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Meren Energy (TSX:MER) Cyclically Adjusted PB Ratio : 0.61 (As of Jun. 02, 2025)


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What is Meren Energy Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Meren Energy's current share price is C$1.80. Meren Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$2.95. Meren Energy's Cyclically Adjusted PB Ratio for today is 0.61.

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

TSX:MER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.62   Max: 0.65
Current: 0.61

During the past years, Meren Energy's highest Cyclically Adjusted PB Ratio was 0.65. The lowest was 0.58. And the median was 0.62.

TSX:MER's Cyclically Adjusted PB Ratio is ranked better than
63.85% of 780 companies
in the Oil & Gas industry
Industry Median: 0.9 vs TSX:MER: 0.61

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.

Meren Energy's adjusted book value per share data for the three months ended in Mar. 2025 was C$1.962. 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 C$2.95 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meren Energy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Meren Energy'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.

* Premium members only.

Meren Energy Cyclically Adjusted PB Ratio Chart

Meren Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.66 0.83 0.81 0.67

Meren Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.77 0.80 0.58 0.67 0.70

Competitive Comparison of Meren Energy's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Meren Energy'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.


Meren Energy's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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


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Meren Energy 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.

Meren Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.80/2.95
=0.61

* 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.

Meren Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Meren Energy's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.962/129.1809*129.1809
=1.962

Current CPI (Mar. 2025) = 129.1809.

Meren Energy Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.972 100.500 3.820
201509 3.108 100.421 3.998
201512 2.980 99.947 3.852
201603 2.867 101.054 3.665
201606 2.793 102.002 3.537
201609 2.837 101.765 3.601
201612 2.857 101.449 3.638
201703 2.861 102.634 3.601
201706 2.840 103.029 3.561
201709 2.623 103.345 3.279
201712 2.722 103.345 3.403
201803 2.712 105.004 3.336
201806 2.622 105.557 3.209
201809 2.604 105.636 3.184
201812 2.633 105.399 3.227
201903 2.616 106.979 3.159
201906 2.574 107.690 3.088
201909 2.564 107.611 3.078
201912 2.143 107.769 2.569
202003 1.884 107.927 2.255
202006 1.880 108.401 2.240
202009 1.911 108.164 2.282
202012 2.047 108.559 2.436
202103 2.077 110.298 2.433
202106 2.134 111.720 2.468
202109 2.386 112.905 2.730
202112 2.556 113.774 2.902
202203 2.615 117.646 2.871
202206 2.660 120.806 2.844
202209 2.935 120.648 3.143
202212 2.438 120.964 2.604
202303 2.484 122.702 2.615
202306 2.719 124.203 2.828
202309 2.869 125.230 2.960
202312 2.588 125.072 2.673
202403 2.590 126.258 2.650
202406 2.627 127.522 2.661
202409 1.678 127.285 1.703
202412 1.781 127.364 1.806
202503 1.962 129.181 1.962

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.


Meren Energy  (TSX:MER) 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.


Meren Energy Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Meren Energy's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Meren Energy Business Description

Industry
Address
666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Meren Energy Inc is an Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa, and Equatorial Guinea. The development assets of the company are in deepwater Nigeria operated by Majors. The Company holds a forward position in the Orange Basin, including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.
Executives
Stampede Natural Resources S.a.r.l. 10% Security Holder
Roger Morris Tucker Director, Senior Officer
Paul Martinez Senior Officer
Oliver Quinn Senior Officer
Craig Knight Senior Officer
Tjerk Bosje Director

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