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Williams (BSP:W1MB34) Cyclically Adjusted Book per Share : R$60.60 (As of Mar. 2024)


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What is Williams Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Williams's adjusted book value per share for the three months ended in Mar. 2024 was R$50.713. 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 R$60.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Williams's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Williams was 20.10% per year. The lowest was -3.10% per year. And the median was 0.70% per year.

As of today (2024-05-17), Williams's current stock price is R$204.60. Williams's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$60.60. Williams's Cyclically Adjusted PB Ratio of today is 3.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Williams was 5.24. The lowest was 1.11. And the median was 2.72.


Williams Cyclically Adjusted Book per Share Historical Data

The historical data trend for Williams's Cyclically Adjusted Book per Share 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.

Williams Cyclically Adjusted Book per Share Chart

Williams Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 51.74 57.48 61.01 57.32

Williams Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 57.88 52.76 58.59 57.32 60.60

Competitive Comparison of Williams's Cyclically Adjusted Book per Share

For the Oil & Gas Midstream subindustry, Williams'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.


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

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

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



Williams Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=50.713/131.7762*131.7762
=50.713

Current CPI (Mar. 2024) = 131.7762.

Williams Quarterly Data

Book Value per Share CPI Adj_Book
201406 23.536 100.560 30.842
201409 28.571 100.428 37.489
201412 31.041 99.070 41.289
201503 34.488 99.621 45.620
201506 32.937 100.684 43.108
201509 38.495 100.392 50.529
201512 31.855 99.792 42.065
201603 28.060 100.470 36.803
201606 22.047 101.688 28.570
201609 21.081 101.861 27.272
201612 20.763 101.863 26.860
201703 31.972 102.862 40.959
201706 33.138 103.349 42.253
201709 30.752 104.136 38.914
201712 38.519 104.011 48.801
201803 37.560 105.290 47.009
201806 42.574 106.317 52.769
201809 52.864 106.507 65.406
201812 46.916 105.998 58.326
201903 45.578 107.251 56.001
201906 43.979 108.070 53.626
201909 46.178 108.329 56.173
201912 45.136 108.420 54.859
202003 49.623 108.902 60.046
202006 52.085 108.767 63.103
202009 53.555 109.815 64.265
202012 49.767 109.897 59.675
202103 54.155 111.754 63.857
202106 47.539 114.631 54.649
202109 48.542 115.734 55.270
202112 53.002 117.630 59.376
202203 46.129 121.301 50.113
202206 46.378 125.017 48.886
202209 48.579 125.227 51.120
202212 49.310 125.222 51.891
202303 50.206 127.348 51.952
202306 46.439 128.729 47.538
202309 47.926 129.860 48.633
202312 49.812 129.419 50.719
202403 50.713 131.776 50.713

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Williams  (BSP:W1MB34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Williams's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=204.60/60.6
=3.38

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Williams was 5.24. The lowest was 1.11. And the median was 2.72.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Williams Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Williams's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Williams (BSP:W1MB34) Business Description

Industry
Traded in Other Exchanges
Address
One Williams Center, PO Box 2400, Tulsa, OK, USA, 74172
Williams Companies is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% ownership of its limited partner, Williams Partners.

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