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NR (Newpark Resources) Cyclically Adjusted PB Ratio : 0.95 (As of Oct. 31, 2024)


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What is Newpark Resources Cyclically Adjusted PB Ratio?

As of today (2024-10-31), Newpark Resources's current share price is $6.66. Newpark Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $7.02. Newpark Resources's Cyclically Adjusted PB Ratio for today is 0.95.

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

NR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 1.01   Max: 2.38
Current: 0.96

During the past years, Newpark Resources's highest Cyclically Adjusted PB Ratio was 2.38. The lowest was 0.11. And the median was 1.01.

NR's Cyclically Adjusted PB Ratio is ranked better than
50.06% of 779 companies
in the Oil & Gas industry
Industry Median: 0.96 vs NR: 0.96

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.

Newpark Resources's adjusted book value per share data for the three months ended in Jun. 2024 was $4.934. 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 $7.02 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Newpark Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Newpark Resources'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.

Newpark Resources Cyclically Adjusted PB Ratio Chart

Newpark Resources 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 0.96 0.29 0.42 0.58 0.94

Newpark Resources Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.72 0.96 0.94 1.02 1.18

Competitive Comparison of Newpark Resources's Cyclically Adjusted PB Ratio

For the Oil & Gas Equipment & Services subindustry, Newpark Resources'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.


Newpark Resources's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



Newpark Resources 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.

Newpark Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.66/7.02
=0.95

* 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.

Newpark Resources's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Newpark Resources's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=4.934/132.5538*132.5538
=4.934

Current CPI (Jun. 2024) = 132.5538.

Newpark Resources Quarterly Data

Book Value per Share CPI Adj_Book
201409 7.257 100.428 9.578
201412 7.446 99.070 9.963
201503 7.286 99.621 9.695
201506 7.260 100.684 9.558
201509 7.172 100.392 9.470
201512 6.188 99.792 8.219
201603 6.121 100.470 8.076
201606 5.895 101.688 7.684
201609 5.782 101.861 7.524
201612 5.911 101.863 7.692
201703 5.962 102.862 7.683
201706 6.011 103.349 7.710
201709 6.079 104.136 7.738
201712 6.137 104.011 7.821
201803 6.160 105.290 7.755
201806 6.126 106.317 7.638
201809 6.169 106.507 7.678
201812 6.272 105.998 7.843
201903 6.310 107.251 7.799
201906 6.302 108.070 7.730
201909 6.239 108.329 7.634
201912 6.114 108.420 7.475
202003 5.899 108.902 7.180
202006 5.598 108.767 6.822
202009 5.386 109.815 6.501
202012 5.374 109.897 6.482
202103 5.287 111.754 6.271
202106 5.174 114.631 5.983
202109 5.048 115.734 5.782
202112 5.007 117.630 5.642
202203 5.037 121.301 5.504
202206 4.795 125.017 5.084
202209 4.487 125.227 4.750
202212 4.716 125.222 4.992
202303 4.833 127.348 5.031
202306 4.772 128.729 4.914
202309 4.820 129.860 4.920
202312 4.875 129.419 4.993
202403 4.948 131.776 4.977
202406 4.934 132.554 4.934

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.


Newpark Resources  (NYSE:NR) 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.


Newpark Resources Cyclically Adjusted PB Ratio Related Terms

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


Newpark Resources Business Description

Industry
Traded in Other Exchanges
N/A
Address
9320 Lakeside Boulevard, Suite 100, The Woodlands, TX, USA, 77381
Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions and Fluids Systems. Fluids Systems segment which generates the majority of the revenue, provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects. Geographically, the company derives majority of its revenue from the United States and also has its presence in Canada, EMEA, Latin America, and Asia Pacific regions.
Executives
Claudia Michel Meer director 5425 WICKFORD DRIVE, NORTH BETHESDA MD 20852
Mary Celeste Fruge officer: VP, General Counsel 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
John C Minge director 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Michael A Lewis director 77 BEALE ST, P.O. BOX 770000, SAN FRANCISCO CA 94177
Donald Win Young director 3311 DEL MONTE DRIVE, HOUSTON TX 77019
Gregg Piontek officer: VP, Controller, PAO 2700 RESEARCH FOREST DRIVE, SUITE 100, THE WOODLANDS TX 77381
Edward Chipman Earle officer: VP and Special Advisor to CEO 2103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Matthew Lanigan officer: VP and Pres of NMIS 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Lori Briggs officer: VP & President, Industrial 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Paul L Howes director, officer: President and CEO 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Douglas L White officer: Controller, CAO, PAO 2700 RESEARCH FOREST DRIVE, SUITE 100, THE WOODLANDS TX 77381
David A Paterson officer: VP & President, Fluid Systems 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Bruce Campbell Smith officer: VP & Pres, Drilling Fluids 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
David C Anderson director 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Mark J Airola officer: Vice President, General Counse 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381

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