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Alliance Resource Partners LP (Alliance Resource Partners LP) Cyclically Adjusted PB Ratio : 1.65 (As of May. 14, 2024)


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What is Alliance Resource Partners LP Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Alliance Resource Partners LP's current share price is $22.55. Alliance Resource Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $13.66. Alliance Resource Partners LP's Cyclically Adjusted PB Ratio for today is 1.65.

The historical rank and industry rank for Alliance Resource Partners LP's Cyclically Adjusted PB Ratio or its related term are showing as below:

ARLP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 1.8   Max: 8.65
Current: 1.63

During the past years, Alliance Resource Partners LP's highest Cyclically Adjusted PB Ratio was 8.65. The lowest was 0.23. And the median was 1.80.

ARLP's Cyclically Adjusted PB Ratio is ranked worse than
51.85% of 135 companies
in the Other Energy Sources industry
Industry Median: 1.61 vs ARLP: 1.63

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.

Alliance Resource Partners LP's adjusted book value per share data for the three months ended in Mar. 2024 was $14.819. 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 $13.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alliance Resource Partners LP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alliance Resource Partners LP's Cyclically Adjusted PB 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.

* Premium members only.

Alliance Resource Partners LP Cyclically Adjusted PB Ratio Chart

Alliance Resource Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.38 1.01 1.54 1.55

Alliance Resource Partners LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB 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 1.50 1.36 1.64 1.55 1.47

Competitive Comparison of Alliance Resource Partners LP's Cyclically Adjusted PB Ratio

For the Thermal Coal subindustry, Alliance Resource Partners LP'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.


Alliance Resource Partners LP's Cyclically Adjusted PB Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Alliance Resource Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alliance Resource Partners LP's Cyclically Adjusted PB Ratio falls into.



Alliance Resource Partners LP Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Alliance Resource Partners LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.55/13.66
=1.65

* 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.

Alliance Resource Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Alliance Resource Partners LP'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)
=14.819/129.4194*129.4194
=14.819

Current CPI (Mar. 2024) = 129.4194.

Alliance Resource Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.857 100.560 16.547
201409 13.428 100.428 17.304
201412 13.699 99.070 17.896
201503 13.987 99.621 18.171
201506 14.155 100.684 18.195
201509 14.144 100.392 18.234
201512 13.301 99.792 17.250
201603 12.737 100.470 16.407
201606 13.181 101.688 16.776
201609 13.722 101.861 17.434
201612 14.627 101.863 18.584
201703 15.290 102.862 19.238
201706 15.468 103.349 19.370
201709 8.800 104.136 10.937
201712 8.769 104.011 10.911
201803 9.439 105.290 11.602
201806 9.514 106.317 11.581
201809 9.524 106.507 11.573
201812 9.231 105.998 11.271
201903 10.717 107.251 12.932
201906 10.650 108.070 12.754
201909 10.431 108.329 12.462
201912 9.877 108.420 11.790
202003 8.300 108.902 9.864
202006 7.954 108.767 9.464
202009 8.187 109.815 9.649
202012 8.341 109.897 9.823
202103 8.558 111.754 9.911
202106 8.831 114.631 9.970
202109 9.204 115.734 10.292
202112 9.552 117.630 10.509
202203 9.610 121.301 10.253
202206 10.544 125.017 10.915
202209 11.454 125.227 11.838
202212 13.220 125.222 13.663
202303 13.219 127.348 13.434
202306 13.858 128.729 13.932
202309 14.382 129.860 14.333
202312 14.431 129.419 14.431
202403 14.819 129.419 14.819

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


Alliance Resource Partners LP  (NAS:ARLP) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Alliance Resource Partners LP Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Alliance Resource Partners LP's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Alliance Resource Partners LP (Alliance Resource Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
1717 South Boulder Avenue, Suite 400, Tulsa, OK, USA, 74119
Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments Illinois Basin, Appalachia, Oil & Gas Royalties and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia . The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II and includes Alliance Minerals' equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties has includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.
Executives
Kathleen S. Craft 10 percent owner 2502 E. 45TH ST., TULSA OK 74105
Craft Joseph W Iii director, 10 percent owner, officer: President and Chief Executive PO BOX 22027, TULSA OK 74121-2027
D Andrew Woodward officer: Senior VP, New Ventures C/O ANDX, FINDLAY OH 45840
Megan J Cordle officer: VP, Controller and CAO P.O. BOX 22027, TULSA OK 74121
John H Robinson director 1 WATERHOUSE SQU, 5TH FL. 138-142 HOLBORN, LONDON X0 EC1N 2ST
Robert J Fouch officer: Vice President and Controller 1717 S. BOULDER, SUITE 400, TULSA OK 74119
Kirk Tholen officer: Sr VP, Chief Strategic Officer 1717 SOUTH BOULDER, SUITE 400, TULSA OK 74119
Robert J Druten director 6503 SENECA ROAD, MISSION HILLS KS 66208
Wilson M Torrence director 1717 SOUTH BOULDER, SUITE 400, TULSA OK 74119
Nick Carter director
Timothy J Whelan officer: Senior Vice President Sales 1717 SOUTH BOULDER AVENUE, SUITE 400, TULSA OK 74119
John P Neafsey director PO BOX 22027, C/O ALLIANCE RESOURCE PARTNERS LP, TULSA OK 74121
Alliance Resource Management Gp, Llc 10 percent owner 1717 SOUTH BOULDER AVENUE, SUITE 400, TULSA OK 74119
Alliance Holdings Gp, L.p. director, 10 percent owner P.O. BOX 22027, TULSA OK 74121
Mgp Ii, Llc director, 10 percent owner 1717 SOUTH BOULDER AVENUE, SUITE 400, TULSA OK 74119