Pulse Oil (TSXV:PUL) Cyclically Adjusted PB Ratio: 0.25 (As of Aug. 12, 2026) — 40% Below Median

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What is Pulse Oil Cyclically Adjusted PB Ratio?

Pulse Oil TSXV:PUL +50.00% Cyclically Adjusted PB Ratio is 0.25 as of Aug. 12, 2026, which is 40% below its 10-year median of 0.42. The stock has 5 warning signs investors should review. Among 765 Oil & Gas companies, Pulse Oil ranks better than 87.06% on this metric.

As of today (2026-08-12), Pulse Oil's current share price is C$0.015. Pulse Oil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was C$0.06. Pulse Oil's Cyclically Adjusted PB Ratio for today is 0.25.

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

TSXV:PUL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.42   Max: 1.6
Current: 0.24

During the past years, Pulse Oil's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 0.17. And the median was 0.42.

TSXV:PUL's Cyclically Adjusted PB Ratio is ranked better than
87.06% of 765 companies
in the Oil & Gas industry
Industry Median: 1.18 vs TSXV:PUL: 0.24

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.

Pulse Oil's adjusted book value per share data for the three months ended in Dec. 2025 was C$0.036. 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$0.06 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pulse Oil  (TSXV:PUL) 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.


Pulse Oil Cyclically Adjusted PB Ratio Related Terms


Pulse Oil Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pulse 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.

Pulse Oil Cyclically Adjusted PB Ratio Chart

Pulse 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 0.00 1.36 0.60 0.25 0.16

Pulse Oil Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.25 0.25 0.32 0.32 0.16

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

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


Pulse Oil Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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



Pulse 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.

Pulse Oil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.015/0.06
=0.25

* 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.

Pulse Oil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Pulse Oil's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.036/130.3661*130.3661
=0.036

Current CPI (Dec. 2025) = 130.3661.

Pulse Oil Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.022 101.054 0.028
201606 0.020 102.002 0.026
201609 0.019 101.765 0.024
201612 0.249 101.449 0.320
201703 0.025 102.634 0.032
201706 0.047 103.029 0.059
201709 0.046 103.345 0.058
201712 0.052 103.345 0.066
201803 0.050 105.004 0.062
201806 0.050 105.557 0.062
201809 0.052 105.636 0.064
201812 0.073 105.399 0.090
201903 0.077 106.979 0.094
201906 0.078 107.690 0.094
201909 0.077 107.611 0.093
201912 0.061 107.769 0.074
202003 0.059 107.927 0.071
202006 0.058 108.401 0.070
202009 0.057 108.164 0.069
202012 0.048 108.559 0.058
202103 0.049 110.298 0.058
202106 0.044 111.720 0.051
202109 0.044 112.905 0.051
202112 0.046 113.774 0.053
202203 0.049 117.646 0.054
202206 0.050 120.806 0.054
202209 0.051 120.648 0.055
202212 0.051 120.964 0.055
202303 0.051 122.702 0.054
202306 0.051 124.203 0.054
202309 0.051 125.230 0.053
202312 0.047 125.072 0.049
202403 0.046 126.258 0.047
202406 0.047 127.522 0.048
202409 0.047 127.285 0.048
202412 0.039 127.364 0.040
202503 0.039 129.181 0.039
202506 0.039 129.892 0.039
202509 0.039 130.287 0.039
202512 0.036 130.366 0.036

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 0.25 mean?
Pulse Oil (TSXV:PUL) has a Cyclically Adjusted PB Ratio of 0.25 as of Aug. 12, 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 Pulse Oil and its competitors. This is 40% below median its historical median of 0.42. Over the past decade, Pulse Oil's Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.60. According to the industry distribution chart, Pulse Oil ranks #99 out of 765 companies in the Oil & Gas industry, placing it in the top 12.9%.
Is Pulse Oil's Cyclically Adjusted PB Ratio too high?
Pulse Oil's current Cyclically Adjusted PB Ratio of 0.25 is 40% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.60. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.18. Pulse Oil's value of 0.25 is 78.8% below this industry median. Based on the distribution chart, Pulse Oil ranks #99 out of 765 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Pulse Oil's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Pulse Oil ranks #99 out of 765 companies for Cyclically Adjusted PB Ratio. This places Pulse Oil in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.18. Pulse Oil's value of 0.25 is 78.8% below this benchmark. Historically, Pulse Oil's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.60 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 1.18, Pulse Oil has consistently been below 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 1.18, based on 765 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. Pulse Oil's current Cyclically Adjusted PB Ratio of 0.25 is 78.8% below 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 Pulse Oil and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pulse Oil's current Cyclically Adjusted PB Ratio is 0.25, which is 40% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulse Oil stock overvalued right now?
Based on GuruFocus' analysis, Pulse Oil (TSXV:PUL) is currently considered Modestly Undervalued. The stock's GF Value™ is C$0.02, compared to a current price of C$0.02 — trading 25% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.25, which is 40% below median its 10-year median of 0.42 and 78.8% below the Oil & Gas industry median of 1.18. 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 Pulse Oil (TSXV:PUL), the current Cyclically Adjusted PB Ratio is 0.25 as of Aug. 12, 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.

Pulse Oil Business Description

Industry EnergyOil & Gas
Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
Pulse Oil Corp is a Canadian oil and gas company engaged in oil and gas exploration and production in Canada. It has two primary reporting segments located in the Bigoray area of Alberta and the Queenstown area of southern Alberta. The company holds various acres of land in the Bigoray area of Alberta and the Queenstown area of southern Alberta, managing its oil and gas assets, including proved, probable, producing, and non-producing reserves. It focuses on enhanced oil recovery (EOR) in its Nisku D and E Pools, aiming to improve production efficiency through miscible flood schemes. The company produces all of its crude oil and natural gas through conventional methods of production. All production is transported via pipeline or trucking to nearby purchasers of all products.