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BreitBurn Energy Partners LP (BreitBurn Energy Partners LP) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is BreitBurn Energy Partners LP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BreitBurn Energy Partners LP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BreitBurn Energy Partners LP'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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BreitBurn Energy Partners LP Cyclically Adjusted PB Ratio Chart

BreitBurn Energy Partners LP Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted PB Ratio
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BreitBurn Energy Partners LP Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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Competitive Comparison of BreitBurn Energy Partners LP's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, BreitBurn Energy Partners LP'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.


BreitBurn Energy Partners LP's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where BreitBurn Energy Partners LP's Cyclically Adjusted PB Ratio falls into.



BreitBurn Energy Partners LP 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.

BreitBurn Energy Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2017 is calculated as:

For example, BreitBurn Energy Partners LP's adjusted Book Value per Share data for the three months ended in Sep. 2017 was:

Adj_Book=Book Value per Share/CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=-0.966/104.1356*104.1356
=-0.966

Current CPI (Sep. 2017) = 104.1356.

BreitBurn Energy Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
200712 21.259 88.616 24.982
200803 20.205 90.090 23.355
200806 13.288 92.320 14.989
200809 21.424 92.307 24.169
200812 25.703 88.697 30.177
200903 26.045 89.744 30.222
200906 24.058 91.003 27.530
200909 24.020 91.120 27.451
200912 23.272 91.111 26.599
201003 24.211 91.821 27.458
201006 24.909 91.962 28.206
201009 24.488 92.162 27.670
201012 22.403 92.474 25.228
201103 20.235 94.283 22.350
201106 20.861 95.235 22.811
201109 23.538 95.727 25.606
201112 22.163 95.213 24.240
201203 20.556 96.783 22.118
201206 21.488 96.819 23.112
201209 19.709 97.633 21.022
201212 18.767 96.871 20.174
201303 18.077 98.209 19.168
201306 18.410 98.518 19.460
201309 17.720 98.790 18.679
201312 16.693 98.326 17.679
201403 16.169 99.695 16.889
201406 16.469 100.560 17.055
201409 17.065 100.428 17.695
201412 17.825 99.070 18.736
201503 17.303 99.621 18.087
201506 17.286 100.684 17.879
201509 10.887 100.392 11.293
201512 6.551 99.792 6.836
201603 6.063 100.470 6.284
201606 4.830 101.688 4.946
201609 3.139 101.861 3.209
201612 2.802 101.863 2.865
201703 2.391 102.862 2.421
201706 2.082 103.349 2.098
201709 -0.966 104.136 -0.966

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.


BreitBurn Energy Partners LP  (OTCPK:BBEPQ) 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.


BreitBurn Energy Partners LP Cyclically Adjusted PB Ratio Related Terms

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BreitBurn Energy Partners LP (BreitBurn Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Breitburn Energy Partners LP is engaged in the oil and gas market. It is an independent oil and gas partnership focused on the acquisition, exploitation, and development of oil, natural gas liquid (NGL) and natural gas properties in the United States. Its midstream assets include transmission and gathering pipelines, gas processing plants, NGL recovery plants, a controlling interest in a salt water disposal company.
Executives
Thomas E Thurmond officer: Senior Vice President 515 S. FLOWER STREET SUITE 4800, LOS ANGELES CA 90071
Randall Hart Breitenbach director BREITBURN ENERGY PARTNERS L.P., 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071
Donald D Wolf director 1670 BROADWAY SUITE 2800, DENVER CO 80202
Gregory J Moroney director 515 SOUTH FLOWER STREET, SUITE 4800, SUITE 4800, LOS ANGELES CA 90071
Butler John R Jr director ANADARKO PETROLEUM CORPORATION, 1201 LAKE ROBBINS DR., THE WOODLANDS CA 77380
Charles S Weiss director 515 SOUTH FLOWER STREET, SUITE 4800, SUITE 4800, LOS ANGELES CA 90071
James G Jackson officer: Executive VP and CFO 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071
Halbert S Washburn director, officer: Chief Executive Officer 515 SOUTH FLOWER STREET 48TH FLOOR, SUITE 4800, LOS ANGELES CA 90071
Gregory C Brown officer: EVP, Gen. Counsel, CAO C/O BREITBURN ENERGY PARTNERS L.P., 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071
Mark L Pease officer: President and COO C/O ANADARKO PETROLEUM CORP, 1201 LAKE ROBBINS DR, THE WOODLANDS CA 77380
David B Kilpatrick director 35 HARBOR RIDGE DR., SUITE 4800, NEWORT BEACH CA 92660
Willis Jackson Washburn officer: Senior Vice President C/O BREITBURN ENERGY PARTNERS L.P., 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071
Bruce D Mcfarland officer: VP and Treasurer BREITBURN ENERGY PARTNERS L.P., 515 SOUTH FLOWER STREET, SUITE 4800, LOS ANGELES CA 90071
Lawrence C Smith officer: VP, Controller & Chf Actg Ofcr 515 SOUTH FLOWER STREET, SUITE 4800, SUITE 4800, LOS ANGELES CA 90071
Kurt Talbot director C/O EIG MANAGEMENT COMPANY, LLC, 1700 PENNSYLVANIA AVE NW, SUITE 800, WASHINGTON NY 20006