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Seadrill Old (OSL:SDRL) Cyclically Adjusted PB Ratio : (As of Apr. 30, 2024)


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What is Seadrill Old Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Seadrill Old Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Seadrill Old'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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Seadrill Old Cyclically Adjusted PB Ratio Chart

Seadrill Old Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
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Seadrill Old Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Dec17
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Competitive Comparison of Seadrill Old's Cyclically Adjusted PB Ratio

For the Oil & Gas Drilling subindustry, Seadrill Old'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.


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

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

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



Seadrill Old 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.

Seadrill Old's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec17 is calculated as:

For example, Seadrill Old's adjusted Book Value per Share data for the fiscal year that ended in Dec17 was:

Adj_Book=Book Value per Share/CPI of Dec17 (Change)*Current CPI (Dec17)
=28964.19/104.0111*104.0111
=28,964.190

Current CPI (Dec17) = 104.0111.

Seadrill Old Annual Data

Book Value per Share CPI Adj_Book
200812 12,377.012 88.697 14,513.916
200912 16,185.894 91.111 18,477.560
201012 19,517.875 92.474 21,952.934
201112 20,159.448 95.213 22,022.177
201212 17,622.755 96.871 18,921.661
201312 26,314.049 98.326 27,835.526
201412 38,617.460 99.070 40,543.622
201512 44,682.322 99.792 46,571.257
201612 43,276.905 101.863 44,189.664
201712 28,964.190 104.011 28,964.190

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.


Seadrill Old  (OSL:SDRL) 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.


Seadrill Old Cyclically Adjusted PB Ratio Related Terms

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Seadrill Old (OSL:SDRL) Business Description

Industry
Traded in Other Exchanges
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Seadrill is one of the world's largest deep-water drillers. John Fredriksen founded the latest incarnation of the company in 2005; he previously built Frontline into one of the largest oil tanker firms in the world. Seadrill operates a variety of rigs around the world for national and international oil and gas companies.