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YPF (BSP:Y2PF34) Cyclically Adjusted PB Ratio : 10.00 (As of May. 24, 2024)


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What is YPF Cyclically Adjusted PB Ratio?

As of today (2024-05-24), YPF's current share price is R$111.10. YPF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$11.11. YPF's Cyclically Adjusted PB Ratio for today is 10.00.

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

BSP:Y2PF34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 2.78   Max: 12.19
Current: 11.24

During the past years, YPF's highest Cyclically Adjusted PB Ratio was 12.19. The lowest was 0.97. And the median was 2.78.

BSP:Y2PF34's Cyclically Adjusted PB Ratio is ranked worse than
97.81% of 821 companies
in the Oil & Gas industry
Industry Median: 0.98 vs BSP:Y2PF34: 11.24

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.

YPF's adjusted book value per share data for the three months ended in Mar. 2024 was R$124.244. 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$11.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


YPF Cyclically Adjusted PB Ratio Historical Data

The historical data trend for YPF'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.

YPF Cyclically Adjusted PB Ratio Chart

YPF 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 2.60 1.46 1.11 2.97 9.02

YPF 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 3.64 5.46 6.06 9.02 9.09

Competitive Comparison of YPF's Cyclically Adjusted PB Ratio

For the Oil & Gas Integrated subindustry, YPF'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.


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

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

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



YPF 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.

YPF's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.10/11.11
=10.00

* 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.

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

For example, YPF'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)
=124.244/131.7762*131.7762
=124.244

Current CPI (Mar. 2024) = 131.7762.

YPF Quarterly Data

Book Value per Share CPI Adj_Book
201406 45.109 100.560 59.112
201409 49.172 100.428 64.521
201412 57.606 99.070 76.624
201503 69.942 99.621 92.517
201506 70.998 100.684 92.923
201509 91.149 100.392 119.644
201512 91.734 99.792 121.135
201603 88.065 100.470 115.505
201606 81.131 101.688 105.137
201609 60.392 101.861 78.128
201612 63.080 101.863 81.604
201703 59.358 102.862 76.043
201706 63.080 103.349 80.431
201709 58.768 104.136 74.367
201712 66.357 104.011 84.071
201803 70.841 105.290 88.662
201806 80.591 106.317 99.890
201809 91.890 106.507 113.692
201812 94.077 105.998 116.956
201903 91.684 107.251 112.650
201906 91.552 108.070 111.635
201909 95.758 108.329 116.484
201912 94.531 108.420 114.895
202003 114.180 108.902 138.163
202006 105.503 108.767 127.821
202009 103.312 109.815 123.973
202012 105.389 109.897 126.371
202103 115.335 111.754 135.998
202106 97.523 114.631 112.109
202109 105.849 115.734 120.521
202112 117.666 117.630 131.817
202203 107.386 121.301 116.660
202206 119.501 125.017 125.962
202209 133.693 125.227 140.686
202212 139.419 125.222 146.717
202303 143.321 127.348 148.305
202306 137.607 128.729 140.865
202309 137.942 129.860 139.978
202312 111.485 129.419 113.515
202403 124.244 131.776 124.244

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.


YPF  (BSP:Y2PF34) 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.


YPF Cyclically Adjusted PB Ratio Related Terms

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


YPF (BSP:Y2PF34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » YPF SA (BSP:Y2PF34) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
Address
Macacha Guemes 515, Buenos Aires, ARG, C1106BKK
YPF SA is an Argentina-based integrated oil and gas company. It is engaged in operating a fully integrated oil and gas chain across the domestic upstream, downstream, and gas and power segments. The company's upstream operations consist of the exploration, development, and production of crude oil, natural gas, and LPG. Its downstream operations include the refining, marketing, transportation, and distribution of oil and a wide range of petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels. The company generates maximum revenue from the downstream segment.

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