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Gulf Island Fabrication (Gulf Island Fabrication) Cyclically Adjusted Book per Share : $15.04 (As of Mar. 2024)


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What is Gulf Island Fabrication 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.

Gulf Island Fabrication's adjusted book value per share for the three months ended in Mar. 2024 was $5.275. 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 $15.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gulf Island Fabrication's average Cyclically Adjusted Book Growth Rate was -10.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -4.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.40% 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 Gulf Island Fabrication was 12.60% per year. The lowest was -5.00% per year. And the median was 3.80% per year.

As of today (2024-05-15), Gulf Island Fabrication's current stock price is $6.69. Gulf Island Fabrication's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.04. Gulf Island Fabrication's Cyclically Adjusted PB Ratio of today is 0.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gulf Island Fabrication was 1.49. The lowest was 0.15. And the median was 0.42.


Gulf Island Fabrication Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gulf Island Fabrication'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.

Gulf Island Fabrication Cyclically Adjusted Book per Share Chart

Gulf Island Fabrication 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 19.28 18.13 17.69 16.92 15.53

Gulf Island Fabrication 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 16.75 16.47 16.09 15.53 15.04

Competitive Comparison of Gulf Island Fabrication's Cyclically Adjusted Book per Share

For the Metal Fabrication subindustry, Gulf Island Fabrication'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.


Gulf Island Fabrication's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gulf Island Fabrication's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Gulf Island Fabrication 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, Gulf Island Fabrication'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)
=5.275/129.4194*129.4194
=5.275

Current CPI (Mar. 2024) = 129.4194.

Gulf Island Fabrication Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.375 100.560 24.935
201409 19.814 100.428 25.534
201412 19.657 99.070 25.679
201503 19.591 99.621 25.451
201506 19.630 100.684 25.232
201509 18.741 100.392 24.160
201512 17.640 99.792 22.877
201603 17.677 100.470 22.770
201606 18.105 101.688 23.042
201609 18.187 101.861 23.107
201612 17.899 101.863 22.741
201703 17.239 102.862 21.690
201706 16.568 103.349 20.747
201709 16.419 104.136 20.405
201712 14.721 104.011 18.317
201803 14.232 105.290 17.494
201806 14.318 106.317 17.429
201809 13.636 106.507 16.570
201812 13.327 105.998 16.272
201903 12.989 107.251 15.674
201906 12.696 108.070 15.204
201909 12.255 108.329 14.641
201912 10.003 108.420 11.940
202003 10.374 108.902 12.329
202006 10.021 108.767 11.924
202009 9.228 109.815 10.875
202012 8.104 109.897 9.544
202103 6.956 111.754 8.056
202106 6.781 114.631 7.656
202109 7.147 115.734 7.992
202112 6.651 117.630 7.318
202203 6.301 121.301 6.723
202206 6.302 125.017 6.524
202209 6.365 125.227 6.578
202212 6.425 125.222 6.640
202303 6.413 127.348 6.517
202306 6.398 128.729 6.432
202309 4.389 129.860 4.374
202312 4.857 129.419 4.857
202403 5.275 129.419 5.275

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


Gulf Island Fabrication  (NAS:GIFI) 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.

Gulf Island Fabrication's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.69/15.04
=0.44

* 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 Gulf Island Fabrication was 1.49. The lowest was 0.15. And the median was 0.42.


Be Aware

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


Gulf Island Fabrication Cyclically Adjusted Book per Share Related Terms

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


Gulf Island Fabrication (Gulf Island Fabrication) Business Description

Traded in Other Exchanges
N/A
Address
2170 Buckthorne Place, Suite 420, The Woodlands, TX, USA, 77380
Gulf Island Fabrication Inc is a U.S.-based company that is a fabricator of complex steel structures and marine vessels. The company also provides installation, hook-up, commissioning, repair, and maintenance services with specialized crews. The company operates through segments namely Fabrication division fabricates structures such as offshore drilling and production platforms and other steel structures for customers in the oil and gas industries; the Shipyards division manufactures newly built and repairs various steel marine vessels in the United States; the Services division provides interconnect piping services on offshore platforms, welding, and inshore structures and also provides maintenance and industrial facilities.
Executives
Robert M Averick director, 10 percent owner KOKINO LLC, 201 TRESSER BOULEVARD, 3RD FLOOR, STAMFORD CT 06901
Jay Troger director 2170 BUCKTHORNE PLACE, SUITE 420, THE WOODLANDS TX 77380
William E Chiles director C/O ENSCO INTERNTIONAL INC, 1445 ROSS AVE, DALLAS TX 75202-2792
Murray W. Burns director 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084
Matthew R Oubre other: SVP, Commercial 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
Richard W. Heo director, officer: President & CEO 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
C D Richard director
Michael A Flick director 2000 W SAM HOUSTON PARKWAY SOUTH, SUITE 1700, HOUSTON TX 77042
Michael J Keeffe director 400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Thomas M. Smouse officer: VP, Chief Human Resources Offi 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
James L. Morvant other: SVP, Fabrication & Services 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084
Piton Capital Partners Llc 10 percent owner C/O NORTH BAY ASSOCIATES, 14000 QUAIL SPRINGS PARKWAY, SUITE 2200, OKLAHOMA CITY OK 73134
Gregory J Cotter director 583 THOMPSON RD, HOUMA LA 70363
Christian G Vaccari other: Executive VP of Subsidiary 1100 POYDAS ST, STE 2000, NEW ORLEAN LA 70163
Donald John Mackay other: Executive VP of Subsidiary 16225 PARK TEN PLACE, SUITE 300, HOUSTON TX 77084

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