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Resolute Forest Products (TSX:RFP) Cyclically Adjusted PB Ratio : (As of May. 06, 2024)


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What is Resolute Forest Products Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Resolute Forest Products Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Resolute Forest Products'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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Resolute Forest Products Cyclically Adjusted PB Ratio Chart

Resolute Forest Products Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PB Ratio
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Resolute Forest Products Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of Resolute Forest Products's Cyclically Adjusted PB Ratio

For the Paper & Paper Products subindustry, Resolute Forest Products'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.


Resolute Forest Products's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Resolute Forest Products's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Resolute Forest Products's Cyclically Adjusted PB Ratio falls into.



Resolute Forest Products 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.

Resolute Forest Products's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2022 is calculated as:

For example, Resolute Forest Products's adjusted Book Value per Share data for the three months ended in Sep. 2022 was:

Adj_Book=Book Value per Share/CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=36.752/120.6479*120.6479
=36.752

Current CPI (Sep. 2022) = 120.6479.

Resolute Forest Products Quarterly Data

Book Value per Share CPI Adj_Book
201212 32.388 95.760 40.806
201303 33.552 97.103 41.687
201306 33.477 97.182 41.560
201309 27.732 97.419 34.345
201312 31.827 96.945 39.609
201403 32.887 98.604 40.239
201406 32.376 99.473 39.268
201409 31.194 99.394 37.864
201412 25.619 98.367 31.422
201503 27.792 99.789 33.601
201506 27.821 100.500 33.398
201509 30.394 100.421 36.516
201512 29.602 99.947 35.733
201603 28.549 101.054 34.085
201606 27.358 102.002 32.359
201609 28.105 101.765 33.320
201612 25.148 101.449 29.907
201703 24.672 102.634 29.002
201706 23.540 103.029 27.566
201709 21.974 103.345 25.653
201712 22.636 103.345 26.426
201803 23.130 105.004 26.576
201806 24.578 105.557 28.092
201809 26.111 105.636 29.822
201812 22.699 105.399 25.983
201903 23.175 106.979 26.136
201906 23.402 107.690 26.218
201909 22.998 107.611 25.784
201912 18.743 107.769 20.983
202003 19.694 107.927 22.015
202006 19.433 108.401 21.628
202009 20.806 108.164 23.207
202012 17.137 108.559 19.045
202103 18.735 110.298 20.493
202106 21.397 111.720 23.107
202109 23.797 112.905 25.429
202112 25.233 113.774 26.758
202203 28.831 117.646 29.567
202206 33.661 120.806 33.617
202209 36.752 120.648 36.752

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.


Resolute Forest Products  (TSX:RFP) 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.


Resolute Forest Products Cyclically Adjusted PB Ratio Related Terms

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Resolute Forest Products (TSX:RFP) Business Description

Traded in Other Exchanges
N/A
Address
1010 De La Gauchetiere Street West, Suite 400, Montreal, QC, CAN, H3B 2N2
Resolute Forest Products Inc is engaged in the forest products industry with a range of products, including market pulp, tissue, wood products, newsprint, and specialty papers. The product range includes market pulp, tissue, wood products, newsprint and specialty papers which are marketed to nearly 50 countries. The company owns or operates pulp, paper, tissue and wood products facilities in the United States and Canada.