GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Northwest Natural Holding Co (NYSE:NWN) » Definitions » Cyclically Adjusted PB Ratio

Northwest Natural Holding Co (Northwest Natural Holding Co) Cyclically Adjusted PB Ratio : 1.10 (As of Apr. 27, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Northwest Natural Holding Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Northwest Natural Holding Co's current share price is $38.32. Northwest Natural Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $34.82. Northwest Natural Holding Co's Cyclically Adjusted PB Ratio for today is 1.10.

The historical rank and industry rank for Northwest Natural Holding Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

NWN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.71   Max: 2.56
Current: 1.11

During the past years, Northwest Natural Holding Co's highest Cyclically Adjusted PB Ratio was 2.56. The lowest was 1.01. And the median was 1.71.

NWN's Cyclically Adjusted PB Ratio is ranked better than
59.77% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.39 vs NWN: 1.11

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.

Northwest Natural Holding Co's adjusted book value per share data for the three months ended in Dec. 2023 was $34.116. 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 $34.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Northwest Natural Holding Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Northwest Natural Holding Co'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.

Northwest Natural Holding Co Cyclically Adjusted PB Ratio Chart

Northwest Natural Holding Co 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 2.46 1.52 1.52 1.40 1.12

Northwest Natural Holding Co 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 1.40 1.38 1.24 1.09 1.12

Competitive Comparison of Northwest Natural Holding Co's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Gas subindustry, Northwest Natural Holding Co'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.


Northwest Natural Holding Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Northwest Natural Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Northwest Natural Holding Co's Cyclically Adjusted PB Ratio falls into.



Northwest Natural Holding Co 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.

Northwest Natural Holding Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38.32/34.82
=1.10

* 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.

Northwest Natural Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Northwest Natural Holding Co'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)
=34.116/129.4194*129.4194
=34.116

Current CPI (Dec. 2023) = 129.4194.

Northwest Natural Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 28.729 99.695 37.295
201406 28.400 100.560 36.551
201409 27.653 100.428 35.636
201412 28.123 99.070 36.738
201503 28.718 99.621 37.308
201506 28.395 100.684 36.499
201509 27.742 100.392 35.764
201512 28.475 99.792 36.929
201603 29.351 100.470 37.808
201606 29.038 101.688 36.957
201609 28.275 101.861 35.925
201612 29.706 101.863 37.742
201703 30.534 102.862 38.417
201706 30.194 103.349 37.811
201709 29.488 104.136 36.648
201712 25.848 104.011 32.162
201803 26.830 105.290 32.979
201806 26.372 106.317 32.103
201809 25.571 106.507 31.072
201812 26.407 105.998 32.242
201903 27.423 107.251 33.091
201906 28.819 108.070 34.512
201909 27.753 108.329 33.156
201912 28.419 108.420 33.923
202003 29.538 108.902 35.103
202006 28.940 108.767 34.435
202009 27.900 109.815 32.881
202012 29.054 109.897 34.215
202103 30.544 111.754 35.372
202106 30.087 114.631 33.968
202109 29.009 115.734 32.439
202112 30.041 117.630 33.052
202203 31.483 121.301 33.590
202206 32.767 125.017 33.921
202209 31.935 125.227 33.004
202212 33.088 125.222 34.197
202303 34.744 127.348 35.309
202306 34.390 128.729 34.575
202309 33.343 129.860 33.230
202312 34.116 129.419 34.116

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.


Northwest Natural Holding Co  (NYSE:NWN) 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.


Northwest Natural Holding Co Cyclically Adjusted PB Ratio Related Terms

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


Northwest Natural Holding Co (Northwest Natural Holding Co) Business Description

Traded in Other Exchanges
Address
250 S.W. Taylor Street, Portland, OR, USA, 97204
Northwest Natural Holding Co is a public natural gas service supplier operating in the U.S. Pacific Northwest. Its subsidiary, NW Natural, operates through the natural gas distribution segment, which purchases and distributes natural gas through approximately 7,95,000 meters in Oregon and southwest Washington. The company generates its revenue from residential, commercial, and industrial customers, the majority of which are in Oregon. Residential and commercial customers account for the vast majority of profitability.
Executives
Jane L Peverett director 1489 MARINE DRIVE, SUITE 802, WEST VANCOUVER A1 V7T 1B8
David A. Weber officer: Pres. & CEO of Issuer's Sub. 250 SW TAYLOR ST, PORTLAND OR 97204
Joseph S Karney officer: VP, Eng & Utility Operations, other: NW Natural 250 SW TAYLOR ST, PORTLAND OR 97204
David Hugo Anderson director, officer: President & CEO
Jon G Huddleston officer: VP, Eng. & Utility Operations 250 SW TAYLOR ST, PORTLAND OR 97204
Zachary D Kravitz officer: VP, Rates & Regulatory, other: NW Natural 250 SW TAYLOR ST, PORTLAND OR 97204
Sandra Mcdonough director 250 SW TAYLOR ST, PORTLAND OR 97204
James R Downing officer: VP and CIO 250 SW TAYLOR ST, PORTLAND OR 97204
Malia H Wasson director 220 NW SECOND AVE, PORTLAND OR 97209
Kimberly A. Heiting officer: SVP Comm. & Chf. Mktg. Officer 250 SW TAYLOR ST, PORTLAND OR 97204
Shawn M Filippi officer: VP, CCO & Corp. Secretary 250 SW TAYLOR ST, PORTLAND OR 97204
C Scott Gibson director PMB 316, PO BOX 30,000, JACKSON WY 83002
Karen Lee director 250 SW TAYLOR ST, PORTLAND OR 97204
Nathan I Partain director DNP SELECT INCOME FUND INC, 55 E. MONROE, STE. 3600, CHICAGO IL 60603
Justin Palfreyman officer: VP Strategy & Bus Dev 250 SW TAYLOR ST, PORTLAND OR 97204