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Immsi SpA (FRA:IMY) Cyclically Adjusted PB Ratio : 0.56 (As of Jun. 08, 2024)


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What is Immsi SpA Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Immsi SpA's current share price is €0.4555. Immsi SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €0.82. Immsi SpA's Cyclically Adjusted PB Ratio for today is 0.56.

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

FRA:IMY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.51   Max: 0.74
Current: 0.58

During the past years, Immsi SpA's highest Cyclically Adjusted PB Ratio was 0.74. The lowest was 0.30. And the median was 0.51.

FRA:IMY's Cyclically Adjusted PB Ratio is ranked better than
78.74% of 997 companies
in the Vehicles & Parts industry
Industry Median: 1.35 vs FRA:IMY: 0.58

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.

Immsi SpA's adjusted book value per share data for the three months ended in Mar. 2024 was €0.672. 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 €0.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Immsi SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Immsi SpA'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.

Immsi SpA Cyclically Adjusted PB Ratio Chart

Immsi SpA 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 0.54 0.44 0.49 0.45 0.66

Immsi SpA 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 0.65 0.56 0.53 0.66 0.65

Competitive Comparison of Immsi SpA's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Immsi SpA'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.


Immsi SpA's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Immsi SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Immsi SpA 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.

Immsi SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.4555/0.82
=0.56

* 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.

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

For example, Immsi SpA'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)
=0.672/120.2000*120.2000
=0.672

Current CPI (Mar. 2024) = 120.2000.

Immsi SpA Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.879 100.093 1.056
201409 0.886 99.814 1.067
201412 0.788 99.721 0.950
201503 0.809 99.814 0.974
201506 0.824 100.279 0.988
201509 0.814 100.000 0.978
201512 0.780 99.814 0.939
201603 0.743 99.600 0.897
201606 0.734 99.900 0.883
201609 0.695 100.100 0.835
201612 0.684 100.300 0.820
201703 0.686 101.000 0.816
201706 0.653 101.100 0.776
201709 0.656 101.200 0.779
201712 0.651 101.200 0.773
201803 1.078 101.800 1.273
201806 0.678 102.400 0.796
201809 0.677 102.600 0.793
201812 0.690 102.300 0.811
201903 1.132 102.800 1.324
201906 0.727 103.100 0.848
201909 0.740 102.900 0.864
201912 0.706 102.800 0.825
202003 0.685 102.900 0.800
202006 0.685 102.900 0.800
202009 0.692 102.300 0.813
202012 0.674 102.600 0.790
202103 0.692 103.700 0.802
202106 0.710 104.200 0.819
202109 0.716 104.900 0.820
202112 0.681 106.600 0.768
202203 0.657 110.400 0.715
202206 0.692 112.500 0.739
202209 0.708 114.200 0.745
202212 0.706 119.000 0.713
202303 0.720 118.800 0.728
202306 0.708 119.700 0.711
202309 0.719 120.300 0.718
202312 0.672 119.700 0.675
202403 0.672 120.200 0.672

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.


Immsi SpA  (FRA:IMY) 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.


Immsi SpA Cyclically Adjusted PB Ratio Related Terms

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


Immsi SpA (FRA:IMY) Business Description

Traded in Other Exchanges
Address
Piazza Vilfredo Pareto, 3, Centro Direzionale Boma, Mantova, ITA, 46100
Immsi SpA is an Italy-based holding company. The company's operating segments include Property and holding; Industrial and Marine. It generates maximum revenue from the Industrial segment. The industrial segment is engaged in the manufacture and marketing of motorcycles, scooters, mopeds, and light commercial vehicles. Geographically, it derives a majority of revenue from Italy and also has a presence in the Rest of Europe; India; the United States, and the Rest of the World.

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