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Birchcliff Energy (Birchcliff Energy) Cyclically Adjusted PB Ratio : 0.76 (As of Jun. 08, 2024)


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What is Birchcliff Energy Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Birchcliff Energy's current share price is $4.48. Birchcliff Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $5.87. Birchcliff Energy's Cyclically Adjusted PB Ratio for today is 0.76.

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

BIREF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 1   Max: 3.24
Current: 0.77

During the past years, Birchcliff Energy's highest Cyclically Adjusted PB Ratio was 3.24. The lowest was 0.10. And the median was 1.00.

BIREF's Cyclically Adjusted PB Ratio is ranked better than
57.14% of 826 companies
in the Oil & Gas industry
Industry Median: 1.025 vs BIREF: 0.77

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.

Birchcliff Energy's adjusted book value per share data for the three months ended in Mar. 2024 was $6.026. 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 $5.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Birchcliff Energy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Birchcliff Energy'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.

Birchcliff Energy Cyclically Adjusted PB Ratio Chart

Birchcliff Energy 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 0.40 0.27 0.94 1.26 0.74

Birchcliff Energy 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 1.00 1.01 0.98 0.74 0.67

Competitive Comparison of Birchcliff Energy's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Birchcliff 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.


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

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

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



Birchcliff Energy 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.

Birchcliff Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.48/5.87
=0.76

* 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.

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

For example, Birchcliff Energy'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)
=6.026/126.2576*126.2576
=6.026

Current CPI (Mar. 2024) = 126.2576.

Birchcliff Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.858 99.473 7.435
201409 6.244 99.394 7.932
201412 6.066 98.367 7.786
201503 5.531 99.789 6.998
201506 5.628 100.500 7.070
201509 5.274 100.421 6.631
201512 5.061 99.947 6.393
201603 5.190 101.054 6.484
201606 3.017 102.002 3.734
201609 4.913 101.765 6.095
201612 4.864 101.449 6.053
201703 4.914 102.634 6.045
201706 4.982 103.029 6.105
201709 5.007 103.345 6.117
201712 4.875 103.345 5.956
201803 4.841 105.004 5.821
201806 4.773 105.557 5.709
201809 4.811 105.636 5.750
201812 4.852 105.399 5.812
201903 4.905 106.979 5.789
201906 4.897 107.690 5.741
201909 4.766 107.611 5.592
201912 4.723 107.769 5.533
202003 4.319 107.927 5.053
202006 4.339 108.401 5.054
202009 4.394 108.164 5.129
202012 4.656 108.559 5.415
202103 4.810 110.298 5.506
202106 5.072 111.720 5.732
202109 5.294 112.905 5.920
202112 5.536 113.774 6.143
202203 5.932 117.646 6.366
202206 6.384 120.806 6.672
202209 6.767 120.648 7.082
202212 6.675 120.964 6.967
202303 6.362 122.702 6.546
202306 6.530 124.203 6.638
202309 6.314 125.230 6.366
202312 6.209 125.072 6.268
202403 6.026 126.258 6.026

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.


Birchcliff Energy  (OTCPK:BIREF) 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.


Birchcliff Energy Cyclically Adjusted PB Ratio Related Terms

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Birchcliff Energy (Birchcliff Energy) Business Description

Industry
Traded in Other Exchanges
Address
600 - 3rd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 0G5
Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes. Natural gas production accounts for the majority of Birchcliff's revenue.