GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Imperial Pacific Ltd (ASX:IPC) » Definitions » Cyclically Adjusted PB Ratio

Imperial Pacific (ASX:IPC) Cyclically Adjusted PB Ratio : 0.98 (As of Apr. 27, 2024)


View and export this data going back to 1971. Start your Free Trial

What is Imperial Pacific Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Imperial Pacific's current share price is A$1.23. Imperial Pacific's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was A$1.25. Imperial Pacific's Cyclically Adjusted PB Ratio for today is 0.98.

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

ASX:IPC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.88   Max: 1.51
Current: 0.99

During the past 13 years, Imperial Pacific's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 0.38. And the median was 0.88.

ASX:IPC's Cyclically Adjusted PB Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.77 vs ASX:IPC: 0.99

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.

Imperial Pacific's adjusted book value per share data of for the fiscal year that ended in Jun23 was A$1.408. 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 A$1.25 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imperial Pacific Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Imperial Pacific'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.

Imperial Pacific Cyclically Adjusted PB Ratio Chart

Imperial Pacific Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.97 1.14 1.24 0.96

Imperial Pacific Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 1.14 - 1.24 - 0.96

Competitive Comparison of Imperial Pacific's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Imperial Pacific'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.


Imperial Pacific's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Imperial Pacific's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Imperial Pacific 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.

Imperial Pacific's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.23/1.25
=0.98

* 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.

Imperial Pacific's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Imperial Pacific's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book=Book Value per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=1.408/124.1700*124.1700
=1.408

Current CPI (Jun23) = 124.1700.

Imperial Pacific Annual Data

Book Value per Share CPI Adj_Book
201406 0.796 98.352 1.005
201506 0.658 99.838 0.818
201606 0.842 100.859 1.037
201706 1.081 102.809 1.306
201806 1.130 104.945 1.337
201906 1.093 106.617 1.273
202006 1.043 106.246 1.219
202106 1.303 110.332 1.466
202206 1.521 117.112 1.613
202306 1.408 124.170 1.408

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.


Imperial Pacific  (ASX:IPC) 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.


Imperial Pacific Cyclically Adjusted PB Ratio Related Terms

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


Imperial Pacific (ASX:IPC) Business Description

Traded in Other Exchanges
N/A
Address
111 Harrington Street, Suite 212, Level 2, The Rocks, Sydney, NSW, AUS, 2000
Imperial Pacific Ltd is involved in strategic equity investment in financial services and the portfolio management of London City Equities Ltd. The company has two segments namely Investment and Financial Services. The majority of its revenue comes from the Financial Services segment.

Imperial Pacific (ASX:IPC) Headlines

No Headlines