BHP Group (BHP Group) Cyclically Adjusted PB Ratio : (As of Apr. 28, 2024)

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What is BHP Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

BHP Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BHP Group'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.

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BHP Group Cyclically Adjusted PB Ratio Chart

BHP Group Annual Data

Trend

Jun12

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Jun18

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Jun20

Jun21

Cyclically Adjusted PB Ratio

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BHP Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
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Competitive Comparison of BHP Group's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, BHP Group'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.

BHP Group's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, BHP Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

BHP Group 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.

BHP Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun21 is calculated as:

For example, BHP Group's adjusted Book Value per Share data for the fiscal year that ended in Jun21 was:

Adj_Book	=	Book Value per Share	/	CPI of Jun21 (Change)	*	Current CPI (Jun21)
	=	20.271	/	111.4000	*	111.4000
	=	20.271

Current CPI (Jun21) = 111.4000.

BHP Group Annual Data

	Book Value per Share	CPI	Adj_Book
201206	62.375	95.600	72.684
201306	26.554	98.000	30.185
201406	29.747	99.800	33.205
201506	24.343	100.100	27.091
201606	20.400	101.000	22.501
201706	21.511	103.500	23.153
201806	20.885	105.900	21.970
201906	18.684	107.900	19.290
202006	18.928	108.800	19.380
202106	20.271	111.400	20.271

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.

BHP Group (NYSE:BBL) 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.

BHP Group Cyclically Adjusted PB Ratio Related Terms

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BHP Group (BHP Group) Business Description

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Traded in Other Exchanges

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Address

160 Victoria Street, Nova South, London, GBR, SW1E 5LB

Website

https://www.bhp.com

BHP is a leading global diversified miner supplying iron ore, copper, oil, gas, and metallurgical. The merger of BHP Limited (now BHP Ltd.) and Billiton PLC (now BHP PLC) created the present-day BHP. Shareholders in each company have equivalent economic and voting rights in BHP as a whole and in 2022 voted to reunify the dual listed structure. Major assets include Pilbara iron ore, Queensland coking coal, Escondida copper and conventional petroleum assets, principally in Australia and the Gulf of Mexico. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets are likely to be spun off and merged with Woodside.