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Imaflex (TSXV:IFX) Cyclically Adjusted PB Ratio : 1.11 (As of Apr. 30, 2024)


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What is Imaflex Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Imaflex's current share price is C$0.78. Imaflex's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was C$0.70. Imaflex's Cyclically Adjusted PB Ratio for today is 1.11.

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

TSXV:IFX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.44   Max: 3.09
Current: 1.12

During the past years, Imaflex's highest Cyclically Adjusted PB Ratio was 3.09. The lowest was 0.55. And the median was 1.44.

TSXV:IFX's Cyclically Adjusted PB Ratio is ranked better than
50.77% of 260 companies
in the Packaging & Containers industry
Industry Median: 1.16 vs TSXV:IFX: 1.12

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.

Imaflex's adjusted book value per share data for the three months ended in Sep. 2023 was C$1.098. 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 C$0.70 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imaflex Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Imaflex'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.

Imaflex Cyclically Adjusted PB Ratio Chart

Imaflex Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.62 1.43 2.17 2.23 2.44

Imaflex Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.30 2.44 2.59 1.66 1.44

Competitive Comparison of Imaflex's Cyclically Adjusted PB Ratio

For the Packaging & Containers subindustry, Imaflex'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.


Imaflex's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Imaflex's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Imaflex 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.78/0.7
=1.11

* 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.

Imaflex's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Imaflex's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=1.098/125.2304*125.2304
=1.098

Current CPI (Sep. 2023) = 125.2304.

Imaflex Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.361 96.945 0.466
201403 0.361 98.604 0.458
201406 0.352 99.473 0.443
201409 0.357 99.394 0.450
201412 0.374 98.367 0.476
201503 0.372 99.789 0.467
201506 0.378 100.500 0.471
201509 0.394 100.421 0.491
201512 0.404 99.947 0.506
201603 0.396 101.054 0.491
201606 0.407 102.002 0.500
201609 0.408 101.765 0.502
201612 0.415 101.449 0.512
201703 0.439 102.634 0.536
201706 0.464 103.029 0.564
201709 0.474 103.345 0.574
201712 0.490 103.345 0.594
201803 0.526 105.004 0.627
201806 0.543 105.557 0.644
201809 0.553 105.636 0.656
201812 0.568 105.399 0.675
201903 0.574 106.979 0.672
201906 0.577 107.690 0.671
201909 0.588 107.611 0.684
201912 0.593 107.769 0.689
202003 0.659 107.927 0.765
202006 0.664 108.401 0.767
202009 0.688 108.164 0.797
202012 0.719 108.559 0.829
202103 0.757 110.298 0.859
202106 0.795 111.720 0.891
202109 0.865 112.905 0.959
202112 0.873 113.774 0.961
202203 0.000 117.646 0.000
202206 0.983 120.806 1.019
202209 1.059 120.648 1.099
202212 1.066 120.964 1.104
202303 1.084 122.702 1.106
202306 1.089 124.203 1.098
202309 1.098 125.230 1.098

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.


Imaflex  (TSXV:IFX) 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.


Imaflex Cyclically Adjusted PB Ratio Related Terms

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


Imaflex (TSXV:IFX) Business Description

Traded in Other Exchanges
Address
5710, Rue Notre-Dame Ouest, Montreal, QC, CAN, H4C 1V2
Imaflex Inc is focused on the development and manufacturing of innovative solutions for the flexible packaging space. The company develops and manufactures films for the agriculture industry. Its products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. It manufactures and sells industrial bags using recycled material, including garbage bags, compostable bags, gaylord bags and bags on rolls. It also specializes in the metalization of plastic film primarily for food packaging and agricultural mulches.

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