Par Pacific Holdings (STU:61P) Cyclically Adjusted PB Ratio: 5.78 (As of Aug. 06, 2026) — 232% Above Median

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STU:61P Par Pacific Holdings Inc STU:61P
67 GF Score
Price €73.02
GF Value €31.44
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Par Pacific Holdings Cyclically Adjusted PB Ratio?

Par Pacific Holdings STU:61P +1.56% 67 Cyclically Adjusted PB Ratio is 5.78 as of Aug. 06, 2026, which is 232% above its 10-year median of 1.74. GuruFocus rates STU:61P with a GF Score™ of 67/100 and a GF Value™ of €31.44 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 763 Oil & Gas companies, Par Pacific Holdings ranks worse than 93.05% on this metric.

As of today (2026-08-06), Par Pacific Holdings's current share price is €73.02. Par Pacific Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €12.63. Par Pacific Holdings's Cyclically Adjusted PB Ratio for today is 5.78.

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

STU:61P' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 1.74   Max: 5.87
Current: 5.65

During the past years, Par Pacific Holdings's highest Cyclically Adjusted PB Ratio was 5.87. The lowest was 0.04. And the median was 1.74.

STU:61P's Cyclically Adjusted PB Ratio is ranked worse than
93.05% of 763 companies
in the Oil & Gas industry
Industry Median: 1.2 vs STU:61P: 5.65

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.

Par Pacific Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was €26.614. 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 €12.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Par Pacific Holdings  (STU:61P) 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.


Par Pacific Holdings Cyclically Adjusted PB Ratio Related Terms


Par Pacific Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Par Pacific Holdings'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.

Par Pacific Holdings Cyclically Adjusted PB Ratio Chart

Par Pacific Holdings 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 1.94 2.48 3.46 1.35 2.53

Par Pacific Holdings 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 2.05 2.63 2.53 4.27 0.00

STU:61P vs DK, CVI, DKL: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Par Pacific Holdings'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.


Par Pacific Holdings Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Par Pacific Holdings's Cyclically Adjusted PB Ratio falls into.


STU:61P
67GF Score
Par Pacific Holdings Inc STU:61P
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Par Pacific Holdings 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.

Par Pacific Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=73.02/12.63
=5.78

* 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.

Par Pacific Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Par Pacific Holdings'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)
=26.614/330.2130*330.2130
=26.614

Current CPI (Mar. 2026) = 330.2130.

Par Pacific Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.988 241.018 9.574
201609 6.893 241.428 9.428
201612 7.681 241.432 10.506
201703 8.154 243.801 11.044
201706 7.921 244.955 10.678
201709 7.835 246.819 10.482
201712 8.265 246.524 11.071
201803 8.174 249.554 10.816
201806 8.961 251.989 11.743
201809 8.893 252.439 11.633
201812 9.585 251.233 12.598
201903 10.917 254.202 14.181
201906 11.440 256.143 14.748
201909 10.284 256.759 13.226
201912 10.955 256.974 14.077
202003 7.235 258.115 9.256
202006 6.461 257.797 8.276
202009 5.979 260.280 7.585
202012 3.749 260.474 4.753
202103 3.856 264.877 4.807
202106 2.340 271.696 2.844
202109 3.580 274.310 4.310
202112 3.909 278.802 4.630
202203 1.902 287.504 2.185
202206 4.379 296.311 4.880
202209 9.182 296.808 10.215
202212 10.062 296.797 11.195
202303 13.590 301.836 14.868
202306 13.900 305.109 15.044
202309 16.586 307.789 17.794
202312 20.493 306.746 22.061
202403 20.424 312.332 21.593
202406 20.663 314.175 21.718
202409 20.181 315.301 21.135
202412 20.586 315.605 21.539
202503 19.660 319.799 20.300
202506 19.616 322.561 20.081
202509 23.669 324.800 24.063
202512 25.981 324.054 26.475
202603 26.614 330.213 26.614

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 5.78 mean?
Par Pacific Holdings (STU:61P) has a Cyclically Adjusted PB Ratio of 5.78 as of Aug. 06, 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 Par Pacific Holdings and its competitors. This is 232% above median its historical median of 1.74. Over the past decade, Par Pacific Holdings' Cyclically Adjusted PB Ratio has ranged from 0.04 to 5.87. According to the industry distribution chart, Par Pacific Holdings ranks #710 out of 763 companies in the Oil & Gas industry, placing it in the top 93.1%.
Is Par Pacific Holdings' Cyclically Adjusted PB Ratio too high?
Par Pacific Holdings' current Cyclically Adjusted PB Ratio of 5.78 is 232% above median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 5.87. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Par Pacific Holdings' value of 5.78 is 381.7% above this industry median. Based on the distribution chart, Par Pacific Holdings ranks #710 out of 763 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Par Pacific Holdings has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Par Pacific Holdings' Cyclically Adjusted PB Ratio compare to DK and CVI?
According to the Oil & Gas industry distribution chart, Par Pacific Holdings ranks #710 out of 763 companies for Cyclically Adjusted PB Ratio. This places Par Pacific Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Par Pacific Holdings' value of 5.78 is 381.7% above this benchmark. Historically, Par Pacific Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.04 to 5.87 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 1.20, Par Pacific Holdings 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 1.20, based on 763 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. Par Pacific Holdings's current Cyclically Adjusted PB Ratio of 5.78 is 381.7% 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 Par Pacific Holdings 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. Par Pacific Holdings's current Cyclically Adjusted PB Ratio is 5.78, which is 232% above median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Par Pacific Holdings stock overvalued right now?
Based on GuruFocus' analysis, Par Pacific Holdings (STU:61P) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.44, compared to a current price of €73.02 — trading 132.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.78, which is 232% above median its 10-year median of 1.74 and 381.7% above the Oil & Gas industry median of 1.20. Par Pacific Holdings' 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 Par Pacific Holdings (STU:61P), the current Cyclically Adjusted PB Ratio is 5.78 as of Aug. 06, 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 Par Pacific Holdings (STU:61P) Overvalued in 2026?

Based on GuruFocus' analysis, Par Pacific Holdings stock appears to be overvalued. The current stock price of €73.02 is trading 132.3% above its estimated GF Value™ of €31.44. GuruFocus considers Par Pacific Holdings to be Significantly Overvalued.

Key valuation signals for STU:61P:

  • Cyclically Adjusted PB Ratio: 5.78 (232% above median its 10-year median of 1.74)
  • GF Value™: €31.44 vs. price of €73.02 (132.3% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 381.7% above the Oil & Gas median (#710 of 763)

No single metric tells the full story. See the STU:61P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Par Pacific Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges PARR:USA
Address 825 Town & Country Lane, Suite 1500, Houston, TX, USA, 77024
Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments: Refining. Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operating licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refineries, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.
67GF Score

Get the complete analysis for STU:61P

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

€73.02
Price
€31.44
GF Value