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CVR Partners LP (CVR Partners LP) Cyclically Adjusted PB Ratio : 1.56 (As of Apr. 27, 2024)


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What is CVR Partners LP Cyclically Adjusted PB Ratio?

As of today (2024-04-27), CVR Partners LP's current share price is $81.87. CVR Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $52.50. CVR Partners LP's Cyclically Adjusted PB Ratio for today is 1.56.

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

UAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 1.23   Max: 2.77
Current: 1.49

During the past years, CVR Partners LP's highest Cyclically Adjusted PB Ratio was 2.77. The lowest was 0.11. And the median was 1.23.

UAN's Cyclically Adjusted PB Ratio is ranked worse than
53.99% of 163 companies
in the Agriculture industry
Industry Median: 1.37 vs UAN: 1.49

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.

CVR Partners LP's adjusted book value per share data for the three months ended in Dec. 2023 was $28.656. 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 $52.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CVR Partners LP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CVR 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.

* Premium members only.

CVR Partners LP Cyclically Adjusted PB Ratio Chart

CVR Partners LP 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 0.51 0.28 1.47 1.81 1.25

CVR Partners LP 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 1.81 1.61 1.47 1.53 1.25

Competitive Comparison of CVR Partners LP's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, CVR 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.


CVR Partners LP's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CVR Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CVR 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.

CVR Partners LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=81.87/52.5
=1.56

* 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.

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

For example, CVR Partners LP'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)
=28.656/129.4194*129.4194
=28.656

Current CPI (Dec. 2023) = 129.4194.

CVR Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201403 58.850 99.695 76.397
201406 57.435 100.560 73.918
201409 55.896 100.428 72.032
201412 56.607 99.070 73.948
201503 56.613 99.621 73.547
201506 55.840 100.684 71.777
201509 50.132 100.392 64.628
201512 52.723 99.792 68.376
201603 52.506 100.470 67.635
201606 59.333 101.688 75.514
201609 56.447 101.861 71.719
201612 55.163 101.863 70.086
201703 54.251 102.862 68.258
201706 53.747 103.349 67.305
201709 50.957 104.136 63.329
201712 48.538 104.011 60.395
201803 46.856 105.290 57.594
201806 45.403 106.317 55.269
201809 44.243 106.507 53.761
201812 44.122 105.998 53.871
201903 42.385 107.251 51.146
201906 43.360 108.070 51.926
201909 39.931 108.329 47.705
201912 37.035 108.420 44.208
202003 35.194 108.902 41.825
202006 31.686 108.767 37.702
202009 30.260 109.815 35.662
202012 29.353 109.897 34.567
202103 26.994 111.754 31.261
202106 27.651 114.631 31.218
202109 29.210 115.734 32.664
202112 32.037 117.630 35.248
202203 34.769 121.301 37.096
202206 43.633 125.017 45.170
202209 31.709 125.227 32.771
202212 38.962 125.222 40.268
202303 38.100 127.348 38.720
202306 33.333 128.729 33.512
202309 29.262 129.860 29.163
202312 28.656 129.419 28.656

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.


CVR Partners LP  (NYSE:UAN) 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.


CVR Partners LP Cyclically Adjusted PB Ratio Related Terms

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


CVR Partners LP (CVR Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Partners LP is a manufacturer and supplier of nitrogen fertilizer products. Its principal products include Urea Ammonium Nitrate (UAN) and ammonia. The company market ammonia products to industrial and agricultural customers and UAN products to agricultural customers. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas. The company's product sales are heavily weighted toward UAN.
Executives
Jordan Bleznick director C/O ENZON PHANNACEUTICALS, INC., 120 COMMERCE DRIVE (SUITE 135), CRANFORD NJ 07016
Mark A Pytosh director C/O CVR PARTNERS, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Melissa M Buhrig officer: EVP, General Counsel & Sec. C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Dane J. Neumann officer: Interim CFO, VP-Fin.&Treasurer 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jeffrey D. Conaway officer: VP, CAO & Corp. Controller 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
David Willetts director 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Kapiljeet Dargan director 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Patricia A. Agnello director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Donna R Ecton director C/O BODY CENTRAL CORP., 6225 POWERS AVENUE, JACKSONVILLE FL 32217
Hunter Clark Gary director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Matthew W. Bley officer: CAO and Corp. Controller 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tracy Dawn Jackson officer: EVP and CFO 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Janice T Develasco officer: VP-Env., Health, Safety & Sec. 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Blackstone Holdings I L.p. 10 percent owner C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Gso Cactus Credit Opportunities Fund Lp 10 percent owner 345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154

CVR Partners LP (CVR Partners LP) Headlines