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Suncor Energy (TSX:SU) Cyclically Adjusted Book per Share : C$32.20 (As of Dec. 2023)


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What is Suncor Energy Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Suncor Energy's adjusted book value per share for the three months ended in Dec. 2023 was C$33.547. 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$32.20 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Suncor Energy's average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Suncor Energy was 27.60% per year. The lowest was 2.70% per year. And the median was 14.80% per year.

As of today (2024-04-27), Suncor Energy's current stock price is C$53.87. Suncor Energy's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$32.20. Suncor Energy's Cyclically Adjusted PB Ratio of today is 1.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Suncor Energy was 2.58. The lowest was 0.52. And the median was 1.55.


Suncor Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for Suncor Energy's Cyclically Adjusted Book per Share 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.

Suncor Energy Cyclically Adjusted Book per Share Chart

Suncor Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.81 28.79 29.82 31.33 32.20

Suncor Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 31.33 31.70 32.02 32.20 32.20

Competitive Comparison of Suncor Energy's Cyclically Adjusted Book per Share

For the Oil & Gas Integrated subindustry, Suncor Energy'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.


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

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

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



Suncor Energy Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Suncor Energy's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=33.547/125.4675*125.4675
=33.547

Current CPI (Dec. 2023) = 125.4675.

Suncor Energy Quarterly Data

Book Value per Share CPI Adj_Book
201403 28.779 98.604 36.619
201406 28.586 99.473 36.056
201409 28.904 99.394 36.486
201412 28.809 98.367 36.746
201503 28.550 99.789 35.897
201506 28.782 100.500 35.932
201509 28.468 100.421 35.568
201512 26.998 99.947 33.892
201603 27.138 101.054 33.694
201606 26.707 102.002 32.851
201609 26.413 101.765 32.565
201612 26.758 101.449 33.093
201703 27.266 102.634 33.332
201706 27.051 103.029 32.942
201709 27.395 103.345 33.259
201712 27.656 103.345 33.576
201803 27.837 105.004 33.262
201806 27.919 105.557 33.185
201809 28.543 105.636 33.901
201812 27.773 105.399 33.061
201903 28.175 106.979 33.044
201906 29.217 107.690 34.040
201909 29.396 107.611 34.274
201912 27.445 107.769 31.952
202003 24.893 107.927 28.939
202006 23.943 108.401 27.712
202009 23.830 108.164 27.642
202012 23.445 108.559 27.097
202103 24.113 110.298 27.429
202106 24.391 111.720 27.392
202109 24.913 112.905 27.685
202112 25.404 113.774 28.015
202203 26.738 117.646 28.516
202206 28.813 120.806 29.925
202209 28.293 120.648 29.423
202212 29.434 120.964 30.530
202303 30.221 122.702 30.902
202306 31.348 124.203 31.667
202309 32.185 125.230 32.246
202312 33.547 125.468 33.547

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Suncor Energy  (TSX:SU) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Suncor Energy's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=53.87/32.2
=1.67

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Suncor Energy was 2.58. The lowest was 0.52. And the median was 1.55.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Suncor Energy Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Suncor Energy's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Suncor Energy (TSX:SU) Business Description

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Address
150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3
Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.