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Husky Energy (TSX:HSE) Cyclically Adjusted Book per Share : C$0.00 (As of Sep. 2020)


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What is Husky Energy Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Husky Energy's adjusted book value per share for the three months ended in Sep. 2020 was C$7.292. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is C$0.00 for the trailing ten years ended in Sep. 2020.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-05-26), Husky Energy's current stock price is C$6.76. Husky Energy's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2020 was C$0.00. Husky Energy's Cyclically Adjusted PB Ratio of today is .


Husky Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for Husky Energy's Cyclically Adjusted Book per Share 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.

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Husky Energy Cyclically Adjusted Book per Share Chart

Husky Energy Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted Book per Share
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Husky Energy Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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Competitive Comparison of Husky Energy's Cyclically Adjusted Book per Share

For the Oil & Gas Integrated subindustry, Husky Energy'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.


Husky Energy's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



Husky Energy Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Husky Energy's adjusted Book Value per Share data for the three months ended in Sep. 2020 was:

Adj_Book= Book Value per Share /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=7.292/108.1643*108.1643
=7.292

Current CPI (Sep. 2020) = 108.1643.

Husky Energy Quarterly Data

Book Value per Share CPI Adj_Book
201012 16.362 92.836 19.063
201103 16.568 94.338 18.996
201106 18.512 94.654 21.154
201109 18.154 95.286 20.608
201112 18.257 94.970 20.794
201203 18.571 96.155 20.890
201206 18.814 96.076 21.181
201209 18.984 96.392 21.303
201212 19.211 95.760 21.700
201303 19.537 97.103 21.763
201306 19.974 97.182 22.231
201309 20.119 97.419 22.338
201312 20.121 96.945 22.450
201403 20.584 98.604 22.580
201406 20.795 99.473 22.612
201409 21.219 99.394 23.091
201412 20.372 98.367 22.401
201503 20.563 99.789 22.289
201506 20.316 100.500 21.865
201509 16.188 100.421 17.436
201512 15.962 99.947 17.274
201603 15.147 101.054 16.213
201606 14.959 102.002 15.863
201609 16.372 101.765 17.402
201612 16.651 101.449 17.753
201703 16.669 102.634 17.567
201706 16.430 103.029 17.249
201709 16.359 103.345 17.122
201712 16.995 103.345 17.788
201803 17.349 105.004 17.871
201806 17.835 105.557 18.276
201809 18.128 105.636 18.562
201812 18.633 105.399 19.122
201903 18.645 106.979 18.852
201906 18.727 107.690 18.809
201909 18.952 107.611 19.049
201912 16.324 107.769 16.384
202003 15.155 107.927 15.188
202006 14.547 108.401 14.515
202009 7.292 108.164 7.292

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Husky Energy  (TSX:HSE) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Husky Energy Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Husky Energy's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Husky Energy (TSX:HSE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Husky Energy Inc (TSX:HSE) » Definitions » Cyclically Adjusted Book per Share
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Address
707, 8th Avenue S.W, PO Box 6525, Station D, Calgary, AB, CAN, T2P 1H5
Husky Energy is one of Canada's largest integrated energy companies, operating in western Canada, the United States, and the Asia-Pacific and Atlantic regions. The upstream portfolio includes light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. Husky's heavy oil and oil sands production are supported by two integrated downstream and midstream value chains. Production averaged 290,000 barrels of oil equivalent per day in 2019, and Husky estimates that it holds approximately 2.1 billion boe of proven and probable crude oil and natural gas reserves.

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