Comstock Resources (STU:CX91) Cyclically Adjusted PB Ratio: 67.78 (As of Aug. 25, 2026) — 52038% Above Median

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STU:CX91 Comstock Resources Inc STU:CX91
70 GF Score
Price €12.20
GF Value €13.56
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Comstock Resources Cyclically Adjusted PB Ratio?

Comstock Resources STU:CX91 +0.16% 70 Cyclically Adjusted PB Ratio is 67.78 as of Aug. 25, 2026, which is 52038% above its 10-year median of 0.13. GuruFocus rates STU:CX91 with a GF Score™ of 70/100 and a GF Value™ of €13.56 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 757 Oil & Gas companies, Comstock Resources ranks worse than 99.21% on this metric.

As of today (2026-08-25), Comstock Resources's current share price is €12.20. Comstock Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.18. Comstock Resources's Cyclically Adjusted PB Ratio for today is 67.78.

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

STU:CX91' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.13   Max: 1525
Current: 67.64

During the past years, Comstock Resources's highest Cyclically Adjusted PB Ratio was 1525.00. The lowest was 0.05. And the median was 0.13.

STU:CX91's Cyclically Adjusted PB Ratio is ranked worse than
99.21% of 757 companies
in the Oil & Gas industry
Industry Median: 1.22 vs STU:CX91: 67.64

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.

Comstock Resources's adjusted book value per share data for the three months ended in Jun. 2026 was €7.624. 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 €0.18 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comstock Resources  (STU:CX91) 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.


Comstock Resources Cyclically Adjusted PB Ratio Related Terms


Comstock Resources Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Comstock 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.

Comstock Resources Cyclically Adjusted PB Ratio Chart

Comstock Resources 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 0.22 0.53 0.62 6.96 0.00

Comstock 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 0.00 0.00 0.00 0.00 70.67

STU:CX91 vs CRGY, CRC, BSM: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, Comstock 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.


Comstock Resources Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


STU:CX91
70GF Score
Comstock Resources Inc STU:CX91
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Comstock 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.20/0.18
=67.78

* 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.

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

For example, Comstock 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)
=7.624/333.9520*333.9520
=7.624

Current CPI (Jun. 2026) = 333.9520.

Comstock Resources Quarterly Data

Book Value per Share CPI Adj_Book
201609 -14.648 241.428 -20.262
201612 -18.450 241.432 -25.520
201703 -17.460 243.801 -23.916
201706 -17.554 244.955 -23.932
201709 -17.861 246.819 -24.166
201712 -20.225 246.524 -27.398
201803 -20.575 249.554 -27.533
201806 -23.290 251.989 -30.865
201809 4.218 252.439 5.580
201812 4.729 251.233 6.286
201903 4.880 254.202 6.411
201906 5.061 256.143 6.598
201909 5.238 256.759 6.813
201912 5.414 256.974 7.036
202003 5.594 258.115 7.238
202006 5.030 257.797 6.516
202009 4.338 260.280 5.566
202012 4.480 260.474 5.744
202103 4.084 264.877 5.149
202106 3.377 271.696 4.151
202109 2.391 274.310 2.911
202112 3.848 278.802 4.609
202203 3.503 287.504 4.069
202206 5.158 296.311 5.813
202209 6.997 296.808 7.873
202212 7.750 296.797 8.720
202303 8.011 301.836 8.863
202306 7.623 305.109 8.344
202309 7.682 307.789 8.335
202312 7.767 306.746 8.456
202403 7.701 312.332 8.234
202406 7.376 314.175 7.840
202409 7.076 315.301 7.495
202412 7.323 315.605 7.749
202503 6.699 319.799 6.995
202506 6.637 322.561 6.871
202509 6.862 324.800 7.055
202512 7.713 324.054 7.949
202603 8.121 330.213 8.213
202606 7.624 333.952 7.624

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 67.78 mean?
Comstock Resources (STU:CX91) has a Cyclically Adjusted PB Ratio of 67.78 as of Aug. 25, 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 Comstock Resources and its competitors. This is 52038% above median its historical median of 0.13. Over the past decade, Comstock Resources' Cyclically Adjusted PB Ratio has ranged from 0.05 to 1,525.00. According to the industry distribution chart, Comstock Resources ranks #751 out of 757 companies in the Oil & Gas industry, placing it in the top 99.2%.
Is Comstock Resources' Cyclically Adjusted PB Ratio too high?
Comstock Resources' current Cyclically Adjusted PB Ratio of 67.78 is 52038% above median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 1,525.00. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.22. Comstock Resources' value of 67.78 is 5455.7% above this industry median. Based on the distribution chart, Comstock Resources ranks #751 out of 757 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Comstock 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 Comstock Resources' Cyclically Adjusted PB Ratio compare to CRGY and CRC?
According to the Oil & Gas industry distribution chart, Comstock Resources ranks #751 out of 757 companies for Cyclically Adjusted PB Ratio. This places Comstock Resources in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.22. Comstock Resources' value of 67.78 is 5455.7% above this benchmark. Historically, Comstock Resources' own Cyclically Adjusted PB Ratio has ranged from 0.05 to 1,525.00 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 1.22, Comstock 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 Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.22, based on 757 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. Comstock Resources's current Cyclically Adjusted PB Ratio of 67.78 is 5455.7% 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 Comstock Resources and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comstock Resources's current Cyclically Adjusted PB Ratio is 67.78, which is 52038% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comstock Resources stock overvalued right now?
Based on GuruFocus' analysis, Comstock Resources (STU:CX91) is currently considered Modestly Undervalued. The stock's GF Value™ is €13.56, compared to a current price of €12.20 — trading 10% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 67.78, which is 52038% above median its 10-year median of 0.13 and 5455.7% above the Oil & Gas industry median of 1.22. Comstock Resources' overall GF Score™ is 70/100 with 5 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 Comstock Resources (STU:CX91), the current Cyclically Adjusted PB Ratio is 67.78 as of Aug. 25, 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 Comstock Resources (STU:CX91) Overvalued in 2026?

Based on GuruFocus' analysis, Comstock Resources stock appears to be undervalued. The current stock price of €12.20 is trading 10% below its estimated GF Value™ of €13.56. GuruFocus considers Comstock Resources to be Modestly Undervalued.

Key valuation signals for STU:CX91:

  • Cyclically Adjusted PB Ratio: 67.78 (52038% above median its 10-year median of 0.13)
  • GF Value™: €13.56 vs. price of €12.20 (10% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 5455.7% above the Oil & Gas median (#751 of 757)

No single metric tells the full story. See the STU:CX91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Comstock Resources Business Description

Industry EnergyOil & Gas
Other Exchanges CRK:USA
Address 5300 Town and Country Boulevard, Suite 500, Comstock Tower, Frisco, TX, USA, 75034
Comstock Resources Inc is an independent natural gas producer operating in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. The company's oil and gas operations are concentrated in Louisiana and Texas.
70GF Score

Get the complete analysis for STU:CX91

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

€12.20
Price
€13.56
GF Value