Tourmaline Oil (MEX:TOUN) Cyclically Adjusted PB Ratio: 1.55 (As of Aug. 13, 2026) — 11% 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:TOUN Tourmaline Oil Corp MEX:TOUN
87 GF Score
Price MXN756.91
GF Value MXN784.64
! 8 Warning Signs
View Full Analysis

What is Tourmaline Oil Cyclically Adjusted PB Ratio?

Tourmaline Oil MEX:TOUN 87 Cyclically Adjusted PB Ratio is 1.55 as of Aug. 13, 2026, which is 11% below its 10-year median of 1.74. GuruFocus rates MEX:TOUN with a GF Score™ of 87/100 and a GF Value™ of MXN784.64. The stock has 8 warning signs investors should review. Among 765 Oil & Gas companies, Tourmaline Oil ranks worse than 61.05% on this metric.

As of today (2026-08-13), Tourmaline Oil's current share price is MXN756.91. Tourmaline Oil's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN489.50. Tourmaline Oil's Cyclically Adjusted PB Ratio for today is 1.55.

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

MEX:TOUN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 1.74   Max: 2.8
Current: 1.55

During the past years, Tourmaline Oil's highest Cyclically Adjusted PB Ratio was 2.80. The lowest was 0.33. And the median was 1.74.

MEX:TOUN's Cyclically Adjusted PB Ratio is ranked worse than
61.05% of 765 companies
in the Oil & Gas industry
Industry Median: 1.18 vs MEX:TOUN: 1.55

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.

Tourmaline Oil's adjusted book value per share data for the three months ended in Jun. 2026 was MXN511.550. 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 MXN489.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tourmaline Oil  (MEX:TOUN) 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.


Tourmaline Oil Cyclically Adjusted PB Ratio Related Terms


Tourmaline Oil Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tourmaline Oil'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.

Tourmaline Oil Cyclically Adjusted PB Ratio Chart

Tourmaline Oil 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 1.54 2.27 1.81 1.90 1.67

Tourmaline Oil 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 1.81 1.64 1.67 1.76 1.55

MEX:TOUN vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, Tourmaline Oil'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.


Tourmaline Oil Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


MEX:TOUN
87GF Score
Tourmaline Oil Corp MEX:TOUN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tourmaline Oil 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.

Tourmaline Oil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=756.91/489.50
=1.55

* 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.

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

For example, Tourmaline Oil'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)
=511.55/133.5265*133.5265
=511.550

Current CPI (Jun. 2026) = 133.5265.

Tourmaline Oil Quarterly Data

Book Value per Share CPI Adj_Book
201609 345.997 101.765 453.987
201612 387.891 101.449 510.542
201703 358.858 102.634 466.874
201706 352.796 103.029 457.228
201709 386.768 103.345 499.724
201712 407.825 103.345 526.930
201803 378.434 105.004 481.229
201806 403.575 105.557 510.511
201809 388.851 105.636 491.517
201812 405.215 105.399 513.353
201903 405.843 106.979 506.555
201906 411.212 107.690 509.867
201909 423.753 107.611 525.802
201912 411.419 107.769 509.749
202003 478.798 107.927 592.364
202006 486.597 108.401 599.380
202009 475.782 108.164 587.343
202012 461.280 108.559 567.368
202103 494.006 110.298 598.045
202106 519.963 111.720 621.455
202109 523.302 112.905 618.881
202112 562.201 113.774 659.806
202203 540.268 117.646 613.199
202206 550.853 120.806 608.857
202209 648.027 120.648 717.201
202212 579.954 120.964 640.185
202303 512.793 122.702 558.030
202306 499.811 124.203 537.329
202309 493.060 125.230 525.724
202312 504.711 125.072 538.826
202403 488.877 126.258 517.023
202406 532.626 127.522 557.707
202409 582.473 127.285 611.036
202412 608.902 127.364 638.365
202503 589.561 129.181 609.394
202506 586.976 129.892 603.400
202509 561.111 130.287 575.062
202512 520.542 130.366 533.161
202603 540.461 132.262 545.627
202606 511.550 133.527 511.550

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 1.55 mean?
Tourmaline Oil (MEX:TOUN) has a Cyclically Adjusted PB Ratio of 1.55 as of Aug. 13, 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 Tourmaline Oil and its competitors. This is 11% below median its historical median of 1.74. Over the past decade, Tourmaline Oil's Cyclically Adjusted PB Ratio has ranged from 0.33 to 2.80. According to the industry distribution chart, Tourmaline Oil ranks #467 out of 765 companies in the Oil & Gas industry, placing it in the top 61%.
Is Tourmaline Oil's Cyclically Adjusted PB Ratio too high?
Tourmaline Oil's current Cyclically Adjusted PB Ratio of 1.55 is 11% below median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 2.80. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. Tourmaline Oil's value of 1.55 is 31.4% above this industry median. Based on the distribution chart, Tourmaline Oil ranks #467 out of 765 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tourmaline Oil has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Tourmaline Oil's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tourmaline Oil ranks #467 out of 765 companies for Cyclically Adjusted PB Ratio. This places Tourmaline Oil in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Tourmaline Oil's value of 1.55 is 31.4% above this benchmark. Historically, Tourmaline Oil's own Cyclically Adjusted PB Ratio has ranged from 0.33 to 2.80 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 1.18, Tourmaline Oil 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 765 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. Tourmaline Oil's current Cyclically Adjusted PB Ratio of 1.55 is 31.4% 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 Tourmaline Oil 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. Tourmaline Oil's current Cyclically Adjusted PB Ratio is 1.55, which is 11% below median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tourmaline Oil stock overvalued right now?
Tourmaline Oil (MEX:TOUN) has a current Cyclically Adjusted PB Ratio of 1.55. The stock's GF Value™ is MXN784.64, compared to a current price of MXN756.91 — trading 3.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.55, which is 11% below median its 10-year median of 1.74 and 31.4% above the Oil & Gas industry median of 1.18. Tourmaline Oil's overall GF Score™ is 87/100 with 8 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 Tourmaline Oil (MEX:TOUN), the current Cyclically Adjusted PB Ratio is 1.55 as of Aug. 13, 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 Tourmaline Oil (MEX:TOUN) Overvalued in 2026?

Based on GuruFocus' analysis, Tourmaline Oil stock appears to be undervalued. The current stock price of MXN756.91 is trading 3.5% below its estimated GF Value™ of MXN784.64.

Key valuation signals for MEX:TOUN:

  • Cyclically Adjusted PB Ratio: 1.55 (11% below median its 10-year median of 1.74)
  • GF Value™: MXN784.64 vs. price of MXN756.91 (3.5% below fair value)
  • GF Score™: 87/100 with 8 warning signs
  • Industry Position: 31.4% above the Oil & Gas median (#467 of 765)

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


Tourmaline Oil Business Description

Industry EnergyOil & Gas
Address 250 - 6th Avenue SW, Suite 2900, Calgary, AB, CAN, T2P 3H7
Tourmaline Oil is a Canadian natural gas producer with an integrated midstream gathering and processing operation. Its primary product is natural gas, but also produces natural gas liquids, condensates, and oil. As a result of multiple acquisitions, it has become the largest natural gas producer in Canada.
87GF Score

Get the complete analysis for MEX:TOUN

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

MXN756.91
Price
MXN784.64
GF Value