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Orlen (STU:PKY1) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)


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What is Orlen Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Orlen Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Orlen'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.

Orlen Cyclically Adjusted PB Ratio Chart

Orlen 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 - 0.82 0.93 0.65 0.60

Orlen 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 0.56 0.61 0.55 0.60 -

Competitive Comparison of Orlen's Cyclically Adjusted PB Ratio

For the Oil & Gas Integrated subindustry, Orlen'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.


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

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

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



Orlen 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.

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

For example, Orlen'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)
=31.015/149.0435*149.0435
=31.015

Current CPI (Mar. 2024) = 149.0435.

Orlen Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.429 101.180 16.835
201409 11.680 100.611 17.303
201412 10.362 100.122 15.425
201503 10.875 100.041 16.202
201506 11.325 100.448 16.804
201509 12.195 99.634 18.243
201512 12.240 99.471 18.340
201603 12.380 98.983 18.641
201606 12.891 99.552 19.300
201609 13.723 99.064 20.647
201612 14.774 100.366 21.939
201703 15.934 101.018 23.509
201706 16.069 101.180 23.670
201709 17.017 101.343 25.027
201712 17.773 102.564 25.827
201803 17.790 102.564 25.852
201806 18.168 103.378 26.193
201809 19.230 103.378 27.725
201812 19.722 103.785 28.322
201903 20.101 104.274 28.731
201906 20.221 105.983 28.437
201909 21.096 105.983 29.667
201912 21.306 107.123 29.644
202003 20.051 109.076 27.398
202006 21.994 109.402 29.964
202009 22.182 109.320 30.242
202012 22.962 109.565 31.236
202103 24.058 112.658 31.828
202106 24.609 113.960 32.185
202109 26.197 115.588 33.779
202112 28.543 119.088 35.723
202203 30.147 125.031 35.937
202206 31.514 131.705 35.663
202209 32.400 135.531 35.630
202212 28.893 139.113 30.956
202303 30.363 145.950 31.006
202306 30.052 147.009 30.468
202309 30.765 146.113 31.382
202312 30.930 147.741 31.203
202403 31.015 149.044 31.015

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.


Orlen  (STU:PKY1) 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.


Orlen Cyclically Adjusted PB Ratio Related Terms

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Orlen (STU:PKY1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Orlen SA (STU:PKY1) » Definitions » Cyclically Adjusted PB Ratio
Address
Chemikow 7 Street, Plock, POL, 09-411
Orlen SA is an energy conglomerate that refines and distributes oil in Poland, the Czech Republic, Germany, and Lithuania. Through a group of refineries, it processes crude oil into gasoline, diesel oil, fuel oil, and aviation fuel. The company also produces petrochemicals and products used by chemical companies as feedstock. Additional operations include exploration and production activities in Poland, where it is domiciled, and Canada. Oil products are offered through thousands of service stations, which is supported by logistics infrastructure. This infrastructure includes surface and underground storage depots and a long-distance pipeline network.

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