Questerre Energy (OSL:QEC) Cyclically Adjusted PB Ratio: 0.51 (As of Jul. 22, 2026) — 28% Above 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.

OSL:QEC Questerre Energy Corp OSL:QEC
61 GF Score
Price kr1.72
GF Value kr3.65
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Questerre Energy Cyclically Adjusted PB Ratio?

Questerre Energy OSL:QEC +1.18% 61 Cyclically Adjusted PB Ratio is 0.51 as of Jul. 22, 2026, which is 28% above its 10-year median of 0.40. GuruFocus rates OSL:QEC with a GF Score™ of 61/100 and a GF Value™ of kr3.65 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 771 Oil & Gas companies, Questerre Energy ranks better than 73.28% on this metric.

As of today (2026-07-22), Questerre Energy's current share price is kr1.72. Questerre Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was kr3.37. Questerre Energy's Cyclically Adjusted PB Ratio for today is 0.51.

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

OSL:QEC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.4   Max: 1.39
Current: 0.53

During the past years, Questerre Energy's highest Cyclically Adjusted PB Ratio was 1.39. The lowest was 0.12. And the median was 0.40.

OSL:QEC's Cyclically Adjusted PB Ratio is ranked better than
73.28% of 771 companies
in the Oil & Gas industry
Industry Median: 1.2 vs OSL:QEC: 0.53

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.

Questerre Energy's adjusted book value per share data for the three months ended in Mar. 2026 was kr0.962. 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 kr3.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Questerre Energy  (OSL:QEC) 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.


Questerre Energy Cyclically Adjusted PB Ratio Related Terms


Questerre Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Questerre Energy'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.

Questerre Energy Cyclically Adjusted PB Ratio Chart

Questerre Energy 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 0.34 0.31 0.31 0.44 0.67

Questerre Energy 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 0.57 0.66 0.75 0.67 0.61

OSL:QEC vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, Questerre Energy'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.


Questerre Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


OSL:QEC
61GF Score
Questerre Energy Corp OSL:QEC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Questerre Energy 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.

Questerre Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.72/3.37
=0.51

* 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.

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

For example, Questerre Energy'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)
=0.962/132.2623*132.2623
=0.962

Current CPI (Mar. 2026) = 132.2623.

Questerre Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.040 102.002 3.942
201609 2.745 101.765 3.568
201612 2.908 101.449 3.791
201703 3.017 102.634 3.888
201706 2.948 103.029 3.784
201709 2.886 103.345 3.694
201712 2.886 103.345 3.694
201803 2.659 105.004 3.349
201806 2.755 105.557 3.452
201809 2.792 105.636 3.496
201812 3.091 105.399 3.879
201903 3.091 106.979 3.822
201906 3.023 107.690 3.713
201909 3.194 107.611 3.926
201912 4.302 107.769 5.280
202003 2.681 107.927 3.286
202006 2.526 108.401 3.082
202009 2.470 108.164 3.020
202012 2.419 108.559 2.947
202103 2.426 110.298 2.909
202106 2.514 111.720 2.976
202109 2.534 112.905 2.968
202112 2.439 113.774 2.835
202203 2.473 117.646 2.780
202206 2.878 120.806 3.151
202209 2.995 120.648 3.283
202212 2.820 120.964 3.083
202303 3.006 122.702 3.240
202306 3.213 124.203 3.421
202309 3.138 125.230 3.314
202312 2.636 125.072 2.788
202403 2.637 126.258 2.762
202406 2.638 127.522 2.736
202409 2.670 127.285 2.774
202412 2.548 127.364 2.646
202503 2.413 129.181 2.471
202506 2.374 129.892 2.417
202509 2.265 130.287 2.299
202512 1.260 130.366 1.278
202603 0.962 132.262 0.962

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 0.51 mean?
Questerre Energy (OSL:QEC) has a Cyclically Adjusted PB Ratio of 0.51 as of Jul. 22, 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 Questerre Energy and its competitors. This is 28% above median its historical median of 0.40. Over the past decade, Questerre Energy's Cyclically Adjusted PB Ratio has ranged from 0.12 to 1.39. According to the industry distribution chart, Questerre Energy ranks #206 out of 771 companies in the Oil & Gas industry, placing it in the top 26.7%.
Is Questerre Energy's Cyclically Adjusted PB Ratio too high?
Questerre Energy's current Cyclically Adjusted PB Ratio of 0.51 is 28% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.39. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Questerre Energy's value of 0.51 is 57.5% below this industry median. Based on the distribution chart, Questerre Energy ranks #206 out of 771 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Questerre Energy has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Questerre Energy's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Questerre Energy ranks #206 out of 771 companies for Cyclically Adjusted PB Ratio. This puts Questerre Energy in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Questerre Energy's value of 0.51 is 57.5% below this benchmark. Historically, Questerre Energy's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 1.39 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.20, Questerre Energy has consistently been below 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 1.20, based on 771 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. Questerre Energy's current Cyclically Adjusted PB Ratio of 0.51 is 57.5% below 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 Questerre Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Questerre Energy's current Cyclically Adjusted PB Ratio is 0.51, which is 28% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Questerre Energy stock overvalued right now?
Based on GuruFocus' analysis, Questerre Energy (OSL:QEC) is currently considered Possible Value Trap. The stock's GF Value™ is kr3.65, compared to a current price of kr1.72 — trading 52.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is 28% above median its 10-year median of 0.40 and 57.5% below the Oil & Gas industry median of 1.20. Questerre Energy's overall GF Score™ is 61/100 with 5 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 Questerre Energy (OSL:QEC), the current Cyclically Adjusted PB Ratio is 0.51 as of Jul. 22, 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 Questerre Energy (OSL:QEC) Overvalued in 2026?

Based on GuruFocus' analysis, Questerre Energy stock appears to be undervalued. The current stock price of kr1.72 is trading 52.9% below its estimated GF Value™ of kr3.65. GuruFocus considers Questerre Energy to be Possible Value Trap.

Key valuation signals for OSL:QEC:

  • Cyclically Adjusted PB Ratio: 0.51 (28% above median its 10-year median of 0.40)
  • GF Value™: kr3.65 vs. price of kr1.72 (52.9% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 57.5% below the Oil & Gas median (#206 of 771)

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


Questerre Energy Business Description

Industry EnergyOil & Gas
Address 801 Sixth Avenue S.W, Suite 1650, AMEC Place, Calgary, AB, CAN, T2P 3W2
Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. The company operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Brazil; Western Canada; Quebec; and Corporate and others. Brazil segment consists of Integrated oil shale operations; Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the production of natural gas, crude oil and natural gas liquids. Quebec segment consists the development of natural gas discovery with a focus on securing social acceptability and regulatory approvals for a clean technology energy project.
61GF Score

Get the complete analysis for OSL:QEC

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

kr1.72
Price
kr3.65
GF Value