GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Oil Corp (MIL:1USS) » Definitions » Cyclically Adjusted PB Ratio

Marathon Oil (MIL:1USS) Cyclically Adjusted PB Ratio : 1.33 (As of May. 28, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Marathon Oil Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Marathon Oil's current share price is €23.83. Marathon Oil's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €17.93. Marathon Oil's Cyclically Adjusted PB Ratio for today is 1.33.

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

MIL:1USS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.64   Max: 1.53
Current: 1.13

During the past years, Marathon Oil's highest Cyclically Adjusted PB Ratio was 1.53. The lowest was 0.14. And the median was 0.64.

MIL:1USS's Cyclically Adjusted PB Ratio is ranked worse than
55.01% of 818 companies
in the Oil & Gas industry
Industry Median: 0.98 vs MIL:1USS: 1.13

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.

Marathon Oil's adjusted book value per share data for the three months ended in Mar. 2024 was €18.050. 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 €17.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marathon Oil Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Marathon Oil'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.

Marathon Oil Cyclically Adjusted PB Ratio Chart

Marathon Oil 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 0.52 0.28 0.70 1.15 1.06

Marathon Oil 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 1.02 0.98 1.15 1.06 1.25

Competitive Comparison of Marathon Oil's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Marathon Oil'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.


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

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

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



Marathon Oil 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.

Marathon Oil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.83/17.93
=1.33

* 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.

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

For example, Marathon Oil'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)
=18.05/131.7762*131.7762
=18.050

Current CPI (Mar. 2024) = 131.7762.

Marathon Oil Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.728 100.560 28.473
201409 23.252 100.428 30.510
201412 25.255 99.070 33.593
201503 28.281 99.621 37.409
201506 26.609 100.684 34.826
201509 25.447 100.392 33.402
201512 25.158 99.792 33.221
201603 20.492 100.470 26.877
201606 20.102 101.688 26.050
201609 19.905 101.861 25.751
201612 19.633 101.863 25.399
201703 13.842 102.862 17.733
201706 12.989 103.349 16.562
201709 11.623 104.136 14.708
201712 11.639 104.011 14.746
201803 11.441 105.290 14.319
201806 12.160 106.317 15.072
201809 12.317 106.507 15.239
201812 13.016 105.998 16.181
201903 13.176 107.251 16.189
201906 13.320 108.070 16.242
201909 13.910 108.329 16.921
201912 13.741 108.420 16.701
202003 13.681 108.902 16.555
202006 12.561 108.767 15.218
202009 11.705 109.815 14.046
202012 11.003 109.897 13.194
202103 11.375 111.754 13.413
202106 11.187 114.631 12.860
202109 11.631 115.734 13.243
202112 12.728 117.630 14.259
202203 14.394 121.301 15.637
202206 15.833 125.017 16.689
202209 17.572 125.227 18.491
202212 16.996 125.222 17.886
202303 17.100 127.348 17.695
202306 17.126 128.729 17.531
202309 17.828 129.860 18.091
202312 17.808 129.419 18.132
202403 18.050 131.776 18.050

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.


Marathon Oil  (MIL:1USS) 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.


Marathon Oil Cyclically Adjusted PB Ratio Related Terms

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


Marathon Oil (MIL:1USS) Business Description

Industry
Traded in Other Exchanges
Address
990 Town and Country Boulevard, Houston, TX, USA, 77024-2217
Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.

Marathon Oil (MIL:1USS) Headlines

No Headlines