GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CF Industries Holdings Inc (BSP:C1FI34) » Definitions » Cyclically Adjusted PB Ratio

CF Industries Holdings (BSP:C1FI34) Cyclically Adjusted PB Ratio : 4.09 (As of Apr. 30, 2024)


View and export this data going back to 2019. Start your Free Trial

What is CF Industries Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-30), CF Industries Holdings's current share price is R$408.00. CF Industries Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$99.72. CF Industries Holdings's Cyclically Adjusted PB Ratio for today is 4.09.

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

BSP:C1FI34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 3.05   Max: 6.26
Current: 3.96

During the past years, CF Industries Holdings's highest Cyclically Adjusted PB Ratio was 6.26. The lowest was 1.35. And the median was 3.05.

BSP:C1FI34's Cyclically Adjusted PB Ratio is ranked worse than
83.54% of 164 companies
in the Agriculture industry
Industry Median: 1.35 vs BSP:C1FI34: 3.96

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.

CF Industries Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was R$148.852. 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 R$99.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CF Industries Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CF Industries Holdings'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.

CF Industries Holdings Cyclically Adjusted PB Ratio Chart

CF Industries Holdings 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 2.90 2.30 3.95 4.45 3.90

CF Industries Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.45 3.70 3.48 4.22 3.90

Competitive Comparison of CF Industries Holdings's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, CF Industries Holdings'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.


CF Industries Holdings's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CF Industries Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CF Industries Holdings's Cyclically Adjusted PB Ratio falls into.



CF Industries Holdings 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.

CF Industries Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=408.00/99.72
=4.09

* 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.

CF Industries Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, CF Industries Holdings'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)
=148.852/129.4194*129.4194
=148.852

Current CPI (Dec. 2023) = 129.4194.

CF Industries Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 43.581 99.695 56.575
201406 40.356 100.560 51.938
201409 42.284 100.428 54.491
201412 46.019 99.070 60.117
201503 53.657 99.621 69.707
201506 54.872 100.684 70.533
201509 68.862 100.392 88.773
201512 67.182 99.792 87.127
201603 64.130 100.470 82.608
201606 58.502 101.688 74.456
201609 53.868 101.861 68.442
201612 48.170 101.863 61.201
201703 43.978 102.862 55.332
201706 46.203 103.349 57.858
201709 42.531 104.136 52.857
201712 50.551 104.011 62.900
201803 50.500 105.290 62.073
201806 57.437 106.317 69.918
201809 60.893 106.507 73.993
201812 51.554 105.998 62.945
201903 51.233 107.251 61.823
201906 54.000 108.070 64.668
201909 56.354 108.329 67.325
201912 55.044 108.420 65.705
202003 62.347 108.902 74.094
202006 69.696 108.767 82.929
202009 71.340 109.815 84.076
202012 70.262 109.897 82.744
202103 79.574 111.754 92.152
202106 75.888 114.631 85.678
202109 72.409 115.734 80.971
202112 87.340 117.630 96.094
202203 95.287 121.301 101.664
202206 113.691 125.017 117.695
202209 117.841 125.227 121.787
202212 135.450 125.222 139.990
202303 145.715 127.348 148.085
202306 146.012 128.729 146.795
202309 147.940 129.860 147.439
202312 148.852 129.419 148.852

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.


CF Industries Holdings  (BSP:C1FI34) 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.


CF Industries Holdings Cyclically Adjusted PB Ratio Related Terms

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


CF Industries Holdings (BSP:C1FI34) Business Description

Traded in Other Exchanges
Address
4 Parkway North, Suite 400, Deerfield, IL, USA, 60015
CF Industries is a leading producer and distributor of nitrogen, which is primarily used in fertilizers. The company operates nitrogen manufacturing plants primarily in North America. CF also produces nitrogen in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago. CF makes nitrogen primarily using low-cost U.S. natural gas as its feedstock, making CF one of the lowest-cost nitrogen producers globally. The company is also investing in carbon-free blue and green ammonia, which can be used an alternative fuel to hydrogen or as a means to transport hydrogen.

CF Industries Holdings (BSP:C1FI34) Headlines

No Headlines