Orlen (MEX:PKNN) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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:PKNN Orlen SA MEX:PKNN
57 GF Score
Price MXN686.11
GF Value MXN171.03
! 6 Warning Signs
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What is Orlen Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Orlen  (MEX:PKNN) 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.


Orlen Cyclically Adjusted PB Ratio Related Terms


Orlen Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Orlen'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.

Orlen Cyclically Adjusted PB Ratio Chart

Orlen 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 - - - 0.37 0.72

Orlen 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 0.67 0.69 0.74 0.95 0.86

MEX:PKNN vs XOM, CVX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Integrated subindustry, Orlen'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.


Orlen Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


MEX:PKNN
57GF Score
Orlen SA MEX:PKNN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Orlen 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.

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

For example, Orlen'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)
=596.524/162.2800*162.2800
=596.524

Current CPI (Jun. 2026) = 162.2800.

Orlen Quarterly Data

Book Value per Share CPI Adj_Book
201609 320.168 99.064 524.478
201612 337.918 100.366 546.372
201703 349.539 101.018 561.518
201706 364.477 101.180 584.574
201709 394.084 101.343 631.044
201712 463.544 102.564 733.433
201803 407.773 102.564 645.191
201806 410.491 103.378 644.377
201809 419.547 103.378 658.593
201812 438.036 103.785 684.920
201903 430.885 104.274 670.583
201906 441.334 105.983 675.766
201909 440.154 105.983 673.960
201912 450.072 107.123 681.815
202003 479.778 109.076 713.799
202006 565.961 109.402 839.513
202009 558.090 109.320 828.454
202012 529.994 109.565 784.994
202103 538.189 112.658 775.245
202106 555.390 113.960 790.879
202109 584.401 115.588 820.470
202112 624.193 119.088 850.579
202203 621.643 125.031 806.845
202206 609.685 131.705 751.220
202209 565.767 135.531 677.429
202212 547.667 139.113 638.873
202303 543.179 145.950 603.953
202306 541.332 147.009 597.567
202309 522.562 146.113 580.382
202312 569.118 147.741 625.124
202403 551.936 149.044 600.953
202406 583.638 150.997 627.249
202409 653.156 153.439 690.790
202412 636.306 154.660 667.656
202503 684.640 157.021 707.571
202506 656.368 157.509 676.249
202509 648.683 158.000 666.255
202512 622.646 158.320 638.220
202603 620.841 163.070 617.833
202606 596.524 162.280 596.524

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 Orlen (MEX:PKNN) Overvalued in 2026?

Based on GuruFocus' analysis, Orlen stock appears to be overvalued. The current stock price of MXN686.11 is trading 301.2% above its estimated GF Value™ of MXN171.03.

Key valuation signals for MEX:PKNN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN171.03 vs. price of MXN686.11 (301.2% above fair value)
  • GF Score™: 57/100 with 6 warning signs

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


Orlen Business Description

Industry EnergyOil & Gas
Address Chemikow 7 Street, Plock, POL, 09-411
Orlen SA is an energy conglomerate that refines and distributes oil in Poland, the Czech Republic, Germany, and Lithuania. Through a group of refineries, it processes crude oil into gasoline, diesel oil, fuel oil, and aviation fuel. The company also produces petrochemicals and products used by chemical companies as feedstock. Additional operations include exploration and production activities in Poland, where it is domiciled, and Canada. Oil products are offered through thousands of service stations, which is supported by logistics infrastructure. This infrastructure includes surface and underground storage depots and a long-distance pipeline network.
57GF Score

Get the complete analysis for MEX:PKNN

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

MXN686.11
Price
MXN171.03
GF Value