Harvest Oil & Gas (Harvest Oil & Gas) Cyclically Adjusted PB Ratio : (As of Jun. 13, 2024)

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What is Harvest Oil & Gas Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

Harvest Oil & Gas Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Harvest Oil & Gas'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.

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Harvest Oil & Gas Cyclically Adjusted PB Ratio Chart

Harvest Oil & Gas Annual Data

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Cyclically Adjusted PB Ratio

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Harvest Oil & Gas Quarterly Data
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Competitive Comparison of Harvest Oil & Gas's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Harvest Oil & Gas'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.

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

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

* The bar in red indicates where Harvest Oil & Gas's Cyclically Adjusted PB Ratio falls into.

Harvest Oil & Gas 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.

Harvest Oil & Gas's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2020 is calculated as:

For example, Harvest Oil & Gas's adjusted Book Value per Share data for the three months ended in Sep. 2020 was:

Adj_Book	=	Book Value per Share	/	CPI of Sep. 2020 (Change)	*	Current CPI (Sep. 2020)
	=	47.481	/	109.8149	*	109.8149
	=	47.481

Current CPI (Sep. 2020) = 109.8149.

Harvest Oil & Gas Quarterly Data

	Book Value per Share	CPI	Adj_Book
201012	25.367	92.474	30.124
201103	25.407	94.283	29.592
201106	25.724	95.235	29.662
201109	27.427	95.727	31.463
201112	24.182	95.213	27.890
201203	28.201	96.783	31.998
201206	27.853	96.819	31.592
201209	25.973	97.633	29.214
201212	25.043	96.871	28.389
201303	23.156	98.209	25.892
201306	23.232	98.518	25.896
201309	22.248	98.790	24.731
201312	22.171	98.326	24.762
201403	21.239	99.695	23.395
201406	20.391	100.560	22.268
201409	20.559	100.428	22.481
201412	21.949	99.070	24.330
201503	20.139	99.621	22.200
201506	23.029	100.684	25.117
201509	22.359	100.392	24.458
201512	20.432	99.792	22.484
201603	19.718	100.470	21.552
201606	19.155	101.688	20.686
201609	18.802	101.861	20.270
201612	15.460	101.863	16.667
201703	14.356	102.862	15.326
201706	13.867	103.349	14.735
201709	13.527	104.136	14.265
201712	12.721	104.011	13.431
201803	12.420	105.290	12.954
201806	5.026	106.317	5.191
201809	238.215	106.507	245.614
201812	272.381	105.998	282.189
201903	236.819	107.251	242.481
201906	175.328	108.070	178.160
201909	156.347	108.329	158.491
201912	64.193	108.420	65.019
202003	70.399	108.902	70.989
202006	63.343	108.767	63.953
202009	47.481	109.815	47.481

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.

Harvest Oil & Gas (OTCPK:HRST) 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.

Harvest Oil & Gas Cyclically Adjusted PB Ratio Related Terms

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