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ICL Group (XTAE:ICL) Cyclically Adjusted PB Ratio : 1.29 (As of Jun. 12, 2024)


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What is ICL Group Cyclically Adjusted PB Ratio?

As of today (2024-06-12), ICL Group's current share price is ₪17.13. ICL Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₪13.32. ICL Group's Cyclically Adjusted PB Ratio for today is 1.29.

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

XTAE:ICL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.81   Max: 3.46
Current: 1.29

During the past years, ICL Group's highest Cyclically Adjusted PB Ratio was 3.46. The lowest was 1.01. And the median was 1.81.

XTAE:ICL's Cyclically Adjusted PB Ratio is ranked better than
58.25% of 194 companies
in the Agriculture industry
Industry Median: 1.555 vs XTAE:ICL: 1.29

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.

ICL Group's adjusted book value per share data for the three months ended in Mar. 2024 was ₪16.559. 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 ₪13.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ICL Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ICL 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.

ICL Group Cyclically Adjusted PB Ratio Chart

ICL 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 1.64 1.59 2.67 2.07 1.40

ICL Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.92 1.57 1.63 1.40 1.47

Competitive Comparison of ICL Group's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, ICL 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.


ICL Group's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, ICL Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ICL 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.13/13.32
=1.29

* 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.

ICL Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ICL Group'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)
=16.559/131.7762*131.7762
=16.559

Current CPI (Mar. 2024) = 131.7762.

ICL Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.122 100.560 11.954
201409 9.010 100.428 11.822
201412 8.654 99.070 11.511
201503 8.416 99.621 11.132
201506 8.677 100.684 11.357
201509 8.733 100.392 11.463
201512 8.800 99.792 11.620
201603 8.895 100.470 11.667
201606 8.942 101.688 11.588
201609 7.589 101.861 9.818
201612 7.473 101.863 9.668
201703 7.558 102.862 9.683
201706 7.711 103.349 9.832
201709 8.085 104.136 10.231
201712 8.288 104.011 10.500
201803 11.027 105.290 13.801
201806 10.740 106.317 13.312
201809 10.928 106.507 13.521
201812 10.944 105.998 13.606
201903 11.280 107.251 13.859
201906 11.401 108.070 13.902
201909 11.291 108.329 13.735
201912 11.361 108.420 13.808
202003 11.296 108.902 13.669
202006 10.771 108.767 13.050
202009 10.971 109.815 13.165
202012 11.373 109.897 13.637
202103 11.543 111.754 13.611
202106 12.123 114.631 13.936
202109 12.461 115.734 14.188
202112 13.034 117.630 14.602
202203 14.635 121.301 15.899
202206 14.814 125.017 15.615
202209 15.265 125.227 16.063
202212 15.707 125.222 16.529
202303 16.186 127.348 16.749
202306 16.296 128.729 16.682
202309 16.279 129.860 16.519
202312 16.577 129.419 16.879
202403 16.559 131.776 16.559

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.


ICL Group  (XTAE:ICL) 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.


ICL Group Cyclically Adjusted PB Ratio Related Terms

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


ICL Group (XTAE:ICL) Business Description

Industry
Traded in Other Exchanges
Address
23 Aranha Street, P.O. Box 20245, Millennium Tower, Tel-Aviv, ISR, 61202
ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. The company mines and manufactures potash and phosphates to be used as ingredients in fertilizers and serve as a component in the pharmaceutical and food additives industries. It is also engaged in industrial additives and materials, including flame retardants, phosphate salts, specialty phosphate blends, purified phosphoric acid, electronic-grade specialty phosphoric acids. Its geographical segments are Europe, Asia, North and South America, and the Rest of the world.

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