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American International Group (American International Group) Cyclically Adjusted PB Ratio : 0.86 (As of Apr. 27, 2024)


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What is American International Group Cyclically Adjusted PB Ratio?

As of today (2024-04-27), American International Group's current share price is $74.53. American International Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $86.45. American International Group's Cyclically Adjusted PB Ratio for today is 0.86.

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

AIG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.45   Max: 0.9
Current: 0.86

During the past years, American International Group's highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.09. And the median was 0.45.

AIG's Cyclically Adjusted PB Ratio is ranked better than
64.32% of 412 companies
in the Insurance industry
Industry Median: 1.13 vs AIG: 0.86

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.

American International Group's adjusted book value per share data for the three months ended in Dec. 2023 was $65.133. 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 $86.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


American International Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for American International Group'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.

American International Group Cyclically Adjusted PB Ratio Chart

American International Group 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 0.69 0.50 0.68 0.73 0.78

American International Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.73 0.58 0.66 0.69 0.78

Competitive Comparison of American International Group's Cyclically Adjusted PB Ratio

For the Insurance - Diversified subindustry, American International Group'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.


American International Group's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, American International Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



American International Group 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.

American International Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=74.53/86.45
=0.86

* 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.

American International Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, American International Group'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)
=65.133/129.4194*129.4194
=65.133

Current CPI (Dec. 2023) = 129.4194.

American International Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 71.775 99.695 93.175
201406 75.712 100.560 97.441
201409 77.350 100.428 99.679
201412 77.691 99.070 101.491
201503 80.158 99.621 104.135
201506 79.741 100.684 102.499
201509 79.403 100.392 102.362
201512 75.095 99.792 97.390
201603 78.283 100.470 100.839
201606 83.076 101.688 105.732
201609 85.017 101.861 108.018
201612 76.658 101.863 97.396
201703 78.589 102.862 98.879
201706 81.617 103.349 102.205
201709 80.620 104.136 100.194
201712 72.489 104.011 90.197
201803 69.949 105.290 85.980
201806 68.655 106.317 83.574
201809 66.225 106.507 80.472
201812 65.036 105.998 79.406
201903 69.334 107.251 83.665
201906 73.634 108.070 88.181
201909 74.853 108.329 89.426
201912 74.931 108.420 89.444
202003 69.301 108.902 82.358
202006 71.682 108.767 85.293
202009 73.856 109.815 87.041
202012 76.463 109.897 90.046
202103 72.371 111.754 83.811
202106 76.729 114.631 86.627
202109 77.026 115.734 86.134
202112 79.971 117.630 87.986
202203 69.910 121.301 74.589
202206 58.791 125.017 60.861
202209 52.225 125.227 53.974
202212 55.147 125.222 56.996
202303 59.536 127.348 60.504
202306 58.491 128.729 58.805
202309 56.061 129.860 55.871
202312 65.133 129.419 65.133

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.


American International Group  (NYSE:AIG) 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.


American International Group Cyclically Adjusted PB Ratio Related Terms

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


American International Group (American International Group) Business Description

Address
1271 Avenue of the Americas, New York, NY, USA, 10020
American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a majority stake.
Executives
Edward Lee Dandridge officer: EVP, Chief Marketing & Comms C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, MC 5003-1001, CHICAGO IL 60606-1596
Kathleen Carbone officer: VP & Chief Accounting Officer 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Vanessa Ames Wittman director C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Diana M Murphy director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Paola Bergamaschi director 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Luciana Fato officer: EVP and General Counsel AMERICAN INTERNATIONAL GROUP, INC., 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Thomas Allen Bolt officer: EVP and Chief Risk Officer C/O AMERICAN INTERNATIONAL GROUP, INC., 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
John G Rice director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
John P Repko officer: EVP and Chief Info. Officer AMERICAN INTERNATIONAL GROUP, INC., 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Hunter Constance officer: EVP, Head of Strategy & ESG 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Glazer Rose Marie E. officer: EVP, CHRO & Corp Secretary 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Kevin T. Hogan officer: EVP - Life & Retirement 180 MAIDEN LANE, NEW YORK NY 10038
Sabra R. Purtill officer: EVP and Chief Risk Officer 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Claude E. Wade officer: EVP, Hd of Ops & Chief Dig Off 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Lisa Buckingham officer: EVP Ent Desgn and L&R Sep 150 N RADNOR CHESTER ROAD, RADNOR PA 19087