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Powell Industries (Powell Industries) Cyclically Adjusted PB Ratio : 4.55 (As of Apr. 27, 2024)


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What is Powell Industries Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Powell Industries's current share price is $148.82. Powell Industries's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $32.71. Powell Industries's Cyclically Adjusted PB Ratio for today is 4.55.

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

POWL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.25   Max: 5.5
Current: 4.47

During the past years, Powell Industries's highest Cyclically Adjusted PB Ratio was 5.50. The lowest was 0.60. And the median was 1.25.

POWL's Cyclically Adjusted PB Ratio is ranked worse than
83.06% of 1995 companies
in the Industrial Products industry
Industry Median: 1.73 vs POWL: 4.47

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.

Powell Industries's adjusted book value per share data for the three months ended in Dec. 2023 was $30.629. 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 $32.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Powell Industries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Powell Industries'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.

Powell Industries Cyclically Adjusted PB Ratio Chart

Powell Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 0.82 0.80 0.64 2.51

Powell Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.08 1.30 1.84 2.51 2.70

Competitive Comparison of Powell Industries's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Powell Industries'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.


Powell Industries's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Powell Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Powell Industries 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.

Powell Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=148.82/32.71
=4.55

* 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.

Powell Industries's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Powell Industries'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)
=30.629/129.4194*129.4194
=30.629

Current CPI (Dec. 2023) = 129.4194.

Powell Industries Quarterly Data

Book Value per Share CPI Adj_Book
201403 30.924 99.695 40.144
201406 31.221 100.560 40.181
201409 30.845 100.428 39.749
201412 30.196 99.070 39.446
201503 28.965 99.621 37.629
201506 29.492 100.684 37.909
201509 29.156 100.392 37.586
201512 28.620 99.792 37.117
201603 29.276 100.470 37.711
201606 29.368 101.688 37.377
201609 29.431 101.861 37.394
201612 28.922 101.863 36.746
201703 28.696 102.862 36.105
201706 28.446 103.349 35.622
201709 28.113 104.136 34.939
201712 27.332 104.011 34.009
201803 26.729 105.290 32.855
201806 26.281 106.317 31.992
201809 26.288 106.507 31.943
201812 25.387 105.998 30.997
201903 25.313 107.251 30.545
201906 25.592 108.070 30.648
201909 25.863 108.329 30.898
201912 26.013 108.420 31.051
202003 25.842 108.902 30.711
202006 26.137 108.767 31.100
202009 26.396 109.815 31.108
202012 26.368 109.897 31.052
202103 26.201 111.754 30.343
202106 25.911 114.631 29.254
202109 25.764 115.734 28.810
202112 25.126 117.630 27.644
202203 24.860 121.301 26.524
202206 25.121 125.017 26.006
202209 25.225 125.227 26.070
202212 25.220 125.222 26.065
202303 25.782 127.348 26.201
202306 27.323 128.729 27.470
202309 29.087 129.860 28.988
202312 30.629 129.419 30.629

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.


Powell Industries  (NAS:POWL) 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.


Powell Industries Cyclically Adjusted PB Ratio Related Terms

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


Powell Industries (Powell Industries) Business Description

Traded in Other Exchanges
Address
8550 Mosley Road, Houston, TX, USA, 77075-1180
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.
Executives
Thomas W Powell director, officer: President, CEO
Milburn E Honeycutt officer: Vice President, Corp Controlle 7 AMBERSTONE DRIVE, SUGARLAND TX 77459
John David White director 8550 MOSLEY ROAD, HOUSTON TX 77075
Alaina K Brooks director 2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201
John Stacey director C/O HARMAN INTERNATIONAL, 1101 PENNSYLVANIA AVE, NW #1010, WASHINGTON DC 20004
Katheryn Baucom Curtis director 8550 MOSLEY ROAD, HOUSTON TX 77075
Bonnie V Hancock director P O BOX 12818, HOUSTON TX 77075
Michael William Metcalf officer: Exec Vice President 8550 MOSLEY ROAD, HOUSTON TX 77075
James W Mcgill director 8550 MOSLEY ROAD, HOUSTON TX 77075
Perry L Elders director 8550 MOSLEY ROAD, HOUSTON TX 77075
Christopher E Cragg director
Richard E Williams director 8550 MOSLEY ROAD, HOUSTON X1 77075
William N. Clelland director, other: ADVISORY DIRECTOR 8550 MOSLEY ROAD, HOUSTON TX 77075
Brett Alan Cope officer: Sr VP, COO 8550 MOSLEY ROAD, HOUSTON TX 77075
Joseph L Becherer director PO BOX 12818, HOUSTON TX 77217