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Callon Petroleum Co (STU:CE51) Cyclically Adjusted Book per Share : €72.69 (As of Dec. 2023)


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What is Callon Petroleum Co 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.

Callon Petroleum Co's adjusted book value per share for the three months ended in Dec. 2023 was €55.060. 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 €72.69 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.80% 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 Callon Petroleum Co was 14.70% per year. The lowest was -11.10% per year. And the median was -6.50% per year.

As of today (2024-05-20), Callon Petroleum Co's current stock price is €32.90. Callon Petroleum Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €72.69. Callon Petroleum Co's Cyclically Adjusted PB Ratio of today is 0.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Callon Petroleum Co was 2.97. The lowest was 0.06. And the median was 0.84.


Callon Petroleum Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Callon Petroleum Co'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.

Callon Petroleum Co Cyclically Adjusted Book per Share Chart

Callon Petroleum Co 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 59.02 58.06 71.86 70.78 72.69

Callon Petroleum Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 70.78 73.75 73.64 76.46 72.69

Competitive Comparison of Callon Petroleum Co's Cyclically Adjusted Book per Share

For the Oil & Gas E&P subindustry, Callon Petroleum Co'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.


Callon Petroleum Co's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Callon Petroleum Co's Cyclically Adjusted PB Ratio falls into.



Callon Petroleum Co 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, Callon Petroleum Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=55.06/129.4194*129.4194
=55.060

Current CPI (Dec. 2023) = 129.4194.

Callon Petroleum Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 50.252 99.695 65.235
201406 50.992 100.560 65.626
201409 58.424 100.428 75.290
201412 63.693 99.070 83.205
201503 68.399 99.621 88.858
201506 64.635 100.684 83.082
201509 49.345 100.392 63.613
201512 41.579 99.792 53.923
201603 38.831 100.470 50.020
201606 44.693 101.688 56.881
201609 60.901 101.861 77.378
201612 81.737 101.863 103.849
201703 82.779 102.862 104.151
201706 80.083 103.349 100.284
201709 76.192 104.136 94.691
201712 77.701 104.011 96.682
201803 76.749 105.290 94.338
201806 84.641 106.317 103.033
201809 86.175 106.507 104.714
201812 94.441 105.998 115.309
201903 94.309 107.251 113.803
201906 96.301 108.070 115.326
201909 98.153 108.329 117.262
201912 73.146 108.420 87.313
202003 78.536 108.902 93.333
202006 42.040 108.767 50.022
202009 25.718 109.815 30.309
202012 14.700 109.897 17.311
202103 13.977 111.754 16.186
202106 13.579 114.631 15.331
202109 17.133 115.734 19.159
202112 26.905 117.630 29.602
202203 28.270 121.301 30.162
202206 34.632 125.017 35.852
202209 46.051 125.227 47.593
202212 52.481 125.222 54.240
202303 55.316 127.348 56.216
202306 52.835 128.729 53.118
202309 53.383 129.860 53.202
202312 55.060 129.419 55.060

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


Callon Petroleum Co  (STU:CE51) 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.

Callon Petroleum Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.90/72.69
=0.45

* 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 Callon Petroleum Co was 2.97. The lowest was 0.06. And the median was 0.84.


Be Aware

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


Callon Petroleum Co Cyclically Adjusted Book per Share Related Terms

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


Callon Petroleum Co (STU:CE51) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Callon Petroleum Co (STU:CE51) » Definitions » Cyclically Adjusted Book per Share
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Address
2000 W. Sam Houston Parkway South, Suite 2000, One Briarlake Plaza, Houston, TX, USA, 77042
Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas. Activities are primarily conducted in the Permian Basin region of West Texas and southeastern New Mexico. Callon relies heavily on the latest horizontal production techniques to extract hydrocarbon products from its assets, with crude oil accounting for over half of production. Historically, a handful of marketing and trading companies have accounted for the majority of the sales for Callon's oil and gas production. Assets are acquired through the drilling of emerging zones on existing acreage but also by acquiring additional locations through leasehold purchases, leasing programs, joint ventures, and asset swaps.

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