Transportadora de Gas del Sur (MEX:TGS N) Cyclically Adjusted PB Ratio: 8.26 (As of Sep. 04, 2026) — 27% Below 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:TGS N Transportadora de Gas del Sur SA MEX:TGS N
96 GF Score
Price MXN517.25
GF Value MXN430.27
! 4 Warning Signs
View Full Analysis

What is Transportadora de Gas del Sur Cyclically Adjusted PB Ratio?

Transportadora de Gas del Sur MEX:TGS N 96 Cyclically Adjusted PB Ratio is 8.26 as of Sep. 04, 2026, which is 27% below its 10-year median of 11.38. GuruFocus rates MEX:TGS N with a GF Score™ of 96/100 and a GF Value™ of MXN430.27. The stock has 4 warning signs investors should review. Among 753 Oil & Gas companies, Transportadora de Gas del Sur ranks worse than 95.75% on this metric.

As of today (2026-09-04), Transportadora de Gas del Sur's current share price is MXN517.25. Transportadora de Gas del Sur's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN62.61. Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio for today is 8.26.

The historical rank and industry rank for Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:TGS N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.45   Med: 11.38   Max: 27.06
Current: 8.19

During the past years, Transportadora de Gas del Sur's highest Cyclically Adjusted PB Ratio was 27.06. The lowest was 4.45. And the median was 11.38.

MEX:TGS N's Cyclically Adjusted PB Ratio is ranked worse than
95.75% of 753 companies
in the Oil & Gas industry
Industry Median: 1.25 vs MEX:TGS N: 8.19

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.

Transportadora de Gas del Sur's adjusted book value per share data for the three months ended in Jun. 2026 was MXN310.386. 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 MXN62.61 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Transportadora de Gas del Sur  (MEX:TGS 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.


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Related Terms


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Transportadora de Gas del Sur'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.

Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Chart

Transportadora de Gas del Sur 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 4.45 8.76 14.80 15.12 11.07

Transportadora de Gas del Sur 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 9.73 8.74 11.07 10.39 8.26

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

For the Oil & Gas Integrated subindustry, Transportadora de Gas del Sur'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.


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio falls into.


MEX:TGS N
96GF Score
Transportadora de Gas del Sur SA MEX:TGS N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transportadora de Gas del Sur 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.

Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=517.25/62.61
=8.26

* 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.

Transportadora de Gas del Sur's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Transportadora de Gas del Sur'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)
=310.386/333.9520*333.9520
=310.386

Current CPI (Jun. 2026) = 333.9520.

Transportadora de Gas del Sur Quarterly Data

Book Value per Share CPI Adj_Book
201609 16.216 241.428 22.431
201612 19.911 241.432 27.541
201703 23.619 243.801 32.353
201706 25.424 244.955 34.661
201709 27.269 246.819 36.896
201712 157.564 246.524 213.443
201803 38.547 249.554 51.583
201806 36.732 251.989 48.680
201809 13.625 252.439 18.025
201812 152.845 251.233 203.170
201903 112.224 254.202 147.432
201906 97.042 256.143 126.521
201909 88.791 256.759 115.485
201912 131.623 256.974 171.051
202003 132.318 258.115 171.194
202006 129.079 257.797 167.210
202009 124.018 260.280 159.121
202012 161.809 260.474 207.454
202103 118.302 264.877 149.153
202106 126.194 271.696 155.110
202109 144.276 274.310 175.645
202112 316.942 278.802 379.636
202203 182.505 287.504 211.990
202206 199.104 296.311 224.397
202209 214.672 296.808 241.537
202212 642.777 296.797 723.244
202303 200.580 301.836 221.922
202306 200.117 305.109 219.035
202309 189.615 307.789 205.733
202312 581.956 306.746 633.571
202403 177.074 312.332 189.331
202406 229.735 314.175 244.197
202409 267.800 315.301 283.641
202412 402.988 315.605 426.415
202503 322.787 319.799 337.072
202506 266.329 322.561 275.734
202509 249.864 324.800 256.905
202512 257.726 324.054 265.598
202603 306.945 330.213 310.421
202606 310.386 333.952 310.386

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 8.26 mean?
Transportadora de Gas del Sur (MEX:TGS N) has a Cyclically Adjusted PB Ratio of 8.26 as of Sep. 04, 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 Transportadora de Gas del Sur and its competitors. This is 27% below median its historical median of 11.38. Over the past decade, Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio has ranged from 4.45 to 27.06. According to the industry distribution chart, Transportadora de Gas del Sur ranks #721 out of 753 companies in the Oil & Gas industry, placing it in the top 95.8%.
Is Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio too high?
Transportadora de Gas del Sur's current Cyclically Adjusted PB Ratio of 8.26 is 27% below median its 10-year median of 11.38. Over the past 10 years, this metric has ranged from a low of 4.45 to a high of 27.06. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.25. Transportadora de Gas del Sur's value of 8.26 is 560.8% above this industry median. Based on the distribution chart, Transportadora de Gas del Sur ranks #721 out of 753 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Transportadora de Gas del Sur has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Transportadora de Gas del Sur ranks #721 out of 753 companies for Cyclically Adjusted PB Ratio. This places Transportadora de Gas del Sur in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Transportadora de Gas del Sur's value of 8.26 is 560.8% above this benchmark. Historically, Transportadora de Gas del Sur's own Cyclically Adjusted PB Ratio has ranged from 4.45 to 27.06 over the past decade. While the company's 10-year median is 11.38 vs. the industry median of 1.25, Transportadora de Gas del Sur 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 1.25, based on 753 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. Transportadora de Gas del Sur's current Cyclically Adjusted PB Ratio of 8.26 is 560.8% 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 Transportadora de Gas del Sur and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transportadora de Gas del Sur's current Cyclically Adjusted PB Ratio is 8.26, which is 27% below median its own 10-year median of 11.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transportadora de Gas del Sur stock overvalued right now?
Transportadora de Gas del Sur (MEX:TGS N) has a current Cyclically Adjusted PB Ratio of 8.26. The stock's GF Value™ is MXN430.27, compared to a current price of MXN517.25 — trading 20.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.26, which is 27% below median its 10-year median of 11.38 and 560.8% above the Oil & Gas industry median of 1.25. Transportadora de Gas del Sur's overall GF Score™ is 96/100 with 4 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 Transportadora de Gas del Sur (MEX:TGS N), the current Cyclically Adjusted PB Ratio is 8.26 as of Sep. 04, 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 Transportadora de Gas del Sur (MEX:TGS N) Overvalued in 2026?

Based on GuruFocus' analysis, Transportadora de Gas del Sur stock appears to be overvalued. The current stock price of MXN517.25 is trading 20.2% above its estimated GF Value™ of MXN430.27.

Key valuation signals for MEX:TGS N:

  • Cyclically Adjusted PB Ratio: 8.26 (27% below median its 10-year median of 11.38)
  • GF Value™: MXN430.27 vs. price of MXN517.25 (20.2% above fair value)
  • GF Score™: 96/100 with 4 warning signs
  • Industry Position: 560.8% above the Oil & Gas median (#721 of 753)

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


Transportadora de Gas del Sur Business Description

Industry EnergyOil & Gas
Address Cecilia Grierson 355, 26th Floor, Buenos Aires, ARG, C1107CBG
Transportadora de Gas del Sur SA is a natural gas transporter in Latin America. The company's operating segments include Natural Gas Transportation, Midstream, Telecommunications, and Liquids Production and Commercialization. It generates maximum revenue from the Natural Gas Transportation segment. Geographically, it derives the majority of its revenue from Argentina.
96GF Score

Get the complete analysis for MEX:TGS N

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

MXN517.25
Price
MXN430.27
GF Value