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Banca Ifis (CHIX:IFM) Cyclically Adjusted PB Ratio : 0.68 (As of May. 15, 2024)


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What is Banca Ifis Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Banca Ifis's current share price is €17.015. Banca Ifis's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €24.97. Banca Ifis's Cyclically Adjusted PB Ratio for today is 0.68.

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

CHIX:IFm' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.81   Max: 5.73
Current: 0.78

During the past years, Banca Ifis's highest Cyclically Adjusted PB Ratio was 5.73. The lowest was 0.46. And the median was 0.81.

CHIX:IFm's Cyclically Adjusted PB Ratio is ranked better than
62.19% of 1185 companies
in the Banks industry
Industry Median: 0.93 vs CHIX:IFm: 0.78

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.

Banca Ifis's adjusted book value per share data for the three months ended in Mar. 2024 was €32.915. 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 €24.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banca Ifis Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Banca Ifis'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.

Banca Ifis Cyclically Adjusted PB Ratio Chart

Banca Ifis 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 1.05 0.58 0.91 0.56 0.60

Banca Ifis 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 0.58 0.59 0.64 0.60 0.68

Competitive Comparison of Banca Ifis's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Banca Ifis'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.


Banca Ifis's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banca Ifis's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Banca Ifis 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.

Banca Ifis's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.015/24.97
=0.68

* 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.

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

For example, Banca Ifis'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)
=32.915/119.5000*119.5000
=32.915

Current CPI (Mar. 2024) = 119.5000.

Banca Ifis Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.547 100.093 9.010
201409 7.904 99.814 9.463
201412 8.273 99.721 9.914
201503 10.778 99.814 12.904
201506 9.879 100.279 11.773
201509 10.496 100.000 12.543
201512 10.806 99.814 12.937
201603 10.366 99.600 12.437
201606 10.591 99.900 12.669
201609 11.052 100.100 13.194
201612 22.992 100.300 27.393
201703 23.462 101.000 27.759
201706 24.017 101.100 28.388
201709 25.054 101.200 29.585
201712 25.615 101.200 30.247
201803 26.444 101.800 31.042
201806 25.693 102.400 29.984
201809 26.046 102.600 30.336
201812 27.199 102.300 31.772
201903 27.765 102.800 32.275
201906 27.440 103.100 31.805
201909 27.986 102.900 32.501
201912 28.687 102.800 33.347
202003 28.752 102.900 33.390
202006 27.896 102.900 32.396
202009 28.182 102.300 32.920
202012 28.502 102.600 33.197
202103 28.895 103.700 33.298
202106 28.930 104.200 33.178
202109 29.512 104.900 33.619
202112 29.849 106.600 33.461
202203 30.173 110.400 32.660
202206 30.144 112.500 32.020
202209 30.484 114.200 31.899
202212 30.236 119.000 30.363
202303 31.231 118.800 31.415
202306 31.668 119.700 31.615
202309 32.234 120.300 32.020
202312 32.009 119.500 32.009
202403 32.915 119.500 32.915

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.


Banca Ifis  (CHIX:IFm) 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.


Banca Ifis Cyclically Adjusted PB Ratio Related Terms

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


Banca Ifis (CHIX:IFM) Business Description

Industry
Traded in Other Exchanges
Address
Via Terraglio, 63, Mestre, Venice, ITA, 30174
Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The group's earning assets are split nearly evenly between loans to customers and debt and equity securities available for sale. The group's net revenue is net interest income.

Banca Ifis (CHIX:IFM) Headlines

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