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Forum Energy Technologies (FRA:1FE1) Cyclically Adjusted PB Ratio : 0.08 (As of Jun. 08, 2024)


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What is Forum Energy Technologies Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Forum Energy Technologies's current share price is €15.60. Forum Energy Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €193.16. Forum Energy Technologies's Cyclically Adjusted PB Ratio for today is 0.08.

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

FRA:1FE1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.09   Max: 0.14
Current: 0.08

During the past years, Forum Energy Technologies's highest Cyclically Adjusted PB Ratio was 0.14. The lowest was 0.01. And the median was 0.09.

FRA:1FE1's Cyclically Adjusted PB Ratio is ranked better than
93.95% of 826 companies
in the Oil & Gas industry
Industry Median: 1.025 vs FRA:1FE1: 0.08

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.

Forum Energy Technologies's adjusted book value per share data for the three months ended in Mar. 2024 was €33.419. 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 €193.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forum Energy Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Forum Energy 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.

Forum Energy Technologies Cyclically Adjusted PB Ratio Chart

Forum Energy 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 0.13 0.05 0.06 0.12 0.10

Forum Energy 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 0.11 0.11 0.11 0.10 0.09

Competitive Comparison of Forum Energy Technologies's Cyclically Adjusted PB Ratio

For the Oil & Gas Equipment & Services subindustry, Forum Energy 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.


Forum Energy Technologies's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



Forum Energy 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.60/193.16
=0.08

* 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.

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

For example, Forum Energy 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)
=33.419/131.7762*131.7762
=33.419

Current CPI (Mar. 2024) = 131.7762.

Forum Energy Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 234.754 100.560 307.629
201409 251.319 100.428 329.768
201412 252.157 99.070 335.403
201503 285.843 99.621 378.106
201506 283.583 100.684 371.157
201509 282.045 100.392 370.219
201512 255.127 99.792 336.896
201603 244.423 100.470 320.583
201606 233.107 101.688 302.080
201609 229.605 101.861 297.037
201612 245.211 101.863 317.221
201703 239.001 102.862 306.183
201706 216.863 103.349 276.513
201709 204.740 104.136 259.084
201712 220.173 104.011 278.947
201803 215.629 105.290 269.873
201806 222.982 106.317 276.379
201809 223.357 106.507 276.350
201812 165.823 105.998 206.151
201903 165.803 107.251 203.718
201906 164.042 108.070 200.027
201909 79.866 108.329 97.152
201912 79.082 108.420 96.118
202003 71.846 108.902 86.937
202006 70.308 108.767 85.181
202009 65.129 109.815 78.154
202012 59.827 109.897 71.738
202103 56.956 111.754 67.160
202106 53.349 114.631 61.328
202109 51.827 115.734 59.011
202112 51.702 117.630 57.920
202203 49.956 121.301 54.270
202206 51.004 125.017 53.762
202209 53.097 125.227 55.874
202212 51.270 125.222 53.954
202303 38.360 127.348 39.694
202306 38.137 128.729 39.040
202309 38.344 129.860 38.910
202312 37.122 129.419 37.798
202403 33.419 131.776 33.419

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.


Forum Energy Technologies  (FRA:1FE1) 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.


Forum Energy Technologies Cyclically Adjusted PB Ratio Related Terms

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


Forum Energy Technologies (FRA:1FE1) Business Description

Traded in Other Exchanges
Address
10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064
Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.

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