SCEYF (Source Energy Services) Cyclically Adjusted PB Ratio: 0.67 (As of Jul. 19, 2026) — Near Median

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SCEYF Source Energy Services Ltd SCEYF
67 GF Score
Price $9.90
GF Value $9.06
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Source Energy Services Cyclically Adjusted PB Ratio?

Source Energy Services SCEYF +0.20% 67 Cyclically Adjusted PB Ratio is 0.67 as of Jul. 19, 2026, which is 8% below its 10-year median of 0.73. GuruFocus rates SCEYF with a GF Scoreâ„¢ of 67/100 and a GF Valueâ„¢ of $9.06 (Fairly Valued). The stock has 7 warning signs investors should review. Among 773 Oil & Gas companies, Source Energy Services ranks better than 70.25% on this metric.

As of today (2026-07-19), Source Energy Services's current share price is $9.90. Source Energy Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $14.85. Source Energy Services's Cyclically Adjusted PB Ratio for today is 0.67.

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

SCEYF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.73   Max: 0.88
Current: 0.62

During the past years, Source Energy Services's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.54. And the median was 0.73.

SCEYF's Cyclically Adjusted PB Ratio is ranked better than
70.25% of 773 companies
in the Oil & Gas industry
Industry Median: 1.2 vs SCEYF: 0.62

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.

Source Energy Services's adjusted book value per share data for the three months ended in Mar. 2026 was $11.622. 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 $14.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Source Energy Services  (OTCPK:SCEYF) 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.


Source Energy Services Cyclically Adjusted PB Ratio Related Terms


Source Energy Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Source Energy Services'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.

Source Energy Services Cyclically Adjusted PB Ratio Chart

Source Energy Services 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 0.00 0.00 0.00 0.00 0.75

Source Energy Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.69 0.70 0.75 0.73

SCEYF vs SLB, BKR, HAL: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Source Energy Services'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.


Source Energy Services Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


SCEYF
67GF Score
Source Energy Services Ltd SCEYF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Source Energy Services 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.

Source Energy Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.90/14.85
=0.67

* 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.

Source Energy Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Source Energy Services's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=11.622/132.2623*132.2623
=11.622

Current CPI (Mar. 2026) = 132.2623.

Source Energy Services Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 102.002 0.000
201609 0.000 101.765 0.000
201612 -31.962 101.449 -41.670
201703 -33.443 102.634 -43.097
201706 34.401 103.029 44.162
201709 36.794 103.345 47.090
201712 42.263 103.345 54.089
201803 43.527 105.004 54.826
201806 45.106 105.557 56.518
201809 44.582 105.636 55.819
201812 43.887 105.399 55.073
201903 42.231 106.979 52.212
201906 39.452 107.690 48.454
201909 31.077 107.611 38.196
201912 30.183 107.769 37.043
202003 4.950 107.927 6.066
202006 2.285 108.401 2.788
202009 0.763 108.164 0.933
202012 1.884 108.559 2.295
202103 1.478 110.298 1.772
202106 1.338 111.720 1.584
202109 1.219 112.905 1.428
202112 0.376 113.774 0.437
202203 -0.084 117.646 -0.094
202206 0.330 120.806 0.361
202209 0.949 120.648 1.040
202212 0.307 120.964 0.336
202303 0.752 122.702 0.811
202306 0.787 124.203 0.838
202309 1.059 125.230 1.118
202312 9.307 125.072 9.842
202403 9.502 126.258 9.954
202406 9.673 127.522 10.033
202409 10.197 127.285 10.596
202412 9.839 127.364 10.217
202503 10.970 129.181 11.232
202506 11.868 129.892 12.085
202509 11.561 130.287 11.736
202512 11.577 130.366 11.745
202603 11.622 132.262 11.622

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 0.67 mean?
Source Energy Services (SCEYF) has a Cyclically Adjusted PB Ratio of 0.67 as of Jul. 19, 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 Source Energy Services and its competitors. This is near median its historical median of 0.73. Over the past decade, Source Energy Services' Cyclically Adjusted PB Ratio has ranged from 0.54 to 0.88. According to the industry distribution chart, Source Energy Services ranks #230 out of 773 companies in the Oil & Gas industry, placing it in the top 29.8%.
Is Source Energy Services' Cyclically Adjusted PB Ratio too high?
Source Energy Services' current Cyclically Adjusted PB Ratio of 0.67 is near median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 0.88. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Source Energy Services' value of 0.67 is 44.2% below this industry median. Based on the distribution chart, Source Energy Services ranks #230 out of 773 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Source Energy Services has a GF Scoreâ„¢ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Source Energy Services' Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Source Energy Services ranks #230 out of 773 companies for Cyclically Adjusted PB Ratio. This puts Source Energy Services in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Source Energy Services' value of 0.67 is 44.2% below this benchmark. Historically, Source Energy Services' own Cyclically Adjusted PB Ratio has ranged from 0.54 to 0.88 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.20, Source Energy Services has consistently been below 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 1.20, 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. Source Energy Services's current Cyclically Adjusted PB Ratio of 0.67 is 44.2% below 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 Source Energy Services and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Source Energy Services's current Cyclically Adjusted PB Ratio is 0.67, which is near median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Source Energy Services (SCEYF) is currently considered Fairly Valued. The stock's GF Value™ is $9.06, compared to a current price of $9.90 — trading 9.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.67, which is near median its 10-year median of 0.73 and 44.2% below the Oil & Gas industry median of 1.20. Source Energy Services' overall GF Score™ is 67/100 with 7 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 Source Energy Services (SCEYF), the current Cyclically Adjusted PB Ratio is 0.67 as of Jul. 19, 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 Source Energy Services (SCEYF) Overvalued in 2026?

Based on GuruFocus' analysis, Source Energy Services stock appears to be overvalued. The current stock price of $9.90 is trading 9.3% above its estimated GF Value™ of $9.06. GuruFocus considers Source Energy Services to be Fairly Valued.

Key valuation signals for SCEYF:

  • Cyclically Adjusted PB Ratio: 0.67 (near median its 10-year median of 0.73)
  • GF Value™: $9.06 vs. price of $9.90 (9.3% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 44.2% below the Oil & Gas median (#230 of 773)

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


Source Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges S4O0:GermanySHLE:Canada
Address 438, 11th Avenue SE, Suite 500, Calgary, AB, CAN, T2G 0Y4
Source Energy Services Ltd is a Canada-based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.
67GF Score

Get the complete analysis for SCEYF

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

$9.90
Price
$9.06
GF Value