Subsea 7 (STU:SOC) Cyclically Adjusted PB Ratio: 1.93 (As of Jul. 31, 2026) — 112% Above Median

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STU:SOC Subsea 7 SA STU:SOC
70 GF Score
Price €28.50
GF Value €17.88
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Subsea 7 Cyclically Adjusted PB Ratio?

Subsea 7 STU:SOC +3.86% 70 Cyclically Adjusted PB Ratio is 1.93 as of Jul. 31, 2026, which is 112% above its 10-year median of 0.91. GuruFocus rates STU:SOC with a GF Score™ of 70/100 and a GF Value™ of €17.88 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 765 Oil & Gas companies, Subsea 7 ranks worse than 66.93% on this metric.

As of today (2026-07-31), Subsea 7's current share price is €28.50. Subsea 7's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €14.75. Subsea 7's Cyclically Adjusted PB Ratio for today is 1.93.

The historical rank and industry rank for Subsea 7's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:SOC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.91   Max: 2.09
Current: 1.88

During the past years, Subsea 7's highest Cyclically Adjusted PB Ratio was 2.09. The lowest was 0.37. And the median was 0.91.

STU:SOC's Cyclically Adjusted PB Ratio is ranked worse than
66.93% of 765 companies
in the Oil & Gas industry
Industry Median: 1.21 vs STU:SOC: 1.88

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.

Subsea 7's adjusted book value per share data for the three months ended in Jun. 2026 was €12.729. 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 €14.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Subsea 7  (STU:SOC) 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.


Subsea 7 Cyclically Adjusted PB Ratio Related Terms


Subsea 7 Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Subsea 7'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.

Subsea 7 Cyclically Adjusted PB Ratio Chart

Subsea 7 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 0.43 0.73 0.92 1.10 1.23

Subsea 7 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 1.14 1.24 1.23 1.81 2.03

STU:SOC vs SLB, BKR, FTI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Subsea 7'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.


Subsea 7 Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Subsea 7's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Subsea 7's Cyclically Adjusted PB Ratio falls into.


STU:SOC
70GF Score
Subsea 7 SA STU:SOC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Subsea 7 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.

Subsea 7's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.50/14.75
=1.93

* 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.

Subsea 7's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Subsea 7'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)
=12.729/128.5300*128.5300
=12.729

Current CPI (Jun. 2026) = 128.5300.

Subsea 7 Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.493 100.750 19.765
201612 16.245 101.040 20.665
201703 16.254 101.780 20.526
201706 15.382 102.170 19.351
201709 14.995 102.520 18.799
201712 15.250 102.410 19.140
201803 14.841 102.900 18.538
201806 15.048 103.650 18.660
201809 15.191 104.580 18.670
201812 15.654 104.320 19.287
201903 15.978 105.140 19.533
201906 16.016 105.550 19.503
201909 16.453 105.900 19.969
201912 16.051 106.080 19.448
202003 15.873 106.040 19.240
202006 12.890 106.340 15.580
202009 12.252 106.620 14.770
202012 11.675 106.670 14.068
202103 11.973 108.140 14.231
202106 11.625 108.680 13.748
202109 11.988 109.470 14.075
202112 12.532 111.090 14.499
202203 12.847 114.780 14.386
202206 13.300 116.750 14.642
202209 13.947 117.000 15.321
202212 13.407 117.060 14.721
202303 13.579 118.910 14.678
202306 13.210 120.460 14.095
202309 13.464 121.740 14.215
202312 13.194 121.170 13.995
202403 13.288 122.590 13.932
202406 13.123 123.120 13.700
202409 13.045 123.300 13.598
202412 13.731 122.430 14.415
202503 13.511 124.210 13.981
202506 12.146 125.820 12.408
202509 12.249 126.570 12.439
202512 12.707 126.180 12.944
202603 13.185 127.160 13.327
202606 12.729 128.530 12.729

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 1.93 mean?
Subsea 7 (STU:SOC) has a Cyclically Adjusted PB Ratio of 1.93 as of Jul. 31, 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 Subsea 7 and its competitors. This is 112% above median its historical median of 0.91. Over the past decade, Subsea 7's Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.09. According to the industry distribution chart, Subsea 7 ranks #512 out of 765 companies in the Oil & Gas industry, placing it in the top 66.9%.
Is Subsea 7's Cyclically Adjusted PB Ratio too high?
Subsea 7's current Cyclically Adjusted PB Ratio of 1.93 is 112% above median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.09. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. Subsea 7's value of 1.93 is 59.5% above this industry median. Based on the distribution chart, Subsea 7 ranks #512 out of 765 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Subsea 7 has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Subsea 7's Cyclically Adjusted PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Subsea 7 ranks #512 out of 765 companies for Cyclically Adjusted PB Ratio. This places Subsea 7 in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Subsea 7's value of 1.93 is 59.5% above this benchmark. Historically, Subsea 7's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.09 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 1.21, Subsea 7 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 1.21, based on 765 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. Subsea 7's current Cyclically Adjusted PB Ratio of 1.93 is 59.5% 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 Subsea 7 and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Subsea 7's current Cyclically Adjusted PB Ratio is 1.93, which is 112% above median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subsea 7 stock overvalued right now?
Based on GuruFocus' analysis, Subsea 7 (STU:SOC) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.88, compared to a current price of €28.50 — trading 59.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.93, which is 112% above median its 10-year median of 0.91 and 59.5% above the Oil & Gas industry median of 1.21. Subsea 7's overall GF Score™ is 70/100 with 4 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 Subsea 7 (STU:SOC), the current Cyclically Adjusted PB Ratio is 1.93 as of Jul. 31, 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 Subsea 7 (STU:SOC) Overvalued in 2026?

Based on GuruFocus' analysis, Subsea 7 stock appears to be overvalued. The current stock price of €28.50 is trading 59.4% above its estimated GF Value™ of €17.88. GuruFocus considers Subsea 7 to be Significantly Overvalued.

Key valuation signals for STU:SOC:

  • Cyclically Adjusted PB Ratio: 1.93 (112% above median its 10-year median of 0.91)
  • GF Value™: €17.88 vs. price of €28.50 (59.4% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 59.5% above the Oil & Gas median (#512 of 765)

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


Subsea 7 Business Description

Industry EnergyOil & Gas
Address 412F, Route d\'Esch, Luxembourg, LUX, L-1471
Subsea 7 SA is an engineering and construction service provider in the offshore oil and gas industry. It provides a range of services, including subsea umbilicals, risers, and flowlines (SURF), fabrication, installation, maintenance, and heavy lifting, among many others. Its segments are Subsea and Conventional, Renewables, and Corporate. The group generates the majority of its revenue from the Subsea and Conventional segment includes Subsea Umbilicals, Risers and Flowlines, Conventional services, Activities associated with the provision of inspection, repair and maintenance (IRM) services, heavy lifting operations, and decommissioning of redundant offshore structures, carbon capture, and utilisation and storage. Its geographic areas are Norway, Brazil, the United Kingdom, and Others.
70GF Score

Get the complete analysis for STU:SOC

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

€28.50
Price
€17.88
GF Value