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SBFFF (SBM Offshore NV) Cyclically Adjusted PB Ratio : 1.30 (As of May. 17, 2025)


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What is SBM Offshore NV Cyclically Adjusted PB Ratio?

As of today (2025-05-17), SBM Offshore NV's current share price is $20.6918. SBM Offshore NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was $15.90. SBM Offshore NV's Cyclically Adjusted PB Ratio for today is 1.30.

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

SBFFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.42   Max: 1.94
Current: 1.17

During the past 13 years, SBM Offshore NV's highest Cyclically Adjusted PB Ratio was 1.94. The lowest was 0.80. And the median was 1.42.

SBFFF's Cyclically Adjusted PB Ratio is ranked worse than
61.37% of 774 companies
in the Oil & Gas industry
Industry Median: 0.865 vs SBFFF: 1.17

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.

SBM Offshore NV's adjusted book value per share data of for the fiscal year that ended in Dec24 was $20.732. 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 $15.90 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


SBM Offshore NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SBM Offshore NV'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.

SBM Offshore NV Cyclically Adjusted PB Ratio Chart

SBM Offshore NV 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 1.53 1.16 1.09 0.85 1.06

SBM Offshore NV Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 1.09 - 0.85 - 1.06

Competitive Comparison of SBM Offshore NV's Cyclically Adjusted PB Ratio

For the Oil & Gas Equipment & Services subindustry, SBM Offshore NV'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.


SBM Offshore NV's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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


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SBM Offshore NV 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.

SBM Offshore NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.6918/15.90
=1.30

* 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.

SBM Offshore NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, SBM Offshore NV's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=20.732/131.6300*131.6300
=20.732

Current CPI (Dec24) = 131.6300.

SBM Offshore NV Annual Data

Book Value per Share CPI Adj_Book
201512 11.791 99.730 15.563
201612 12.454 100.710 16.278
201712 12.295 101.970 15.871
201812 12.866 103.970 16.289
201912 13.832 106.800 17.048
202012 13.547 107.850 16.534
202112 14.275 114.010 16.481
202212 19.078 124.940 20.100
202312 20.853 126.450 21.707
202412 20.732 131.630 20.732

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.


SBM Offshore NV  (OTCPK:SBFFF) 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.


SBM Offshore NV Cyclically Adjusted PB Ratio Related Terms

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


SBM Offshore NV Business Description

Industry
Address
Evert van de Beekstraat 1-77, Schiphol, Amsterdam, NH, NLD, 1118 CL
SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy, and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and the turnkey segment includes revenues from Turnkey supply contracts and after-sales services.