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YPF (FRA:YPF) Cyclically Adjusted PB Ratio : 10.65 (As of Jun. 02, 2024)


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What is YPF Cyclically Adjusted PB Ratio?

As of today (2024-06-02), YPF's current share price is €21.40. YPF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €2.01. YPF's Cyclically Adjusted PB Ratio for today is 10.65.

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

FRA:YPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 2.78   Max: 12.19
Current: 10.84

During the past years, YPF's highest Cyclically Adjusted PB Ratio was 12.19. The lowest was 0.97. And the median was 2.78.

FRA:YPF's Cyclically Adjusted PB Ratio is ranked worse than
97.69% of 823 companies
in the Oil & Gas industry
Industry Median: 1 vs FRA:YPF: 10.84

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.

YPF's adjusted book value per share data for the three months ended in Mar. 2024 was €22.954. 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 €2.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


YPF Cyclically Adjusted PB Ratio Historical Data

The historical data trend for YPF'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.

YPF Cyclically Adjusted PB Ratio Chart

YPF 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 2.60 1.46 1.11 2.97 9.02

YPF 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 3.64 5.46 6.06 9.02 9.09

Competitive Comparison of YPF's Cyclically Adjusted PB Ratio

For the Oil & Gas Integrated subindustry, YPF'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.


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

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

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



YPF 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.40/2.01
=10.65

* 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.

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

For example, YPF'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)
=22.954/131.7762*131.7762
=22.954

Current CPI (Mar. 2024) = 131.7762.

YPF Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.848 100.560 19.457
201409 16.321 100.428 21.416
201412 17.684 99.070 23.522
201503 20.572 99.621 27.212
201506 20.329 100.684 26.607
201509 20.807 100.392 27.312
201512 21.700 99.792 28.655
201603 21.385 100.470 28.048
201606 21.092 101.688 27.333
201609 16.540 101.861 21.398
201612 17.830 101.863 23.066
201703 17.746 102.862 22.734
201706 17.036 103.349 21.722
201709 15.740 104.136 19.918
201712 17.017 104.011 21.560
201803 17.521 105.290 21.929
201806 18.294 106.317 22.675
201809 19.167 106.507 23.715
201812 21.294 105.998 26.473
201903 21.126 107.251 25.957
201906 21.014 108.070 25.624
201909 21.106 108.329 25.674
201912 20.728 108.420 25.193
202003 21.148 108.902 25.590
202006 18.057 108.767 21.877
202009 16.243 109.815 19.491
202012 16.839 109.897 20.191
202103 17.193 111.754 20.273
202106 16.097 114.631 18.505
202109 17.043 115.734 19.405
202112 18.415 117.630 20.630
202203 19.594 121.301 21.286
202206 22.396 125.017 23.607
202209 25.751 125.227 27.098
202212 25.091 125.222 26.404
202303 25.700 127.348 26.594
202306 26.168 128.729 26.787
202309 26.171 129.860 26.557
202312 20.864 129.419 21.244
202403 22.954 131.776 22.954

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.


YPF  (FRA:YPF) 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.


YPF Cyclically Adjusted PB Ratio Related Terms

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


YPF (FRA:YPF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » YPF SA (FRA:YPF) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
Address
Macacha Guemes 515, Buenos Aires, ARG, C1106BKK
YPF SA is an Argentina-based integrated oil and gas company. It is engaged in operating a fully integrated oil and gas chain across the domestic upstream, downstream, and gas and power segments. The company's upstream operations consist of the exploration, development, and production of crude oil, natural gas, and LPG. Its downstream operations include the refining, marketing, transportation, and distribution of oil and a wide range of petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels. The company generates maximum revenue from the downstream segment.

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