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Info Yatirim Menkul Degerler AS (IST:INFO) Cyclically Adjusted Book per Share : ₺1.20 (As of Dec. 2023)


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What is Info Yatirim Menkul Degerler AS 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.

Info Yatirim Menkul Degerler AS's adjusted book value per share for the three months ended in Dec. 2023 was ₺5.518. 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 ₺1.20 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Info Yatirim Menkul Degerler AS's average Cyclically Adjusted Book Growth Rate was 51.90% 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.

As of today (2024-06-08), Info Yatirim Menkul Degerler AS's current stock price is ₺10.28. Info Yatirim Menkul Degerler AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺1.20. Info Yatirim Menkul Degerler AS's Cyclically Adjusted PB Ratio of today is 8.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Info Yatirim Menkul Degerler AS was 20.33. The lowest was 4.47. And the median was 10.58.


Info Yatirim Menkul Degerler AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Info Yatirim Menkul Degerler AS'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.

Info Yatirim Menkul Degerler AS Cyclically Adjusted Book per Share Chart

Info Yatirim Menkul Degerler AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.52 0.79 1.20

Info Yatirim Menkul Degerler AS 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 0.79 0.87 0.95 1.07 1.20

Competitive Comparison of Info Yatirim Menkul Degerler AS's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Info Yatirim Menkul Degerler AS'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.


Info Yatirim Menkul Degerler AS's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Info Yatirim Menkul Degerler AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Info Yatirim Menkul Degerler AS's Cyclically Adjusted PB Ratio falls into.



Info Yatirim Menkul Degerler AS 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, Info Yatirim Menkul Degerler AS'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)
=5.518/129.4194*129.4194
=5.518

Current CPI (Dec. 2023) = 129.4194.

Info Yatirim Menkul Degerler AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.310 99.695 0.402
201406 0.316 100.560 0.407
201409 0.319 100.428 0.411
201412 0.323 99.070 0.422
201503 0.331 99.621 0.430
201506 0.336 100.684 0.432
201509 0.347 100.392 0.447
201512 0.361 99.792 0.468
201603 0.373 100.470 0.480
201606 0.363 101.688 0.462
201609 0.371 101.861 0.471
201612 0.378 101.863 0.480
201703 0.384 102.862 0.483
201706 0.363 103.349 0.455
201709 0.369 104.136 0.459
201712 0.376 104.011 0.468
201803 0.386 105.290 0.474
201806 0.404 106.317 0.492
201809 0.417 106.507 0.507
201812 0.407 105.998 0.497
201903 0.419 107.251 0.506
201906 0.405 108.070 0.485
201909 0.446 108.329 0.533
201912 0.469 108.420 0.560
202003 0.552 108.902 0.656
202006 0.643 108.767 0.765
202009 1.108 109.815 1.306
202012 0.666 109.897 0.784
202103 0.839 111.754 0.972
202106 0.871 114.631 0.983
202109 0.964 115.734 1.078
202112 1.152 117.630 1.267
202203 1.496 121.301 1.596
202206 1.739 125.017 1.800
202209 2.580 125.227 2.666
202212 5.506 125.222 5.691
202303 3.492 127.348 3.549
202306 3.147 128.729 3.164
202309 4.872 129.860 4.855
202312 5.518 129.419 5.518

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


Info Yatirim Menkul Degerler AS  (IST:INFO) 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.

Info Yatirim Menkul Degerler AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.28/1.2
=8.57

* 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 Info Yatirim Menkul Degerler AS was 20.33. The lowest was 4.47. And the median was 10.58.


Be Aware

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


Info Yatirim Menkul Degerler AS Cyclically Adjusted Book per Share Related Terms

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


Info Yatirim Menkul Degerler AS (IST:INFO) Business Description

Traded in Other Exchanges
N/A
Address
Buyukdere cad. no : 20, Levent, Istanbul, TUR, 34330
Info Yatirim Menkul Degerler AS Formerly Info Yatirim AS is a Turkey-based company engaged in securities brokerage services. The company provides services such as securities brokerage, initial public offering advisory, portfolio management, investment advisory, bond and bills market services and derivatives brokerage.

Info Yatirim Menkul Degerler AS (IST:INFO) Headlines

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