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ClearSign Technologies (ClearSign Technologies) Cyclically Adjusted PB Ratio : 1.58 (As of May. 26, 2024)


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What is ClearSign Technologies Cyclically Adjusted PB Ratio?

As of today (2024-05-26), ClearSign Technologies's current share price is $0.90. ClearSign Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.57. ClearSign Technologies's Cyclically Adjusted PB Ratio for today is 1.58.

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

CLIR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 1.79   Max: 9.05
Current: 1.58

During the past years, ClearSign Technologies's highest Cyclically Adjusted PB Ratio was 9.05. The lowest was 0.81. And the median was 1.79.

CLIR's Cyclically Adjusted PB Ratio is ranked better than
63.67% of 2089 companies
in the Industrial Products industry
Industry Median: 1.86 vs CLIR: 1.58

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.

ClearSign Technologies's adjusted book value per share data for the three months ended in Mar. 2024 was $0.114. 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 $0.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ClearSign Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ClearSign Technologies'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.

ClearSign Technologies Cyclically Adjusted PB Ratio Chart

ClearSign Technologies 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 1.22 4.63 2.06 0.85 1.90

ClearSign Technologies 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 1.29 2.16 1.82 1.90 1.69

Competitive Comparison of ClearSign Technologies's Cyclically Adjusted PB Ratio

For the Pollution & Treatment Controls subindustry, ClearSign Technologies'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.


ClearSign Technologies's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



ClearSign Technologies 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.

ClearSign Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.90/0.57
=1.58

* 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.

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

For example, ClearSign Technologies'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)
=0.114/131.7762*131.7762
=0.114

Current CPI (Mar. 2024) = 131.7762.

ClearSign Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.683 100.560 0.895
201409 0.522 100.428 0.685
201412 0.306 99.070 0.407
201503 1.411 99.621 1.866
201506 1.293 100.684 1.692
201509 1.160 100.392 1.523
201512 0.977 99.792 1.290
201603 0.792 100.470 1.039
201606 0.616 101.688 0.798
201609 0.335 101.861 0.433
201612 0.173 101.863 0.224
201703 0.593 102.862 0.760
201706 0.460 103.349 0.587
201709 0.311 104.136 0.394
201712 0.156 104.011 0.198
201803 0.568 105.290 0.711
201806 0.463 106.317 0.574
201809 0.725 106.507 0.897
201812 0.633 105.998 0.787
201903 0.559 107.251 0.687
201906 0.476 108.070 0.580
201909 0.401 108.329 0.488
201912 0.345 108.420 0.419
202003 0.285 108.902 0.345
202006 0.237 108.767 0.287
202009 0.365 109.815 0.438
202012 0.317 109.897 0.380
202103 0.381 111.754 0.449
202106 0.373 114.631 0.429
202109 0.298 115.734 0.339
202112 0.262 117.630 0.294
202203 0.235 121.301 0.255
202206 0.280 125.017 0.295
202209 0.284 125.227 0.299
202212 0.251 125.222 0.264
202303 0.223 127.348 0.231
202306 0.186 128.729 0.190
202309 0.154 129.860 0.156
202312 0.134 129.419 0.136
202403 0.114 131.776 0.114

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.


ClearSign Technologies  (NAS:CLIR) 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.


ClearSign Technologies Cyclically Adjusted PB Ratio Related Terms

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


ClearSign Technologies (ClearSign Technologies) Business Description

Traded in Other Exchanges
Address
8023 East 63rd Place, Suite 101, Tulsa, OK, USA, 74133
ClearSign Technologies Corp is engaged in providing solutions to some of the pressing productivity, energy efficiency, and pollution problems affecting the energy, oil, and gas production, boiler, and processing industries. It believes that its patented ClearSign Core technology can enhance the performance of combustion systems in a broad range of markets, including the energy (upstream oil production and downstream refining), institutional, commercial, and industrial boiler, chemical, and petrochemical industries. The company offers products that include process burners, boiler burners, flares, and ClearSign Eye.
Executives
Lacy Catharine De director 6 VILLAGE NORTH DR, #107, HILTON HEAD SC 29926
Gary J. Dielsi director 18 PIERREPONT DRIVE, RIDGEFIELD CT 06877
Hoffman Robert Thurston Sr director, 10 percent owner 119 WARREN AVENUE, SPRING LAKE NJ 07762
Bruce Alan Pate director 23235 WALLING RD., GEYSERVILLE CA 95441
Brent Hinds officer: VP and Controller 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168
Judith S Schrecker director 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168
Susanne Meline director P.O. BOX 515381, #86506, LOS ANGELES CA 90051
Deller Colin James officer: Chief Executive Officer C/O CLEARSIGN COMBUSTION CORP., 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168
Donald W Kendrick officer: Chief Technology Officer 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168
Brian Grant Fike officer: Chief Financial Officer 12755 SE 73RD PLACE, NEWCASTLE WA 98056-1315
Stephen Michael Sock officer: SVP, Business Development 4025 RAVENSWAY CT, PEARLAND TX 77584
Lon E Bell director C/O AMERIGON INC, 5462 IRWINDALE AVENUE, IRWINDALE CA 91706
James M Simmons director
Clirspv Llc 10 percent owner 119 WARREN AVE, 3RD FLOOR, SPRING LAKE NJ 07762-1217
Princeton Opportunity Management Llc 10 percent owner 119 WARREN AVE, 3RD FLOOR, SPRING LAKE NJ 07762