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Northland Power (TSX:NPI) Cyclically Adjusted PB Ratio : 2.84 (As of Jun. 09, 2024)


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What is Northland Power Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Northland Power's current share price is C$24.05. Northland Power's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$8.46. Northland Power's Cyclically Adjusted PB Ratio for today is 2.84.

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

TSX:NPI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.79   Med: 3.7   Max: 9.42
Current: 2.84

During the past years, Northland Power's highest Cyclically Adjusted PB Ratio was 9.42. The lowest was 1.79. And the median was 3.70.

TSX:NPI's Cyclically Adjusted PB Ratio is ranked worse than
79.2% of 274 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.26 vs TSX:NPI: 2.84

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.

Northland Power's adjusted book value per share data for the three months ended in Mar. 2024 was C$15.988. 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$8.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Northland Power Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Northland Power'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.

Northland Power Cyclically Adjusted PB Ratio Chart

Northland Power 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 4.90 8.45 6.72 5.45 2.95

Northland Power 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 4.70 3.64 2.79 2.95 2.62

Competitive Comparison of Northland Power's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Northland Power'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.


Northland Power's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Northland Power 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.

Northland Power's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.05/8.46
=2.84

* 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.

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

For example, Northland Power'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)
=15.988/126.2576*126.2576
=15.988

Current CPI (Mar. 2024) = 126.2576.

Northland Power Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.624 99.473 5.869
201409 4.306 99.394 5.470
201412 3.824 98.367 4.908
201503 5.182 99.789 6.556
201506 4.931 100.500 6.195
201509 4.469 100.421 5.619
201512 4.290 99.947 5.419
201603 3.708 101.054 4.633
201606 3.598 102.002 4.454
201609 3.301 101.765 4.095
201612 3.903 101.449 4.857
201703 4.113 102.634 5.060
201706 4.105 103.029 5.031
201709 3.905 103.345 4.771
201712 3.904 103.345 4.770
201803 4.395 105.004 5.285
201806 4.266 105.557 5.103
201809 4.433 105.636 5.298
201812 4.475 105.399 5.361
201903 4.726 106.979 5.578
201906 4.386 107.690 5.142
201909 4.241 107.611 4.976
201912 4.449 107.769 5.212
202003 5.841 107.927 6.833
202006 6.480 108.401 7.547
202009 6.279 108.164 7.329
202012 7.578 108.559 8.813
202103 6.686 110.298 7.653
202106 9.940 111.720 11.233
202109 9.732 112.905 10.883
202112 11.001 113.774 12.208
202203 12.698 117.646 13.628
202206 13.952 120.806 14.582
202209 15.614 120.648 16.340
202212 16.984 120.964 17.727
202303 17.196 122.702 17.694
202306 16.947 124.203 17.227
202309 16.971 125.230 17.110
202312 15.848 125.072 15.998
202403 15.988 126.258 15.988

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.


Northland Power  (TSX:NPI) 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.


Northland Power Cyclically Adjusted PB Ratio Related Terms

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


Northland Power (TSX:NPI) Business Description

Address
30 St. Clair Avenue West, 17th Floor, Toronto, ON, CAN, M4V 3A1
Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
Executives
Eckhardt Guenter Ruemmler Director

Northland Power (TSX:NPI) Headlines