Baytex Energy (STU:B5X) Cyclically Adjusted PS Ratio: 1.47 (As of Aug. 07, 2026) — 149% 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:B5X Baytex Energy Corp STU:B5X
49 GF Score
Price €3.58
GF Value €0.93
! 5 Warning Signs
View Full Analysis

What is Baytex Energy Cyclically Adjusted PS Ratio?

Baytex Energy STU:B5X +1.24% 49 Cyclically Adjusted PS Ratio is 1.47 as of Aug. 07, 2026, which is 149% above its 10-year median of 0.59. GuruFocus rates STU:B5X with a GF Score™ of 49/100 and a GF Value™ of €0.93. The stock has 5 warning signs investors should review. Among 713 Oil & Gas companies, Baytex Energy ranks worse than 59.47% on this metric.

As of today (2026-08-07), Baytex Energy's current share price is €3.584. Baytex Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.44. Baytex Energy's Cyclically Adjusted PS Ratio for today is 1.47.

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

STU:B5X' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.59   Max: 1.79
Current: 1.46

During the past years, Baytex Energy's highest Cyclically Adjusted PS Ratio was 1.79. The lowest was 0.04. And the median was 0.59.

STU:B5X's Cyclically Adjusted PS Ratio is ranked worse than
59.47% of 713 companies
in the Oil & Gas industry
Industry Median: 1.04 vs STU:B5X: 1.46

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.

Baytex Energy's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.545. 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 €2.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baytex Energy  (STU:B5X) 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.


Baytex Energy Cyclically Adjusted PS Ratio Related Terms


Baytex Energy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Baytex Energy'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.

Baytex Energy Cyclically Adjusted PS Ratio Chart

Baytex Energy 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 0.64 1.02 0.80 0.82 1.12

Baytex Energy 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 0.57 0.77 1.12 1.56 1.43

STU:B5X vs COP, EOG, FANG: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Baytex Energy'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.


Baytex Energy Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

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


STU:B5X
49GF Score
Baytex Energy Corp STU:B5X
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baytex Energy 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.

Baytex Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.584/2.44
=1.47

* 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.

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

For example, Baytex Energy'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)
=0.545/133.5265*133.5265
=0.545

Current CPI (Jun. 2026) = 133.5265.

Baytex Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.635 101.765 0.833
201612 0.766 101.449 1.008
201703 0.771 102.634 1.003
201706 0.785 103.029 1.017
201709 0.751 103.345 0.970
201712 0.845 103.345 1.092
201803 0.759 105.004 0.965
201806 0.958 105.557 1.212
201809 0.758 105.636 0.958
201812 0.423 105.399 0.536
201903 0.537 106.979 0.670
201906 0.573 107.690 0.710
201909 0.519 107.611 0.644
201912 0.546 107.769 0.676
202003 0.390 107.927 0.483
202006 0.178 108.401 0.219
202009 0.289 108.164 0.357
202012 0.267 108.559 0.328
202103 0.457 110.298 0.553
202106 0.527 111.720 0.630
202109 0.574 112.905 0.679
202112 0.663 113.774 0.778
202203 0.848 117.646 0.962
202206 1.104 120.806 1.220
202209 0.964 120.648 1.067
202212 0.816 120.964 0.901
202303 0.692 122.702 0.753
202306 0.707 124.203 0.760
202309 0.936 125.230 0.998
202312 0.875 125.072 0.934
202403 0.814 126.258 0.861
202406 0.939 127.522 0.983
202409 0.893 127.285 0.937
202412 -1.121 127.364 -1.175
202503 0.378 129.181 0.391
202506 0.338 129.892 0.347
202509 0.739 130.287 0.757
202512 -0.909 130.366 -0.931
202603 0.382 132.262 0.386
202606 0.545 133.527 0.545

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 1.47 mean?
Baytex Energy (STU:B5X) has a Cyclically Adjusted PS Ratio of 1.47 as of Aug. 07, 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 Baytex Energy and its competitors. This is 149% above median its historical median of 0.59. Over the past decade, Baytex Energy's Cyclically Adjusted PS Ratio has ranged from 0.04 to 1.79. According to the industry distribution chart, Baytex Energy ranks #424 out of 713 companies in the Oil & Gas industry, placing it in the top 59.5%.
Is Baytex Energy's Cyclically Adjusted PS Ratio too high?
Baytex Energy's current Cyclically Adjusted PS Ratio of 1.47 is 149% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.79. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.04. Baytex Energy's value of 1.47 is 41.3% above this industry median. Based on the distribution chart, Baytex Energy ranks #424 out of 713 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Baytex Energy has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Baytex Energy's Cyclically Adjusted PS Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Baytex Energy ranks #424 out of 713 companies for Cyclically Adjusted PS Ratio. This places Baytex Energy in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. Baytex Energy's value of 1.47 is 41.3% above this benchmark. Historically, Baytex Energy's own Cyclically Adjusted PS Ratio has ranged from 0.04 to 1.79 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.04, Baytex Energy has consistently been above 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 1.04, based on 713 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. Baytex Energy's current Cyclically Adjusted PS Ratio of 1.47 is 41.3% above 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 Baytex Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baytex Energy's current Cyclically Adjusted PS Ratio is 1.47, which is 149% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baytex Energy stock overvalued right now?
Baytex Energy (STU:B5X) has a current Cyclically Adjusted PS Ratio of 1.47. The stock's GF Value™ is €0.93, compared to a current price of €3.58 — trading 285.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.47, which is 149% above median its 10-year median of 0.59 and 41.3% above the Oil & Gas industry median of 1.04. Baytex Energy's overall GF Score™ is 49/100 with 5 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 Baytex Energy (STU:B5X), the current Cyclically Adjusted PS Ratio is 1.47 as of Aug. 07, 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 Baytex Energy (STU:B5X) Overvalued in 2026?

Based on GuruFocus' analysis, Baytex Energy stock appears to be overvalued. The current stock price of €3.58 is trading 285.4% above its estimated GF Value™ of €0.93.

Key valuation signals for STU:B5X:

  • Cyclically Adjusted PS Ratio: 1.47 (149% above median its 10-year median of 0.59)
  • GF Value™: €0.93 vs. price of €3.58 (285.4% above fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 41.3% above the Oil & Gas median (#424 of 713)

No single metric tells the full story. See the STU:B5X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Baytex Energy Business Description

Industry EnergyOil & Gas
Address 2800, 520 - 3rd Avenue SW, Centennial Place, East Tower, Calgary, AB, CAN, T2P 0R3
Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
49GF Score

Get the complete analysis for STU:B5X

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

€3.58
Price
€0.93
GF Value