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Dynagas LNG Partners LP (Dynagas LNG Partners LP) Cyclically Adjusted PB Ratio : 0.28 (As of Apr. 30, 2024)


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What is Dynagas LNG Partners LP Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Dynagas LNG Partners LP's current share price is $3.74. Dynagas LNG Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $13.48. Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio for today is 0.28.

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

DLNG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.23   Max: 0.34
Current: 0.28

During the past years, Dynagas LNG Partners LP's highest Cyclically Adjusted PB Ratio was 0.34. The lowest was 0.18. And the median was 0.23.

DLNG's Cyclically Adjusted PB Ratio is ranked better than
82.66% of 813 companies
in the Oil & Gas industry
Industry Median: 1.02 vs DLNG: 0.28

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.

Dynagas LNG Partners LP's adjusted book value per share data for the three months ended in Dec. 2023 was $12.180. 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 $13.48 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dynagas LNG Partners LP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dynagas LNG 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.

* Premium members only.

Dynagas LNG Partners LP Cyclically Adjusted PB Ratio Chart

Dynagas LNG Partners LP 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 - - 0.25 0.20 0.21

Dynagas LNG Partners LP 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 0.20 0.22 0.19 0.20 0.21

Competitive Comparison of Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio

For the Oil & Gas Midstream subindustry, Dynagas LNG 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.


Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



Dynagas LNG 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.

Dynagas LNG Partners LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.74/13.48
=0.28

* 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.

Dynagas LNG Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Dynagas LNG Partners LP'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)
=12.18/116.4647*116.4647
=12.180

Current CPI (Dec. 2023) = 116.4647.

Dynagas LNG Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201403 17.584 102.748 19.932
201406 17.456 103.060 19.726
201409 14.447 102.624 16.395
201412 14.518 100.254 16.865
201503 14.511 100.549 16.808
201506 14.476 100.838 16.719
201509 18.051 100.856 20.845
201512 17.939 100.087 20.875
201603 17.959 99.041 21.118
201606 17.972 100.121 20.906
201609 17.999 99.878 20.988
201612 17.939 100.110 20.870
201703 10.257 100.770 11.855
201706 9.640 101.138 11.101
201709 9.282 100.882 10.716
201712 8.969 100.762 10.367
201803 8.635 100.534 10.003
201806 8.347 102.121 9.519
201809 8.030 101.982 9.170
201812 9.199 101.330 10.573
201903 9.098 101.482 10.441
201906 8.980 101.837 10.270
201909 8.765 101.906 10.017
201912 8.839 102.120 10.081
202003 8.954 101.479 10.276
202006 9.054 100.239 10.520
202009 9.230 99.886 10.762
202012 9.449 99.751 11.032
202103 9.729 99.817 11.352
202106 9.754 101.270 11.218
202109 9.984 102.095 11.389
202112 10.366 104.853 11.514
202203 10.936 108.651 11.722
202206 11.160 113.517 11.450
202209 11.282 114.371 11.489
202212 11.519 112.428 11.933
202303 11.701 113.620 11.994
202306 12.015 115.515 12.114
202309 11.974 116.234 11.998
202312 12.180 116.465 12.180

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.


Dynagas LNG Partners LP  (NYSE:DLNG) 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.


Dynagas LNG Partners LP Cyclically Adjusted PB Ratio Related Terms

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


Dynagas LNG Partners LP (Dynagas LNG Partners LP) Business Description

Industry
Traded in Other Exchanges
Address
Poseidonos Avenue and Foivis 2 Street, 166 74 Glyfada, Athens, GRC, 98000
Dynagas LNG Partners LP is a limited partnership company focused on owning and operating high specification and versatile LNG carriers that are employed on multi-year contracts with international energy companies, providing the benefits of stable cash flows and high utilization rates. The company defines charters of two years or more as multi-year charters. Its current LNG Carrier fleet is optimized for trading flexibility. In addition to conventional trade, part of LNG Carrier fleet is assigned with Ice Class 1A FS notation and are winterized which enables trade in subzero and ice bound conditions.