Eco (Atlantic) Oil & Gas (TSXV:EOG) Cyclically Adjusted PB Ratio: 6.20 (As of Aug. 17, 2026) — 99% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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TSXV:EOG Eco (Atlantic) Oil & Gas Ltd TSXV:EOG
28 GF Score
Price C$0.93
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What is Eco (Atlantic) Oil & Gas Cyclically Adjusted PB Ratio?

Eco (Atlantic) Oil & Gas TSXV:EOG -3.12% 28 Cyclically Adjusted PB Ratio is 6.20 as of Aug. 17, 2026, which is 99% above its 10-year median of 3.11. GuruFocus rates TSXV:EOG with a GF Score™ of 28/100. Among 762 Oil & Gas companies, Eco (Atlantic) Oil & Gas ranks worse than 95.01% on this metric.

As of today (2026-08-17), Eco (Atlantic) Oil & Gas's current share price is C$0.93. Eco (Atlantic) Oil & Gas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.15. Eco (Atlantic) Oil & Gas's Cyclically Adjusted PB Ratio for today is 6.20.

The historical rank and industry rank for Eco (Atlantic) Oil & Gas's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSXV:EOG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 3.11   Max: 18.53
Current: 6.31

During the past years, Eco (Atlantic) Oil & Gas's highest Cyclically Adjusted PB Ratio was 18.53. The lowest was 1.04. And the median was 3.11.

TSXV:EOG's Cyclically Adjusted PB Ratio is ranked worse than
95.01% of 762 companies
in the Oil & Gas industry
Industry Median: 1.205 vs TSXV:EOG: 6.31

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.

Eco (Atlantic) Oil & Gas's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.071. 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$0.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eco (Atlantic) Oil & Gas  (TSXV:EOG) 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.


Eco (Atlantic) Oil & Gas Cyclically Adjusted PB Ratio Related Terms


Eco (Atlantic) Oil & Gas Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eco (Atlantic) Oil & Gas'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.

Eco (Atlantic) Oil & Gas Cyclically Adjusted PB Ratio Chart

Eco (Atlantic) Oil & Gas Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.85 2.49 1.00 1.12 6.65

Eco (Atlantic) Oil & Gas 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 1.12 1.22 1.06 3.51 6.65

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

For the Oil & Gas E&P subindustry, Eco (Atlantic) Oil & Gas'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.


Eco (Atlantic) Oil & Gas Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Eco (Atlantic) Oil & Gas's Cyclically Adjusted PB Ratio falls into.


TSXV:EOG
28GF Score
Eco (Atlantic) Oil & Gas Ltd TSXV:EOG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Eco (Atlantic) Oil & Gas 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.

Eco (Atlantic) Oil & Gas's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.93/0.15
=6.20

* 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.

Eco (Atlantic) Oil & Gas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Eco (Atlantic) Oil & Gas'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)
=0.071/132.2623*132.2623
=0.071

Current CPI (Mar. 2026) = 132.2623.

Eco (Atlantic) Oil & Gas Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.047 102.002 0.061
201609 0.033 101.765 0.043
201612 0.000 101.449 0.000
201703 0.068 102.634 0.088
201706 0.000 103.029 0.000
201709 0.043 103.345 0.055
201712 0.108 103.345 0.138
201803 0.102 105.004 0.128
201806 0.095 105.557 0.119
201809 0.082 105.636 0.103
201812 0.169 105.399 0.212
201903 0.153 106.979 0.189
201906 0.213 107.690 0.262
201909 0.162 107.611 0.199
201912 0.146 107.769 0.179
202003 0.148 107.927 0.181
202006 0.138 108.401 0.168
202009 0.129 108.164 0.158
202012 0.121 108.559 0.147
202103 0.109 110.298 0.131
202106 0.101 111.720 0.120
202109 0.106 112.905 0.124
202112 0.109 113.774 0.127
202203 0.251 117.646 0.282
202206 0.277 120.806 0.303
202209 0.239 120.648 0.262
202212 0.186 120.964 0.203
202303 0.189 122.702 0.204
202306 0.180 124.203 0.192
202309 0.180 125.230 0.190
202312 0.175 125.072 0.185
202403 0.110 126.258 0.115
202406 0.107 127.522 0.111
202409 0.100 127.285 0.104
202412 0.101 127.364 0.105
202503 0.093 129.181 0.095
202506 0.082 129.892 0.083
202509 0.077 130.287 0.078
202512 0.082 130.366 0.083
202603 0.071 132.262 0.071

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 6.20 mean?
Eco (Atlantic) Oil & Gas (TSXV:EOG) has a Cyclically Adjusted PB Ratio of 6.20 as of Aug. 17, 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 Eco (Atlantic) Oil & Gas and its competitors. This is 99% above median its historical median of 3.11. Over the past decade, Eco (Atlantic) Oil & Gas' Cyclically Adjusted PB Ratio has ranged from 1.04 to 18.53. According to the industry distribution chart, Eco (Atlantic) Oil & Gas ranks #724 out of 762 companies in the Oil & Gas industry, placing it in the top 95%.
Is Eco (Atlantic) Oil & Gas' Cyclically Adjusted PB Ratio too high?
Eco (Atlantic) Oil & Gas' current Cyclically Adjusted PB Ratio of 6.20 is 99% above median its 10-year median of 3.11. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 18.53. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. Eco (Atlantic) Oil & Gas' value of 6.20 is 414.5% above this industry median. Based on the distribution chart, Eco (Atlantic) Oil & Gas ranks #724 out of 762 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Eco (Atlantic) Oil & Gas has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Eco (Atlantic) Oil & Gas' Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Eco (Atlantic) Oil & Gas ranks #724 out of 762 companies for Cyclically Adjusted PB Ratio. This places Eco (Atlantic) Oil & Gas in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Eco (Atlantic) Oil & Gas' value of 6.20 is 414.5% above this benchmark. Historically, Eco (Atlantic) Oil & Gas' own Cyclically Adjusted PB Ratio has ranged from 1.04 to 18.53 over the past decade. While the company's 10-year median is 3.11 vs. the industry median of 1.21, Eco (Atlantic) Oil & Gas 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 762 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. Eco (Atlantic) Oil & Gas's current Cyclically Adjusted PB Ratio of 6.20 is 414.5% 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 Eco (Atlantic) Oil & Gas 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. Eco (Atlantic) Oil & Gas's current Cyclically Adjusted PB Ratio is 6.20, which is 99% above median its own 10-year median of 3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco (Atlantic) Oil & Gas stock overvalued right now?
Eco (Atlantic) Oil & Gas (TSXV:EOG) has a current Cyclically Adjusted PB Ratio of 6.20. The current Cyclically Adjusted PB Ratio is 6.20, which is 99% above median its 10-year median of 3.11 and 414.5% above the Oil & Gas industry median of 1.21. Eco (Atlantic) Oil & Gas' overall GF Score™ is 28/100. 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 Eco (Atlantic) Oil & Gas (TSXV:EOG), the current Cyclically Adjusted PB Ratio is 6.20 as of Aug. 17, 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.

Eco (Atlantic) Oil & Gas Business Description

Industry EnergyOil & Gas
Other Exchanges ECAOF:USAECO:UKEOI:Germany
Address 181 Bay Street, Suite 320, Toronto, ON, CAN, M5J 2T3
Eco (Atlantic) Oil & Gas Ltd is an oil and gas exploration and development company. The company focused on the identification, acquisition, and development of petroleum opportunities around the world. Its project includes Orinduik Block; Cooper Block (PEL 030); Sharon Block (PEL 033); Guy Block (PEL 034) and Tamar Block (PEL 050) in Guyana and Namibia.
28GF Score

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

C$0.93
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