International Hotel Investments (MAL:IHI) Cyclically Adjusted PB Ratio : 0.35 (As of Jun. 20, 2024)

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What is International Hotel Investments Cyclically Adjusted PB Ratio?

As of today (2024-06-20), International Hotel Investments's current share price is €0.44. International Hotel Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €1.24. International Hotel Investments's Cyclically Adjusted PB Ratio for today is 0.35.

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

MAL:IHI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.56 Max: 0.79
Current: 0.36

During the past 13 years, International Hotel Investments's highest Cyclically Adjusted PB Ratio was 0.79. The lowest was 0.35. And the median was 0.56.

MAL:IHI's Cyclically Adjusted PB Ratio is ranked better than
81.83% of 622 companies
in the Travel & Leisure industry
Industry Median: 1.335 vs MAL:IHI: 0.36

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.

International Hotel Investments's adjusted book value per share data of for the fiscal year that ended in Dec23 was €0.996. 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 €1.24 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

International Hotel Investments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for International Hotel Investments'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.

International Hotel Investments Cyclically Adjusted PB Ratio Chart

International Hotel Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.72

0.63

0.52

0.55

0.47

International Hotel Investments 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															0.52	-	0.55	-	0.47

Competitive Comparison of International Hotel Investments's Cyclically Adjusted PB Ratio

For the Lodging subindustry, International Hotel Investments'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.

International Hotel Investments's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, International Hotel Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

International Hotel Investments 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.

International Hotel Investments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.44	/	1.24
	=	0.35

International Hotel Investments's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, International Hotel Investments's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	0.996	/	129.4194	*	129.4194
	=	0.996

Current CPI (Dec23) = 129.4194.

International Hotel Investments Annual Data

	Book Value per Share	CPI	Adj_Book
201412	1.011	99.070	1.321
201512	1.029	99.792	1.334
201612	1.061	101.863	1.348
201712	1.087	104.011	1.353
201812	1.110	105.998	1.355
201912	1.139	108.420	1.360
202012	0.980	109.897	1.154
202112	1.015	117.630	1.117
202212	0.986	125.222	1.019
202312	0.996	129.419	0.996

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.

International Hotel Investments (MAL:IHI) 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.

International Hotel Investments Cyclically Adjusted PB Ratio Related Terms

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International Hotel Investments (MAL:IHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Hotel Investments PLC (MAL:IHI) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Europa Centre, Floriana, MLT, FRN 1400

Website

https://www.corinthiagroup.com

International Hotel Investments PLC operates in the hotel industry. The company is engaged in the ownership, development and operation of hotels, leisure facilities and other activities related to the tourism industry. It has operations spread across various geographical locations which include Malta, Lisbon; Budapest; St. Petersburg; Prague; London, and Tripoli. The company derives a most of revenue from London.