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Acadian Timber (TSX:ADN) Cyclically Adjusted PB Ratio : 0.92 (As of May. 24, 2024)


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What is Acadian Timber Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Acadian Timber's current share price is C$17.57. Acadian Timber's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$19.15. Acadian Timber's Cyclically Adjusted PB Ratio for today is 0.92.

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

TSX:ADN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.19   Max: 1.83
Current: 0.93

During the past years, Acadian Timber's highest Cyclically Adjusted PB Ratio was 1.83. The lowest was 0.83. And the median was 1.19.

TSX:ADN's Cyclically Adjusted PB Ratio is ranked worse than
51.82% of 220 companies
in the Forest Products industry
Industry Median: 0.895 vs TSX:ADN: 0.93

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.

Acadian Timber's adjusted book value per share data for the three months ended in Mar. 2024 was C$18.723. 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 C$19.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Acadian Timber Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Acadian Timber'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.

Acadian Timber Cyclically Adjusted PB Ratio Chart

Acadian Timber 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 1.16 1.06 1.17 0.84 0.91

Acadian Timber 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 0.87 0.91 0.92 0.91 0.91

Competitive Comparison of Acadian Timber's Cyclically Adjusted PB Ratio

For the Lumber & Wood Production subindustry, Acadian Timber'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.


Acadian Timber's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Acadian Timber's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Acadian Timber 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.

Acadian Timber's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.57/19.15
=0.92

* 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.

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

For example, Acadian Timber'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)
=18.723/126.2576*126.2576
=18.723

Current CPI (Mar. 2024) = 126.2576.

Acadian Timber Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.821 99.473 13.735
201409 10.851 99.394 13.784
201412 14.859 98.367 19.072
201503 15.147 99.789 19.165
201506 15.013 100.500 18.861
201509 15.261 100.421 19.187
201512 15.961 99.947 20.163
201603 15.638 101.054 19.538
201606 15.572 102.002 19.275
201609 15.558 101.765 19.303
201612 16.009 101.449 19.924
201703 15.987 102.634 19.667
201706 15.901 103.029 19.486
201709 15.741 103.345 19.231
201712 16.382 103.345 20.014
201803 16.535 105.004 19.882
201806 16.505 105.557 19.742
201809 16.445 105.636 19.655
201812 17.402 105.399 20.846
201903 17.296 106.979 20.413
201906 17.181 107.690 20.143
201909 16.330 107.611 19.160
201912 17.181 107.769 20.128
202003 17.365 107.927 20.314
202006 17.139 108.401 19.962
202009 16.979 108.164 19.819
202012 17.573 108.559 20.438
202103 17.546 110.298 20.085
202106 17.419 111.720 19.686
202109 17.393 112.905 19.450
202112 17.468 113.774 19.385
202203 17.394 117.646 18.667
202206 17.453 120.806 18.241
202209 17.553 120.648 18.369
202212 17.909 120.964 18.693
202303 18.072 122.702 18.596
202306 17.984 124.203 18.281
202309 18.067 125.230 18.215
202312 18.564 125.072 18.740
202403 18.723 126.258 18.723

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.


Acadian Timber  (TSX:ADN) 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.


Acadian Timber Cyclically Adjusted PB Ratio Related Terms

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


Acadian Timber (TSX:ADN) Business Description

Traded in Other Exchanges
Address
365 Canada Road, Edmundston, NB, CAN, E3V 1W2
Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company's operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company's product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.
Executives
Adam Douglas Sheparski Director, Senior Officer