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RGC Resources (RGC Resources) Cyclically Adjusted PB Ratio : 1.83 (As of Apr. 28, 2024)


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What is RGC Resources Cyclically Adjusted PB Ratio?

As of today (2024-04-28), RGC Resources's current share price is $20.51. RGC Resources's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $11.21. RGC Resources's Cyclically Adjusted PB Ratio for today is 1.83.

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

RGCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.18   Max: 3.81
Current: 1.83

During the past years, RGC Resources's highest Cyclically Adjusted PB Ratio was 3.81. The lowest was 1.37. And the median was 2.18.

RGCO's Cyclically Adjusted PB Ratio is ranked worse than
63.86% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.39 vs RGCO: 1.83

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.

RGC Resources's adjusted book value per share data for the three months ended in Dec. 2023 was $10.293. 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 $11.21 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


RGC Resources Cyclically Adjusted PB Ratio Historical Data

The historical data trend for RGC Resources'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.

RGC Resources Cyclically Adjusted PB Ratio Chart

RGC Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.41 2.62 2.30 1.96 1.54

RGC Resources 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 2.05 2.12 1.80 1.54 1.81

Competitive Comparison of RGC Resources's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Gas subindustry, RGC Resources'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.


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

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

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



RGC Resources 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.

RGC Resources's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.51/11.21
=1.83

* 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.

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

For example, RGC Resources'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)
=10.293/129.4194*129.4194
=10.293

Current CPI (Dec. 2023) = 129.4194.

RGC Resources Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.463 99.695 9.688
201406 7.405 100.560 9.530
201409 7.347 100.428 9.468
201412 7.496 99.070 9.792
201503 7.775 99.621 10.101
201506 7.704 100.684 9.903
201509 7.430 100.392 9.578
201512 7.585 99.792 9.837
201603 7.914 100.470 10.194
201606 7.891 101.688 10.043
201609 7.750 101.861 9.847
201612 7.956 101.863 10.108
201703 8.299 102.862 10.442
201706 8.252 103.349 10.334
201709 8.292 104.136 10.305
201712 8.454 104.011 10.519
201803 9.943 105.290 12.222
201806 9.946 106.317 12.107
201809 9.955 106.507 12.097
201812 10.105 105.998 12.338
201903 10.565 107.251 12.749
201906 10.508 108.070 12.584
201909 10.293 108.329 12.297
201912 10.673 108.420 12.740
202003 11.100 108.902 13.191
202006 11.077 108.767 13.180
202009 10.893 109.815 12.838
202012 11.325 109.897 13.337
202103 11.861 111.754 13.736
202106 11.872 114.631 13.404
202109 11.905 115.734 13.313
202112 12.194 117.630 13.416
202203 10.773 121.301 11.494
202206 10.769 125.017 11.148
202209 9.479 125.227 9.796
202212 9.632 125.222 9.955
202303 10.105 127.348 10.269
202306 10.096 128.729 10.150
202309 10.058 129.860 10.024
202312 10.293 129.419 10.293

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.


RGC Resources  (NAS:RGCO) 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.


RGC Resources Cyclically Adjusted PB Ratio Related Terms

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


RGC Resources (RGC Resources) Business Description

Traded in Other Exchanges
N/A
Address
519 Kimball Avenue North East, Roanoke, VA, USA, 24016
RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia and its surrounding localities as well as it also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other include the unregulated activities of the Company as well as certain corporate eliminations.
Executives
Christen Brooke Miles officer: VP, Human Resources P.O. BOX 13007, ROANOKE VA 24030
Lawrence T. Oliver officer: VP, Interim CFO, Sec. & Treas. P. O. BOX 13007, ROANOKE VA 24030
Robert B Johnston director
Jason A. Field officer: VP, Treasurer & CFO P. O. BOX 13007, ROANOKE VA 24030
Williamson John B Iii director, officer: Chairman, President & CEO PO BOX 13007, ROANOKE VA 24030
Paul W Nester officer: VP, Treasurer & CFO P.O. BOX 13007, ROANOKE VA 24030
Anita G Zucker 10 percent owner 4838 JENKINS AVE, N CHARLESTON SC 29405
Elizabeth A Mcclanahan director P. O. BOX 13007, ROANOKE VA 24030
Jacqueline L. Archer director P. O. BOX 13007, ROANOKE VA 24030
Burton Randall P. Ii other: Former VP, CFO, Sec. & Treas. P. O. BOX 13007, ROANOKE VA 24030
Shockley C James Jr officer: VP & COO P.O. BOX 13007, ROANOKE VA 24030
Wells Robert L Ii officer: VP, CIO, Asst. Sec. & Treas. P.O. BOX 13007, ROANOKE VA 24030
Nancy H Agee director PO BOX 13007, ROANOKE VA 24030
D Orazio John S officer: VP & COO Roanoke Gas Co (sub) PO BOX 13007, ROANOKE VA 24030
Smoot Raymond D Jr director P. O. BOX 13007, ROANOKE VA 24030