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IMO (Imperial Oil) Cyclically Adjusted Book per Share : $26.85 (As of Mar. 2025)


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What is Imperial Oil Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Imperial Oil's adjusted book value per share for the three months ended in Mar. 2025 was $33.404. 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 $26.85 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Imperial Oil's average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Imperial Oil was 16.30% per year. The lowest was -2.00% per year. And the median was 9.30% per year.

As of today (2025-07-02), Imperial Oil's current stock price is $80.98. Imperial Oil's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $26.85. Imperial Oil's Cyclically Adjusted PB Ratio of today is 3.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Imperial Oil was 3.13. The lowest was 0.50. And the median was 1.94.


Imperial Oil Cyclically Adjusted Book per Share Historical Data

The historical data trend for Imperial Oil's Cyclically Adjusted Book per Share 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.

Imperial Oil Cyclically Adjusted Book per Share Chart

Imperial Oil Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.65 23.81 24.63 27.18 26.23

Imperial Oil Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 27.02 27.21 27.70 26.23 26.85

Competitive Comparison of Imperial Oil's Cyclically Adjusted Book per Share

For the Oil & Gas Integrated subindustry, Imperial Oil'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.


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

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

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


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Imperial Oil Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Imperial Oil's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=33.404/129.1809*129.1809
=33.404

Current CPI (Mar. 2025) = 129.1809.

Imperial Oil Quarterly Data

Book Value per Share CPI Adj_Book
201506 21.715 100.500 27.912
201509 20.598 100.421 26.497
201512 20.154 99.947 26.049
201603 20.825 101.054 26.621
201606 21.111 102.002 26.736
201609 21.585 101.765 27.400
201612 22.130 101.449 28.180
201703 22.301 102.634 28.069
201706 22.271 103.029 27.924
201709 24.328 103.345 30.410
201712 23.021 103.345 28.776
201803 23.068 105.004 28.379
201806 22.558 105.557 27.607
201809 23.208 105.636 28.381
201812 23.291 105.399 28.546
201903 23.541 106.979 28.427
201906 24.685 107.690 29.611
201909 25.041 107.611 30.060
201912 24.777 107.769 29.700
202003 23.000 107.927 27.529
202006 23.035 108.401 27.451
202009 23.468 108.164 28.028
202012 22.781 108.559 27.108
202103 23.558 110.298 27.591
202106 24.122 111.720 27.892
202109 24.063 112.905 27.532
202112 25.045 113.774 28.437
202203 26.296 117.646 28.874
202206 26.961 120.806 28.830
202209 27.348 120.648 29.282
202212 28.243 120.964 30.162
202303 29.320 122.702 30.868
202306 30.702 124.203 31.932
202309 31.050 125.230 32.029
202312 30.912 125.072 31.927
202403 31.865 126.258 32.603
202406 32.594 127.522 33.018
202409 33.341 127.285 33.838
202412 32.366 127.364 32.828
202503 33.404 129.181 33.404

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Imperial Oil  (AMEX:IMO) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Imperial Oil's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=80.98/26.85
=3.02

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Imperial Oil was 3.13. The lowest was 0.50. And the median was 1.94.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Imperial Oil Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Imperial Oil's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Imperial Oil Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Oil Ltd (AMEX:IMO) » Definitions » Cyclically Adjusted Book per Share
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Address
505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.