PSHG (Performance Shipping) Cyclically Adjusted PB Ratio: (As of Aug. 03, 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.

PSHG Performance Shipping Inc PSHG
53 GF Score
Price $1.80
GF Value $2.13
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Performance Shipping Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Performance Shipping  (NAS:PSHG) 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.


Performance Shipping Cyclically Adjusted PB Ratio Related Terms


Performance Shipping Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Performance Shipping'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.

Performance Shipping Cyclically Adjusted PB Ratio Chart

Performance Shipping 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 0.02 0.00 0.00 0.00 0.00

Performance Shipping 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 0.00 0.00 0.00 0.00 0.00

PSHG vs VNTG, UFG, EHLD: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Performance Shipping'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.


Performance Shipping Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Performance Shipping's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PSHG
53GF Score
Performance Shipping Inc PSHG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Performance Shipping 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.

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

For example, Performance Shipping'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)
=8.822/126.7200*126.7200
=8.822

Current CPI (Jun. 2026) = 126.7200.

Performance Shipping Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 99.878 0.000
201612 0.000 100.110 0.000
201703 0.000 100.770 0.000
201706 0.000 101.138 0.000
201709 43,002.333 100.882 54,016.348
201712 4,843.407 100.762 6,091.127
201803 2,860.426 100.534 3,605.471
201806 1,483.138 102.121 1,840.405
201809 954.927 101.982 1,186.570
201812 995.583 101.330 1,245.045
201903 610.312 101.482 762.091
201906 465.426 101.837 579.149
201909 290.526 101.906 361.270
201912 288.190 102.120 357.612
202003 281.012 101.479 350.910
202006 293.510 100.239 371.050
202009 298.557 99.886 378.764
202012 285.537 99.751 362.736
202103 277.357 99.817 352.110
202106 269.982 101.270 337.832
202109 263.681 102.095 327.280
202112 257.667 104.853 311.403
202203 497.931 108.651 580.737
202206 140.945 113.517 157.338
202209 31.328 114.371 34.711
202212 37.175 112.428 41.901
202303 15.216 113.620 16.970
202306 17.399 115.515 19.087
202309 17.841 116.234 19.451
202312 18.988 116.364 20.678
202403 19.882 117.285 21.481
202406 20.433 118.129 21.919
202409 21.396 119.650 22.660
202412 22.139 119.360 23.504
202503 24.507 120.133 25.851
202506 25.163 121.399 26.266
202509 25.441 121.950 26.436
202512 26.015 122.450 26.922
202603 26.802 124.820 27.210
202606 8.822 126.720 8.822

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 Performance Shipping (PSHG) Overvalued in 2026?

Based on GuruFocus' analysis, Performance Shipping stock appears to be undervalued. The current stock price of $1.80 is trading 15.5% below its estimated GF Value™ of $2.13. GuruFocus considers Performance Shipping to be Modestly Undervalued.

Key valuation signals for PSHG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2.13 vs. price of $1.80 (15.5% below fair value)
  • GF Score™: 53/100 with 6 warning signs

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


Performance Shipping Business Description

Other Exchanges DS2:Germany
Address 373 Syngrou Avenue, Palaio Faliro, Athens, GRC, 175 64
Performance Shipping Inc is a shipping company. The company is a provider of shipping transportation services through the ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying container vessels and cargo along various shipping routes. It owns and operates Aframax and Suezmax tanker vessels.
53GF Score

Get the complete analysis for PSHG

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

$1.80
Price
$2.13
GF Value