WTI (W&T Offshore) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WTI W&T Offshore Inc WTI
54 GF Score
Price $3.86
GF Value $2.28
Valuation Significantly Overvalued
! 5 Warning Signs
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What is W&T Offshore Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


W&T Offshore  (NYSE:WTI) 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.


W&T Offshore Cyclically Adjusted PB Ratio Related Terms


W&T Offshore Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for W&T Offshore'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.

W&T Offshore Cyclically Adjusted PB Ratio Chart

W&T Offshore 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 36.72 0.00 0.00 0.00 0.00

W&T Offshore Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

WTI vs ZNOG, SD, EGY: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, W&T Offshore'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.


W&T Offshore Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, W&T Offshore's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where W&T Offshore's Cyclically Adjusted PB Ratio falls into.


WTI
54GF Score
W&T Offshore Inc WTI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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W&T Offshore 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.

W&T Offshore's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, W&T Offshore's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-1.3/333.9520*333.9520
=-1.300

Current CPI (Jun. 2026) = 333.9520.

W&T Offshore Quarterly Data

Book Value per Share CPI Adj_Book
201609 -4.946 241.428 -6.841
201612 -4.787 241.432 -6.621
201703 -4.596 243.801 -6.295
201706 -4.339 244.955 -5.915
201709 -4.334 246.819 -5.864
201712 -4.123 246.524 -5.585
201803 -3.916 249.554 -5.240
201806 -3.646 251.989 -4.832
201809 -3.304 252.439 -4.371
201812 -2.309 251.233 -3.069
201903 -2.649 254.202 -3.480
201906 -2.381 256.143 -3.104
201909 -1.833 256.759 -2.384
201912 -1.760 256.974 -2.287
202003 -1.287 258.115 -1.665
202006 -1.322 257.797 -1.713
202009 -1.407 260.280 -1.805
202012 -1.464 260.474 -1.877
202103 -1.466 264.877 -1.848
202106 -1.825 271.696 -2.243
202109 -2.085 274.310 -2.538
202112 -1.730 278.802 -2.072
202203 -1.744 287.504 -2.026
202206 -0.869 296.311 -0.979
202209 -0.384 296.808 -0.432
202212 0.052 296.797 0.059
202303 0.238 301.836 0.263
202306 0.169 305.109 0.185
202309 0.205 307.789 0.222
202312 0.213 306.746 0.232
202403 0.141 312.332 0.151
202406 0.034 314.175 0.036
202409 -0.214 315.301 -0.227
202412 -0.357 315.605 -0.378
202503 -0.561 319.799 -0.586
202506 -0.693 322.561 -0.717
202509 -1.159 324.800 -1.192
202512 -1.343 324.054 -1.384
202603 -1.491 330.213 -1.508
202606 -1.300 333.952 -1.300

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.

Is W&T Offshore (WTI) Overvalued in 2026?

Based on GuruFocus' analysis, W&T Offshore stock appears to be overvalued. The current stock price of $3.86 is trading 69.3% above its estimated GF Value™ of $2.28. GuruFocus considers W&T Offshore to be Significantly Overvalued.

Key valuation signals for WTI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2.28 vs. price of $3.86 (69.3% above fair value)
  • GF Score™: 54/100 with 5 warning signs

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


W&T Offshore Business Description

Industry EnergyOil & Gas
Other Exchanges UWV:Germany
Address 5718 Westheimer Road, Suite 700, Houston, TX, USA, 77057-5745
W&T Offshore Inc is an an independent oil, NGL and natural gas producer with all of its operations offshore in the Gulf of America. The company is active in the exploration, development and acquisition of oil and natural gas properties. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of company's revenue, with natural gas accounting for a much smaller portion. The company has its operations in Mississippi Canyon; Ewing Bank; Ship Shoal; Garden Banks; and Mobile Bay Complex.
54GF Score

Get the complete analysis for WTI

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

$3.86
Price
$2.28
GF Value