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Canadian Utilities (Canadian Utilities) Cyclically Adjusted PB Ratio : 1.52 (As of May. 16, 2024)


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What is Canadian Utilities Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Canadian Utilities's current share price is $23.51. Canadian Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.49. Canadian Utilities's Cyclically Adjusted PB Ratio for today is 1.52.

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

CDUAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 2.21   Max: 3.37
Current: 1.51

During the past years, Canadian Utilities's highest Cyclically Adjusted PB Ratio was 3.37. The lowest was 1.35. And the median was 2.21.

CDUAF's Cyclically Adjusted PB Ratio is ranked worse than
51.68% of 447 companies
in the Utilities - Regulated industry
Industry Median: 1.44 vs CDUAF: 1.51

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.

Canadian Utilities's adjusted book value per share data for the three months ended in Mar. 2024 was $14.858. 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 $15.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Utilities Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Canadian Utilities'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.

Canadian Utilities Cyclically Adjusted PB Ratio Chart

Canadian Utilities 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 2.27 1.75 1.92 1.79 1.50

Canadian Utilities 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 1.81 1.63 1.35 1.50 1.46

Competitive Comparison of Canadian Utilities's Cyclically Adjusted PB Ratio

For the Utilities - Diversified subindustry, Canadian Utilities'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.


Canadian Utilities's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Canadian Utilities's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Canadian Utilities 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.

Canadian Utilities's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.51/15.49
=1.52

* 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.

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

For example, Canadian Utilities'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)
=14.858/125.4675*125.4675
=14.858

Current CPI (Mar. 2024) = 125.4675.

Canadian Utilities Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.945 99.473 18.850
201409 15.247 99.394 19.247
201412 14.760 98.367 18.826
201503 13.775 99.789 17.320
201506 13.995 100.500 17.472
201509 13.105 100.421 16.374
201512 12.358 99.947 15.513
201603 13.336 101.054 16.558
201606 13.533 102.002 16.646
201609 13.313 101.765 16.414
201612 12.799 101.449 15.829
201703 13.477 102.634 16.475
201706 13.424 103.029 16.348
201709 14.605 103.345 17.731
201712 13.490 103.345 16.378
201803 13.496 105.004 16.126
201806 13.050 105.557 15.512
201809 13.409 105.636 15.926
201812 13.330 105.399 15.868
201903 13.403 106.979 15.719
201906 13.788 107.690 16.064
201909 14.378 107.611 16.764
201912 14.593 107.769 16.990
202003 14.169 107.927 16.472
202006 13.988 108.401 16.190
202009 14.212 108.164 16.486
202012 14.701 108.559 16.991
202103 15.324 110.298 17.432
202106 15.325 111.720 17.211
202109 14.744 112.905 16.385
202112 14.688 113.774 16.198
202203 15.267 117.646 16.282
202206 15.135 120.806 15.719
202209 14.538 120.648 15.119
202212 14.476 120.964 15.015
202303 14.572 122.702 14.900
202306 14.981 124.203 15.133
202309 14.219 125.230 14.246
202312 14.782 125.468 14.782
202403 14.858 125.468 14.858

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.


Canadian Utilities  (OTCPK:CDUAF) 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.


Canadian Utilities Cyclically Adjusted PB Ratio Related Terms

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


Canadian Utilities (Canadian Utilities) Business Description

Address
5302 Forand Street S.W., 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4
Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company's main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.

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