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W&T Offshore (W&T Offshore) Cyclically Adjusted Book per Share : $-1.97 (As of Dec. 2023)


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What is W&T Offshore 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.

W&T Offshore's adjusted book value per share for the three months ended in Dec. 2023 was $0.213. 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 $-1.97 for the trailing ten years ended in Dec. 2023.

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 W&T Offshore was -3.40% per year. The lowest was -67.10% per year. And the median was -33.30% per year.

As of today (2024-05-01), W&T Offshore's current stock price is $2.25. W&T Offshore's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $-1.97. W&T Offshore's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of W&T Offshore was 64.22. The lowest was 0.18. And the median was 1.54.


W&T Offshore Cyclically Adjusted Book per Share Historical Data

The historical data trend for W&T Offshore'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.

W&T Offshore Cyclically Adjusted Book per Share Chart

W&T Offshore 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 1.83 1.04 0.09 -0.96 -1.97

W&T Offshore Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.96 -1.22 -1.48 -1.75 -1.97

Competitive Comparison of W&T Offshore's Cyclically Adjusted Book per Share

For the Oil & Gas E&P subindustry, W&T Offshore'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.


W&T Offshore's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, W&T Offshore's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where W&T Offshore's Cyclically Adjusted PB Ratio falls into.



W&T Offshore 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, W&T Offshore's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.213/129.4194*129.4194
=0.213

Current CPI (Dec. 2023) = 129.4194.

W&T Offshore Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.236 99.695 9.393
201406 7.314 100.560 9.413
201409 7.272 100.428 9.371
201412 6.710 99.070 8.766
201503 3.384 99.621 4.396
201506 -0.010 100.684 -0.013
201509 -6.259 100.392 -8.069
201512 -6.882 99.792 -8.925
201603 -9.339 100.470 -12.030
201606 -10.867 101.688 -13.831
201609 -4.946 101.861 -6.284
201612 -4.787 101.863 -6.082
201703 -4.596 102.862 -5.783
201706 -4.339 103.349 -5.434
201709 -4.334 104.136 -5.386
201712 -4.123 104.011 -5.130
201803 -3.916 105.290 -4.813
201806 -3.646 106.317 -4.438
201809 -3.304 106.507 -4.015
201812 -2.309 105.998 -2.819
201903 -2.649 107.251 -3.197
201906 -2.381 108.070 -2.851
201909 -1.833 108.329 -2.190
201912 -1.760 108.420 -2.101
202003 -1.287 108.902 -1.529
202006 -1.322 108.767 -1.573
202009 -1.407 109.815 -1.658
202012 -1.464 109.897 -1.724
202103 -1.466 111.754 -1.698
202106 -1.825 114.631 -2.060
202109 -2.085 115.734 -2.332
202112 -1.730 117.630 -1.903
202203 -1.744 121.301 -1.861
202206 -0.869 125.017 -0.900
202209 -0.384 125.227 -0.397
202212 0.052 125.222 0.054
202303 0.238 127.348 0.242
202306 0.169 128.729 0.170
202309 0.205 129.860 0.204
202312 0.213 129.419 0.213

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


W&T Offshore  (NYSE:WTI) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of W&T Offshore was 64.22. The lowest was 0.18. And the median was 1.54.


Be Aware

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


W&T Offshore Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of W&T Offshore's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


W&T Offshore (W&T Offshore) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » W&T Offshore Inc (NYSE:WTI) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
5718 Westheimer Road, Suite 700, Houston, TX, USA, 77057-5745
W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of the company's revenue, with natural gas accounting for a much smaller portion.
Executives
Sameer Parasnis officer: EVP & Chief Financial Officer 1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Nancy T Chang director 101 WESTCOTT, SUITE 603, HOUSTON TX 77007
Jonathan Charles Curth officer: See Remarks 5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Hartman Bart P. Iii officer: VP and CAO 5718 WESTHEIMER RD. SUITE 700, HOUSTON TX 77057
Conwill Daniel O. Iv director 400 POYDRAS STREET, SUITE 3100, NEW ORLEANS LA 70130
Shahid Ghauri officer: SEE REMARKS NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Virginia Boulet director 909 POYDRAS ST SUITE 3600, NEW ORLEANS LA 70112
B Frank Stanley director NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Tracy W Krohn director, 10 percent owner, officer: Chairman & CEO EIGHT GREENWAY PLAZA, HOUSTON TX 77046
Stuart B Katz director 520 MADISON AVE., NEW YORK NY 10022
William J Williford officer: EVP and GM of Gulf of Mexico NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
David M Bump officer: See Remarks NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Sunghee Janet Yang officer: SEE REMARKS NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Stephen L Schroeder officer: SVP & Chief Technical Officer C/O W&T OFFSHORE, INC., EIGHT GREENWAY PLAZA, SUITE 1330, HOUSTON TX 77046
John D Gibbons officer: SVP & Chief Financial Officer P.O. BOX 500, SAN ANTONIO TX 78292-0500