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PBF Energy (PBF Energy) Cyclically Adjusted PB Ratio : 1.68 (As of Jun. 08, 2024)


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What is PBF Energy Cyclically Adjusted PB Ratio?

As of today (2024-06-08), PBF Energy's current share price is $46.25. PBF Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $27.47. PBF Energy's Cyclically Adjusted PB Ratio for today is 1.68.

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

PBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 1.29   Max: 2.26
Current: 1.68

During the past years, PBF Energy's highest Cyclically Adjusted PB Ratio was 2.26. The lowest was 0.19. And the median was 1.29.

PBF's Cyclically Adjusted PB Ratio is ranked worse than
70.82% of 826 companies
in the Oil & Gas industry
Industry Median: 1.025 vs PBF: 1.68

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.

PBF Energy's adjusted book value per share data for the three months ended in Mar. 2024 was $54.231. 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 $27.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PBF Energy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PBF Energy'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.

PBF Energy Cyclically Adjusted PB Ratio Chart

PBF Energy 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 - 0.29 0.57 1.79 1.68

PBF Energy 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 1.84 1.67 2.10 1.68 2.10

Competitive Comparison of PBF Energy's Cyclically Adjusted PB Ratio

For the Oil & Gas Refining & Marketing subindustry, PBF Energy'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.


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

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

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



PBF Energy 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.

PBF Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.25/27.47
=1.68

* 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.

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

For example, PBF Energy'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)
=54.231/131.7762*131.7762
=54.231

Current CPI (Mar. 2024) = 131.7762.

PBF Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.663 100.560 23.146
201409 18.985 100.428 24.911
201412 14.860 99.070 19.766
201503 15.386 99.621 20.352
201506 16.634 100.684 21.771
201509 16.868 100.392 22.141
201512 16.847 99.792 22.247
201603 16.279 100.470 21.351
201606 17.278 101.688 22.390
201609 17.788 101.861 23.012
201612 18.544 101.863 23.990
201703 17.933 102.862 22.974
201706 16.653 103.349 21.234
201709 19.247 104.136 24.356
201712 21.134 104.011 26.776
201803 21.147 105.290 26.467
201806 22.857 106.317 28.331
201809 25.576 106.507 31.644
201812 22.328 105.998 27.758
201903 24.679 107.251 30.323
201906 24.750 108.070 30.179
201909 25.084 108.329 30.513
201912 25.371 108.420 30.836
202003 16.238 108.902 19.649
202006 19.535 108.767 23.667
202009 16.108 109.815 19.329
202012 13.678 109.897 16.401
202103 13.369 111.754 15.764
202106 13.841 114.631 15.911
202109 14.381 115.734 16.374
202112 16.009 117.630 17.934
202203 15.843 121.301 17.211
202206 25.816 125.017 27.212
202209 34.489 125.227 36.293
202212 38.023 125.222 40.013
202303 40.602 127.348 42.014
202306 48.748 128.729 49.902
202309 54.628 129.860 55.434
202312 53.871 129.419 54.852
202403 54.231 131.776 54.231

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.


PBF Energy  (NYSE:PBF) 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.


PBF Energy Cyclically Adjusted PB Ratio Related Terms

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


PBF Energy (PBF Energy) Business Description

Industry
Traded in Other Exchanges
Address
One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.
Executives
Control Empresarial De Capitales S.a. De C.v. 10 percent owner, other: Add'l Rep. Persons-see Ex.99-1 INSURGENTES SUR #3500, PB, COL. PENA POBRE, DELEGACION TLALPAN, CP, MEXICO D.F. O5 14060
Trecia M Canty officer: SVP and General Counsel 1 SYLVAN WAY, 2ND FLOOR, C/O PBF ENERGY INC., PARSIPPANY NJ 07054
James E. Fedena officer: Senior Vice President 1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
O Connor Thomas L officer: Senior Vice President ONE SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Damian W. Wilmot director C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Georganne Hodges director 2105 CITYWEST BLVD., SUITE 100, HOUSTON TX 77042
Lawrence Michael Ziemba director 600 NORTH DAIRY ASHFORD, HOUSTON TX 77079
Matthew C. Lucey officer: President C/O PBF ENERGY INC., ONE SYLVAN WAY, PARSIPPANY NJ 07054
S Eugene Edwards director P.O. BOX 696000, SAN ANTONIO TX 78269-6000
John C Barone officer: Principal Accounting Officer 1 SYLVAN WAY, SECOND FLOOR, C/O PBF ENERGY INC., PARSIPPANY NJ 07054
George E. Ogden director 1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Karen Berriman Davis director 123 WEST MILLS AVENUE, SUITE 200, EL PASO TX 79901
Thomas J. Nimbley director, officer: Chief Executive Officer C/O PBF ENERGY INC., ONE SYLVAN WAY, PARSIPPANY NJ 07054
C Erik Young officer: Chief Financial Officer, SVP C/O PBF ENERGY INC., 1 SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054
Tai Wendy Ho officer: Senior Vice President, HR ONE SYLVAN WAY, SECOND FLOOR, PARSIPPANY NJ 07054

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