Oil Country Tubular (NSE:OILCOUNTUB) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

NSE:OILCOUNTUB Oil Country Tubular Ltd NSE:OILCOUNTUB
51 GF Score
Price ₹60.51
GF Value ₹65.31
Valuation Fairly Valued
! 3 Warning Signs
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What is Oil Country Tubular Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oil Country Tubular  (NSE:OILCOUNTUB) 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.


Oil Country Tubular Cyclically Adjusted PB Ratio Related Terms


Oil Country Tubular Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Oil Country Tubular'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.

Oil Country Tubular Cyclically Adjusted PB Ratio Chart

Oil Country Tubular Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.39 1.08 2.59 1.48

Oil Country Tubular 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 2.61 0.00 1.48 0.00

NSE:OILCOUNTUB vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Oil Country Tubular'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.


Oil Country Tubular Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


NSE:OILCOUNTUB
51GF Score
Oil Country Tubular Ltd NSE:OILCOUNTUB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Oil Country Tubular 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.

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

For example, Oil Country Tubular'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)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Oil Country Tubular Quarterly Data

Book Value per Share CPI Adj_Book
201609 49.333 105.961 77.353
201612 0.000 105.196 0.000
201703 35.500 105.196 56.068
201706 0.000 107.109 0.000
201709 31.808 109.021 48.474
201712 0.000 109.404 0.000
201803 27.141 109.786 41.074
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 8.481 118.202 11.921
201906 0.000 120.880 0.000
201909 3.730 123.175 5.031
201912 0.000 126.235 0.000
202003 -5.489 124.705 -7.313
202006 0.000 127.000 0.000
202009 -10.774 130.118 -13.757
202012 0.000 130.889 0.000
202103 -16.887 131.771 -21.292
202106 0.000 134.084 0.000
202109 -22.523 135.847 -27.546
202112 0.000 138.161 0.000
202203 -28.523 138.822 -34.137
202206 0.000 142.347 0.000
202209 0.351 144.661 0.403
202212 0.000 145.763 0.000
202303 56.402 146.865 63.807
202306 0.000 150.280 0.000
202309 50.060 151.492 54.902
202312 0.000 152.924 0.000
202403 43.975 153.035 47.742
202406 0.000 155.789 0.000
202409 40.194 157.882 42.298
202412 0.000 158.323 0.000
202503 48.374 157.552 51.013
202506 0.000 159.755 0.000
202509 42.113 162.289 43.114
202512 0.000 163.281 0.000
202603 37.973 164.272 38.406
202606 0.000 166.145 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.

Is Oil Country Tubular (NSE:OILCOUNTUB) Overvalued in 2026?

Based on GuruFocus' analysis, Oil Country Tubular stock appears to be undervalued. The current stock price of ₹60.51 is trading 7.3% below its estimated GF Value™ of ₹65.31. GuruFocus considers Oil Country Tubular to be Fairly Valued.

Key valuation signals for NSE:OILCOUNTUB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹65.31 vs. price of ₹60.51 (7.3% below fair value)
  • GF Score™: 51/100 with 3 warning signs

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


Oil Country Tubular Business Description

Industry EnergyOil & Gas
Other Exchanges 500313:India
Address King Kothi Road, KAMINENI, 3rd Floor, Hyderabad, TG, IND, 500001
Oil Country Tubular Ltd is an Indian firm. It is engaged in the business of manufacturing of Casing, Tubing, and Drill Pipe which are used in the Oil and Gas Sector for the drilling and exploration of Oil and Gas. Its product and service offerings are Drill Pipe, Heavy Weight Drill Pipe, Drill Collars, Kellys, Internal Plastic Coating of Drill Pipe and Tubing, and Field Inspection of Tubulars. It serves domestically and exports to Indonesia. It generates maximum revenue by providing OCTG services.
51GF Score

Get the complete analysis for NSE:OILCOUNTUB

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

₹60.51
Price
₹65.31
GF Value