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Intesanpaolo (Intesanpaolo) Cyclically Adjusted Book per Share : $3.88 (As of Mar. 2024)


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What is Intesanpaolo 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.

Intesanpaolo's adjusted book value per share for the three months ended in Mar. 2024 was $3.918. 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 $3.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Intesanpaolo's average Cyclically Adjusted Book Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Intesanpaolo was 4.00% per year. The lowest was -2.40% per year. And the median was 0.45% per year.

As of today (2024-05-26), Intesanpaolo's current stock price is $3.79. Intesanpaolo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.88. Intesanpaolo's Cyclically Adjusted PB Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Intesanpaolo was 1.04. The lowest was 0.40. And the median was 0.67.


Intesanpaolo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Intesanpaolo'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.

Intesanpaolo Cyclically Adjusted Book per Share Chart

Intesanpaolo 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 3.73 4.04 3.65 3.88 4.03

Intesanpaolo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.90 4.01 3.80 4.03 3.88

Competitive Comparison of Intesanpaolo's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Intesanpaolo'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.


Intesanpaolo's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Intesanpaolo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Intesanpaolo 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, Intesanpaolo'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)
=3.918/120.2000*120.2000
=3.918

Current CPI (Mar. 2024) = 120.2000.

Intesanpaolo Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.661 100.093 4.396
201409 3.788 99.814 4.562
201412 3.285 99.721 3.960
201503 3.316 99.814 3.993
201506 3.058 100.279 3.665
201509 3.182 100.000 3.825
201512 3.101 99.814 3.734
201603 3.281 99.600 3.960
201606 3.181 99.900 3.827
201609 3.225 100.100 3.873
201612 3.074 100.300 3.684
201703 3.233 101.000 3.848
201706 3.559 101.100 4.231
201709 3.810 101.200 4.525
201712 3.963 101.200 4.707
201803 4.008 101.800 4.732
201806 3.403 102.400 3.995
201809 3.507 102.600 4.109
201812 3.513 102.300 4.128
201903 3.566 102.800 4.170
201906 3.457 103.100 4.030
201909 3.476 102.900 4.060
201912 3.557 102.800 4.159
202003 3.572 102.900 4.173
202006 3.773 102.900 4.407
202009 4.150 102.300 4.876
202012 4.133 102.600 4.842
202103 4.012 103.700 4.650
202106 4.116 104.200 4.748
202109 4.069 104.900 4.662
202112 3.715 106.600 4.189
202203 3.674 110.400 4.000
202206 3.393 112.500 3.625
202209 3.275 114.200 3.447
202212 3.413 119.000 3.447
202303 3.599 118.800 3.641
202306 3.694 119.700 3.709
202309 3.774 120.300 3.771
202312 3.821 119.700 3.837
202403 3.918 120.200 3.918

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


Intesanpaolo  (OTCPK:IITSF) 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.

Intesanpaolo's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.79/3.88
=0.98

* 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 Intesanpaolo was 1.04. The lowest was 0.40. And the median was 0.67.


Be Aware

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


Intesanpaolo Cyclically Adjusted Book per Share Related Terms

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


Intesanpaolo (Intesanpaolo) Business Description

Industry
Address
Piazza San Carlo, 156, Torino, ITA, 10121
Intesa Sanpaolo is an Italian banking group resulting from the merger of Banca Intesa and Sanpaolo IMI in 2007. Italy still accounts for by far the most of its earnings. Still, Intesa also has a growing international presence, focusing on some smaller countries in Central and Eastern Europe. Intesa has an enviable market position in the Italian savings market that it services through its private banking, asset management and life insurance operations, which accounts for around 25% of its revenue. While Intesa does have a sizable corporate banking business, it has limited exposure to securities trading and underwriting.

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