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Aimia (AIMFF) Cyclically Adjusted Book per Share : $3.01 (As of Mar. 2024)


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What is Aimia 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.

Aimia's adjusted book value per share for the three months ended in Mar. 2024 was $4.258. 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 $3.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aimia's average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -6.20% 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 Aimia was -1.70% per year. The lowest was -17.90% per year. And the median was -12.95% per year.

As of today (2024-05-26), Aimia's current stock price is $1.964. Aimia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.01. Aimia's Cyclically Adjusted PB Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aimia was 1.42. The lowest was 0.19. And the median was 0.83.


Aimia Cyclically Adjusted Book per Share Historical Data

The historical data trend for Aimia'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.

Aimia Cyclically Adjusted Book per Share Chart

Aimia Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.79 3.39 3.15 2.87 3.08

Aimia Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.91 3.03 3.02 3.08 3.01

Competitive Comparison of Aimia's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Aimia'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.


Aimia's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Aimia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Aimia 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, Aimia'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)
=4.258/126.2576*126.2576
=4.258

Current CPI (Mar. 2024) = 126.2576.

Aimia Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.364 99.473 5.539
201409 4.184 99.394 5.315
201412 3.892 98.367 4.996
201503 3.534 99.789 4.471
201506 3.119 100.500 3.918
201509 2.732 100.421 3.435
201512 2.333 99.947 2.947
201603 1.738 101.054 2.171
201606 1.358 102.002 1.681
201609 1.088 101.765 1.350
201612 0.677 101.449 0.843
201703 0.455 102.634 0.560
201706 0.134 103.029 0.164
201709 -0.111 103.345 -0.136
201712 -1.136 103.345 -1.388
201803 -1.046 105.004 -1.258
201806 -0.955 105.557 -1.142
201809 -0.874 105.636 -1.045
201812 -2.984 105.399 -3.575
201903 3.479 106.979 4.106
201906 3.826 107.690 4.486
201909 3.981 107.611 4.671
201912 3.525 107.769 4.130
202003 3.287 107.927 3.845
202006 3.569 108.401 4.157
202009 3.561 108.164 4.157
202012 3.641 108.559 4.235
202103 3.591 110.298 4.111
202106 3.694 111.720 4.175
202109 3.586 112.905 4.010
202112 3.413 113.774 3.787
202203 3.246 117.646 3.484
202206 2.907 120.806 3.038
202209 7.170 120.648 7.503
202212 6.795 120.964 7.092
202303 6.527 122.702 6.716
202306 5.841 124.203 5.938
202309 5.434 125.230 5.479
202312 4.478 125.072 4.520
202403 4.258 126.258 4.258

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


Aimia  (OTCPK:AIMFF) 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.

Aimia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.964/3.01
=0.65

* 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 Aimia was 1.42. The lowest was 0.19. And the median was 0.83.


Be Aware

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


Aimia Cyclically Adjusted Book per Share Related Terms

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


Aimia (AIMFF) Business Description

Industry
Address
176 Yonge Street, 6th Floor, Toronto, ON, CAN, M5C 2L7
Aimia Inc is a holding company with a focus on making long term investments in public and private companies globally, through controlling or minority stakes. The company through its own operations and subsidiaries operates two reportable and operating segments, namely Holdings, and Investment Management. The Holdings segment includes Aimia's long-term investments in PLM, BIGLife, Kognitiv and Clear Media Limited, as well as various minority investments in public securities. The Investment Management segment includes Mittleman Investment Management, an SEC registered investment adviser of the same name that provides discretionary portfolio management to institutional investors and high-net worth individuals.

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