Etrion (Etrion) Cyclically Adjusted PB Ratio : 0.00 (As of May. 24, 2024)

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What is Etrion Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Etrion's current share price is $0.0001. Etrion's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $0.04. Etrion's Cyclically Adjusted PB Ratio for today is 0.00.

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

During the past years, Etrion's highest Cyclically Adjusted PB Ratio was 22.06. The lowest was 0.01. And the median was 1.29.

ETRXF's Cyclically Adjusted PB Ratio is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 1.215
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Etrion's adjusted book value per share data for the three months ended in Dec. 2023 was $0.022. 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 $0.04 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Etrion Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Etrion'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.

Etrion Cyclically Adjusted PB Ratio Chart

Etrion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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4.04

21.68

0.67

0.86

0.04

Etrion 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															0.86	0.17	0.17	0.15	0.04

Competitive Comparison of Etrion's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Etrion'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.

Etrion's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Etrion's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Etrion 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.

Etrion's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.0001	/	0.04
	=	0.00

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

For example, Etrion'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)
	=	0.022	/	106.4612	*	106.4612
	=	0.022

Current CPI (Dec. 2023) = 106.4612.

Etrion Quarterly Data

	Book Value per Share	CPI	Adj_Book
201403	0.160	101.224	0.168
201406	0.142	101.517	0.149
201409	0.135	101.247	0.142
201412	0.090	100.704	0.095
201503	0.083	100.339	0.088
201506	0.076	100.464	0.081
201509	0.062	99.785	0.066
201512	0.021	99.386	0.022
201603	-0.025	99.475	-0.027
201606	-0.034	100.088	-0.036
201609	-0.215	99.604	-0.230
201612	-0.044	99.380	-0.047
201703	-0.057	100.040	-0.061
201706	-0.073	100.285	-0.077
201709	0.039	100.254	0.041
201712	0.027	100.213	0.029
201803	0.022	100.836	0.023
201806	0.017	101.435	0.018
201809	0.013	101.246	0.014
201812	0.005	100.906	0.005
201903	-0.002	101.571	-0.002
201906	0.000	102.044	0.000
201909	0.006	101.396	0.006
201912	-0.009	101.063	-0.009
202003	-0.017	101.048	-0.018
202006	-0.011	100.743	-0.012
202009	0.075	100.585	0.079
202012	0.064	100.241	0.068
202103	0.057	100.800	0.060
202106	0.367	101.352	0.386
202109	0.061	101.533	0.064
202112	0.052	101.776	0.054
202203	0.047	103.205	0.048
202206	0.041	104.783	0.042
202209	0.039	104.835	0.040
202212	0.039	104.666	0.040
202303	0.037	106.245	0.037
202306	0.029	106.576	0.029
202309	0.025	106.570	0.025
202312	0.022	106.461	0.022

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.

Etrion (OTCPK:ETRXF) 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.

Etrion Cyclically Adjusted PB Ratio Related Terms

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