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BWX Technologies (BWX Technologies) Cyclically Adjusted PB Ratio : 13.59 (As of May. 22, 2024)


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What is BWX Technologies Cyclically Adjusted PB Ratio?

As of today (2024-05-22), BWX Technologies's current share price is $88.46. BWX Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.51. BWX Technologies's Cyclically Adjusted PB Ratio for today is 13.59.

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

BWXT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.13   Med: 9.22   Max: 15.92
Current: 13.6

During the past years, BWX Technologies's highest Cyclically Adjusted PB Ratio was 15.92. The lowest was 6.13. And the median was 9.22.

BWXT's Cyclically Adjusted PB Ratio is ranked worse than
94.09% of 203 companies
in the Aerospace & Defense industry
Industry Median: 2.44 vs BWXT: 13.60

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.

BWX Technologies's adjusted book value per share data for the three months ended in Mar. 2024 was $10.352. 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 $6.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BWX Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BWX Technologies'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.

BWX Technologies Cyclically Adjusted PB Ratio Chart

BWX Technologies 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 10.25 9.82 7.47 8.88 11.83

BWX Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.57 10.84 11.36 11.83 15.77

Competitive Comparison of BWX Technologies's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, BWX Technologies'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.


BWX Technologies's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, BWX Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



BWX Technologies 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.

BWX Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=88.46/6.51
=13.59

* 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.

BWX Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BWX Technologies'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)
=10.352/131.7762*131.7762
=10.352

Current CPI (Mar. 2024) = 131.7762.

BWX Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.414 100.560 13.647
201409 10.554 100.428 13.848
201412 9.361 99.070 12.451
201503 9.648 99.621 12.762
201506 2.259 100.684 2.957
201509 2.973 100.392 3.902
201512 2.523 99.792 3.332
201603 2.569 100.470 3.369
201606 2.823 101.688 3.658
201609 1.192 101.861 1.542
201612 1.511 101.863 1.955
201703 2.079 102.862 2.663
201706 2.659 103.349 3.390
201709 3.099 104.136 3.922
201712 2.871 104.011 3.637
201803 3.463 105.290 4.334
201806 3.895 106.317 4.828
201809 3.975 106.507 4.918
201812 2.474 105.998 3.076
201903 2.553 107.251 3.137
201906 3.091 108.070 3.769
201909 3.722 108.329 4.528
201912 4.240 108.420 5.153
202003 4.510 108.902 5.457
202006 5.053 108.767 6.122
202009 5.773 109.815 6.928
202012 6.482 109.897 7.773
202103 6.898 111.754 8.134
202106 7.450 114.631 8.564
202109 6.272 115.734 7.141
202112 6.972 117.630 7.810
202203 7.237 121.301 7.862
202206 7.722 125.017 8.140
202209 7.813 125.227 8.222
202212 8.200 125.222 8.629
202303 8.619 127.348 8.919
202306 9.203 128.729 9.421
202309 9.529 129.860 9.670
202312 10.197 129.419 10.383
202403 10.352 131.776 10.352

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.


BWX Technologies  (NYSE:BWXT) 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.


BWX Technologies Cyclically Adjusted PB Ratio Related Terms

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


BWX Technologies (BWX Technologies) Business Description

Traded in Other Exchanges
Address
800 Main Street, 4th Floor, Lynchburg, VA, USA, 24504
BWX Technologies Inc is a specialty manufacturer & service provider of nuclear components. It operates in two segments. The government Operations segment consists of legacy Nuclear Operations Group & Nuclear Services Group segments with certain research & development activities in the areas of advanced reactors & advanced manufacturing. The commercial Operations segment consists of the legacy Nuclear Power Group segment with certain research and development & commercialization activities in the areas of medical & industrial radioisotopes & radiopharmaceuticals. The majority is from the Government Operations segment. Geographically, it operates in the United States, Canada & United Kingdom, out of which the majority is from the United States.
Executives
Michael Thomas Fitzgerald officer: VP & Chief Accounting Officer 11525 N. COMMUNITY HOUSE ROAD, SUITE 600, CHARLOTTE NC 28277
Robert L Duffy officer: SVP and Chief Admin. Officer HARRIS CORPORATION, 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Robert L Nardelli director 2455 PACES FERRY ROAD, ATLANTA GA 30339
Gerhard F Burbach director C/O THORATEC CORPORATION, 6035 STONERIDGE DRIVE, PLEASANTON CA 94588
Whitford Ronald Owen Jr officer: SVP, General Counsel and Sec. 800 MAIN STREET, LYNCHBURG VA 24504
Omar Fathi Meguid officer: SVP and Chief Digital Officer 800 MAIN STREET, LYNCHBURG VA 24504
Richard W Loving officer: SVP, Human Resources 800 MAIN STREET, LYNCHBURG VA 24504
Jason S. Kerr officer: See Remarks 11215 N. COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
John A Fees director, officer: Executive Chairman 800 MAIN STREET, 4TH FLOOR, LYNCHBURG VA 24504
Thomas E Mccabe officer: SVP & General Counsel C/O ORBITAL SCIENCES CORPORATION, 45101 WARP DRIVE, DULLES VA 20166
Kevin M Mccoy officer: Pres., Government Operations 800 MAIN STREET, LYNCHBURG NC 24504
Robb A. Lemasters director 800 MAIN STREET, LYNCHBURG VA 24504
David S Black officer: See Remarks 800 MAIN STREET, LYNCHBURG VA 24504
Rex D Geveden officer: Chief Operating Officer 800 MAIN STREET, LYNCHBURG VA 24504
Robert Fendlay Smith officer: President, Gov. Operations 800 MAIN STREET, LUNCHBURG VA 24504