RGCO (RGC Resources) Cyclically Adjusted PB Ratio: 1.76 (As of Sep. 05, 2026) — 22% Below Median

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RGCO RGC Resources Inc RGCO
70 GF Score
Price $21.87
GF Value $24.94
Valuation Modestly Undervalued
! 4 Warning Signs
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What is RGC Resources Cyclically Adjusted PB Ratio?

RGC Resources RGCO +0.80% 70 Cyclically Adjusted PB Ratio is 1.76 as of Sep. 05, 2026, which is 22% below its 10-year median of 2.26. GuruFocus rates RGCO with a GF Score™ of 70/100 and a GF Value™ of $24.94 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 424 Utilities - Regulated companies, RGC Resources ranks worse than 59.2% on this metric.

As of today (2026-09-05), RGC Resources's current share price is $21.87. RGC Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $12.43. RGC Resources's Cyclically Adjusted PB Ratio for today is 1.76.

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

RGCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.26   Max: 3.81
Current: 1.76

During the past years, RGC Resources's highest Cyclically Adjusted PB Ratio was 3.81. The lowest was 1.37. And the median was 2.26.

RGCO's Cyclically Adjusted PB Ratio is ranked worse than
59.2% of 424 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs RGCO: 1.76

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.

RGC Resources's adjusted book value per share data for the three months ended in Jun. 2026 was $11.794. 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 $12.43 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RGC Resources  (NAS:RGCO) 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.


RGC Resources Cyclically Adjusted PB Ratio Related Terms


RGC Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RGC Resources'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.

RGC Resources Cyclically Adjusted PB Ratio Chart

RGC Resources Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.30 1.96 1.54 1.95 1.87

RGC Resources 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 1.88 1.87 1.77 1.80 1.92

RGCO vs OPAL, ATO, NI: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Gas subindustry, RGC Resources'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.


RGC Resources Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, RGC Resources's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


RGCO
70GF Score
RGC Resources Inc RGCO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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RGC Resources 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.

RGC Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.87/12.43
=1.76

* 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.

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

For example, RGC Resources'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)
=11.794/333.9520*333.9520
=11.794

Current CPI (Jun. 2026) = 333.9520.

RGC Resources Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.751 241.428 10.721
201612 7.956 241.432 11.005
201703 8.299 243.801 11.368
201706 8.251 244.955 11.249
201709 8.292 246.819 11.219
201712 8.454 246.524 11.452
201803 9.943 249.554 13.306
201806 9.946 251.989 13.181
201809 9.954 252.439 13.168
201812 10.105 251.233 13.432
201903 10.565 254.202 13.880
201906 10.508 256.143 13.700
201909 10.293 256.759 13.388
201912 10.673 256.974 13.870
202003 11.100 258.115 14.361
202006 11.078 257.797 14.351
202009 10.893 260.280 13.976
202012 11.325 260.474 14.520
202103 11.860 264.877 14.953
202106 11.871 271.696 14.591
202109 11.905 274.310 14.493
202112 12.194 278.802 14.606
202203 10.773 287.504 12.513
202206 10.769 296.311 12.137
202209 9.479 296.808 10.665
202212 9.632 296.797 10.838
202303 10.106 301.836 11.181
202306 10.097 305.109 11.052
202309 10.058 307.789 10.913
202312 10.293 306.746 11.206
202403 10.860 312.332 11.612
202406 10.671 314.175 11.343
202409 10.550 315.301 11.174
202412 10.888 315.605 11.521
202503 11.429 319.799 11.935
202506 11.261 322.561 11.659
202509 10.984 324.800 11.293
202512 11.241 324.054 11.584
202603 11.924 330.213 12.059
202606 11.794 333.952 11.794

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 1.76 mean?
RGC Resources (RGCO) has a Cyclically Adjusted PB Ratio of 1.76 as of Sep. 05, 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 RGC Resources and its competitors. This is 22% below median its historical median of 2.26. Over the past decade, RGC Resources' Cyclically Adjusted PB Ratio has ranged from 1.37 to 3.81. According to the industry distribution chart, RGC Resources ranks #251 out of 424 companies in the Utilities - Regulated industry, placing it in the top 59.2%.
Is RGC Resources' Cyclically Adjusted PB Ratio too high?
RGC Resources' current Cyclically Adjusted PB Ratio of 1.76 is 22% below median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 3.81. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. RGC Resources' value of 1.76 is 15.8% above this industry median. Based on the distribution chart, RGC Resources ranks #251 out of 424 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, RGC Resources has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RGC Resources' Cyclically Adjusted PB Ratio compare to OPAL and ATO?
According to the Utilities - Regulated industry distribution chart, RGC Resources ranks #251 out of 424 companies for Cyclically Adjusted PB Ratio. This places RGC Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. RGC Resources' value of 1.76 is 15.8% above this benchmark. Historically, RGC Resources' own Cyclically Adjusted PB Ratio has ranged from 1.37 to 3.81 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 1.52, RGC Resources 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 Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 424 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. RGC Resources's current Cyclically Adjusted PB Ratio of 1.76 is 15.8% 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 RGC Resources and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RGC Resources's current Cyclically Adjusted PB Ratio is 1.76, which is 22% below median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RGC Resources stock overvalued right now?
Based on GuruFocus' analysis, RGC Resources (RGCO) is currently considered Modestly Undervalued. The stock's GF Value™ is $24.94, compared to a current price of $21.87 — trading 12.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.76, which is 22% below median its 10-year median of 2.26 and 15.8% above the Utilities - Regulated industry median of 1.52. RGC Resources' overall GF Score™ is 70/100 with 4 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 RGC Resources (RGCO), the current Cyclically Adjusted PB Ratio is 1.76 as of Sep. 05, 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 RGC Resources (RGCO) Overvalued in 2026?

Based on GuruFocus' analysis, RGC Resources stock appears to be undervalued. The current stock price of $21.87 is trading 12.3% below its estimated GF Value™ of $24.94. GuruFocus considers RGC Resources to be Modestly Undervalued.

Key valuation signals for RGCO:

  • Cyclically Adjusted PB Ratio: 1.76 (22% below median its 10-year median of 2.26)
  • GF Value™: $24.94 vs. price of $21.87 (12.3% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 15.8% above the Utilities - Regulated median (#251 of 424)

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


RGC Resources Business Description

Address 519 Kimball Avenue North East, Roanoke, VA, USA, 24016
RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia, and its surrounding localities. The company also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other including the unregulated activities of the Company as well as certain corporate eliminations.
70GF Score

Get the complete analysis for RGCO

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

$21.87
Price
$24.94
GF Value