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Industrivarden AB (Industrivarden AB) Cyclically Adjusted PB Ratio : 1.87 (As of Jun. 06, 2024)


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What is Industrivarden AB Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Industrivarden AB's current share price is $36.87. Industrivarden AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $19.73. Industrivarden AB's Cyclically Adjusted PB Ratio for today is 1.87.

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

IDTVF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.25   Max: 1.78
Current: 1.3

During the past years, Industrivarden AB's highest Cyclically Adjusted PB Ratio was 1.78. The lowest was 0.92. And the median was 1.25.

IDTVF's Cyclically Adjusted PB Ratio is ranked worse than
77.07% of 942 companies
in the Asset Management industry
Industry Median: 0.8 vs IDTVF: 1.30

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.

Industrivarden AB's adjusted book value per share data for the three months ended in Mar. 2024 was $37.004. 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 $19.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Industrivarden AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Industrivarden AB'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.

Industrivarden AB Cyclically Adjusted PB Ratio Chart

Industrivarden AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 1.44 1.33 0.99 1.17

Industrivarden AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.07 1.11 1.06 1.17 1.29

Competitive Comparison of Industrivarden AB's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Industrivarden AB'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.


Industrivarden AB's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Industrivarden AB 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.

Industrivarden AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.87/19.73
=1.87

* 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.

Industrivarden AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Industrivarden AB'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)
=37.004/132.2054*132.2054
=37.004

Current CPI (Mar. 2024) = 132.2054.

Industrivarden AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 23.121 100.432 30.436
201409 21.174 100.161 27.948
201412 20.437 100.225 26.958
201503 21.413 99.950 28.323
201506 20.701 99.995 27.369
201509 18.628 100.228 24.571
201512 18.477 100.276 24.360
201603 19.688 100.751 25.835
201606 19.111 101.019 25.011
201609 20.506 101.138 26.805
201612 20.633 102.022 26.737
201703 23.964 102.022 31.054
201706 24.866 102.752 31.994
201709 27.377 103.279 35.045
201712 26.251 103.793 33.437
201803 27.155 103.962 34.532
201806 25.097 104.875 31.637
201809 26.346 105.679 32.959
201812 21.664 105.912 27.042
201903 24.830 105.886 31.002
201906 25.401 106.742 31.461
201909 23.817 107.214 29.369
201912 27.412 107.766 33.629
202003 21.940 106.563 27.220
202006 26.310 107.498 32.357
202009 29.087 107.635 35.727
202012 33.238 108.296 40.576
202103 37.446 108.360 45.686
202106 36.956 108.928 44.853
202109 34.093 110.338 40.850
202112 36.446 112.486 42.835
202203 29.838 114.825 34.354
202206 26.172 118.384 29.228
202209 22.765 122.296 24.610
202212 28.151 126.365 29.452
202303 30.497 127.042 31.737
202306 29.331 129.407 29.965
202309 28.054 130.224 28.481
202312 33.831 131.912 33.906
202403 37.004 132.205 37.004

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.


Industrivarden AB  (OTCPK:IDTVF) 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.


Industrivarden AB Cyclically Adjusted PB Ratio Related Terms

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


Industrivarden AB (Industrivarden AB) Business Description

Address
Storgatan 10, Stockholm, SWE, 114 51
Industrivarden AB is an asset management firm with a long-term, activist orientation. The company's stated investment goal is to increase net asset value and generate returns in excess of the market cost of capital. Industrivarden makes investments in Nordic companies it can influence through corporate governance actions. It benchmarks its performance relative to the average return of the Stockholm Stock Exchange. The firm counts many public and private pension managers, foundations, and retail investors as its client base. Its security selection criteria emphasize enduring business models with promising growth prospects at an attractive valuation.

Industrivarden AB (Industrivarden AB) Headlines

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