MOL Hungarian Oil and Gas (WAR:MOL) Cyclically Adjusted PB Ratio: 0.96 (As of Jul. 23, 2026) — 41% Above Median

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WAR:MOL MOL Hungarian Oil and Gas PLC WAR:MOL
71 GF Score
Price zł52.20
GF Value zł29.67
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio?

MOL Hungarian Oil and Gas WAR:MOL +1.36% 71 Cyclically Adjusted PB Ratio is 0.96 as of Jul. 23, 2026, which is 41% above its 10-year median of 0.68. GuruFocus rates WAR:MOL with a GF Score™ of 71/100 and a GF Value™ of zł29.67 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 771 Oil & Gas companies, MOL Hungarian Oil and Gas ranks better than 62.26% on this metric.

As of today (2026-07-23), MOL Hungarian Oil and Gas's current share price is zł52.20. MOL Hungarian Oil and Gas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł54.55. MOL Hungarian Oil and Gas's Cyclically Adjusted PB Ratio for today is 0.96.

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

WAR:MOL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.68   Max: 1.08
Current: 0.86

During the past years, MOL Hungarian Oil and Gas's highest Cyclically Adjusted PB Ratio was 1.08. The lowest was 0.54. And the median was 0.68.

WAR:MOL's Cyclically Adjusted PB Ratio is ranked better than
62.26% of 771 companies
in the Oil & Gas industry
Industry Median: 1.21 vs WAR:MOL: 0.86

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.

MOL Hungarian Oil and Gas's adjusted book value per share data for the three months ended in Mar. 2026 was zł63.537. 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 zł54.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MOL Hungarian Oil and Gas  (WAR:MOL) 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.


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Related Terms


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MOL Hungarian Oil and 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.

MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio Chart

MOL Hungarian Oil and Gas 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 0.79 0.64 0.66 0.60 0.61

MOL Hungarian Oil and 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 0.62 0.63 0.57 0.61 0.81

WAR:MOL vs VLO, MPC, PSX: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, MOL Hungarian Oil and 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.


MOL Hungarian Oil and Gas Cyclically Adjusted PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where MOL Hungarian Oil and Gas's Cyclically Adjusted PB Ratio falls into.


WAR:MOL
71GF Score
MOL Hungarian Oil and Gas PLC WAR:MOL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MOL Hungarian Oil and 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.

MOL Hungarian Oil and Gas's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.20/54.55
=0.96

* 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.

MOL Hungarian Oil and Gas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, MOL Hungarian Oil and 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)
=63.537/174.6900*174.6900
=63.537

Current CPI (Mar. 2026) = 174.6900.

MOL Hungarian Oil and Gas Quarterly Data

Book Value per Share CPI Adj_Book
201606 26.789 100.814 46.420
201609 23.185 100.370 40.353
201612 23.489 101.406 40.464
201703 24.928 102.147 42.632
201706 25.948 102.724 44.127
201709 26.722 102.902 45.364
201712 28.106 103.627 47.380
201803 29.209 104.219 48.960
201806 34.795 105.922 57.385
201809 30.964 106.588 50.748
201812 31.965 106.440 52.461
201903 32.299 108.068 52.211
201906 32.623 109.475 52.057
201909 33.775 109.623 53.822
201912 33.592 110.659 53.030
202003 0.000 112.287 0.000
202006 34.446 112.583 53.448
202009 34.771 113.398 53.565
202012 42.374 113.694 65.108
202103 36.495 116.358 54.790
202106 45.278 118.579 66.703
202109 49.332 119.541 72.091
202112 52.864 122.058 75.659
202203 46.198 126.351 63.872
202206 49.383 132.420 65.146
202209 56.408 143.597 68.622
202212 54.134 152.036 62.200
202303 54.784 158.105 60.531
202306 52.727 158.993 57.933
202309 57.382 161.140 62.207
202312 58.683 160.400 63.911
202403 60.622 163.879 64.621
202406 66.269 164.841 70.229
202409 61.127 165.877 64.375
202412 63.218 167.802 65.813
202503 64.223 171.577 65.388
202506 61.938 172.391 62.764
202509 62.750 173.060 63.341
202512 62.615 173.280 63.125
202603 63.537 174.690 63.537

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 0.96 mean?
MOL Hungarian Oil and Gas (WAR:MOL) has a Cyclically Adjusted PB Ratio of 0.96 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 MOL Hungarian Oil and Gas and its competitors. This is 41% above median its historical median of 0.68. Over the past decade, MOL Hungarian Oil and Gas' Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.08. According to the industry distribution chart, MOL Hungarian Oil and Gas ranks #291 out of 771 companies in the Oil & Gas industry, placing it in the top 37.7%.
Is MOL Hungarian Oil and Gas' Cyclically Adjusted PB Ratio too high?
MOL Hungarian Oil and Gas' current Cyclically Adjusted PB Ratio of 0.96 is 41% above median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.08. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. MOL Hungarian Oil and Gas' value of 0.96 is 20.7% below this industry median. Based on the distribution chart, MOL Hungarian Oil and Gas ranks #291 out of 771 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, MOL Hungarian Oil and Gas has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MOL Hungarian Oil and Gas' Cyclically Adjusted PB Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, MOL Hungarian Oil and Gas ranks #291 out of 771 companies for Cyclically Adjusted PB Ratio. This puts MOL Hungarian Oil and Gas in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. MOL Hungarian Oil and Gas' value of 0.96 is 20.7% below this benchmark. Historically, MOL Hungarian Oil and Gas' own Cyclically Adjusted PB Ratio has ranged from 0.54 to 1.08 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 1.21, MOL Hungarian Oil and Gas 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. MOL Hungarian Oil and Gas's current Cyclically Adjusted PB Ratio of 0.96 is 20.7% 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 MOL Hungarian Oil and 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. MOL Hungarian Oil and Gas's current Cyclically Adjusted PB Ratio is 0.96, which is 41% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MOL Hungarian Oil and Gas stock overvalued right now?
Based on GuruFocus' analysis, MOL Hungarian Oil and Gas (WAR:MOL) is currently considered Significantly Overvalued. The stock's GF Value™ is zł29.67, compared to a current price of zł52.20 — trading 75.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.96, which is 41% above median its 10-year median of 0.68 and 20.7% below the Oil & Gas industry median of 1.21. MOL Hungarian Oil and Gas' overall GF Score™ is 71/100 with 10 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 MOL Hungarian Oil and Gas (WAR:MOL), the current Cyclically Adjusted PB Ratio is 0.96 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 MOL Hungarian Oil and Gas (WAR:MOL) Overvalued in 2026?

Based on GuruFocus' analysis, MOL Hungarian Oil and Gas stock appears to be overvalued. The current stock price of zł52.20 is trading 75.9% above its estimated GF Value™ of zł29.67. GuruFocus considers MOL Hungarian Oil and Gas to be Significantly Overvalued.

Key valuation signals for WAR:MOL:

  • Cyclically Adjusted PB Ratio: 0.96 (41% above median its 10-year median of 0.68)
  • GF Value™: zł29.67 vs. price of zł52.20 (75.9% above fair value)
  • GF Score™: 71/100 with 10 warning signs
  • Industry Position: 20.7% below the Oil & Gas median (#291 of 771)

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


MOL Hungarian Oil and Gas Business Description

Industry EnergyOil & Gas
Address Dombovari ut 28, Budapest, HUN, H-1117
MOL Hungarian Oil and Gas PLC is a multinational integrated oil and gas company. The group has various segments, including Upstream, Downstream, Consumer services, Gas midstream, Circular Economy and Corporate and others. The Downstream segment derives the majority of the revenue, which consists of different business activities that are part of an integrated value chain that turns crude oil into a range of refined products, which are moved and marketed for household, industrial, and transport use. Geographically, the firm derives key revenue from Hungary, Croatia, and Slovakia.
71GF Score

Get the complete analysis for WAR:MOL

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

zł52.20
Price
zł29.67
GF Value