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IMS (WAR:IMS) Cyclically Adjusted Book per Share : zł0.86 (As of Mar. 2024)


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What is IMS 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.

IMS's adjusted book value per share for the three months ended in Mar. 2024 was zł1.228. 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 zł0.86 for the trailing ten years ended in Mar. 2024.

During the past 12 months, IMS's average Cyclically Adjusted Book Growth Rate was 7.50% 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 (2024-09-22), IMS's current stock price is zł3.58. IMS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł0.86. IMS's Cyclically Adjusted PB Ratio of today is 4.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of IMS was 6.37. The lowest was 0.32. And the median was 4.22.


IMS Cyclically Adjusted Book per Share Historical Data

The historical data trend for IMS'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.

IMS Cyclically Adjusted Book per Share Chart

IMS 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 - - 0.61 0.75 0.84

IMS 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 0.80 0.81 0.82 0.84 0.86

Competitive Comparison of IMS's Cyclically Adjusted Book per Share

For the Advertising Agencies subindustry, IMS'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.


IMS's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, IMS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



IMS 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, IMS'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)
=1.228/149.0435*149.0435
=1.228

Current CPI (Mar. 2024) = 149.0435.

IMS Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.450 101.180 0.663
201409 0.475 100.611 0.704
201412 0.517 100.122 0.770
201503 0.556 100.041 0.828
201506 0.513 100.448 0.761
201509 0.553 99.634 0.827
201512 0.527 99.471 0.790
201603 0.525 98.983 0.791
201606 0.498 99.552 0.746
201609 0.489 99.064 0.736
201612 0.564 100.366 0.838
201703 0.594 101.018 0.876
201706 0.531 101.180 0.782
201709 0.541 101.343 0.796
201712 0.629 102.564 0.914
201803 0.701 102.564 1.019
201806 0.460 103.378 0.663
201809 0.480 103.378 0.692
201812 0.573 103.785 0.823
201903 0.615 104.274 0.879
201906 0.538 105.983 0.757
201909 0.590 105.983 0.830
201912 0.635 107.123 0.883
202003 0.625 109.076 0.854
202006 0.641 109.402 0.873
202009 0.627 109.320 0.855
202012 0.642 109.565 0.873
202103 0.660 112.658 0.873
202106 0.678 113.960 0.887
202109 0.719 115.588 0.927
202112 0.826 119.088 1.034
202203 0.875 125.031 1.043
202206 0.741 131.705 0.839
202209 0.808 135.531 0.889
202212 0.940 139.113 1.007
202303 1.003 145.950 1.024
202306 0.867 147.009 0.879
202309 0.919 146.113 0.937
202312 1.175 147.741 1.185
202403 1.228 149.044 1.228

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


IMS  (WAR:IMS) 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.

IMS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.58/0.86
=4.16

* 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 IMS was 6.37. The lowest was 0.32. And the median was 4.22.


Be Aware

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


IMS Cyclically Adjusted Book per Share Related Terms

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


IMS Business Description

Industry
Traded in Other Exchanges
N/A
Address
Ulica Pu?awska 366, Warsaw, POL, 02-819
IMS SA offers sensory marketing services in Poland. The company operates in the media and modern technology segment. The company's services include Audio marketing, Digital Signage, Scent marketing, Event marketing, Technology and development for sensory marketing.

IMS Headlines

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