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Chesapeake Utilities (Chesapeake Utilities) Cyclically Adjusted PB Ratio : 2.67 (As of Apr. 27, 2024)


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What is Chesapeake Utilities Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Chesapeake Utilities's current share price is $105.13. Chesapeake Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $39.32. Chesapeake Utilities's Cyclically Adjusted PB Ratio for today is 2.67.

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

CPK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.24   Med: 3.56   Max: 4.71
Current: 2.67

During the past years, Chesapeake Utilities's highest Cyclically Adjusted PB Ratio was 4.71. The lowest was 2.24. And the median was 3.56.

CPK's Cyclically Adjusted PB Ratio is ranked worse than
79.55% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.39 vs CPK: 2.67

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.

Chesapeake Utilities's adjusted book value per share data for the three months ended in Dec. 2023 was $56.042. 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 $39.32 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chesapeake Utilities Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chesapeake Utilities'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.

Chesapeake Utilities Cyclically Adjusted PB Ratio Chart

Chesapeake Utilities 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 3.87 4.02 4.68 3.33 2.69

Chesapeake Utilities 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 3.33 3.48 3.15 2.53 2.69

Competitive Comparison of Chesapeake Utilities's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Gas subindustry, Chesapeake Utilities'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.


Chesapeake Utilities's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chesapeake Utilities's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Chesapeake Utilities 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.

Chesapeake Utilities's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=105.13/39.32
=2.67

* 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.

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

For example, Chesapeake Utilities'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)
=56.042/129.4194*129.4194
=56.042

Current CPI (Dec. 2023) = 129.4194.

Chesapeake Utilities Quarterly Data

Book Value per Share CPI Adj_Book
201403 20.180 99.695 26.197
201406 20.335 100.560 26.171
201409 20.320 100.428 26.186
201412 20.586 99.070 26.892
201503 21.722 99.621 28.219
201506 23.039 100.684 29.614
201509 23.147 100.392 29.840
201512 23.453 99.792 30.416
201603 24.453 100.470 31.499
201606 24.775 101.688 31.531
201609 26.894 101.861 34.170
201612 27.361 101.863 34.763
201703 28.216 102.862 35.501
201706 28.247 103.349 35.372
201709 28.378 104.136 35.268
201712 29.753 104.011 37.021
201803 30.876 105.290 37.952
201806 31.015 106.317 37.755
201809 31.034 106.507 37.710
201812 31.654 105.998 38.648
201903 33.156 107.251 40.009
201906 33.186 108.070 39.742
201909 33.206 108.329 39.671
201912 34.235 108.420 40.866
202003 35.546 108.902 42.243
202006 36.035 108.767 42.877
202009 36.935 109.815 43.529
202012 39.921 109.897 47.013
202103 41.457 111.754 48.010
202106 42.211 114.631 47.656
202109 42.698 115.734 47.747
202112 43.847 117.630 48.242
202203 45.459 121.301 48.501
202206 45.994 125.017 47.614
202209 45.913 125.227 47.450
202212 46.941 125.222 48.515
202303 48.263 127.348 49.048
202306 48.561 128.729 48.822
202309 48.699 129.860 48.534
202312 56.042 129.419 56.042

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.


Chesapeake Utilities  (NYSE:CPK) 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.


Chesapeake Utilities Cyclically Adjusted PB Ratio Related Terms

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


Chesapeake Utilities (Chesapeake Utilities) Business Description

Traded in Other Exchanges
Address
500 Energy Lane, Dover, DE, USA, 19901
Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.
Executives
Jeffery S Sylvester officer: Senior VP & COO 500 ENERGY LANE, DOVER DE 19901
Thomas J Bresnan director 1350 S. MILWAUKEE STREET, DENVER CO 80210
Maddock Paul L Jr director 909 SILVER LAKE BLVD, DOVER DE 19904
Hill Thomas P Jr director 909 SILVER LAKE BOULEVARD, DOVER DE 19904
Lila A Jaber director 909 SILVER LAKE BLVD, DOVER DE 19904
John R Schimkaitis director, other: Chair of the Board 909 SILVER LAKE BLVD., DOVER DE 19904
Kevin J Webber officer: Senior VP & Chief Dev. Officer 909 SILVER LAKE BLVD, DOVER DE 19904
Stephanie N Gary director 500 ENERGY LANE, DOVER DE 19901
Lisa Bisaccia director ONE CVS DRIVE, WOONSOCKET RI 02895
Michael D Galtman officer: Senior VP & CAO 500 ENERGY LANE, DOVER DE 19901
Sheree M. Petrone director 601 TRAVIS STREET, SUITE 1400, HOUSTON TX 77002
Jeffry M Householder director, other: President & CEO 909 SILVER LAKE BLVD, DOVER DE 19904
Forsythe Ronald G Jr director 909 SILVER LAKE BOULEVARD, DOVER DE 19904
Dianna Morgan director 909 SILVER LAKE BLVD, DOVER DE 19904
Beth W Cooper officer: Executive VP & CFO CHESAPEAKE UTILITIES CORPORATION, 909 SILVER LAKE BOULEVARD, DOVER DE 19904