Oando (NSA:OANDO) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.

NSA:OANDO Oando PLC NSA:OANDO
39 GF Score
Price ₦35.75
GF Value ₦52.94
Valuation Possible Value Trap
! 6 Warning Signs
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What is Oando Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oando  (NSA:OANDO) 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.


Oando Cyclically Adjusted PB Ratio Related Terms


Oando Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Oando'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.

Oando Cyclically Adjusted PB Ratio Chart

Oando Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.36 1.55 39.99 0.00

Oando 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 0.00 0.00 0.00 0.00 0.00

NSA:OANDO vs MPC, VLO, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Oando'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.


Oando Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


NSA:OANDO
39GF Score
Oando PLC NSA:OANDO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oando 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.

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

For example, Oando'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)
=-53.058/333.9520*333.9520
=-53.058

Current CPI (Jun. 2026) = 333.9520.

Oando Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 238.132 0.000
201606 5.193 241.018 7.195
201609 6.091 241.428 8.425
201612 8.738 241.432 12.087
201703 8.622 243.801 11.810
201706 8.638 244.955 11.776
201709 0.000 246.819 0.000
201712 12.140 246.524 16.445
201803 12.317 249.554 16.483
201806 12.782 251.989 16.940
201809 13.001 252.439 17.199
201812 13.887 251.233 18.459
201903 14.141 254.202 18.577
201906 14.041 256.143 18.306
201909 14.453 256.759 18.798
202003 0.323 258.115 0.418
202006 0.071 257.797 0.092
202009 -0.522 260.280 -0.670
202103 0.000 264.877 0.000
202106 0.000 271.696 0.000
202109 0.000 274.310 0.000
202112 -8.633 278.802 -10.341
202203 -9.206 287.504 -10.693
202206 -9.656 296.311 -10.883
202209 -12.008 296.808 -13.511
202212 -13.091 296.797 -14.730
202303 -15.014 301.836 -16.612
202306 -11.796 305.109 -12.911
202309 -12.179 307.789 -13.214
202312 -17.227 306.746 -18.755
202403 -16.340 312.332 -17.471
202406 -13.913 314.175 -14.789
202409 -11.575 315.301 -12.260
202412 -22.508 315.605 -23.816
202503 -14.664 319.799 -15.313
202506 -18.649 322.561 -19.308
202509 -11.614 324.800 -11.941
202512 -51.568 324.054 -53.143
202603 -58.151 330.213 -58.809
202606 -53.058 333.952 -53.058

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 Oando (NSA:OANDO) Overvalued in 2026?

Based on GuruFocus' analysis, Oando stock appears to be undervalued. The current stock price of ₦35.75 is trading 32.5% below its estimated GF Value™ of ₦52.94. GuruFocus considers Oando to be Possible Value Trap.

Key valuation signals for NSA:OANDO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₦52.94 vs. price of ₦35.75 (32.5% below fair value)
  • GF Score™: 39/100 with 6 warning signs

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


Oando Business Description

Industry EnergyOil & Gas
Other Exchanges OAO:South Africa
Address Ozumba Mbadiwe Avenue, 17a The Wings Complex, Victoria Island, Lagos, NGA
Oando PLC makes strategic investments in energy companies. Through its subsidiaries, the company is engaged in exploration and production, Supply and trading of petroleum products, and Mining and infrastructure development. The group has four operating segments: (i) Exploration and production. (ii) Supply and Trading (iii) Mining & infrastructure development, (iv) Corporate, and others. The majority of its revenue is generated from Supply and Trading which involves trading crude, refined, and unrefined petroleum products.
39GF Score

Get the complete analysis for NSA:OANDO

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

₦35.75
Price
₦52.94
GF Value