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High Arctic Energy Services (TSX:HWO) Cyclically Adjusted PB Ratio : 0.35 (As of May. 29, 2024)


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What is High Arctic Energy Services Cyclically Adjusted PB Ratio?

As of today (2024-05-29), High Arctic Energy Services's current share price is C$1.45. High Arctic Energy Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$4.15. High Arctic Energy Services's Cyclically Adjusted PB Ratio for today is 0.35.

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

TSX:HWO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.47   Max: 1.73
Current: 0.35

During the past years, High Arctic Energy Services's highest Cyclically Adjusted PB Ratio was 1.73. The lowest was 0.17. And the median was 0.47.

TSX:HWO's Cyclically Adjusted PB Ratio is ranked better than
77.8% of 820 companies
in the Oil & Gas industry
Industry Median: 0.985 vs TSX:HWO: 0.35

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.

High Arctic Energy Services's adjusted book value per share data for the three months ended in Mar. 2024 was C$2.112. 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 C$4.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


High Arctic Energy Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for High Arctic Energy Services'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.

High Arctic Energy Services Cyclically Adjusted PB Ratio Chart

High Arctic Energy Services 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 0.76 0.34 0.40 0.38 0.27

High Arctic Energy Services 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 0.31 0.30 0.29 0.27 0.27

Competitive Comparison of High Arctic Energy Services's Cyclically Adjusted PB Ratio

For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services'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.


High Arctic Energy Services's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where High Arctic Energy Services's Cyclically Adjusted PB Ratio falls into.



High Arctic Energy Services 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.

High Arctic Energy Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.45/4.15
=0.35

* 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.

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

For example, High Arctic Energy Services'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)
=2.112/126.2576*126.2576
=2.112

Current CPI (Mar. 2024) = 126.2576.

High Arctic Energy Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.472 99.473 3.138
201409 2.785 99.394 3.538
201412 2.969 98.367 3.811
201503 3.206 99.789 4.056
201506 3.261 100.500 4.097
201509 3.496 100.421 4.395
201512 3.699 99.947 4.673
201603 3.714 101.054 4.640
201606 3.801 102.002 4.705
201609 4.144 101.765 5.141
201612 4.329 101.449 5.388
201703 4.408 102.634 5.423
201706 4.381 103.029 5.369
201709 4.278 103.345 5.226
201712 4.326 103.345 5.285
201803 4.390 105.004 5.279
201806 4.453 105.557 5.326
201809 4.559 105.636 5.449
201812 4.591 105.399 5.500
201903 4.480 106.979 5.287
201906 4.319 107.690 5.064
201909 4.283 107.611 5.025
201912 4.143 107.769 4.854
202003 4.240 107.927 4.960
202006 4.037 108.401 4.702
202009 3.877 108.164 4.526
202012 3.635 108.559 4.228
202103 3.509 110.298 4.017
202106 3.404 111.720 3.847
202109 3.350 112.905 3.746
202112 3.054 113.774 3.389
202203 2.984 117.646 3.202
202206 2.598 120.806 2.715
202209 2.578 120.648 2.698
202212 2.367 120.964 2.471
202303 2.342 122.702 2.410
202306 2.303 124.203 2.341
202309 1.999 125.230 2.015
202312 2.022 125.072 2.041
202403 2.112 126.258 2.112

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.


High Arctic Energy Services  (TSX:HWO) 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.


High Arctic Energy Services Cyclically Adjusted PB Ratio Related Terms

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


High Arctic Energy Services (TSX:HWO) Business Description

Traded in Other Exchanges
Address
330 - 5th Ave SW., Suite 2350, Calgary, AB, CAN, T2P 0L4
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.
Executives
Douglas John Strong Director

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