TAOIF (TAG Oil) Cyclically Adjusted PB Ratio: 0.11 (As of Aug. 07, 2026) — 35% Below Median

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What is TAG Oil Cyclically Adjusted PB Ratio?

TAG Oil TAOIF -3.16% Cyclically Adjusted PB Ratio is 0.11 as of Aug. 07, 2026, which is 35% below its 10-year median of 0.17. The stock has 1 warning sign investors should review. Among 769 Oil & Gas companies, TAG Oil ranks better than 93.11% on this metric.

As of today (2026-08-07), TAG Oil's current share price is $0.0582. TAG Oil's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.52. TAG Oil's Cyclically Adjusted PB Ratio for today is 0.11.

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

TAOIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.17   Max: 0.47
Current: 0.11

During the past years, TAG Oil's highest Cyclically Adjusted PB Ratio was 0.47. The lowest was 0.05. And the median was 0.17.

TAOIF's Cyclically Adjusted PB Ratio is ranked better than
93.11% of 769 companies
in the Oil & Gas industry
Industry Median: 1.19 vs TAOIF: 0.11

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.

TAG Oil's adjusted book value per share data for the three months ended in Mar. 2026 was $0.113. 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 $0.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TAG Oil  (OTCPK:TAOIF) 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.


TAG Oil Cyclically Adjusted PB Ratio Related Terms


TAG Oil Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TAG Oil'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.

TAG Oil Cyclically Adjusted PB Ratio Chart

TAG Oil Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.16 0.34 0.14 0.12

TAG Oil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.11 0.17 0.15 0.12 0.13

TAOIF vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, TAG Oil'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.


TAG Oil Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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



TAG Oil 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.

TAG Oil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0582/0.52
=0.11

* 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.

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

For example, TAG Oil'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)
=0.113/132.2623*132.2623
=0.113

Current CPI (Mar. 2026) = 132.2623.

TAG Oil Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.967 102.002 1.254
201609 0.951 101.765 1.236
201612 0.885 101.449 1.154
201703 1.060 102.634 1.366
201706 1.067 103.029 1.370
201709 1.043 103.345 1.335
201712 0.996 103.345 1.275
201803 1.132 105.004 1.426
201806 1.077 105.557 1.349
201809 0.513 105.636 0.642
201812 0.528 105.399 0.663
201903 0.536 106.979 0.663
201906 0.513 107.690 0.630
201909 0.515 107.611 0.633
201912 0.498 107.769 0.611
202003 0.472 107.927 0.578
202006 0.250 108.401 0.305
202009 0.238 108.164 0.291
202012 0.198 108.559 0.241
202103 0.174 110.298 0.209
202106 0.169 111.720 0.200
202109 0.156 112.905 0.183
202112 0.145 113.774 0.169
202203 0.148 117.646 0.166
202206 0.146 120.806 0.160
202209 0.144 120.648 0.158
202212 0.184 120.964 0.201
202303 0.183 122.702 0.197
202306 0.182 124.203 0.194
202309 0.200 125.230 0.211
202312 0.187 125.072 0.198
202403 0.186 126.258 0.195
202406 0.177 127.522 0.184
202409 0.168 127.285 0.175
202412 0.154 127.364 0.160
202503 0.145 129.181 0.148
202506 0.146 129.892 0.149
202509 0.144 130.287 0.146
202512 0.137 130.366 0.139
202603 0.113 132.262 0.113

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 0.11 mean?
TAG Oil (TAOIF) has a Cyclically Adjusted PB Ratio of 0.11 as of Aug. 07, 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 TAG Oil and its competitors. This is 35% below median its historical median of 0.17. Over the past decade, TAG Oil's Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.47. According to the industry distribution chart, TAG Oil ranks #53 out of 769 companies in the Oil & Gas industry, placing it in the top 6.9%.
Is TAG Oil's Cyclically Adjusted PB Ratio too high?
TAG Oil's current Cyclically Adjusted PB Ratio of 0.11 is 35% below median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.47. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.19. TAG Oil's value of 0.11 is 90.8% below this industry median. Based on the distribution chart, TAG Oil ranks #53 out of 769 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does TAG Oil's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, TAG Oil ranks #53 out of 769 companies for Cyclically Adjusted PB Ratio. This places TAG Oil in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.19. TAG Oil's value of 0.11 is 90.8% below this benchmark. Historically, TAG Oil's own Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.47 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 1.19, TAG Oil has consistently been below 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 1.19, based on 769 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. TAG Oil's current Cyclically Adjusted PB Ratio of 0.11 is 90.8% below 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 TAG Oil and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAG Oil's current Cyclically Adjusted PB Ratio is 0.11, which is 35% below median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAG Oil stock overvalued right now?
Based on GuruFocus' analysis, TAG Oil (TAOIF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.34, compared to a current price of $0.06 — trading 82.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.11, which is 35% below median its 10-year median of 0.17 and 90.8% below the Oil & Gas industry median of 1.19. 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 TAG Oil (TAOIF), the current Cyclically Adjusted PB Ratio is 0.11 as of Aug. 07, 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.

TAG Oil Business Description

Industry EnergyOil & Gas
Other Exchanges T0P:GermanyTAO:Canada
Address 1050 West Pender Street, Suite 1710, Vancouver, BC, CAN, V6E 3S7
TAG Oil Ltd is focused on oil and gas exploration and development opportunities in the Middle East and North Africa. The company is developing the unconventional heavy oil Abu Roash F (ARF) formation in the Badr oil field (BED-1) and Southeast Ras Qattara (SERQ) concessions.