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Intact Financial (Intact Financial) Cyclically Adjusted PB Ratio : 3.48 (As of Apr. 28, 2024)


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What is Intact Financial Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Intact Financial's current share price is $164.42. Intact Financial's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $47.22. Intact Financial's Cyclically Adjusted PB Ratio for today is 3.48.

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

IFCZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.53   Med: 3.11   Max: 3.81
Current: 3.56

During the past years, Intact Financial's highest Cyclically Adjusted PB Ratio was 3.81. The lowest was 2.53. And the median was 3.11.

IFCZF's Cyclically Adjusted PB Ratio is ranked worse than
87.89% of 413 companies
in the Insurance industry
Industry Median: 1.15 vs IFCZF: 3.56

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.

Intact Financial's adjusted book value per share data for the three months ended in Dec. 2023 was $60.907. 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 $47.22 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intact Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intact Financial'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.

Intact Financial Cyclically Adjusted PB Ratio Chart

Intact Financial 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 3.45 3.46 3.29 3.40 3.24

Intact Financial 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 3.40 3.28 3.38 3.20 3.24

Competitive Comparison of Intact Financial's Cyclically Adjusted PB Ratio

For the Insurance - Property & Casualty subindustry, Intact Financial'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.


Intact Financial's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Intact Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Intact Financial 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.

Intact Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=164.42/47.22
=3.48

* 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.

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

For example, Intact Financial'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)
=60.907/125.4675*125.4675
=60.907

Current CPI (Dec. 2023) = 125.4675.

Intact Financial Quarterly Data

Book Value per Share CPI Adj_Book
201403 31.334 98.604 39.870
201406 33.511 99.473 42.268
201409 33.098 99.394 41.780
201412 32.737 98.367 41.756
201503 30.871 99.789 38.815
201506 31.730 100.500 39.613
201509 28.634 100.421 35.776
201512 29.130 99.947 36.568
201603 30.292 101.054 37.610
201606 31.466 102.002 38.705
201609 31.634 101.765 39.002
201612 32.033 101.449 39.617
201703 32.228 102.634 39.398
201706 31.711 103.029 38.617
201709 37.921 103.345 46.039
201712 37.585 103.345 45.631
201803 36.592 105.004 43.723
201806 37.058 105.557 44.048
201809 37.802 105.636 44.899
201812 36.265 105.399 43.170
201903 37.548 106.979 44.037
201906 36.546 107.690 42.579
201909 37.640 107.611 43.886
201912 40.984 107.769 47.715
202003 37.044 107.927 43.064
202006 39.811 108.401 46.079
202009 42.492 108.164 49.290
202012 45.897 108.559 53.045
202103 49.477 110.298 56.282
202106 63.558 111.720 71.379
202109 62.515 112.905 69.471
202112 66.193 113.774 72.996
202203 64.922 117.646 69.239
202206 63.152 120.806 65.589
202209 59.148 120.648 61.511
202212 60.990 120.964 63.261
202303 56.805 122.702 58.085
202306 57.420 124.203 58.004
202309 57.088 125.230 57.196
202312 60.907 125.468 60.907

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.


Intact Financial  (OTCPK:IFCZF) 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.


Intact Financial Cyclically Adjusted PB Ratio Related Terms

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


Intact Financial (Intact Financial) Business Description

Address
700 University Avenue, Suite 1500, Toronto, ON, CAN, M5G 0A1
Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.

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