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Investors Title Co (Investors Title Co) Cyclically Adjusted PB Ratio : 1.38 (As of Apr. 27, 2024)


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What is Investors Title Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Investors Title Co's current share price is $159.36. Investors Title Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $115.09. Investors Title Co's Cyclically Adjusted PB Ratio for today is 1.38.

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

ITIC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 1.78   Max: 3.31
Current: 1.38

During the past years, Investors Title Co's highest Cyclically Adjusted PB Ratio was 3.31. The lowest was 1.15. And the median was 1.78.

ITIC's Cyclically Adjusted PB Ratio is ranked worse than
61.74% of 413 companies
in the Insurance industry
Industry Median: 1.15 vs ITIC: 1.38

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.

Investors Title Co's adjusted book value per share data for the three months ended in Dec. 2023 was $133.053. 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 $115.09 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Investors Title Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Investors Title Co'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.

Investors Title Co Cyclically Adjusted PB Ratio Chart

Investors Title Co 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 2.09 1.86 2.08 1.39 1.41

Investors Title Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 1.39 1.38 1.30 1.29 1.41

Competitive Comparison of Investors Title Co's Cyclically Adjusted PB Ratio

For the Insurance - Specialty subindustry, Investors Title Co'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.


Investors Title Co's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

* The bar in red indicates where Investors Title Co's Cyclically Adjusted PB Ratio falls into.



Investors Title Co 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.

Investors Title Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=159.36/115.09
=1.38

* 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.

Investors Title Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Investors Title Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=133.053/129.4194*129.4194
=133.053

Current CPI (Dec. 2023) = 129.4194.

Investors Title Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 63.272 99.695 82.137
201406 65.475 100.560 84.266
201409 66.377 100.428 85.539
201412 67.991 99.070 88.820
201503 68.818 99.621 89.403
201506 69.794 100.684 89.713
201509 71.256 100.392 91.859
201512 73.172 99.792 94.896
201603 74.170 100.470 95.541
201606 77.287 101.688 98.364
201609 80.681 101.861 102.509
201612 82.283 101.863 104.543
201703 84.941 102.862 106.871
201706 88.038 103.349 110.246
201709 91.176 104.136 113.313
201712 94.293 104.011 117.327
201803 95.379 105.290 117.238
201806 98.600 106.317 120.026
201809 103.624 106.507 125.917
201812 93.078 105.998 113.645
201903 96.733 107.251 116.728
201906 99.680 108.070 119.372
201909 103.700 108.329 123.889
201912 101.411 108.420 121.053
202003 97.116 108.902 115.413
202006 104.897 108.767 124.814
202009 112.541 109.815 132.632
202012 105.931 109.897 124.749
202103 112.393 111.754 130.159
202106 122.459 114.631 138.257
202109 129.517 115.734 144.832
202112 120.890 117.630 133.007
202203 122.558 121.301 130.761
202206 122.920 125.017 127.249
202209 126.010 125.227 130.229
202212 127.048 125.222 131.307
202303 127.417 127.348 129.490
202306 130.753 128.729 131.455
202309 133.616 129.860 133.163
202312 133.053 129.419 133.053

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.


Investors Title Co  (NAS:ITIC) 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.


Investors Title Co Cyclically Adjusted PB Ratio Related Terms

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


Investors Title Co (Investors Title Co) Business Description

Traded in Other Exchanges
N/A
Address
121 North Columbia Street, Chapel Hill, NC, USA, 27514
Investors Title Co along with its subsidiaries is engaged in the issuance of residential and commercial title insurance through ITIC and NITIC. It also provides tax-deferred real property exchange services, investment management, and trust services, and management services to title insurance agencies. The company generates its revenue from interest and dividends.
Executives
James E Scott director 121 NORTH COLUMBIA STREET, CHAPEL HILL NC 27514
Parker, Jr. Elton C. director 121 N COLUMBIA STREET, P O DRAWER 2687, CHAPEL HILL NC 27514
Tammy Coley director 121 N COLUMBIA STREET, P O DRAWER 2687, CHAPEL HILL NC 27514
Fine James A Jr director, officer: President, Treasurer
Markel Gayner Asset Management Corp 10 percent owner 4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Timothy B Murphy officer: Chief Executive Officer 230 BROADWAY, LYNNFIELD MA 01940
Markel Corp 10 percent owner 4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Markel American Insurance Co 10 percent owner 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Essex Insurance Co 10 percent owner
Evanston Insurance Co 10 percent owner
R Horace Johnson director 3317 LANDOR ROAD, RALEIGH NC 27609
Speed James H. Jr. director 11032 BRASS KETTLE ROAD, RALEIGH NC 27614
Hutson Richard M Ii director PO BOX 2687, CHAPEL HILL NC 27515
W Morris Fine director, officer: Executive Vice President
J Allen Fine director, 10 percent owner, officer: Chief Executive Officer 121 NORTH COLUMBIA ST, INVESTORS TITLE CO, CHAPEL HILL NC 97514

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