GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Freehold Royalties Ltd (OTCPK:FRHLF) » Definitions » Cyclically Adjusted PB Ratio

FRHLF (Freehold Royalties) Cyclically Adjusted PB Ratio : 1.68 (As of Jun. 01, 2025)


View and export this data going back to 1996. Start your Free Trial

What is Freehold Royalties Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Freehold Royalties's current share price is $8.90. Freehold Royalties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $5.31. Freehold Royalties's Cyclically Adjusted PB Ratio for today is 1.68.

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

FRHLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.88   Max: 2.99
Current: 1.58

During the past years, Freehold Royalties's highest Cyclically Adjusted PB Ratio was 2.99. The lowest was 0.41. And the median was 1.88.

FRHLF's Cyclically Adjusted PB Ratio is ranked worse than
71.47% of 778 companies
in the Oil & Gas industry
Industry Median: 0.9 vs FRHLF: 1.58

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.

Freehold Royalties's adjusted book value per share data for the three months ended in Mar. 2025 was $4.637. 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 $5.31 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freehold Royalties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Freehold Royalties'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.

Freehold Royalties Cyclically Adjusted PB Ratio Chart

Freehold Royalties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 1.75 2.24 1.86 1.71

Freehold Royalties 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 1.96 1.80 1.87 1.71 1.67

Competitive Comparison of Freehold Royalties's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Freehold Royalties'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.


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

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

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


;
;

Freehold Royalties 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.

Freehold Royalties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.90/5.31
=1.68

* 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.

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

For example, Freehold Royalties'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)
=4.637/129.1809*129.1809
=4.637

Current CPI (Mar. 2025) = 129.1809.

Freehold Royalties Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.661 100.500 8.562
201509 5.861 100.421 7.540
201512 5.473 99.947 7.074
201603 5.478 101.054 7.003
201606 5.998 102.002 7.596
201609 5.801 101.765 7.364
201612 5.625 101.449 7.163
201703 5.553 102.634 6.989
201706 5.564 103.029 6.976
201709 5.905 103.345 7.381
201712 5.511 103.345 6.889
201803 5.356 105.004 6.589
201806 5.195 105.557 6.358
201809 5.166 105.636 6.317
201812 4.869 105.399 5.968
201903 4.734 106.979 5.716
201906 4.668 107.690 5.600
201909 4.584 107.611 5.503
201912 4.529 107.769 5.429
202003 4.108 107.927 4.917
202006 4.164 108.401 4.962
202009 4.232 108.164 5.054
202012 4.334 108.559 5.157
202103 4.330 110.298 5.071
202106 4.443 111.720 5.137
202109 4.640 112.905 5.309
202112 4.622 113.774 5.248
202203 4.708 117.646 5.170
202206 4.810 120.806 5.143
202209 4.784 120.648 5.122
202212 4.692 120.964 5.011
202303 4.611 122.702 4.854
202306 4.643 124.203 4.829
202309 4.590 125.230 4.735
202312 4.569 125.072 4.719
202403 4.526 126.258 4.631
202406 4.476 127.522 4.534
202409 4.432 127.285 4.498
202412 4.707 127.364 4.774
202503 4.637 129.181 4.637

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.


Freehold Royalties  (OTCPK:FRHLF) 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.


Freehold Royalties Cyclically Adjusted PB Ratio Related Terms

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


Freehold Royalties Business Description

Traded in Other Exchanges
Address
517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8
Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville, and Bakken basins primarily located in the states of Texas, New Mexico, and North Dakota. The maximum revenue is generated from the Canada Segment.