USDP (USD Partners LP) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

USDP USD Partners LP USDP
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What is USD Partners LP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


USD Partners LP  (OTCPK:USDP) 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.


USD Partners LP Cyclically Adjusted PB Ratio Related Terms


USD Partners LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for USD Partners LP'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.

USD Partners LP Cyclically Adjusted PB Ratio Chart

USD Partners LP 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 - 2.54 1.98 0.11 0.06

USD Partners LP Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.12 0.05 0.07 0.02 0.05

USDP vs RVSN, PNYG, RAIL: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, USD Partners LP'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.


USD Partners LP Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, USD Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where USD Partners LP's Cyclically Adjusted PB Ratio falls into.


USDP
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USD Partners LP USDP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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USD Partners LP 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.

USD Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, USD Partners LP's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-4.348/315.6050*315.6050
=-4.348

Current CPI (Dec. 2024) = 315.6050.

USD Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201503 1.841 236.119 2.461
201506 1.699 238.638 2.247
201509 1.621 237.945 2.150
201512 2.202 236.525 2.938
201603 2.040 238.132 2.704
201606 1.945 241.018 2.547
201609 2.257 241.428 2.950
201612 2.063 241.432 2.697
201703 1.925 243.801 2.492
201706 3.100 244.955 3.994
201709 3.085 246.819 3.945
201712 3.278 246.524 4.197
201803 3.055 249.554 3.864
201806 2.950 251.989 3.695
201809 3.014 252.439 3.768
201812 2.657 251.233 3.338
201903 2.340 254.202 2.905
201906 2.063 256.143 2.542
201909 1.776 256.759 2.183
201912 1.549 256.974 1.902
202003 -0.302 258.115 -0.369
202006 -0.209 257.797 -0.256
202009 -0.010 260.280 -0.012
202012 0.233 260.474 0.282
202103 0.417 264.877 0.497
202106 0.610 271.696 0.709
202109 0.639 274.310 0.735
202112 0.801 278.802 0.907
202203 0.913 287.504 1.002
202206 -0.921 296.311 -0.981
202209 -3.198 296.808 -3.401
202212 -3.367 296.797 -3.580
202303 -3.323 301.836 -3.475
202306 -3.125 305.109 -3.233
202309 -3.224 307.789 -3.306
202312 -2.743 306.746 -2.822
202403 -3.025 312.332 -3.057
202406 -3.878 314.175 -3.896
202409 -4.239 315.301 -4.243
202412 -4.348 315.605 -4.348

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.


USD Partners LP Business Description

Address 811 Main Street, Suite 2800, Houston, TX, USA, 77002
USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels, and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.
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