114.003 116.103
202209 104.997 114.999 116.831
202212 108.231 116.377 119.003
202303 106.216 117.701 115.474
202306 99.163 117.872 107.650
202309 108.421 119.111 116.476
202312 108.376 118.032 117.491
202403 114.744 120.396 121.953
202406 127.110 121.165 134.238
202409 130.352 121.574 137.199
202412 136.485 121.585 143.641
202503 141.268 122.624 147.415
202506 127.405 124.042 131.429
202509 127.826 124.490 131.389
202512 126.414 124.240 130.199
202603 107.480 125.940 109.204
202606 118.355 127.960 118.355

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 3.01 mean?
Galp Energia SGPS (MEX:GALP N) has a Cyclically Adjusted PB Ratio of 3.01 as of Jul. 30, 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 Galp Energia SGPS and its competitors. This is 23% above median its historical median of 2.44. Over the past decade, Galp Energia SGPS's Cyclically Adjusted PB Ratio has ranged from 1.25 to 3.49. According to the industry distribution chart, Galp Energia SGPS ranks #638 out of 764 companies in the Oil & Gas industry, placing it in the top 83.5%.
Is Galp Energia SGPS's Cyclically Adjusted PB Ratio too high?
Galp Energia SGPS's current Cyclically Adjusted PB Ratio of 3.01 is 23% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 3.49. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Galp Energia SGPS's value of 3.01 is 150.8% above this industry median. Based on the distribution chart, Galp Energia SGPS ranks #638 out of 764 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Galp Energia SGPS has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Galp Energia SGPS's Cyclically Adjusted PB Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Galp Energia SGPS ranks #638 out of 764 companies for Cyclically Adjusted PB Ratio. This places Galp Energia SGPS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Galp Energia SGPS's value of 3.01 is 150.8% above this benchmark. Historically, Galp Energia SGPS's own Cyclically Adjusted PB Ratio has ranged from 1.25 to 3.49 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 1.20, Galp Energia SGPS 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 764 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. Galp Energia SGPS's current Cyclically Adjusted PB Ratio of 3.01 is 150.8% 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 Galp Energia SGPS 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. Galp Energia SGPS's current Cyclically Adjusted PB Ratio is 3.01, which is 23% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galp Energia SGPS stock overvalued right now?
Galp Energia SGPS (MEX:GALP N) has a current Cyclically Adjusted PB Ratio of 3.01. The stock's GF Value™ is MXN312.75, compared to a current price of MXN368.94 — trading 18% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.01, which is 23% above median its 10-year median of 2.44 and 150.8% above the Oil & Gas industry median of 1.20. Galp Energia SGPS's overall GF Score™ is 85/100 with 3 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 Galp Energia SGPS (MEX:GALP N), the current Cyclically Adjusted PB Ratio is 3.01 as of Jul. 30, 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 Galp Energia SGPS (MEX:GALP N) Overvalued in 2026?

Based on GuruFocus' analysis, Galp Energia SGPS stock appears to be overvalued. The current stock price of MXN368.94 is trading 18% above its estimated GF Value™ of MXN312.75.

Key valuation signals for MEX:GALP N:

  • Cyclically Adjusted PB Ratio: 3.01 (23% above median its 10-year median of 2.44)
  • GF Value™: MXN312.75 vs. price of MXN368.94 (18% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 150.8% above the Oil & Gas median (#638 of 764)

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


Galp Energia SGPS Business Description

Industry EnergyOil & Gas
Address Avenida da India, Lisboa, PRT, 1349-065
Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables, and New Businesses. The Upstream segment involves, management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New Businesses segment represents Galp's presence in the renewable and new energies space.
85GF Score

Get the complete analysis for MEX:GALP N

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

MXN368.94
Price
MXN312.75
GF Value