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Ferrellgas Partners LP (Ferrellgas Partners LP) Cyclically Adjusted PB Ratio : (As of May. 22, 2024)


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What is Ferrellgas Partners LP Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrellgas Partners LP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ferrellgas 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.

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Ferrellgas Partners LP Cyclically Adjusted PB Ratio Chart

Ferrellgas Partners LP Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PB Ratio
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Ferrellgas Partners LP Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Ferrellgas Partners LP's Cyclically Adjusted PB Ratio

For the Oil & Gas Refining & Marketing subindustry, Ferrellgas 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.


Ferrellgas Partners LP's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



Ferrellgas 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.

Ferrellgas Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Ferrellgas Partners LP's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-136.093/130.1244*130.1244
=-136.093

Current CPI (Jan. 2024) = 130.1244.

Ferrellgas Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201404 -22.708 100.023 -29.542
201407 -27.667 100.520 -35.815
201410 -33.668 100.176 -43.734
201501 -31.091 98.604 -41.030
201504 -25.195 99.824 -32.843
201507 40.598 100.691 52.466
201510 18.682 100.346 24.226
201601 10.555 99.957 13.740
201604 10.449 100.947 13.469
201607 -132.049 101.524 -169.249
201610 -152.629 101.988 -194.736
201701 -142.703 102.456 -181.239
201704 -144.138 103.167 -181.801
201707 -155.133 103.278 -195.459
201710 -162.439 104.070 -203.107
201801 -165.784 104.578 -206.282
201804 -166.382 105.708 -204.813
201807 -211.582 106.324 -258.944
201810 -227.344 106.695 -277.267
201901 -221.545 106.200 -271.454
201904 -215.645 107.818 -260.259
201907 -232.878 108.250 -279.936
201910 -243.583 108.577 -291.923
202001 -234.051 108.841 -279.819
202004 -236.542 108.173 -284.542
202007 -247.043 109.318 -294.064
202010 -254.767 109.861 -301.759
202101 -235.777 110.364 -277.992
202104 -135.294 112.673 -156.249
202107 -26.595 115.183 -30.045
202110 -30.639 116.696 -34.165
202201 -129.070 118.619 -141.589
202204 -122.899 121.978 -131.107
202207 -37.170 125.002 -38.693
202210 -154.083 125.734 -159.463
202301 -140.593 126.223 -144.939
202304 -138.904 127.992 -141.218
202307 -39.017 128.974 -39.365
202310 -151.825 129.810 -152.193
202401 -136.093 130.124 -136.093

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.


Ferrellgas Partners LP  (OTCPK:FGPR) 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.


Ferrellgas Partners LP Cyclically Adjusted PB Ratio Related Terms

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Ferrellgas Partners LP (Ferrellgas Partners LP) Business Description

Industry
Traded in Other Exchanges
Address
One Liberty Plaza, Liberty, MO, USA, 64068
Ferrellgas Partners LP operates as a propane distributor. Its operations primarily include the distribution and sale of propane and related equipment and supplies within the Midwest, Southeast, Southwest, and Northwest regions of the United States. The firm caters to residential, industrial, commercial, portable tank exchange, agricultural, wholesale and other, customers. Ferrellgas earns revenue primarily through the distribution of propane, as well as through the sale of propane related equipment and supplies.
Executives
Allen G Jones officer: VP Legal & General Counsel C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Joe Eby director 13795 S. MUR-LEN RD, STE. 301, OLATHE MO 66062
Michael E Cole officer: Chief Financial Officer C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Dhiraj Cherian officer: Chief Financial Officer C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Edward Newberry director C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Ares Management Holdings L.p. director 2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Craig Snyder director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Corp director 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Carney Hawks director C/O EXTRACTION OIL & GAS, 370 17TH STREET, SUITE 5300, DENVER CO 80202
Ares Management Llc director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Voting Llc director C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Brian Herrmann officer: Interim CFO ONE LIBERTY PLAZA, LIBERTY MO 64068