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The York Water Co (STU:YWA) Cyclically Adjusted PB Ratio : 2.92 (As of Jun. 23, 2024)


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What is The York Water Co Cyclically Adjusted PB Ratio?

As of today (2024-06-23), The York Water Co's current share price is €33.40. The York Water Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.44. The York Water Co's Cyclically Adjusted PB Ratio for today is 2.92.

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

STU:YWA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.68   Med: 3.86   Max: 5.46
Current: 2.85

During the past years, The York Water Co's highest Cyclically Adjusted PB Ratio was 5.46. The lowest was 2.68. And the median was 3.86.

STU:YWA's Cyclically Adjusted PB Ratio is ranked worse than
81.7% of 459 companies
in the Utilities - Regulated industry
Industry Median: 1.36 vs STU:YWA: 2.85

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.

The York Water Co's adjusted book value per share data for the three months ended in Mar. 2024 was €14.299. 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 €11.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The York Water Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The York Water Co'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.

The York Water Co Cyclically Adjusted PB Ratio Chart

The York Water Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.11 4.96 4.83 3.96 3.16

The York Water Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.83 3.46 3.09 3.16 2.89

Competitive Comparison of The York Water Co's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Water subindustry, The York Water Co'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.


The York Water Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The York Water Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The York Water Co's Cyclically Adjusted PB Ratio falls into.



The York Water Co 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.

The York Water Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.40/11.44
=2.92

* 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.

The York Water Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, The York Water Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=14.299/131.7762*131.7762
=14.299

Current CPI (Mar. 2024) = 131.7762.

The York Water Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.829 100.560 7.638
201409 6.222 100.428 8.164
201412 6.609 99.070 8.791
201503 7.601 99.621 10.054
201506 7.424 100.684 9.717
201509 7.456 100.392 9.787
201512 7.815 99.792 10.320
201603 7.714 100.470 10.118
201606 7.745 101.688 10.037
201609 7.866 101.861 10.176
201612 8.413 101.863 10.884
201703 8.320 102.862 10.659
201706 7.985 103.349 10.181
201709 7.671 104.136 9.707
201712 7.838 104.011 9.930
201803 7.577 105.290 9.483
201806 8.101 106.317 10.041
201809 8.238 106.507 10.193
201812 8.570 105.998 10.654
201903 8.687 107.251 10.674
201906 8.807 108.070 10.739
201909 9.217 108.329 11.212
201912 9.279 108.420 11.278
202003 9.470 108.902 11.459
202006 9.441 108.767 11.438
202009 9.201 109.815 11.041
202012 9.016 109.897 10.811
202103 9.318 111.754 10.987
202106 9.366 114.631 10.767
202109 9.773 115.734 11.128
202112 10.300 117.630 11.539
202203 10.684 121.301 11.607
202206 13.342 125.017 14.063
202209 14.474 125.227 15.231
202212 13.691 125.222 14.408
202303 13.616 127.348 14.089
202306 13.710 128.729 14.035
202309 14.244 129.860 14.454
202312 14.151 129.419 14.409
202403 14.299 131.776 14.299

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.


The York Water Co  (STU:YWA) 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.


The York Water Co Cyclically Adjusted PB Ratio Related Terms

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


The York Water Co (STU:YWA) Business Description

Traded in Other Exchanges
Address
130 East Market Street, York, PA, USA, 17401
The York Water Co is an investor-owned water utility company in the United States. The primary business of the company is to impound, purify to meet or exceed safe drinking water standards and distribute water. It also owns and operates three wastewater collection systems and two wastewater treatment systems. The company operates within its franchised territory, which covers more than 54 municipalities within York County, Pennsylvania.

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