GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » Cyclically Adjusted Book per Share

CQP (Cheniere Energy Partners LP) Cyclically Adjusted Book per Share : $0.33 (As of Mar. 2025)


View and export this data going back to 2007. Start your Free Trial

What is Cheniere Energy Partners LP 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.

Cheniere Energy Partners LP's adjusted book value per share for the three months ended in Mar. 2025 was $-0.785. 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 $0.33 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Cheniere Energy Partners LP's average Cyclically Adjusted Book Growth Rate was -62.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -43.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -17.70% 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 Cheniere Energy Partners LP was 209.90% per year. The lowest was -43.50% per year. And the median was 33.80% per year.

As of today (2025-05-14), Cheniere Energy Partners LP's current stock price is $59.54. Cheniere Energy Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $0.33. Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio of today is 180.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cheniere Energy Partners LP was 810.00. The lowest was 17.06. And the median was 45.24.


Cheniere Energy Partners LP Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cheniere Energy Partners LP'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.

Cheniere Energy Partners LP Cyclically Adjusted Book per Share Chart

Cheniere Energy Partners LP 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 1.73 2.39 1.87 1.06 0.43

Cheniere Energy Partners LP 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 0.88 0.72 0.57 0.43 0.33

Competitive Comparison of Cheniere Energy Partners LP's Cyclically Adjusted Book per Share

For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP'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.


Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio falls into.


;
;

Cheniere Energy Partners LP 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, Cheniere Energy Partners LP'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)
=-0.785/134.9266*134.9266
=-0.785

Current CPI (Mar. 2025) = 134.9266.

Cheniere Energy Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.494 100.684 3.342
201509 2.350 100.392 3.158
201512 2.111 99.792 2.854
201603 1.815 100.470 2.437
201606 1.446 101.688 1.919
201609 1.132 101.861 1.499
201612 1.311 101.863 1.737
201703 1.377 102.862 1.806
201706 1.439 103.349 1.879
201709 1.002 104.136 1.298
201712 1.320 104.011 1.712
201803 1.498 105.290 1.920
201806 1.504 106.317 1.909
201809 1.545 106.507 1.957
201812 1.653 105.998 2.104
201903 1.820 107.251 2.290
201906 1.655 108.070 2.066
201909 1.223 108.329 1.523
201912 1.477 108.420 1.838
202003 1.694 108.902 2.099
202006 1.835 108.767 2.276
202009 0.988 109.815 1.214
202012 1.114 109.897 1.368
202103 1.105 111.754 1.334
202106 1.180 114.631 1.389
202109 1.217 115.734 1.419
202112 1.483 117.630 1.701
202203 -4.607 121.301 -5.124
202206 -5.424 125.017 -5.854
202209 -8.025 125.227 -8.647
202212 -4.403 125.222 -4.744
202303 -1.963 127.348 -2.080
202306 -2.161 128.729 -2.265
202309 -2.010 129.860 -2.088
202312 -1.620 129.419 -1.689
202403 -1.698 131.776 -1.739
202406 -1.562 132.554 -1.590
202409 -1.293 133.029 -1.311
202412 -1.052 133.157 -1.066
202503 -0.785 134.927 -0.785

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


Cheniere Energy Partners LP  (NYSE:CQP) 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.

Cheniere Energy Partners LP's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=59.54/0.33
=180.42

* 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 Cheniere Energy Partners LP was 810.00. The lowest was 17.06. And the median was 45.24.


Be Aware

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


Cheniere Energy Partners LP Cyclically Adjusted Book per Share Related Terms

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


Cheniere Energy Partners LP Business Description

Industry
Traded in Other Exchanges
N/A
Address
845 Texas Avenue, Suite 1250, Houston, TX, USA, 77002
Cheniere Energy Partners is a liquified natural gas producer operating one facility in Sabine Pass, Louisiana. It generates most of its revenue through long-term contracts with customers on a fixed- and variable-fee payout structure. It also generates revenue by selling uncontracted LNG to customers on a short or one-time basis. The revenue generated through those activities is split with parent and operator Cheniere Energy.
Executives
Taylor Johnson director, other: Deputy GC and Asst. Sec. 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey director, officer: EVP, Worldwide Trading 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker director 700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt director, officer: SVP, Corp. Dev. and Strategy 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball director 4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack officer: VP & Chief Accounting Officer 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle director 345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust 10 percent owner 181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154