GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Panoro Energy ASA (OSTO:PENO) » Definitions » Cyclically Adjusted PB Ratio

Panoro Energy ASA (OSTO:PENO) Cyclically Adjusted PB Ratio : 1.37 (As of Jun. 03, 2025)


View and export this data going back to 2012. Start your Free Trial

What is Panoro Energy ASA Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Panoro Energy ASA's current share price is kr24.40. Panoro Energy ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr17.79. Panoro Energy ASA's Cyclically Adjusted PB Ratio for today is 1.37.

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

OSTO:PENO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 1.08   Max: 1.73
Current: 1.33

During the past years, Panoro Energy ASA's highest Cyclically Adjusted PB Ratio was 1.73. The lowest was 0.14. And the median was 1.08.

OSTO:PENO's Cyclically Adjusted PB Ratio is ranked worse than
63.97% of 780 companies
in the Oil & Gas industry
Industry Median: 0.9 vs OSTO:PENO: 1.33

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.

Panoro Energy ASA's adjusted book value per share data for the three months ended in Mar. 2025 was kr23.497. 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 kr17.79 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Panoro Energy ASA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Panoro Energy ASA'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.

* Premium members only.

Panoro Energy ASA Cyclically Adjusted PB Ratio Chart

Panoro Energy ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.76 1.19 1.26 1.48

Panoro Energy ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.28 1.72 1.37 1.48 1.54

Competitive Comparison of Panoro Energy ASA's Cyclically Adjusted PB Ratio

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


Panoro Energy ASA's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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


;
;

Panoro Energy ASA 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.40/17.79
=1.37

* 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.

Panoro Energy ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Panoro Energy ASA's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=23.497/136.1000*136.1000
=23.497

Current CPI (Mar. 2025) = 136.1000.

Panoro Energy ASA Quarterly Data

Book Value per Share CPI Adj_Book
201506 35.860 100.100 48.757
201509 37.423 100.600 50.629
201512 38.661 100.900 52.148
201603 20.543 102.500 27.277
201606 18.987 103.800 24.895
201609 18.267 104.200 23.859
201612 10.908 104.400 14.220
201703 10.152 105.000 13.159
201706 4.513 105.800 5.805
201709 4.090 105.900 5.256
201712 3.378 106.100 4.333
201803 2.752 107.300 3.491
201806 2.817 108.500 3.534
201809 3.429 109.500 4.262
201812 6.382 109.800 7.911
201903 6.182 110.400 7.621
201906 7.337 110.600 9.029
201909 7.693 111.100 9.424
201912 9.503 111.300 11.620
202003 11.707 111.200 14.328
202006 10.266 112.100 12.464
202009 9.522 112.900 11.479
202012 8.543 112.900 10.299
202103 10.865 114.600 12.903
202106 14.809 115.300 17.481
202109 13.732 117.500 15.906
202112 15.481 118.900 17.720
202203 14.548 119.800 16.527
202206 15.018 122.600 16.672
202209 18.122 125.600 19.637
202212 17.946 125.900 19.400
202303 19.719 127.600 21.033
202306 19.464 130.400 20.315
202309 21.518 129.800 22.562
202312 21.293 131.900 21.971
202403 22.165 132.600 22.750
202406 22.688 133.800 23.078
202409 22.258 133.700 22.658
202412 26.639 134.800 26.896
202503 23.497 136.100 23.497

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.


Panoro Energy ASA  (OSTO:PENO) 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.


Panoro Energy ASA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Panoro Energy ASA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Panoro Energy ASA Business Description

Industry
Traded in Other Exchanges
Address
c/o Advokatfirma Schjodt AS, Tordenskiolds gate 12, P.O. Box 2444, Solli, Oslo, NOR, 0201
Panoro Energy ASA is a Norway-based exploration and production company principally engaged in the exploration of oil and gas. The Group has five reportable segments by geographic locations in Equatorial Guinea, Gabon, Tunisia, South Africa, and Corporate and Others.

Panoro Energy ASA Headlines

No Headlines