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International Consolidated Airlines Group (International Consolidated Airlines Group) Cyclically Adjusted PB Ratio : 0.98 (As of Apr. 30, 2024)


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What is International Consolidated Airlines Group Cyclically Adjusted PB Ratio?

As of today (2024-04-30), International Consolidated Airlines Group's current share price is $2.15. International Consolidated Airlines Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was $2.20. International Consolidated Airlines Group's Cyclically Adjusted PB Ratio for today is 0.98.

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

BABWF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.84   Max: 0.98
Current: 0.97

During the past years, International Consolidated Airlines Group's highest Cyclically Adjusted PB Ratio was 0.98. The lowest was 0.52. And the median was 0.84.

BABWF's Cyclically Adjusted PB Ratio is ranked better than
61.56% of 692 companies
in the Transportation industry
Industry Median: 1.22 vs BABWF: 0.97

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.

International Consolidated Airlines Group's adjusted book value per share data for the three months ended in Jun. 2023 was $0.456. 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 $2.20 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Consolidated Airlines Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for International Consolidated Airlines 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.

International Consolidated Airlines Group Cyclically Adjusted PB Ratio Chart

International Consolidated Airlines 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 - - 0.74 0.68 -

International Consolidated Airlines Group 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 - 0.68 - 0.89 -

Competitive Comparison of International Consolidated Airlines Group's Cyclically Adjusted PB Ratio

For the Airlines subindustry, International Consolidated Airlines 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.


International Consolidated Airlines Group's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, International Consolidated Airlines Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



International Consolidated Airlines 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.15/2.2
=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.

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

For example, International Consolidated Airlines Group'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)
=0.456/120.2784*120.2784
=0.456

Current CPI (Jun. 2023) = 120.2784.

International Consolidated Airlines Group Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.000 100.597 0.000
201312 2.636 101.306 3.130
201403 0.000 100.139 0.000
201406 2.839 101.081 3.378
201409 0.000 100.441 0.000
201412 2.108 100.251 2.529
201503 0.000 99.474 0.000
201506 2.631 101.138 3.129
201509 0.000 99.559 0.000
201512 2.811 100.268 3.372
201603 0.000 98.638 0.000
201606 2.359 100.333 2.828
201609 0.000 99.737 0.000
201612 2.664 101.842 3.146
201703 0.000 100.896 0.000
201706 2.505 101.848 2.958
201709 0.000 101.524 0.000
201712 3.829 102.975 4.472
201803 0.000 102.122 0.000
201806 4.412 104.165 5.095
201809 0.000 103.818 0.000
201812 3.851 104.193 4.446
201903 0.000 103.488 0.000
201906 3.729 104.612 4.287
201909 0.000 103.905 0.000
201912 3.968 105.015 4.545
202003 0.000 103.469 0.000
202006 0.442 104.254 0.510
202009 0.000 103.521 0.000
202012 0.393 104.456 0.453
202103 0.000 104.857 0.000
202106 0.221 107.102 0.248
202109 0.000 107.669 0.000
202112 0.191 111.298 0.206
202203 0.000 115.153 0.000
202206 0.382 118.044 0.389
202209 0.000 117.221 0.000
202212 0.431 117.650 0.441
202303 0.000 118.948 0.000
202306 0.456 120.278 0.456

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.


International Consolidated Airlines Group  (OTCPK:BABWF) 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.


International Consolidated Airlines Group Cyclically Adjusted PB Ratio Related Terms

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International Consolidated Airlines Group (International Consolidated Airlines Group) Business Description

Address
El Caserio, Iberia Zona Industrial No. 2, Camino de La Munoza, s/n, Madrid, ESP, 28042
International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The company carried 264 million passengers to its network of 185 destinations globally. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom.

International Consolidated Airlines Group (International Consolidated Airlines Group) Headlines

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