Delek US Holdings (STU:DEH) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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STU:DEH Delek US Holdings Inc STU:DEH
52 GF Score
Price €67.76
GF Value €20.02
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Delek US Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Delek US Holdings  (STU:DEH) 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.


Delek US Holdings Cyclically Adjusted PB Ratio Related Terms


Delek US Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Delek US 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.

Delek US Holdings Cyclically Adjusted PB Ratio Chart

Delek US 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 0.70 1.24 1.14 0.84 1.38

Delek US 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 0.91 1.42 1.34 2.08 2.41

STU:DEH vs CVI, IEP, PARR: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Delek US 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.


Delek US Holdings Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


STU:DEH
52GF Score
Delek US Holdings Inc STU:DEH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delek US 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.

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

For example, Delek US Holdings'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)
=6.041/333.9520*333.9520
=6.041

Current CPI (Jun. 2026) = 333.9520.

Delek US Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 16.500 241.428 22.823
201612 18.096 241.432 25.031
201703 17.823 243.801 24.413
201706 16.242 244.955 22.143
201709 18.523 246.819 25.062
201712 20.252 246.524 27.434
201803 17.374 249.554 23.250
201806 18.158 251.989 24.064
201809 19.887 252.439 26.309
201812 20.278 251.233 26.955
201903 21.609 254.202 28.388
201906 21.131 256.143 27.550
201909 23.008 256.759 29.925
201912 22.254 256.974 28.920
202003 18.471 258.115 23.898
202006 18.848 257.797 24.416
202009 16.428 260.280 21.078
202012 12.463 260.474 15.979
202103 11.850 264.877 14.940
202106 10.844 271.696 13.329
202109 11.380 274.310 13.854
202112 12.018 278.802 14.395
202203 12.383 287.504 14.384
202206 18.009 296.311 20.297
202209 18.803 296.808 21.156
202212 14.972 296.797 16.846
202303 15.447 301.836 17.091
202306 14.857 305.109 16.261
202309 16.899 307.789 18.335
202312 13.582 306.746 14.787
202403 14.964 312.332 16.000
202406 14.215 314.175 15.110
202409 13.307 315.301 14.094
202412 8.880 315.605 9.396
202503 6.556 319.799 6.846
202506 4.157 322.561 4.304
202509 6.310 324.800 6.488
202512 7.795 324.054 8.033
202603 4.282 330.213 4.330
202606 6.041 333.952 6.041

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 Delek US Holdings (STU:DEH) Overvalued in 2026?

Based on GuruFocus' analysis, Delek US Holdings stock appears to be overvalued. The current stock price of €67.76 is trading 238.5% above its estimated GF Value™ of €20.02. GuruFocus considers Delek US Holdings to be Significantly Overvalued.

Key valuation signals for STU:DEH:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €20.02 vs. price of €67.76 (238.5% above fair value)
  • GF Score™: 52/100 with 9 warning signs

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


Delek US Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges DK:USA
Address 310 Seven Springs Way, Suite 500, Brentwood, TN, USA, 37027
Delek US Holdings Inc is an integrated energy business focused on petroleum refining, transportation and storage; wholesale crude oil, intermediate, and refined products, and convenience stores retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. It has three segments: Refining segment and Logistics segment and retail segment. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.
52GF Score

Get the complete analysis for STU:DEH

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

€67.76
Price
€20.02
GF Value