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Intercorp Financial Services (LIM:IFS) Cyclically Adjusted Book per Share : $19.70 (As of Mar. 2024)


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What is Intercorp Financial Services 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.

Intercorp Financial Services's adjusted book value per share for the three months ended in Mar. 2024 was $23.879. 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 $19.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Intercorp Financial Services's average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.70% 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 Intercorp Financial Services was 12.70% per year. The lowest was 12.70% per year. And the median was 12.70% per year.

As of today (2024-06-07), Intercorp Financial Services's current stock price is $22.72. Intercorp Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $19.70. Intercorp Financial Services's Cyclically Adjusted PB Ratio of today is 1.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Intercorp Financial Services was 2.60. The lowest was 0.99. And the median was 1.46.


Intercorp Financial Services Cyclically Adjusted Book per Share Historical Data

The historical data trend for Intercorp Financial Services'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.

Intercorp Financial Services Cyclically Adjusted Book per Share Chart

Intercorp Financial Services 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 - 13.34 15.84 17.46 19.06

Intercorp Financial Services 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 17.99 18.46 18.90 19.06 19.70

Competitive Comparison of Intercorp Financial Services's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Intercorp Financial Services'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.


Intercorp Financial Services's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Intercorp Financial Services 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, Intercorp Financial Services'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)
=23.879/131.7762*131.7762
=23.879

Current CPI (Mar. 2024) = 131.7762.

Intercorp Financial Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.724 100.560 11.432
201409 9.562 100.428 12.547
201412 10.222 99.070 13.597
201503 10.689 99.621 14.139
201506 9.830 100.684 12.866
201509 9.889 100.392 12.981
201512 10.651 99.792 14.065
201603 11.378 100.470 14.923
201606 11.099 101.688 14.383
201609 11.992 101.861 15.514
201612 12.170 101.863 15.744
201703 13.028 102.862 16.690
201706 12.599 103.349 16.064
201709 13.450 104.136 17.020
201712 14.367 104.011 18.202
201803 15.322 105.290 19.176
201806 15.576 106.317 19.306
201809 16.775 106.507 20.755
201812 16.983 105.998 21.113
201903 19.498 107.251 23.957
201906 17.834 108.070 21.746
201909 20.328 108.329 24.728
201912 20.462 108.420 24.870
202003 19.637 108.902 23.762
202006 18.009 108.767 21.819
202009 19.156 109.815 22.987
202012 20.585 109.897 24.683
202103 20.509 111.754 24.183
202106 21.425 114.631 24.629
202109 22.531 115.734 25.654
202112 20.070 117.630 22.484
202203 20.737 121.301 22.528
202206 20.719 125.017 21.839
202209 21.867 125.227 23.011
202212 21.659 125.222 22.793
202303 20.994 127.348 21.724
202306 21.576 128.729 22.087
202309 22.133 129.860 22.460
202312 23.182 129.419 23.604
202403 23.879 131.776 23.879

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


Intercorp Financial Services  (LIM:IFS) 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.

Intercorp Financial Services's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.72/19.7
=1.15

* 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 Intercorp Financial Services was 2.60. The lowest was 0.99. And the median was 1.46.


Be Aware

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


Intercorp Financial Services Cyclically Adjusted Book per Share Related Terms

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


Intercorp Financial Services (LIM:IFS) Business Description

Traded in Other Exchanges
Address
Avenue Carlos Villaran 140, Urbanizacion Santa Catalina, La Victoria, Lima, PER, 13
Intercorp Financial Services Inc is a provider of financial services through banking, insurance, and wealth management businesses, as well as the recent integration of Izipay enhancing its payments ecosystem. The company has four operating segments; the Banking segment includes Mainly loans, credit facilities, deposits, and current accounts, the Insurance segment provides life annuity products with single-premium payment and conventional life insurance products and other retail insurance products, the Wealth management segment provides brokerage and investment management services, and Payments segment provides administration services, operation and processing of credit and debit cards. Its geographical segments include Peru and Panama.