Ice Code Games (WAR:ICG) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)

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What is Ice Code Games Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

Ice Code Games Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ice Code Games'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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Ice Code Games Cyclically Adjusted PB Ratio Chart

Ice Code Games Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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4.45

1.69

1.76

Ice Code Games 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															2.03	1.70	1.88	1.76	-

Competitive Comparison of Ice Code Games's Cyclically Adjusted PB Ratio

For the Electronic Gaming & Multimedia subindustry, Ice Code Games'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.

Ice Code Games's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Ice Code Games's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Ice Code Games 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.

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

For example, Ice Code Games'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)
	=	0.105	/	149.0435	*	149.0435
	=	0.105

Current CPI (Mar. 2024) = 149.0435.

Ice Code Games Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	0.480	101.180	0.707
201409	0.382	100.611	0.566
201412	0.373	100.122	0.555
201503	0.329	100.041	0.490
201506	0.330	100.448	0.490
201509	0.307	99.634	0.459
201512	0.086	99.471	0.129
201603	0.086	98.983	0.129
201606	0.088	99.552	0.132
201609	0.090	99.064	0.135
201612	0.085	100.366	0.126
201703	0.084	101.018	0.124
201706	0.084	101.180	0.124
201709	0.084	101.343	0.124
201712	0.086	102.564	0.125
201803	0.083	102.564	0.121
201806	0.083	103.378	0.120
201809	0.081	103.378	0.117
201812	0.061	103.785	0.088
201903	0.055	104.274	0.079
201906	0.044	105.983	0.062
201909	0.041	105.983	0.058
201912	0.051	107.123	0.071
202003	0.050	109.076	0.068
202006	0.048	109.402	0.065
202009	0.046	109.320	0.063
202012	0.045	109.565	0.061
202103	0.042	112.658	0.056
202106	0.041	113.960	0.054
202109	0.039	115.588	0.050
202112	0.036	119.088	0.045
202203	0.143	125.031	0.170
202206	0.148	131.705	0.167
202209	0.149	135.531	0.164
202212	0.130	139.113	0.139
202303	0.122	145.950	0.125
202306	0.111	147.009	0.113
202309	0.103	146.113	0.105
202312	0.112	147.741	0.113
202403	0.105	149.044	0.105

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.

Ice Code Games (WAR:ICG) 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.

Ice Code Games Cyclically Adjusted PB Ratio Related Terms

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