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Exxon Mobil (CHIX:XONAD) Cyclically Adjusted PB Ratio : 2.14 (As of Mar. 04, 2025)


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What is Exxon Mobil Cyclically Adjusted PB Ratio?

As of today (2025-03-04), Exxon Mobil's current share price is €106.86. Exxon Mobil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €49.87. Exxon Mobil's Cyclically Adjusted PB Ratio for today is 2.14.

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

CHIX:XONAd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 2.1   Max: 2.93
Current: 2.04

During the past years, Exxon Mobil's highest Cyclically Adjusted PB Ratio was 2.93. The lowest was 0.75. And the median was 2.10.

CHIX:XONAd's Cyclically Adjusted PB Ratio is ranked worse than
77.66% of 752 companies
in the Oil & Gas industry
Industry Median: 0.9 vs CHIX:XONAd: 2.04

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.

Exxon Mobil's adjusted book value per share data for the three months ended in Dec. 2024 was €57.853. 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 €49.87 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Exxon Mobil Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Exxon Mobil'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.

Exxon Mobil Cyclically Adjusted PB Ratio Chart

Exxon Mobil Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 1.32 2.24 1.96 2.04

Exxon Mobil Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.96 2.24 2.20 2.23 2.04

Competitive Comparison of Exxon Mobil's Cyclically Adjusted PB Ratio

For the Oil & Gas Integrated subindustry, Exxon Mobil'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.


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

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

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



Exxon Mobil 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.

Exxon Mobil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=106.86/49.87
=2.14

* 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.

Exxon Mobil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Exxon Mobil's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=57.853/133.1571*133.1571
=57.853

Current CPI (Dec. 2024) = 133.1571.

Exxon Mobil Quarterly Data

Book Value per Share CPI Adj_Book
201503 37.840 99.621 50.578
201506 36.899 100.684 48.800
201509 36.540 100.392 48.466
201512 37.730 99.792 50.345
201603 37.289 100.470 49.420
201606 36.614 101.688 47.945
201609 36.656 101.861 47.918
201612 38.241 101.863 49.989
201703 39.090 102.862 50.603
201706 37.636 103.349 48.491
201709 36.093 104.136 46.152
201712 37.414 104.011 47.898
201803 36.049 105.290 45.590
201806 37.853 106.317 47.409
201809 38.533 106.507 48.175
201812 39.789 105.998 49.984
201903 39.997 107.251 49.658
201906 40.029 108.070 49.321
201909 40.756 108.329 50.097
201912 40.738 108.420 50.033
202003 38.972 108.902 47.652
202006 37.841 108.767 46.326
202009 35.621 109.815 43.193
202012 30.517 109.897 36.976
202103 31.146 111.754 37.111
202106 31.088 114.631 36.112
202109 32.242 115.734 37.096
202112 35.195 117.630 39.841
202203 36.474 121.301 40.039
202206 40.248 125.017 42.869
202209 45.641 125.227 48.531
202212 45.107 125.222 47.965
202303 45.900 127.348 47.994
202306 45.893 128.729 47.472
202309 47.218 129.860 48.417
202312 47.294 129.419 48.660
202403 47.890 131.776 48.392
202406 56.124 132.554 56.379
202409 55.062 133.029 55.115
202412 57.853 133.157 57.853

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.


Exxon Mobil  (CHIX:XONAd) 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.


Exxon Mobil Cyclically Adjusted PB Ratio Related Terms

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


Exxon Mobil Business Description

Industry
Address
22777 Springwoods Village Parkway, Spring, TX, USA, 77389-1425
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.5 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.

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