MMEX (MMEX Resources) Cyclically Adjusted PB Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is MMEX Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MMEX Resources  (OTCPK:MMEX) 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.


MMEX Resources Cyclically Adjusted PB Ratio Related Terms


MMEX Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MMEX Resources'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.

MMEX Resources Cyclically Adjusted PB Ratio Chart

MMEX Resources Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

MMEX Resources Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 0.00 0.00 0.00

MMEX vs SODE, OFAL, MDLK: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, MMEX Resources'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.


MMEX Resources Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, MMEX Resources's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MMEX Resources 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.

MMEX Resources's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, MMEX Resources's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=-0/333.0200*333.0200
=0.000

Current CPI (Apr. 2026) = 333.0200.

MMEX Resources Quarterly Data

Book Value per Share CPI Adj_Book
201607 0.000 240.628 0.000
201610 0.000 241.729 0.000
201701 -2,019.000 242.839 -2,768.778
201704 -4,285.500 244.524 -5,836.471
201707 -710.667 244.786 -966.829
201710 -1,125.667 246.663 -1,519.764
201801 -812.667 247.867 -1,091.853
201804 -489.000 250.546 -649.968
201807 -583.000 252.006 -770.421
201810 -636.250 252.885 -837.867
201901 -691.800 251.712 -915.265
201904 -482.000 255.548 -628.123
201907 -84.744 256.571 -109.995
201910 -13.349 257.346 -17.274
202001 -3.533 257.971 -4.561
202004 -4.296 256.389 -5.580
202007 -3.993 259.101 -5.132
202010 -3.916 260.388 -5.008
202101 -3.330 261.582 -4.239
202104 -1.777 267.054 -2.216
202107 -0.215 273.003 -0.262
202110 -0.099 276.589 -0.119
202201 -0.056 281.148 -0.066
202204 -0.083 289.109 -0.096
202207 -0.083 296.276 -0.093
202210 -0.088 298.012 -0.098
202301 -0.056 299.170 -0.062
202304 -0.004 303.363 -0.004
202307 -0.001 305.691 -0.001
202310 0.000 307.671 0.000
202401 0.000 308.417 0.000
202404 0.000 313.548 0.000
202407 0.000 314.540 0.000
202410 0.000 315.664 0.000
202501 0.000 317.671 0.000
202504 -0.001 320.795 -0.001
202507 -0.001 323.048 -0.001
202510 0.000 0.000
202601 0.000 325.252 0.000
202604 0.000 333.020 0.000

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.


MMEX Resources Business Description

Address 3600 Dickinson, Fort Stockton, TX, USA, 78735
MMEX Resources Corp is a development-stage company formed to engage in energy industry infrastructure projects. The group is in the development phase of the Clean Fuels Refinery in Pecos County, Permian Basin, Texas.