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Inmet Mining (FRA:MMC) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)


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What is Inmet Mining Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Inmet Mining Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Inmet Mining'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.

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Inmet Mining Cyclically Adjusted PB Ratio Chart

Inmet Mining Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted PB Ratio
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Inmet Mining Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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Competitive Comparison of Inmet Mining's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, Inmet Mining'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.


Inmet Mining's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Inmet Mining's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Inmet Mining 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.

Inmet Mining's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2012 is calculated as:

For example, Inmet Mining's adjusted Book Value per Share data for the three months ended in Dec. 2012 was:

Adj_Book=Book Value per Share/CPI of Dec. 2012 (Change)*Current CPI (Dec. 2012)
=40.602/95.7598*95.7598
=40.602

Current CPI (Dec. 2012) = 95.7598.

Inmet Mining Quarterly Data

Book Value per Share CPI Adj_Book
200303 4.085 81.459 4.802
200306 4.130 80.985 4.883
200309 4.956 81.459 5.826
200312 4.238 81.538 4.977
200403 6.924 82.091 8.077
200406 7.066 83.039 8.148
200409 7.637 82.960 8.815
200412 4.901 83.276 5.636
200503 7.060 83.987 8.050
200506 7.958 84.461 9.023
200509 9.416 85.647 10.528
200512 9.680 85.015 10.903
200603 10.547 85.805 11.771
200606 12.276 86.516 13.588
200609 13.761 86.279 15.273
200612 14.399 86.437 15.952
200703 15.801 87.780 17.237
200706 17.973 88.412 19.467
200709 19.762 88.412 21.404
200712 20.008 88.491 21.652
200803 20.411 88.965 21.970
200806 21.699 91.177 22.790
200809 23.367 91.414 24.478
200812 23.279 89.518 24.902
200903 24.489 90.071 26.036
200906 28.366 90.940 29.869
200909 25.123 90.624 26.547
200912 25.867 90.703 27.309
201003 28.436 91.335 29.814
201006 31.379 91.809 32.729
201009 31.539 92.362 32.699
201012 36.160 92.836 37.299
201103 32.482 94.338 32.972
201106 35.985 94.654 36.406
201109 35.156 95.286 35.331
201112 36.345 94.970 36.647
201203 38.273 96.155 38.116
201206 40.171 96.076 40.039
201209 40.685 96.392 40.418
201212 40.602 95.760 40.602

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.


Inmet Mining  (FRA:MMC) 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.


Inmet Mining Cyclically Adjusted PB Ratio Related Terms

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Inmet Mining (FRA:MMC) Business Description

Traded in Other Exchanges
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Address
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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Çayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. Pyhäsalmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.