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Orion (OEC) Cyclically Adjusted Book per Share : $3.74 (As of Mar. 2024)


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What is Orion 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.

Orion's adjusted book value per share for the three months ended in Mar. 2024 was $8.441. 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 $3.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Orion's average Cyclically Adjusted Book Growth Rate was 31.70% 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.

As of today (2024-05-24), Orion's current stock price is $24.52. Orion's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.74. Orion's Cyclically Adjusted PB Ratio of today is 6.56.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Orion was 10.03. The lowest was 5.43. And the median was 7.23.


Orion Cyclically Adjusted Book per Share Historical Data

The historical data trend for Orion'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.

Orion Cyclically Adjusted Book per Share Chart

Orion 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 - - - 2.66 3.41

Orion Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.84 3.00 3.16 3.41 3.74

Competitive Comparison of Orion's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Orion'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.


Orion's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Orion's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Orion 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, Orion'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)
=8.441/131.7762*131.7762
=8.441

Current CPI (Mar. 2024) = 131.7762.

Orion Quarterly Data

Book Value per Share CPI Adj_Book
201406 -1.728 100.560 -2.264
201409 1.985 100.428 2.605
201412 1.127 99.070 1.499
201503 1.398 99.621 1.849
201506 1.195 100.684 1.564
201509 0.979 100.392 1.285
201512 0.911 99.792 1.203
201603 0.869 100.470 1.140
201606 1.005 101.688 1.302
201609 0.848 101.861 1.097
201612 0.938 101.863 1.213
201703 1.264 102.862 1.619
201706 1.222 103.349 1.558
201709 1.264 104.136 1.600
201712 1.607 104.011 2.036
201803 1.747 105.290 2.186
201806 2.202 106.317 2.729
201809 2.476 106.507 3.063
201812 2.670 105.998 3.319
201903 2.836 107.251 3.485
201906 2.779 108.070 3.389
201909 2.927 108.329 3.561
201912 3.089 108.420 3.754
202003 2.758 108.902 3.337
202006 2.493 108.767 3.020
202009 2.598 109.815 3.118
202012 2.992 109.897 3.588
202103 3.348 111.754 3.948
202106 4.986 114.631 5.732
202109 5.158 115.734 5.873
202112 5.271 117.630 5.905
202203 6.222 121.301 6.759
202206 6.505 125.017 6.857
202209 7.082 125.227 7.452
202212 7.584 125.222 7.981
202303 7.759 127.348 8.029
202306 7.916 128.729 8.103
202309 8.296 129.860 8.418
202312 8.264 129.419 8.414
202403 8.441 131.776 8.441

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


Orion  (NYSE:OEC) 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.

Orion's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.52/3.74
=6.56

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Orion was 10.03. The lowest was 5.43. And the median was 7.23.


Be Aware

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


Orion Cyclically Adjusted Book per Share Related Terms

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


Orion (OEC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Orion SA (NYSE:OEC) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
1700 City Plaza Drive, Suite 300, Spring, TX, USA, 77389
Orion SA is a supplier of carbon black, a solid form of carbon produced as powder or pellets. The company's operating segments are Specialty Carbon Black and Rubber Carbon Black. It generates maximum revenue from the Rubber Carbon Black segment. Rubber Carbon Black segment is used in the reinforcement of rubber in tires and mechanical rubber goods. The Specialty Carbon Black segment is used as pigments and performance additives in coatings, polymers, printing, and special applications. Geographically, it derives a majority of its revenue from Germany.
Executives
Painter Corning F. director, officer: Chief Executive Officer 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501
Jeffrey Glajch officer: Chief Financial Officer GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Carlos Quinones officer: Sr. VP Global Operations C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345
Robert G. Hrivnak officer: Chief Accounting Officer C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345
Sandra Niewiem officer: Sr. VP Global Specialties C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345
Anthony Lynn Davis director C/O CONVENE, 530 FIFTH AVENUE, SUITE 702, NEW YORK NY 10036
Didier Miraton director C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345
Hans Dietrich Winkhaus director C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345
Yi Hyon Paik director ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Michel Wurth director C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345
Pedro Riveros officer: Sr. VP Global Rubber C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345
Dan F Smith director 1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010
Paul E Huck director 7201 HAMILTON BLVD, ALLENTOWN PA 181951501
Kerry A Galvin director 1221 MCKINNEY ST.,, SUITE 700, HOUSTON TX 77010
Mary A Lindsey director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039