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Kelt Exploration (FRA:2KE) Cyclically Adjusted PB Ratio : 1.08 (As of May. 21, 2024)


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What is Kelt Exploration Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Kelt Exploration's current share price is €3.90. Kelt Exploration's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.60. Kelt Exploration's Cyclically Adjusted PB Ratio for today is 1.08.

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

FRA:2KE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.11   Max: 1.54
Current: 1.11

During the past years, Kelt Exploration's highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.89. And the median was 1.11.

FRA:2KE's Cyclically Adjusted PB Ratio is ranked worse than
53.86% of 817 companies
in the Oil & Gas industry
Industry Median: 0.99 vs FRA:2KE: 1.11

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.

Kelt Exploration's adjusted book value per share data for the three months ended in Mar. 2024 was €3.546. 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 €3.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kelt Exploration Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kelt Exploration'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.

Kelt Exploration Cyclically Adjusted PB Ratio Chart

Kelt Exploration 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 - - - 1.01 1.08

Kelt Exploration 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 0.90 1.07 1.37 1.08 1.13

Competitive Comparison of Kelt Exploration's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Kelt Exploration'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.


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

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

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



Kelt Exploration 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.

Kelt Exploration's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.90/3.6
=1.08

* 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.

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

For example, Kelt Exploration'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)
=3.546/126.2576*126.2576
=3.546

Current CPI (Mar. 2024) = 126.2576.

Kelt Exploration Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.023 99.473 3.837
201409 3.417 99.394 4.341
201412 3.433 98.367 4.406
201503 3.539 99.789 4.478
201506 3.969 100.500 4.986
201509 3.743 100.421 4.706
201512 3.361 99.947 4.246
201603 3.295 101.054 4.117
201606 3.310 102.002 4.097
201609 3.189 101.765 3.957
201612 3.413 101.449 4.248
201703 3.347 102.634 4.117
201706 3.193 103.029 3.913
201709 3.223 103.345 3.938
201712 3.129 103.345 3.823
201803 2.977 105.004 3.580
201806 3.134 105.557 3.749
201809 3.178 105.636 3.798
201812 3.178 105.399 3.807
201903 3.254 106.979 3.840
201906 3.287 107.690 3.854
201909 3.379 107.611 3.964
201912 3.359 107.769 3.935
202003 2.936 107.927 3.435
202006 2.090 108.401 2.434
202009 1.964 108.164 2.293
202012 2.054 108.559 2.389
202103 2.152 110.298 2.463
202106 2.388 111.720 2.699
202109 2.372 112.905 2.653
202112 2.642 113.774 2.932
202203 2.788 117.646 2.992
202206 3.156 120.806 3.298
202209 3.333 120.648 3.488
202212 3.262 120.964 3.405
202303 3.263 122.702 3.358
202306 3.419 124.203 3.476
202309 3.481 125.230 3.510
202312 3.527 125.072 3.560
202403 3.546 126.258 3.546

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.


Kelt Exploration  (FRA:2KE) 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.


Kelt Exploration Cyclically Adjusted PB Ratio Related Terms

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


Kelt Exploration (FRA:2KE) Business Description

Industry
Traded in Other Exchanges
Address
311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2
Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.

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