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Treaty Energy (Treaty Energy) Cyclically Adjusted PB Ratio : (As of May. 08, 2024)


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What is Treaty Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Treaty Energy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Treaty Energy'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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Treaty Energy Cyclically Adjusted PB Ratio Chart

Treaty Energy Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted PB Ratio
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Treaty Energy Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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Competitive Comparison of Treaty Energy's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Treaty Energy'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.


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

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

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



Treaty Energy 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.

Treaty Energy's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2013 is calculated as:

For example, Treaty Energy's adjusted Book Value per Share data for the three months ended in Sep. 2013 was:

Adj_Book=Book Value per Share/CPI of Sep. 2013 (Change)*Current CPI (Sep. 2013)
=-0.004/98.7900*98.7900
=-0.004

Current CPI (Sep. 2013) = 98.7900.

Treaty Energy Quarterly Data

Book Value per Share CPI Adj_Book
200312 0.313 77.758 0.398
200403 0.388 79.066 0.485
200406 0.205 80.037 0.253
200409 0.154 80.121 0.190
200412 0.261 80.290 0.321
200503 0.213 81.555 0.258
200506 0.160 82.062 0.193
200509 0.155 83.876 0.183
200512 -0.027 83.032 -0.032
200603 0.018 84.298 0.021
200606 0.032 85.606 0.037
200609 -0.005 85.606 -0.006
200612 -0.016 85.142 -0.019
200703 -0.030 86.640 -0.034
200706 -0.038 87.906 -0.043
200709 -0.060 87.964 -0.067
200712 -0.005 88.616 -0.006
200803 -0.069 90.090 -0.076
200806 -0.019 92.320 -0.020
200809 -0.021 92.307 -0.022
200812 -0.015 88.697 -0.017
200903 -0.001 89.744 -0.001
200906 -0.001 91.003 -0.001
200909 -0.001 91.120 -0.001
200912 -0.001 91.111 -0.001
201003 -0.002 91.821 -0.002
201006 -0.002 91.962 -0.002
201009 -0.002 92.162 -0.002
201012 -0.002 92.474 -0.002
201103 -0.002 94.283 -0.002
201106 0.001 95.235 0.001
201109 0.001 95.727 0.001
201112 -0.001 95.213 -0.001
201203 0.000 96.783 0.000
201206 -0.001 96.819 -0.001
201209 0.001 97.633 0.001
201212 -0.002 96.871 -0.002
201303 -0.002 98.209 -0.002
201306 -0.005 98.518 -0.005
201309 -0.004 98.790 -0.004

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.


Treaty Energy  (GREY:TECO) 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.


Treaty Energy Cyclically Adjusted PB Ratio Related Terms

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Treaty Energy (Treaty Energy) Business Description

Industry
Traded in Other Exchanges
N/A
Address
201 St. Charles Avenue, Suite 2558, New Orleans, LA, USA, 70170
Treaty Energy Corp is a crude oil and natural gas producing company. The company acquires and develops oil and gas properties with production capabilities and proven reserves.

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