GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Assicurazioni Generali (OTCPK:ARZGY) » Definitions » Cyclically Adjusted PB Ratio

Assicurazioni Generali (Assicurazioni Generali) Cyclically Adjusted PB Ratio : 1.37 (As of Jun. 02, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Assicurazioni Generali Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Assicurazioni Generali's current share price is $12.82. Assicurazioni Generali's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.33. Assicurazioni Generali's Cyclically Adjusted PB Ratio for today is 1.37.

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

ARZGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.28   Max: 1.67
Current: 1.4

During the past years, Assicurazioni Generali's highest Cyclically Adjusted PB Ratio was 1.67. The lowest was 0.86. And the median was 1.28.

ARZGY's Cyclically Adjusted PB Ratio is ranked worse than
59.62% of 416 companies
in the Insurance industry
Industry Median: 1.18 vs ARZGY: 1.40

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.

Assicurazioni Generali's adjusted book value per share data for the three months ended in Dec. 2023 was $10.306. 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 $9.33 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Assicurazioni Generali Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Assicurazioni Generali'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.

Assicurazioni Generali Cyclically Adjusted PB Ratio Chart

Assicurazioni Generali 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 1.33 1.01 1.24 1.00 1.13

Assicurazioni Generali Quarterly Data
Mar16 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 1.00 1.11 - 1.13 -

Competitive Comparison of Assicurazioni Generali's Cyclically Adjusted PB Ratio

For the Insurance - Diversified subindustry, Assicurazioni Generali'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.


Assicurazioni Generali's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Assicurazioni Generali's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Assicurazioni Generali 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.

Assicurazioni Generali's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.82/9.33
=1.37

* 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.

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

For example, Assicurazioni Generali'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)
=10.306/119.7000*119.7000
=10.306

Current CPI (Dec. 2023) = 119.7000.

Assicurazioni Generali Quarterly Data

Book Value per Share CPI Adj_Book
201012 7.508 93.755 9.586
201103 8.067 94.791 10.187
201106 8.058 95.442 10.106
201109 7.073 96.000 8.819
201112 6.479 96.837 8.009
201203 7.717 97.954 9.430
201206 7.068 98.605 8.580
201209 8.035 99.070 9.708
201212 8.097 99.070 9.783
201303 7.892 99.535 9.491
201306 7.893 99.814 9.466
201309 8.341 100.000 9.984
201312 8.704 99.721 10.448
201403 0.000 99.907 0.000
201406 9.656 100.093 11.547
201409 9.329 99.814 11.188
201412 9.191 99.721 11.032
201503 9.073 99.814 10.881
201506 8.394 100.279 10.020
201509 8.207 100.000 9.824
201512 8.246 99.814 9.889
201603 8.898 99.600 10.694
201606 8.848 99.900 10.602
201612 8.301 100.300 9.907
201706 8.529 101.100 10.098
201712 9.515 101.200 11.254
201806 8.818 102.400 10.308
201812 8.579 102.300 10.038
201906 9.742 103.100 11.311
201912 10.039 102.800 11.689
202006 9.377 102.900 10.908
202012 11.636 102.600 13.575
202106 10.869 104.200 12.486
202112 10.516 106.600 11.808
202206 6.381 112.500 6.789
202209 0.000 114.200 0.000
202212 5.546 119.000 5.579
202306 9.375 119.700 9.375
202309 0.000 120.300 0.000
202312 10.306 119.700 10.306

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.


Assicurazioni Generali  (OTCPK:ARZGY) 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.


Assicurazioni Generali Cyclically Adjusted PB Ratio Related Terms

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


Assicurazioni Generali (Assicurazioni Generali) Business Description

Address
Piazza Duca degli Abruzzi, 2, Trieste, ITA, 34132
The roots of Generali date back to the 1830s and the Bora wind and rough seas that hit the Trieste region. Over that decade Generali sought to expand throughout Italy, but this growth was held back by the fragmented nature of Italy. The Italian Revolution in the 1840s paved the way for easier expansion in the country. After the First World War Trieste was eventually handed back to Italy. The dissolution of the Austro-Hungarian Empire created a fragmented Europe and a fragmented Generali. While to this day Generali remains quite a diversified company, its core operations remain in historical Austro-Hungarian countries of Italy, Germany, Austria, and Central and Eastern Europe. This is the case in Generali's nonlife business. France is also an important contributor to life and savings.

Assicurazioni Generali (Assicurazioni Generali) Headlines

From GuruFocus

Assicurazioni Generali Reports Strong Financial Results

By Alberto Abaterusso Alberto Abaterusso 03-15-2019