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Aimia (AIMFF) Cyclically Adjusted PB Ratio : 0.65 (As of May. 26, 2024)


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What is Aimia Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Aimia's current share 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 for today is 0.65.

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

AIMFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.83   Max: 1.42
Current: 0.66

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

AIMFF's Cyclically Adjusted PB Ratio is ranked better than
61.69% of 937 companies
in the Asset Management industry
Industry Median: 0.8 vs AIMFF: 0.66

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aimia Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Aimia'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.

Aimia Cyclically Adjusted PB Ratio Chart

Aimia 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 0.73 0.96 1.25 0.94 0.77

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 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 0.92 0.82 0.76 0.77 0.63

Competitive Comparison of Aimia's Cyclically Adjusted PB Ratio

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 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.

Aimia's Cyclically Adjusted PB Ratio for 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.

Aimia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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.

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.


Aimia  (OTCPK:AIMFF) 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.


Aimia Cyclically Adjusted PB Ratio Related Terms

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


Aimia (AIMFF) Business Description

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.