GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Intesa Sanpaolo (MIL:ISP) » Definitions » Cyclically Adjusted PB Ratio

Intesanpaolo (MIL:ISP) Cyclically Adjusted PB Ratio : 1.04 (As of May. 16, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Intesanpaolo Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Intesanpaolo's current share price is €3.727. Intesanpaolo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.59. Intesanpaolo's Cyclically Adjusted PB Ratio for today is 1.04.

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

MIL:ISP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.66   Max: 1.03
Current: 1.03

During the past years, Intesanpaolo's highest Cyclically Adjusted PB Ratio was 1.03. The lowest was 0.40. And the median was 0.66.

MIL:ISP's Cyclically Adjusted PB Ratio is ranked worse than
56.91% of 1186 companies
in the Banks industry
Industry Median: 0.935 vs MIL:ISP: 1.03

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.

Intesanpaolo's adjusted book value per share data for the three months ended in Mar. 2024 was €3.604. 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 €3.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intesanpaolo Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intesanpaolo'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.

Intesanpaolo Cyclically Adjusted PB Ratio Chart

Intesanpaolo 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 0.70 0.60 0.70 0.58 0.74

Intesanpaolo 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 0.66 0.67 0.68 0.74 0.94

Competitive Comparison of Intesanpaolo's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Intesanpaolo'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.


Intesanpaolo's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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



Intesanpaolo 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.

Intesanpaolo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.727/3.59
=1.04

* 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.

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

For example, Intesanpaolo'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)
=3.604/120.2000*120.2000
=3.604

Current CPI (Mar. 2024) = 120.2000.

Intesanpaolo Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.695 100.093 3.236
201409 2.939 99.814 3.539
201412 2.664 99.721 3.211
201503 3.064 99.814 3.690
201506 2.725 100.279 3.266
201509 2.835 100.000 3.408
201512 2.846 99.814 3.427
201603 2.946 99.600 3.555
201606 2.832 99.900 3.407
201609 2.873 100.100 3.450
201612 2.914 100.300 3.492
201703 3.023 101.000 3.598
201706 3.168 101.100 3.767
201709 3.196 101.200 3.796
201712 3.349 101.200 3.978
201803 3.250 101.800 3.837
201806 2.913 102.400 3.419
201809 3.005 102.600 3.520
201812 3.088 102.300 3.628
201903 3.156 102.800 3.690
201906 3.059 103.100 3.566
201909 3.156 102.900 3.687
201912 3.201 102.800 3.743
202003 3.233 102.900 3.777
202006 3.351 102.900 3.914
202009 3.523 102.300 4.139
202012 3.397 102.600 3.980
202103 3.370 103.700 3.906
202106 3.416 104.200 3.941
202109 3.458 104.900 3.962
202112 3.287 106.600 3.706
202203 3.336 110.400 3.632
202206 3.209 112.500 3.429
202209 3.308 114.200 3.482
202212 3.222 119.000 3.254
202303 3.362 118.800 3.402
202306 3.410 119.700 3.424
202309 3.536 120.300 3.533
202312 3.504 119.700 3.519
202403 3.604 120.200 3.604

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.


Intesanpaolo  (MIL:ISP) 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.


Intesanpaolo Cyclically Adjusted PB Ratio Related Terms

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


Intesanpaolo (MIL:ISP) Business Description

Industry
Address
Piazza San Carlo, 156, Torino, ITA, 10121
Intesa Sanpaolo is an Italian banking group resulting from the merger of Banca Intesa and Sanpaolo IMI in 2007. Italy still accounts for by far the most of its earnings. Still, Intesa also has a growing international presence, focusing on some smaller countries in Central and Eastern Europe. Intesa has an enviable market position in the Italian savings market that it services through its private banking, asset management and life insurance operations, which accounts for around 25% of its revenue. While Intesa does have a sizable corporate banking business, it has limited exposure to securities trading and underwriting.

Intesanpaolo (MIL:ISP) Headlines

No Headlines