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Interactive Brokers Group (Interactive Brokers Group) Cyclically Adjusted PB Ratio : 5.24 (As of Apr. 27, 2024)


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What is Interactive Brokers Group Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Interactive Brokers Group's current share price is $116.15. Interactive Brokers Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $22.15. Interactive Brokers Group's Cyclically Adjusted PB Ratio for today is 5.24.

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

IBKR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.68   Max: 5.3
Current: 5.3

During the past years, Interactive Brokers Group's highest Cyclically Adjusted PB Ratio was 5.30. The lowest was 0.97. And the median was 1.68.

IBKR's Cyclically Adjusted PB Ratio is ranked worse than
87.85% of 461 companies
in the Capital Markets industry
Industry Median: 1.12 vs IBKR: 5.30

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.

Interactive Brokers Group's adjusted book value per share data for the three months ended in Dec. 2023 was $33.481. 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 $22.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Interactive Brokers Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Interactive Brokers 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.

Interactive Brokers Group Cyclically Adjusted PB Ratio Chart

Interactive Brokers 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 1.34 1.95 3.00 3.61 3.74

Interactive Brokers Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 3.61 3.99 3.91 3.97 3.74

Competitive Comparison of Interactive Brokers Group's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Interactive Brokers 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.


Interactive Brokers Group's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Interactive Brokers Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Interactive Brokers 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=116.15/22.15
=5.24

* 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.

Interactive Brokers Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Interactive Brokers Group'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)
=33.481/129.4194*129.4194
=33.481

Current CPI (Dec. 2023) = 129.4194.

Interactive Brokers Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.226 99.695 17.169
201406 13.351 100.560 17.183
201409 13.149 100.428 16.945
201412 13.100 99.070 17.113
201503 12.791 99.621 16.617
201506 12.854 100.684 16.523
201509 13.255 100.392 17.088
201512 13.487 99.792 17.491
201603 14.018 100.470 18.057
201606 13.933 101.688 17.733
201609 14.430 101.861 18.334
201612 14.327 101.863 18.203
201703 14.664 102.862 18.450
201706 14.932 103.349 18.699
201709 15.334 104.136 19.057
201712 15.250 104.011 18.975
201803 15.836 105.290 19.465
201806 16.085 106.317 19.580
201809 16.552 106.507 20.113
201812 17.070 105.998 20.842
201903 17.643 107.251 21.290
201906 17.986 108.070 21.539
201909 18.306 108.329 21.870
201912 18.919 108.420 22.583
202003 19.361 108.902 23.009
202006 19.705 108.767 23.446
202009 20.353 109.815 23.986
202012 21.493 109.897 25.311
202103 22.421 111.754 25.965
202106 23.358 114.631 26.371
202109 23.746 115.734 26.554
202112 24.388 117.630 26.832
202203 24.998 121.301 26.671
202206 25.351 125.017 26.244
202209 26.024 125.227 26.895
202212 27.681 125.222 28.609
202303 29.140 127.348 29.614
202306 30.270 128.729 30.432
202309 31.684 129.860 31.577
202312 33.481 129.419 33.481

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.


Interactive Brokers Group  (NAS:IBKR) 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.


Interactive Brokers Group Cyclically Adjusted PB Ratio Related Terms

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


Interactive Brokers Group (Interactive Brokers Group) Business Description

Traded in Other Exchanges
Address
One Pickwick Plaza, Greenwich, CT, USA, 06830
Interactive Brokers is an online brokerage that generates trading commissions (around 43% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and ETFs. Interactive Brokers also generates net interest income (about 54% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about negative 3% of net revenue). The firm derives about 70% of its net revenue from the U.S. and 30% from international markets.
Executives
Thomas Aj Frank officer: Exec V.P & Chief Info Officer ONE PICKWICK PLAZA, GREENWICH CT 06830
Paul Jonathan Brody director, CFO, Treasurer & Secretary ONE PICKWICK PLAZA, GREENWICH CT 06830
Philip Uhde director, other: See Remarks 63 CROSBY STREET, 4TH FLOOR, NEW YORK NY 10012
Thomas Peterffy director, officer: Chairman, CEO & President ONE PICKWICK PLAZA, GREENWICH CT 06830
Jill Bright director 1334 YORK AVENUE, NEW YORK NY 10021
Denis Mendonca officer: Chief Accounting Officer ONE PICKWICK PLAZA, GREENWICH CT 06830
Earl H Nemser director, Vice Chairman ONE PICKWICK PLAZA, GREENWICH CT 06830
Nicole Yuen director ONE PICKWICK PLAZA, GREENWICH CT 06830
William Peterffy director ONE PICKWICK PLAZA, GREENWICH CT 06830
Echinus Advisors, Llc director, other: See Remarks 63 CROSBY STREET, 4TH FLOOR, NEW YORK NY 10012
John M. Damgard director ONE PICKWICK PLAZA, GREENWICH CT 06830
Milan Galik director, officer: Sr. V.P. Software Development ONE PICKWICK PLAZA, GREENWICH CT 06830
Kenneth James Winston director 870 S SAN RAFAEL AVE, PASADENA CA 91105
Gary Katz director ONE PICKWICK PLAZA, GREENWICH CT 06830
Wayne Hilbert Wagner director 4337 CITY DRIVE, PENTHOUSE 43, MARINA DEL REY CA 90292