TRMOY (Tourmaline Oil) Cyclically Adjusted PB Ratio: (As of Aug. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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.

TRMOY Tourmaline Oil Corp TRMOY
62 GF Score
Price $15.00
GF Value $14.86
Valuation Fairly Valued
! 8 Warning Signs
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What is Tourmaline Oil Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tourmaline Oil  (OTCPK:TRMOY) 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.


Tourmaline Oil Cyclically Adjusted PB Ratio Related Terms


Tourmaline Oil Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tourmaline 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.

Tourmaline Oil Cyclically Adjusted PB Ratio Chart

Tourmaline Oil 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 1.54 2.27 1.81 1.90 1.67

Tourmaline Oil 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 1.81 1.64 1.67 1.76 1.55

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

For the Oil & Gas E&P subindustry, Tourmaline 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.


Tourmaline Oil Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


TRMOY
62GF Score
Tourmaline Oil Corp TRMOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tourmaline 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.

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

For example, Tourmaline Oil'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)
=9.772/133.5265*133.5265
=9.772

Current CPI (Jun. 2026) = 133.5265.

Tourmaline Oil Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.965 101.765 7.827
201612 6.271 101.449 8.254
201703 6.353 102.634 8.265
201706 6.506 103.029 8.432
201709 7.104 103.345 9.179
201712 6.922 103.345 8.944
201803 6.943 105.004 8.829
201806 6.846 105.557 8.660
201809 6.929 105.636 8.758
201812 6.879 105.399 8.715
201903 6.974 106.979 8.705
201906 7.136 107.690 8.848
201909 7.155 107.611 8.878
201912 7.271 107.769 9.009
202003 6.806 107.927 8.420
202006 7.027 108.401 8.656
202009 7.179 108.164 8.862
202012 7.730 108.559 9.508
202103 8.056 110.298 9.753
202106 8.707 111.720 10.407
202109 8.483 112.905 10.032
202112 9.135 113.774 10.721
202203 9.045 117.646 10.266
202206 9.127 120.806 10.088
202209 10.739 120.648 11.885
202212 9.916 120.964 10.946
202303 9.483 122.702 10.320
202306 9.718 124.203 10.447
202309 9.435 125.230 10.060
202312 9.911 125.072 10.581
202403 9.819 126.258 10.384
202406 9.691 127.522 10.147
202409 9.860 127.285 10.344
202412 9.732 127.364 10.203
202503 9.606 129.181 9.929
202506 10.391 129.892 10.682
202509 10.196 130.287 10.450
202512 9.637 130.366 9.871
202603 9.990 132.262 10.085
202606 9.772 133.527 9.772

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 Tourmaline Oil (TRMOY) Overvalued in 2026?

Based on GuruFocus' analysis, Tourmaline Oil stock appears to be overvalued. The current stock price of $15.00 is trading 0.9% above its estimated GF Value™ of $14.86. GuruFocus considers Tourmaline Oil to be Fairly Valued.

Key valuation signals for TRMOY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $14.86 vs. price of $15.00 (0.9% above fair value)
  • GF Score™: 62/100 with 8 warning signs

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


Tourmaline Oil Business Description

Industry EnergyOil & Gas
Address 250 - 6th Avenue SW, Suite 2900, Calgary, AB, CAN, T2P 3H7
Tourmaline Oil is a Canadian natural gas producer with an integrated midstream gathering and processing operation. Its primary product is natural gas, but also produces natural gas liquids, condensates, and oil. As a result of multiple acquisitions, it has become the largest natural gas producer in Canada.
62GF Score

Get the complete analysis for TRMOY

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

$15.00
Price
$14.86
GF Value