GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ivanhoe Mines Ltd (FRA:IYAA) » Definitions » Cyclically Adjusted Book per Share

Ivanhoe Mines (FRA:IYAA) Cyclically Adjusted Book per Share : €2.17 (As of Mar. 2025)


View and export this data going back to 2012. Start your Free Trial

What is Ivanhoe Mines 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.

Ivanhoe Mines's adjusted book value per share for the three months ended in Mar. 2025 was €3.507. 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 €2.17 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ivanhoe Mines's average Cyclically Adjusted Book Growth Rate was 19.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.00% 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 Ivanhoe Mines was 16.00% per year. The lowest was 16.00% per year. And the median was 16.00% per year.

As of today (2025-05-13), Ivanhoe Mines's current stock price is €8.908. Ivanhoe Mines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €2.17. Ivanhoe Mines's Cyclically Adjusted PB Ratio of today is 4.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ivanhoe Mines was 5.97. The lowest was 3.33. And the median was 4.84.


Ivanhoe Mines Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ivanhoe Mines'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.

Ivanhoe Mines Cyclically Adjusted Book per Share Chart

Ivanhoe Mines Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 1.20 1.48 1.66 1.92

Ivanhoe Mines Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.76 1.80 1.88 1.92 2.17

Competitive Comparison of Ivanhoe Mines's Cyclically Adjusted Book per Share

For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines'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.


Ivanhoe Mines's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ivanhoe Mines's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Ivanhoe Mines 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, Ivanhoe Mines's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.507/128.7859*128.7859
=3.507

Current CPI (Mar. 2025) = 128.7859.

Ivanhoe Mines Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.441 100.500 0.565
201509 0.429 100.421 0.550
201512 1.282 99.947 1.652
201603 1.261 101.054 1.607
201606 1.244 102.002 1.571
201609 1.249 101.765 1.581
201612 1.319 101.449 1.674
201703 1.298 102.634 1.629
201706 1.227 103.029 1.534
201709 1.141 103.345 1.422
201712 1.368 103.345 1.705
201803 1.318 105.004 1.617
201806 1.356 105.557 1.654
201809 1.580 105.636 1.926
201812 1.649 105.399 2.015
201903 1.656 106.979 1.994
201906 1.664 107.690 1.990
201909 1.841 107.611 2.203
201912 1.842 107.769 2.201
202003 1.802 107.927 2.150
202006 1.772 108.401 2.105
202009 1.694 108.164 2.017
202012 1.664 108.559 1.974
202103 1.715 110.298 2.002
202106 1.633 111.720 1.882
202109 1.726 112.905 1.969
202112 1.824 113.774 2.065
202203 1.910 117.646 2.091
202206 2.234 120.806 2.382
202209 2.391 120.648 2.552
202212 2.277 120.964 2.424
202303 2.313 122.702 2.428
202306 2.357 124.203 2.444
202309 2.480 125.230 2.550
202312 2.673 125.072 2.752
202403 2.633 126.258 2.686
202406 3.254 127.522 3.286
202409 3.282 127.285 3.321
202412 3.525 127.364 3.564
202503 3.507 128.786 3.507

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


Ivanhoe Mines  (FRA:IYAA) 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.

Ivanhoe Mines's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.908/2.17
=4.11

* 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 Ivanhoe Mines was 5.97. The lowest was 3.33. And the median was 4.84.


Be Aware

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


Ivanhoe Mines Cyclically Adjusted Book per Share Related Terms

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


Ivanhoe Mines Business Description

Industry
Traded in Other Exchanges
Address
999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1
Ivanhoe Mines Ltd is a diversified mining company focused on advancing its four principal projects in Southern Africa namely the Kamoa-Kakula Copper Complex, a large, high-grade, stratiform copper deposit, Platreef Project, where the Company discovered thick and high-grade palladium, nickel, platinum, rhodium, copper and gold deposit, The Kipushi Project, a past-producing, high-grade underground zinc-copper-germanium-silverlead mine, The Western Foreland Exploration Project, a group of exploration licences. The Company has four reportable segments, including the Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company's treasury offices.

Ivanhoe Mines Headlines

No Headlines