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Refinaria De Petroleos Manguinhos (BSP:RPMG3) Cyclically Adjusted Book per Share : R$-51.47 (As of Sep. 2024)


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What is Refinaria De Petroleos Manguinhos 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.

Refinaria De Petroleos Manguinhos's adjusted book value per share for the three months ended in Sep. 2024 was R$-90.820. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$-51.47 for the trailing ten years ended in Sep. 2024.

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.

As of today (2024-12-15), Refinaria De Petroleos Manguinhos's current stock price is R$2.56. Refinaria De Petroleos Manguinhos's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was R$-51.47. Refinaria De Petroleos Manguinhos's Cyclically Adjusted PB Ratio of today is .


Refinaria De Petroleos Manguinhos Cyclically Adjusted Book per Share Historical Data

The historical data trend for Refinaria De Petroleos Manguinhos'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.

Refinaria De Petroleos Manguinhos Cyclically Adjusted Book per Share Chart

Refinaria De Petroleos Manguinhos Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -34.88 -38.02 -45.45

Refinaria De Petroleos Manguinhos Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24
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 -40.88 -42.99 -45.45 -48.69 -51.47

Competitive Comparison of Refinaria De Petroleos Manguinhos's Cyclically Adjusted Book per Share

For the Oil & Gas Refining & Marketing subindustry, Refinaria De Petroleos Manguinhos'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.


Refinaria De Petroleos Manguinhos's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Refinaria De Petroleos Manguinhos's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Refinaria De Petroleos Manguinhos's Cyclically Adjusted PB Ratio falls into.



Refinaria De Petroleos Manguinhos 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, Refinaria De Petroleos Manguinhos's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-90.82/162.3424*162.3424
=-90.820

Current CPI (Sep. 2024) = 162.3424.

Refinaria De Petroleos Manguinhos Quarterly Data

Book Value per Share CPI Adj_Book
201112 -5.356 78.971 -11.010
201203 -6.608 79.938 -13.420
201212 -13.372 83.581 -25.973
201312 -23.591 88.522 -43.264
201403 0.000 90.447 0.000
201406 0.000 91.838 0.000
201409 0.000 92.602 0.000
201412 -16.347 94.194 -28.174
201503 -17.579 97.799 -29.180
201506 -18.891 100.006 -30.666
201509 -20.966 101.392 -33.569
201512 -23.237 104.247 -36.187
201603 -25.035 106.979 -37.991
201606 -26.455 108.851 -39.456
201612 -31.585 110.802 -46.277
201712 -1.710 114.068 -2.434
201809 0.000 117.881 0.000
201812 -37.691 118.340 -51.706
201903 0.000 120.124 0.000
201906 0.000 120.977 0.000
201909 -40.287 121.292 -53.922
201912 -41.065 123.436 -54.008
202003 -42.480 124.092 -55.574
202006 -43.892 123.557 -57.670
202009 -45.460 125.095 -58.996
202012 -47.166 129.012 -59.351
202103 -47.354 131.660 -58.389
202106 -48.073 133.871 -58.297
202109 -49.093 137.913 -57.789
202112 -52.511 141.992 -60.037
202203 -54.685 146.537 -60.583
202206 -56.959 149.784 -61.735
202209 -62.540 147.800 -68.694
202212 -66.338 150.207 -71.698
202303 -67.557 153.352 -71.517
202306 -70.398 154.519 -73.962
202309 -74.735 155.464 -78.042
202312 -80.803 157.148 -83.474
202406 -85.319 161.052 -86.003
202409 -90.820 162.342 -90.820

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


Refinaria De Petroleos Manguinhos  (BSP:RPMG3) 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.


Be Aware

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


Refinaria De Petroleos Manguinhos Cyclically Adjusted Book per Share Related Terms

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


Refinaria De Petroleos Manguinhos Business Description

Traded in Other Exchanges
N/A
Address
Avenida Brasil, 3141, Manguinhos, Rio de Janeiro, RJ, BRA, 20930041
Refinaria De Petroleos Manguinhos SA is engaged in the operation of the oil refinery, import, sale and export of crude oil and its derivatives, and provision of services related to the refining activity, among others.

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