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Spire (FRA:LGR) Cyclically Adjusted PB Ratio : 1.32 (As of May. 22, 2025)


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What is Spire Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Spire's current share price is €66.00. Spire's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €49.88. Spire's Cyclically Adjusted PB Ratio for today is 1.32.

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

FRA:LGR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.85   Max: 2.53
Current: 1.36

During the past years, Spire's highest Cyclically Adjusted PB Ratio was 2.53. The lowest was 1.06. And the median was 1.85.

FRA:LGR's Cyclically Adjusted PB Ratio is ranked better than
55.53% of 407 companies
in the Utilities - Regulated industry
Industry Median: 1.51 vs FRA:LGR: 1.36

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.

Spire's adjusted book value per share data for the three months ended in Mar. 2025 was €51.200. 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 €49.88 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spire Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Spire'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.

Spire Cyclically Adjusted PB Ratio Chart

Spire Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.41 1.28 1.10 1.26

Spire Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.16 1.14 1.26 1.26 1.43

Competitive Comparison of Spire's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Gas subindustry, Spire'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.


Spire's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Spire's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Spire 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=66.00/49.88
=1.32

* 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.

Spire's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Spire's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=51.2/134.9266*134.9266
=51.200

Current CPI (Mar. 2025) = 134.9266.

Spire Quarterly Data

Book Value per Share CPI Adj_Book
201506 33.083 100.684 44.335
201509 32.354 100.392 43.484
201512 33.850 99.792 45.768
201603 34.790 100.470 46.721
201606 35.178 101.688 46.677
201609 34.511 101.861 45.714
201612 37.271 101.863 49.369
201703 38.525 102.862 50.534
201706 37.373 103.349 48.792
201709 34.617 104.136 44.853
201712 36.375 104.011 47.187
201803 36.118 105.290 46.285
201806 38.962 106.317 49.447
201809 38.145 106.507 48.323
201812 39.609 105.998 50.419
201903 41.960 107.251 52.788
201906 41.299 108.070 51.563
201909 40.988 108.329 51.051
201912 41.284 108.420 51.377
202003 43.261 108.902 53.599
202006 39.941 108.767 49.547
202009 37.510 109.815 46.088
202012 37.281 109.897 45.772
202103 40.445 111.754 48.831
202106 39.415 114.631 46.393
202109 39.736 115.734 46.325
202112 41.559 117.630 47.670
202203 45.299 121.301 50.387
202206 46.920 125.017 50.639
202209 49.572 125.227 53.412
202212 47.148 125.222 50.802
202303 48.733 127.348 51.633
202306 47.213 128.729 49.486
202309 47.119 129.860 48.958
202312 46.830 129.419 48.823
202403 50.198 131.776 51.398
202406 49.770 132.554 50.661
202409 46.660 133.029 47.326
202412 50.376 133.157 51.045
202503 51.200 134.927 51.200

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.


Spire  (FRA:LGR) 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.


Spire Cyclically Adjusted PB Ratio Related Terms

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


Spire Business Description

Industry
Traded in Other Exchanges
Address
700 Market Street, Saint Louis, MO, USA, 63101
Spire Inc is a public utility holding company with three reportable business segments: Gas Utility, Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation ('Alagasco') changed its name to Spire Alabama Inc. effective September 1, 2017, and Laclede Gas Company changed its name to Spire Missouri Inc. effective August 30, 2017. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas. Maximum revenue from residential area.

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