PBF Energy (MEX:PBF) Cyclically Adjusted PB Ratio: 1.80 (As of Jul. 18, 2026) — 62% Above Median

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:PBF PBF Energy Inc MEX:PBF
50 GF Score
Price MXN1,102.00
GF Value MXN591.66
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is PBF Energy Cyclically Adjusted PB Ratio?

PBF Energy MEX:PBF +4.18% 50 Cyclically Adjusted PB Ratio is 1.80 as of Jul. 18, 2026, which is 62% above its 10-year median of 1.11. GuruFocus rates MEX:PBF with a GF Score™ of 50/100 and a GF Value™ of MXN591.66 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 773 Oil & Gas companies, PBF Energy ranks worse than 64.29% on this metric.

As of today (2026-07-18), PBF Energy's current share price is MXN1102.00. PBF Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN612.97. PBF Energy's Cyclically Adjusted PB Ratio for today is 1.80.

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

MEX:PBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 1.11   Max: 2.26
Current: 1.84

During the past years, PBF Energy's highest Cyclically Adjusted PB Ratio was 2.26. The lowest was 0.20. And the median was 1.11.

MEX:PBF's Cyclically Adjusted PB Ratio is ranked worse than
64.29% of 773 companies
in the Oil & Gas industry
Industry Median: 1.18 vs MEX:PBF: 1.84

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.

PBF Energy's adjusted book value per share data for the three months ended in Mar. 2026 was MXN841.537. 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 MXN612.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PBF Energy  (MEX:PBF) 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.


PBF Energy Cyclically Adjusted PB Ratio Related Terms


PBF Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PBF 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.

PBF Energy Cyclically Adjusted PB Ratio Chart

PBF 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 0.57 1.79 1.68 0.89 0.82

PBF Energy 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 0.62 0.68 0.93 0.82 1.40

MEX:PBF vs IEP, DK, PARR: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, PBF 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.


PBF Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


MEX:PBF
50GF Score
PBF Energy Inc MEX:PBF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PBF 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1102.00/612.97
=1.80

* 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.

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

For example, PBF Energy'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)
=841.537/330.2130*330.2130
=841.537

Current CPI (Mar. 2026) = 330.2130.

PBF Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 319.525 241.018 437.774
201609 343.942 241.428 470.426
201612 382.315 241.432 522.902
201703 337.667 243.801 457.349
201706 301.012 244.955 405.781
201709 349.291 246.819 467.308
201712 415.053 246.524 555.954
201803 384.198 249.554 508.376
201806 449.132 251.989 588.554
201809 478.406 252.439 625.798
201812 438.403 251.233 576.224
201903 478.719 254.202 621.865
201906 475.424 256.143 612.904
201909 495.217 256.759 636.889
201912 478.501 256.974 614.876
202003 380.739 258.115 487.089
202006 450.900 257.797 577.559
202009 355.840 260.280 451.448
202012 272.090 260.474 344.939
202103 273.276 264.877 340.684
202106 275.527 271.696 334.869
202109 295.692 274.310 355.953
202112 328.408 278.802 388.966
202203 315.458 287.504 362.320
202206 519.368 296.311 578.791
202209 693.756 296.808 771.837
202212 741.287 296.797 824.748
202303 731.845 301.836 800.649
202306 835.731 305.109 904.494
202309 951.562 307.789 1,020.888
202312 914.423 306.746 984.379
202403 900.035 312.332 951.562
202406 979.755 314.175 1,029.770
202409 1,005.989 315.301 1,053.567
202412 1,002.742 315.605 1,049.155
202503 904.758 319.799 934.221
202506 827.358 322.561 846.985
202509 828.713 324.800 842.524
202512 819.085 324.054 834.653
202603 841.537 330.213 841.537

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 1.80 mean?
PBF Energy (MEX:PBF) has a Cyclically Adjusted PB Ratio of 1.80 as of Jul. 18, 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 PBF Energy and its competitors. This is 62% above median its historical median of 1.11. Over the past decade, PBF Energy's Cyclically Adjusted PB Ratio has ranged from 0.20 to 2.26. According to the industry distribution chart, PBF Energy ranks #497 out of 773 companies in the Oil & Gas industry, placing it in the top 64.3%.
Is PBF Energy's Cyclically Adjusted PB Ratio too high?
PBF Energy's current Cyclically Adjusted PB Ratio of 1.80 is 62% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 2.26. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. PBF Energy's value of 1.80 is 52.5% above this industry median. Based on the distribution chart, PBF Energy ranks #497 out of 773 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, PBF Energy has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PBF Energy's Cyclically Adjusted PB Ratio compare to IEP and DK?
According to the Oil & Gas industry distribution chart, PBF Energy ranks #497 out of 773 companies for Cyclically Adjusted PB Ratio. This places PBF Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. PBF Energy's value of 1.80 is 52.5% above this benchmark. Historically, PBF Energy's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 2.26 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.18, PBF Energy 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 1.18, based on 773 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. PBF Energy's current Cyclically Adjusted PB Ratio of 1.80 is 52.5% 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 PBF Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBF Energy's current Cyclically Adjusted PB Ratio is 1.80, which is 62% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBF Energy stock overvalued right now?
Based on GuruFocus' analysis, PBF Energy (MEX:PBF) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN591.66, compared to a current price of MXN1,102.00 — trading 86.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.80, which is 62% above median its 10-year median of 1.11 and 52.5% above the Oil & Gas industry median of 1.18. PBF Energy's overall GF Score™ is 50/100 with 7 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 PBF Energy (MEX:PBF), the current Cyclically Adjusted PB Ratio is 1.80 as of Jul. 18, 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 PBF Energy (MEX:PBF) Overvalued in 2026?

Based on GuruFocus' analysis, PBF Energy stock appears to be overvalued. The current stock price of MXN1,102.00 is trading 86.3% above its estimated GF Value™ of MXN591.66. GuruFocus considers PBF Energy to be Significantly Overvalued.

Key valuation signals for MEX:PBF:

  • Cyclically Adjusted PB Ratio: 1.80 (62% above median its 10-year median of 1.11)
  • GF Value™: MXN591.66 vs. price of MXN1,102.00 (86.3% above fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 52.5% above the Oil & Gas median (#497 of 773)

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


PBF Energy Business Description

Industry EnergyOil & Gas
Other Exchanges PBF:USA0KE0:UKPEN:Germany
Address One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines, and storage facilities. The Logistics segment consists solely of PBFX's operations.
50GF Score

Get the complete analysis for MEX:PBF

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

MXN1,102.00
Price
MXN591.66
GF Value