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Iron Mountain (FRA:I5M) Cyclically Adjusted Book per Share : €4.98 (As of Mar. 2024)


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What is Iron Mountain Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Iron Mountain's adjusted book value per share for the three months ended in Mar. 2024 was €0.058. 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 €4.98 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Iron Mountain's average Cyclically Adjusted Book Growth Rate was -7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -6.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -4.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Iron Mountain was 14.40% per year. The lowest was -7.10% per year. And the median was -2.40% per year.

As of today (2024-05-21), Iron Mountain's current stock price is €74.88. Iron Mountain's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.98. Iron Mountain's Cyclically Adjusted PB Ratio of today is 15.04.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Iron Mountain was 15.29. The lowest was 2.88. And the median was 4.42.


Iron Mountain Cyclically Adjusted Book per Share Historical Data

The historical data trend for Iron Mountain's Cyclically Adjusted Book per Share 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.

Iron Mountain Cyclically Adjusted Book per Share Chart

Iron Mountain Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.41 5.50 5.46 5.50 4.99

Iron Mountain Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 5.20 5.26 5.35 4.99 4.98

Competitive Comparison of Iron Mountain's Cyclically Adjusted Book per Share

For the REIT - Specialty subindustry, Iron Mountain'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.


Iron Mountain's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Iron Mountain Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Iron Mountain'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)
=0.058/131.7762*131.7762
=0.058

Current CPI (Mar. 2024) = 131.7762.

Iron Mountain Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.912 100.560 6.437
201409 1.826 100.428 2.396
201412 3.310 99.070 4.403
201503 3.260 99.621 4.312
201506 2.996 100.684 3.921
201509 2.563 100.392 3.364
201512 2.210 99.792 2.918
201603 2.104 100.470 2.760
201606 7.516 101.688 9.740
201609 7.186 101.861 9.296
201612 6.962 101.863 9.006
201703 6.736 102.862 8.629
201706 6.247 103.349 7.965
201709 5.869 104.136 7.427
201712 6.857 104.011 8.687
201803 6.410 105.290 8.023
201806 6.151 106.317 7.624
201809 5.801 106.507 7.177
201812 5.713 105.998 7.102
201903 5.429 107.251 6.670
201906 5.111 108.070 6.232
201909 4.778 108.329 5.812
201912 4.586 108.420 5.574
202003 3.532 108.902 4.274
202006 3.157 108.767 3.825
202009 2.762 109.815 3.314
202012 3.241 109.897 3.886
202103 2.792 111.754 3.292
202106 3.291 114.631 3.783
202109 2.859 115.734 3.255
202112 2.614 117.630 2.928
202203 2.368 121.301 2.572
202206 2.105 125.017 2.219
202209 1.839 125.227 1.935
202212 2.067 125.222 2.175
202303 1.747 127.348 1.808
202306 1.316 128.729 1.347
202309 0.843 129.860 0.855
202312 0.664 129.419 0.676
202403 0.058 131.776 0.058

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Iron Mountain  (FRA:I5M) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Iron Mountain's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=74.88/4.98
=15.04

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Iron Mountain was 15.29. The lowest was 2.88. And the median was 4.42.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Iron Mountain Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Iron Mountain's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Iron Mountain (FRA:I5M) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (FRA:I5M) » Definitions » Cyclically Adjusted Book per Share
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Address
85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

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