PAM (Pampa Energia) Cyclically Adjusted PB Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan 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
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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.

PAM Pampa Energia SA PAM
87 GF Score
Price $82.85
GF Value $132.36
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Pampa Energia Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pampa Energia  (NYSE:PAM) 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.


Pampa Energia Cyclically Adjusted PB Ratio Related Terms


Pampa Energia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pampa Energia'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.

Pampa Energia Cyclically Adjusted PB Ratio Chart

Pampa Energia 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 5.52 8.35 17.87 12.92 7.99

Pampa Energia 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 7.05 6.54 7.99 6.78 0.00

PAM vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Pampa Energia'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.


Pampa Energia Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Pampa Energia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PAM
87GF Score
Pampa Energia SA PAM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pampa Energia 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.

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

For example, Pampa Energia'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)
=75.131/333.9520*333.9520
=75.131

Current CPI (Jun. 2026) = 333.9520.

Pampa Energia Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.771 241.428 7.983
201612 9.373 241.432 12.965
201703 11.301 243.801 15.480
201706 10.645 244.955 14.513
201709 11.005 246.819 14.890
201712 40.041 246.524 54.241
201803 13.483 249.554 18.043
201806 4.605 251.989 6.103
201809 0.243 252.439 0.321
201812 18.219 251.233 24.218
201903 19.459 254.202 25.564
201906 26.729 256.143 34.849
201909 27.315 256.759 35.527
201912 28.576 256.974 37.136
202003 29.049 258.115 37.584
202006 29.333 257.797 37.998
202009 31.862 260.280 40.881
202012 24.601 260.474 31.541
202103 25.544 264.877 32.205
202106 28.162 271.696 34.615
202109 31.016 274.310 37.760
202112 32.278 278.802 38.663
202203 34.740 287.504 40.352
202206 36.210 296.311 40.810
202209 39.747 296.808 44.721
202212 41.257 296.797 46.422
202303 44.144 301.836 48.841
202306 47.905 305.109 52.434
202309 50.711 307.789 55.022
202312 44.203 306.746 48.123
202403 52.320 312.332 55.942
202406 55.369 314.175 58.854
202409 58.889 315.301 62.372
202412 60.420 315.605 63.932
202503 63.840 319.799 66.665
202506 64.079 322.561 66.342
202509 63.123 324.800 64.902
202512 66.122 324.054 68.142
202603 69.469 330.213 70.256
202606 75.131 333.952 75.131

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 Pampa Energia (PAM) Overvalued in 2026?

Based on GuruFocus' analysis, Pampa Energia stock appears to be undervalued. The current stock price of $82.85 is trading 37.4% below its estimated GF Value™ of $132.36. GuruFocus considers Pampa Energia to be Significantly Undervalued.

Key valuation signals for PAM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $132.36 vs. price of $82.85 (37.4% below fair value)
  • GF Score™: 87/100 with 7 warning signs

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


Pampa Energia Business Description

Other Exchanges 9PAA:GermanyPAMP:Argentina
Address Maipu 1, Buenos Aires, ARG, C1084ABA
Pampa Energia SA and its subsidiaries are engaged in the Energy business, mainly in oil and gas production and power generation. The firm's operating business segments are Oil and Gas, Generation, Petrochemicals, Holding, Transportation, and Others. The company derives the maximum revenue from the oil and gas segment.
87GF Score

Get the complete analysis for PAM

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

$82.85
Price
$132.36
GF Value