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S-Oil (XKRX:010950) Cyclically Adjusted Book per Share : ₩62,349.60 (As of Dec. 2023)


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What is S-Oil 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.

S-Oil's adjusted book value per share for the three months ended in Dec. 2023 was ₩77,541.938. 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 ₩62,349.60 for the trailing ten years ended in Dec. 2023.

During the past 12 months, S-Oil's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.30% 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 S-Oil was 6.70% per year. The lowest was 3.90% per year. And the median was 5.10% per year.

As of today (2024-05-15), S-Oil's current stock price is ₩69600.00. S-Oil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₩62,349.60. S-Oil's Cyclically Adjusted PB Ratio of today is 1.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of S-Oil was 2.91. The lowest was 1.00. And the median was 1.75.


S-Oil Cyclically Adjusted Book per Share Historical Data

The historical data trend for S-Oil'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.

S-Oil Cyclically Adjusted Book per Share Chart

S-Oil 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 50,427.60 51,389.40 54,017.60 58,512.40 62,349.60

S-Oil 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 58,512.40 59,656.10 60,407.10 61,935.80 62,349.60

Competitive Comparison of S-Oil's Cyclically Adjusted Book per Share

For the Oil & Gas Refining & Marketing subindustry, S-Oil'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.


S-Oil's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



S-Oil 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, S-Oil'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)
=77541.938/118.8477*118.8477
=77,541.938

Current CPI (Dec. 2023) = 118.8477.

S-Oil Quarterly Data

Book Value per Share CPI Adj_Book
201403 45,026.808 99.253 53,916.079
201406 45,612.838 99.353 54,562.830
201409 44,524.545 99.608 53,124.646
201412 42,079.711 99.098 50,465.972
201503 43,893.430 99.720 52,312.808
201506 47,576.657 100.050 56,515.505
201509 46,099.063 100.110 54,727.476
201512 46,210.409 100.220 54,799.449
201603 48,631.269 100.560 57,475.283
201606 52,441.218 100.790 61,836.672
201609 53,416.926 101.460 62,571.248
201612 54,814.252 101.560 64,144.819
201703 52,496.654 102.850 60,662.193
201706 53,072.341 102.610 61,470.867
201709 55,296.890 103.490 63,502.833
201712 58,688.424 102.990 67,724.869
201803 55,624.509 104.100 63,504.755
201806 57,024.154 104.130 65,083.929
201809 58,397.686 105.650 65,692.671
201812 55,481.219 104.350 63,189.413
201903 56,300.152 104.490 64,036.210
201906 55,000.644 104.880 62,325.515
201909 55,327.355 105.200 62,505.027
201912 55,716.503 105.120 62,992.563
202003 47,878.888 105.540 53,916.010
202006 47,383.402 104.870 53,698.945
202009 47,725.462 106.200 53,409.241
202012 48,723.357 105.765 54,750.031
202103 51,684.198 107.357 57,215.986
202106 55,212.213 107.579 60,995.816
202109 57,086.788 108.759 62,382.157
202112 59,937.528 109.676 64,949.591
202203 64,617.311 111.806 68,687.123
202206 73,330.679 114.083 76,393.484
202209 70,751.857 114.831 73,226.511
202212 72,782.522 115.200 75,086.982
202303 72,062.472 116.550 73,483.384
202306 71,869.286 117.140 72,917.079
202309 76,355.391 119.111 76,186.476
202312 77,541.938 118.848 77,541.938

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


S-Oil  (XKRX:010950) 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.

S-Oil's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=69600.00/62349.6
=1.12

* 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 S-Oil was 2.91. The lowest was 1.00. And the median was 1.75.


Be Aware

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


S-Oil Cyclically Adjusted Book per Share Related Terms

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


S-Oil (XKRX:010950) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » S-Oil Corp (XKRX:010950) » Definitions » Cyclically Adjusted Book per Share
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Address
192 Baekbeom-ro, Mapo-gu, Seoul, KOR, 04196
S-Oil is an integrated energy company that operates a refinery, petrochemical, and lube oil business. Revenue is primarily derived from refining operations, with the majority of sales from Asian countries. Refining operations include a cracking center, which is used for replacement and low sulfurization of all products that actively respond to changes in market conditions. The company exports ultra-low-sulfur diesel fuel, processed to meet environmental regulations around the world. Other products from S-Oil facilities include LPG, naphtha, kerosene/diesel, B-C oil, and other crude oil byproducts.

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