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Vermilion Energy (TSX:VET) Cyclically Adjusted Book per Share : C$17.84 (As of Mar. 2024)


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What is Vermilion 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.

Vermilion Energy's adjusted book value per share for the three months ended in Mar. 2024 was C$18.655. 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$17.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vermilion Energy's average Cyclically Adjusted Book Growth Rate was 2.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Vermilion Energy was 15.20% per year. The lowest was 0.60% per year. And the median was 8.95% per year.

As of today (2024-05-18), Vermilion Energy's current stock price is C$16.76. Vermilion Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$17.84. Vermilion Energy's Cyclically Adjusted PB Ratio of today is 0.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vermilion Energy was 6.60. The lowest was 0.19. And the median was 2.19.


Vermilion Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vermilion 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.

* Premium members only.

Vermilion Energy Cyclically Adjusted Book per Share Chart

Vermilion Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.42 15.64 15.98 16.96 17.78

Vermilion Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 17.33 17.64 17.88 17.78 17.84

Competitive Comparison of Vermilion Energy's Cyclically Adjusted Book per Share

For the Oil & Gas E&P subindustry, Vermilion 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.


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

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

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



Vermilion 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, Vermilion Energy's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=18.655/126.2576*126.2576
=18.655

Current CPI (Mar. 2024) = 126.2576.

Vermilion Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.913 99.473 24.006
201409 18.710 99.394 23.767
201412 18.838 98.367 24.179
201503 18.135 99.789 22.945
201506 18.005 100.500 22.619
201509 17.920 100.421 22.530
201512 16.597 99.947 20.966
201603 15.350 101.054 19.178
201606 14.060 102.002 17.403
201609 14.047 101.765 17.428
201612 13.347 101.449 16.611
201703 13.540 102.634 16.657
201706 13.624 103.029 16.696
201709 12.844 103.345 15.692
201712 12.634 103.345 15.435
201803 12.766 105.004 15.350
201806 17.396 105.557 20.807
201809 16.563 105.636 19.796
201812 18.449 105.399 22.100
201903 17.866 106.979 21.086
201906 17.037 107.690 19.974
201909 16.296 107.611 19.120
201912 15.697 107.769 18.390
202003 7.339 107.927 8.585
202006 6.511 108.401 7.584
202009 6.185 108.164 7.220
202012 5.830 108.559 6.780
202103 8.852 110.298 10.133
202106 11.500 111.720 12.996
202109 10.713 112.905 11.980
202112 12.733 113.774 14.130
202203 14.304 117.646 15.351
202206 16.230 120.806 16.962
202209 17.742 120.648 18.567
202212 20.836 120.964 21.748
202303 23.294 122.702 23.969
202306 23.269 124.203 23.654
202309 23.538 125.230 23.731
202312 18.683 125.072 18.860
202403 18.655 126.258 18.655

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


Vermilion Energy  (TSX:VET) 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.

Vermilion Energy's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.76/17.84
=0.94

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vermilion Energy was 6.60. The lowest was 0.19. And the median was 2.19.


Be Aware

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


Vermilion Energy Cyclically Adjusted Book per Share Related Terms

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


Vermilion Energy (TSX:VET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vermilion Energy Inc (TSX:VET) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
520 - 3rd Avenue SW, Suite 3500, Calgary, AB, CAN, T2P 0R3
Vermilion Energy Inc is an international oil and gas-producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well-completion techniques to keep production at attractive levels. It derives a majority of its revenue from Canada.
Executives
Robert B. Michaleski Director