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Investment Co IC Russ-Invest PJSC (MIC:RUSI) Cyclically Adjusted Book per Share : ₽58.11 (As of Sep. 2023)


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What is Investment Co IC Russ-Invest PJSC 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.

Investment Co IC Russ-Invest PJSC's adjusted book value per share for the three months ended in Sep. 2023 was ₽40.860. 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 ₽58.11 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Investment Co IC Russ-Invest PJSC's average Cyclically Adjusted Book Growth Rate was -1.80% 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.

As of today (2024-06-10), Investment Co IC Russ-Invest PJSC's current stock price is ₽107.00. Investment Co IC Russ-Invest PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ₽58.11. Investment Co IC Russ-Invest PJSC's Cyclically Adjusted PB Ratio of today is 1.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Investment Co IC Russ-Invest PJSC was 3.42. The lowest was 0.71. And the median was 1.47.


Investment Co IC Russ-Invest PJSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Investment Co IC Russ-Invest PJSC'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.

Investment Co IC Russ-Invest PJSC Cyclically Adjusted Book per Share Chart

Investment Co IC Russ-Invest PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 59.03

Investment Co IC Russ-Invest PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 59.16 59.03 58.80 58.05 58.11

Competitive Comparison of Investment Co IC Russ-Invest PJSC's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Investment Co IC Russ-Invest PJSC'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.


Investment Co IC Russ-Invest PJSC's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Investment Co IC Russ-Invest PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Investment Co IC Russ-Invest PJSC's Cyclically Adjusted PB Ratio falls into.



Investment Co IC Russ-Invest PJSC 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, Investment Co IC Russ-Invest PJSC's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=40.86/242.6000*242.6000
=40.860

Current CPI (Sep. 2023) = 242.6000.

Investment Co IC Russ-Invest PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201203 0.000 111.700 0.000
201206 0.000 113.600 0.000
201209 0.000 115.700 0.000
201212 34.128 117.300 70.584
201303 33.675 119.500 68.364
201306 32.730 121.400 65.406
201309 34.662 122.800 68.477
201312 35.919 124.900 69.767
201403 35.855 127.800 68.063
201406 35.556 130.900 65.897
201409 37.962 132.700 69.402
201412 39.813 139.000 69.487
201503 40.246 149.400 65.353
201506 40.851 150.900 65.676
201509 44.777 153.500 70.768
201512 47.440 157.000 73.305
201603 46.097 160.200 69.807
201606 43.373 162.200 64.872
201609 45.369 163.300 67.401
201612 47.393 165.400 69.514
201703 41.344 167.000 60.060
201706 41.668 169.200 59.744
201709 42.289 168.200 60.995
201712 37.756 169.600 54.007
201806 0.000 173.100 0.000
201812 40.164 176.800 55.112
201906 38.706 181.200 51.822
201912 38.395 182.200 51.123
202006 39.741 187.000 51.557
202012 42.198 191.100 53.570
202106 41.187 199.100 50.186
202109 0.000 201.300 0.000
202112 39.472 207.200 46.216
202203 0.000 227.800 0.000
202206 29.441 230.800 30.946
202209 31.513 228.800 33.414
202212 33.078 231.900 34.604
202303 38.746 235.800 39.863
202306 38.897 238.300 39.599
202309 40.860 242.600 40.860

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


Investment Co IC Russ-Invest PJSC  (MIC:RUSI) 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.

Investment Co IC Russ-Invest PJSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=107.00/58.11
=1.84

* 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 Investment Co IC Russ-Invest PJSC was 3.42. The lowest was 0.71. And the median was 1.47.


Be Aware

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


Investment Co IC Russ-Invest PJSC Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Investment Co IC Russ-Invest PJSC's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Investment Co IC Russ-Invest PJSC (MIC:RUSI) Business Description

Traded in Other Exchanges
N/A
Address
5, bld. 4, Nashchiokinsky Pereulok, Moscow, RUS, 119019
Investment Co IC Russ-Invest PJSC is a diversified investment company. It offers brokerage services; services in the areas of corporate finance; trust management services; private equity and venture capital services. In addition, the company also provides internet trading, financial consulting, sub-broker, custody, and training services.

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