ULTRF (Ultrapetrol (Bahamas)) Cyclically Adjusted PB Ratio: (As of Aug. 02, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Ultrapetrol (Bahamas) Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ultrapetrol (Bahamas)  (OTCPK:ULTRF) 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.


Ultrapetrol (Bahamas) Cyclically Adjusted PB Ratio Related Terms


Ultrapetrol (Bahamas) Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ultrapetrol (Bahamas)'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.

Ultrapetrol (Bahamas) Cyclically Adjusted PB Ratio Chart

Ultrapetrol (Bahamas) Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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Ultrapetrol (Bahamas) Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 0.00 0.00 0.00 0.00 0.00

ULTRF vs CTRM, GLBS, TOPS: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Ultrapetrol (Bahamas)'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.


Ultrapetrol (Bahamas) Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Ultrapetrol (Bahamas)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ultrapetrol (Bahamas)'s Cyclically Adjusted PB Ratio falls into.



Ultrapetrol (Bahamas) 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.

Ultrapetrol (Bahamas)'s Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2016 is calculated as:

For example, Ultrapetrol (Bahamas)'s adjusted Book Value per Share data for the three months ended in Sep. 2016 was:

Adj_Book=Book Value per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=1.674/241.4280*241.4280
=1.674

Current CPI (Sep. 2016) = 241.4280.

Ultrapetrol (Bahamas) Quarterly Data

Book Value per Share CPI Adj_Book
200612 6.330 201.800 7.573
200703 6.422 205.352 7.550
200706 8.216 208.352 9.520
200709 7.505 208.490 8.691
200712 7.569 210.036 8.700
200803 7.772 213.528 8.788
200806 7.337 218.815 8.095
200809 11.506 218.783 12.697
200812 12.598 210.228 14.468
200903 12.350 212.709 14.017
200906 11.474 215.693 12.843
200909 11.298 215.969 12.630
200912 9.474 215.949 10.592
201003 9.369 217.631 10.393
201006 9.324 217.965 10.328
201009 8.989 218.439 9.935
201012 8.799 219.179 9.692
201103 8.568 223.467 9.257
201106 8.313 225.722 8.891
201109 8.342 226.889 8.877
201112 8.140 225.672 8.708
201203 7.692 229.392 8.096
201206 7.512 229.478 7.903
201209 7.084 231.407 7.391
201212 2.847 229.601 2.994
201303 2.889 232.773 2.996
201306 2.910 233.504 3.009
201309 3.022 234.149 3.116
201312 2.888 233.049 2.992
201403 2.857 236.293 2.919
201406 2.878 238.343 2.915
201409 2.779 238.031 2.819
201412 2.528 234.812 2.599
201503 2.494 236.119 2.550
201506 2.452 238.638 2.481
201509 2.435 237.945 2.471
201512 2.200 236.525 2.246
201603 2.081 238.132 2.110
201606 1.993 241.018 1.996
201609 1.674 241.428 1.674

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.


Ultrapetrol (Bahamas) Business Description

Address Ocean Centre, Montague Foreshore, P.O. Box SS -19084, East Bay Street, Nassau, BHS
Ultrapetrol (Bahamas) Ltd is an industrial shipping company which provides marine transportation services in South America, Europe, Central America, North America, and Asia. The company operates in three segments: River Business, Offshore Supply Business, and Ocean Business. The River Business segment owns and operates dry and tanker barges, and push boats in the Hidrovia region of South America. Its dry barges transport agricultural and forestry products, iron ore, and other cargoes; and tanker barges carry petroleum products, vegetable oils, and other liquids.