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Permian Basin Royalty TrustPBT -1.72%68 Cyclically Adjusted PB Ratio is 2,743.00 as of Jul. 16, 2026, which is 464% above its 10-year median of 486.75. GuruFocus rates PBT with a GF Score™ of 68/100 and a GF Value™ of $6.93 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 773 Oil & Gas companies, Permian Basin Royalty Trust ranks worse than 99.87% on this metric.
The historical rank and industry rank for Permian Basin Royalty Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:
PBT'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 109.5 Med: 486.75 Max: 3101
Current: 2822.68
During the past years, Permian Basin Royalty Trust's highest Cyclically Adjusted PB Ratio was 3101.00. The lowest was 109.50. And the median was 486.75.
PBT's Cyclically Adjusted PB Ratio is ranked worse than 99.87% of 773
companies
in the Oil & Gas industry
Industry Median: 1.18
vs PBT: 2822.68
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.
Permian Basin Royalty Trust's adjusted book value per share data for the three months ended in Mar. 2026 was $0.003. 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 $0.01 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Permian Basin Royalty Trust (NYSE:PBT) 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.
Permian Basin Royalty Trust Cyclically Adjusted PB Ratio Related Terms
Permian Basin Royalty Trust Cyclically Adjusted PB Ratio Historical Data
* 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.
Permian Basin Royalty Trust Cyclically Adjusted PB Ratio Chart
PBT vs TEN, EE, SBR: Cyclically Adjusted PB Ratio Comparison
For the Oil & Gas Midstream subindustry, Permian Basin Royalty Trust'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.
Permian Basin Royalty Trust Cyclically Adjusted PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Permian Basin Royalty Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Permian Basin Royalty Trust's Cyclically Adjusted PB Ratio falls into.
Permian Basin Royalty Trust 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.
* 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.
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 2,743.00 mean?
Permian Basin Royalty Trust (PBT) has a Cyclically Adjusted PB Ratio of 2,743.00 as of Jul. 16, 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 Permian Basin Royalty Trust and its competitors. This is 464% above median its historical median of 486.75. Over the past decade, Permian Basin Royalty Trust's Cyclically Adjusted PB Ratio has ranged from 109.50 to 3,101.00. According to the industry distribution chart, Permian Basin Royalty Trust ranks #772 out of 773 companies in the Oil & Gas industry, placing it in the top 99.9%.
Is Permian Basin Royalty Trust's Cyclically Adjusted PB Ratio too high?
Permian Basin Royalty Trust's current Cyclically Adjusted PB Ratio of 2,743.00 is 464% above median its 10-year median of 486.75. Over the past 10 years, this metric has ranged from a low of 109.50 to a high of 3,101.00. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. Permian Basin Royalty Trust's value of 2,743.00 is 232357.6% above this industry median. Based on the distribution chart, Permian Basin Royalty Trust ranks #772 out of 773 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Permian Basin Royalty Trust has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Permian Basin Royalty Trust's Cyclically Adjusted PB Ratio compare to TEN and EE?
According to the Oil & Gas industry distribution chart, Permian Basin Royalty Trust ranks #772 out of 773 companies for Cyclically Adjusted PB Ratio. This places Permian Basin Royalty Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Permian Basin Royalty Trust's value of 2,743.00 is 232357.6% above this benchmark. Historically, Permian Basin Royalty Trust's own Cyclically Adjusted PB Ratio has ranged from 109.50 to 3,101.00 over the past decade. While the company's 10-year median is 486.75 vs. the industry median of 1.18, Permian Basin Royalty Trust has consistently been above 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 1.18, based on 773 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. Permian Basin Royalty Trust's current Cyclically Adjusted PB Ratio of 2,743.00 is 232357.6% above 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 Permian Basin Royalty Trust and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Permian Basin Royalty Trust's current Cyclically Adjusted PB Ratio is 2,743.00, which is 464% above median its own 10-year median of 486.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Permian Basin Royalty Trust stock overvalued right now?
Based on GuruFocus' analysis, Permian Basin Royalty Trust (PBT) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.93, compared to a current price of $27.43 — trading 295.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2,743.00, which is 464% above median its 10-year median of 486.75 and 232357.6% above the Oil & Gas industry median of 1.18. Permian Basin Royalty Trust's overall GF Score™ is 68/100 with 3 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 Permian Basin Royalty Trust (PBT), the current Cyclically Adjusted PB Ratio is 2,743.00 as of Jul. 16, 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 Permian Basin Royalty Trust (PBT) Overvalued in 2026?
Based on GuruFocus' analysis, Permian Basin Royalty Trust stock appears to be overvalued.
The current stock price of $27.43 is trading 295.8% above its estimated GF Value™ of $6.93.
GuruFocus considers Permian Basin Royalty Trust to be Significantly Overvalued.
Key valuation signals for PBT:
Cyclically Adjusted PB Ratio: 2,743.00 (464% above median its 10-year median of 486.75)
GF Value™: $6.93 vs. price of $27.43 (295.8% above fair value)
Industry Position: 232357.6% above the Oil & Gas median (#772 of 773)
No single metric tells the full story. See the PBT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Permian Basin Royalty Trust is an express trust. The company's underlying properties include Waddell Ranch Properties in which the trust holds mineral interest as well as royalty interests in mature producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole, and others across Texas. The company earns the majority of its revenue in the form of royalties received through its properties.
68GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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