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PJSC Lukoil (MIC:LKOH) Cyclically Adjusted PB Ratio : 1.19 (As of May. 28, 2024)


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What is PJSC Lukoil Cyclically Adjusted PB Ratio?

As of today (2024-05-28), PJSC Lukoil's current share price is ₽7720.00. PJSC Lukoil's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ₽6,495.23. PJSC Lukoil's Cyclically Adjusted PB Ratio for today is 1.19.

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

MIC:LKOH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.99   Max: 1.26
Current: 1.21

During the past years, PJSC Lukoil's highest Cyclically Adjusted PB Ratio was 1.26. The lowest was 0.55. And the median was 0.99.

MIC:LKOH's Cyclically Adjusted PB Ratio is ranked worse than
58.44% of 818 companies
in the Oil & Gas industry
Industry Median: 0.98 vs MIC:LKOH: 1.21

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.

PJSC Lukoil's adjusted book value per share data for the three months ended in Sep. 2023 was ₽2,309.926. 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 ₽6,495.23 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PJSC Lukoil Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PJSC Lukoil'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.

PJSC Lukoil Cyclically Adjusted PB Ratio Chart

PJSC Lukoil Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.16 0.90 1.07 0.62

PJSC Lukoil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.61 0.62 0.67 0.78 1.03

Competitive Comparison of PJSC Lukoil's Cyclically Adjusted PB Ratio

For the Oil & Gas Integrated subindustry, PJSC Lukoil'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.


PJSC Lukoil's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



PJSC Lukoil 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.

PJSC Lukoil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7720.00/6495.23
=1.19

* 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.

PJSC Lukoil's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, PJSC Lukoil's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=2309.926/242.6000*242.6000
=2,309.926

Current CPI (Sep. 2023) = 242.6000.

PJSC Lukoil Quarterly Data

Book Value per Share CPI Adj_Book
201312 3,423.061 124.900 6,648.796
201403 3,805.294 127.800 7,223.508
201406 3,636.749 130.900 6,740.071
201409 4,339.565 132.700 7,933.523
201412 4,023.731 139.000 7,022.713
201503 6,243.822 149.400 10,138.897
201506 6,018.520 150.900 9,675.898
201509 7,583.025 153.500 11,984.638
201512 4,520.015 157.000 6,984.431
201603 4,558.476 160.200 6,903.160
201606 4,503.590 162.200 6,735.949
201609 4,578.029 163.300 6,801.162
201612 4,517.788 165.400 6,626.453
201703 4,578.795 167.000 6,651.591
201706 4,704.785 169.200 6,745.750
201709 4,847.196 168.200 6,991.259
201712 4,908.102 169.600 7,020.669
201803 5,057.042 171.000 7,174.494
201806 5,246.081 173.100 7,352.393
201809 5,583.135 173.900 7,788.778
201812 5,833.837 176.800 8,005.027
201903 5,923.003 179.900 7,987.329
201906 5,746.027 181.200 7,693.080
201909 6,343.873 180.800 8,512.299
201912 6,073.640 182.200 8,087.075
202003 6,680.993 184.500 8,784.872
202006 6,060.662 187.000 7,862.656
202009 6,465.697 187.400 8,370.214
202012 1,183.423 191.100 1,502.347
202103 6,607.150 195.200 8,211.550
202106 6,586.455 199.100 8,025.485
202109 6,894.152 201.300 8,308.600
202112 1,575.701 207.200 1,844.909
202203 1,780.794 227.800 1,896.491
202206 2,376.227 230.800 2,497.715
202209 2,572.122 228.800 2,727.259
202212 1,825.991 231.900 1,910.243
202303 1,976.507 235.800 2,033.506
202306 2,057.252 238.300 2,094.374
202309 2,309.926 242.600 2,309.926

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.


PJSC Lukoil  (MIC:LKOH) 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.


PJSC Lukoil Cyclically Adjusted PB Ratio Related Terms

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


PJSC Lukoil (MIC:LKOH) Business Description

Industry
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Traded in Other Exchanges
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Address
11, Sretensky Boulevard, Moscow, RUS, 101000
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.

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