CoTec Holdings (CoTec Holdings) Cyclically Adjusted PB Ratio : (As of Apr. 29, 2024)

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What is CoTec Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

CoTec Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CoTec 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.

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CoTec Holdings Cyclically Adjusted PB Ratio Chart

CoTec Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cyclically Adjusted PB Ratio

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0.01

0.04

CoTec Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.02	0.04	0.11	33.47	-

Competitive Comparison of CoTec Holdings's Cyclically Adjusted PB Ratio

For the Thermal Coal subindustry, CoTec 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.

CoTec Holdings's Cyclically Adjusted PB Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, CoTec Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

CoTec 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.

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

For example, CoTec Holdings's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book	=	Book Value per Share	/	CPI of Sep. 2023 (Change)	*	Current CPI (Sep. 2023)
	=	0.406	/	125.2304	*	125.2304
	=	0.406

Current CPI (Sep. 2023) = 125.2304.

CoTec Holdings Quarterly Data

	Book Value per Share	CPI	Adj_Book
201312	-79.564	96.945	-102.778
201403	-7.568	98.604	-9.612
201406	-0.011	99.473	-0.014
201409	-0.016	99.394	-0.020
201412	-0.019	98.367	-0.024
201503	-0.019	99.789	-0.024
201506	-0.024	100.500	-0.030
201509	-0.025	100.421	-0.031
201512	-0.027	99.947	-0.034
201603	-0.029	101.054	-0.036
201606	-0.033	102.002	-0.041
201609	-0.034	101.765	-0.042
201612	-0.037	101.449	-0.046
201703	-0.039	102.634	-0.048
201706	-0.043	103.029	-0.052
201709	-0.048	103.345	-0.058
201712	-0.019	103.345	-0.023
201803	-0.022	105.004	-0.026
201806	-0.023	105.557	-0.027
201809	-0.024	105.636	-0.028
201812	-0.025	105.399	-0.030
201903	-0.026	106.979	-0.030
201906	-0.028	107.690	-0.033
201909	-0.029	107.611	-0.034
201912	-0.031	107.769	-0.036
202003	-0.035	107.927	-0.041
202006	-0.002	108.401	-0.002
202009	-0.002	108.164	-0.002
202012	-0.002	108.559	-0.002
202103	-0.003	110.298	-0.003
202106	-0.003	111.720	-0.003
202109	0.003	112.905	0.003
202112	-0.003	113.774	-0.003
202203	-0.012	117.646	-0.013
202206	0.182	120.806	0.189
202209	0.169	120.648	0.175
202212	0.171	120.964	0.177
202303	0.216	122.702	0.220
202306	0.367	124.203	0.370
202309	0.406	125.230	0.406

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.

CoTec Holdings (OTCPK:CTHCF) 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.

CoTec Holdings Cyclically Adjusted PB Ratio Related Terms

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