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Tethys Oil AB (STU:TZB0) Cyclically Adjusted Book per Share : €6.84 (As of Mar. 2024)


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What is Tethys Oil AB 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.

Tethys Oil AB's adjusted book value per share for the three months ended in Mar. 2024 was €7.421. 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 €6.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tethys Oil AB's average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.40% 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 Tethys Oil AB was 17.80% per year. The lowest was 16.70% per year. And the median was 16.90% per year.

As of today (2024-06-18), Tethys Oil AB's current stock price is €2.945. Tethys Oil AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.84. Tethys Oil AB's Cyclically Adjusted PB Ratio of today is 0.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tethys Oil AB was 3.34. The lowest was 0.40. And the median was 1.14.


Tethys Oil AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tethys Oil AB'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.

Tethys Oil AB Cyclically Adjusted Book per Share Chart

Tethys Oil AB 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 4.03 4.36 3.96 6.41 7.00

Tethys Oil AB 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 6.34 6.22 6.62 7.00 6.84

Competitive Comparison of Tethys Oil AB's Cyclically Adjusted Book per Share

For the Oil & Gas E&P subindustry, Tethys Oil AB'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.


Tethys Oil AB's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tethys Oil AB's Cyclically Adjusted PB Ratio falls into.



Tethys Oil AB 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, Tethys Oil AB'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)
=7.421/132.2054*132.2054
=7.421

Current CPI (Mar. 2024) = 132.2054.

Tethys Oil AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.944 100.432 5.192
201409 4.667 100.161 6.160
201412 4.931 100.225 6.504
201503 5.766 99.950 7.627
201506 5.363 99.995 7.091
201509 5.630 100.228 7.426
201512 5.786 100.276 7.628
201603 5.629 100.751 7.386
201606 5.380 101.019 7.041
201609 5.495 101.138 7.183
201612 5.456 102.022 7.070
201703 5.629 102.022 7.294
201706 5.543 102.752 7.132
201709 5.430 103.279 6.951
201712 5.696 103.793 7.255
201803 5.703 103.962 7.252
201806 5.828 104.875 7.347
201809 6.298 105.679 7.879
201812 6.867 105.912 8.572
201903 7.061 105.886 8.816
201906 6.735 106.742 8.342
201909 7.308 107.214 9.011
201912 7.241 107.766 8.883
202003 7.636 106.563 9.473
202006 7.019 107.498 8.632
202009 6.680 107.635 8.205
202012 6.494 108.296 7.928
202103 6.564 108.360 8.008
202106 6.290 108.928 7.634
202109 6.596 110.338 7.903
202112 6.970 112.486 8.192
202203 7.393 114.825 8.512
202206 7.407 118.384 8.272
202209 8.424 122.296 9.107
202212 8.331 126.365 8.716
202303 8.515 127.042 8.861
202306 8.167 129.407 8.344
202309 8.480 130.224 8.609
202312 7.340 131.912 7.356
202403 7.421 132.205 7.421

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


Tethys Oil AB  (STU:TZB0) 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.

Tethys Oil AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.945/6.84
=0.43

* 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 Tethys Oil AB was 3.34. The lowest was 0.40. And the median was 1.14.


Be Aware

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


Tethys Oil AB Cyclically Adjusted Book per Share Related Terms

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


Tethys Oil AB (STU:TZB0) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tethys Oil AB (STU:TZB0) » Definitions » Cyclically Adjusted Book per Share
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Address
Hovslagargatan 5B, 1 tr, Stockholm, SWE, SE-111 48
Tethys Oil AB is a Sweden-based energy company. The company is focused on oil and gas exploration and production onshore areas with known discoveries. Its core area of focus is the Sultanate of Oman, where the company holds license interests in three onshore blocks Blocks 3 and 4, Block 49, Block 56, and Block 58. . Tethys Oil has licenses in three countries namely Oman, Lithuania, and France. The majority of its revenue is generated through its operations in Oman.

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