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Intershop Holding AG (XSWX:ISN) Cyclically Adjusted Book per Share : CHF75.41 (As of Dec. 2023)


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What is Intershop Holding AG 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.

Intershop Holding AG's adjusted book value per share data for the fiscal year that ended in Dec. 2023 was CHF94.094. 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 CHF75.41 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Intershop Holding AG's average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.40% 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 Intershop Holding AG was 7.70% per year. The lowest was 1.80% per year. And the median was 4.05% per year.

As of today (2024-04-30), Intershop Holding AG's current stock price is CHF 123.60. Intershop Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2023 was CHF75.41. Intershop Holding AG's Cyclically Adjusted PB Ratio of today is 1.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Intershop Holding AG was 2.34. The lowest was 1.35. And the median was 1.84.


Intershop Holding AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Intershop Holding AG'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.

Intershop Holding AG Cyclically Adjusted Book per Share Chart

Intershop Holding AG 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 58.28 60.31 64.59 70.48 75.41

Intershop Holding AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 64.59 - 70.48 - 75.41

Competitive Comparison of Intershop Holding AG's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Intershop Holding AG'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.


Intershop Holding AG's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Intershop Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Intershop Holding AG 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, Intershop Holding AG's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_Book=Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=94.094/106.4611*106.4611
=94.094

Current CPI (Dec. 2023) = 106.4611.

Intershop Holding AG Annual Data

Book Value per Share CPI Adj_Book
201412 54.339 100.704 57.446
201512 55.752 99.386 59.721
201612 59.093 99.380 63.304
201712 61.985 100.213 65.850
201812 69.538 100.906 73.366
201912 70.867 101.063 74.652
202012 74.803 100.241 79.445
202112 85.282 101.776 89.208
202212 95.341 104.666 96.976
202312 94.094 106.461 94.094

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


Intershop Holding AG  (XSWX:ISN) 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.

Intershop Holding AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=123.60/75.41
=1.64

* 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 Intershop Holding AG was 2.34. The lowest was 1.35. And the median was 1.84.


Be Aware

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


Intershop Holding AG Cyclically Adjusted Book per Share Related Terms

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


Intershop Holding AG (XSWX:ISN) Business Description

Industry
Traded in Other Exchanges
Address
Pulse 5, Giessereistrasse 18, PO Box 1601, Zurich, CHE, 8031
Intershop Holding AG is a Switzerland-based company that is principally engaged in Swiss commercial real estate business. The company's property portfolio is mainly located in the main business regions of Switzerland, especially in Zurich, Bern, and Geneva. The company's property portfolio consists of office property, education property, property for light industrial/logistics, retail property, residential property, and parking property, with office property and property for light industrial/logistics accounting for over two thirds of the total property portfolio.

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