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Ivanhoe Mines (Ivanhoe Mines) Cyclically Adjusted Book per Share : $1.91 (As of Mar. 2024)


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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. 2024 was $2.862. 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 $1.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ivanhoe Mines's average Cyclically Adjusted Book Growth Rate was 15.20% 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 (2024-06-13), Ivanhoe Mines's current stock price is $12.63. Ivanhoe Mines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $1.91. Ivanhoe Mines's Cyclically Adjusted PB Ratio of today is 6.61.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ivanhoe Mines was 8.25. The lowest was 0.00. And the median was 0.00.


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 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 - 1.25 1.49 1.59 1.87

Ivanhoe Mines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.66 1.75 1.79 1.87 1.91

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. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.862/126.2576*126.2576
=2.862

Current CPI (Mar. 2024) = 126.2576.

Ivanhoe Mines Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.523 99.473 0.664
201409 0.502 99.394 0.638
201412 0.461 98.367 0.592
201503 0.442 99.789 0.559
201506 0.496 100.500 0.623
201509 0.486 100.421 0.611
201512 1.408 99.947 1.779
201603 1.405 101.054 1.755
201606 1.398 102.002 1.730
201609 1.402 101.765 1.739
201612 1.391 101.449 1.731
201703 1.388 102.634 1.707
201706 1.379 103.029 1.690
201709 1.360 103.345 1.662
201712 1.619 103.345 1.978
201803 1.625 105.004 1.954
201806 1.584 105.557 1.895
201809 1.843 105.636 2.203
201812 1.876 105.399 2.247
201903 1.871 106.979 2.208
201906 1.880 107.690 2.204
201909 2.028 107.611 2.379
201912 2.046 107.769 2.397
202003 1.992 107.927 2.330
202006 1.996 108.401 2.325
202009 1.996 108.164 2.330
202012 2.024 108.559 2.354
202103 2.042 110.298 2.337
202106 1.967 111.720 2.223
202109 2.031 112.905 2.271
202112 2.062 113.774 2.288
202203 2.104 117.646 2.258
202206 2.361 120.806 2.468
202209 2.367 120.648 2.477
202212 2.412 120.964 2.518
202303 2.477 122.702 2.549
202306 2.554 124.203 2.596
202309 2.646 125.230 2.668
202312 2.915 125.072 2.943
202403 2.862 126.258 2.862

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


Ivanhoe Mines  (OTCPK:IVPAF) 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
=12.63/1.91
=6.61

* 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 8.25. The lowest was 0.00. And the median was 0.00.


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 (Ivanhoe Mines) Business Description

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 three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC. It is also exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to the Kamoa-Kakula Copper Complex.