GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Idacorp Inc (NYSE:IDA) » Definitions » Cyclically Adjusted Book per Share

Idacorp (Idacorp) Cyclically Adjusted Book per Share : $55.45 (As of Dec. 2023)


View and export this data going back to 1948. Start your Free Trial

What is Idacorp 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.

Idacorp's adjusted book value per share for the three months ended in Dec. 2023 was $57.445. 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 $55.45 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Idacorp's average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.00% 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 Idacorp was 7.90% per year. The lowest was 1.90% per year. And the median was 3.60% per year.

As of today (2024-04-27), Idacorp's current stock price is $94.60. Idacorp's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $55.45. Idacorp's Cyclically Adjusted PB Ratio of today is 1.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Idacorp was 2.73. The lowest was 1.49. And the median was 2.13.


Idacorp Cyclically Adjusted Book per Share Historical Data

The historical data trend for Idacorp'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.

Idacorp Cyclically Adjusted Book per Share Chart

Idacorp 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 42.13 44.13 48.57 52.75 55.45

Idacorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 52.75 53.89 54.71 55.42 55.45

Competitive Comparison of Idacorp's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Idacorp'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.


Idacorp's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Idacorp's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Idacorp 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, Idacorp'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)
=57.445/129.4194*129.4194
=57.445

Current CPI (Dec. 2023) = 129.4194.

Idacorp Quarterly Data

Book Value per Share CPI Adj_Book
201403 36.926 99.695 47.936
201406 37.436 100.560 48.180
201409 38.772 100.428 49.965
201412 38.854 99.070 50.757
201503 38.814 99.621 50.424
201506 39.697 100.684 51.027
201509 40.719 100.392 52.493
201512 40.879 99.792 53.015
201603 40.811 100.470 52.570
201606 41.459 101.688 52.765
201609 42.630 101.861 54.164
201612 42.739 101.863 54.301
201703 42.848 102.862 53.911
201706 43.316 103.349 54.243
201709 44.601 104.136 55.430
201712 44.677 104.011 55.591
201803 44.792 105.290 55.057
201806 45.506 106.317 55.394
201809 46.993 106.507 57.103
201812 47.037 105.998 57.430
201903 47.241 107.251 57.006
201906 47.697 108.070 57.120
201909 48.894 108.329 58.413
201912 48.903 108.420 58.375
202003 48.904 108.902 58.118
202006 49.461 108.767 58.852
202009 50.851 109.815 59.929
202012 50.731 109.897 59.743
202103 50.864 111.754 58.904
202106 51.596 114.631 58.252
202109 52.867 115.734 59.118
202112 52.824 117.630 58.119
202203 52.958 121.301 56.502
202206 53.537 125.017 55.422
202209 54.948 125.227 56.788
202212 55.521 125.222 57.382
202303 55.783 127.348 56.690
202306 56.382 128.729 56.685
202309 57.708 129.860 57.512
202312 57.445 129.419 57.445

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


Idacorp  (NYSE:IDA) 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.

Idacorp's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=94.60/55.45
=1.71

* 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 Idacorp was 2.73. The lowest was 1.49. And the median was 2.13.


Be Aware

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


Idacorp Cyclically Adjusted Book per Share Related Terms

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


Idacorp (Idacorp) Business Description

Industry
Traded in Other Exchanges
Address
1221 West Idaho Street, Boise, ID, USA, 83702-5627
Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.
Executives
Jeffrey L Malmen officer: Vice President-Public Affairs 1221 WEST IDAHO STREET, BOISE ID 83702
Mitchel D Colburn officer: VP of Plan, Eng, & Const (IPC) 1221 W IDAHO ST, BOISE ID 83702
Nate Jorgensen director PO BOX 50, BOISE ID 83728-0050
Susan Morris director ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Julia A Hilton officer: VP and General Counsel 1221 W IDAHO ST, BOISE ID 83702
Dennis L Johnson director 1221 W IDAHO ST, BOISE ID 83702
Jeff C Kinneeveauk director 7300 EAST EARLL DRIVE, #3022, SCOTTSDALE AZ 85251
Mark T Peters director 884 NEIL AVENUE, COLUMBUS OH 43215
Odette C Bolano director 1726 N MOCKBEE PL, BOISE ID 83702
Christine King director AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
Tom J Harvey officer: VP of Power Supply (IPC) 1221 W IDAHO ST, BOISE ID 83702
Darrel T Anderson officer: VP, CFO & Treasurer 1221 W IDAHO ST, BOISE ID 83702
Richard J Dahl director DOLE FOOD CO, 1 DOLE DRIVE, WESTLAKE CA 91362
Sarah E Griffin officer: VP of Human Resources 1221 W IDAHO ST, BOISE ID 83702
Hanchey James Bo D officer: VP of Cust Op & CSO 1221 W IDAHO ST, BOISE ID 83702