MOL Hungarian Oil and Gas (STU:MOGG) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:MOGG MOL Hungarian Oil and Gas PLC STU:MOGG
63 GF Score
Price €7.45
GF Value €3.91
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MOL Hungarian Oil and Gas  (STU:MOGG) 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.


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Related Terms


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MOL Hungarian Oil and Gas'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.

MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Chart

MOL Hungarian Oil and Gas 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 0.42 0.40 0.40 0.37 0.40

MOL Hungarian Oil and Gas 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 0.40 0.38 0.41 0.55 0.56

STU:MOGG vs MPC, VLO, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, MOL Hungarian Oil and Gas'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.


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where MOL Hungarian Oil and Gas's Cyclically Adjusted PB Ratio falls into.


STU:MOGG
63GF Score
MOL Hungarian Oil and Gas PLC STU:MOGG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MOL Hungarian Oil and Gas 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.

MOL Hungarian Oil and Gas's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, MOL Hungarian Oil and Gas'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)
=9.801/175.2400*175.2400
=9.801

Current CPI (Jun. 2026) = 175.2400.

MOL Hungarian Oil and Gas Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.599 100.370 8.030
201612 4.593 101.406 7.937
201703 3.741 102.147 6.418
201706 4.931 102.724 8.412
201709 5.051 102.902 8.602
201712 5.225 103.627 8.836
201803 5.373 104.219 9.034
201806 5.223 105.922 8.641
201809 5.482 106.588 9.013
201812 5.675 106.440 9.343
201903 5.781 108.068 9.374
201906 5.677 109.475 9.087
201909 5.759 109.623 9.206
201912 5.834 110.659 9.239
202003 5.534 112.287 8.637
202006 5.477 112.583 8.525
202009 5.452 113.398 8.425
202012 5.476 113.694 8.440
202103 5.544 116.358 8.349
202106 6.041 118.579 8.928
202109 6.421 119.541 9.413
202112 6.704 122.058 9.625
202203 7.204 126.351 9.991
202206 7.195 132.420 9.522
202209 7.848 143.597 9.577
202212 7.925 152.036 9.135
202303 8.381 158.105 9.289
202306 7.989 158.993 8.805
202309 8.470 161.140 9.211
202312 8.667 160.400 9.469
202403 8.835 163.879 9.448
202406 8.685 164.841 9.233
202409 8.887 165.877 9.389
202412 8.911 167.802 9.306
202503 9.241 171.577 9.438
202506 8.830 172.391 8.976
202509 9.196 173.060 9.312
202512 9.324 173.240 9.432
202603 9.401 174.650 9.433
202606 9.801 175.240 9.801

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 MOL Hungarian Oil and Gas (STU:MOGG) Overvalued in 2026?

Based on GuruFocus' analysis, MOL Hungarian Oil and Gas stock appears to be overvalued. The current stock price of €7.45 is trading 90.5% above its estimated GF Value™ of €3.91. GuruFocus considers MOL Hungarian Oil and Gas to be Significantly Overvalued.

Key valuation signals for STU:MOGG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.91 vs. price of €7.45 (90.5% above fair value)
  • GF Score™: 63/100 with 6 warning signs

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


MOL Hungarian Oil and Gas Business Description

Industry EnergyOil & Gas
Address Dombovari ut 28, Budapest, HUN, H-1117
MOL Hungarian Oil and Gas PLC is a multinational integrated oil and gas company. The group has various segments, including Upstream, Downstream, Consumer services, Gas midstream, Circular Economy and Corporate and others. The Downstream segment derives the majority of the revenue, which consists of different business activities that are part of an integrated value chain that turns crude oil into a range of refined products, which are moved and marketed for household, industrial, and transport use. Geographically, the firm derives key revenue from Hungary, Croatia, and Slovakia.
63GF Score

Get the complete analysis for STU:MOGG

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

€7.45
Price
€3.91
GF Value