GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ARC Resources Ltd (OTCPK:AETUF) » Definitions » Cyclically Adjusted PB Ratio

ARC Resources (ARC Resources) Cyclically Adjusted PB Ratio : 2.14 (As of May. 27, 2024)


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

What is ARC Resources Cyclically Adjusted PB Ratio?

As of today (2024-05-27), ARC Resources's current share price is $18.3575. ARC Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $8.57. ARC Resources's Cyclically Adjusted PB Ratio for today is 2.14.

The historical rank and industry rank for ARC Resources's Cyclically Adjusted PB Ratio or its related term are showing as below:

AETUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 1.54   Max: 3.11
Current: 2.16

During the past years, ARC Resources's highest Cyclically Adjusted PB Ratio was 3.11. The lowest was 0.27. And the median was 1.54.

AETUF's Cyclically Adjusted PB Ratio is ranked worse than
76.65% of 818 companies
in the Oil & Gas industry
Industry Median: 0.98 vs AETUF: 2.16

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.

ARC Resources's adjusted book value per share data for the three months ended in Mar. 2024 was $9.283. 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 $8.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ARC Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ARC Resources's Cyclically Adjusted PB Ratio 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.

ARC Resources Cyclically Adjusted PB Ratio Chart

ARC Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.54 1.04 1.61 1.71

ARC Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 1.34 1.53 1.88 1.71 2.08

Competitive Comparison of ARC Resources's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, ARC Resources'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.


ARC Resources's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



ARC Resources Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

ARC Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.3575/8.57
=2.14

* 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.

ARC Resources's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ARC Resources'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)
=9.283/126.2576*126.2576
=9.283

Current CPI (Mar. 2024) = 126.2576.

ARC Resources Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.087 99.473 12.803
201409 9.978 99.394 12.675
201412 9.642 98.367 12.376
201503 9.073 99.789 11.480
201506 8.952 100.500 11.246
201509 7.653 100.421 9.622
201512 7.119 99.947 8.993
201603 7.409 101.054 9.257
201606 7.387 102.002 9.144
201609 7.247 101.765 8.991
201612 7.395 101.449 9.203
201703 7.562 102.634 9.303
201706 7.768 103.029 9.519
201709 8.402 103.345 10.265
201712 8.129 103.345 9.931
201803 8.032 105.004 9.658
201806 7.703 105.557 9.214
201809 7.746 105.636 9.258
201812 7.740 105.399 9.272
201903 7.552 106.979 8.913
201906 7.689 107.690 9.015
201909 7.484 107.611 8.781
201912 7.391 107.769 8.659
202003 5.757 107.927 6.735
202006 5.798 108.401 6.753
202009 5.754 108.164 6.717
202012 6.165 108.559 7.170
202103 6.638 110.298 7.599
202106 6.450 111.720 7.289
202109 6.123 112.905 6.847
202112 6.677 113.774 7.410
202203 6.520 117.646 6.997
202206 6.980 120.806 7.295
202209 7.314 120.648 7.654
202212 7.888 120.964 8.233
202303 8.364 122.702 8.606
202306 8.813 124.203 8.959
202309 8.734 125.230 8.806
202312 9.276 125.072 9.364
202403 9.283 126.258 9.283

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


ARC Resources  (OTCPK:AETUF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


ARC Resources Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of ARC Resources's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ARC Resources (ARC Resources) Business Description

Industry
Traded in Other Exchanges
Address
308 - 4th Avenue South West, Suite 1200, Calgary, AB, CAN, T2P 0H7
ARC Resources Ltd is an independent energy company engaged in the acquisition, exploration, development, and production of conventional oil and natural gas in Western Canada. The company produces light, medium, and heavy crude, condensate, natural gas liquids, and natural gas.

ARC Resources (ARC Resources) Headlines

From GuruFocus

Insiders Are Buying ARC Resources

By Markus Aarnio Markus Aarnio 09-27-2013

Profits from the Gas Plunge

By Roger Conrad Roger Conrad 02-08-2012