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EOG Resources (WBO:EOGR) Cyclically Adjusted PB Ratio : 3.12 (As of May. 26, 2024)


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What is EOG Resources Cyclically Adjusted PB Ratio?

As of today (2024-05-26), EOG Resources's current share price is €114.32. EOG Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €36.67. EOG Resources's Cyclically Adjusted PB Ratio for today is 3.12.

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

WBO:EOGR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.14   Med: 3.54   Max: 6.37
Current: 3.1

During the past years, EOG Resources's highest Cyclically Adjusted PB Ratio was 6.37. The lowest was 1.14. And the median was 3.54.

WBO:EOGR's Cyclically Adjusted PB Ratio is ranked worse than
87.8% of 820 companies
in the Oil & Gas industry
Industry Median: 0.98 vs WBO:EOGR: 3.10

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.

EOG Resources's adjusted book value per share data for the three months ended in Mar. 2024 was €45.847. 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 €36.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


EOG Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for EOG Resources'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.

EOG Resources Cyclically Adjusted PB Ratio Chart

EOG Resources 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 2.90 1.64 2.65 3.55 3.12

EOG Resources 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 3.07 3.01 3.28 3.12 3.22

Competitive Comparison of EOG Resources's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, EOG Resources'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.


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

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

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



EOG Resources 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.

EOG Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=114.32/36.67
=3.12

* 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.

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

For example, EOG Resources'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)
=45.847/131.7762*131.7762
=45.847

Current CPI (Mar. 2024) = 131.7762.

EOG Resources Quarterly Data

Book Value per Share CPI Adj_Book
201406 22.464 100.560 29.438
201409 25.097 100.428 32.931
201412 26.199 99.070 34.848
201503 29.413 99.621 38.907
201506 28.276 100.684 37.008
201509 21.533 100.392 28.265
201512 21.609 99.792 28.535
201603 20.248 100.470 26.557
201606 19.488 101.688 25.254
201609 19.071 101.861 24.672
201612 22.983 101.863 29.732
201703 22.560 102.862 28.901
201706 21.428 103.349 27.322
201709 20.204 104.136 25.567
201712 23.786 104.011 30.136
201803 23.596 105.290 29.532
201806 25.793 106.317 31.970
201809 27.400 106.507 33.901
201812 29.346 105.998 36.483
201903 30.354 107.251 37.295
201906 31.445 108.070 38.343
201909 32.969 108.329 40.105
201912 33.470 108.420 40.680
202003 33.384 108.902 40.396
202006 31.094 108.767 37.672
202009 29.324 109.815 35.188
202012 28.597 109.897 34.290
202103 29.883 111.754 35.237
202106 29.684 114.631 34.124
202109 31.625 115.734 36.009
202112 33.539 117.630 37.573
202203 33.396 121.301 36.280
202206 36.016 125.017 37.963
202209 41.018 125.227 43.163
202212 39.802 125.222 41.885
202303 40.639 127.348 42.052
202306 41.625 128.729 42.610
202309 44.609 129.860 45.267
202312 44.346 129.419 45.154
202403 45.847 131.776 45.847

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.


EOG Resources  (WBO:EOGR) 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.


EOG Resources Cyclically Adjusted PB Ratio Related Terms

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


EOG Resources (WBO:EOGR) Business Description

Industry
Traded in Other Exchanges
Address
1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

EOG Resources (WBO:EOGR) Headlines

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