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Intercede Group (LSE:IGP) Cyclically Adjusted PB Ratio : 23.40 (As of Jun. 06, 2024)


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What is Intercede Group Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Intercede Group's current share price is £1.17. Intercede Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was £0.05. Intercede Group's Cyclically Adjusted PB Ratio for today is 23.40.

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

LSE:IGP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.32   Med: 12.82   Max: 99.25
Current: 20.86

During the past 13 years, Intercede Group's highest Cyclically Adjusted PB Ratio was 99.25. The lowest was 2.32. And the median was 12.82.

LSE:IGP's Cyclically Adjusted PB Ratio is ranked worse than
95.95% of 1407 companies
in the Software industry
Industry Median: 2.57 vs LSE:IGP: 20.86

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.

Intercede Group's adjusted book value per share data of for the fiscal year that ended in Mar23 was £0.121. 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 £0.05 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intercede Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intercede 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.

Intercede Group Cyclically Adjusted PB Ratio Chart

Intercede Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.44 8.14 17.16 11.97 11.96

Intercede Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 11.97 - 11.96 -

Competitive Comparison of Intercede Group's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Intercede 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.


Intercede Group's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Intercede Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Intercede 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.17/0.05
=23.40

* 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.

Intercede Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Intercede Group's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.121/126.8000*126.8000
=0.121

Current CPI (Mar23) = 126.8000.

Intercede Group Annual Data

Book Value per Share CPI Adj_Book
201403 0.127 99.300 0.162
201503 0.093 99.600 0.118
201603 0.069 100.400 0.087
201703 0.008 102.700 0.010
201803 -0.068 105.100 -0.082
201903 -0.053 107.000 -0.063
202003 -0.027 108.600 -0.032
202103 0.083 109.700 0.096
202203 0.096 116.500 0.104
202303 0.121 126.800 0.121

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.


Intercede Group  (LSE:IGP) 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.


Intercede Group Cyclically Adjusted PB Ratio Related Terms

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


Intercede Group (LSE:IGP) Business Description

Industry
Traded in Other Exchanges
Address
St. Mary's Road, Lutterworth Hall, Lutterworth, Leicestershire, GBR, LE17 4PS
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment in a simple and cost-effective manner. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, Rest of Europe, North America, and Rest of World. The Majority of its revenue is derived from North America.

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