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Interactive Brokers Group (STU:KY6) Cyclically Adjusted Book per Share : €23.67 (As of Mar. 2025)


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What is Interactive Brokers 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.

Interactive Brokers Group's adjusted book value per share for the three months ended in Mar. 2025 was €38.225. 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 €23.67 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Interactive Brokers Group's average Cyclically Adjusted Book Growth Rate was 11.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -8.20% 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 Interactive Brokers Group was 3.60% per year. The lowest was -16.80% per year. And the median was -2.30% per year.

As of today (2025-05-28), Interactive Brokers Group's current stock price is €185.85. Interactive Brokers Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €23.67. Interactive Brokers Group's Cyclically Adjusted PB Ratio of today is 7.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Interactive Brokers Group was 9.46. The lowest was 0.97. And the median was 1.96.


Interactive Brokers Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Interactive Brokers 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.

Interactive Brokers Group Cyclically Adjusted Book per Share Chart

Interactive Brokers Group 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 25.33 23.61 18.62 19.95 24.00

Interactive Brokers Group 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 21.29 22.01 21.52 24.00 23.67

Competitive Comparison of Interactive Brokers Group's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Interactive Brokers 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.


Interactive Brokers Group's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Interactive Brokers Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Interactive Brokers 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, Interactive Brokers Group'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)
=38.225/134.9266*134.9266
=38.225

Current CPI (Mar. 2025) = 134.9266.

Interactive Brokers Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 11.452 100.684 15.347
201509 11.810 100.392 15.873
201512 12.382 99.792 16.741
201603 12.588 100.470 16.905
201606 12.400 101.688 16.453
201609 12.857 101.861 17.031
201612 13.582 101.863 17.991
201703 13.711 102.862 17.985
201706 13.290 103.349 17.351
201709 12.865 104.136 16.669
201712 12.886 104.011 16.716
201803 12.843 105.290 16.458
201806 13.769 106.317 17.474
201809 14.185 106.507 17.970
201812 15.005 105.998 19.100
201903 15.614 107.251 19.643
201906 15.917 108.070 19.873
201909 16.622 108.329 20.703
201912 17.027 108.420 21.190
202003 17.522 108.902 21.709
202006 17.498 108.767 21.706
202009 17.280 109.815 21.231
202012 17.667 109.897 21.691
202103 18.834 111.754 22.739
202106 19.387 114.631 22.819
202109 20.184 115.734 23.531
202112 21.583 117.630 24.757
202203 22.698 121.301 25.248
202206 23.982 125.017 25.883
202209 26.284 125.227 28.320
202212 26.130 125.222 28.155
202303 27.217 127.348 28.837
202306 27.939 128.729 29.284
202309 29.688 129.860 30.846
202312 30.702 129.419 32.008
202403 32.060 131.776 32.826
202406 33.628 132.554 34.230
202409 34.305 133.029 34.794
202412 37.532 133.157 38.031
202503 38.225 134.927 38.225

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


Interactive Brokers Group  (STU:KY6) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=185.85/23.67
=7.85

* 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 Interactive Brokers Group was 9.46. The lowest was 0.97. And the median was 1.96.


Be Aware

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


Interactive Brokers Group Cyclically Adjusted Book per Share Related Terms

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


Interactive Brokers Group Business Description

Traded in Other Exchanges
Address
One Pickwick Plaza, Greenwich, CT, USA, 06830
Interactive Brokers is an online brokerage that generates trading commissions (around 31% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and exchange-traded funds. Interactive Brokers also generates net interest income (about 64% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about 5% of net revenue). The firm derives about 70% of its net revenue from the US and 30% from international markets.

Interactive Brokers Group Headlines

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