GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Orlen SA (OTCPK:PSKOF) » Definitions » Cyclically Adjusted PB Ratio

Orlen (PSKOF) Cyclically Adjusted PB Ratio : 0.66 (As of Jun. 02, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Orlen Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Orlen's current share price is $18.20. Orlen's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $27.52. Orlen's Cyclically Adjusted PB Ratio for today is 0.66.

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

PSKOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.67   Max: 1.18
Current: 0.56

During the past years, Orlen's highest Cyclically Adjusted PB Ratio was 1.18. The lowest was 0.51. And the median was 0.67.

PSKOF's Cyclically Adjusted PB Ratio is ranked better than
65.74% of 823 companies
in the Oil & Gas industry
Industry Median: 1 vs PSKOF: 0.56

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.

Orlen's adjusted book value per share data for the three months ended in Mar. 2024 was $33.373. 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 $27.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orlen Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Orlen'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.

Orlen Cyclically Adjusted PB Ratio Chart

Orlen 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 - 0.82 0.93 0.65 0.60

Orlen 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 0.56 0.61 0.55 0.60 0.58

Competitive Comparison of Orlen's Cyclically Adjusted PB Ratio

For the Oil & Gas Integrated subindustry, Orlen'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.


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

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

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



Orlen 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.

Orlen's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.20/27.52
=0.66

* 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.

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

For example, Orlen'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)
=33.373/149.0435*149.0435
=33.373

Current CPI (Mar. 2024) = 149.0435.

Orlen Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.288 101.180 18.101
201409 12.558 100.611 18.603
201412 11.142 100.122 16.586
201503 11.693 100.041 17.421
201506 12.177 100.448 18.068
201509 13.112 99.634 19.614
201512 13.161 99.471 19.720
201603 13.312 98.983 20.045
201606 13.861 99.552 20.752
201609 14.756 99.064 22.201
201612 15.885 100.366 23.589
201703 17.132 101.018 25.277
201706 17.278 101.180 25.451
201709 18.298 101.343 26.911
201712 19.111 102.564 27.772
201803 19.129 102.564 27.798
201806 19.535 103.378 28.164
201809 20.677 103.378 29.811
201812 21.206 103.785 30.453
201903 21.613 104.274 30.893
201906 21.742 105.983 30.576
201909 22.683 105.983 31.899
201912 22.909 107.123 31.874
202003 21.559 109.076 29.459
202006 23.649 109.402 32.218
202009 23.852 109.320 32.519
202012 24.690 109.565 33.586
202103 25.868 112.658 34.223
202106 26.461 113.960 34.607
202109 28.168 115.588 36.321
202112 30.691 119.088 38.411
202203 32.415 125.031 38.641
202206 33.885 131.705 38.346
202209 34.838 135.531 38.311
202212 31.067 139.113 33.285
202303 32.647 145.950 33.339
202306 32.313 147.009 32.760
202309 33.080 146.113 33.743
202312 33.257 147.741 33.550
202403 33.373 149.044 33.373

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.


Orlen  (OTCPK:PSKOF) 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.


Orlen Cyclically Adjusted PB Ratio Related Terms

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


Orlen (PSKOF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Orlen SA (OTCPK:PSKOF) » Definitions » Cyclically Adjusted PB Ratio
Address
Chemikow 7 Street, Plock, POL, 09-411
Orlen SA is an energy conglomerate that refines and distributes oil in Poland, the Czech Republic, Germany, and Lithuania. Through a group of refineries, it processes crude oil into gasoline, diesel oil, fuel oil, and aviation fuel. The company also produces petrochemicals and products used by chemical companies as feedstock. Additional operations include exploration and production activities in Poland, where it is domiciled, and Canada. Oil products are offered through thousands of service stations, which is supported by logistics infrastructure. This infrastructure includes surface and underground storage depots and a long-distance pipeline network.