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Seplat Energy (NSA:SEPLAT) Cyclically Adjusted Book per Share : ₦4,915.11 (As of Mar. 2024)


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What is Seplat 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.

Seplat Energy's adjusted book value per share for the three months ended in Mar. 2024 was ₦4,486.897. 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 ₦4,915.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Seplat Energy's average Cyclically Adjusted Book Growth Rate was 3.90% 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.

As of today (2024-06-18), Seplat Energy's current stock price is ₦3450.00. Seplat Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₦4,915.11. Seplat Energy's Cyclically Adjusted PB Ratio of today is 0.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Seplat Energy was 0.71. The lowest was 0.24. And the median was 0.36.


Seplat Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for Seplat 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.

Seplat Energy Cyclically Adjusted Book per Share Chart

Seplat 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 - - - 4,545.96 4,837.95

Seplat Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4,731.46 4,774.62 4,807.00 4,837.95 4,915.11

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

For the Oil & Gas E&P subindustry, Seplat 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.


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

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

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



Seplat 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, Seplat Energy's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4486.897/131.7762*131.7762
=4,486.897

Current CPI (Mar. 2024) = 131.7762.

Seplat Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 3,637.023 100.560 4,766.065
201409 3,831.483 100.428 5,027.475
201412 3,807.390 99.070 5,064.347
201503 3,870.350 99.621 5,119.598
201506 3,764.067 100.684 4,926.452
201509 3,840.953 100.392 5,041.724
201512 3,770.515 99.792 4,978.978
201603 3,722.452 100.470 4,882.339
201606 3,548.159 101.688 4,598.010
201609 3,460.344 101.861 4,476.600
201612 3,274.236 101.863 4,235.764
201703 3,226.941 102.862 4,134.016
201706 3,208.168 103.349 4,090.603
201709 3,270.832 104.136 4,139.005
201712 3,988.197 104.011 5,052.821
201803 3,861.184 105.290 4,832.506
201806 3,865.922 106.317 4,791.684
201809 3,981.491 106.507 4,926.129
201812 4,209.912 105.998 5,233.747
201903 4,302.739 107.251 5,286.676
201906 4,469.265 108.070 5,449.667
201909 4,642.638 108.329 5,647.490
201912 4,748.995 108.420 5,772.034
202003 4,477.203 108.902 5,417.637
202006 4,409.836 108.767 5,342.703
202009 4,477.855 109.815 5,373.357
202012 4,363.511 109.897 5,232.244
202103 4,453.950 111.754 5,251.915
202106 4,349.680 114.631 5,000.238
202109 4,340.553 115.734 4,942.196
202112 4,521.302 117.630 5,065.056
202203 4,567.267 121.301 4,961.683
202206 4,653.294 125.017 4,904.888
202209 4,607.942 125.227 4,848.950
202212 4,513.080 125.222 4,749.305
202303 4,664.075 127.348 4,826.264
202306 4,471.994 128.729 4,577.863
202309 4,442.142 129.860 4,507.707
202312 4,493.777 129.419 4,575.611
202403 4,486.897 131.776 4,486.897

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


Seplat Energy  (NSA:SEPLAT) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3450.00/4915.11
=0.70

* 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 Seplat Energy was 0.71. The lowest was 0.24. And the median was 0.36.


Be Aware

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


Seplat Energy Cyclically Adjusted Book per Share Related Terms

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


Seplat Energy (NSA:SEPLAT) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seplat Energy PLC (NSA:SEPLAT) » Definitions » Cyclically Adjusted Book per Share
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Address
16A Temple Road (Olu Holloway), Ikoyi, Lagos, NGA
Seplat Energy PLC formerly SEPLAT Petroleum Development Company PLC is a Nigerian independent upstream oil and gas company which focuses on production and development opportunities in Nigeria. The company has two reportable segments namely Oil and Gas. Geographically, it derives a majority of revenue from Switzerland. The company's exploration assets include OMLs 4, 38 and 41 which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.

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