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Innovative Solutions and Support (Innovative Solutions and Support) Cyclically Adjusted Book per Share : $2.33 (As of Dec. 2023)


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What is Innovative Solutions and Support 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.

Innovative Solutions and Support's adjusted book value per share for the three months ended in Dec. 2023 was $2.286. 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 $2.33 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Innovative Solutions and Support's average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -5.70% 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 Innovative Solutions and Support was 1.20% per year. The lowest was -9.40% per year. And the median was -4.45% per year.

As of today (2024-04-28), Innovative Solutions and Support's current stock price is $6.46. Innovative Solutions and Support's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $2.33. Innovative Solutions and Support's Cyclically Adjusted PB Ratio of today is 2.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Innovative Solutions and Support was 4.06. The lowest was 0.63. And the median was 1.71.


Innovative Solutions and Support Cyclically Adjusted Book per Share Historical Data

The historical data trend for Innovative Solutions and Support'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.

Innovative Solutions and Support Cyclically Adjusted Book per Share Chart

Innovative Solutions and Support Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.66 2.53 2.40 2.34 2.36

Innovative Solutions and Support 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 2.32 2.34 2.35 2.36 2.33

Competitive Comparison of Innovative Solutions and Support's Cyclically Adjusted Book per Share

For the Aerospace & Defense subindustry, Innovative Solutions and Support'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.


Innovative Solutions and Support's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Innovative Solutions and Support's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Innovative Solutions and Support's Cyclically Adjusted PB Ratio falls into.



Innovative Solutions and Support 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, Innovative Solutions and Support'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)
=2.286/129.4194*129.4194
=2.286

Current CPI (Dec. 2023) = 129.4194.

Innovative Solutions and Support Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.260 99.695 2.934
201406 2.302 100.560 2.963
201409 2.183 100.428 2.813
201412 2.224 99.070 2.905
201503 2.208 99.621 2.868
201506 2.002 100.684 2.573
201509 1.854 100.392 2.390
201512 1.844 99.792 2.391
201603 1.943 100.470 2.503
201606 1.952 101.688 2.484
201609 1.965 101.861 2.497
201612 1.894 101.863 2.406
201703 2.251 102.862 2.832
201706 2.252 103.349 2.820
201709 2.241 104.136 2.785
201712 2.188 104.011 2.722
201803 2.115 105.290 2.600
201806 2.053 106.317 2.499
201809 2.028 106.507 2.464
201812 2.036 105.998 2.486
201903 2.052 107.251 2.476
201906 2.082 108.070 2.493
201909 2.141 108.329 2.558
201912 2.161 108.420 2.580
202003 2.187 108.902 2.599
202006 2.261 108.767 2.690
202009 1.613 109.815 1.901
202012 1.130 109.897 1.331
202103 1.175 111.754 1.361
202106 1.334 114.631 1.506
202109 1.426 115.734 1.595
202112 1.494 117.630 1.644
202203 1.586 121.301 1.692
202206 1.669 125.017 1.728
202209 1.776 125.227 1.835
202212 1.847 125.222 1.909
202303 1.960 127.348 1.992
202306 2.052 128.729 2.063
202309 2.215 129.860 2.207
202312 2.286 129.419 2.286

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


Innovative Solutions and Support  (NAS:ISSC) 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.

Innovative Solutions and Support's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.46/2.33
=2.77

* 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 Innovative Solutions and Support was 4.06. The lowest was 0.63. And the median was 1.71.


Be Aware

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


Innovative Solutions and Support Cyclically Adjusted Book per Share Related Terms

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


Innovative Solutions and Support (Innovative Solutions and Support) Business Description

Traded in Other Exchanges
N/A
Address
720 Pennsylvania Drive, Exton, PA, USA, 19341
Innovative Solutions and Support Inc is a systems integrator that designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. The company supplies integrated Flight Management Systems, Flat Panel Display Systems, Integrated Standby Units, Advanced Global Positioning System receivers that enable reduced carbon footprint navigation, and an Autothrottle, which allows a pilot to automatically control the power setting of the engine and is designed to reduce pilot workload and enhance safety. It sells its products to both the OEM and the retrofit markets.
Executives
Glen R Bressner director 720 PENNSYLAVANIA DR, EXTON PA 19341
Estate Of Geoffrey S. M. Hedrick 10 percent owner C/O INNOVATIVE SOLUTIONS AND SUPPORT INC, 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Winston J Churchill director C/O SCP PARTNERS, SUITE 300, 1200 LIBERTY RIDGE DRIVE, WAYNE PA 19087
Christopher Harborne 10 percent owner 23F M THAI TOWER, ALL SEASONS PLACE, 87 WIRELESS ROAD, BANGKOK W1 10300
Michael Linacre officer: Chief Financial Officer 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Parizad Olver director C/O SEMPER PARATUS ACQUISITION CORP., 767 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Mittelstaedt Robert E Jr director
Stephen L Belland director 5717 COMPASS COURT, CAPE CORAL FL 33914
Roger Anthony Carolin director 1200 LIBERTY RIDGE DRIVE, WAYNE PA 19087
Relland Winand officer: Chief Financial Officer C/O INNOVATIVE SOLUTIONS & SUPPORT INC., 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Shahram Askarpour officer: President C/O INNOVATIVE SOLUTIONS & SUPPORT, INC., 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Ronald Albrecht officer: Chief Financial Officer C/O INNOVATIVE SOLUTIONS AND SUPPORT INC, 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Robert Mionis director
John C Long officer: Chief Financial Officer 2400 BERNVILLE ROAD, READING PA 19612
Raymond J Wilson director 720 PENNSYLVANIA DRIVE, EXTON PA 19341