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Williams (BSP:W1MB34) Cyclically Adjusted PB Ratio : 4.62 (As of Oct. 31, 2024)


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What is Williams Cyclically Adjusted PB Ratio?

As of today (2024-10-31), Williams's current share price is R$300.00. Williams's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was R$64.94. Williams's Cyclically Adjusted PB Ratio for today is 4.62.

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

BSP:W1MB34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 2.66   Max: 5.07
Current: 4.37

During the past years, Williams's highest Cyclically Adjusted PB Ratio was 5.07. The lowest was 1.11. And the median was 2.66.

BSP:W1MB34's Cyclically Adjusted PB Ratio is ranked worse than
93.2% of 779 companies
in the Oil & Gas industry
Industry Median: 0.96 vs BSP:W1MB34: 4.37

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.

Williams's adjusted book value per share data for the three months ended in Jun. 2024 was R$54.186. 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 R$64.94 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Williams'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.

Williams Cyclically Adjusted PB Ratio Chart

Williams 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 2.29 2.01 2.51 2.90 2.96

Williams Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.79 2.86 2.96 3.24 3.54

Competitive Comparison of Williams's Cyclically Adjusted PB Ratio

For the Oil & Gas Midstream subindustry, Williams'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.


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

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

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



Williams 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.

Williams's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=300.00/64.94
=4.62

* 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.

Williams's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Williams's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=54.186/132.5538*132.5538
=54.186

Current CPI (Jun. 2024) = 132.5538.

Williams Quarterly Data

Book Value per Share CPI Adj_Book
201409 28.571 100.428 37.711
201412 31.041 99.070 41.532
201503 34.488 99.621 45.889
201506 32.937 100.684 43.363
201509 38.495 100.392 50.828
201512 31.855 99.792 42.313
201603 28.060 100.470 37.020
201606 22.047 101.688 28.739
201609 21.081 101.861 27.433
201612 20.763 101.863 27.019
201703 31.972 102.862 41.201
201706 33.138 103.349 42.502
201709 30.752 104.136 39.144
201712 38.519 104.011 49.089
201803 37.560 105.290 47.286
201806 42.574 106.317 53.080
201809 52.864 106.507 65.792
201812 46.916 105.998 58.670
201903 45.578 107.251 56.331
201906 43.979 108.070 53.943
201909 46.178 108.329 56.504
201912 45.136 108.420 55.183
202003 49.623 108.902 60.401
202006 52.085 108.767 63.476
202009 53.555 109.815 64.644
202012 49.767 109.897 60.027
202103 54.155 111.754 64.234
202106 47.539 114.631 54.972
202109 48.542 115.734 55.597
202112 53.002 117.630 59.727
202203 46.129 121.301 50.408
202206 46.378 125.017 49.174
202209 48.579 125.227 51.421
202212 49.310 125.222 52.197
202303 50.206 127.348 52.258
202306 46.439 128.729 47.819
202309 47.926 129.860 48.920
202312 49.812 129.419 51.018
202403 50.713 131.776 51.012
202406 54.186 132.554 54.186

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.


Williams  (BSP:W1MB34) 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.


Williams Cyclically Adjusted PB Ratio Related Terms

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


Williams Business Description

Industry
Address
One Williams Center, PO Box 2400, Tulsa, OK, USA, 74172
Williams Companies is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% ownership of its limited partner, Williams Partners.

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