OMEX (Odyssey Marine Exploration) Cyclically Adjusted PB Ratio: (As of Jul. 14, 2026)

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

OMEX Odyssey Marine Exploration Inc OMEX
14 GF Score
Price $0.68
GF Value $0.35
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Odyssey Marine Exploration Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Odyssey Marine Exploration  (NAS:OMEX) 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.


Odyssey Marine Exploration Cyclically Adjusted PB Ratio Related Terms


Odyssey Marine Exploration Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Odyssey Marine Exploration'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.

Odyssey Marine Exploration Cyclically Adjusted PB Ratio Chart

Odyssey Marine Exploration Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Odyssey Marine Exploration Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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

OMEX vs RNGE, WWR, FNUC: Cyclically Adjusted PB Ratio Comparison

For the Other Industrial Metals & Mining subindustry, Odyssey Marine Exploration'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.


Odyssey Marine Exploration Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Odyssey Marine Exploration's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OMEX
14GF Score
Odyssey Marine Exploration Inc OMEX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Odyssey Marine Exploration 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.

Odyssey Marine Exploration's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Odyssey Marine Exploration's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.562/330.2130*330.2130
=-0.562

Current CPI (Mar. 2026) = 330.2130.

Odyssey Marine Exploration Quarterly Data

Book Value per Share CPI Adj_Book
201606 -2.139 241.018 -2.931
201609 -2.279 241.428 -3.117
201612 -2.460 241.432 -3.365
201703 -2.718 243.801 -3.681
201706 -2.305 244.955 -3.107
201709 -2.541 246.819 -3.400
201712 -2.670 246.524 -3.576
201803 -2.864 249.554 -3.790
201806 -2.927 251.989 -3.836
201809 -2.975 252.439 -3.892
201812 -2.373 251.233 -3.119
201903 -2.498 254.202 -3.245
201906 -2.791 256.143 -3.598
201909 -2.852 256.759 -3.668
201912 -3.091 256.974 -3.972
202003 -3.250 258.115 -4.158
202006 -3.639 257.797 -4.661
202009 -2.237 260.280 -2.838
202012 -2.194 260.474 -2.781
202103 -2.212 264.877 -2.758
202106 -2.356 271.696 -2.863
202109 -2.318 274.310 -2.790
202112 -1.819 278.802 -2.154
202203 -2.356 287.504 -2.706
202206 -1.217 296.311 -1.356
202209 -1.478 296.808 -1.644
202212 -2.276 296.797 -2.532
202303 -0.554 301.836 -0.606
202306 -0.814 305.109 -0.881
202309 0.000 307.789 0.000
202312 -1.590 306.746 -1.712
202403 -1.716 312.332 -1.814
202406 -1.734 314.175 -1.823
202409 -0.770 315.301 -0.806
202412 -0.564 315.605 -0.590
202503 -0.478 319.799 -0.494
202506 -1.626 322.561 -1.665
202509 -0.901 324.800 -0.916
202512 -0.645 324.054 -0.657
202603 -0.562 330.213 -0.562

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 Odyssey Marine Exploration (OMEX) Overvalued in 2026?

Based on GuruFocus' analysis, Odyssey Marine Exploration stock appears to be overvalued. The current stock price of $0.68 is trading 95.6% above its estimated GF Value™ of $0.35. GuruFocus considers Odyssey Marine Exploration to be Significantly Overvalued.

Key valuation signals for OMEX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.35 vs. price of $0.68 (95.6% above fair value)
  • GF Score™: 14/100 with 6 warning signs

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


Odyssey Marine Exploration Business Description

Other Exchanges OYM1:Germany
Address 205 S. Hoover Boulevard, Suite 210, Tampa, FL, USA, 33609
Odyssey Marine Exploration Inc is a deep-ocean exploration company. It discovers, validates, and develops high-value seafloor mineral resources and provides specialized mineral exploration, project development, and marine services to its clients. The company's subsea project portfolio contains multiple projects in various stages of development, such as the Phosagmex Project, a rich deposit of phosphate sands located seventy-ninety meters deep within the Mexican EEZ; two polymetallic nodule exploration license holders in the Cook Islands' EEZ; the Lihir Gold Project, a subsea area that contains several prospective gold exploration targets located in the Papua New Guinea Exclusive Economic Zone (EEZ); and others.
14GF Score

Get the complete analysis for OMEX

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

$0.68
Price
$0.35
GF Value