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USD Partners LP (USD Partners LP) Cyclically Adjusted PB Ratio : 0.12 (As of Jun. 10, 2024)


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What is USD Partners LP Cyclically Adjusted PB Ratio?

As of today (2024-06-10), USD Partners LP's current share price is $0.12337. USD Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $1.06. USD Partners LP's Cyclically Adjusted PB Ratio for today is 0.12.

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

USDP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.51   Max: 3.04
Current: 0.12

During the past years, USD Partners LP's highest Cyclically Adjusted PB Ratio was 3.04. The lowest was 0.05. And the median was 0.51.

USDP's Cyclically Adjusted PB Ratio is ranked better than
97.52% of 725 companies
in the Transportation industry
Industry Median: 1.27 vs USDP: 0.12

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.

USD Partners LP's adjusted book value per share data for the three months ended in Sep. 2023 was $-3.224. 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 $1.06 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


USD Partners LP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for USD 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.

USD Partners LP Cyclically Adjusted PB Ratio Chart

USD Partners LP 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 - - - - 2.34

USD Partners LP 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 - 2.34 2.38 0.85 0.57

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

For the Railroads subindustry, USD 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.


USD Partners LP's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, USD Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



USD 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.12337/1.06
=0.12

* 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.

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

For example, USD Partners LP'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)
=-3.224/129.8595*129.8595
=-3.224

Current CPI (Sep. 2023) = 129.8595.

USD Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.126 98.326 0.166
201403 0.000 99.695 0.000
201406 -4.523 100.560 -5.841
201409 0.464 100.428 0.600
201412 1.828 99.070 2.396
201503 1.841 99.621 2.400
201506 1.699 100.684 2.191
201509 1.621 100.392 2.097
201512 2.202 99.792 2.865
201603 2.040 100.470 2.637
201606 1.985 101.688 2.535
201609 2.257 101.861 2.877
201612 2.063 101.863 2.630
201703 1.925 102.862 2.430
201706 3.100 103.349 3.895
201709 3.085 104.136 3.847
201712 3.278 104.011 4.093
201803 3.055 105.290 3.768
201806 2.950 106.317 3.603
201809 3.014 106.507 3.675
201812 2.657 105.998 3.255
201903 2.322 107.251 2.811
201906 2.063 108.070 2.479
201909 1.776 108.329 2.129
201912 1.549 108.420 1.855
202003 -0.302 108.902 -0.360
202006 -0.209 108.767 -0.250
202009 -0.010 109.815 -0.012
202012 0.233 109.897 0.275
202103 0.417 111.754 0.485
202106 0.610 114.631 0.691
202109 0.639 115.734 0.717
202112 0.801 117.630 0.884
202203 0.913 121.301 0.977
202206 -0.921 125.017 -0.957
202209 -3.198 125.227 -3.316
202212 -3.367 125.222 -3.492
202303 -3.323 127.348 -3.389
202306 -3.125 128.729 -3.152
202309 -3.224 129.860 -3.224

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.


USD Partners LP  (OTCPK:USDP) 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.


USD Partners LP Cyclically Adjusted PB Ratio Related Terms

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


USD Partners LP (USD Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
811 Main Street, Suite 2800, Houston, TX, USA, 77002
USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in onsite tanks, inbound and outbound pipeline connectivity, truck transloading, and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.
Executives
Jeffrey P. Wood director, other: SEE REMARKS EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Keith Benson officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Francesco Ciabatti director, other: See Remarks. 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Dan Borgen director, officer: SEE REMARKS 9500 NEW CENTURY, PASADENA TX 77507
Michael Ray Curry director, other: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii, Lp 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Michael Jay Stanford officer: Vice President, CAO 811 MAIN ST., SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Gp Iii, Lp director, 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
G Stacy Smith director, other: SEE REMARKS 300 CRESCENT COURT SUITE 1111, DALLAS TX 75201
Ecp Controlco, Llc director, 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
Joshua Dean Ruple officer: SEE REMARKS 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Schuyler Coppedge director, other: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Paul Leray Tucker officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Adam K Altsuler officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii-b (usd Ip), Lp director, 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078

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