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Repsol (XMAD:REP) Cyclically Adjusted PB Ratio : 0.68 (As of May. 15, 2024)


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What is Repsol Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Repsol's current share price is €14.825. Repsol's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €21.72. Repsol's Cyclically Adjusted PB Ratio for today is 0.68.

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

XMAD:REP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.68   Max: 1.16
Current: 0.68

During the past years, Repsol's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.26. And the median was 0.68.

XMAD:REP's Cyclically Adjusted PB Ratio is ranked better than
60.49% of 815 companies
in the Oil & Gas industry
Industry Median: 0.99 vs XMAD:REP: 0.68

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.

Repsol's adjusted book value per share data for the three months ended in Mar. 2024 was €22.379. 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 €21.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Repsol Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Repsol'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.

Repsol Cyclically Adjusted PB Ratio Chart

Repsol 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 0.66 0.40 0.50 0.69 0.62

Repsol 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 0.66 0.61 0.71 0.62 0.71

Competitive Comparison of Repsol's Cyclically Adjusted PB Ratio

For the Oil & Gas Integrated subindustry, Repsol'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.


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

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

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



Repsol 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.825/21.72
=0.68

* 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.

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

For example, Repsol'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)
=22.379/121.2698*121.2698
=22.379

Current CPI (Mar. 2024) = 121.2698.

Repsol Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.773 101.081 23.722
201409 20.764 100.441 25.070
201412 20.808 100.251 25.171
201503 22.874 99.474 27.886
201506 22.139 101.138 26.546
201509 21.752 99.559 26.496
201512 20.642 100.268 24.966
201603 19.782 98.638 24.321
201606 19.834 100.333 23.973
201609 20.118 99.737 24.462
201612 21.062 101.842 25.080
201703 20.960 100.896 25.192
201706 19.631 101.848 23.374
201709 19.538 101.524 23.338
201712 19.544 102.975 23.016
201803 19.094 102.122 22.674
201806 19.563 104.165 22.776
201809 20.042 103.818 23.411
201812 20.052 104.193 23.338
201903 20.603 103.488 24.143
201906 20.173 104.612 23.385
201909 21.181 103.905 24.721
201912 16.433 105.015 18.977
202003 15.514 103.469 18.183
202006 14.803 104.254 17.219
202009 14.273 103.521 16.720
202012 13.287 104.456 15.426
202103 13.608 104.857 15.738
202106 13.891 107.102 15.729
202109 14.421 107.669 16.243
202112 15.318 111.298 16.690
202203 16.222 115.153 17.084
202206 17.463 118.044 17.940
202209 19.599 117.221 20.276
202212 19.059 117.650 19.645
202303 19.929 118.948 20.318
202306 20.004 120.278 20.169
202309 21.412 121.343 21.399
202312 21.529 121.270 21.529
202403 22.379 121.270 22.379

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.


Repsol  (XMAD:REP) 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.


Repsol Cyclically Adjusted PB Ratio Related Terms

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


Repsol (XMAD:REP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Repsol SA (XMAD:REP) » Definitions » Cyclically Adjusted PB Ratio
Address
Calle Mendez Alvaro, 44, Madrid, ESP, 28045
Repsol is a Spanish integrated oil and gas firm. In 2022, production was 550,000 barrels of oil equivalent a day (34% liquids), and proven reserves stood at 1.9 billion barrels of oil equivalent (33% oil). It also operates a downstream segment with refining capacity of 1.0 million barrels a day.

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