Gibson Energy (TSX:GEI) Cyclically Adjusted PB Ratio: 4.84 (As of Aug. 08, 2026) — 77% Above Median

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TSX:GEI Gibson Energy Inc TSX:GEI
71 GF Score
Price C$31.12
GF Value C$23.76
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Gibson Energy Cyclically Adjusted PB Ratio?

Gibson Energy TSX:GEI -0.77% 71 Cyclically Adjusted PB Ratio is 4.84 as of Aug. 08, 2026, which is 77% above its 10-year median of 2.74. GuruFocus rates TSX:GEI with a GF Score™ of 71/100 and a GF Value™ of C$23.76 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 767 Oil & Gas companies, Gibson Energy ranks worse than 91.66% on this metric.

As of today (2026-08-08), Gibson Energy's current share price is C$31.12. Gibson Energy's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$6.43. Gibson Energy's Cyclically Adjusted PB Ratio for today is 4.84.

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

TSX:GEI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.74   Med: 2.74   Max: 4.99
Current: 4.88

During the past years, Gibson Energy's highest Cyclically Adjusted PB Ratio was 4.99. The lowest was 1.74. And the median was 2.74.

TSX:GEI's Cyclically Adjusted PB Ratio is ranked worse than
91.66% of 767 companies
in the Oil & Gas industry
Industry Median: 1.2 vs TSX:GEI: 4.88

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.

Gibson Energy's adjusted book value per share data for the three months ended in Jun. 2026 was C$5.945. 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$6.43 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gibson Energy  (TSX:GEI) 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.


Gibson Energy Cyclically Adjusted PB Ratio Related Terms


Gibson Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gibson 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.

Gibson Energy Cyclically Adjusted PB Ratio Chart

Gibson Energy 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 2.54 2.74 2.52 3.38 3.84

Gibson Energy 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 3.45 3.85 3.84 4.57 4.47

TSX:GEI vs WMB, EPD, KMI: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Midstream subindustry, Gibson 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.


Gibson Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


TSX:GEI
71GF Score
Gibson Energy Inc TSX:GEI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gibson 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.12/6.43
=4.84

* 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.

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

For example, Gibson Energy'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)
=5.945/133.5265*133.5265
=5.945

Current CPI (Jun. 2026) = 133.5265.

Gibson Energy Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.938 101.765 10.416
201612 7.458 101.449 9.816
201703 8.098 102.634 10.536
201706 7.702 103.029 9.982
201709 7.240 103.345 9.354
201712 6.359 103.345 8.216
201803 6.038 105.004 7.678
201806 5.741 105.557 7.262
201809 5.437 105.636 6.873
201812 5.245 105.399 6.645
201903 5.343 106.979 6.669
201906 5.269 107.690 6.533
201909 5.309 107.611 6.588
201912 5.221 107.769 6.469
202003 5.342 107.927 6.609
202006 5.274 108.401 6.496
202009 5.058 108.164 6.244
202012 4.669 108.559 5.743
202103 4.550 110.298 5.508
202106 4.425 111.720 5.289
202109 4.401 112.905 5.205
202112 4.393 113.774 5.156
202203 4.337 117.646 4.922
202206 4.122 120.806 4.556
202209 4.260 120.648 4.715
202212 4.008 120.964 4.424
202303 4.089 122.702 4.450
202306 3.926 124.203 4.221
202309 5.930 125.230 6.323
202312 5.644 125.072 6.025
202403 5.769 126.258 6.101
202406 5.894 127.522 6.172
202409 5.692 127.285 5.971
202412 5.961 127.364 6.249
202503 5.814 129.181 6.010
202506 5.219 129.892 5.365
202509 5.301 130.287 5.433
202512 5.011 130.366 5.132
202603 5.697 132.262 5.751
202606 5.945 133.527 5.945

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 4.84 mean?
Gibson Energy (TSX:GEI) has a Cyclically Adjusted PB Ratio of 4.84 as of Aug. 08, 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 Gibson Energy and its competitors. This is 77% above median its historical median of 2.74. Over the past decade, Gibson Energy's Cyclically Adjusted PB Ratio has ranged from 1.74 to 4.99. According to the industry distribution chart, Gibson Energy ranks #703 out of 767 companies in the Oil & Gas industry, placing it in the top 91.7%.
Is Gibson Energy's Cyclically Adjusted PB Ratio too high?
Gibson Energy's current Cyclically Adjusted PB Ratio of 4.84 is 77% above median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 4.99. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Gibson Energy's value of 4.84 is 303.3% above this industry median. Based on the distribution chart, Gibson Energy ranks #703 out of 767 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Gibson Energy has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gibson Energy's Cyclically Adjusted PB Ratio compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Gibson Energy ranks #703 out of 767 companies for Cyclically Adjusted PB Ratio. This places Gibson Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Gibson Energy's value of 4.84 is 303.3% above this benchmark. Historically, Gibson Energy's own Cyclically Adjusted PB Ratio has ranged from 1.74 to 4.99 over the past decade. While the company's 10-year median is 2.74 vs. the industry median of 1.20, Gibson Energy 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 1.20, based on 767 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. Gibson Energy's current Cyclically Adjusted PB Ratio of 4.84 is 303.3% 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 Gibson Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gibson Energy's current Cyclically Adjusted PB Ratio is 4.84, which is 77% above median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gibson Energy stock overvalued right now?
Based on GuruFocus' analysis, Gibson Energy (TSX:GEI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$23.76, compared to a current price of C$31.12 — trading 31% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.84, which is 77% above median its 10-year median of 2.74 and 303.3% above the Oil & Gas industry median of 1.20. Gibson Energy's overall GF Score™ is 71/100 with 9 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 Gibson Energy (TSX:GEI), the current Cyclically Adjusted PB Ratio is 4.84 as of Aug. 08, 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 Gibson Energy (TSX:GEI) Overvalued in 2026?

Based on GuruFocus' analysis, Gibson Energy stock appears to be overvalued. The current stock price of C$31.12 is trading 31% above its estimated GF Value™ of C$23.76. GuruFocus considers Gibson Energy to be Significantly Overvalued.

Key valuation signals for TSX:GEI:

  • Cyclically Adjusted PB Ratio: 4.84 (77% above median its 10-year median of 2.74)
  • GF Value™: C$23.76 vs. price of C$31.12 (31% above fair value)
  • GF Score™: 71/100 with 9 warning signs
  • Industry Position: 303.3% above the Oil & Gas median (#703 of 767)

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


Gibson Energy Business Description

Industry EnergyOil & Gas
Other Exchanges GBNXF:USA8GB:Germany
Address 440 - 2nd Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 5E9
Gibson Energy Inc is an oil infrastructure company engaged in the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. The company's reportable segments are: Infrastructure and Marketing. The majority of its revenue is generated from the Marketing segment, which is involved in the purchasing, selling, storing, and optimizing of hydrocarbon products (such as crude oil, natural gas liquids, road asphalt, etc.) and marketing its refined products. The Marketing segment sources the majority of its hydrocarbon products from Western Canada as well as the Permian Basin and markets those products throughout Canada and the United States. Geographically, the company generates maximum revenue from Canada.
71GF Score

Get the complete analysis for TSX:GEI

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

C$31.12
Price
C$23.76
GF Value