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Boralex (Boralex) Cyclically Adjusted PB Ratio : 2.28 (As of Apr. 28, 2024)


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What is Boralex Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Boralex's current share price is $19.75. Boralex's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.67. Boralex's Cyclically Adjusted PB Ratio for today is 2.28.

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

BRLXF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.3   Max: 5.88
Current: 2.34

During the past years, Boralex's highest Cyclically Adjusted PB Ratio was 5.88. The lowest was 1.24. And the median was 2.30.

BRLXF's Cyclically Adjusted PB Ratio is ranked worse than
77.87% of 253 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.13 vs BRLXF: 2.34

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.

Boralex's adjusted book value per share data for the three months ended in Dec. 2023 was $11.815. 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 $8.67 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boralex Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Boralex'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.

Boralex Cyclically Adjusted PB Ratio Chart

Boralex 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 2.58 5.03 3.55 3.70 2.88

Boralex 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 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 3.70 3.71 3.18 2.52 2.88

Competitive Comparison of Boralex's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Boralex'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.


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

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

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



Boralex 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.75/8.67
=2.28

* 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.

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

For example, Boralex'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)
=11.815/125.4675*125.4675
=11.815

Current CPI (Dec. 2023) = 125.4675.

Boralex Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.481 98.604 10.792
201406 8.142 99.473 10.270
201409 7.605 99.394 9.600
201412 6.842 98.367 8.727
201503 6.058 99.789 7.617
201506 6.329 100.500 7.901
201509 6.336 100.421 7.916
201512 6.130 99.947 7.695
201603 6.215 101.054 7.717
201606 6.040 102.002 7.430
201609 5.718 101.765 7.050
201612 5.689 101.449 7.036
201703 6.622 102.634 8.095
201706 6.721 103.029 8.185
201709 7.115 103.345 8.638
201712 7.035 103.345 8.541
201803 7.264 105.004 8.680
201806 6.699 105.557 7.963
201809 7.617 105.636 9.047
201812 7.310 105.399 8.702
201903 6.935 106.979 8.134
201906 6.686 107.690 7.790
201909 6.256 107.611 7.294
201912 6.770 107.769 7.882
202003 6.238 107.927 7.252
202006 6.120 108.401 7.083
202009 7.142 108.164 8.285
202012 7.524 108.559 8.696
202103 8.234 110.298 9.366
202106 8.142 111.720 9.144
202109 7.660 112.905 8.512
202112 7.621 113.774 8.404
202203 8.590 117.646 9.161
202206 12.882 120.806 13.379
202209 12.198 120.648 12.685
202212 12.041 120.964 12.489
202303 11.905 122.702 12.173
202306 12.392 124.203 12.518
202309 12.348 125.230 12.371
202312 11.815 125.468 11.815

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.


Boralex  (OTCPK:BRLXF) 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.


Boralex Cyclically Adjusted PB Ratio Related Terms

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


Boralex (Boralex) Business Description

Traded in Other Exchanges
Address
36, Rue Lajeunesse, Juridique, Kingsey Falls, QC, CAN, J0A 1B0
Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy power stations in Canada, France, the United States and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.