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Intesanpaolo (Intesanpaolo) Cyclically Adjusted Book per Share : $23.82 (As of Dec. 2023)


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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 Dec. 2023 was $22.924. 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 $23.82 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Intesanpaolo's average Cyclically Adjusted Book Growth Rate was -0.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.90% 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 3.90% per year. The lowest was -2.40% per year. And the median was 0.45% per year.

As of today (2024-05-05), Intesanpaolo's current stock price is $22.43. Intesanpaolo's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $23.82. Intesanpaolo's Cyclically Adjusted PB Ratio of today is 0.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Intesanpaolo was 0.99. 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 22.42 23.67 22.26 23.15 23.82

Intesanpaolo Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 23.15 23.30 23.70 22.89 23.82

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 Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=22.924/119.5000*119.5000
=22.924

Current CPI (Dec. 2023) = 119.5000.

Intesanpaolo Quarterly Data

Book Value per Share CPI Adj_Book
201403 24.944 99.907 29.836
201406 21.968 100.093 26.227
201409 22.726 99.814 27.208
201412 19.713 99.721 23.623
201503 19.893 99.814 23.816
201506 18.349 100.279 21.866
201509 19.090 100.000 22.813
201512 18.604 99.814 22.273
201603 19.686 99.600 23.619
201606 19.089 99.900 22.834
201609 19.348 100.100 23.098
201612 18.444 100.300 21.975
201703 19.398 101.000 22.951
201706 21.355 101.100 25.242
201709 22.859 101.200 26.993
201712 23.781 101.200 28.081
201803 24.047 101.800 28.228
201806 20.418 102.400 23.828
201809 21.042 102.600 24.508
201812 21.081 102.300 24.625
201903 21.394 102.800 24.869
201906 20.740 103.100 24.039
201909 20.855 102.900 24.219
201912 21.341 102.800 24.808
202003 21.431 102.900 24.888
202006 22.640 102.900 26.292
202009 24.899 102.300 29.085
202012 24.799 102.600 28.884
202103 24.074 103.700 27.742
202106 24.695 104.200 28.321
202109 24.413 104.900 27.811
202112 22.287 106.600 24.984
202203 22.046 110.400 23.863
202206 20.355 112.500 21.622
202209 19.649 114.200 20.561
202212 20.478 119.000 20.564
202303 21.596 118.800 21.723
202306 22.165 119.700 22.128
202309 22.645 120.300 22.494
202312 22.924 119.500 22.924

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


Intesanpaolo  (OTCPK:ISNPY) 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
=22.43/23.82
=0.94

* 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 0.99. 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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