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iA Financial (iA Financial) Cyclically Adjusted PB Ratio : 1.47 (As of May. 15, 2024)


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What is iA Financial Cyclically Adjusted PB Ratio?

As of today (2024-05-15), iA Financial's current share price is $63.05. iA Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $42.79. iA Financial's Cyclically Adjusted PB Ratio for today is 1.47.

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

IAFNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.59   Max: 2.05
Current: 1.59

During the past years, iA Financial's highest Cyclically Adjusted PB Ratio was 2.05. The lowest was 0.96. And the median was 1.59.

IAFNF's Cyclically Adjusted PB Ratio is ranked worse than
65.05% of 412 companies
in the Insurance industry
Industry Median: 1.185 vs IAFNF: 1.59

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.

iA Financial's adjusted book value per share data for the three months ended in Mar. 2024 was $50.951. 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 $42.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


iA Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for iA Financial'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.

iA Financial Cyclically Adjusted PB Ratio Chart

iA Financial 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 1.85 1.34 1.57 1.53 1.60

iA Financial 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 1.61 1.66 1.53 1.60 1.47

Competitive Comparison of iA Financial's Cyclically Adjusted PB Ratio

For the Insurance - Diversified subindustry, iA Financial'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.


iA Financial's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



iA Financial 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.

iA Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=63.05/42.79
=1.47

* 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.

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

For example, iA Financial'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)
=50.951/125.4675*125.4675
=50.951

Current CPI (Mar. 2024) = 125.4675.

iA Financial Quarterly Data

Book Value per Share CPI Adj_Book
201406 30.422 99.473 38.372
201409 30.413 99.394 38.391
201412 29.773 98.367 37.976
201503 28.090 99.789 35.318
201506 29.614 100.500 36.971
201509 27.850 100.421 34.796
201512 27.116 99.947 34.040
201603 27.914 101.054 34.658
201606 29.514 102.002 36.304
201609 29.808 101.765 36.751
201612 30.988 101.449 38.325
201703 31.556 102.634 38.577
201706 32.058 103.029 39.040
201709 35.556 103.345 43.167
201712 34.501 103.345 41.887
201803 35.156 105.004 42.007
201806 35.763 105.557 42.509
201809 36.510 105.636 43.364
201812 35.597 105.399 42.375
201903 36.246 106.979 42.510
201906 37.624 107.690 43.835
201909 38.687 107.611 45.106
201912 39.201 107.769 45.639
202003 37.742 107.927 43.876
202006 39.616 108.401 45.853
202009 41.505 108.164 48.145
202012 43.664 108.559 50.465
202103 45.560 110.298 51.826
202106 48.584 111.720 54.563
202109 48.262 112.905 53.632
202112 48.535 113.774 53.523
202203 48.549 117.646 51.777
202206 47.916 120.806 49.765
202209 47.019 120.648 48.897
202212 46.384 120.964 48.111
202303 47.293 122.702 48.359
202306 49.205 124.203 49.706
202309 48.231 125.230 48.322
202312 49.843 125.468 49.843
202403 50.951 125.468 50.951

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.


iA Financial  (OTCPK:IAFNF) 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.


iA Financial Cyclically Adjusted PB Ratio Related Terms

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


iA Financial (iA Financial) Business Description

Traded in Other Exchanges
Address
1080, Grande Allee Ouest, PO Box 1907, Station Terminus, Quebec, QC, CAN, G1K 7M3
iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and U.S Operations.

iA Financial (iA Financial) Headlines

From GuruFocus

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