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VAALCO Energy (VAALCO Energy) Cyclically Adjusted PB Ratio : 2.84 (As of Apr. 27, 2024)


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What is VAALCO Energy Cyclically Adjusted PB Ratio?

As of today (2024-04-27), VAALCO Energy's current share price is $6.39. VAALCO Energy's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $2.25. VAALCO Energy's Cyclically Adjusted PB Ratio for today is 2.84.

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

EGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.9   Max: 3.63
Current: 2.85

During the past years, VAALCO Energy's highest Cyclically Adjusted PB Ratio was 3.63. The lowest was 0.23. And the median was 0.90.

EGY's Cyclically Adjusted PB Ratio is ranked worse than
84.92% of 809 companies
in the Oil & Gas industry
Industry Median: 1.02 vs EGY: 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.

VAALCO Energy's adjusted book value per share data for the three months ended in Dec. 2023 was $4.588. 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 $2.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


VAALCO Energy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for VAALCO 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.

* Premium members only.

VAALCO Energy Cyclically Adjusted PB Ratio Chart

VAALCO Energy 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 0.83 0.72 1.37 2.00 1.99

VAALCO Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.00 1.97 1.64 1.91 1.99

Competitive Comparison of VAALCO Energy's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, VAALCO 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.


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

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

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



VAALCO 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.

VAALCO Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.39/2.25
=2.84

* 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.

VAALCO Energy's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, VAALCO Energy's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.588/129.4194*129.4194
=4.588

Current CPI (Dec. 2023) = 129.4194.

VAALCO Energy Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.312 99.695 5.598
201406 4.762 100.560 6.129
201409 4.815 100.428 6.205
201412 3.122 99.070 4.078
201503 2.462 99.621 3.198
201506 2.386 100.684 3.067
201509 1.816 100.392 2.341
201512 0.446 99.792 0.578
201603 0.322 100.470 0.415
201606 0.331 101.688 0.421
201609 0.055 101.861 0.070
201612 -0.006 101.863 -0.008
201703 0.070 102.862 0.088
201706 0.118 103.349 0.148
201709 0.114 104.136 0.142
201712 0.175 104.011 0.218
201803 0.324 105.290 0.398
201806 0.345 106.317 0.420
201809 1.668 106.507 2.027
201812 1.843 105.998 2.250
201903 1.948 107.251 2.351
201906 1.936 108.070 2.318
201909 1.875 108.329 2.240
201912 1.891 108.420 2.257
202003 0.979 108.902 1.163
202006 0.987 108.767 1.174
202009 1.126 109.815 1.327
202012 1.068 109.897 1.258
202103 1.239 111.754 1.435
202106 1.323 114.631 1.494
202109 1.870 115.734 2.091
202112 2.461 117.630 2.708
202203 2.629 121.301 2.805
202206 2.847 125.017 2.947
202209 2.940 125.227 3.038
202212 4.322 125.222 4.467
202303 4.241 127.348 4.310
202306 4.224 128.729 4.247
202309 4.203 129.860 4.189
202312 4.588 129.419 4.588

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.


VAALCO Energy  (NYSE:EGY) 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.


VAALCO Energy Cyclically Adjusted PB Ratio Related Terms

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


VAALCO Energy (VAALCO Energy) Business Description

Industry
Traded in Other Exchanges
Address
9800 Richmond Avenue, Suite 700, Houston, TX, USA, 77042
VAALCO Energy Inc is an independent energy company operating in the United States. It is principally engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates through geographical segments namely Gabon, Egypt, Canada, Equatorial Guinea and Corporate and Other. The company generates maximum revenue from the Gabon segment.
Executives
Andrew Lawrence Fawthrop director 9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Maxwell George W.m. director, officer: Chief Executive Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Ronald Y Bain officer: Chief Financial Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Catherine L Stubbs director 522 HUNTERS PARK, HOUSTON TX 77024
Edward David Lafehr director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Thor Pruckl officer: Chief Operating Officer 9800 RICHMOND AVE STE 700, HOUSTON TX 77042-4685
Matthew R Powers officer: EVP, Gen. Counsel & Corp. Sect 4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Timothy Robertson Marchant director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Bruce Cook director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Fabrice Nze-bekale director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Bradley Louis Radoff 10 percent owner, other: See Explanation of Responses 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Jason Doornik officer: CAO & Controller 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Desautels officer: Vice President 9800 RICHMOND AVENUE, STE 700, HOUSTON TX 77042
William R Thomas director 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Cary M Bounds officer: Chief Operating Officer 9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042

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