Par Pacific Holdings (STU:61P) Cyclically Adjusted PS Ratio: 0.74 (As of Jul. 30, 2026) — 208% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

STU:61P Par Pacific Holdings Inc STU:61P
67 GF Score
Price €72.56
GF Value €31.37
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Par Pacific Holdings Cyclically Adjusted PS Ratio?

Par Pacific Holdings STU:61P +3.98% 67 Cyclically Adjusted PS Ratio is 0.74 as of Jul. 30, 2026, which is 208% above its 10-year median of 0.24. GuruFocus rates STU:61P with a GF Score™ of 67/100 and a GF Value™ of €31.37 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 707 Oil & Gas companies, Par Pacific Holdings ranks better than 60.4% on this metric.

As of today (2026-07-30), Par Pacific Holdings's current share price is €72.56. Par Pacific Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €97.75. Par Pacific Holdings's Cyclically Adjusted PS Ratio for today is 0.74.

The historical rank and industry rank for Par Pacific Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:61P' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.24   Max: 0.73
Current: 0.73

During the past years, Par Pacific Holdings's highest Cyclically Adjusted PS Ratio was 0.73. The lowest was 0.10. And the median was 0.24.

STU:61P's Cyclically Adjusted PS Ratio is ranked better than
60.4% of 707 companies
in the Oil & Gas industry
Industry Median: 1.05 vs STU:61P: 0.73

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Par Pacific Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was €31.785. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €97.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Par Pacific Holdings  (STU:61P) 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.


Par Pacific Holdings Cyclically Adjusted PS Ratio Related Terms


Par Pacific Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Par Pacific Holdings'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.

Par Pacific Holdings Cyclically Adjusted PS Ratio Chart

Par Pacific Holdings 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 0.24 0.28 0.38 0.17 0.32

Par Pacific Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.14 0.25 0.33 0.32 0.55

STU:61P vs DK, CVI, DKL: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Par Pacific Holdings'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.


Par Pacific Holdings Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Par Pacific Holdings's Cyclically Adjusted PS Ratio falls into.


STU:61P
67GF Score
Par Pacific Holdings Inc STU:61P
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Par Pacific Holdings 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.

Par Pacific Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=72.56/97.75
=0.74

* 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.

Par Pacific Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Par Pacific Holdings's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=31.785/330.2130*330.2130
=31.785

Current CPI (Mar. 2026) = 330.2130.

Par Pacific Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.979 241.018 12.302
201609 10.935 241.428 14.956
201612 11.741 241.432 16.058
201703 10.911 243.801 14.778
201706 11.021 244.955 14.857
201709 9.852 246.819 13.181
201712 12.246 246.524 16.403
201803 13.590 249.554 17.982
201806 16.033 251.989 21.010
201809 17.058 252.439 22.313
201812 16.844 251.233 22.139
201903 18.980 254.202 24.655
201906 24.910 256.143 32.113
201909 24.983 256.759 32.130
201912 24.372 256.974 31.318
202003 20.501 258.115 26.227
202006 8.591 257.797 11.004
202009 10.975 260.280 13.924
202012 11.017 260.474 13.967
202103 13.753 264.877 17.145
202106 17.022 271.696 20.688
202109 18.638 274.310 22.436
202112 19.101 278.802 22.623
202203 20.636 287.504 23.701
202206 33.409 296.311 37.231
202209 34.712 296.808 38.619
202212 28.270 296.797 31.453
202303 25.783 301.836 28.207
202306 26.996 305.109 29.217
202309 39.359 307.789 42.227
202312 33.028 306.746 35.555
202403 30.892 312.332 32.661
202406 32.289 314.175 33.937
202409 34.357 315.301 35.982
202412 31.669 315.605 33.135
202503 30.027 319.799 31.005
202506 32.292 322.561 33.058
202509 33.696 324.800 34.258
202512 30.534 324.054 31.114
202603 31.785 330.213 31.785

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.

What does a Cyclically Adjusted PS Ratio of 0.74 mean?
Par Pacific Holdings (STU:61P) has a Cyclically Adjusted PS Ratio of 0.74 as of Jul. 30, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Par Pacific Holdings and its competitors. This is 208% above median its historical median of 0.24. Over the past decade, Par Pacific Holdings' Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.73. According to the industry distribution chart, Par Pacific Holdings ranks #280 out of 707 companies in the Oil & Gas industry, placing it in the top 39.6%.
Is Par Pacific Holdings' Cyclically Adjusted PS Ratio too high?
Par Pacific Holdings' current Cyclically Adjusted PS Ratio of 0.74 is 208% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.73. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.05. Par Pacific Holdings' value of 0.74 is 29.5% below this industry median. Based on the distribution chart, Par Pacific Holdings ranks #280 out of 707 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Par Pacific Holdings has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Par Pacific Holdings' Cyclically Adjusted PS Ratio compare to DK and CVI?
According to the Oil & Gas industry distribution chart, Par Pacific Holdings ranks #280 out of 707 companies for Cyclically Adjusted PS Ratio. This puts Par Pacific Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. Par Pacific Holdings' value of 0.74 is 29.5% below this benchmark. Historically, Par Pacific Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.73 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 1.05, Par Pacific Holdings 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 PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.05, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Par Pacific Holdings's current Cyclically Adjusted PS Ratio of 0.74 is 29.5% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Par Pacific Holdings and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Par Pacific Holdings's current Cyclically Adjusted PS Ratio is 0.74, which is 208% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Par Pacific Holdings stock overvalued right now?
Based on GuruFocus' analysis, Par Pacific Holdings (STU:61P) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.37, compared to a current price of €72.56 — trading 131.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.74, which is 208% above median its 10-year median of 0.24 and 29.5% below the Oil & Gas industry median of 1.05. Par Pacific Holdings' overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Par Pacific Holdings (STU:61P), the current Cyclically Adjusted PS Ratio is 0.74 as of Jul. 30, 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 Par Pacific Holdings (STU:61P) Overvalued in 2026?

Based on GuruFocus' analysis, Par Pacific Holdings stock appears to be overvalued. The current stock price of €72.56 is trading 131.3% above its estimated GF Value™ of €31.37. GuruFocus considers Par Pacific Holdings to be Significantly Overvalued.

Key valuation signals for STU:61P:

  • Cyclically Adjusted PS Ratio: 0.74 (208% above median its 10-year median of 0.24)
  • GF Value™: €31.37 vs. price of €72.56 (131.3% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 29.5% below the Oil & Gas median (#280 of 707)

No single metric tells the full story. See the STU:61P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Par Pacific Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges PARR:USA
Address 825 Town & Country Lane, Suite 1500, Houston, TX, USA, 77024
Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments: Refining. Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operating licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refineries, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.
67GF Score

Get the complete analysis for STU:61P

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

€72.56
Price
€31.37
GF Value