EOG (EOG Resources) Cyclically Adjusted PS Ratio: (As of Aug. 07, 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.

EOG EOG Resources Inc EOG
79 GF Score
Price $134.74
GF Value $143.89
Valuation Fairly Valued
! 3 Warning Signs
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What is EOG Resources Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


EOG Resources  (NYSE:EOG) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


EOG Resources Cyclically Adjusted PS Ratio Related Terms


EOG Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for EOG Resources's Cyclically Adjusted PS 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.

EOG Resources Cyclically Adjusted PS Ratio Chart

EOG Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.35 4.22 3.75 3.69 2.91

EOG Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 3.43 3.15 2.91 3.83 3.30

EOG vs FANG, OXY, DVN: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, EOG Resources's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


EOG Resources Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

* The bar in red indicates where EOG Resources's Cyclically Adjusted PS Ratio falls into.


EOG
79GF Score
EOG Resources Inc EOG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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EOG Resources Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

EOG Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, EOG Resources's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.057/333.9520*333.9520
=16.057

Current CPI (Jun. 2026) = 333.9520.

EOG Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.629 241.428 5.020
201612 4.083 241.432 5.648
201703 4.391 243.801 6.015
201706 4.486 244.955 6.116
201709 4.555 246.819 6.163
201712 5.927 246.524 8.029
201803 6.424 249.554 8.597
201806 7.583 251.989 10.049
201809 8.050 252.439 10.649
201812 7.528 251.233 10.007
201903 6.962 254.202 9.146
201906 7.732 256.143 10.081
201909 7.205 256.759 9.371
201912 7.284 256.974 9.466
202003 5.991 258.115 7.751
202006 2.092 257.797 2.710
202009 3.978 260.280 5.104
202012 4.983 260.474 6.389
202103 6.926 264.877 8.732
202106 7.692 271.696 9.455
202109 8.957 274.310 10.904
202112 10.116 278.802 12.117
202203 11.527 287.504 13.389
202206 14.702 296.311 16.570
202209 12.944 296.808 14.564
202212 11.063 296.797 12.448
202303 9.504 301.836 10.515
202306 9.349 305.109 10.233
202309 10.485 307.789 11.376
202312 10.325 306.746 11.241
202403 10.111 312.332 10.811
202406 10.540 314.175 11.203
202409 10.326 315.301 10.937
202412 10.144 315.605 10.734
202503 10.564 319.799 11.032
202506 9.808 322.561 10.154
202509 10.537 324.800 10.834
202512 10.469 324.054 10.789
202603 12.632 330.213 12.775
202606 16.057 333.952 16.057

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 EOG Resources (EOG) Overvalued in 2026?

Based on GuruFocus' analysis, EOG Resources stock appears to be undervalued. The current stock price of $134.74 is trading 6.4% below its estimated GF Value™ of $143.89. GuruFocus considers EOG Resources to be Fairly Valued.

Key valuation signals for EOG:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $143.89 vs. price of $134.74 (6.4% below fair value)
  • GF Score™: 79/100 with 3 warning signs

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


EOG Resources Business Description

Industry EnergyOil & Gas
Address 1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002
EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2024, it reported net proven reserves of 4.7 billion barrels of oil equivalent. Net production averaged roughly 1,232 thousand barrels of oil equivalent per day in 2025 at a ratio of 69% oil and natural gas liquids and 31% natural gas.
79GF Score

Get the complete analysis for EOG

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

$134.74
Price
$143.89
GF Value