GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CF Industries Holdings Inc (NYSE:CF) » Definitions » Cyclically Adjusted PB Ratio

CF Industries Holdings (CF Industries Holdings) Cyclically Adjusted PB Ratio : 3.92 (As of Apr. 27, 2024)


View and export this data going back to 2005. Start your Free Trial

What is CF Industries Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-27), CF Industries Holdings's current share price is $80.00. CF Industries Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.41. CF Industries Holdings's Cyclically Adjusted PB Ratio for today is 3.92.

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

CF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 3.05   Max: 6.26
Current: 3.92

During the past years, CF Industries Holdings's highest Cyclically Adjusted PB Ratio was 6.26. The lowest was 1.35. And the median was 3.05.

CF's Cyclically Adjusted PB Ratio is ranked worse than
83.44% of 163 companies
in the Agriculture industry
Industry Median: 1.37 vs CF: 3.92

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.

CF Industries Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was $30.379. 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 $20.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CF Industries Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CF Industries Holdings'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.

CF Industries Holdings Cyclically Adjusted PB Ratio Chart

CF Industries Holdings 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 2.30 3.95 4.45 3.90

CF Industries Holdings 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 4.45 3.70 3.48 4.22 3.90

Competitive Comparison of CF Industries Holdings's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, CF Industries Holdings'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.


CF Industries Holdings's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CF Industries Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CF Industries Holdings's Cyclically Adjusted PB Ratio falls into.



CF Industries Holdings 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.

CF Industries Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=80.00/20.41
=3.92

* 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.

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

For example, CF Industries Holdings'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)
=30.379/129.4194*129.4194
=30.379

Current CPI (Dec. 2023) = 129.4194.

CF Industries Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.744 99.695 24.333
201406 18.048 100.560 23.228
201409 18.086 100.428 23.307
201412 17.419 99.070 22.755
201503 17.081 99.621 22.190
201506 17.634 100.684 22.667
201509 17.643 100.392 22.744
201512 17.312 99.792 22.452
201603 17.342 100.470 22.339
201606 17.089 101.688 21.749
201609 16.558 101.861 21.038
201612 14.362 101.863 18.247
201703 14.062 102.862 17.693
201706 14.020 103.349 17.557
201709 13.577 104.136 16.873
201712 15.342 104.011 19.090
201803 15.401 105.290 18.931
201806 15.231 106.317 18.541
201809 14.820 106.507 18.008
201812 13.275 105.998 16.208
201903 13.339 107.251 16.096
201906 14.005 108.070 16.772
201909 13.680 108.329 16.343
201912 13.411 108.420 16.009
202003 12.760 108.902 15.164
202006 13.433 108.767 15.984
202009 13.211 109.815 15.569
202012 13.657 109.897 16.083
202103 14.121 111.754 16.353
202106 15.091 114.631 17.038
202109 13.716 115.734 15.338
202112 15.445 117.630 16.993
202203 19.148 121.301 20.430
202206 22.523 125.017 23.316
202209 22.473 125.227 23.225
202212 25.823 125.222 26.689
202303 27.976 127.348 28.431
202306 30.083 128.729 30.244
202309 29.955 129.860 29.853
202312 30.379 129.419 30.379

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.


CF Industries Holdings  (NYSE:CF) 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.


CF Industries Holdings Cyclically Adjusted PB Ratio Related Terms

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


CF Industries Holdings (CF Industries Holdings) Business Description

Traded in Other Exchanges
Address
4 Parkway North, Suite 400, Deerfield, IL, USA, 60015
CF Industries is a leading producer and distributor of nitrogen, which is primarily used in fertilizers. The company operates nitrogen manufacturing plants primarily in North America. CF also produces nitrogen in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago. CF makes nitrogen primarily using low-cost U.S. natural gas as its feedstock, making CF one of the lowest-cost nitrogen producers globally. The company is also investing in carbon-free blue and green ammonia, which can be used an alternative fuel to hydrogen or as a means to transport hydrogen.
Executives
Bert A Frost officer: VP, Sales and Mkt Development C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Susan A Ellerbusch director C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Douglas C Barnard officer: VP, General Counsel, Secretary C/O CF INDUSTRIES, INC., ONE SALEM LAKE DRIVE, LONG GROVE IL 60047
Michael Patrick Mcgrane officer: VP, Gen. Counsel & Secretary C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, DEERFIELD IL 60015
Anne P Noonan director 25435 HARVARD RD, BEACHWOOD OH 44122
Christopher D Bohn officer: VP, Supply Chain C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
W Anthony Will officer: VP, Corporate Development C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Richard A Hoker officer: VP and Corporate Controller C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Ashraf K Malik officer: Sr. VP, Manufacturing & D'istn C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Stephen A Furbacher director 1000 LOUISIANA ST, STE 5800, HOUSTON TX 77002
Susan L Menzel officer: Sr. VP, Human Resources C/O CF INDUSTRIES HOLDINGS, INC., FOUR PARKWAY NORTH, DEERFIELD IL 60015
Robert C Arzbaecher director ACTUANT CORP, 13000 WEST SILVER SPRING DRIVE, BUTLER WI 53007
Yris Jesus Madrazo director C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, DEERFIELD IL 60015
Deborah L Dehaas director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
David P Hopkins officer: Managing Dir. CF Fert. UK C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015