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CVR Energy (FRA:FL9) Cyclically Adjusted Book per Share : €10.59 (As of Sep. 2024)


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What is CVR Energy 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.

CVR Energy's adjusted book value per share for the three months ended in Sep. 2024 was €6.050. 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 €10.59 for the trailing ten years ended in Sep. 2024.

During the past 12 months, CVR Energy's average Cyclically Adjusted Book Growth Rate was -5.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.20% 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 CVR Energy was 6.30% per year. The lowest was -2.70% per year. And the median was 4.30% per year.

As of today (2024-12-12), CVR Energy's current stock price is €18.665. CVR Energy's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €10.59. CVR Energy's Cyclically Adjusted PB Ratio of today is 1.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CVR Energy was 4.20. The lowest was 0.70. And the median was 2.18.


CVR Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for CVR Energy'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.

CVR Energy Cyclically Adjusted Book per Share Chart

CVR Energy 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 11.41 10.81 11.80 12.04 11.16

CVR Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 11.87 11.16 11.35 11.20 10.59

Competitive Comparison of CVR Energy's Cyclically Adjusted Book per Share

For the Oil & Gas Refining & Marketing subindustry, CVR Energy'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.


CVR Energy's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



CVR Energy 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, CVR Energy'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)
=6.05/133.0289*133.0289
=6.050

Current CPI (Sep. 2024) = 133.0289.

CVR Energy Quarterly Data

Book Value per Share CPI Adj_Book
201412 9.229 99.070 12.393
201503 10.636 99.621 14.203
201506 10.856 100.684 14.344
201509 11.005 100.392 14.583
201512 10.404 99.792 13.869
201603 9.561 100.470 12.659
201606 9.560 101.688 12.506
201609 9.178 101.861 11.986
201612 9.369 101.863 12.236
201703 9.012 102.862 11.655
201706 8.026 103.349 10.331
201709 7.361 104.136 9.403
201712 8.943 104.011 11.438
201803 8.795 105.290 11.112
201806 8.705 106.317 10.892
201809 10.562 106.507 13.192
201812 11.244 105.998 14.111
201903 11.823 107.251 14.665
201906 12.184 108.070 14.998
201909 12.907 108.329 15.850
201912 12.471 108.420 15.302
202003 11.028 108.902 13.471
202006 10.423 108.767 12.748
202009 9.155 109.815 11.090
202012 8.332 109.897 10.086
202103 8.197 111.754 9.757
202106 3.988 114.631 4.628
202109 4.794 115.734 5.510
202112 4.868 117.630 5.505
202203 5.817 121.301 6.379
202206 7.236 125.017 7.700
202209 5.626 125.227 5.977
202212 4.986 125.222 5.297
202303 6.271 127.348 6.551
202306 6.932 128.729 7.164
202309 8.920 129.860 9.138
202312 7.726 129.419 7.941
202403 8.044 131.776 8.120
202406 7.846 132.554 7.874
202409 6.050 133.029 6.050

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


CVR Energy  (FRA:FL9) 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.

CVR Energy's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.665/10.59
=1.76

* 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 CVR Energy was 4.20. The lowest was 0.70. And the median was 2.18.


Be Aware

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


CVR Energy Cyclically Adjusted Book per Share Related Terms

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


CVR Energy Business Description

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Address
2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its subsidiaries. subsidiaries include several complex full-coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies products through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.

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