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Intercure (XTAE:INCR) Cyclically Adjusted PB Ratio : 2.25 (As of May. 07, 2024)


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What is Intercure Cyclically Adjusted PB Ratio?

As of today (2024-05-07), Intercure's current share price is ₪12.15. Intercure's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was ₪5.40. Intercure's Cyclically Adjusted PB Ratio for today is 2.25.

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

XTAE:INCR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.44   Max: 4.77
Current: 2.44

During the past years, Intercure's highest Cyclically Adjusted PB Ratio was 4.77. The lowest was 0.70. And the median was 1.44.

XTAE:INCR's Cyclically Adjusted PB Ratio is ranked worse than
56.08% of 658 companies
in the Drug Manufacturers industry
Industry Median: 1.81 vs XTAE:INCR: 2.44

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.

Intercure's adjusted book value per share data for the three months ended in Jun. 2023 was ₪11.164. 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 ₪5.40 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intercure Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intercure'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.

Intercure Cyclically Adjusted PB Ratio Chart

Intercure 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 - - - 2.44 -

Intercure Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
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 4.19 2.44 1.43 1.15 -

Competitive Comparison of Intercure's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Intercure'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.


Intercure's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Intercure's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Intercure 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.

Intercure's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.15/5.4
=2.25

* 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.

Intercure's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Intercure's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=11.164/128.7287*128.7287
=11.164

Current CPI (Jun. 2023) = 128.7287.

Intercure Quarterly Data

Book Value per Share CPI Adj_Book
201209 0.000 97.633 0.000
201212 0.477 96.871 0.634
201303 0.986 98.209 1.292
201306 0.903 98.518 1.180
201309 1.016 98.790 1.324
201312 0.190 98.326 0.249
201403 2.120 99.695 2.737
201406 1.157 100.560 1.481
201409 0.097 100.428 0.124
201412 0.068 99.070 0.088
201503 1.374 99.621 1.775
201506 1.313 100.684 1.679
201509 1.194 100.392 1.531
201512 1.106 99.792 1.427
201603 1.320 100.470 1.691
201606 1.264 101.688 1.600
201609 0.961 101.861 1.214
201612 1.450 101.863 1.832
201706 1.178 103.349 1.467
201712 1.237 104.011 1.531
201806 0.930 106.317 1.126
201812 1.060 105.998 1.287
201903 0.000 107.251 0.000
201906 11.583 108.070 13.797
201909 0.000 108.329 0.000
201912 10.498 108.420 12.464
202003 8.696 108.902 10.279
202006 8.775 108.767 10.385
202009 9.784 109.815 11.469
202012 10.189 109.897 11.935
202103 10.387 111.754 11.965
202106 9.981 114.631 11.208
202109 10.061 115.734 11.191
202112 9.927 117.630 10.864
202203 10.232 121.301 10.859
202206 0.000 125.017 0.000
202209 10.752 125.227 11.053
202212 11.000 125.222 11.308
202303 11.036 127.348 11.156
202306 11.164 128.729 11.164

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.


Intercure  (XTAE:INCR) 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.


Intercure Cyclically Adjusted PB Ratio Related Terms

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


Intercure (XTAE:INCR) Business Description

Traded in Other Exchanges
Address
85 Medinat ha-Yehudim Street, Herzliya, ISR, 4676670
Intercure Ltd is engaged in the research, cultivation, production, and distribution of pharma-grade cannabis-based products. The products are distributed to hospitals, pharmacies, research, and government organizations.