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IDEX (STU:ID7) Cyclically Adjusted PB Ratio : 6.19 (As of May. 27, 2024)


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What is IDEX Cyclically Adjusted PB Ratio?

As of today (2024-05-27), IDEX's current share price is €196.40. IDEX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €31.71. IDEX's Cyclically Adjusted PB Ratio for today is 6.19.

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

STU:ID7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.46   Med: 6.61   Max: 9.19
Current: 6.28

During the past years, IDEX's highest Cyclically Adjusted PB Ratio was 9.19. The lowest was 3.46. And the median was 6.61.

STU:ID7's Cyclically Adjusted PB Ratio is ranked worse than
88.9% of 2091 companies
in the Industrial Products industry
Industry Median: 1.84 vs STU:ID7: 6.28

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.

IDEX's adjusted book value per share data for the three months ended in Mar. 2024 was €43.858. 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 €31.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


IDEX Cyclically Adjusted PB Ratio Historical Data

The historical data trend for IDEX'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.

IDEX Cyclically Adjusted PB Ratio Chart

IDEX 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 7.70 8.35 8.78 7.59 6.56

IDEX 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 7.44 6.75 6.36 6.56 7.13

Competitive Comparison of IDEX's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, IDEX'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.


IDEX's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IDEX's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



IDEX 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.

IDEX's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=196.40/31.71
=6.19

* 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.

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

For example, IDEX'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)
=43.858/131.7762*131.7762
=43.858

Current CPI (Mar. 2024) = 131.7762.

IDEX Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.888 100.560 19.510
201409 15.479 100.428 20.311
201412 15.305 99.070 20.358
201503 17.129 99.621 22.658
201506 16.681 100.684 21.832
201509 16.569 100.392 21.749
201512 17.312 99.792 22.861
201603 17.611 100.470 23.098
201606 17.484 101.688 22.657
201609 18.157 101.861 23.489
201612 19.147 101.863 24.770
201703 20.046 102.862 25.681
201706 20.054 103.349 25.570
201709 19.813 104.136 25.072
201712 20.786 104.011 26.335
201803 21.275 105.290 26.627
201806 22.160 106.317 27.467
201809 22.978 106.507 28.430
201812 23.084 105.998 28.698
201903 24.027 107.251 29.521
201906 24.645 108.070 30.051
201909 25.830 108.329 31.421
201912 26.770 108.420 32.537
202003 26.794 108.902 32.422
202006 26.604 108.767 32.232
202009 26.892 109.815 32.270
202012 27.489 109.897 32.962
202103 28.832 111.754 33.998
202106 29.150 114.631 33.510
202109 30.434 115.734 34.652
202112 32.558 117.630 36.474
202203 34.591 121.301 37.578
202206 34.857 125.017 36.742
202209 37.481 125.227 39.441
202212 37.944 125.222 39.930
202303 39.851 127.348 41.237
202306 39.974 128.729 40.920
202309 41.967 129.860 42.586
202312 42.883 129.419 43.664
202403 43.858 131.776 43.858

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.


IDEX  (STU:ID7) 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.


IDEX Cyclically Adjusted PB Ratio Related Terms

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


IDEX (STU:ID7) Business Description

Industry
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.

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