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I B I Investment House (XTAE:IBI) Cyclically Adjusted Book per Share : ₪44.71 (As of Dec. 2023)


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What is I B I Investment House 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.

I B I Investment House's adjusted book value per share for the three months ended in Dec. 2023 was ₪54.198. 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 ₪44.71 for the trailing ten years ended in Dec. 2023.

During the past 12 months, I B I Investment House's 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.

As of today (2024-06-08), I B I Investment House's current stock price is ₪103.50. I B I Investment House's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₪44.71. I B I Investment House's Cyclically Adjusted PB Ratio of today is 2.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of I B I Investment House was 3.08. The lowest was 1.53. And the median was 2.28.


I B I Investment House Cyclically Adjusted Book per Share Historical Data

The historical data trend for I B I Investment House'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.

I B I Investment House Cyclically Adjusted Book per Share Chart

I B I Investment House 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 - - - 42.10 44.71

I B I Investment House Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 42.10 43.03 43.71 44.45 44.71

Competitive Comparison of I B I Investment House's Cyclically Adjusted Book per Share

For the Financial Conglomerates subindustry, I B I Investment House'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.


I B I Investment House's Cyclically Adjusted PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, I B I Investment House's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where I B I Investment House's Cyclically Adjusted PB Ratio falls into.



I B I Investment House 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, I B I Investment House'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)
=54.198/129.4194*129.4194
=54.198

Current CPI (Dec. 2023) = 129.4194.

I B I Investment House Quarterly Data

Book Value per Share CPI Adj_Book
201306 30.099 98.518 39.540
201309 30.001 98.790 39.303
201312 30.682 98.326 40.385
201403 30.684 99.695 39.833
201406 31.048 100.560 39.959
201409 31.057 100.428 40.023
201412 30.622 99.070 40.003
201512 31.883 99.792 41.349
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 32.796 101.863 41.668
201703 33.636 102.862 42.320
201706 31.086 103.349 38.928
201709 30.279 104.136 37.631
201712 31.155 104.011 38.766
201803 31.208 105.290 38.360
201806 32.110 106.317 39.087
201809 34.853 106.507 42.351
201812 34.547 105.998 42.181
201903 35.243 107.251 42.528
201906 35.623 108.070 42.661
201909 36.535 108.329 43.648
201912 37.510 108.420 44.775
202003 36.733 108.902 43.654
202006 38.343 108.767 45.623
202009 39.874 109.815 46.992
202012 41.239 109.897 48.565
202103 45.568 111.754 52.771
202106 44.355 114.631 50.077
202109 44.508 115.734 49.771
202112 45.454 117.630 50.010
202203 45.820 121.301 48.887
202206 47.491 125.017 49.163
202209 48.583 125.227 50.210
202212 50.586 125.222 52.282
202303 50.400 127.348 51.220
202306 51.594 128.729 51.871
202309 53.684 129.860 53.502
202312 54.198 129.419 54.198

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


I B I Investment House  (XTAE:IBI) 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.

I B I Investment House's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=103.50/44.71
=2.31

* 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 I B I Investment House was 3.08. The lowest was 1.53. And the median was 2.28.


Be Aware

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


I B I Investment House Cyclically Adjusted Book per Share Related Terms

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


I B I Investment House (XTAE:IBI) Business Description

Traded in Other Exchanges
N/A
Address
9 Ahad Ha'am Street, Shalom Tower, 21st, 26-27th, 29th Floors, Tel Aviv, ISR, 61291
I B I Investment House Ltd is an investment company. It offers investment management & trading services from mutual fund, & provident fund, to trading and execution services on portfolio management, investment banking, & foreign currency, among others.

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