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Stepan Co (STU:96S) Cyclically Adjusted PB Ratio : 1.90 (As of May. 26, 2024)


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What is Stepan Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Stepan Co's current share price is €78.50. Stepan Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €41.38. Stepan Co's Cyclically Adjusted PB Ratio for today is 1.90.

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

STU:96S' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.47   Med: 3.42   Max: 4.59
Current: 1.93

During the past years, Stepan Co's highest Cyclically Adjusted PB Ratio was 4.59. The lowest was 1.47. And the median was 3.42.

STU:96S's Cyclically Adjusted PB Ratio is ranked worse than
54.26% of 1104 companies
in the Chemicals industry
Industry Median: 1.68 vs STU:96S: 1.93

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.

Stepan Co's adjusted book value per share data for the three months ended in Mar. 2024 was €49.718. 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 €41.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stepan Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Stepan Co'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.

Stepan Co Cyclically Adjusted PB Ratio Chart

Stepan Co 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 3.66 3.90 3.53 2.67 2.17

Stepan Co 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 2.50 2.26 1.74 2.17 2.01

Competitive Comparison of Stepan Co's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Stepan Co'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.


Stepan Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Stepan Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Stepan Co 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.

Stepan Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=78.50/41.38
=1.90

* 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.

Stepan Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Stepan Co'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)
=49.718/131.7762*131.7762
=49.718

Current CPI (Mar. 2024) = 131.7762.

Stepan Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.299 100.560 25.290
201409 20.008 100.428 26.253
201412 19.515 99.070 25.958
201503 21.942 99.621 29.024
201506 21.997 100.684 28.790
201509 22.078 100.392 28.980
201512 22.949 99.792 30.304
201603 23.964 100.470 31.431
201606 24.675 101.688 31.976
201609 25.389 101.861 32.845
201612 26.828 101.863 34.706
201703 28.016 102.862 35.891
201706 27.936 103.349 35.620
201709 27.379 104.136 34.646
201712 27.783 104.011 35.199
201803 27.740 105.290 34.718
201806 28.932 106.317 35.860
201809 29.603 106.507 36.627
201812 31.536 105.998 39.205
201903 32.539 107.251 39.980
201906 33.650 108.070 41.032
201909 34.464 108.329 41.923
201912 35.650 108.420 43.330
202003 34.917 108.902 42.251
202006 35.569 108.767 43.093
202009 35.462 109.815 42.554
202012 36.091 109.897 43.276
202103 37.391 111.754 44.090
202106 38.749 114.631 44.544
202109 40.098 115.734 45.656
202112 42.402 117.630 47.501
202203 45.341 121.301 49.257
202206 47.744 125.017 50.325
202209 51.296 125.227 53.979
202212 49.506 125.222 52.097
202303 49.766 127.348 51.497
202306 50.179 128.729 51.367
202309 50.399 129.860 51.143
202312 49.849 129.419 50.757
202403 49.718 131.776 49.718

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.


Stepan Co  (STU:96S) 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.


Stepan Co Cyclically Adjusted PB Ratio Related Terms

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


Stepan Co (STU:96S) Business Description

Industry
Traded in Other Exchanges
Address
1101 Skokie Boulevard, Suite 500, Northbrook, IL, USA, 60062
Stepan Co manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The surfactants segment, which generates the majority of revenue, sells cleaning agents used in detergents, shampoos, body wash, fabric softeners, toothpastes, and other personal-care products. Surfactants are chemical agents that affect the interaction between two surfaces. The polymers segment sells polyurethane used to manufacture rigid foam for thermal insulation, as well as phthalic anhydride used to make plastic components for the construction, automotive, and boating industries. The specialty products segment sells chemicals used in food and flavoring. Most of Stepan's revenue comes from the United States.

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