Pine Cliff Energy (TSX:PNE) Cyclically Adjusted PB Ratio: 2.04 (As of Jul. 28, 2026) — Near Median

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TSX:PNE Pine Cliff Energy Ltd TSX:PNE
28 GF Score
Price C$0.55
GF Value C$0.76
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Pine Cliff Energy Cyclically Adjusted PB Ratio?

Pine Cliff Energy TSX:PNE -1.79% 28 Cyclically Adjusted PB Ratio is 2.04 as of Jul. 28, 2026, which is 5% above its 10-year median of 1.95. GuruFocus rates TSX:PNE with a GF Score™ of 28/100 and a GF Value™ of C$0.76 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 766 Oil & Gas companies, Pine Cliff Energy ranks worse than 70.63% on this metric.

As of today (2026-07-28), Pine Cliff Energy's current share price is C$0.55. Pine Cliff Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.27. Pine Cliff Energy's Cyclically Adjusted PB Ratio for today is 2.04.

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

TSX:PNE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 1.95   Max: 4.43
Current: 2.1

During the past years, Pine Cliff Energy's highest Cyclically Adjusted PB Ratio was 4.43. The lowest was 0.15. And the median was 1.95.

TSX:PNE's Cyclically Adjusted PB Ratio is ranked worse than
70.63% of 766 companies
in the Oil & Gas industry
Industry Median: 1.21 vs TSX:PNE: 2.10

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.

Pine Cliff Energy's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.092. 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$0.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pine Cliff Energy  (TSX:PNE) 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.


Pine Cliff Energy Cyclically Adjusted PB Ratio Related Terms


Pine Cliff Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pine Cliff 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.

Pine Cliff Energy Cyclically Adjusted PB Ratio Chart

Pine Cliff 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 1.60 3.69 3.13 2.51 2.85

Pine Cliff Energy 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 1.99 1.93 2.06 2.85 2.55

TSX:PNE vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, Pine Cliff 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.


Pine Cliff Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


TSX:PNE
28GF Score
Pine Cliff Energy Ltd TSX:PNE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pine Cliff 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.55/0.27
=2.04

* 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.

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

For example, Pine Cliff Energy'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)
=0.092/132.2623*132.2623
=0.092

Current CPI (Mar. 2026) = 132.2623.

Pine Cliff Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.655 102.002 0.849
201609 0.622 101.765 0.808
201612 0.637 101.449 0.830
201703 0.627 102.634 0.808
201706 0.619 103.029 0.795
201709 0.524 103.345 0.671
201712 0.420 103.345 0.538
201803 0.378 105.004 0.476
201806 0.322 105.557 0.403
201809 0.290 105.636 0.363
201812 0.199 105.399 0.250
201903 0.178 106.979 0.220
201906 0.109 107.690 0.134
201909 0.055 107.611 0.068
201912 0.032 107.769 0.039
202003 -0.028 107.927 -0.034
202006 -0.071 108.401 -0.087
202009 -0.100 108.164 -0.122
202012 -0.111 108.559 -0.135
202103 -0.113 110.298 -0.136
202106 -0.114 111.720 -0.135
202109 -0.105 112.905 -0.123
202112 0.134 113.774 0.156
202203 0.179 117.646 0.201
202206 0.314 120.806 0.344
202209 0.340 120.648 0.373
202212 0.381 120.964 0.417
202303 0.365 122.702 0.393
202306 0.328 124.203 0.349
202309 0.309 125.230 0.326
202312 0.280 125.072 0.296
202403 0.238 126.258 0.249
202406 0.212 127.522 0.220
202409 0.180 127.285 0.187
202412 0.152 127.364 0.158
202503 0.131 129.181 0.134
202506 0.110 129.892 0.112
202509 0.091 130.287 0.092
202512 0.099 130.366 0.100
202603 0.092 132.262 0.092

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 2.04 mean?
Pine Cliff Energy (TSX:PNE) has a Cyclically Adjusted PB Ratio of 2.04 as of Jul. 28, 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 Pine Cliff Energy and its competitors. This is near median its historical median of 1.95. Over the past decade, Pine Cliff Energy's Cyclically Adjusted PB Ratio has ranged from 0.15 to 4.43. According to the industry distribution chart, Pine Cliff Energy ranks #541 out of 766 companies in the Oil & Gas industry, placing it in the top 70.6%.
Is Pine Cliff Energy's Cyclically Adjusted PB Ratio too high?
Pine Cliff Energy's current Cyclically Adjusted PB Ratio of 2.04 is near median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 4.43. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. Pine Cliff Energy's value of 2.04 is 68.6% above this industry median. Based on the distribution chart, Pine Cliff Energy ranks #541 out of 766 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Pine Cliff Energy has a GF Score™ of 28/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pine Cliff Energy's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Pine Cliff Energy ranks #541 out of 766 companies for Cyclically Adjusted PB Ratio. This places Pine Cliff Energy in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Pine Cliff Energy's value of 2.04 is 68.6% above this benchmark. Historically, Pine Cliff Energy's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 4.43 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 1.21, Pine Cliff 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 1.21, based on 766 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. Pine Cliff Energy's current Cyclically Adjusted PB Ratio of 2.04 is 68.6% 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 Pine Cliff Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pine Cliff Energy's current Cyclically Adjusted PB Ratio is 2.04, which is near median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pine Cliff Energy stock overvalued right now?
Based on GuruFocus' analysis, Pine Cliff Energy (TSX:PNE) is currently considered Modestly Undervalued. The stock's GF Value™ is C$0.76, compared to a current price of C$0.55 — trading 27.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.04, which is near median its 10-year median of 1.95 and 68.6% above the Oil & Gas industry median of 1.21. Pine Cliff Energy's overall GF Score™ is 28/100 with 4 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 Pine Cliff Energy (TSX:PNE), the current Cyclically Adjusted PB Ratio is 2.04 as of Jul. 28, 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 Pine Cliff Energy (TSX:PNE) Overvalued in 2026?

Based on GuruFocus' analysis, Pine Cliff Energy stock appears to be undervalued. The current stock price of C$0.55 is trading 27.6% below its estimated GF Value™ of C$0.76. GuruFocus considers Pine Cliff Energy to be Modestly Undervalued.

Key valuation signals for TSX:PNE:

  • Cyclically Adjusted PB Ratio: 2.04 (near median its 10-year median of 1.95)
  • GF Value™: C$0.76 vs. price of C$0.55 (27.6% below fair value)
  • GF Score™: 28/100 with 4 warning signs
  • Industry Position: 68.6% above the Oil & Gas median (#541 of 766)

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


Pine Cliff Energy Business Description

Industry EnergyOil & Gas
Other Exchanges PIFYF:USAIPC:Germany
Address 1015 - 4th Street South West, Suite 850, Calgary, AB, CAN, T2R 1J4
Pine Cliff Energy Ltd. is engaged in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin and conducts many of its activities jointly with others. The company has various operations and assets, such as Central Assets, Edson Assets, Southern Assets, and others.
28GF Score

Get the complete analysis for TSX:PNE

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

C$0.55
Price
C$0.76
GF Value