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Iron Mountain (FRA:I5M) Cyclically Adjusted PB Ratio : 15.25 (As of May. 22, 2024)


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What is Iron Mountain Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Iron Mountain's current share price is €75.96. 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 for today is 15.25.

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

FRA:I5M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.88   Med: 4.42   Max: 15.29
Current: 15.29

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

FRA:I5M's Cyclically Adjusted PB Ratio is ranked worse than
99.8% of 494 companies
in the REITs industry
Industry Median: 0.765 vs FRA:I5M: 15.29

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iron Mountain Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Cyclically Adjusted PB Ratio Chart

Iron Mountain 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 4.41 4.55 8.51 8.50 12.85

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 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 9.09 9.90 10.56 12.85 14.94

Competitive Comparison of Iron Mountain's Cyclically Adjusted PB Ratio

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 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=75.96/4.98
=15.25

* 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.

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

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.

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.


Iron Mountain  (FRA:I5M) 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.


Iron Mountain Cyclically Adjusted PB Ratio Related Terms

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


Iron Mountain (FRA:I5M) Business Description

Industry
Traded in Other Exchanges
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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