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Valero Energy (Valero Energy) Cyclically Adjusted PB Ratio : 2.71 (As of May. 26, 2024)


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What is Valero Energy Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Valero Energy's current share price is $162.42. Valero Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $59.99. Valero Energy's Cyclically Adjusted PB Ratio for today is 2.71.

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

VLO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.83   Max: 3.2
Current: 2.71

During the past years, Valero Energy's highest Cyclically Adjusted PB Ratio was 3.20. The lowest was 0.86. And the median was 1.83.

VLO's Cyclically Adjusted PB Ratio is ranked worse than
83.05% of 820 companies
in the Oil & Gas industry
Industry Median: 0.98 vs VLO: 2.71

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.

Valero Energy's adjusted book value per share data for the three months ended in Mar. 2024 was $79.686. 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 $59.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Valero Energy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Valero 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.

Valero Energy Cyclically Adjusted PB Ratio Chart

Valero 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 2.20 1.27 1.54 2.38 2.23

Valero 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 2.54 2.08 2.46 2.23 2.85

Competitive Comparison of Valero Energy's Cyclically Adjusted PB Ratio

For the Oil & Gas Refining & Marketing subindustry, Valero 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.


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

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

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



Valero 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=162.42/59.99
=2.71

* 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.

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

For example, Valero 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)
=79.686/131.7762*131.7762
=79.686

Current CPI (Mar. 2024) = 131.7762.

Valero Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 38.140 100.560 49.980
201409 39.289 100.428 51.553
201412 40.204 99.070 53.477
201503 40.708 99.621 53.847
201506 42.930 100.684 56.187
201509 44.141 100.392 57.940
201512 43.394 99.792 57.302
201603 43.969 100.470 57.669
201606 44.507 101.688 57.676
201609 44.890 101.861 58.074
201612 44.501 101.863 57.569
201703 44.335 102.862 56.797
201706 45.074 103.349 57.472
201709 46.510 104.136 58.855
201712 50.682 104.011 64.211
201803 50.767 105.290 63.538
201806 50.812 106.317 62.980
201809 51.596 106.507 63.838
201812 51.885 105.998 64.503
201903 51.073 107.251 62.752
201906 51.482 108.070 62.775
201909 51.379 108.329 62.499
201912 53.270 108.420 64.746
202003 46.215 108.902 55.922
202006 48.674 108.767 58.971
202009 47.141 109.815 56.568
202012 46.035 109.897 55.200
202103 43.549 111.754 51.351
202106 43.175 114.631 49.632
202109 42.747 115.734 48.672
202112 45.040 117.630 50.457
202203 46.118 121.301 50.101
202206 53.225 125.017 56.103
202209 56.837 125.227 59.810
202212 63.314 125.222 66.628
202303 69.088 127.348 71.490
202306 73.207 128.729 74.940
202309 76.295 129.860 77.421
202312 79.045 129.419 80.484
202403 79.686 131.776 79.686

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.


Valero Energy  (NYSE:VLO) 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.


Valero Energy Cyclically Adjusted PB Ratio Related Terms

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


Valero Energy (Valero Energy) Business Description

Industry
Traded in Other Exchanges
Address
One Valero Way, San Antonio, TX, USA, 78249
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.
Executives
Joseph W Gorder director, officer: COB & CEO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Rayford Jr Wilkins director 208 S. AKARD ST., --, DALLAS TX 75202
Marie A Ffolkes director 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Kimberly S, Greene director 30 IVAN ALLEN JR. BLVD., NW, ATLANTA GA 30308
Philip J. Pfeiffer director P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Deborah P Majoras director ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Robert Profusek director P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Donald L Nickles director 6100 N WESTERN AVENUE, P O BOX 18496, OKLAHOMA CITY OK 73118
Gary K. Simmons officer: EVP & CCO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
R. Lane Riggs officer: EVP and COO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Fred M Diaz director 9614 AMALFI CT, BRENTWOOD TN 37027
Paulett Eberhart director C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Cheryl L. Thomas officer: SVP & CTO P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Richard Joe Walsh officer: SVP and GC P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Jason W. Fraser officer: EVP and CFO P.O. BOX 696000, SAN ANTONIO TX 78269-6000

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