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HP (Helmerich & Payne) Cyclically Adjusted PB Ratio : 0.46 (As of Apr. 14, 2025)


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What is Helmerich & Payne Cyclically Adjusted PB Ratio?

As of today (2025-04-14), Helmerich & Payne's current share price is $19.21. Helmerich & Payne's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $42.10. Helmerich & Payne's Cyclically Adjusted PB Ratio for today is 0.46.

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

HP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 1.01   Max: 2.72
Current: 0.46

During the past years, Helmerich & Payne's highest Cyclically Adjusted PB Ratio was 2.72. The lowest was 0.32. And the median was 1.01.

HP's Cyclically Adjusted PB Ratio is ranked better than
68.41% of 766 companies
in the Oil & Gas industry
Industry Median: 0.83 vs HP: 0.46

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.

Helmerich & Payne's adjusted book value per share data for the three months ended in Dec. 2024 was $29.709. 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 $42.10 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Helmerich & Payne Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Helmerich & Payne'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.

Helmerich & Payne Cyclically Adjusted PB Ratio Chart

Helmerich & Payne 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 0.35 0.63 0.81 0.94 0.71

Helmerich & Payne Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.83 0.96 0.83 0.71 0.76

Competitive Comparison of Helmerich & Payne's Cyclically Adjusted PB Ratio

For the Oil & Gas Drilling subindustry, Helmerich & Payne'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.


Helmerich & Payne's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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


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Helmerich & Payne 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.

Helmerich & Payne's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.21/42.10
=0.46

* 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.

Helmerich & Payne's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Helmerich & Payne's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=29.709/133.1571*133.1571
=29.709

Current CPI (Dec. 2024) = 133.1571.

Helmerich & Payne Quarterly Data

Book Value per Share CPI Adj_Book
201503 46.467 99.621 62.109
201506 46.644 100.684 61.688
201509 45.429 100.392 60.256
201512 44.720 99.792 59.672
201603 44.263 100.470 58.663
201606 43.506 101.688 56.970
201609 42.200 101.861 55.166
201612 41.229 101.863 53.895
201703 40.044 102.862 51.838
201706 39.140 103.349 50.429
201709 38.347 104.136 49.034
201712 42.173 104.011 53.991
201803 41.360 105.290 52.307
201806 40.778 106.317 51.073
201809 40.211 106.507 50.273
201812 39.543 105.998 49.675
201903 39.471 107.251 49.005
201906 37.421 108.070 46.108
201909 37.000 108.329 45.480
201912 36.514 108.420 44.845
202003 32.220 108.902 39.396
202006 31.600 108.767 38.686
202009 30.873 109.815 37.435
202012 29.901 109.897 36.230
202103 28.581 111.754 34.055
202106 27.877 114.631 32.382
202109 26.994 115.734 31.058
202112 26.261 117.630 29.728
202203 25.972 121.301 28.511
202206 25.954 125.017 27.644
202209 26.264 125.227 27.927
202212 26.169 125.222 27.827
202303 26.864 127.348 28.089
202306 27.237 128.729 28.174
202309 27.879 129.860 28.587
202312 27.981 129.419 28.789
202403 28.385 131.776 28.682
202406 28.929 132.554 29.061
202409 29.539 133.029 29.567
202412 29.709 133.157 29.709

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.


Helmerich & Payne  (NYSE:HP) 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.


Helmerich & Payne Cyclically Adjusted PB Ratio Related Terms

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


Helmerich & Payne Business Description

Industry
Traded in Other Exchanges
Address
222 North Detroit Avenue, Tulsa, OK, USA, 74120
Helmerich & Payne Inc provides performance-driven drilling solutions and technologies that are intended to make hydrocarbon recovery safer and more economical for oil and gas exploration and production companies. The Company focus on the drilling segment of the oil and gas production value chain. Company operates in North America, Gulf of Mexico, and other international places such as Argentina, Australia, Bahrain, Colombia and the United Arab Emirates (UAE). Also own and operates a limited number of commercial real estate properties located in Tulsa, Oklahoma. It's real estate investments include a shopping center and of undeveloped real estate projects.
Executives
Randy A Foutch director 15 W. SIXTH STREET, SUITE, 1800, TULSA OK 74119
Belgacem Chariag director TECHNO PARK, SHEIKH ZAYED ROAD, DUBAI C0 00000
John W Lindsay director, officer: President and CEO 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Cara M. Hair officer: SVP, Corp. Services & CLO 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Mark W. Smith officer: Senior VP and CFO 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Adams Raymond John Iii officer: SVP Sales, Marketing & Digital 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Hans Helmerich director C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Elizabeth R Killinger director NRG ENERGY, INC., 211 CARNEGIE CENTER, PRINCETON NJ 08540
John R. Bell officer: SVP, Int'l & Offshore Ops, sub 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Sara Marie Momper officer: VP, CAO 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Michael Lennox officer: SVP, US Land Ops, drilling sub 1437 S. BOULDER AVE., SUITE 140, TULSA OK 74119
Todd Willard Benson officer: President of H&P Technologies 1437 S. BOULDER AVENUE, SUITE 1400, TULSA OK 74119
Mary M Vandeweghe director 1601 W. DIEHL ROAD, NAPERVILLE IL 60563
Kevin G. Cramton director 502 SAINT DAVIDS AVENUE, WAYNE PA 19087
Delaney Murchison Bellinger director 524 E. 24TH STREET, HOUSTON TX 77008