EOG Resources (WBO:EOGR) Cyclically Adjusted PS Ratio: 3.75 (As of Aug. 01, 2026) — Near 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.

WBO:EOGR EOG Resources Inc WBO:EOGR
78 GF Score
Price €127.55
GF Value €123.13
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is EOG Resources Cyclically Adjusted PS Ratio?

EOG Resources WBO:EOGR +2.41% 78 Cyclically Adjusted PS Ratio is 3.75 as of Aug. 01, 2026, which is 2% below its 10-year median of 3.82. GuruFocus rates WBO:EOGR with a GF Score™ of 78/100 and a GF Value™ of €123.13 (Fairly Valued). The stock has 6 warning signs investors should review. Among 707 Oil & Gas companies, EOG Resources ranks worse than 84.72% on this metric.

As of today (2026-08-01), EOG Resources's current share price is €127.55. EOG Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €33.97. EOG Resources's Cyclically Adjusted PS Ratio for today is 3.75.

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

WBO:EOGR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.47   Med: 3.82   Max: 6.45
Current: 3.94

During the past years, EOG Resources's highest Cyclically Adjusted PS Ratio was 6.45. The lowest was 1.47. And the median was 3.82.

WBO:EOGR's Cyclically Adjusted PS Ratio is ranked worse than
84.72% of 707 companies
in the Oil & Gas industry
Industry Median: 1.05 vs WBO:EOGR: 3.94

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.

EOG Resources's adjusted revenue per share data for the three months ended in Mar. 2026 was €10.926. 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 €33.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


EOG Resources  (WBO:EOGR) 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
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 3.75 3.43 3.15 2.91 3.83

WBO:EOGR 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.


WBO:EOGR
78GF Score
EOG Resources Inc WBO:EOGR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=127.55/33.97
=3.75

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

For example, EOG Resources'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)
=10.926/330.2130*330.2130
=10.926

Current CPI (Mar. 2026) = 330.2130.

EOG Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.947 241.018 4.038
201609 3.233 241.428 4.422
201612 3.871 241.432 5.294
201703 4.106 243.801 5.561
201706 3.993 244.955 5.383
201709 3.822 246.819 5.113
201712 5.008 246.524 6.708
201803 5.210 249.554 6.894
201806 6.491 251.989 8.506
201809 6.899 252.439 9.025
201812 6.617 251.233 8.697
201903 6.162 254.202 8.005
201906 6.843 256.143 8.822
201909 6.542 256.759 8.414
201912 6.556 256.974 8.424
202003 5.422 258.115 6.937
202006 1.857 257.797 2.379
202009 3.377 260.280 4.284
202012 4.096 260.474 5.193
202103 5.818 264.877 7.253
202106 6.384 271.696 7.759
202109 7.614 274.310 9.166
202112 8.953 278.802 10.604
202203 10.467 287.504 12.022
202206 13.908 296.311 15.499
202209 13.073 296.808 14.544
202212 10.444 296.797 11.620
202303 8.877 301.836 9.712
202306 8.629 305.109 9.339
202309 9.825 307.789 10.541
202312 9.468 306.746 10.192
202403 9.302 312.332 9.835
202406 9.792 314.175 10.292
202409 9.303 315.301 9.743
202412 9.687 315.605 10.135
202503 9.772 319.799 10.090
202506 8.503 322.561 8.705
202509 8.977 324.800 9.127
202512 8.940 324.054 9.110
202603 10.926 330.213 10.926

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 3.75 mean?
EOG Resources (WBO:EOGR) has a Cyclically Adjusted PS Ratio of 3.75 as of Aug. 01, 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 EOG Resources and its competitors. This is near median its historical median of 3.82. Over the past decade, EOG Resources' Cyclically Adjusted PS Ratio has ranged from 1.47 to 6.45. According to the industry distribution chart, EOG Resources ranks #599 out of 707 companies in the Oil & Gas industry, placing it in the top 84.7%.
Is EOG Resources' Cyclically Adjusted PS Ratio too high?
EOG Resources' current Cyclically Adjusted PS Ratio of 3.75 is near median its 10-year median of 3.82. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 6.45. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.05. EOG Resources' value of 3.75 is 257.1% above this industry median. Based on the distribution chart, EOG Resources ranks #599 out of 707 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, EOG Resources has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does EOG Resources' Cyclically Adjusted PS Ratio compare to FANG and OXY?
According to the Oil & Gas industry distribution chart, EOG Resources ranks #599 out of 707 companies for Cyclically Adjusted PS Ratio. This places EOG Resources in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. EOG Resources' value of 3.75 is 257.1% above this benchmark. Historically, EOG Resources' own Cyclically Adjusted PS Ratio has ranged from 1.47 to 6.45 over the past decade. While the company's 10-year median is 3.82 vs. the industry median of 1.05, EOG Resources 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 1.05, 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. EOG Resources's current Cyclically Adjusted PS Ratio of 3.75 is 257.1% 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 EOG Resources 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. EOG Resources's current Cyclically Adjusted PS Ratio is 3.75, which is near median its own 10-year median of 3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EOG Resources stock overvalued right now?
Based on GuruFocus' analysis, EOG Resources (WBO:EOGR) is currently considered Fairly Valued. The stock's GF Value™ is €123.13, compared to a current price of €127.55 — trading 3.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.75, which is near median its 10-year median of 3.82 and 257.1% above the Oil & Gas industry median of 1.05. EOG Resources' overall GF Score™ is 78/100 with 6 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 EOG Resources (WBO:EOGR), the current Cyclically Adjusted PS Ratio is 3.75 as of Aug. 01, 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 EOG Resources (WBO:EOGR) Overvalued in 2026?

Based on GuruFocus' analysis, EOG Resources stock appears to be overvalued. The current stock price of €127.55 is trading 3.6% above its estimated GF Value™ of €123.13. GuruFocus considers EOG Resources to be Fairly Valued.

Key valuation signals for WBO:EOGR:

  • Cyclically Adjusted PS Ratio: 3.75 (near median its 10-year median of 3.82)
  • GF Value™: €123.13 vs. price of €127.55 (3.6% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 257.1% above the Oil & Gas median (#599 of 707)

No single metric tells the full story. See the WBO:EOGR 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.
78GF Score

Get the complete analysis for WBO:EOGR

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

€127.55
Price
€123.13
GF Value