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IVS Group (LTS:0OLX) Cyclically Adjusted Book per Share : €6.26 (As of Jun. 2024)


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What is IVS Group 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.

IVS Group's adjusted book value per share for the three months ended in Jun. 2024 was €5.472. 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 €6.26 for the trailing ten years ended in Jun. 2024.

During the past 12 months, IVS Group's average Cyclically Adjusted Book Growth Rate was -1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.90% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of IVS Group was 1.90% per year. The lowest was 1.90% per year. And the median was 1.90% per year.

As of today (2025-05-12), IVS Group's current stock price is €7.10. IVS Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €6.26. IVS Group's Cyclically Adjusted PB Ratio of today is 1.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of IVS Group was 0.96. The lowest was 0.46. And the median was 0.67.


IVS Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for IVS Group'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.

IVS Group Cyclically Adjusted Book per Share Chart

IVS Group 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 - 6.42 8.74 7.60 7.52

IVS Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 7.53 7.54 7.52 6.95 6.26

Competitive Comparison of IVS Group's Cyclically Adjusted Book per Share

For the Specialty Retail subindustry, IVS 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.


IVS Group's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, IVS Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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IVS Group 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, IVS Group's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=5.472/120.7000*120.7000
=5.472

Current CPI (Jun. 2024) = 120.7000.

IVS Group Quarterly Data

Book Value per Share CPI Adj_Book
201409 6.927 99.814 8.376
201412 6.446 99.721 7.802
201503 6.514 99.814 7.877
201506 6.520 100.279 7.848
201509 6.611 100.000 7.979
201512 5.893 99.814 7.126
201603 5.973 99.600 7.238
201606 6.086 99.900 7.353
201609 6.144 100.100 7.408
201612 6.218 100.300 7.483
201703 0.000 101.000 0.000
201706 6.206 101.100 7.409
201709 6.350 101.200 7.574
201712 6.901 101.200 8.231
201803 7.033 101.800 8.339
201806 6.987 102.400 8.236
201809 7.089 102.600 8.340
201812 7.202 102.300 8.497
201903 7.411 102.800 8.701
201906 7.199 103.100 8.428
201909 7.250 102.900 8.504
201912 7.372 102.800 8.656
202003 7.580 102.900 8.891
202006 7.463 102.900 8.754
202009 7.435 102.300 8.772
202012 7.009 102.600 8.245
202103 6.966 103.700 8.108
202106 7.066 104.200 8.185
202109 7.100 104.900 8.169
202112 7.137 106.600 8.081
202203 7.071 110.400 7.731
202206 5.419 112.500 5.814
202209 5.453 114.200 5.763
202212 5.332 119.000 5.408
202303 5.367 118.800 5.453
202306 5.304 119.700 5.348
202309 5.296 120.300 5.314
202312 5.415 119.700 5.460
202403 5.441 120.200 5.464
202406 5.472 120.700 5.472

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


IVS Group  (LTS:0OLX) 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.

IVS Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.10/6.26
=1.13

* 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 IVS Group was 0.96. The lowest was 0.46. And the median was 0.67.


Be Aware

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


IVS Group Cyclically Adjusted Book per Share Related Terms

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


IVS Group Business Description

Industry
Traded in Other Exchanges
N/A
Address
Via dell`Artigianato, 25, Seriate, Bergamo, ITA, 24068
IVS Group SA is into vending machine business engaged in operating in four segments; Vending division which generates key revenue, and offers the sale and supply of goods, food, and beverages via automated and semiautomated vending machines, Reselling division includes sales of vending machines and food to small companies operating in the vending business, Ho.Re.Ca division comprises sales through the specific distribution channel of the hotel, and restaurant to companies selling food and beverages, and Coin division comprises management of metallic money (coins) (collection, packaging, and delivery), e-money, and payment services businesses. The company derives a majority of its revenue from Italy and the rest from France, Spain, and other regions.

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