VET (Vermilion Energy) Cyclically Adjusted PB Ratio: 0.90 (As of Jul. 23, 2026) — 17% Below Median

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VET Vermilion Energy Inc VET
51 GF Score
Price $11.24
GF Value $9.92
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Vermilion Energy Cyclically Adjusted PB Ratio?

Vermilion Energy VET +1.90% 51 Cyclically Adjusted PB Ratio is 0.90 as of Jul. 23, 2026, which is 17% below its 10-year median of 1.08. GuruFocus rates VET with a GF Score™ of 51/100 and a GF Value™ of $9.92 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 771 Oil & Gas companies, Vermilion Energy ranks better than 63.29% on this metric.

As of today (2026-07-23), Vermilion Energy's current share price is $11.24. Vermilion Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $12.55. Vermilion Energy's Cyclically Adjusted PB Ratio for today is 0.90.

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

VET' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 1.08   Max: 4.01
Current: 0.89

During the past years, Vermilion Energy's highest Cyclically Adjusted PB Ratio was 4.01. The lowest was 0.19. And the median was 1.08.

VET's Cyclically Adjusted PB Ratio is ranked better than
63.29% of 771 companies
in the Oil & Gas industry
Industry Median: 1.21 vs VET: 0.89

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.

Vermilion Energy's adjusted book value per share data for the three months ended in Mar. 2026 was $9.766. 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 $12.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vermilion Energy  (NYSE:VET) 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.


Vermilion Energy Cyclically Adjusted PB Ratio Related Terms


Vermilion Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vermilion 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.

Vermilion Energy Cyclically Adjusted PB Ratio Chart

Vermilion 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 0.99 1.41 0.90 0.77 0.66

Vermilion 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 0.66 0.56 0.62 0.66 1.10

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

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


Vermilion Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

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


VET
51GF Score
Vermilion Energy Inc VET
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vermilion 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.24/12.55
=0.90

* 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.

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

For example, Vermilion 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)
=9.766/132.2623*132.2623
=9.766

Current CPI (Mar. 2026) = 132.2623.

Vermilion Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.904 102.002 14.139
201609 10.716 101.765 13.927
201612 10.006 101.449 13.045
201703 10.114 102.634 13.034
201706 10.247 103.029 13.155
201709 10.460 103.345 13.387
201712 9.894 103.345 12.663
201803 9.871 105.004 12.433
201806 13.254 105.557 16.607
201809 12.707 105.636 15.910
201812 13.731 105.399 17.231
201903 13.362 106.979 16.520
201906 12.820 107.690 15.745
201909 12.307 107.611 15.126
201912 11.920 107.769 14.629
202003 5.257 107.927 6.442
202006 4.804 108.401 5.861
202009 4.675 108.164 5.717
202012 4.552 108.559 5.546
202103 7.043 110.298 8.446
202106 9.411 111.720 11.141
202109 8.455 112.905 9.905
202112 9.948 113.774 11.565
202203 11.299 117.646 12.703
202206 12.675 120.806 13.877
202209 13.301 120.648 14.581
202212 15.338 120.964 16.771
202303 17.024 122.702 18.350
202306 17.514 124.203 18.650
202309 17.396 125.230 18.373
202312 13.926 125.072 14.727
202403 13.782 126.258 14.437
202406 13.058 127.522 13.543
202409 13.679 127.285 14.214
202412 12.783 127.364 13.275
202503 13.018 129.181 13.329
202506 12.796 129.892 13.030
202509 12.759 130.287 12.952
202512 10.530 130.366 10.683
202603 9.766 132.262 9.766

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 0.90 mean?
Vermilion Energy (VET) has a Cyclically Adjusted PB Ratio of 0.90 as of Jul. 23, 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 Vermilion Energy and its competitors. This is 17% below median its historical median of 1.08. Over the past decade, Vermilion Energy's Cyclically Adjusted PB Ratio has ranged from 0.19 to 4.01. According to the industry distribution chart, Vermilion Energy ranks #283 out of 771 companies in the Oil & Gas industry, placing it in the top 36.7%.
Is Vermilion Energy's Cyclically Adjusted PB Ratio too high?
Vermilion Energy's current Cyclically Adjusted PB Ratio of 0.90 is 17% below median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 4.01. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. Vermilion Energy's value of 0.90 is 25.6% below this industry median. Based on the distribution chart, Vermilion Energy ranks #283 out of 771 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Vermilion Energy has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vermilion Energy's Cyclically Adjusted PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Vermilion Energy ranks #283 out of 771 companies for Cyclically Adjusted PB Ratio. This puts Vermilion Energy in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Vermilion Energy's value of 0.90 is 25.6% below this benchmark. Historically, Vermilion Energy's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 4.01 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.21, Vermilion Energy 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 1.21, based on 771 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. Vermilion Energy's current Cyclically Adjusted PB Ratio of 0.90 is 25.6% 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 Vermilion 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. Vermilion Energy's current Cyclically Adjusted PB Ratio is 0.90, which is 17% below median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vermilion Energy stock overvalued right now?
Based on GuruFocus' analysis, Vermilion Energy (VET) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.92, compared to a current price of $11.24 — trading 13.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.90, which is 17% below median its 10-year median of 1.08 and 25.6% below the Oil & Gas industry median of 1.21. Vermilion Energy's overall GF Score™ is 51/100 with 6 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 Vermilion Energy (VET), the current Cyclically Adjusted PB Ratio is 0.90 as of Jul. 23, 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 Vermilion Energy (VET) Overvalued in 2026?

Based on GuruFocus' analysis, Vermilion Energy stock appears to be overvalued. The current stock price of $11.24 is trading 13.3% above its estimated GF Value™ of $9.92. GuruFocus considers Vermilion Energy to be Modestly Overvalued.

Key valuation signals for VET:

  • Cyclically Adjusted PB Ratio: 0.90 (17% below median its 10-year median of 1.08)
  • GF Value™: $9.92 vs. price of $11.24 (13.3% above fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 25.6% below the Oil & Gas median (#283 of 771)

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


Vermilion Energy Business Description

Industry EnergyOil & Gas
Other Exchanges CVZ:GermanyVET:Canada
Address 3500, 520 - 3rd Avenue S.W, Calgary, AB, CAN, T2P 0R3
Vermilion Energy Inc is an international oil and gas-producing company. The company engages in full-cycle exploration and production programs that focus on the acquisition, exploration, and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Its operating segments are: Canada, France, Netherlands, Germany, Ireland, Australia, and CEE, each representing the oil and gas exploration operations at its assets located in these regions. The company mainly derives revenue from the production and sale of petroleum and natural gas. The majority of its revenue is generated from Canada, where the company's operations are mainly focused on the Deep Basin trend in the West Pembina region of Alberta and on the Mica property.
51GF Score

Get the complete analysis for VET

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

$11.24
Price
$9.92
GF Value