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Occidental Petroleum (BSP:OXYP34) Cyclically Adjusted Book per Share : R$28.14 (As of Mar. 2025)


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What is Occidental Petroleum Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Occidental Petroleum's adjusted book value per share for the three months ended in Mar. 2025 was R$26.920. 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 R$28.14 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Occidental Petroleum's average Cyclically Adjusted Book Growth Rate was -9.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -8.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -6.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Occidental Petroleum was 21.10% per year. The lowest was -8.00% per year. And the median was 3.30% per year.

As of today (2025-05-31), Occidental Petroleum's current stock price is R$38.92. Occidental Petroleum's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$28.14. Occidental Petroleum's Cyclically Adjusted PB Ratio of today is 1.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Occidental Petroleum was 2.12. The lowest was 0.22. And the median was 1.59.


Occidental Petroleum Cyclically Adjusted Book per Share Historical Data

The historical data trend for Occidental Petroleum's Cyclically Adjusted Book per Share 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.

Occidental Petroleum Cyclically Adjusted Book per Share Chart

Occidental Petroleum Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.70 35.46 31.60 26.94 30.28

Occidental Petroleum Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 27.30 29.49 27.75 30.28 28.14

Competitive Comparison of Occidental Petroleum's Cyclically Adjusted Book per Share

For the Oil & Gas E&P subindustry, Occidental Petroleum'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.


Occidental Petroleum's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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


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Occidental Petroleum Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Occidental Petroleum's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=26.92/134.9266*134.9266
=26.920

Current CPI (Mar. 2025) = 134.9266.

Occidental Petroleum Quarterly Data

Book Value per Share CPI Adj_Book
201506 22.607 100.684 30.296
201509 25.453 100.392 34.209
201512 20.623 99.792 27.884
201603 19.198 100.470 25.782
201606 17.254 101.688 22.894
201609 15.819 101.861 20.954
201612 15.724 101.863 20.828
201703 14.371 102.862 18.851
201706 15.112 103.349 19.729
201709 14.101 104.136 18.270
201712 14.766 104.011 19.155
201803 14.788 105.290 18.951
201806 17.203 106.317 21.832
201809 19.490 106.507 24.691
201812 18.422 105.998 23.450
201903 18.176 107.251 22.866
201906 18.332 108.070 22.888
201909 20.227 108.329 25.193
201912 18.722 108.420 23.299
202003 19.484 108.902 24.140
202006 12.793 108.767 15.870
202009 9.760 109.815 11.992
202012 8.110 109.897 9.957
202103 8.591 111.754 10.372
202106 7.613 114.631 8.961
202109 8.583 115.734 10.006
202112 10.660 117.630 12.228
202203 13.403 121.301 14.909
202206 16.318 125.017 17.611
202209 18.228 125.227 19.640
202212 19.744 125.222 21.274
202303 19.892 127.348 21.076
202306 18.736 128.729 19.638
202309 19.658 129.860 20.425
202312 20.394 129.419 21.262
202403 21.082 131.776 21.586
202406 23.559 132.554 23.981
202409 25.959 133.029 26.329
202412 28.033 133.157 28.406
202503 26.920 134.927 26.920

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Occidental Petroleum  (BSP:OXYP34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Occidental Petroleum's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.92/28.14
=1.38

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Occidental Petroleum was 2.12. The lowest was 0.22. And the median was 1.59.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Occidental Petroleum Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Occidental Petroleum's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Occidental Petroleum Business Description

Industry
Address
5 Greenway Plaza, Suite 110, Houston, TX, USA, 77046
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,327 thousand barrels of oil equivalent per day in 2024 at a ratio of roughly 52% oil and natural gas liquids and 48% natural gas.

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