Murphy USA (MEX:MUSA1) Cyclically Adjusted PB Ratio: 14.14 (As of Sep. 12, 2026) — 16% Above Median

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MEX:MUSA1 Murphy USA Inc MEX:MUSA1
62 GF Score
Price MXN8,695.00
GF Value MXN8,760.26
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Murphy USA Cyclically Adjusted PB Ratio?

Murphy USA MEX:MUSA1 62 Cyclically Adjusted PB Ratio is 14.14 as of Sep. 12, 2026, which is 16% above its 10-year median of 12.17. GuruFocus rates MEX:MUSA1 with a GF Score™ of 62/100 and a GF Value™ of MXN8,760.26 (Fairly Valued). The stock has 3 warning signs investors should review. Among 758 Retail - Cyclical companies, Murphy USA ranks worse than 97.1% on this metric.

As of today (2026-09-12), Murphy USA's current share price is MXN8695.00. Murphy USA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN614.98. Murphy USA's Cyclically Adjusted PB Ratio for today is 14.14.

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

MEX:MUSA1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.7   Med: 12.17   Max: 18.1
Current: 14.88

During the past years, Murphy USA's highest Cyclically Adjusted PB Ratio was 18.10. The lowest was 6.70. And the median was 12.17.

MEX:MUSA1's Cyclically Adjusted PB Ratio is ranked worse than
97.1% of 758 companies
in the Retail - Cyclical industry
Industry Median: 1.23 vs MEX:MUSA1: 14.88

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.

Murphy USA's adjusted book value per share data for the three months ended in Jun. 2026 was MXN743.054. 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 MXN614.98 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Murphy USA  (MEX:MUSA1) 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.


Murphy USA Cyclically Adjusted PB Ratio Related Terms


Murphy USA Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Murphy USA'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.

Murphy USA Cyclically Adjusted PB Ratio Chart

Murphy USA 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 8.03 10.39 12.27 15.79 12.04

Murphy USA 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 12.32 11.63 12.04 14.36 15.32

MEX:MUSA1 vs GME, DKS, FIVE: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Murphy USA'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.


Murphy USA Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:MUSA1
62GF Score
Murphy USA Inc MEX:MUSA1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Murphy USA 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.

Murphy USA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8695.00/614.98
=14.14

* 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.

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

For example, Murphy USA'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)
=743.054/333.9520*333.9520
=743.054

Current CPI (Jun. 2026) = 333.9520.

Murphy USA Quarterly Data

Book Value per Share CPI Adj_Book
201609 380.292 241.428 526.034
201612 389.095 241.432 538.201
201703 344.452 243.801 471.821
201706 341.264 244.955 465.252
201709 346.882 246.819 469.340
201712 425.373 246.524 576.229
201803 385.580 249.554 515.981
201806 419.115 251.989 555.438
201809 422.880 252.439 559.429
201812 491.347 251.233 653.124
201903 481.061 254.202 631.983
201906 490.467 256.143 639.457
201909 499.968 256.759 650.280
201912 497.196 256.974 646.134
202003 600.143 258.115 776.472
202006 726.210 257.797 940.737
202009 692.625 260.280 888.672
202012 572.400 260.474 733.870
202103 592.640 264.877 747.190
202106 583.740 271.696 717.497
202109 661.629 274.310 805.484
202112 664.083 278.802 795.446
202203 651.168 287.504 756.368
202206 657.074 296.311 740.543
202209 681.955 296.808 767.298
202212 574.303 296.797 646.198
202303 593.138 301.836 656.249
202306 599.993 305.109 656.712
202309 691.042 307.789 749.783
202312 675.239 306.746 735.127
202403 626.104 312.332 669.444
202406 725.312 314.175 770.970
202409 807.196 315.301 854.944
202412 875.343 315.605 926.229
202503 744.951 319.799 777.919
202506 630.601 322.561 652.870
202509 534.639 324.800 549.704
202512 604.684 324.054 623.154
202603 643.070 330.213 650.351
202606 743.054 333.952 743.054

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 14.14 mean?
Murphy USA (MEX:MUSA1) has a Cyclically Adjusted PB Ratio of 14.14 as of Sep. 12, 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 Murphy USA and its competitors. This is 16% above median its historical median of 12.17. Over the past decade, Murphy USA's Cyclically Adjusted PB Ratio has ranged from 6.70 to 18.10. According to the industry distribution chart, Murphy USA ranks #736 out of 758 companies in the Retail - Cyclical industry, placing it in the top 97.1%.
Is Murphy USA's Cyclically Adjusted PB Ratio too high?
Murphy USA's current Cyclically Adjusted PB Ratio of 14.14 is 16% above median its 10-year median of 12.17. Over the past 10 years, this metric has ranged from a low of 6.70 to a high of 18.10. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.23. Murphy USA's value of 14.14 is 1049.6% above this industry median. Based on the distribution chart, Murphy USA ranks #736 out of 758 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Murphy USA has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Murphy USA's Cyclically Adjusted PB Ratio compare to GME and DKS?
According to the Retail - Cyclical industry distribution chart, Murphy USA ranks #736 out of 758 companies for Cyclically Adjusted PB Ratio. This places Murphy USA in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Murphy USA's value of 14.14 is 1049.6% above this benchmark. Historically, Murphy USA's own Cyclically Adjusted PB Ratio has ranged from 6.70 to 18.10 over the past decade. While the company's 10-year median is 12.17 vs. the industry median of 1.23, Murphy USA 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 a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.23, based on 758 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. Murphy USA's current Cyclically Adjusted PB Ratio of 14.14 is 1049.6% 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 Murphy USA and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Murphy USA's current Cyclically Adjusted PB Ratio is 14.14, which is 16% above median its own 10-year median of 12.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murphy USA stock overvalued right now?
Based on GuruFocus' analysis, Murphy USA (MEX:MUSA1) is currently considered Fairly Valued. The stock's GF Value™ is MXN8,760.26, compared to a current price of MXN8,695.00 — trading 0.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 14.14, which is 16% above median its 10-year median of 12.17 and 1049.6% above the Retail - Cyclical industry median of 1.23. Murphy USA's overall GF Score™ is 62/100 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 Murphy USA (MEX:MUSA1), the current Cyclically Adjusted PB Ratio is 14.14 as of Sep. 12, 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 Murphy USA (MEX:MUSA1) Overvalued in 2026?

Based on GuruFocus' analysis, Murphy USA stock appears to be undervalued. The current stock price of MXN8,695.00 is trading 0.7% below its estimated GF Value™ of MXN8,760.26. GuruFocus considers Murphy USA to be Fairly Valued.

Key valuation signals for MEX:MUSA1:

  • Cyclically Adjusted PB Ratio: 14.14 (16% above median its 10-year median of 12.17)
  • GF Value™: MXN8,760.26 vs. price of MXN8,695.00 (0.7% below fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 1049.6% above the Retail - Cyclical median (#736 of 758)

No single metric tells the full story. See the MEX:MUSA1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Murphy USA Business Description

Other Exchanges MUSA:USA
Address 200 Peach Street, El Dorado, AR, USA, 71730-5836
Murphy USA Inc is mainly engaged in the marketing of retail motor fuel products and convenience merchandise through a network of several retail stores in the Southwest, Southeast, Midwest, and Northeast United States. The majority of Murphy USA's stores are located in proximity to Walmart Supercenters, but it also operates standalone stores that market gasoline and other products under the Murphy USA, Murphy Express, and QuickChek brands. In addition, the company also markets fuel to unbranded wholesale customers through a mixture of company-owned and third-party product distribution terminals and pipeline positions. The firm generates maximum revenue through retail sales of petroleum products, and the rest from merchandise sales and wholesale of petroleum products.
62GF Score

Get the complete analysis for MEX:MUSA1

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

MXN8,695.00
Price
MXN8,760.26
GF Value