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Ironbark Capital (ASX:IBC) Cyclically Adjusted PB Ratio : 0.70 (As of Jun. 09, 2024)


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What is Ironbark Capital Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Ironbark Capital's current share price is A$0.44. Ironbark Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was A$0.63. Ironbark Capital's Cyclically Adjusted PB Ratio for today is 0.70.

The historical rank and industry rank for Ironbark Capital's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASX:IBC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 0.82   Max: 0.91
Current: 0.7

During the past 13 years, Ironbark Capital's highest Cyclically Adjusted PB Ratio was 0.91. The lowest was 0.65. And the median was 0.82.

ASX:IBC's Cyclically Adjusted PB Ratio is ranked better than
60.32% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs ASX:IBC: 0.70

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.

Ironbark Capital's adjusted book value per share data of for the fiscal year that ended in Jun23 was A$0.560. 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 A$0.63 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ironbark Capital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ironbark Capital's Cyclically Adjusted PB Ratio 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.

Ironbark Capital Cyclically Adjusted PB Ratio Chart

Ironbark Capital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.72 0.86 0.80 0.71

Ironbark Capital 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 PB Ratio 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 - 0.71 -

Competitive Comparison of Ironbark Capital's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Ironbark Capital'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.


Ironbark Capital's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ironbark Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ironbark Capital Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ironbark Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.44/0.63
=0.70

* 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.

Ironbark Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Ironbark Capital's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book=Book Value per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.56/124.1700*124.1700
=0.560

Current CPI (Jun23) = 124.1700.

Ironbark Capital Annual Data

Book Value per Share CPI Adj_Book
201406 0.561 98.352 0.708
201506 0.550 99.838 0.684
201606 0.541 100.859 0.666
201706 0.539 102.809 0.651
201806 0.537 104.945 0.635
201906 0.543 106.617 0.632
202006 0.499 106.246 0.583
202106 0.544 110.332 0.612
202206 0.533 117.112 0.565
202306 0.560 124.170 0.560

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


Ironbark Capital  (ASX:IBC) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ironbark Capital Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ironbark Capital's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ironbark Capital (ASX:IBC) Business Description

Traded in Other Exchanges
N/A
Address
180 Ocean Street, Suite 607, Edgecliff, Sydney, NSW, AUS, 2027
Ironbark Capital Ltd is an investment company. It generates its revenue in the form of dividends, interest, distribution, the sale of its trading portfolio and other income. The Company operated in Australia only and the principal activity is investment.

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