GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Imerys (XPAR:NK) » Definitions » Cyclically Adjusted PB Ratio

Imerys (XPAR:NK) Cyclically Adjusted PB Ratio : 0.84 (As of May. 26, 2024)


View and export this data going back to 1989. Start your Free Trial

What is Imerys Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Imerys's current share price is €34.56. Imerys's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €40.97. Imerys's Cyclically Adjusted PB Ratio for today is 0.84.

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

XPAR:NK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.06   Max: 2.22
Current: 0.84

During the past years, Imerys's highest Cyclically Adjusted PB Ratio was 2.22. The lowest was 0.63. And the median was 1.06.

XPAR:NK's Cyclically Adjusted PB Ratio is ranked better than
63.25% of 302 companies
in the Building Materials industry
Industry Median: 1.09 vs XPAR:NK: 0.84

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.

Imerys's adjusted book value per share data for the three months ended in Dec. 2023 was €36.999. 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 €40.97 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imerys Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Imerys'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.

Imerys Cyclically Adjusted PB Ratio Chart

Imerys 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 1.11 1.11 1.00 0.93 0.70

Imerys 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 0.93 - 0.88 - 0.70

Competitive Comparison of Imerys's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, Imerys'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.


Imerys's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Imerys's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Imerys 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.56/40.97
=0.84

* 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.

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

For example, Imerys'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)
=36.999/118.3900*118.3900
=36.999

Current CPI (Dec. 2023) = 118.3900.

Imerys Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 100.240 0.000
201406 30.049 100.180 35.511
201409 0.000 99.920 0.000
201412 32.288 99.860 38.279
201503 0.000 100.170 0.000
201506 38.409 100.440 45.273
201509 0.000 99.950 0.000
201512 33.325 100.040 39.438
201603 0.000 100.020 0.000
201606 32.804 100.630 38.594
201609 0.000 100.340 0.000
201612 36.065 100.650 42.422
201703 0.000 101.170 0.000
201706 35.161 101.320 41.085
201709 0.000 101.330 0.000
201712 35.805 101.850 41.620
201803 0.000 102.750 0.000
201806 36.302 103.370 41.577
201809 0.000 103.560 0.000
201812 40.596 103.470 46.450
201903 0.000 103.890 0.000
201906 39.668 104.580 44.906
201909 0.000 104.500 0.000
201912 39.441 104.980 44.479
202003 0.000 104.590 0.000
202006 35.495 104.790 40.102
202009 0.000 104.550 0.000
202012 34.233 104.960 38.613
202103 0.000 105.750 0.000
202106 36.188 106.340 40.289
202109 0.000 106.810 0.000
202112 37.754 107.850 41.444
202203 0.000 110.490 0.000
202206 40.470 112.550 42.570
202209 0.000 112.740 0.000
202212 39.564 114.160 41.030
202303 0.000 116.790 0.000
202306 38.504 117.650 38.746
202309 0.000 118.260 0.000
202312 36.999 118.390 36.999

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.


Imerys  (XPAR:NK) 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.


Imerys Cyclically Adjusted PB Ratio Related Terms

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


Imerys (XPAR:NK) Business Description

Industry
Traded in Other Exchanges
Address
43 quai de Grenelle, Paris, FRA, 75015
Imerys manufactures and sells mineral-based specialty applications for multiple industries, including construction, renovation, iron and steel, and automotive. The company is organized into two segments. The Performance Minerals segment comprise three geographic business areas - Europe, Middle East and Africa, Americas and the Asia Pacific. It mainly serves the plastics, rubber, paints & coatings, filtration, renewable energy and paper & board markets. The High-Temperature Materials & Solutions segment regroups two business areas High Temperature Solutions, and Refractory, Abrasives & Construction serving the iron and steel, thermal, refractory, foundry, abrasives and building & infrastructure markets.

Imerys (XPAR:NK) Headlines

From GuruFocus

SHAREHOLDER ALERT: WeissLaw LLP Investigates NantKwest, Inc.

By PRNewswire PRNewswire 12-22-2020

ImmunityBio and NantKwest Complete Merger

By Business Wire Business Wire 03-10-2021

RM LAW Announces Investigation of NantKwest, Inc.

By PRNewswire PRNewswire 01-21-2021