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Fox Resources (ASX:FXR) Cyclically Adjusted PB Ratio : (As of Jun. 07, 2024)


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What is Fox Resources Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fox Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fox 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.

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Fox Resources Cyclically Adjusted PB Ratio Chart

Fox Resources Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Cyclically Adjusted PB Ratio
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Fox Resources Semi-Annual Data
Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
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Competitive Comparison of Fox Resources's Cyclically Adjusted PB Ratio

For the Copper subindustry, Fox 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.


Fox Resources's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fox Resources's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fox 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.

Fox Resources's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun14 is calculated as:

For example, Fox Resources's adjusted Book Value per Share data for the fiscal year that ended in Jun14 was:

Adj_Book=Book Value per Share/CPI of Jun14 (Change)*Current CPI (Jun14)
=0.02/98.3515*98.3515
=0.020

Current CPI (Jun14) = 98.3515.

Fox Resources Annual Data

Book Value per Share CPI Adj_Book
200506 0.134 76.712 0.172
200606 0.089 79.777 0.110
200706 0.271 81.449 0.327
200806 0.178 85.071 0.206
200906 0.109 86.278 0.124
201006 0.092 88.971 0.102
201106 0.076 92.129 0.081
201206 0.063 93.244 0.066
201306 0.020 95.473 0.021
201406 0.020 98.352 0.020

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.


Fox Resources  (ASX:FXR) 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.


Fox Resources Cyclically Adjusted PB Ratio Related Terms

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Fox Resources (ASX:FXR) Business Description

Traded in Other Exchanges
N/A
Address
Fox Resources Ltd is incorporated in Australia. The Company explores base metals, gold, iron ore and coal and the evaluation of a heap leaching operation. The Company's project include the Radio Hill and Sholl Heap Leaching Project. The Radio Hill mine, located 35km south of Karratha, produced nickel and copper concentrate for four year. The Company's operations are subject to various environmental regulations under both Commonwealth and State Government legislation.

Fox Resources (ASX:FXR) Headlines