TGS (Transportadora de Gas del Sur) Cyclically Adjusted PB Ratio: (As of Aug. 14, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TGS Transportadora de Gas del Sur SA TGS
96 GF Score
Price $28.10
GF Value $21.97
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Transportadora de Gas del Sur Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Transportadora de Gas del Sur  (NYSE:TGS) 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.


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Related Terms


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Transportadora de Gas del Sur'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.

Transportadora de Gas del Sur Cyclically Adjusted PB Ratio Chart

Transportadora de Gas del Sur 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 4.45 8.76 14.80 15.12 11.07

Transportadora de Gas del Sur 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 9.73 8.74 11.07 10.39 0.00

TGS vs XOM, CVX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Integrated subindustry, Transportadora de Gas del Sur'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.


Transportadora de Gas del Sur Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Transportadora de Gas del Sur's Cyclically Adjusted PB Ratio falls into.


TGS
96GF Score
Transportadora de Gas del Sur SA TGS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Transportadora de Gas del Sur 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.

Transportadora de Gas del Sur's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Transportadora de Gas del Sur'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)
=17.788/333.9520*333.9520
=17.788

Current CPI (Jun. 2026) = 333.9520.

Transportadora de Gas del Sur Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.839 241.428 1.161
201612 0.966 241.432 1.336
201703 1.254 243.801 1.718
201706 1.407 244.955 1.918
201709 1.503 246.819 2.034
201712 8.023 246.524 10.868
201803 2.122 249.554 2.840
201806 1.869 251.989 2.477
201809 0.728 252.439 0.963
201812 7.784 251.233 10.347
201903 5.785 254.202 7.600
201906 5.052 256.143 6.587
201909 4.498 256.759 5.850
201912 6.979 256.974 9.070
202003 5.643 258.115 7.301
202006 5.592 257.797 7.244
202009 5.614 260.280 7.203
202012 8.134 260.474 10.429
202103 5.787 264.877 7.296
202106 6.340 271.696 7.793
202109 7.017 274.310 8.543
202112 15.450 278.802 18.506
202203 9.166 287.504 10.647
202206 9.897 296.311 11.154
202209 10.672 296.808 12.008
202212 32.970 296.797 37.097
202303 11.128 301.836 12.312
202306 11.673 305.109 12.776
202309 10.886 307.789 11.811
202312 34.285 306.746 37.326
202403 10.670 312.332 11.409
202406 12.540 314.175 13.329
202409 13.601 315.301 14.406
202412 19.323 315.605 20.446
202503 15.778 319.799 16.476
202506 14.144 322.561 14.643
202509 13.621 324.800 14.005
202512 14.314 324.054 14.751
202603 17.022 330.213 17.215
202606 17.788 333.952 17.788

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 Transportadora de Gas del Sur (TGS) Overvalued in 2026?

Based on GuruFocus' analysis, Transportadora de Gas del Sur stock appears to be overvalued. The current stock price of $28.10 is trading 27.9% above its estimated GF Value™ of $21.97. GuruFocus considers Transportadora de Gas del Sur to be Modestly Overvalued.

Key valuation signals for TGS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $21.97 vs. price of $28.10 (27.9% above fair value)
  • GF Score™: 96/100 with 3 warning signs

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


Transportadora de Gas del Sur Business Description

Industry EnergyOil & Gas
Address Cecilia Grierson 355, 26th Floor, Buenos Aires, ARG, C1107CBG
Transportadora de Gas del Sur SA is a natural gas transporter in Latin America. The company's operating segments include Natural Gas Transportation, Midstream, Telecommunications, and Liquids Production and Commercialization. It generates maximum revenue from the Natural Gas Transportation segment. Geographically, it derives the majority of its revenue from Argentina.
96GF Score

Get the complete analysis for TGS

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

$28.10
Price
$21.97
GF Value