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Intershop Holding AG (XSWX:ISN) Cyclically Adjusted PB Ratio : 1.64 (As of Apr. 30, 2024)


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What is Intershop Holding AG Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Intershop Holding AG's current share price is CHF123.60. Intershop Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was CHF75.41. Intershop Holding AG's Cyclically Adjusted PB Ratio for today is 1.64.

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

XSWX:ISN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 1.84   Max: 2.34
Current: 1.64

During the past 13 years, Intershop Holding AG's highest Cyclically Adjusted PB Ratio was 2.34. The lowest was 1.35. And the median was 1.84.

XSWX:ISN's Cyclically Adjusted PB Ratio is ranked worse than
81.83% of 1299 companies
in the Real Estate industry
Industry Median: 0.66 vs XSWX:ISN: 1.64

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.

Intershop Holding AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was CHF94.094. 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 CHF75.41 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intershop Holding AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intershop Holding AG'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.

Intershop Holding AG Cyclically Adjusted PB Ratio Chart

Intershop Holding AG 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 1.95 2.04 1.89 1.71 1.63

Intershop Holding AG 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 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 1.89 - 1.71 - 1.63

Competitive Comparison of Intershop Holding AG's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Intershop Holding AG'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.


Intershop Holding AG's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Intershop Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Intershop Holding AG 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.

Intershop Holding AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=123.60/75.41
=1.64

* 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.

Intershop Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Intershop Holding AG'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)
=94.094/106.4611*106.4611
=94.094

Current CPI (Dec23) = 106.4611.

Intershop Holding AG Annual Data

Book Value per Share CPI Adj_Book
201412 54.339 100.704 57.446
201512 55.752 99.386 59.721
201612 59.093 99.380 63.304
201712 61.985 100.213 65.850
201812 69.538 100.906 73.366
201912 70.867 101.063 74.652
202012 74.803 100.241 79.445
202112 85.282 101.776 89.208
202212 95.341 104.666 96.976
202312 94.094 106.461 94.094

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.


Intershop Holding AG  (XSWX:ISN) 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.


Intershop Holding AG Cyclically Adjusted PB Ratio Related Terms

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Intershop Holding AG (XSWX:ISN) Business Description

Traded in Other Exchanges
Address
Pulse 5, Giessereistrasse 18, PO Box 1601, Zurich, CHE, 8031
Intershop Holding AG is a Switzerland-based company that is principally engaged in Swiss commercial real estate business. The company's property portfolio is mainly located in the main business regions of Switzerland, especially in Zurich, Bern, and Geneva. The company's property portfolio consists of office property, education property, property for light industrial/logistics, retail property, residential property, and parking property, with office property and property for light industrial/logistics accounting for over two thirds of the total property portfolio.

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