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Sunoco LP (Sunoco LP) Cyclically Adjusted PB Ratio : 3.05 (As of Apr. 30, 2024)


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What is Sunoco LP Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Sunoco LP's current share price is $57.21. Sunoco LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $18.75. Sunoco LP's Cyclically Adjusted PB Ratio for today is 3.05.

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

SUN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 2.47   Max: 3.37
Current: 3.02

During the past years, Sunoco LP's highest Cyclically Adjusted PB Ratio was 3.37. The lowest was 1.60. And the median was 2.47.

SUN's Cyclically Adjusted PB Ratio is ranked worse than
86.22% of 813 companies
in the Oil & Gas industry
Industry Median: 1.02 vs SUN: 3.02

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.

Sunoco LP's adjusted book value per share data for the three months ended in Dec. 2023 was $11.587. 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 $18.75 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sunoco LP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sunoco 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.

Sunoco LP Cyclically Adjusted PB Ratio Chart

Sunoco 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 - 1.90 2.59 2.48 3.20

Sunoco LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.48 2.46 2.39 2.63 3.20

Competitive Comparison of Sunoco LP's Cyclically Adjusted PB Ratio

For the Oil & Gas Refining & Marketing subindustry, Sunoco 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.


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

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

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



Sunoco 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.

Sunoco LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.21/18.75
=3.05

* 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.

Sunoco LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Sunoco LP'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)
=11.587/129.4194*129.4194
=11.587

Current CPI (Dec. 2023) = 129.4194.

Sunoco LP Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.638 99.695 4.723
201406 3.608 100.560 4.643
201409 40.409 100.428 52.074
201412 109.845 99.070 143.496
201503 32.559 99.621 42.298
201506 32.654 100.684 41.974
201509 38.460 100.392 49.581
201512 0.065 99.792 0.084
201603 -0.212 100.470 -0.273
201606 -0.212 101.688 -0.270
201609 -0.212 101.861 -0.269
201612 22.367 101.863 28.418
201703 24.423 102.862 30.729
201706 21.122 103.349 26.450
201709 21.463 104.136 26.674
201712 22.545 104.011 28.052
201803 11.298 105.290 13.887
201806 11.103 106.317 13.516
201809 11.453 106.507 13.917
201812 9.484 105.998 11.580
201903 9.779 107.251 11.800
201906 9.414 108.070 11.274
201909 9.208 108.329 11.001
201912 9.134 108.420 10.903
202003 6.577 108.902 7.816
202006 7.442 108.767 8.855
202009 7.642 109.815 9.006
202012 7.584 109.897 8.931
202103 8.374 111.754 9.698
202106 9.346 114.631 10.552
202109 9.598 115.734 10.733
202112 9.693 117.630 10.665
202203 11.280 121.301 12.035
202206 11.700 125.017 12.112
202209 11.676 125.227 12.067
202212 11.207 125.222 11.583
202303 11.896 127.348 12.090
202306 11.884 128.729 11.948
202309 14.037 129.860 13.989
202312 11.587 129.419 11.587

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.


Sunoco LP  (NYSE:SUN) 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.


Sunoco LP Cyclically Adjusted PB Ratio Related Terms

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


Sunoco LP (Sunoco LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sunoco LP (NYSE:SUN) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
N/A
Address
8111 Westchester Drive, Suite 400, Dallas, TX, USA, 75225
Sunoco LP is a Delaware limited partnership formed in June 2012 by Susser Holdings Corporation or SUSS. In September 2012, the Company completed its initial public offering. The Company, along with its wholly owned subsidiary, is an independent motor fuel distributor by gallons in Texas, and among the distributors of Valero and Chevron branded motor fuel in the United States. The Company also receives rental income from real estate that it leases or subleases. SUSS operated approximately 580 retail convenience stores under its proprietary Stripes convenience store brand at year-end, mainly in growing Texas markets. Stripes is an independent chain of convenience stores in Texas based on store count and retail motor fuel volumes sold. Its business is integral to the success of SUSS' retail operations, and SUSS purchases substantially all of its motor fuel from the Company. In addition to distributing motor fuel, it also distributes other petroleum products such as propane and lube oil, and receives rental income from real estate that it leases or subleases. The Company purchases motor fuel mainly from independent refiners and oil companies and distributes it throughout Texas and in Louisiana, New Mexico and Oklahoma. The Company competes mainly with other independent motor fuel distributors. The Company is subject to various federal, state and local environmental laws and regulations, including those relating to underground storage tanks; the release or discharge of hazardous materials into the air, water and soil; the generation, storage, handling, use, transportation and disposal of regulated materials; the exposure of persons to regulated materials; and the remediation of contaminated soil and groundwater.
Executives
Arnold Dodderer officer: General Counsel 8020 PARK LANE, DALLAS TX 75231
Joseph Kim officer: EVP-Chief Development Officer 8020 PARK LANE, DALLAS TX 75231
Austin Harkness officer: SVP - Pricing & REO 8111 WESTCHESTER DRIVE., SUITE 600, DALLAS TX 75225
Ray W Washburne director 47 HIGHLAND PARK VILLAGE, SUITE 200, DALLAS TX 75205
Matthew S. Ramsey director 6002 DEERWOOD, HOUSTON TX 77057
David K Skidmore director 400 N. SAINT PAUL ST., STE. 800, DALLAS TX 75201
Imad K. Anbouba director 10440 N CENTRAL EXPWAY, SUITE 1010, DALLAS TX 75231
Dylan Bramhall officer: CFO 8111 WESTCHESTER DRIVE, SUITE 600, DALLAS TX 75225
Rick Raymer officer: VP & Controller & POA 8020 PARK LANE, SUITE 200, DALLAS TX 75231
Alison Gladwin officer: SVP, Marketing & Admin. 8111 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Karl R Fails officer: EVP, Supply & Trading 8111 WESTCHESTER DRIVE, SUITE 500, DALLAS TX 75225
Brian A Hand officer: SVP-Chief Dev. & Mktg. Officer 910 BEECHWOOD LANE, FAIRVIEW TX 75069
Christopher Curia director, officer: Sr. VP - Human Resources 1250 VIA MILANO, SAN ANTONIO TX 78260
Thomas R Miller officer: CFO 2030 DONAHUE FERRY ROAD, PINEVILLE LA 71360
Camilla A. Harris officer: VP, Controller & PAO 8020 PARK LANE, DALLAS TX 75231

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