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Gazprom PJSC (XKAZ:RU_GAZP) Cyclically Adjusted Book per Share : ₸7,474.90 (As of Jun. 2023)


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What is Gazprom PJSC 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.

Gazprom PJSC's adjusted book value per share for the three months ended in Jun. 2023 was ₸3,781.396. 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 ₸7,474.90 for the trailing ten years ended in Jun. 2023.

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 (2025-07-12), Gazprom PJSC's current stock price is ₸1672.00. Gazprom PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was ₸7,474.90. Gazprom PJSC's Cyclically Adjusted PB Ratio of today is 0.22.


Gazprom PJSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gazprom PJSC'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.

Gazprom PJSC Cyclically Adjusted Book per Share Chart

Gazprom PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3,297.45 4,137.29 7,469.90

Gazprom PJSC Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23
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 4,251.56 4,137.29 - 7,469.90 7,474.90

Competitive Comparison of Gazprom PJSC's Cyclically Adjusted Book per Share

For the Oil & Gas Integrated subindustry, Gazprom PJSC'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.


Gazprom PJSC's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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


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Gazprom PJSC 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, Gazprom PJSC's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book= Book Value per Share /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=3781.396/238.3000*238.3000
=3,781.396

Current CPI (Jun. 2023) = 238.3000.

Gazprom PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201212 2,012.238 117.300 4,087.948
201303 2,142.944 119.500 4,273.335
201306 0.000 121.400 0.000
201309 2,204.854 122.800 4,278.638
201312 2,255.927 124.900 4,304.143
201403 2,105.432 127.800 3,925.856
201406 0.000 130.900 0.000
201409 1,935.985 132.700 3,476.603
201412 1,360.109 139.000 2,331.755
201503 1,403.724 149.400 2,239.006
201506 1,465.997 150.900 2,315.090
201509 1,865.451 153.500 2,896.006
201512 2,116.274 157.000 3,212.153
201603 2,377.799 160.200 3,537.013
201606 2,472.376 162.200 3,632.350
201609 2,472.874 163.300 3,608.609
201612 2,656.199 165.400 3,826.918
201703 2,861.589 167.000 4,083.333
201706 2,725.672 169.200 3,838.816
201709 3,016.064 168.200 4,273.056
201712 3,011.009 169.600 4,230.681
201803 3,054.037 171.000 4,256.006
201806 2,918.162 173.100 4,017.319
201809 3,227.382 173.900 4,422.571
201812 3,230.272 176.800 4,353.924
201903 3,586.803 179.900 4,751.168
201906 3,723.980 181.200 4,897.486
201909 3,813.939 180.800 5,026.890
201912 3,692.180 182.200 4,829.015
202003 2,835.355 184.500 3,662.141
202006 3,396.135 187.000 4,327.802
202009 3,090.269 187.400 3,929.622
202012 3,438.297 191.100 4,287.526
202103 3,454.669 195.200 4,217.457
202106 3,704.909 199.100 4,434.354
202109 3,883.790 201.300 4,597.651
202112 4,053.879 207.200 4,662.352
202206 0.000 230.800 0.000
202212 5,090.364 231.900 5,230.848
202306 3,781.396 238.300 3,781.396

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


Gazprom PJSC  (XKAZ:RU_GAZP) 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.

Gazprom PJSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1672.00/7474.90
=0.22

* 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.


Be Aware

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


Gazprom PJSC Cyclically Adjusted Book per Share Related Terms

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


Gazprom PJSC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gazprom PJSC (XKAZ:RU_GAZP) » Definitions » Cyclically Adjusted Book per Share
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Address
St. Petersburg, 2/3 Lakhtinsky Avenue, Building No. 1, Moscow, RUS, 197229
Gazprom PJSC is a Russian-based integrated oil and gas company in which the Russian government is a majority shareholder. Much of the business lies within the production, transportation, and distribution of natural gas. The company is a major gas supplier to European countries, with substantial gas pipelines throughout Western Russia and into Europe. While its oil segment is a smaller portion of revenue, the company is still integrated into the production, processing, and refinement of crude oil and refined products. Across both segments, the company produces its oil and gas from fields distributed across Russia, with end markets consisting mostly of Europe and Russia.

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