GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gibson Energy Inc (STU:8GB) » Definitions » Cyclically Adjusted Book per Share

Gibson Energy (STU:8GB) Cyclically Adjusted Book per Share : €5.30 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Gibson 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.

Gibson Energy's adjusted book value per share for the three months ended in Mar. 2024 was €3.921. 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 €5.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gibson Energy's average Cyclically Adjusted Book Growth Rate was -7.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.80% 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 Gibson Energy was -3.80% per year. The lowest was -3.80% per year. And the median was -3.80% per year.

As of today (2024-06-07), Gibson Energy's current stock price is €15.40. Gibson Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.30. Gibson Energy's Cyclically Adjusted PB Ratio of today is 2.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gibson Energy was 3.07. The lowest was 1.74. And the median was 2.59.


Gibson Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gibson 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.

Gibson Energy Cyclically Adjusted Book per Share Chart

Gibson 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 - - - - 5.35

Gibson 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 - 5.69 5.66 5.35 5.30

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

For the Oil & Gas Midstream subindustry, Gibson 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.


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

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

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



Gibson 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, Gibson 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)
=3.921/126.2576*126.2576
=3.921

Current CPI (Mar. 2024) = 126.2576.

Gibson Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.672 99.473 9.738
201409 8.027 99.394 10.196
201412 8.062 98.367 10.348
201503 8.447 99.789 10.687
201506 8.033 100.500 10.092
201509 7.391 100.421 9.293
201512 6.194 99.947 7.825
201603 6.095 101.054 7.615
201606 5.820 102.002 7.204
201609 5.396 101.765 6.695
201612 5.301 101.449 6.597
201703 5.656 102.634 6.958
201706 5.156 103.029 6.318
201709 4.947 103.345 6.044
201712 4.208 103.345 5.141
201803 3.786 105.004 4.552
201806 3.744 105.557 4.478
201809 3.575 105.636 4.273
201812 3.431 105.399 4.110
201903 3.536 106.979 4.173
201906 3.509 107.690 4.114
201909 3.640 107.611 4.271
201912 3.568 107.769 4.180
202003 3.463 107.927 4.051
202006 3.456 108.401 4.025
202009 3.246 108.164 3.789
202012 2.996 108.559 3.484
202103 3.041 110.298 3.481
202106 3.005 111.720 3.396
202109 2.952 112.905 3.301
202112 3.037 113.774 3.370
202203 3.111 117.646 3.339
202206 3.046 120.806 3.183
202209 3.225 120.648 3.375
202212 2.785 120.964 2.907
202303 2.791 122.702 2.872
202306 2.727 124.203 2.772
202309 4.107 125.230 4.141
202312 3.858 125.072 3.895
202403 3.921 126.258 3.921

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


Gibson Energy  (STU:8GB) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.40/5.3
=2.91

* 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 Gibson Energy was 3.07. The lowest was 1.74. And the median was 2.59.


Be Aware

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


Gibson Energy Cyclically Adjusted Book per Share Related Terms

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


Gibson Energy (STU:8GB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gibson Energy Inc (STU:8GB) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
440 - 2nd Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 5E9
Gibson Energy Inc. is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc. services Canada and the United States, and the majority of revenue comes from the marketing segment.

Gibson Energy (STU:8GB) Headlines

No Headlines